Indo Rama Synthetics (India) Ltd Stock Analysis

BSE: 500207 | NSE: INDORAMA | Textile - Manmade Fibres | Small Cap

BSE Share Price 29-May-2023 18:01
41.79 0.03 (0.07%)

DeciZen - Make an Informed Decision on Indo Rama Synth

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Indo Rama Synth Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
1,091.2 Cr.
52-wk low :
36.6
52-wk high :
75.4
Bole Toh?

1. Is Indo Rama Synthetics (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indo Rama Synthetics (India) Ltd is a below average quality company.

2. Is Indo Rama Synthetics (India) Ltd undervalued or overvalued?

The key valuation ratios of Indo Rama Synthetics (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Indo Rama Synthetics (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indo Rama Synthetics (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indo Rama Synth:

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.
Indo Rama Synthetics (India) 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -3.8%-6.3%0.9%10.6%-5%-1.4%-22.1%-33.1%23.6%38.5%-
Value Creation Index -1.3-1.5-0.9-0.2-1.4-1.1-2.6-3.40.71.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,9102,6372,7612,5362,4682,2561,6952,1082,0233,9013,906
YoY Gr. Rt. %--9.4%4.7%-8.2%-2.7%-8.6%-24.9%24.4%-4%92.9%-
Adj EPS -5-6.4-1.44-7.1-5.1-15.1-124.610.2-0.7
YoY Gr. Rt. %-NANANA-276.5%NANANANA121.6%-
BVPS (₹) 37.837.435.539.833.127.613.58.512.82322.1
Adj Net Profit -76.2-97.2-21.260.8-107-77.1-269-314120265-19
Cash Flow from Ops. -27.2-92.618212739.228.1-211-118181198-
Debt/CF from Ops. -20.8-5.52.12.57.813.1-2.7-42.11.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.3%9.6%32%92.9%
Adj EPS NANANA121.6%
BVPS -5.4-719.279.9
Share Price 9.5% 9.5% 49.6% -39.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -12.2-15.9-3.710.5-19.4-16.7-81.3-135.643.257-3.3
Op. Profit Mgn % 1.4-1.81.90.6-3.32.5-5.5-1.54.17.41.2
Net Profit Mgn % -2.6-3.7-0.82.4-4.4-3.4-15.9-14.95.96.8-0.5
Debt to Equity 10.90.70.50.60.92.42.11.10.50.6
Working Cap Days 1001121021061019812711613686135
Cash Conv. Cycle 60-2-23-50-68-74-45-62-400

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 32.04%

Debt to equity has declined versus last 3 years average to 0.49

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at 7.69%

Latest Financials - Indo Rama Synthetics (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -0.7 -0.9
TTM Sales (₹ Cr.) 3,906 4,085
BVPS (₹.) 22.1 21.9
Reserves (₹ Cr.) 316 312
P/BV 1.89 1.91
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 36.60 / 75.40
All Time Low / High (₹) 4.55 / 116.67
Market Cap (₹ Cr.) 1,091
Equity (₹ Cr.) 261.1
Face Value (₹) 10
Industry PE 13

Management X-Ray of Indo Rama Synth :

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 Indo Rama Synth

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Indo Rama Synthetics (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indo Rama Synth on 29-May-2023 18:01 is : 41.79.
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 29-May-2023 18:01 the market cap of Indo Rama Synth stood at ₹ 1,091.2.
The latest PE ratio of Indo Rama Synth as of 29-May-2023 18:01 is 0.00.
The latest PB ratio of Indo Rama Synth as of 29-May-2023 18:01 is 1.89
The 52-week high of Indo Rama Synth is ₹ 75.40 and the 52-week low is ₹ 36.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Indo Rama Synth is ₹ 3,906 ( Cr.) .

About Indo Rama Synthetics (India) Ltd

The history of Indo Rama Synthetics (India) Ltd. dates back to 1989, when it first forayed into the business of polyesters. Believing that polyester was going to be the fibre of the future, the commitment and perseverance over the years by the company has today resulted in an undisputed leadership position for it in the Indian polyester arena. A leading manufacturer and supplier in the country's fast growing polyester sector since the last two decades, Indo Rama has emerged as India's second largest dedicated polyester manufacturer having carved a niche in the market place for its unmatched quality offerings.

Equipped with a state-of-art integrated manufacturing complex at Butibori near Nagpur in Maharashtra, Indo Rama also has several technical collaborations with various technology leaders in Japan, Germany and USA. A customer focused organization, Indo Rama stands for high quality standards and innovative business practices.

Driven by the passion to seek new challenges, Indo Rama has recently forayed into the power sector. Indo Rama's 82.5 MW installed capacity comprises 52.5 MW (3x13.5 MW + 3x4 MW) of diesel generating (DG) sets and 40 MW of co-gen captive facility based on coal, giving 30 MW electricity. The company's combined power generation capabilities are integrated into a common power supply pool, from which required amount of power is fed for internal use and the surplus is sold to external agencies.

The Indo Rama Group has a strong presence in Indonesia, Thailand, USA, Nepal and Sri Lanka, besides India. It has focussed business activities in the field of Textiles, Polyesters and Industrial Chemicals. Forbes magazine has recognized the Group - Indo Rama Synthetics (India) and associate companies based in South-East Asia - as one of the '100 Best Small Companies in the Emerging Markets'.

Product range of the company includes:

  • Polyester Staple Fibre (PSF)
  • Partially Oriented Yarn (POY)
  • Draw Texturised Yarn (DTY)
  • Fully Drawn Yarn (FDY)
  • Polyester Chips

Awards and achievement:

  • 2008-09- First prize in National energy conservation award -2008 by Ministry of Power, Government of India
  • Second prize in over all export performance award by SRTEPC
  • 2007-08 -National Award for Excellence in water management 2007 by CII
  • Second prize in National energy conservation award in the petrochemicals sector by Ministry of Power, Govt. of India
  •  2006-07-“Best export performance” for exports to focus African countries in Gold category by SRTEPC
  • National Award in Excellence in water management 2006 by CII
  • Leadership & excellence award in safety, health & environment by CII
  • 2005-06- “Best export performance” for exports to ‘Focus Lac’ countries in Gold category by SRTEPC
  • Man-made fibre yarn blended with natural fibre, State level energy conservation by SRTEPC
  • Leadership & excellence award in safety, health & environment by CII  2004-05
  • State level energy conservation award by MEDA, Pune
  • National Award in Excellence in water management 2004-05 by CII
  • Corporate excellence award in Sourcing excellence by IIMM-Ariba Inc
  • Udyog Ratna Award - O.P. Lohia, CMD in Outstanding contribution to the State of Madhya Pradesh by Govt. of Madhya Pradesh  2003-04
  • Special award in silver category by SRTEPC
  • National award for Excellence in water management 2003-05 by CII
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC
  • Viscose spun yarn in gold category by SRTEPC 2002-03
  • Special award in silver category by SRTEPC
  • National award in Excellence in water management 2003-05 by CII
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC 2001-02
  • Special award in silver category by SRTEPC
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC
  • Non-traditional markets in gold category by SRTEPC  1999-2000
  • Special award in silver category by SRTEPC
  • Polyester spun yarn in gold category by SRTEPC
  • Man-made fibre yarn blended with natural yarn in gold category by SRTEPC
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC
  • Non-traditional markets in gold category by SRTEPC1998-99
  • Man-made fibre yarn blended with natural yarn in gold category by SRTEPC
  • Non-traditional markets in gold category by SRTEPC 1997-98
  • Special award in gold category by SRTEPC
  • Man-made staple fibre in gold category by SRTEPC
  • Polyester filament yarn in gold category by SRTEPC
  • Man-made blended fibre yarn in gold category by SRTEPC 1996-97
  • Special award in gold category by SRTEPC
  • Man-made staple fibre in gold category by SRTEPC 1995-96
  • Polyester-cotton blended yarn in gold category by SRTEPC 1994-95
  • Special award in gold category by SRTEPC
  • Viscose spun yarn in Gold category by SRTEPC 
  • Polyester-cotton blended yarn in gold category by SRTEPC1993-94
  • Polyester-cotton blended yarn in gold category by SRTEPC 1990-91
  • Viscose spun yarn in Gold category by SRTEPC   1989-90
  • Viscose spun yarn in Gold category by SRTEPC 

Certifications:

  • ISO 9001:2000,
  • ISO 14001:2004
  • OSHAS 18001
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