Rishi Techtex Ltd - Stock Valuation and Financial Performance

BSE: 523021 | NSE: RISHIPACK | Plastic Products | Small Cap

Rishi Techtex Share Price

46.70 -2.05 -4.21%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Rishi Techtex

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Rishi Techtex stock performance -

mw4me loader
P/E Ratio (SA):
22.79
Market Cap:
36 Cr.
52-wk low:
18.9
52-wk high:
54.9

Is Rishi Techtex Ltd an attractive stock to invest in?

1. Is Rishi Techtex Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rishi Techtex Ltd is a below average quality company.

2. Is Rishi Techtex Ltd undervalued or overvalued?

The key valuation ratios of Rishi Techtex Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rishi Techtex Ltd a good buy now?

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

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.
Rishi Techtex Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.6%8.7%9.9%11.6%11%10.9%5.7%4.4%5.5%5%-
Value Creation
Index
-0.4-0.4-0.3-0.2-0.2-0.2-0.6-0.7-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 43.348.561.759.366.68476.281.1101107110
Sales YoY Gr.-11.9%27.3%-3.9%12.3%26.1%-9.2%6.4%24.4%5.9%-
Adj EPS 1.72.12.83.43.33.91.20.51.61.22.1
YoY Gr.-26.6%30.8%21.1%-1.5%15.9%-70%-57.8%230.6%-27.8%-
BVPS (₹) 23.325.728.327.330.234.135.43839.841.342.6
Adj Net
Profit
0.91.21.62.42.52.90.90.41.20.92
Cash Flow from Ops. 1.82.43.73.26.26.54.50.858-
Debt/CF from Ops. 7.74.82.53.32.52.94.528.54.63.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.6%9.9%11.9%5.9%
Adj EPS -4%-18.9%0.3%-27.8%
BVPS6.5%6.5%5.2%3.8%
Share Price 19.2% 3.1% 20.8% 122.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.68.710.513.311.8123.41.44.22.95.1
Op. Profit
Mgn %
9.18.67.69.19.59.786.16.35.66.1
Net Profit
Mgn %
2.22.42.64.13.73.41.10.51.20.81.4
Debt to
Equity
1.10.80.60.50.70.70.80.80.80.8-
Working Cap
Days
16716513915816915118318014915175
Cash Conv.
Cycle
1041079174858811211810210121

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.10%

Sales growth is growing at healthy rate in last 3 years 11.92%

Debt to equity has declined versus last 3 years average to 0.84

Net Profit has been subdued in last 3 years 0.29%

Sales growth is not so good in last 4 quarters at 7.02%

Latest Financials - Rishi Techtex Ltd.

Standalone Consolidated
TTM EPS (₹) 2.1 -
TTM Sales (₹ Cr.) 110 -
BVPS (₹.) 42.6 -
Reserves (₹ Cr.) 24 -
P/BV 1.14 -
PE 22.79 -
From the Market
52 Week Low / High (₹) 18.85 / 54.90
All Time Low / High (₹) 1.30 / 99.00
Market Cap (₹ Cr.) 36
Equity (₹ Cr.) 7.4
Face Value (₹) 10
Industry PE 35.2

Management X-Ray of Rishi Techtex:

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 Rishi Techtex

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
Sales43.3148.4661.6959.2866.5883.9776.2281.07100.86106.84
Operating Expenses 39.3744.2857.0353.8860.2975.8470.1576.1094.51100.89
Manufacturing Costs3.373.824.364.054.765.864.965.315.825.87
Material Costs30.2933.7445.5842.6946.7658.5452.6059.0875.5580.95
Employee Cost 3.223.544.084.155.726.647.897.859.1410.16
Other Costs 2.483.18333.054.804.703.8643.91
Operating Profit 3.944.184.675.406.298.136.084.976.355.94
Operating Profit Margin (%) 9.1%8.6%7.6%9.1%9.4%9.7%8.0%6.1%6.3%5.6%
Other Income 0.610.220.210.190.220.140.410.160.230.41
Interest 1.851.551.381.221.802.292.482.532.352.67
Depreciation 1.441.601.671.481.551.951.7922.132.43
Exceptional Items 00.070.100000000
Profit Before Tax 1.271.321.942.893.164.042.220.602.091.25
Tax 000.180.440.631.121.220.180.780.14
Profit After Tax 1.271.321.752.452.532.9210.421.321.11
PAT Margin (%) 2.9%2.7%2.8%4.1%3.8%3.5%1.3%0.5%1.3%1.0%
Adjusted EPS (₹)2.32.43.03.53.44.01.40.61.81.5
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 12.8814.2016.4319.3522.2925.2026.1928.0729.3830.50
Share Capital 5.525.525.807.097.397.397.397.397.397.39
Reserves 7.368.6810.6312.2614.9017.8118.8020.6821.9923.11
Minority Interest0000000000
Debt11.6910.318.429.6214.7617.6219.1719.0620.3723.52
Long Term Debt3.572.371.092.212.331.712.954.596.104.35
Short Term Debt8.137.947.327.4112.4315.9116.2214.4714.2719.17
Trade Payables9.059.029.039.988.177.748.478.058.449.88
Others Liabilities 4.704.564.777.607.727.398.787.888.608.88
Total Liabilities 38.3238.0838.6446.5552.9357.9662.6163.0766.8072.77

Fixed Assets

Gross Block32.0832.1333.5735.3342.1743.4848.2149.2353.7657.27
Accumulated Depreciation18.7220.2421.7423.2224.7726.7126.3828.3829.6932.04
Net Fixed Assets13.3611.8911.8412.1117.4016.7721.8320.8524.0725.23
CWIP 0002.661.652.1700.6000
Investments 0.970.440.390.400.370.360.210.210.200.18
Inventories13.2813.8014.1815.7016.9120.8224.4725.9625.6426.89
Trade Receivables6.777.627.299.0910.0410.189.1110.341214.02
Cash Equivalents 0.971.181.091.250.911.930.910.920.930.81
Others Assets2.973.173.845.335.655.726.094.203.975.65
Total Assets 38.3238.0838.6446.5552.9357.9662.6163.0766.8072.77

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.772.433.723.176.206.524.510.785.037.98
PBT 1.271.321.942.893.164.042.220.602.091.25
Adjustment 2.682.862.732.272.963.954.574.444.514.62
Changes in Working Capital -2.18-1.75-0.58-1.550.71-0.35-1.06-4.08-0.792.24
Tax Paid 00-0.37-0.44-0.63-1.12-1.22-0.18-0.78-0.14
Cash Flow From Investing Activity -0.380.71-1.26-4.53-5.71-1.70-4.09-1.59-4.46-3.63
Capex -0.46-0.05-1.51-4.42-5.82-1.84-4.68-1.61-4.72-3.50
Net Investments -0.090.620.05-0.030.0300.15000
Others 0.170.140.21-0.090.090.140.440.020.26-0.13
Cash Flow From Financing Activity -1.75-2.94-2.551.52-0.66-3.73-1.460.69-0.57-4.35
Net Proceeds from Shares 000.722.600.5200000
Net Proceeds from Borrowing 00000-0.621.241.641.51-1.75
Interest Paid -1.85-1.55-1.38-1.22-1.80-2.29-2.48-2.53-2.35-2.67
Dividend Paid 0000000000
Others 0.10-1.39-1.890.130.62-0.82-0.231.580.260.07
Net Cash Flow -0.350.21-0.080.16-0.171.09-1.04-0.1100
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.359.7611.4413.712.1512.33.881.544.593.72
ROCE (%)11.9910.9612.7214.6714.6315.5110.396.468.657.22
Asset Turnover Ratio1.271.381.711.51.361.511.261.291.551.53
PAT to CFO Conversion(x)1.391.842.131.292.452.234.511.863.817.19
Working Capital Days
Receivable Days53504147524446444044
Inventory Days9294788588821081149390
Payable Days55493662715056514041

Rishi Techtex Ltd Stock News

Rishi Techtex Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rishi Techtex on 28-Mar-2024 16:01 is ₹46.70.
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 Rishi Techtex stood at ₹36.03.
The latest P/E ratio of Rishi Techtex as of 28-Mar-2024 16:01 is 22.79.
The latest P/B ratio of Rishi Techtex as of 28-Mar-2024 16:01 is 1.14.
The 52-week high of Rishi Techtex is ₹54.90 and the 52-week low is ₹18.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rishi Techtex is ₹110.5 ( Cr.) .

About Rishi Techtex Ltd

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.

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