Raj Rayon Industries Ltd - Stock Valuation and Financial Performance

BSE: 530699 | NSE: RAJRILTD | Textile - Manmade Fibres | Small Cap

Raj Rayon Industries Share Price

23.50 -0.13 -0.55%
as on 07-Oct'24 16:01

DeciZen - make an informed investing decision on Raj Rayon Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Raj Rayon Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
1,306.8 Cr.
52-wk low:
15.1
52-wk high:
37.5

Is Raj Rayon Industries Ltd an attractive stock to invest in?

1. Is Raj Rayon Industries Ltd a good quality company?

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

2. Is Raj Rayon Industries Ltd undervalued or overvalued?

The key valuation ratios of Raj Rayon Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Raj Rayon Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Raj Rayon Industries 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 Raj Rayon Industries:

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.
Raj Rayon Industries 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 % -14%-5.6%-38.1%-20.2%-20.5%-23.8%-21.5%-28.7%628.1%-6.8%-
Value Creation
Index
-2.0NANANANANANANA43.9-1.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 47018445227476.318.2000137794
Sales YoY Gr.--61%146.1%-39.3%-72.2%-76.2%-100%NANANA-
Adj EPS -3.2-2.8-8.3-1.9-1.5-1.4-1.1-1749.1-0.20
YoY Gr.-NANANANANANANANA-100%-
BVPS (₹) 1.9-1-10.7-12.6-14.1-15.5-16.5-17.5154.21.41.4
Adj Net
Profit
-86.2-74.9-287-66.5-52.5-48.2-36.3-34.8171-12.60
Cash Flow from Ops. -56.5-44.7-4.27.4-1.1-1.800-4.9-75.2-
Debt/CF from Ops. -9.8-15.5-17097.6-662.4-392.255420.937140.70-1.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -12.8%12.5%NANA
Adj EPS NANANA-100%
BVPS-3.1%NANA-99.1%
Share Price 46.7% 162.1% 318.8% -37.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-79.2-271.8156.916.811.39.46.65.9-67.7-12.30
Op. Profit
Mgn %
-10.2-1.4-33.6-6.8-20.7-64.70001.33.6
Net Profit
Mgn %
-18.3-40.8-63.5-24.3-68.8-265.5000-9.20
Debt to
Equity
8.7-60.6-2-1.7-1.5-1.3-1.2-1.201.2-
Working Cap
Days
21946513710625477000022840
Cash Conv.
Cycle
133310905114445100059-3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.00%

Sales growth is good in last 4 quarters at 8048.46%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Raj Rayon Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0 -
TTM Sales (₹ Cr.) 794 -
BVPS (₹.) 1.4 -
Reserves (₹ Cr.) 24 -
P/BV 16.39 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 15.05 / 37.46
All Time Low / High (₹) 0.19 / 91.19
Market Cap (₹ Cr.) 1,307
Equity (₹ Cr.) 55.6
Face Value (₹) 1
Industry PE 25.7

Management X-Ray of Raj Rayon Industries:

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 Raj Rayon Industries

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
Sales4701844522747618000137
Operating Expenses 5201866042939230102135
Manufacturing Costs6041825917400023
Material Costs4481344012207016000109
Employee Cost 8797310002
Other Costs 351127291021
Operating Profit -50-3-152-19-16-12-10-22
Operating Profit Margin (%) -10.6%-1.4%-33.6%-6.8%-21.1%-65.0%---1.3%
Other Income 3822003100
Interest 4971892000001
Depreciation 32424848373736362813
Exceptional Items 000000006710
Profit Before Tax -128-108-287-66-53-48-34-35641-13
Tax -40-3300000000
Profit After Tax -88-75-287-66-53-48-34-35641-12
PAT Margin (%) -18.7%-40.8%-63.5%-24.2%-69.0%-265.0%----9.0%
Adjusted EPS (₹)-3.3-2.8-8.3-1.9-1.5-1.4-1.0-1.02,808.0-0.2
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 65-10-356-436-489-537-571-60635104
Share Capital 4141493535353535081
Reserves 24-51-404-471-523-572-605-6403524
Minority Interest0000000000
Debt5446365924907187147097090109
Long Term Debt51553447338924242424069
Short Term Debt29103118102694690685685040
Trade Payables31292564111075
Others Liabilities -95175281525252516724
Total Liabilities 632661436342285230191155102311

Fixed Assets

Gross Block509580580579579574569569320375
Accumulated Depreciation173211259305342376408444232237
Net Fixed Assets33736932027423719816112689138
CWIP 10000000068
Investments 0000000000
Inventories178147187111074
Trade Receivables168144302123171515023
Cash Equivalents 142313300001
Others Assets8544382516141414866
Total Assets 632661436342285230191155102311

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -56-45-47-1-200-5-75
PBT -128-108-287-66-53-48-34-35641-13
Adjustment 791112385037443335-64315
Changes in Working Capital -7-4849241431-1-3-77
Tax Paid -10-50000000
Cash Flow From Investing Activity -77-242201240-6-65
Capex -85-8-1-10040-6-64
Net Investments 000002000-1
Others 8-15231100000
Cash Flow From Financing Activity 14259-17-6-10-4011140
Net Proceeds from Shares 00800000648
Net Proceeds from Borrowing 14660880000-5369
Interest Paid -59-80-44200000-1
Dividend Paid 0000000000
Others 558010-16-10-40065
Net Cash Flow 9-901-100000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-92.95N/AN/AN/AN/AN/AN/AN/A0-21.65
ROCE (%)-14N/AN/AN/AN/AN/AN/AN/A628.14-6.82
Asset Turnover Ratio0.770.330.930.780.250.070000.66
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A-0.01N/A
Working Capital Days
Receivable Days124270623010139400031
Inventory Days538546395873000197
Payable Days478325262555000125

Raj Rayon Industries Ltd Stock News

Raj Rayon Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Raj Rayon Industries on 07-Oct-2024 16:01 is ₹23.50.
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 07-Oct-2024 16:01 the market cap of Raj Rayon Industries stood at ₹1,306.8.
The latest P/E ratio of Raj Rayon Industries as of 07-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Raj Rayon Industries as of 07-Oct-2024 16:01 is 16.39.
The 52-week high of Raj Rayon Industries is ₹37.46 and the 52-week low is ₹15.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raj Rayon Industries is ₹794.3 ( Cr.) .

About Raj Rayon Industries Ltd

 

Raj Rayon Ltd. was incorporated on August 17, 1993 as a public limited company with Registrar of Companies Maharashtra and obtained Certificate of Commencement of Business on September1,1993. The original promoters of the company were Gourishankar Poddar and Ratanchand Jain. The vision of RRL’s mentors is realized by dedicated efforts of professional managers, engineers and a trained labor force. RRL has consistently posted profits right from its inception.

RRL commenced operations in 1993 with just one texturising machine for PTY with production capacity of 600 tons per annum (TPA) of 80 Denier. As on date the production capacity, backed by efficient backward integration of process and machinery, is an impressive 30000 T.P.A. of PTY (based on average of 75/36 SD denier), 40000 T.P.A. of POY and 20000 T.P.A of FDY (based on average of 150/36 SD denier).

Raj Rayon Limited (RRL), a public limited company and one of the leading manufacturers of polyester yarn in India with product range including polyester texturised yarn (PTY), partially oriented yarn (POY) and fully drawn yarn (FDY), backed by high technology plants located at Silvassa in the Union Territory of Dadra & Nagar Haveli, India.

Product range of the company includes:

  • Bright Yarns (Trilobal)
  • Cationic Yarn
  • Cotluk (Full Dull)
  • Colored Yarns (Dope Dyed)
  • Yarns of various cross sections like Tri-lobal, Octa-lobal etc.
  • Fire retardant and Anti-Microbial Yarns

 Milestones

  • 1993-94- Incorporated on 17 th August, 1993 in Mumbai, Maharashtra, commencement of business on 1 st September 1993 Setting-up of Unit I at Village Dadra, Silvassa - Installed one texturising machine with a manufacturing capacity of 600 T.P.A. (capacity based on manufacturing polyester texturised yarn of 80 Denier)
  • 1994-95- Commercial production started at Unit I, commencement of expansion project to double the manufacturing capacity by installing one more texturising machine
  • 1995-96 - IPO of 14,40,000 equity shares at par, commercial production expansion project commenced, which doubled the capacity from 600 T.P.A. to 1,200 T.P.A. (capacity based on manufacturing polyester texturised yarn of 80 Denier)
  • 1996-97 - Commencement of setting-up of Unit II at village Amli, Silvassa, for manufacturing polyester texturised yarn with a capacity of 2,600 T.P.A. (capacity based on manufacturing polyester texturised yarn of 80 Denier)
  • 1997-98 - Commercial production started at Unit II
  • 1998-99 - Further expansion at Unit II - manufacturing polyester texturised yarn with a capacity of 2,600 T.P.A. (capacity based on manufacturing polyester texturised yarn of 80 Denier) by installing four draw texturising machines
  • 1999-00 - Commercial production expansion at Unit II
  • 2001-02 - Commencement of first phase of expansion project at Unit III - Installation of six texturising machines with a manufacturing capacity of 7,590 T.P.A. (capacity based on manufacturing polyester texturised yarn of 80 Denier)
  • 2002-03 - Part completion of first phase of expansion project at Unit III - Installation of four texturising machines
  • 2003-04 - Completion of first phase of expansion project at Unit III - Installation of balance two texturising machines
  • Commencement and completion of second phase of expansion project at Unit III - Installation of six more texturising machines with a manufacturing capacity of 7,650 T.P.A. (capacity based on manufacturing polyester texturised yarn of 80 Denier)
  • Commencement of backward integration project at Unit IV - For production of POY with a manufacturing capacity of 30,000 T.P.A. (capacity based on manufacturing average 150 Denier of POY)
  • 2004-05- Commencement of increase in the backward integration project for manufacturing capacity of POY Project - from earlier 30,000 T.P.A. to 60,000 T.P.A. (capacity based on manufacturing average 150 Denier of POY)
  • 2005-06- Commercial production of partially oriented yarn started at our surangi plant public issue of 85,00,000 equity shares of Rs 10/- each for cash at a price of Rs 65 per equity share aggregating Rs 5525 Lacs
  • 2006-07- Further expansion plan in production capacity of polyester texturised yarn by 14400 tons out of 18 POY lines, five POY has been converted to FDY lines , Listing of shares in NSE
  • 2007-08- Successful completion of expansion plan for PTY at our Surangi Unit.
  • 2008-09- Recognised as an approved export house with the Joint Director General of Foreign Trade, Mumbai.Received ISO 9001:2000 Certification(s) from Bureau Veritas (UKAS) and Bureau Veritas (NABCB).
  • 2010 - ISO certification has been upgraded to ISO 9001 : 2008 by Bureau veritas (UKAS) and Bureau veritas (NABCB)
  • 2011 Change of company Name from Raj Rayon Limited to Raj Rayon Industries Limited w.e.f. 18/08/2010.
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