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Indo Rama Synthetics (India) Ltd Stock Analysis

Small Cap
Evaluated by 293 users | BSE: 500207 | NSE: INDORAMA |
Textile - Manmade Fibres
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...

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 13.81%-0.04%-3.75%-6.3%0.9%10.62%-5.01%-1.38%-22.06%-33.07%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,8182,9692,9102,6372,7612,5362,4682,2561,6952,122
Y-o-Y Gr. Rt.-5.4%-2%-9.4%4.7%-8.2%-2.7%-8.6%-24.9%25.2%
Adjusted EPS (Rs.) 8.65-2.85-5.02-6.4-1.44-7.06-5.08-15.08-12.03
Y-o-Y Gr. Rt.--133%NANANANA-276.5%NANANA
Book Value per Share (Rs.) 35.3636.2537.837.4335.539.833.0527.6413.548.52
Adjusted Net Profit 131-43.3-76.2-97.2-21.260.8-107-77.1-269-314
Net Op. Cash Flow (Rs. Cr.) 327-0.7-27.2-92.618212739.228.1-211-118
Debt to Cash Flow from Ops 1.86-863.54-20.8-5.522.052.537.8413.05-2.72-3.98
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.
Indo Rama Synthetics (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3.1%-5.1%-4.9%25.2%
Adjusted EPS -203.7%NANANA
Book Value per Share -14.6-24.8-36.4-37.1
Share Price 6.3% 5.1% 13.9% 262.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 23.26-6.99-12.21-15.89-3.710.5-19.39-16.73-81.26-135.51
Operating Profit Margin (%) 13.893.771.44-1.751.940.58-3.252.53-5.51-0.23
Net Profit Margin (%) 4.66-1.46-2.62-3.68-0.772.4-4.35-3.42-15.85-14.8
Debt to Equity 1.131.070.990.90.690.530.610.872.382.12
Working Capital Days 10611110011210210610198127115
Cash Conversion Cycle 111660-2-23-50-68-74-46
Entity Percentage Holding
Promoters 75.00%
Institutions 4.79%
Non-Institutions 20.09%
Pledged *44.7044.7023.600.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Indo Rama Synthetics (India) Ltd's performance infers:

Indo Rama Synthetics (India) Ltd earnings have grown by 0%, whereas share price has appreciated 5.1% 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 Indo Rama Synthetics (India) Ltd share prices over the last 10 years. Here is what we found out:

Indo Rama Synthetics (India) Ltd share price has appreciated -2.6% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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