The Ruby Mills Ltd - Stock Valuation and Financial Performance

BSE: 503169 | NSE: RUBYMILLS | Textile | Small Cap

Ruby Mills Share Price

182.05 -0.90 -0.49%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ruby Mills

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

The Ruby Mills stock performance -

mw4me loader
P/E Ratio (SA):
15.64
Market Cap:
617.5 Cr.
52-wk low:
137
52-wk high:
269.6

Is The Ruby Mills Ltd an attractive stock to invest in?

1. Is The Ruby Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Ruby Mills Ltd is a average quality company.

2. Is The Ruby Mills Ltd undervalued or overvalued?

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

3. Is The Ruby Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The Ruby Mills 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 Ruby Mills:

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.
The Ruby Mills 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 % 6.8%7.4%6%5.3%5.1%2.9%3.5%3%4.4%4.7%-
Value Creation
Index
-0.5-0.5-0.6-0.6-0.6-0.8-0.8-0.8-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 188198213202199193183123199260240
Sales YoY Gr.-5.4%7.5%-5.1%-1.2%-3.3%-5%-32.6%61.4%30.4%-
Adj EPS 13.515.911.910.110.15.37.86.29.310.411.8
YoY Gr.-17.8%-25.4%-15%0.4%-48.2%48.6%-20.8%50.2%11.5%-
BVPS (₹) 83.698.6110.1121.5131.1135.3141.5149.3158.3167.4174.6
Adj Net
Profit
45.253.239.733.833.917.626.120.73134.639
Cash Flow from Ops. 1729.338.235.448.66.315.717.794.2125-
Debt/CF from Ops. 3.455.511.111.57.961.224.922.331.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.7%5.4%12.4%30.4%
Adj EPS -2.9%0.4%9.9%11.5%
BVPS8%5%5.8%5.7%
Share Price 13.5% 5.1% 29.5% 26.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.517.511.48.783.95.64.366.46.9
Op. Profit
Mgn %
28.629.331.228.427.320.824.631.127.519.921.2
Net Profit
Mgn %
24.126.918.716.7179.114.216.815.613.316.4
Debt to
Equity
2.11.61.210.90.90.80.80.50.4-
Working Cap
Days
1,6351,5791,4421,4491,4511,5141,6822,5671,5611,109210
Cash Conv.
Cycle
7466413443536368364784

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.90%

Sales growth is growing at healthy rate in last 3 years 12.35%

Debt to equity has declined versus last 3 years average to 0.43

Net Profit has been subdued in last 3 years 9.89%

Sales growth is not so good in last 4 quarters at -4.59%

Latest Financials - The Ruby Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 11.8 -
TTM Sales (₹ Cr.) 240 -
BVPS (₹.) 174.6 -
Reserves (₹ Cr.) 567 -
P/BV 1.06 -
PE 15.64 -
From the Market
52 Week Low / High (₹) 137.00 / 269.55
All Time Low / High (₹) 7.98 / 368.90
Market Cap (₹ Cr.) 617
Equity (₹ Cr.) 16.7
Face Value (₹) 5
Industry PE 27.9

Management X-Ray of Ruby Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.02
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ruby Mills

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
Sales188198213202199193183123199260
Operating Expenses 13514014614514515313885144208
Manufacturing Costs58606160596155265273
Material Costs46465150445246356090
Employee Cost 16171819222223141925
Other Costs 15161615201914111320
Operating Profit 53586657544045385552
Operating Profit Margin (%) 28.1%29.3%31.1%28.3%27.3%20.8%24.6%31.1%27.5%19.9%
Other Income 3942171798101015
Interest 1915131211958104
Depreciation 23192015151412899
Exceptional Items 0000000000
Profit Before Tax 51665046372538323744
Tax 612992710668
Profit After Tax 45544137351828263135
PAT Margin (%) 23.9%27.3%19.2%18.5%17.6%9.2%15.1%21.0%15.6%13.6%
Adjusted EPS (₹)13.416.112.211.210.55.38.37.79.310.5
Dividend Payout Ratio (%)4%4%5%8%8%16%11%5%16%12%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 280330368406438453473499529560
Share Capital 44888888817
Reserves 275326360398430444465491521543
Minority Interest0000000000
Debt360359360351337372379382258220
Long Term Debt334293315295275335321326225207
Short Term Debt26664556623759563312
Trade Payables19202925241720182625
Others Liabilities 387345245190178146157148153157
Total Liabilities 1,0461,0531,0029729789881,0301,048966961

Fixed Assets

Gross Block340342340140142142145103151159
Accumulated Depreciation17119120815304456566471
Net Fixed Assets1701511321251129889478889
CWIP 293032333435373766
Investments 00000012900
Inventories42403840413744313651
Trade Receivables24171914181513151724
Cash Equivalents 352524372931471085
Others Assets778811756736736774803861808706
Total Assets 1,0461,0531,0029729789881,0301,048966961

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 17293835496161894125
PBT 51665046372538323744
Adjustment 34252519181988159
Changes in Working Capital 92-72-31-183-30-24-154681
Tax Paid -5-9-6-11-9-8-6-8-4-8
Cash Flow From Investing Activity 475-90-2-11121-1
Capex -30-1-9-1-1-4-1-14-7
Net Investments 000-10-3-82345
Others 7861111011
Cash Flow From Financing Activity -183-15-23-27-41-11-5-4-127-47
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -152-41220000000
Interest Paid -18-12-19-11-8-9-4-8-10-3
Dividend Paid -2-2-50-4-4-70-1-5
Others -1140-21-16-30164-116-39
Net Cash Flow -8221-17-7015-1278
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.3917.711.699.668.3245.985.326.046.47
ROCE (%)8.119.467.697.315.824.175.064.565.475.95
Asset Turnover Ratio0.180.190.210.20.20.20.180.120.20.27
PAT to CFO Conversion(x)3.820.170.930.951.40.330.570.693.033.57
Working Capital Days
Receivable Days42373029293128433029
Inventory Days747567717473811126262
Payable Days137154173196205147147201135104

The Ruby Mills Ltd Stock News

The Ruby Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ruby Mills on 28-Mar-2024 16:01 is ₹182.1.
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 28-Mar-2024 16:01 the market cap of Ruby Mills stood at ₹617.5.
The latest P/E ratio of Ruby Mills as of 28-Mar-2024 16:01 is 15.64.
The latest P/B ratio of Ruby Mills as of 28-Mar-2024 16:01 is 1.06.
The 52-week high of Ruby Mills is ₹269.6 and the 52-week low is ₹137.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ruby Mills is ₹240.5 ( Cr.) .

About The Ruby Mills Ltd

Ruby Mills, incorporated in the year, 1917 as a composite textile mill, mainly manufacturing Cottons. The management of the unit was taken over by the late C N Shah in 1946 and thereafter the mill has been regularly progressing and manufacturing a wide range of products. From 1959 onwards the management has been under the dynamic leadership of the Chairman and Managing Director, M C Shah and has made tremendous progress by way of its product range, quality and performance.

The Ruby Mills has two plants located at Dadar in Central Bombay and Dhamni on Bombay-Pune Highway.

The comapny's Dadar unit is a highly modernised composite textile mill in Bombay. This plant is involved in spinning, weaving, processing and printing of textile fabrics. The company's installed capacity comprises of 22,000 spindles and 40,000 Mts. of woven fabrics & 8 tons of Tubular Knitted Fabrics.

The Dhamni Unit is located 70 km South East of Bombay, has advantages in terms of easy accessibility, availability of transportation of raw materials and finished goods, well established communication facilitiesand availability of adequate semi-skilled labour force.

Since 1996, Ruby Mills,is manufacturing Micro Dot Fusible Interlining & Basic Interlining, in Technical Collaboration with Gygli Textil Ag, Switzerland.The Company has been in operation since 1921 with an Annual Income of Rs. 680 million.

A modern Research & Development Laboratory fully equipped with the latest quality control equipment and recognised by the Government of India supports these manufacturing activities.

Ruby Mills, has forward integration into Processed Knit Fabrics in Tubular form. The company is equipped with imported Sclavos Soft Flow High Temperature/Low Temperature Dying machines, Spereto Rhymer Tubular Merceriser, Sentex Balloon Padder, Relax Dryer and Spereto Rhymer Tubular Compacting machines to produce knitted fabrics that meet the most exacting International Standard with regard to Dimensional Stability (Shrinkage) and Colour Fastness.

Products range of the company includes:

  • Cotton & Blended Yarns
  • Custom made fabrics from various Manmade & Natural fibers like Cotton, Linen, Viscose, Lyocell, Modal, Polynosic & the blends of the same for shirting, suiting & dress materials. Micro Polyester and it's blends for various end applications.
  • 100% Cotton Knitted Fabric
  • Basic and Micro Dot coated Interlining 
  • Eco Friendly Textiles
  • Fabrics with following Special Finishes : Silicone, Anti-Fungal, Anti-Bacterial, Water Repellent & Stain Repellent 

The company has been exporting fabrics and yarn mainly to USA, Europe and UK, and its products are well accepted in the export markets.

Achievements/ recognition:

  • Gold Star (Spain) 1990
  • Euro Market Award (Brussels) 1992 & 1993
  • International Europe Award for quality 1993
  • Ranked amongst India's top 200 companies by Coper's mow, for the Dalal Street Journal's, Corporate Excellence Awards 1993. Honourable Finance Minister Shri Manmohan Singh in October 1993 & 1994 presented the award.
  • Ranked amongst India's Most Valuable Companies by Business Today in their Survey for 1995 - 1996.
  • Ruby has also been conferred the 21st International Award for the best trade name 1996 by Trade Leaders Club - Madrid for the 'Best Trade Name' and for 'Best Brand Image' in the business field.
  • The company has also been placed on the CHARTERED LIST of Customers by ICI, UK giving it access to technology and development through worldwide research in textile processing.
  • Ranked amongst INDIA’S TOP 500 COMPANIES 1999 by Dun and Bradstreet.
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