BSE: 530369 | NSE: | Rubber Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vamshi Rubber Ltd is a below average quality company.
The key valuation ratios of Vamshi Rubber Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vamshi Rubber Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.2% | 6.7% | 7.9% | 6.2% | 1.5% | 5.5% | 5.7% | -3.3% | 4.5% | 3.9% | - |
| Value Creation Index ⓘ | -0.4 | -0.5 | -0.4 | -0.6 | -0.9 | -0.6 | -0.6 | -1.2 | -0.7 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 75.3 | 66.8 | 66.2 | 54.4 | 75.2 | 83.5 | 55.7 | 58 | 69 | 79.9 | 75 |
| Sales YoY Gr. | - | -11.3% | -0.9% | -17.9% | 38.3% | 11.1% | -33.3% | 4.1% | 18.9% | 15.9% | - |
| Adj EPS ⓘ | 3.8 | 2.3 | 3.1 | 1.8 | -2.5 | 0.7 | 0.5 | -7 | 0.1 | -0.3 | 0.8 |
| YoY Gr. | - | -39.1% | 33.3% | -42.2% | -240.5% | NA | -28.8% | -1453.9% | NA | -585.7% | - |
| BVPS (₹) ⓘ | 34.6 | 33.9 | 35.8 | 37.5 | 35.4 | 36.2 | 37.1 | 30.1 | 30.2 | 30.7 | 31.6 |
| Adj Net Profit ⓘ | 1.6 | 1 | 1.3 | 0.8 | -1.1 | 0.3 | 0.2 | -3 | 0 | -0.1 | 0 |
| Cash Flow from Ops. ⓘ | -0.1 | 3.1 | 7.2 | 0.7 | 0.9 | 1.5 | 0.6 | -0.2 | -0.2 | 0.1 | - |
| Debt/CF from Ops. ⓘ | -181.2 | 5.7 | 2.9 | 29.1 | 26.5 | 15.1 | 45.2 | -166.9 | -119.2 | 306.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.7% | 1.2% | 12.8% | 15.9% | ||||
| Adj EPS ⓘ | -176.5% | NA | -186.8% | -585.7% | ||||
| BVPSⓘ | -1.3% | -2.8% | -6.1% | 1.5% | ||||
| Share Price | 4.3% | -0.3% | 12.9% | 8.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.4 | 6.7 | 8.8 | 4.9 | -6.9 | 2.1 | 1.4 | -21 | 0.2 | -1.1 | 2.5 |
| Op. Profit Mgn % ⓘ | 5.7 | 4.8 | 7.3 | 6.9 | 2 | 4.6 | 6.5 | -1.2 | 4.8 | 3.5 | 4.5 |
| Net Profit Mgn % ⓘ | 2.1 | 1.5 | 2 | 1.4 | -1.4 | 0.4 | 0.4 | -5.1 | 0 | -0.2 | 0.4 |
| Debt to Equity ⓘ | 1.1 | 1.2 | 1.4 | 1.2 | 1.6 | 1.5 | 1.6 | 2 | 1.8 | 1.6 | - |
| Working Cap Days ⓘ | 103 | 118 | 124 | 170 | 154 | 142 | 211 | 197 | 165 | 141 | 70 |
| Cash Conv. Cycle ⓘ | 74 | 88 | 93 | 129 | 117 | 109 | 166 | 160 | 125 | 101 | 8 |
Return on Equity has increased versus last 3 years average to 2.50%
Sales growth is growing at healthy rate in last 3 years 12.78%
Debt to equity has declined versus last 3 years average to 1.59
Net Profit has been subdued in last 3 years -186.79%
Sales growth is not so good in last 4 quarters at -8.21%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.8 | - |
| TTM Sales (₹ Cr.) | 75 | - |
| BVPS (₹.) ⓘ | 31.6 | - |
| Reserves (₹ Cr.) ⓘ | 9 | - |
| P/BV ⓘ | 0.82 | - |
| PE ⓘ | 33.97 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 21.00 / 42.05 |
| All Time Low / High (₹) | 0.98 / 77.00 |
| Market Cap (₹ Cr.) | 10.9 |
| Equity (₹ Cr.) | 4.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 34.5 |
| Pledged * | 31.18 | 31.18 | 31.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 75.32 | 66.83 | 66.21 | 54.38 | 75.20 | 83.54 | 55.72 | 58.02 | 68.99 | 79.94 |
| Operating Expenses ⓘ | 71 | 63.64 | 61.36 | 50.66 | 73.67 | 79.68 | 52.07 | 58.72 | 65.67 | 77.18 |
| Manufacturing Costs | 6.75 | 6.24 | 6.20 | 4.66 | 5.70 | 5.79 | 4.76 | 3.59 | 4.60 | 5.61 |
| Material Costs | 50.42 | 42.74 | 38.73 | 34.66 | 55.22 | 59.62 | 33.63 | 42.12 | 49.07 | 59.18 |
| Employee Cost | 4.33 | 5 | 5.92 | 6.66 | 7.25 | 8.30 | 7.72 | 7.89 | 7.80 | 8.03 |
| Other Costs ⓘ | 9.49 | 9.65 | 10.51 | 4.67 | 5.50 | 5.97 | 5.96 | 5.13 | 4.21 | 4.36 |
| Operating Profit ⓘ | 4.32 | 3.20 | 4.85 | 3.72 | 1.53 | 3.86 | 3.65 | -0.70 | 3.31 | 2.76 |
| Operating Profit Margin (%) | 5.7% | 4.8% | 7.3% | 6.8% | 2.0% | 4.6% | 6.5% | -1.2% | 4.8% | 3.5% |
| Other Income ⓘ | 0.06 | 0.38 | 0.22 | 0.60 | 0.45 | 0.38 | 0.74 | 0.34 | 0.14 | 0.37 |
| Interest ⓘ | 1.30 | 1.54 | 1.96 | 2.07 | 2.27 | 2.60 | 2.86 | 2.39 | 2.29 | 2.12 |
| Depreciation ⓘ | 0.87 | 0.93 | 1.09 | 1.12 | 1.17 | 1.21 | 1.16 | 1.25 | 1.09 | 1 |
| Exceptional Items ⓘ | 0.02 | 0 | 0 | -0.02 | 0.02 | 0 | 0.08 | 0.01 | 0 | 0.30 |
| Profit Before Tax ⓘ | 2.23 | 1.10 | 2.02 | 1.12 | -1.43 | 0.43 | 0.45 | -4 | 0.07 | 0.31 |
| Tax ⓘ | 0.62 | 0.13 | 0.71 | 0.37 | -0.51 | 0 | 0.03 | -1.18 | 0.04 | 0.22 |
| Profit After Tax | 1.61 | 0.97 | 1.31 | 0.75 | -0.93 | 0.42 | 0.42 | -2.82 | 0.03 | 0.09 |
| PAT Margin (%) | 2.1% | 1.5% | 2.0% | 1.4% | -1.2% | 0.5% | 0.8% | -4.9% | 0.0% | 0.1% |
| Adjusted EPS (₹) | 3.8 | 2.3 | 3.1 | 1.8 | -2.2 | 1.0 | 1.0 | -6.7 | 0.1 | 0.2 |
| Dividend Payout Ratio (%) | 26% | 43% | 32% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14.56 | 14.27 | 15.07 | 15.79 | 14.87 | 15.23 | 15.59 | 12.67 | 12.71 | 12.90 |
| Share Capital ⓘ | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 | 4.21 |
| Reserves ⓘ | 10.35 | 10.06 | 10.86 | 11.58 | 10.67 | 11.03 | 11.38 | 8.46 | 8.51 | 8.70 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 15.17 | 16.85 | 19.94 | 18.16 | 22.11 | 21.78 | 22.47 | 20.97 | 20.55 | 18.25 |
| Long Term Debt | 3.94 | 6.56 | 5.65 | 1.85 | 2.42 | 2.91 | 3.03 | 5.03 | 4.43 | 2.51 |
| Short Term Debt | 11.23 | 10.30 | 14.30 | 16.31 | 19.69 | 18.87 | 19.44 | 15.95 | 16.11 | 15.74 |
| Trade Payables | 3.58 | 2.83 | 2.62 | 5.71 | 5.69 | 4.59 | 4.31 | 3.88 | 7.23 | 5.82 |
| Others Liabilities ⓘ | 5.20 | 5.93 | 7.36 | 9.97 | 9.18 | 8.10 | 8.54 | 8.45 | 7.35 | 6.52 |
| Total Liabilities ⓘ | 38.51 | 39.88 | 45 | 49.62 | 51.85 | 49.71 | 50.90 | 45.97 | 47.85 | 43.49 |
Fixed Assets | ||||||||||
| Gross Block | 19.76 | 22.75 | 27.27 | 28.43 | 29.52 | 30.51 | 31.66 | 32.21 | 32.56 | 33.03 |
| Accumulated Depreciation | 8.99 | 10.67 | 11.77 | 12.86 | 13.96 | 15.17 | 15.96 | 17.17 | 18.26 | 19.23 |
| Net Fixed Assetsⓘ | 10.78 | 12.08 | 15.50 | 15.56 | 15.56 | 15.34 | 15.69 | 15.04 | 14.30 | 13.80 |
| CWIP ⓘ | 0.22 | 1.84 | 0.01 | 0.19 | 0.07 | 0 | 0.39 | 0 | 0.02 | 0.02 |
| Investmentsⓘ | 1.60 | 1.60 | 1.60 | 1.75 | 1.80 | 1.86 | 0.40 | 0.40 | 0.40 | 0.40 |
| Inventories | 11.27 | 12.11 | 11.21 | 16.23 | 16.39 | 13.82 | 15.78 | 12.46 | 14.07 | 10.88 |
| Trade Receivables | 11.06 | 9.30 | 12.18 | 13.09 | 14.94 | 15.54 | 15.33 | 15.62 | 16.80 | 16.56 |
| Cash Equivalents | 1.48 | 0.61 | 1.80 | 1.06 | 0.89 | 1.25 | 1.32 | 0.97 | 0.44 | 0.25 |
| Others Assetsⓘ | 2.10 | 2.34 | 2.69 | 1.73 | 2.20 | 1.90 | 1.99 | 1.48 | 1.82 | 1.57 |
| Total Assets ⓘ | 38.51 | 39.88 | 45 | 49.62 | 51.85 | 49.71 | 50.90 | 45.97 | 47.85 | 43.49 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.08 | 3.08 | 7.16 | 0.65 | 0.92 | 1.49 | 0.55 | -0.15 | -0.19 | 0.07 |
| PBT ⓘ | 2.23 | 1.10 | 2.02 | 1.12 | -1.39 | 0.43 | 0.45 | -4 | 0.07 | 0.31 |
| Adjustment ⓘ | 2.01 | 2.37 | 3.22 | 1.14 | 1.15 | 1.21 | 1.08 | 1.24 | 1.09 | 1 |
| Changes in Working Capital ⓘ | -3.6 | -0.05 | 2.58 | -0.67 | 1.45 | -0.05 | -0.99 | 2.61 | -1.36 | -1.17 |
| Tax Paid ⓘ | -0.73 | -0.34 | -0.66 | -0.94 | -0.29 | -0.09 | 0.01 | 0 | 0 | -0.07 |
| Cash Flow From Investing Activity ⓘ | -1.36 | -4.61 | -2.69 | -1.76 | -0.96 | -1.52 | -0.69 | 0.19 | 0.21 | -0.10 |
| Capex | -0.96 | -4.61 | -2.69 | -1.16 | -1.14 | -0.99 | -1.52 | -0.58 | -0.35 | -0.25 |
| Net Investments | -0.40 | 0 | 0 | -0.06 | -0.07 | -0.08 | 1.43 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -0.55 | 0.25 | -0.45 | -0.60 | 0.77 | 0.56 | 0.14 |
| Cash Flow From Financing Activityⓘ | -1.76 | 0.67 | -3.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.12 | 2.61 | -0.91 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1.15 | -1.44 | -1.86 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -0.49 | -0.42 | -0.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -0.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -3.20 | -0.86 | 1.18 | -1.11 | -0.04 | -0.03 | -0.14 | 0.04 | 0.01 | -0.04 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.5 | 6.74 | 8.93 | 4.87 | -6.04 | 2.81 | 2.73 | -19.97 | 0.23 | 0.72 |
| ROCE (%) | 11.62 | 8.57 | 11.77 | 9.01 | 2.25 | 7.87 | 8.47 | -4.13 | 6.44 | 7.03 |
| Asset Turnover Ratio | 2.15 | 1.91 | 1.73 | 1.29 | 1.5 | 1.65 | 1.11 | 1.2 | 1.47 | 1.75 |
| PAT to CFO Conversion(x) | -0.05 | 3.18 | 5.47 | 0.87 | N/A | 3.55 | 1.31 | N/A | -6.33 | 0.78 | Working Capital Days |
| Receivable Days | 46 | 50 | 53 | 75 | 67 | 67 | 101 | 97 | 86 | 76 |
| Inventory Days | 49 | 57 | 58 | 82 | 78 | 66 | 97 | 89 | 70 | 57 |
| Payable Days | 29 | 27 | 26 | 44 | 38 | 31 | 48 | 35 | 41 | 40 |
Vamshi Rubber, established in 1993, manufactures Precured Tread Rubber, Cushion Gum & Vulcanizing Solutions, which are used in retreading of worn-out tyres in collaboration with Hercules Tire & Rubber Co., USA.
Vamshi Rubber is a public comnpany, with a paid up capital of Rs 42 million .The state-of-the-art manufacturing unit is ideally located near Hyderabad, in a sprawling 4-acre estate, with spacious industrial sheds equipped with all Critical Machinery to manufacture 3200 MT of Precured Tread Rubber, 400MT of cushion gum and 400 KL of Vulcanizing Solution annually
Vamshi Rubber Limited has obtained ISO-9001:2000 Certificate from Det Norske Veritas of Netherlands for the manufacture and supply of its products, viz., Precured Tread Rubber, Cushion Gum, Vulcanizing Solution and Servicing of its Franchisees. Vamshi Rubber Limited is the first Company in India to get ISO-9001:2000 Certification in the field of Manufacturing Retreading Materials. Vamshi Rubber Limited manufactures excellent quality retread materials and high precision retread Machinery in Technical Collaboration with the world renowned Hercules Tire & Rubber Co., Ohio, USA.
VRL uses the best Raw Materials to manufacture high performing quality products. Customer gets the benefit of low cost for every kilometer the tire has run. Vamshi products are developed after extensive research to suit both Indian and Foreign customers and their running conditions.
Product range of the company includes:
Achievements/ recognition:
An ISO-9001:2000 certified company
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Here is the summary:
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