RSWM Ltd

₹ 398 1.16%
16 Aug 11:38 a.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

Products
The co primarily produces different varieties of yarns like synthetic, blended, mélange, cotton, speciality and value added yarns suitable for suitings, shirtings, hosiery, carpet, denim, technical textiles and industrial applications and denim fabric, synthetic fabric for renowned brands. [1]

  • Market Cap 938 Cr.
  • Current Price 398
  • High / Low 574 / 284
  • Stock P/E 3.34
  • Book Value 440
  • Dividend Yield 6.27 %
  • ROCE 18.2 %
  • ROE 26.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.91 times its book value
  • Stock is providing a good dividend yield of 6.26%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.7% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 5.03% over past five years.
  • Company has a low return on equity of 9.43% for last 3 years.
  • Company might be capitalizing the interest cost

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
701 697 761 612 216 554 721 836 742 953 1,001 1,121 1,024
664 653 707 566 266 533 629 726 661 849 886 990 914
Operating Profit 37 44 54 46 -50 20 92 110 81 104 116 131 109
OPM % 5% 6% 7% 7% -23% 4% 13% 13% 11% 11% 12% 12% 11%
22 13 6 5 4 9 7 24 8 9 7 14 35
Interest 30 28 26 24 24 22 19 19 18 17 15 17 19
Depreciation 33 33 33 32 32 32 31 32 31 29 26 27 27
Profit before tax -3 -4 1 -6 -102 -25 48 83 40 68 81 101 99
Tax % -182% 105% 38% 18% 35% 41% 36% 14% 7% 34% 37% -12% 28%
Net Profit -9 0 1 -5 -66 -15 31 71 37 45 52 113 71
EPS in Rs -3.96 0.09 0.37 -2.19 -28.07 -6.37 12.98 30.31 15.67 19.00 21.94 47.93 30.30

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,120 2,123 2,637 3,111 2,983 2,933 2,987 2,940 2,962 2,771 2,326 3,817 4,099
1,775 1,991 2,284 2,724 2,637 2,535 2,660 2,713 2,798 2,587 2,151 3,385 3,639
Operating Profit 345 132 353 387 346 398 326 227 164 184 175 432 460
OPM % 16% 6% 13% 12% 12% 14% 11% 8% 6% 7% 8% 11% 11%
29 19 2 27 32 30 35 43 32 43 39 38 66
Interest 88 117 133 136 125 126 110 117 120 109 83 68 68
Depreciation 90 98 115 118 135 149 132 124 124 132 128 113 109
Profit before tax 196 -64 107 160 117 153 118 28 -47 -13 3 290 349
Tax % 30% 16% 31% 36% 27% 27% 12% 25% 19% -7% -499% 15%
Net Profit 134 -43 72 101 86 112 104 21 -38 -13 21 246 281
EPS in Rs 57.90 -18.49 31.04 43.58 37.38 48.58 44.20 8.91 -16.26 -5.70 8.84 104.55 119.17
Dividend Payout % 26% 0% 32% 29% 27% 26% 28% 22% 0% 0% 0% 24%
Compounded Sales Growth
10 Years: 6%
5 Years: 5%
3 Years: 9%
TTM: 44%
Compounded Profit Growth
10 Years: 23%
5 Years: 19%
3 Years: 94%
TTM: 127%
Stock Price CAGR
10 Years: 16%
5 Years: 3%
3 Years: 51%
1 Year: 18%
Return on Equity
10 Years: 11%
5 Years: 5%
3 Years: 9%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
23 23 23 23 33 23 24 24 24 24 24 24
Reserves 271 226 271 341 410 601 685 959 827 714 768 1,012
1,229 1,364 1,386 1,296 1,292 1,398 1,464 1,520 1,441 1,164 926 1,103
242 175 243 289 315 262 293 293 321 312 351 435
Total Liabilities 1,765 1,788 1,923 1,949 2,040 2,285 2,466 2,795 2,612 2,214 2,069 2,574
889 859 1,044 1,007 1,035 1,100 1,175 1,099 1,150 1,027 921 943
CWIP 5 251 12 14 126 37 15 39 5 7 7 143
Investments 18 21 55 71 91 180 185 465 325 91 122 126
852 657 812 856 788 968 1,090 1,191 1,133 1,088 1,018 1,361
Total Assets 1,765 1,788 1,923 1,949 2,040 2,285 2,466 2,795 2,612 2,214 2,069 2,574

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
157 307 230 348 438 339 222 166 263 231 320 210
-116 -317 -125 -95 -276 -124 -154 -61 -58 150 7 -318
-40 5 -105 -253 -161 -215 -68 -97 -205 -390 -326 111
Net Cash Flow 1 -5 0 0 0 0 0 8 -0 -9 1 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 37 33 31 30 24 46 46 54 56 45 59 51
Inventory Days 148 87 99 78 81 96 117 113 89 120 126 87
Days Payable 24 11 15 13 18 11 17 16 21 26 39 28
Cash Conversion Cycle 160 108 115 96 87 131 146 151 124 139 147 110
Working Capital Days 91 69 66 55 45 72 77 101 83 92 109 88
ROCE % 20% 3% 16% 18% 14% 15% 11% 6% 3% 4% 4% 18%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
53.16 53.16 53.16 53.16 53.16 53.16 53.16 53.16 53.16 53.16 53.16 53.16
2.30 0.59 0.59 0.51 0.51 0.38 0.32 0.38 2.02 3.15 3.63 2.87
6.65 2.43 1.39 0.94 0.63 0.21 0.19 0.35 0.14 0.14 0.14 0.14
0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41
37.48 43.41 44.45 44.98 45.29 45.84 45.92 45.70 44.27 43.14 42.66 43.42

Documents

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