Reliance Chemotex Industries Ltd

Reliance Chemotex Industries Ltd

₹ 226 1.37%
23 Apr - close price
About

Incorporated in 1977, Reliance Chemotex Industries Ltd manufactures and sells
Synthetic & blended Yarn[1]

Key Points

Product Profile:[1]
a) Home Furnishing Yarns:
Artificial Silk Carpets, Conveyor Belts, Towels, Raised and Flat Upholstery, Artificial Leather, Ecru Polyester Yarn for Automotive, Mattress Ticking, Sheeting, and Covers.

b) Industrial Yarns:
Awnings, School Uniforms, Shawls, Medical Aids, Dyed Chenille Yarns for Home Textiles, Sweater Knitting, Dyed Chenille Yarns for Home Textiles, Mélange Yarns for Apparel, Vinyl Flooring, Dyed Polyester /Viscose Yarn for Apparel, Narrow Fabrics.

c) Apparel Yarns:
Knitwear, Ecru Viscose Yarn for Apparel,
Dyed Chenille Yarns for Home Textiles,
Dyed Viscose Yarns for Carpets, Suiting

  • Market Cap 170 Cr.
  • Current Price 226
  • High / Low 350 / 160
  • Stock P/E 30.8
  • Book Value 176
  • Dividend Yield 1.11 %
  • ROCE 10.7 %
  • ROE 10.0 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.10% over past five years.
  • Company has a low return on equity of 11.8% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -4.97%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
72.71 81.32 82.42 88.99 86.85 103.51 100.49 92.57 92.14 79.68 90.02 89.40 85.50
64.80 70.01 73.61 78.72 75.96 92.03 91.32 83.22 85.24 70.85 81.03 82.46 78.09
Operating Profit 7.91 11.31 8.81 10.27 10.89 11.48 9.17 9.35 6.90 8.83 8.99 6.94 7.41
OPM % 10.88% 13.91% 10.69% 11.54% 12.54% 11.09% 9.13% 10.10% 7.49% 11.08% 9.99% 7.76% 8.67%
0.96 0.71 0.51 0.92 1.33 3.83 0.59 0.98 3.12 1.46 1.08 0.81 0.95
Interest 2.54 2.72 2.70 2.63 3.62 3.21 3.10 3.04 2.90 4.89 4.75 4.81 4.92
Depreciation 1.90 2.00 1.89 2.28 2.22 2.13 2.34 2.35 2.44 2.63 2.52 2.52 2.53
Profit before tax 4.43 7.30 4.73 6.28 6.38 9.97 4.32 4.94 4.68 2.77 2.80 0.42 0.91
Tax % 42.89% 20.96% 35.31% 29.94% 32.60% 36.01% 25.69% 33.00% 33.12% -0.00% 21.07% -9.52% 92.31%
2.53 5.78 3.06 4.40 4.31 6.37 3.21 3.32 3.13 2.77 2.23 0.46 0.06
EPS in Rs 3.35 7.66 4.06 5.83 5.71 8.44 4.26 4.40 4.15 3.67 2.96 0.61 0.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
199 204 250 235 257 291 285 323 300 256 362 365 345
181 185 227 224 238 269 265 298 271 232 317 330 312
Operating Profit 18 19 23 11 19 22 19 26 28 23 45 35 32
OPM % 9% 9% 9% 5% 7% 8% 7% 8% 9% 9% 12% 10% 9%
-0 3 3 17 3 4 1 2 1 4 3 6 4
Interest 10 9 11 13 13 14 12 13 11 10 12 14 19
Depreciation 5 5 6 6 7 7 7 7 7 8 9 10 10
Profit before tax 3 8 9 9 2 5 1 8 11 10 27 17 7
Tax % 24% 22% 40% 28% -48% -35% -217% 49% 13% 33% 34% 26%
2 6 6 7 3 6 3 4 9 7 18 12 6
EPS in Rs 3.04 7.93 7.08 8.14 3.16 8.10 3.25 5.11 12.37 9.19 24.03 16.46 7.32
Dividend Payout % 16% 6% 7% 6% 16% 6% 15% 15% 8% 22% 10% 15%
Compounded Sales Growth
10 Years: 6%
5 Years: 5%
3 Years: 7%
TTM: -11%
Compounded Profit Growth
10 Years: 7%
5 Years: 37%
3 Years: 11%
TTM: -66%
Stock Price CAGR
10 Years: 22%
5 Years: 29%
3 Years: 43%
1 Year: 29%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 12%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 8 8 8 8 8
Reserves 21 25 29 32 32 64 66 63 91 97 114 124 125
Preference Capital 13 19 20 23 23 -0 23 23 -0 -0 -0 -0
59 69 65 84 90 95 71 59 65 97 128 199 249
44 50 57 71 76 64 87 92 65 61 84 66 71
Total Liabilities 128 148 154 191 201 227 228 218 227 263 333 397 452
67 66 82 107 109 152 145 140 136 148 181 196 191
CWIP 2 17 2 2 1 -0 -0 -0 6 1 10 39 84
Investments 8 3 3 3 -0 -0 -0 -0 -0 0 -0 -0 -0
51 62 66 79 91 76 82 79 85 113 142 162 176
Total Assets 128 148 154 191 201 227 228 218 227 263 333 397 452

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 7 17 0 12 32 11 26 22 27 59 -0
-5 -18 -5 -27 -6 -2 -0 -0 -8 -43 -74 -51
-5 10 -14 28 -6 -30 -11 -26 -13 15 14 55
Net Cash Flow 0 -1 -2 1 0 -0 -1 -0 1 -0 -0 4

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22 20 26 21 30 23 22 20 16 15 5 7
Inventory Days 72 71 58 93 102 85 97 74 82 138 91 87
Days Payable 50 37 47 70 84 79 84 70 65 58 57 28
Cash Conversion Cycle 44 53 37 44 48 30 36 24 33 95 40 67
Working Capital Days 12 36 31 37 34 8 18 16 27 47 18 50
ROCE % 14% 16% 17% 16% 10% 12% 8% 13% 14% 11% 19% 11%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.65% 67.68% 67.68% 67.68% 67.69% 67.69% 67.69% 67.69% 67.69% 67.69% 67.69% 67.69%
0.00% 1.33% 1.43% 1.39% 1.52% 1.66% 1.66% 1.66% 1.24% 0.00% 0.57% 0.11%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.80% 0.00%
27.35% 30.99% 30.89% 30.92% 30.80% 30.66% 30.66% 30.65% 31.08% 32.31% 29.95% 32.22%
No. of Shareholders 9,2259,94010,2929,99410,28911,36911,24611,86911,62411,66410,77511,167

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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