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Rishi Techtex Ltd Stock Analysis

Small Cap
Evaluated by 112 users | BSE: 523021 | NSE: RISHIPACK |
Plastic Products
Rishi Packers is a multiproduct company established in 1984 and operating in India for over 20 years.Their yarn, fabric and bag manufacturing plant are located in Daman and Silvasa, about 180 km from Mumbai and features latest technology extrusion, weaving & knitting.They are one of the...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.27%9.15%0.24%8.56%8.66%9.94%11.62%11.01%10.92%5.74%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 29.435.835.543.348.561.759.366.68476.2
Y-o-Y Gr. Rt.-21.9%-0.9%21.9%11.9%27.3%-3.9%12.3%26.1%-9.2%
Adjusted EPS (Rs.) 1.851.77-2.291.692.142.83.393.343.871.16
Y-o-Y Gr. Rt.--4.3%-229.4%NA26.6%30.8%21.1%-1.5%15.9%-70%
Book Value per Share (Rs.) 21.7622.3921.0323.3325.7228.3327.330.1634.135.44
Adjusted Net Profit 0.91-1.30.91.21.62.42.52.90.9
Net Op. Cash Flow (Rs. Cr.) 32.71.21.82.43.73.26.26.54.5
Debt to Cash Flow from Ops 3.354.511.627.694.832.533.32.52.854.52
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Rishi Techtex Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.2%9.5%8.7%-9.2%
Adjusted EPS -5.1%-11.5%-30.1%-70%
Book Value per Share 5.66.69.13.9
Share Price 16.5% 5.4% -32.7% -9.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 8.728.27-10.537.68.7410.5213.311.8212.033.35
Operating Profit Margin (%) 10.699.014.519.118.627.569.119.459.697.97
Net Profit Margin (%) 3.12.73-3.552.152.442.634.063.713.41.13
Debt to Equity 0.90.971.191.050.830.570.540.70.740.78
Working Capital Days 173160181167165139158169151183
Cash Conversion Cycle 10410811810410791748588112
Entity Percentage Holding
Promoters 34.20%
Non-Institutions 65.80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Rishi Techtex Ltd's performance infers:

Rishi Techtex Ltd earnings have declined by -11.5%, whereas share price has appreciated 5.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Rishi Techtex Ltd share prices over the last 10 years. Here is what we found out:

Rishi Techtex Ltd share price has appreciated 6.8% annually over the past ten years.

Rishi Packers is a multiproduct company established in 1984 and operating in India for over 20 years.Their yarn, fabric and bag manufacturing plant are located in Daman and Silvasa, about 180 km from Mumbai and features latest technology extrusion, weaving & knitting.

They are one of the leading manufacturers and exporters of Shade Net, Windbreaker net, Bird Net, Hail net, Scaffolding nets, Crop Protection nets, Woven sacks & fabrics having largest installed capacity in India for

Rishi Packers is a multiproduct company established in 1984 and operating in India for over 20 years.Their yarn, fabric and bag manufacturing plant are located in Daman and Silvasa, about 180 km from Mumbai and features latest technology extrusion, weaving & knitting.

They are one of the leading manufacturers and exporters of Shade Net, Windbreaker net, Bird Net, Hail net, Scaffolding nets, Crop Protection nets, Woven sacks & fabrics having largest installed capacity in India for there products.

Their main buyers are cement and petrochemical companies in India including Grasim, ACC, DCM Shriram, etc and they export to many countries worldwide. The company has done pioneering work in the field of bulk packing and has many (credits) firsts to its name in developing bags for Cement, Milk Powder, Polymers, etc. it produces 25 million bags per year.

Different division of the company

  • Woven Division: It is one of Pioneer in Woven Sack Industry supplying to various Blue Chip Companies in India to cater the packing requirement in Cement, Petrochemical & other Industries. In the Woven Division, it has capacity to process about 5000 MT per annum.
  • Knitted Division: As a part of Diversification six years back, the company started its new initiative for 'Plastics in Agriculture & Technical Textiles' by setting up the Knitted fabrics Division. Today it is the leading company in India for Shade & Protection nets with 50% share of Indian market. The company has a reputed Brand “KrishiNet” & excellent dealer network channel for its sales. Basically the products are used in Agriculture, Nursery, Horticulture, Building & Construction, Decoration markets etc. Apart from that, the company exports its products to UK, Middle East, Central America, Portugal, Africa, Australia and New Zealand.

Product range of the company:

Knitted, Woven Bages, Rachel Bags

The company manufactures and exports Shade Net, Windbreaker net, Bird Net, Hail net, Scaffolding nets, Crop Protection nets, Woven sacks & fabrics

The product range of the company has application in industry, agriculture, horticulture, civil engineering, packaging and constructions etc.

The company exports its products to various countries like Sri Lanka, UK, Portugal, Africa, Central America, Middle East, Australia, and New Zealand.

Achievements/ recognition:

Awarded under the QC 100 Total Quality Management Model, Quality Crown in the Gold category by Business Initiative Directions, Spain towards its commitments for Quality.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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