RSWM Ltd

RSWM Ltd

₹ 202 -1.30%
27 Feb 2:28 p.m.
About

RSWM Ltd. is a textile manufacturer and exporter of Synthetic, Blended, Mélange, Cotton, Specialty value added yarns and also manufactures Fabrics, Denim and Green Polyester Fiber. [1]

Key Points

Parentage[1]
RSWM is the flagship company of LNJ Bhilwara Group. The group is in IT sector, Power sector and Power consultancy, Textiles, Electrodes etc.

  • Market Cap 949 Cr.
  • Current Price 202
  • High / Low 243 / 144
  • Stock P/E
  • Book Value 274
  • Dividend Yield 2.49 %
  • ROCE 8.16 %
  • ROE 8.30 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.21% over past five years.
  • Company has a low return on equity of 12.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.80.9 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
721 836 742 953 1,001 1,121 1,024 954 855 956 902 1,007 977
629 726 661 849 886 990 914 882 837 908 885 986 962
Operating Profit 92 110 81 104 116 131 109 72 18 48 16 22 15
OPM % 13% 13% 11% 11% 12% 12% 11% 8% 2% 5% 2% 2% 2%
7 24 8 9 7 14 35 16 10 43 16 15 7
Interest 19 19 18 17 15 17 19 19 21 16 21 19 25
Depreciation 31 32 31 29 26 27 27 35 33 32 35 34 42
Profit before tax 48 83 40 68 81 101 99 35 -24 42 -24 -17 -45
Tax % 36% 14% 7% 34% 37% -12% 28% 42% 45% -6% 43% 46% 24%
31 71 37 45 52 113 71 20 -13 45 -13 -9 -34
EPS in Rs 6.49 15.15 7.84 9.50 10.97 23.97 15.15 4.27 -2.83 9.49 -2.85 -1.95 -7.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,123 2,637 3,111 2,983 2,933 2,987 2,940 2,962 2,771 2,326 3,817 3,789 3,843
1,991 2,284 2,724 2,637 2,535 2,660 2,713 2,798 2,587 2,151 3,385 3,541 3,741
Operating Profit 132 353 387 346 398 326 227 164 184 175 432 248 101
OPM % 6% 13% 12% 12% 14% 11% 8% 6% 7% 8% 11% 7% 3%
19 2 27 32 30 35 43 32 43 39 38 105 81
Interest 117 133 136 125 126 110 117 120 109 83 68 74 81
Depreciation 98 115 118 135 149 132 124 124 132 128 113 127 144
Profit before tax -64 107 160 117 153 118 28 -47 -13 3 290 152 -43
Tax % 16% 31% 36% 27% 27% 12% 25% 19% -7% -499% 15% 19%
-53 73 102 86 112 104 21 -38 -13 21 246 123 -12
EPS in Rs -9.23 15.49 21.74 18.65 24.24 22.10 4.45 -8.13 -2.85 4.42 52.28 26.08 -2.54
Dividend Payout % 0% 32% 29% 27% 26% 28% 22% 0% 0% 0% 24% 19%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 11%
TTM: -3%
Compounded Profit Growth
10 Years: 1%
5 Years: 40%
3 Years: 110%
TTM: -106%
Stock Price CAGR
10 Years: 9%
5 Years: 13%
3 Years: 26%
1 Year: 28%
Return on Equity
10 Years: 10%
5 Years: 6%
3 Years: 12%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 23 23 23 23 23 24 24 24 24 24 24 47 47
Reserves 226 271 341 410 601 685 959 827 714 768 1,012 1,270 1,245
Preference Capital 0 0 0 10 0 0 0 0 0 0 0 0
1,364 1,386 1,296 1,292 1,398 1,464 1,520 1,441 1,164 926 1,103 1,157 1,377
175 243 289 315 262 293 293 321 312 351 435 416 416
Total Liabilities 1,788 1,923 1,949 2,040 2,285 2,466 2,795 2,612 2,214 2,069 2,574 2,890 3,085
859 1,044 1,007 1,035 1,100 1,175 1,099 1,150 1,027 921 943 1,115 1,486
CWIP 251 12 14 126 37 15 39 5 7 7 143 183 28
Investments 21 55 71 91 180 185 465 325 91 122 126 124 161
657 812 856 788 968 1,090 1,191 1,133 1,088 1,018 1,361 1,468 1,411
Total Assets 1,788 1,923 1,949 2,040 2,285 2,466 2,795 2,612 2,214 2,069 2,574 2,890 3,085

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
307 230 348 438 339 222 166 263 231 320 210 89
-317 -125 -95 -276 -124 -154 -61 -58 150 7 -318 -239
5 -105 -253 -161 -215 -68 -97 -205 -390 -326 111 147
Net Cash Flow -5 0 0 0 0 0 8 -0 -9 1 3 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 33 31 30 24 46 46 54 56 45 59 51 44
Inventory Days 87 99 78 81 96 117 113 89 120 126 87 107
Days Payable 11 15 13 18 11 17 16 21 26 39 28 21
Cash Conversion Cycle 108 115 96 87 131 146 151 124 139 147 110 129
Working Capital Days 69 66 55 45 72 77 101 83 92 109 88 103
ROCE % 3% 16% 18% 14% 15% 11% 6% 3% 4% 4% 18% 8%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.16% 53.16% 53.16% 53.16% 53.16% 53.16% 53.15% 53.15% 55.54% 55.69% 55.69% 55.69%
0.32% 0.38% 2.02% 3.15% 3.63% 2.87% 1.49% 1.36% 1.66% 1.80% 1.84% 2.00%
0.19% 0.35% 0.14% 0.14% 0.14% 0.14% 0.15% 0.14% 0.07% 0.07% 0.07% 0.08%
0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.20% 0.20% 0.20% 0.20%
45.92% 45.70% 44.27% 43.14% 42.66% 43.42% 44.81% 44.91% 42.53% 42.23% 42.19% 42.03%
No. of Shareholders 13,44113,80916,02721,63422,48022,73529,36531,87633,50532,85633,54633,461

* 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.

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