Reliance Chemotex Industries Ltd Stock Analysis

BSE: 503162 | NSE: | Textile - Spinning | Small Cap

BSE Share Price Jan 20, 18:01
319.70 5.00 (1.59%)

DeciZen - Make an Informed Decision on Reliance Chemotex

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

1. Is Reliance Chemotex Industries Ltd a good quality company?

Data is not available for this company.

2. Is Reliance Chemotex Industries Ltd undervalued or overvalued?

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

3. Is Reliance Chemotex Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Reliance Chemotex 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 Reliance Chemotex:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 11.2%11.9%13%4%7.9%9.9%7.1%7.9%12.4%6.6%-
Value Creation Index -0.2-0.2-0.1-0.7-0.4-0.3-0.5-0.4-0.1-0.5-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 199204250235257291285323300256325
YoY Gr. Rt. %-2.5%22.3%-6.2%9.6%13.2%-2.2%13.6%-7.2%-14.7%-
Adj EPS 1014.417.1-85.312.46.57.215.1720.9
YoY Gr. Rt. %-45%18.4%-146.9%NA132.6%-47.5%11.6%108.2%-53.8%-
BVPS (₹) 59.567.972.880.779.5152.1157.6149.7130.1138.4146.3
Adj Net Profit 4.16.27.7-3.62.45.62.93.211.45.316
Cash Flow from Ops. 10.57.117.30.112.331.910.725.821.627.2-
Debt/CF from Ops. 5.79.83.71274.17.338.73.233.6-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 2.8%-0.1%-3.5%-14.7%
Adj EPS -3.9%5.6%2.4%-53.8%
BVPS 9.811.7-4.36.4
Share Price 10.6% 36.8% 71.2% 303.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 1114.515.2-6.44.18.84.24.713.85.214.7
Op. Profit Mgn % 9.79.310.44.47.27.66.97.910.59.111.8
Net Profit Mgn % 233.1-1.50.91.9113.82.14.8
Debt to Equity 1.61.41.21.41.51.41.31.20.70.90.5
Working Cap Days 92898610511298978897117140
Cash Conv. Cycle 293228323027262019397

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Debt to equity has declined versus last 3 years average to 0.92

Sales growth is good in last 4 quarters at 42.36%

Sales growth has been subdued in last 3 years -3.51%

Net Profit has been subdued in last 3 years 2.41%

Latest Financials - Reliance Chemotex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 20.9 -
TTM Sales (₹ Cr.) 325 -
BVPS (₹.) 146.3 -
Reserves (₹ Cr.) 103 -
P/BV 2.19 -
PE 15.29 -
From the Market
52 Week Low / High (₹) 71.10 / 360.00
All Time Low / High (₹) 3.48 / 360.00
Market Cap (₹ Cr.) 241
Equity (₹ Cr.) 7.5
Face Value (₹) 10
Industry PE 19.1

Management X-Ray of Reliance Chemotex :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.4021.4021.4021.4021.4010.7010.7010.7011.4911.49
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Reliance Chemotex Industries Ltd

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. 

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