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Rainbow Denim Ltd (532441)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532441 NSE: Textile - Weaving | Small Cap | Rainbow Denim Share Price

₹3.44 0.00 (0.00%)

As on 18-May'23 18:01

Rainbow Denim Ltd (532441)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532441 NSE: Textile - Weaving | Small Cap | Rainbow Denim Share Price

₹3.44 0.00 (0.00%)

As on 18-May'23 18:01

Key Metrics
Valuation Multiples
Market Cap
₹5 Cr.
Current Price
₹3.4
52-Week Low / High
₹3 / 3
TTM EPS
₹-1.7
TTM Sales
₹0.4 Cr.
Book Value per Share
₹-122.7
P/E Ratio
0.00
Industry PE
17.1
Price to Book (P/B)
-0.03
In line with its 5-year historical median
Price to Sales (P/S)
12.32
In line with its 5-year historical median
EV/EBITDA
14.74
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
0.00%
Return on Assets (ROA)
-23.23%
Operating Profit Margin
-1,420.6%
Net Profit Margin
-1630.55%
Gross Profit Margin
-1,378.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-92.59%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
72.38%
Pledged shares (%) of Promoter's holding (%)
22.89%
Reserves
₹-176 Cr.
Equity
₹13.3 Cr.
Face Value
₹10
All Time Low / High
₹0.90 / 29.50

Rainbow Denim stock performance

Key Ratios
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10 Year X-Ray :

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.
Rainbow Denim Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -4.4%0.6%-15.7%-11.7%-6.2%19.7%0%0%0%0%-
Value Creation
Index
NANANANANANANANANANA-

Growth Parameters

Sales 183162120169222181149716.20.50
Sales YoY Gr.--11.6%-25.7%40%31.7%-18.3%-17.8%-52.3%-91.3%-92.6%-
Adj EPS -10.7-14.6-21.2-14.7-7.4-6.8-11.1-16-12.1-5.7-1.7
YoY Gr.-NANANANANANANANANA-
BVPS (₹) -3.9-24.9-30.8-77.8-85.2-92-95.8-104.4-116-121.7-122.7
Adj Net
Profit
-19.4-10.7-28.2-19.6-9.8-9.1-14.7-21.2-16-7.5-2
Cash Flow from Ops. 23.72.60.3-0.139.3-16.34.2-2.3-0.4-
Debt/CF from Ops. 5.856.2508.4-1330.956.810.6-6.924.7-51.9-304.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -48.6%-70.9%-85.4%-92.6%
Adj EPS NANANANA
BVPSNANANANA
Share Price -5.6% 16.4% - -

Key Financial Parameters

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on
Equity %
-2731.2161.4106.127.197.711.815.9114.81.4
Op. Profit
Mgn %
-0.15.8-7.610.5-2.9-9.3-31.5-233.3-1420.612.8
Net Profit
Mgn %
-10.6-6.6-23.4-11.6-4.4-5-9.9-29.8-258-1646.2-606.6
Debt to
Equity
-19.4-7.9-3.5-1.5-1.5-0.8-0.9-0.8-0.8-0.81.3
Working Cap
Days
115121149104981241472321,0556,44056
Cash Conv.
Cycle
63577439221419-3842,0245

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Sales183.38162.18120.47168.61222.03181.31149.0471.046.210.46
Operating Expenses + 183.50152.90130.03166.88220.85186.65162.8493.4420.896.96
Manufacturing Costs41.8742.1030.6644.0964.3752.3543.5920.961.100.36
Material Costs119.7290.1881.17102.07129.09106.9192.8946.825.561.92
Employee Cost 13.6613.8512.5713.1616.7816.7116.8314.6611.393.94
Other Costs 8.256.775.637.5610.6110.699.5311.012.850.74
Operating Profit -0.129.28-9.561.731.18-5.34-13.80-22.40-14.68-6.50
Operating Profit Margin (%) -0.1%5.7%-7.9%1.0%0.5%-2.9%-9.3%-31.5%-236.0%-1,420.6%
Other Income + 1.330.700.360.600.1611.4624.8025.2811.6111
Exceptional Items 1.26000000000
Interest 11.3511.3710.0210.736.5712.0213.8412.2011.2010.81
Depreciation 8.969.169.1511.124.513.052.272.011.891.15
Profit Before Tax -17.84-10.55-28.38-19.52-9.73-8.95-5.11-11.33-16.16-7.46
Tax 0000000000
Profit After Tax -17.84-10.55-28.38-19.52-9.73-8.95-5.11-11.33-16.16-7.46
PAT Margin (%) -9.7%-6.5%-23.6%-11.6%-4.4%-4.9%-3.4%-15.9%-260.0%-1,630.6%
Adjusted EPS (₹)-9.8-14.5-21.4-14.7-7.3-6.7-3.9-8.5-12.2-5.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Rainbow Denim - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21

Equity and Liabilities

Shareholders Fund + -7.09-18.11-40.96-103.40-113.13-122.14-127.30-138.70-154.12-161.65
Share Capital 18.217.2813.2813.2813.2813.2813.2813.2813.2813.28
Reserves -25.30-25.39-54.24-116.68-126.41-135.43-140.59-151.99-167.40-174.93
Debt +127.50127.70122.37132.65148.6082.54102.2582.0479.9258.14
Long Term Debt104.7391.4288.19110.21144.6480.8095.3380.5076.4354.66
Short Term Debt22.7636.2834.1922.443.961.736.911.543.493.49
Minority Interest0000000000
Trade Payables24.3021.6720.4230.5744.3848.6052.6543.9035.1235.13
Others Liabilities 20.0728.2134.4332.9622.4081.7766.1265.627398.68
Total Liabilities 164.77159.48136.2792.78102.2590.7693.7152.8633.9230.30

Fixed Assets

Net Fixed Assets +111.57102.0492.5338.5735.2332.8629.4725.9724.0822.92
Gross Block200.48200.25200.37200.44201.55202.20200198.46198.46198.46
Accumulated Depreciation88.9098.21107.83161.87166.32169.34170.53172.49174.38175.54
CWIP 0000000000
Investments 0.040.040.040.040.030.030.030.030.030.03
Inventories21.7123.2015.9717.0621.1613.9515.1310.124.602.67
Trade Receivables23.1726.5722.5930.9633.5937.8740.5811.901.641.30
Cash Equivalents 1.931.371.490.670.791.200.640.260.480.54
Others Assets 6.346.263.655.4811.464.857.864.593.092.84
Total Assets 164.77159.48136.2792.78102.2590.7693.7152.8633.9230.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Cash Flow From Operating Activity + 23.712.560.28-0.112.959.28-16.294.23-2.27-0.42
PBT -17.84-10.55-28.38-19.52-9.73-9.02-5.16-11.40-15.41-7.53
Adjustment 17.0619.0919.0721.2210.913.52-8.64-7.041.771.03
Changes in Working Capital 24.5-5.989.59-1.811.7714.78-2.4822.6711.386.08
Tax Paid 0000000000
Cash Flow From Investing Activity + -6.11-0.502.580.31-0.99-0.7214.7916.110.550.48
Capex -4.99-0.17-0.12-0.09-1.17-1.3114.6515.0500
Net Investments 0.010000.02000.0400
Others -1.13-0.322.700.400.160.590.141.020.550.48
Cash Flow From Financing Activity + -18.06-2.63-2.75-1.02-1.84-8.150.93-20.721.93-0
Net Proceeds from Shares 0.19000000000
Net Proceeds from Borrowing -9.02-13.31-3.23-1.111.51-3.67-1.25-14.3800
Interest Paid -12.76-8.66-2.20-2.92-2.13-2.24-3-0.97-0.01-0
Dividend Paid 0000000000
Others 3.5319.342.693.01-1.22-2.235.18-5.381.950
Net Cash Flow -0.45-0.560.12-0.820.120.41-0.56-0.380.220.05

Financial Ratio

PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.0610.811.472.281.881.620.970.140.01
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days42.205674.505853.1071.9096.10134.80397.601,174.40
Inventory Days61.4050.5059.3035.8031.4035.3035.6064.90432.102,899.80
Payable Days59.609394.7091.20106158.70198.90376.302,593.206,664.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.8122.8122.8122.8122.8122.8122.8122.8922.8922.89
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Rainbow Denim Ltd FAQs

The current trading price of Rainbow Denim on 18-May-2023 18:01 is ₹3.44.

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 17-May-2023 the market cap of Rainbow Denim stood at ₹4.57 Cr

The latest P/E ratio of Rainbow Denim as of 17-May-2023 is 0.00.

The latest P/B ratio of Rainbow Denim as of 17-May-2023 is -0.03.

The 52-week high of Rainbow Denim is ₹3.44 and the 52-week low is ₹3.16.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rainbow Denim is ₹0.37 ( Cr.) .

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

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

No data found

About Rainbow Denim Ltd

Rainbow Denim Limited, a division of Rama Petrochemicals, aims to strengthen India’s present position of third largest producer of denim in the world by becoming a leading player in the industry, both in India and overseas. Set in the state of Punjab, their ultramodern plant uses the preferred rope-dyeing technology and has capacity to produce 18 million meters of denim per year.

The fabric is intended for exports to the developed markets of the world and the plant adheres to the strictest international norms of technology and environment-friendly processes. To keep pace with international fashion trends, Denim is not only produced in shades of blue, but various other colours as well, making Rainbow part of the select few in India with such manufacturing capabilities.

The modern, integrated plant of Spinning, Dyeing, Weaving and Finishing is equipped with state-of-the-art quality control systems at all the stages.

Rainbow has most modern Spinning Machines available in the industry. It has Blow Room/Automatic Bale Opener and Cards of ‘Crosrol Make’. These machines are equipped with latest technology like PLC, PNP and NPN Sensor, MCB to give trouble free working. Entire system is automatically synchronized with the help of Photohelic. No manual operation is required at any stage. These are also connected to a centralized waste evacuation to remove the cotton waste generated during process. Cards are equipped with Long Term and Mid Term Auto-leveller to maintain the uniformity of Sliver and are having on line monitoring system called Card Management System (CMS). Length of Sliver, quality of Sliver in terms of CV% and other technical parameters can be adjusted on CMS as per the requirement of production.

Products manufactured by the company:

They manufacture all the three categories of Denim:

  • Light Weight Denim (6.50 to   8.50 per square yard)
  • Medium Weight Denim (9.00 to 12.50 per square yard)
  • Heavy Weight Denim (13.50 to 14.75 per square yard)

Varieties:

  • Basic Denim (Open End x Open End)
  • Slub Denim (Slub x Open End)
  • Cross Hatch (Slub x Slub)
  • Poly Denim (Cotton x Polyester)
  • Stretch Denim (Cotton x Lycra)
  • Ring Slub Denim
  • Fancy Denim

Other varieties for the fashion demanding clients.

Achievements/ recognition:

  • National Quality Award 2000 'Golden Peacock National Award' instituted by the Indian Chapter of World Quality Council, for outstanding achievement in pursuit of total quality.
  • The products of the company have been certified for OEKO-Tex Standard 100 by the Oeko-Tex.
  • An ISO 14001 certified company.
  • Accredited Certification by NQA/QSR Quality System Register under endorsement of JAS-ANZ (Australia  and New Zealand).
  • 'Export House' issued by the Ministry of Commerce and Industry, Government of India.
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