Refnol Resins & Chemicals Ltd(Merged)

Refnol Resins Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Refnol Resins & Chemicals Ltd(Merged)

₹ 103 -1.58%
10 Oct 2023
refnol.com
About

Incorporated in 1980, Refnol Resins & Chemicals Ltd manufactures and markets resins and chemicals[1]

Key Points

Product Profile:[1]
a) Textile Sizing Chemicals: Used for sizing of warp yarns, these chemicals find applications in textile weaving industry
b) Polyester Resins: Saturated polyester resins, Unsaturated polyester resins and Vinyl Ester resins
c) Garment Wet Processing Chemicals: Special textile enzyme formulations to softeners, wetting agents, anti-backstain agents, etc.
d) Textile Auxiliaries: Used in different stages of the fabric manufacturing process including pretreatment, finishing and specialties
e) Laundry & Cleaning Chemicals: Used in commercial laundries & dry cleaners and for house-keeping, kitchen hygiene and building maintenance applications

Website
  • Market Cap ₹ 31.8 Cr.
  • Current Price ₹ 103
  • High / Low ₹ /
  • Stock P/E 118
  • Book Value ₹ 41.8
  • Dividend Yield 0.00 %
  • ROCE 5.84 %
  • ROE 2.18 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 65.3 days to 50.5 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.36% over past five years.
  • Company has a low return on equity of -0.59% over last 3 years.

* 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
2.75 4.56 5.37 6.34 6.50 7.67 9.52 11.12 10.35 8.73 9.04 9.93 9.99
2.62 4.13 4.89 6.46 6.27 7.57 9.43 10.41 9.95 8.54 8.49 9.46 9.60
Operating Profit 0.13 0.43 0.48 -0.12 0.23 0.10 0.09 0.71 0.40 0.19 0.55 0.47 0.39
OPM % 4.73% 9.43% 8.94% -1.89% 3.54% 1.30% 0.95% 6.38% 3.86% 2.18% 6.08% 4.73% 3.90%
0.02 0.03 0.02 0.07 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.02 0.01
Interest 0.18 0.23 0.30 0.25 0.23 0.22 0.21 0.16 0.19 0.16 0.20 0.26 0.20
Depreciation 0.12 0.12 0.11 0.10 0.11 0.11 0.13 0.12 0.13 0.13 0.14 0.13 0.14
Profit before tax -0.15 0.11 0.09 -0.40 -0.11 -0.22 -0.23 0.44 0.08 -0.10 0.21 0.10 0.06
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.09% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.14 0.11 0.09 -0.40 -0.11 -0.23 -0.23 0.40 0.08 -0.11 0.21 0.10 0.07
EPS in Rs -0.45 0.35 0.29 -1.29 -0.35 -0.74 -0.74 1.29 0.26 -0.35 0.68 0.32 0.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
18.87 19.00 15.71 20.28 22.65 24.25 27.95 31.56 26.02 19.02 34.81 38.05 37.69
19.54 18.69 15.76 19.81 20.98 22.68 26.78 29.38 24.46 18.10 33.69 36.44 36.09
Operating Profit -0.67 0.31 -0.05 0.47 1.67 1.57 1.17 2.18 1.56 0.92 1.12 1.61 1.60
OPM % -3.55% 1.63% -0.32% 2.32% 7.37% 6.47% 4.19% 6.91% 6.00% 4.84% 3.22% 4.23% 4.25%
0.05 0.09 -0.54 0.12 0.12 0.63 0.62 0.37 0.40 0.15 0.04 0.03 0.03
Interest 1.46 1.25 1.10 0.95 0.83 0.91 0.99 1.17 0.94 0.96 0.81 0.82 0.82
Depreciation 0.15 0.15 0.16 0.08 0.09 0.44 0.46 0.51 0.45 0.45 0.48 0.54 0.54
Profit before tax -2.23 -1.00 -1.85 -0.44 0.87 0.85 0.34 0.87 0.57 -0.34 -0.13 0.28 0.27
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 11.76% 23.53% 0.00% 15.79% 0.00% 30.77% 0.00%
-2.24 -1.00 -1.85 -0.43 0.87 0.75 0.26 0.87 0.48 -0.34 -0.17 0.28 0.27
EPS in Rs -7.23 -3.23 -5.97 -1.39 2.81 2.42 0.84 2.81 1.55 -1.10 -0.55 0.90 0.88
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 38.05% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 14%
TTM: -3%
Compounded Profit Growth
10 Years: 9%
5 Years: 1%
3 Years: -16%
TTM: 1250%
Stock Price CAGR
10 Years: 31%
5 Years: 36%
3 Years: 37%
1 Year: %
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: -1%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 3.31 3.31 3.31 3.31 3.31 3.31 3.31 3.31 3.31 3.31 3.31 3.31
Reserves 1.68 0.44 -1.65 -2.30 -1.58 8.62 8.93 9.79 9.88 9.62 9.45 9.65
4.62 5.24 4.66 4.35 4.58 4.91 5.83 5.76 6.26 5.82 5.74 6.23
7.28 6.52 9.54 10.53 10.54 10.31 11.15 10.53 8.95 9.02 13.68 12.25
Total Liabilities 16.89 15.51 15.86 15.89 16.85 27.15 29.22 29.39 28.40 27.77 32.18 31.44
5.94 5.82 5.40 5.13 4.99 15.26 15.13 14.96 15.22 14.82 15.18 15.19
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.48 0.00 0.00 0.00 0.40
Investments 0.89 0.89 0.89 0.89 0.89 0.89 0.89 0.89 0.89 0.89 0.89 0.89
10.06 8.80 9.57 9.87 10.97 11.00 13.20 13.06 12.29 12.06 16.11 14.96
Total Assets 16.89 15.51 15.86 15.89 16.85 27.15 29.22 29.39 28.40 27.77 32.18 31.44

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.13 0.49 1.67 1.47 0.72 0.21 0.27 2.02 0.67 1.36 1.47 1.43
0.03 -0.20 0.01 0.04 -0.08 0.36 -0.08 -0.62 0.07 0.01 -0.81 -0.92
-0.22 -0.64 -1.86 -1.30 -0.63 -0.68 -0.05 -1.24 -0.68 -1.45 -0.91 -0.27
Net Cash Flow -0.06 -0.35 -0.18 0.21 0.01 -0.10 0.14 0.16 0.06 -0.08 -0.25 0.24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 87.24 82.22 115.01 88.37 96.21 97.84 103.56 75.29 90.90 125.89 98.04 86.91
Inventory Days 99.57 85.53 99.58 82.91 91.90 64.90 56.15 58.09 70.91 94.12 73.40 63.48
Days Payable 113.93 96.50 114.06 119.21 131.91 110.47 119.90 101.79 88.63 148.53 116.13 104.29
Cash Conversion Cycle 72.88 71.26 100.52 52.08 56.20 52.27 39.82 31.59 73.17 71.48 55.31 46.11
Working Capital Days 74.08 70.50 94.79 60.65 74.93 51.48 45.31 33.42 66.91 93.26 52.11 50.46
ROCE % -6.75% 2.90% -1.96% 8.73% 29.13% 15.21% 7.62% 11.05% 7.88% 3.25% 3.65% 5.84%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
53.58% 53.58% 53.58% 53.58% 53.58% 53.58% 53.58% 53.58% 53.58% 53.58% 53.58% 53.58%
46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.41% 46.43% 46.42%
No. of Shareholders 1,3071,3081,4131,4891,5361,5621,5811,7101,6581,6361,6051,638

Documents

Annual reports