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 397
  • Book Value ₹ 64.7
  • Dividend Yield 0.00 %
  • ROCE 1.69 %
  • ROE -2.54 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 109 to 82.8 days.
  • Company's working capital requirements have reduced from 39.5 days to 28.3 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.13% over past five years.
  • Company has a low return on equity of -2.88% 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

Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
5.54 7.52 8.79 9.91 10.37 11.49 13.85 14.71 16.60 14.08 17.08 16.74 18.64
5.48 7.17 8.60 9.82 10.16 11.51 13.54 14.18 16.53 14.27 16.41 16.27 18.00
Operating Profit 0.06 0.35 0.19 0.09 0.21 -0.02 0.31 0.53 0.07 -0.19 0.67 0.47 0.64
OPM % 1.08% 4.65% 2.16% 0.91% 2.03% -0.17% 2.24% 3.60% 0.42% -1.35% 3.92% 2.81% 3.43%
0.02 0.03 0.02 0.08 0.00 0.04 0.02 0.01 0.00 0.00 0.00 0.07 0.01
Interest 0.19 0.25 0.31 0.25 0.24 0.23 0.22 0.18 0.22 0.19 0.26 0.29 0.25
Depreciation 0.17 0.16 0.17 0.15 0.17 0.12 0.16 0.15 0.15 0.13 0.14 0.17 0.15
Profit before tax -0.28 -0.03 -0.27 -0.23 -0.20 -0.33 -0.05 0.21 -0.30 -0.51 0.27 0.08 0.25
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 19.05% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.28 -0.03 -0.27 -0.23 -0.19 -0.33 -0.05 0.17 -0.30 -0.52 0.27 0.08 0.25
EPS in Rs -0.90 -0.10 -0.87 -0.74 -0.61 -1.06 -0.16 0.55 -0.97 -1.68 0.87 0.26 0.81
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
29.06 32.39 30.79 37.28 38.22 37.76 43.64 47.96 43.07 31.77 50.42 64.50 66.54
29.16 31.34 29.88 35.38 35.12 35.28 42.94 45.52 40.73 31.08 49.38 63.49 64.95
Operating Profit -0.10 1.05 0.91 1.90 3.10 2.48 0.70 2.44 2.34 0.69 1.04 1.01 1.59
OPM % -0.34% 3.24% 2.96% 5.10% 8.11% 6.57% 1.60% 5.09% 5.43% 2.17% 2.06% 1.57% 2.39%
0.14 0.22 -0.45 0.25 0.57 0.06 0.16 0.38 0.08 0.15 0.07 0.08 0.08
Interest 1.62 1.45 1.43 1.45 1.30 1.23 1.27 1.42 1.10 1.00 0.87 0.96 0.99
Depreciation 0.35 0.47 0.49 0.38 0.26 0.66 0.66 0.77 0.65 0.64 0.60 0.60 0.59
Profit before tax -1.93 -0.65 -1.46 0.32 2.11 0.65 -1.07 0.63 0.67 -0.80 -0.36 -0.47 0.09
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 15.38% 7.48% 0.00% 13.43% 0.00% 11.11% 0.00%
-1.94 -0.65 -1.46 0.32 2.11 0.55 -1.15 0.63 0.58 -0.80 -0.40 -0.46 0.08
EPS in Rs -6.26 -2.10 -4.71 1.03 6.81 1.77 -3.71 2.03 1.87 -2.58 -1.29 -1.48 0.26
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 52.54% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 14%
TTM: 17%
Compounded Profit Growth
10 Years: 2%
5 Years: 9%
3 Years: %
TTM: 116%
Stock Price CAGR
10 Years: 21%
5 Years: 32%
3 Years: 9%
1 Year: %
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: -3%
Last Year: -3%

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
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 6.18 5.56 4.03 5.24 6.18 15.85 15.89 17.05 17.90 16.94 16.82 16.74
5.17 5.75 6.73 6.13 6.01 6.71 7.11 6.58 6.36 5.87 5.74 6.23
6.31 6.05 7.86 8.15 8.25 8.71 11.39 11.69 10.89 9.91 15.47 14.71
Total Liabilities 20.97 20.67 21.93 22.83 23.75 34.58 37.70 38.63 38.46 36.03 41.34 40.99
6.49 6.39 5.85 5.48 5.32 15.57 15.49 15.44 15.59 15.03 15.47 15.81
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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14.48 14.28 16.08 17.35 18.43 19.01 22.21 22.71 22.87 21.00 25.87 24.78
Total Assets 20.97 20.67 21.93 22.83 23.75 34.58 37.70 38.63 38.46 36.03 41.34 40.99

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
2.10 0.88 1.30 1.99 1.68 0.58 1.44 3.16 1.74 2.11 1.49 2.15
-0.11 -0.39 -0.10 0.04 0.22 -0.31 -0.48 -1.15 -0.24 -0.03 -0.98 -1.23
-1.99 -0.92 -0.59 -2.04 -1.40 -0.62 -0.85 -1.96 -1.56 -1.53 -1.00 -0.42
Net Cash Flow 0.00 -0.43 0.61 0.00 0.50 -0.36 0.11 0.05 -0.06 0.54 -0.49 0.50
Free Cash Flow 1.86 0.32 1.08 1.87 1.43 0.23 0.92 1.98 1.45 2.03 0.50 0.90
CFO/OP -2,100% 84% 143% 105% 54% 27% 213% 132% 77% 300% 145% 214%

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 89.43 88.35 104.56 95.07 99.80 113.58 116.17 98.10 115.17 135.45 107.65 82.85
Inventory Days 89.56 75.09 75.18 64.55 76.66 65.81 58.66 56.73 73.46 87.95 81.52 55.46
Days Payable 91.61 78.50 98.36 89.36 97.31 88.51 111.32 99.86 101.75 131.24 115.81 90.95
Cash Conversion Cycle 87.37 84.94 81.38 70.25 79.15 90.87 63.51 54.97 86.88 92.16 73.36 47.36
Working Capital Days 23.11 21.19 24.89 34.27 41.16 35.67 34.54 29.38 51.27 53.77 36.34 28.29
ROCE % 5.26% 3.97% 12.10% 22.60% 9.09% 0.77% 7.66% 6.49% 0.71% 1.81% 1.69%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Total Employees
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Total Production (Chemicals)
Metric Tonnes ・Standalone data
Electricity Consumption per Unit of Production
Kwh/Kg ・Standalone data
Installed Capacity
Metric Tonnes ・Standalone data

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