Raj Rayon Industries Ltd Stock Analysis

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

BSE Share Price 24-Nov-2022 18:01
57.45 0.00 (0.00%)

DeciZen - Make an Informed Decision on Raj Rayon Industries

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Raj Rayon Industries Price Chart

P/E Ratio (SA) :
4.87
Market Cap :
3,167.1 Cr.
52-wk low :
1.3
52-wk high :
57.5
Bole Toh?

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 Strong which suggest that the price of Raj Rayon Industries Ltd is likely to Rise 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.6%-9.2%-3.9%-43.2%-20.4%-20.5%-23.7%-23%-28.7%151.5%-
Value Creation Index -0.5-1.7NANANANANANANA9.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 71347018445227476.318.2000.11
YoY Gr. Rt. %--34.1%-61%146.1%-39.3%-72.2%-76.2%-100%NANA-
Adj EPS 0.2-3.2-2.8-8.3-1.9-1.5-1.4-1.1-167711.8
YoY Gr. Rt. %--2125%NANANANANANANANA-
BVPS (₹) 5.21.9-1-10.7-12.6-14.1-15.5-16.5-17.5154.22
Adj Net Profit 4.2-86.2-74.9-287-66.5-52.5-48.2-36.3-34.8155651
Cash Flow from Ops. 16.9-56.5-44.7-4.27.4-1.1-1.800-6.7-
Debt/CF from Ops. 21-9.8-15.5-17097.6-662.4-392.255420.937140.70-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -64.8%-81.5%-85.1%NA
Adj EPS 152.9%NANANA
BVPS 45.7000
Share Price 52.9% 192.1% 571.2% 15427%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.3-79.2-271.8156.916.811.39.46.65.9-61.215.1
Op. Profit Mgn % 8.7-10.2-1.4-33.6-6.8-20.7-64.700-4301.5-402.1
Net Profit Mgn % 0.6-18.3-40.8-63.5-24.3-68.8-265.500280944.8105013.8
Debt to Equity 2.38.7-60.6-2-1.7-1.5-1.3-1.2-1.200.3
Working Cap Days 172219465137106254770001,23,5182,138
Cash Conv. Cycle 8013331090511444510051,037902

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.10%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Raj Rayon Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 11.8 -
TTM Sales (₹ Cr.) 0.6 -
BVPS (₹.) 2 -
Reserves (₹ Cr.) 54 -
P/BV 29.09 -
PE 4.87 -
From the Market
52 Week Low / High (₹) 1.29 / 57.45
All Time Low / High (₹) 0.19 / 57.45
Market Cap (₹ Cr.) 3,167
Equity (₹ Cr.) 55.1
Face Value (₹) 1
Industry PE 7.1

Management X-Ray of Raj Rayon Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *19.7519.750.00100.000.000.000.000.000.000.00
* 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 (%)

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 24-Nov-2022 18:01 is : 57.45.
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 24-Nov-2022 18:01 the market cap of Raj Rayon Industries stood at ₹ 3,167.1.
The latest PE ratio of Raj Rayon Industries as of 24-Nov-2022 18:01 is 4.87.
The latest PB ratio of Raj Rayon Industries as of 24-Nov-2022 18:01 is 29.09
The 52-week high of Raj Rayon Industries is ₹ 57.45 and the 52-week low is ₹ 1.29.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Raj Rayon Industries is ₹ 0.62 ( 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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