Sri Ramakrishna Mills (Coimbatore) Ltd - Stock Valuation and Financial Performance

BSE: 521178 | NSE: | Textile - Spinning | Small Cap

Sri Ramakrishna Mill Share Price

48.60 2.15 4.63%
as on 25-Apr'24 16:01

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Sri Ramakrishna Mills (Coimbatore) stock performance -

mw4me loader
P/E Ratio (SA):
5.10
Market Cap:
33.1 Cr.
52-wk low:
18
52-wk high:
51.5

Is Sri Ramakrishna Mills (Coimbatore) Ltd an attractive stock to invest in?

1. Is Sri Ramakrishna Mills (Coimbatore) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sri Ramakrishna Mills (Coimbatore) Ltd is a average quality company.

2. Is Sri Ramakrishna Mills (Coimbatore) Ltd undervalued or overvalued?

The key valuation ratios of Sri Ramakrishna Mills (Coimbatore) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sri Ramakrishna Mills (Coimbatore) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sri Ramakrishna Mills (Coimbatore) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sri Ramakrishna Mill:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sri Ramakrishna Mills (Coimbatore) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -6.6%-7.5%-9.6%-4.2%-8.1%17.1%19.3%7.8%9%5.4%-
Value Creation
Index
-1.5-1.5-1.7-1.3NA0.20.4-0.4-0.4-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 17.316.318.610.913.327.131.42144.139.551
Sales YoY Gr.--6.1%14.5%-41.6%22.5%103.1%16%-33%109.4%-10.3%-
Adj EPS -7.3-8.9-8.3-5-6.458.30.92.40.49.1
YoY Gr.-NANANANANA67.3%-89.6%180.5%-84%-
BVPS (₹) 12.87.60.17-0.34.812.513.416.416.822.8
Adj Net
Profit
-5.2-6.4-5.9-3.6-4.63.65.90.61.70.36
Cash Flow from Ops. 4-5.37.8-2.91.9-0.6-0.45.65.910.1-
Debt/CF from Ops. 6.3-6.23.4-10.816.2-56.8-98.76.15.73.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.6%24.3%8%-10.3%
Adj EPS NANA-64%-84%
BVPS3%NA10.3%2.8%
Share Price 9.6% 28.1% 56.6% 128.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-28.7-45.3-63.3-61-191.322496.36.716.42.446
Op. Profit
Mgn %
-10.9-17.6-13.9-36.8-33.938.545.326.112.810.222.1
Net Profit
Mgn %
-30.1-39.1-31.8-32.7-34.213.118.933.90.712.8
Debt to
Equity
2.86.1569.46.3-130.79.843.62.92.8-
Working Cap
Days
6938017231,182885519560865424438145
Cash Conv.
Cycle
2303563426445802672554702652977

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 45.90%

Debt to equity has declined versus last 3 years average to 2.78

Sales growth is good in last 4 quarters at 42.90%

Sales growth has been subdued in last 3 years 7.96%

Net Profit has been subdued in last 3 years -63.96%

Latest Financials - Sri Ramakrishna Mills (Coimbatore) Ltd.

Standalone Consolidated
TTM EPS (₹) 9.1 2.7
TTM Sales (₹ Cr.) 50.6 41.6
BVPS (₹.) 22.8 0
Reserves (₹ Cr.) 9 4
P/BV 2.04 0.00
PE 5.10 16.93
From the Market
52 Week Low / High (₹) 18.00 / 51.50
All Time Low / High (₹) 6.77 / 199.95
Market Cap (₹ Cr.) 33.1
Equity (₹ Cr.) 7.1
Face Value (₹) 10
Industry PE 32

Management X-Ray of Sri Ramakrishna Mill:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sri Ramakrishna Mill

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales17.3116.2618.6210.8813.3327.0731.4021.0444.0639.51
Operating Expenses 19.1819.1921.2014.8917.8516.6417.6415.5538.4135.46
Manufacturing Costs4.495.304.782.883.222.733.933.585.925.66
Material Costs9.827.8311.237.529.368.707.706.5323.9124.25
Employee Cost 3.834.923.903.233.583.414.173.966.893.98
Other Costs 1.051.141.291.261.691.801.841.481.691.57
Operating Profit -1.88-2.94-2.58-4-4.5210.4313.765.505.654.04
Operating Profit Margin (%) -10.9%-18.1%-13.9%-36.8%-33.9%38.5%43.8%26.1%12.8%10.2%
Other Income 1.770.191.162.691.490.370.710.620.950.38
Interest 3.234.493.1232.623.152.704.013.203.13
Depreciation 1.021.230.800.640.390.350.280.250.280.89
Exceptional Items 0.866.8204.9800.14-0.230.050.350
Profit Before Tax -3.50-1.64-5.350.03-6.047.4511.261.913.470.40
Tax 000-0.02-2.203.805.811.251.170.12
Profit After Tax -3.50-1.64-5.350.04-3.843.655.450.662.300.28
PAT Margin (%) -20.2%-10.1%-28.7%0.4%-28.8%13.5%17.4%3.1%5.2%0.7%
Adjusted EPS (₹)-4.9-2.3-7.50.1-5.45.17.70.93.20.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 16.1012.036.685-0.243.408.919.5011.6411.96
Share Capital 7.127.127.127.127.127.127.127.127.127.12
Reserves 8.984.91-0.44-2.12-7.36-3.721.802.384.524.85
Minority Interest0000000000
Debt20.8031.1224.9330.1529.3132.4734.7932.6132.4632.21
Long Term Debt8.2521.3717.6918.2015.5612.619.978.454.612.53
Short Term Debt12.559.757.2411.9513.7619.8624.8224.1627.8529.69
Trade Payables5.123.955.534.415.453.332.123.803.644.55
Others Liabilities 5.772.838.465.273.8514.548.159.858.886.69
Total Liabilities 47.7849.9245.6044.8338.3753.7353.9755.7756.6255.41

Fixed Assets

Gross Block51.3847.8444.868.925.966.686.376.236.8711.48
Accumulated Depreciation37.0537.2835.130.08-2.261.271.341.511.642.53
Net Fixed Assets14.3310.569.738.848.215.405.034.725.238.96
CWIP 000000000.072.99
Investments 0.020.020.020.030.010.010000
Inventories13.6422.3118.9623.4323.4126.8926.9833.8937.9034.95
Trade Receivables1.561.441.521.821.3400.070.120.230.21
Cash Equivalents 0.590.810.650.680.760.660.220.040.030.01
Others Assets17.6514.7814.7310.034.6420.7821.681713.168.30
Total Assets 47.7849.9245.6044.8338.3753.7353.9755.7756.6255.41

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4-5.317.77-2.901.91-0.58-0.365.585.9310.05
PBT -3.50-1.64-5.350.03-6.047.4511.261.913.470.40
Adjustment 2.265.122.60-2.071.632.822.813.852.753.72
Changes in Working Capital 6.42-1.9210.69-0.896.33-10.86-14.3-0.1-0.076.02
Tax Paid -0.08-0.04-0.170.02-0.010.01-0.13-0.08-0.22-0.09
Cash Flow From Investing Activity 3.68-0.760.990.321.400.390.800.41-2.90-6.29
Capex 3.54-0.940.850.211.260.04-0.140.06-3.23-6.59
Net Investments -0.0100-0.01-0.030.070.6400.010
Others 0.150.170.140.120.170.270.300.350.320.30
Cash Flow From Financing Activity -7.866.29-8.932.56-3.270.17-0.25-6.18-3.03-3.79
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3.1613.12-3.683.17-2.65-2.95-2.64-1.52-3.83-2.09
Interest Paid -2.99-4.03-2.74-2.66-2.43-2.98-2.58-4-3.14-3.14
Dividend Paid 0000000000
Others -1.71-2.80-2.512.051.816.104.96-0.663.951.44
Net Cash Flow -0.180.22-0.16-0.020.03-0.030.19-0.18-0.01-0.02
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-32.14-22.63-196.571.76N/A230.3488.577.1521.752.36
ROCE (%)-0.727.82-6.879.6N/A31.4934.4413.4915.017.78
Asset Turnover Ratio0.350.330.390.240.320.590.580.380.780.71
PAT to CFO Conversion(x)N/AN/AN/A-72.5N/A-0.16-0.078.452.5835.89
Working Capital Days
Receivable Days653429564301212
Inventory Days270404405711641339313528297337
Payable Days2222111542411921841291665762

Sri Ramakrishna Mills (Coimbatore) Ltd Stock News

Sri Ramakrishna Mills (Coimbatore) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sri Ramakrishna Mill on 25-Apr-2024 16:01 is ₹48.60.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Apr-2024 16:01 the market cap of Sri Ramakrishna Mill stood at ₹33.06.
The latest P/E ratio of Sri Ramakrishna Mill as of 25-Apr-2024 16:01 is 5.10.
The latest P/B ratio of Sri Ramakrishna Mill as of 25-Apr-2024 16:01 is 2.04.
The 52-week high of Sri Ramakrishna Mill is ₹51.50 and the 52-week low is ₹18.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sri Ramakrishna Mill is ₹50.57 ( Cr.) .

About Sri Ramakrishna Mills (Coimbatore) Ltd

Sri Ramakrishna Mills (Coimbatore) (SRML) was incorporated in 1946 as a public limited company. SRML started commercial operation in 1951 at the Ganapathy unit in Tamil Nadu.

In 1984, the company has started a second unit at Nagari, Andhra Pradesh and later a third unit at Sathyamangalam, Tamil Nadu. It is a member of the South India Textile Research Association.

The registered office of the company is situated at No 3 Bhavani River Street, Ariappampalayam, Sathyamangalam Coimbatore, Tamil Nadu- 638402.

Business area of the company

The company is mainly engaged into the manufacturing of cotton yarn and synthetic staple fibre.

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