Is Indo Rama Synthetics (India) 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 .

Is Indo Rama Synthetics (India) 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 Overvalued zone .

What is Indo Rama Synthetics (India) share price return in the past 10 years?

Indo Rama Synthetics (India) Ltd share price has appreciated 10.3% annually (CAGR) over the past ten years.

Is Indo Rama Synthetics (India) 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.

What is the P/E ratio of Indo Rama Synthetics (India)?

The latest standalone P/E ratio of Indo Rama Synthetics (India) as of 25-Apr-2024 is 0.00.

What is the P/B ratio of Indo Rama Synthetics (India)?

The latest standalone P/B ratio of Indo Rama Synthetics (India) as of 25-Apr-2024 is 2.61.

What is the 52-week high and low of Indo Rama Synthetics (India)?

The 52-week high of Indo Rama Synthetics (India) is Rs. 67.03 and the 52-week low is Rs. 37.50.

Indo Rama Synthetics (India) Ltd - Stock Valuation and Financial Performance

Name: Indo Rama Synthetics (India)
Brand: Indo Rama Synthetics (India)

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

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Indo Rama Synth Share Price

₹45.01 -0.26 -0.57%
as on 25-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-6.3%	0.9%	10.6%	-5%	-1.4%	-22.1%	-33.1%	23.6%	38.5%	2.2%	-
Value Creation Index ⓘ	-1.5	-0.9	-0.2	-1.4	-1.1	-2.6	-3.4	0.7	1.8	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,637	2,761	2,536	2,468	2,256	1,695	2,108	2,023	3,901	3,906	3,686
Sales YoY Gr.	-	4.7%	-8.2%	-2.7%	-8.6%	-24.9%	24.4%	-4%	92.9%	0.1%	-
Adj EPS ⓘ	-6.4	-1.4	4	-7.1	-5.1	-15.1	-12	4.6	10.2	-0.7	-4.7
YoY Gr.	-	NA	NA	-276.5%	NA	NA	NA	NA	121.6%	-106.5%	-
BVPS (₹) ⓘ	37.4	35.5	39.8	33.1	27.6	13.5	8.5	12.8	23	22.1	17.3
Adj Net Profit ⓘ	-97.2	-21.2	60.8	-107	-77.1	-269	-314	120	265	-17.3	-124
Cash Flow from Ops. ⓘ	-92.6	182	127	39.2	28.1	-211	-118	181	198	-65.8	-
Debt/CF from Ops. ⓘ	-5.5	2.1	2.5	7.8	13.1	-2.7	-4	2.1	1.5	-10.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.5%	11.6%	22.8%	0.1%
Adj EPS ⓘ	NA	NA	NA	-106.5%
BVPSⓘ	-5.7%	-4.4%	37.4%	-3.8%
Share Price	10.3%	5.1%	7.1%	-1.1%

Key Financial Parameters ⓘ

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 % ⓘ	-15.9	-3.7	10.5	-19.4	-16.7	-81.3	-135.6	43.2	57	-2.9	-24.1
Op. Profit Mgn % ⓘ	-1.8	1.9	0.6	-3.3	2.5	-5.5	-1.5	4.1	7.4	0.9	-0.4
Net Profit Mgn % ⓘ	-3.7	-0.8	2.4	-4.4	-3.4	-15.9	-14.9	5.9	6.8	-0.4	-3.4
Debt to Equity ⓘ	0.9	0.7	0.5	0.6	0.9	2.4	2.1	1.1	0.5	1.2	-
Working Cap Days ⓘ	112	102	106	101	98	127	116	136	83	101	56
Cash Conv. Cycle ⓘ	0	-2	-23	-50	-68	-74	-45	-62	-41	-32	-16

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.84%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 1.15

Sales growth is not so good in last 4 quarters at -12.28%

Latest Financials - Indo Rama Synthetics (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-4.7	-6.2
TTM Sales (₹ Cr.)	3,686	3,849
BVPS (₹.) ⓘ	17.3	15.7
Reserves (₹ Cr.) ⓘ	190	149
P/BV ⓘ	2.61	2.87
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	37.50 / 67.03
All Time Low / High (₹)	4.55 / 116.67
Market Cap (₹ Cr.)	1,175
Equity (₹ Cr.)	261.1
Face Value (₹)	10
Industry PE ⓘ	32.4

Management X-Ray of Indo Rama Synth:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Indo Rama Synth

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Indo Rama Synth

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	2,637	2,761	2,536	2,468	2,256	1,695	2,108	2,023	3,901	3,906
Operating Expenses ⓘ	2,684	2,708	2,553	2,548	2,199	1,791	2,141	1,941	3,614	3,874
Manufacturing Costs	245	290	272	309	282	186	300	293	439	539
Material Costs	2,207	2,157	1,970	1,947	1,681	1,333	1,604	1,419	2,835	3,046
Employee Cost	84	92	106	105	85	78	90	90	108	114
Other Costs ⓘ	148	169	205	188	152	195	148	139	233	174
Operating Profit ⓘ	-47	54	-17	-80	56	-97	-33	82	287	32
Operating Profit Margin (%)	-1.8%	1.9%	-0.7%	-3.3%	2.5%	-5.7%	-1.6%	4.1%	7.3%	0.8%
Other Income ⓘ	291	79	84	118	4	5	32	32	24	38
Interest ⓘ	35	43	54	91	94	131	92	66	62	59
Depreciation ⓘ	135	117	78	79	83	83	86	34	31	31
Exceptional Items ⓘ	-100	-6	-31	-5	-7	-115	0	-12	0	0
Profit Before Tax ⓘ	-25	-34	-96	-138	-125	-422	-180	3	218	-19
Tax ⓘ	-17	-12	-132	-54	-42	-151	136	-110	-50	0
Profit After Tax	-8	-22	36	-84	-83	-271	-316	113	268	-19
PAT Margin (%)	-0.3%	-0.8%	1.4%	-3.4%	-3.7%	-16.0%	-15.0%	5.6%	6.9%	-0.5%
Adjusted EPS (₹)	-0.5	-1.4	2.4	-5.5	-5.5	-15.2	-12.1	4.3	10.3	-0.7
Dividend Payout Ratio (%)	-186%	-71%	43%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	594	554	604	502	420	241	222	333	599	577
Share Capital ⓘ	152	152	152	152	152	178	261	261	261	261
Reserves ⓘ	442	402	452	350	268	63	-39	72	338	316
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	419	313	276	249	290	514	399	304	195	603
Long Term Debt	173	108	99	81	37	222	307	233	145	358
Short Term Debt	246	205	178	168	253	292	93	71	50	245
Trade Payables	531	543	735	704	624	579	552	854	1,000	1,088
Others Liabilities ⓘ	480	445	288	206	174	116	306	43	40	-3
Total Liabilities ⓘ	2,023	1,854	1,904	1,660	1,508	1,451	1,480	1,534	1,835	2,266
Fixed Assets
Gross Block	3,250	3,218	1,009	1,051	1,076	1,078	1,107	1,125	1,165	1,256
Accumulated Depreciation	2,191	2,280	74	153	236	319	404	437	468	474
Net Fixed Assetsⓘ	1,060	939	935	898	840	759	703	688	697	782
CWIP ⓘ	0	3	17	11	3	2	7	9	32	110
Investmentsⓘ	41	44	61	1	1	0	1	3	6	16
Inventories	294	273	257	195	116	184	251	387	525	638
Trade Receivables	112	115	198	133	111	59	91	105	184	158
Cash Equivalents	43	56	83	70	83	59	22	8	9	59
Others Assetsⓘ	474	424	353	352	355	387	404	334	381	503
Total Assets ⓘ	2,023	1,854	1,904	1,660	1,508	1,451	1,480	1,534	1,835	2,266

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	-93	182	127	39	28	-211	-118	181	198	-66
PBT ⓘ	-25	-34	-96	-138	-125	-422	-180	3	218	-19
Adjustment ⓘ	-79	129	94	110	155	414	155	92	94	69
Changes in Working Capital ⓘ	14	87	130	67	-2	-204	-94	71	-117	-112
Tax Paid ⓘ	-3	-1	-1	0	0	1	1	15	3	-3
Cash Flow From Investing Activity ⓘ	191	16	-32	53	-6	17	39	-17	-49	-188
Capex	-34	8	-43	-77	-13	-5	-11	-23	-50	-180
Net Investments	232	-3	-45	12	0	0	0	0	0	0
Others ⓘ	-7	11	55	118	7	22	49	6	1	-8
Cash Flow From Financing Activityⓘ	-96	-187	-112	-93	-15	185	87	-174	-149	305
Net Proceeds from Shares ⓘ	0	0	0	0	0	92	299	0	0	0
Net Proceeds from Borrowing ⓘ	42	-98	-30	-2	-32	170	96	-72	-62	175
Interest Paid ⓘ	-24	-31	-36	-63	-68	-115	-102	-74	-59	-60
Dividend Paid ⓘ	-15	-15	-15	-15	0	0	0	0	0	0
Others ⓘ	-99	-43	-30	-13	86	39	-206	-28	-28	190
Net Cash Flow ⓘ	2	11	-17	-1	8	-9	8	-10	0	51

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-1.43	-3.89	6.24	-15.2	-17.95	-82.03	-136.35	40.6	57.53	-3.28
ROCE (%)	0.89	0.94	-4.61	-5.41	-3.82	-36.26	-11.62	9.78	34.91	3.7
Asset Turnover Ratio	1.38	1.55	1.48	1.52	1.48	1.18	1.48	1.4	2.52	2.1
PAT to CFO Conversion(x)	N/A	N/A	3.53	N/A	N/A	N/A	N/A	1.6	0.74	N/A
Working Capital Days
Receivable Days	13	14	21	22	19	18	13	17	12	15
Inventory Days	38	34	35	30	24	31	36	55	39	49
Payable Days	62	65	103	135	144	165	129	181	119	125

Indo Rama Synthetics (India) Ltd Stock News

Indo Rama Synthetics (India) Ltd FAQs

What is the share price of Indo Rama Synth?

Company share prices are keep on changing according to the market conditions. The closing price of Indo Rama Synth on 25-Apr-2024 16:01 is ₹45.01.

What is the market cap of Indo Rama Synth?

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 25-Apr-2024 16:01 the market cap of Indo Rama Synth stood at ₹1,175.3.

What is the P/E ratio of Indo Rama Synth?

The latest P/E ratio of Indo Rama Synth as of 25-Apr-2024 16:01 is 0.00.

What is the P/B ratio of Indo Rama Synth?

The latest P/B ratio of Indo Rama Synth as of 25-Apr-2024 16:01 is 2.61.

What is the 52-week high and low of Indo Rama Synth?

The 52-week high of Indo Rama Synth is ₹67.03 and the 52-week low is ₹37.50.

What is the TTM revenue of Indo Rama Synth?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Rama Synth is ₹3,686 ( 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-â€œBest export performanceâ€ 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- â€œBest export performanceâ€ for exports to â€˜Focus Lacâ€™ 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