Reliance Chemotex Industries Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
187.55 2.50 (1.35%)

DeciZen - Make an Informed Decision on Reliance Chemotex

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Reliance Chemotex Price Chart

P/E Ratio (SA) :
8.23
Market Cap :
141.5 Cr.
52-wk low :
176.3
52-wk high :
360
Bole Toh?

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

Past 10 year's financial track record analysis by Moneyworks4me indicates that Reliance Chemotex Industries Ltd is a average quality 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 Weak which suggest that the price of Reliance Chemotex Industries Ltd is likely to Fall 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
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.
Reliance Chemotex Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.9%13%4%7.9%9.9%7.1%7.9%12.4%6.6%12.3%-
Value Creation Index -0.2-0.1-0.7-0.4-0.3-0.5-0.4-0.1-0.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 204250235257291285323300256362383
YoY Gr. Rt. %-22.3%-6.2%9.6%13.2%-2.2%13.6%-7.2%-14.7%41.5%-
Adj EPS 14.417.1-85.312.46.57.215.1725.322.8
YoY Gr. Rt. %-18.4%-146.9%NA132.6%-47.5%11.6%108.2%-53.8%263.1%-
BVPS (₹) 67.972.880.779.5152.1157.6149.7130.1138.4160.9169.9
Adj Net Profit 6.27.7-3.62.45.62.93.211.45.319.117
Cash Flow from Ops. 7.117.30.112.331.910.725.821.627.259.4-
Debt/CF from Ops. 9.83.71274.17.338.73.233.62.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%4.5%3.8%41.5%
Adj EPS 6.4%15.4%51.8%263.1%
BVPS 10.11.12.416.3
Share Price 17.3% 18.9% 44.5% -25.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 14.515.2-6.44.18.84.24.713.85.216.913.8
Op. Profit Mgn % 9.310.44.47.27.66.97.910.59.112.710.7
Net Profit Mgn % 33.1-1.50.91.9113.82.15.34.5
Debt to Equity 1.41.21.41.51.41.31.20.70.910.5
Working Cap Days 89861051129897889711886131
Cash Conv. Cycle 322832302726201939265

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.80%

Net Profit is growing at healthy rate in last 3 years 51.76%

Sales growth is good in last 4 quarters at 18.17%

Sales growth has been subdued in last 3 years 3.83%

Debt to equity has increased versus last 3 years average to 1.03

Latest Financials - Reliance Chemotex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 22.8 -
TTM Sales (₹ Cr.) 383 -
BVPS (₹.) 169.9 -
Reserves (₹ Cr.) 121 -
P/BV 1.10 -
PE 8.23 -
From the Market
52 Week Low / High (₹) 176.30 / 360.00
All Time Low / High (₹) 3.48 / 360.00
Market Cap (₹ Cr.) 141
Equity (₹ Cr.) 7.5
Face Value (₹) 10
Industry PE 11.2

Management X-Ray of Reliance Chemotex :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.4021.4010.7010.7010.7011.4911.490.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Reliance Chemotex

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Reliance Chemotex Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Reliance Chemotex on 25-Nov-2022 18:01 is : 187.6.
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 25-Nov-2022 18:01 the market cap of Reliance Chemotex stood at ₹ 141.5.
The latest PE ratio of Reliance Chemotex as of 25-Nov-2022 18:01 is 8.23.
The latest PB ratio of Reliance Chemotex as of 25-Nov-2022 18:01 is 1.10
The 52-week high of Reliance Chemotex is ₹ 360.0 and the 52-week low is ₹ 176.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Reliance Chemotex is ₹ 383.4 ( Cr.) .

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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