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Reliance Chemotex Industries Ltd. Stock Analysis

Small Cap
Evaluated by 201 users | BSE: 503162 | NSE: |
Textile - Spinning
Reliance Chemotex Industries, an export house recognized by the government of India, is a synthetic spinning unit set up at Udaipur, Rajasthan. It has maintained steady growth since that time under the leadership of Shanker Shroff as Chairman and Sanjiv Shroff as Managing Director. At...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 8.21%9.4%11.24%11.88%12.96%3.99%7.93%9.91%7.07%7.91%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 163188199204250235257291285323
Y-o-Y Gr. Rt.-15.4%5.9%2.5%22.3%-6.2%9.6%13.2%-2.2%13.6%
Adjusted EPS (Rs.) 4.176.59.9614.4417.09-8.015.3112.356.487.23
Y-o-Y Gr. Rt.-55.9%53.2%45%18.4%-146.9%NA132.6%-47.5%11.6%
Book Value per Share (Rs.) 51.1958.859.5167.9472.7580.6779.52152.1157.63149.73
Adjusted Net Profit 1.72.74.16.27.7-3.62.45.62.93.2
Net Op. Cash Flow (Rs. Cr.) 7.41610.57.117.30.112.331.910.725.8
Debt to Cash Flow from Ops 9.13.795.699.773.731,274.127.292.978.743.17
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.
Reliance Chemotex Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.9%5.3%7.9%13.6%
Adjusted EPS 6.3%-15.8%10.8%11.6%
Book Value per Share 12.715.523.5-5
Share Price -5.4% 11.1% -5.1% 3.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 5.918.0410.9514.4815.24-6.434.058.754.184.7
Operating Profit Margin (%) 6.298.269.729.2710.434.47.217.586.97.89
Net Profit Margin (%) 1.041.412.043.023.07-1.530.931.911.021
Debt to Equity 2.321.641.61.441.231.421.531.391.331.22
Working Capital Days 96101928986105112989788
Cash Conversion Cycle 15222932283230272620
Entity Percentage Holding
Promoters 72.65%
Institutions 0.05%
Non-Institutions 27.29%
Pledged *29.2129.2129.2129.2129.210.0021.4021.4021.4021.40
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Reliance Chemotex's performance infers:

Reliance Chemotex earnings have declined by -15.8%, whereas share price has appreciated 11.1% 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 Reliance Chemotex share prices over the last 10 years. Here is what we found out:

Reliance Chemotex share price has appreciated 0.1% annually over the past ten years.

Reliance Chemotex Industries, an export house recognized by the government of India, is a synthetic spinning unit set up at Udaipur, Rajasthan. It has maintained steady growth since that time under the leadership of Shanker Shroff as Chairman and Sanjiv Shroff as Managing Director. 

At present, the plant has 21,120 spindles with state of the art machinery from the blow room to spinning and finishing. All yarn is auto coned, spliced, electronically cleared and
Reliance Chemotex Industries, an export house recognized by the government of India, is a synthetic spinning unit set up at Udaipur, Rajasthan. It has maintained steady growth since that time under the leadership of Shanker Shroff as Chairman and Sanjiv Shroff as Managing Director. 

At present, the plant has 21,120 spindles with state of the art machinery from the blow room to spinning and finishing. All yarn is auto coned, spliced, electronically cleared and TFO twisted. The company has its own HT/HP fibre-dyeing plant. It also has its own independent captive power generation plant. 

The products are backed by ongoing research and development and the company is very quality conscious. The quality of yarn is well established and accepted in European markets and we export about 8000 tons per annum. The annual turnover is approximately Rs.130 crores ($ 32 million). 

Expansion plans for doubling the production capacity by installing new machines are already underway and expected to be completed by the end of 2008. 

Synonymous with quality and innovation, Reliance Chemotex Industries Ltd. continually seeks excellence in the process of spinning synthetic yarn. 

Product range of the company includes:
  • Fiber- dyed and blended yarns of polyester, viscose, and acrylic. 
  • Production of good quality ring spun
  • Fiber -dyed 100% viscose and 100% polyester yarn is the specialty of the company. 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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