Rainbow Denim Ltd Stock Analysis

BSE: 532441 | NSE: | Textile - Weaving | Small Cap

BSE Share Price 06-Dec-2022 18:01
3.62 0.17 (4.93%)

DeciZen - Make an Informed Decision on Rainbow Denim

M-Cap below 100cr DeciZen not available

Rainbow Denim Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
4.8 Cr.
52-wk low :
2.7
52-wk high :
10.3
Bole Toh?

1. Is Rainbow Denim Ltd a good quality company?

Data is not available for this company.

2. Is Rainbow Denim Ltd undervalued or overvalued?

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

3. Is Rainbow Denim Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rainbow Denim 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 Rainbow Denim:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -7.7%-2%-18.1%-16.1%-10.1%-4.2%26.6%52.3%23.2%-0.1%-
Value Creation Index NANANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 183162120169222181149716.20.50
YoY Gr. Rt. %--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. Rt. %-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

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -48.6%-70.9%-85.4%-92.6%
Adj EPS NANANANA
BVPS 0000
Share Price 2.7% -6.5% -10.2% 7.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

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 % -0.15.8-7.610.5-2.9-9.3-31.5-233.3-1420.6-278.7
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 -19.4-7.9-3.5-1.5-1.5-0.8-0.9-0.8-0.8-0.8-
Working Cap Days 115121149104981241472321,0556,4400
Cash Conv. Cycle 63577439221419-3842,0240

Recent Performance Summary

Sales growth is good in last 4 quarters at 126.67%

Return on Equity has declined versus last 3 years average to 1.40%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Rainbow Denim Ltd.

Standalone Consolidated
TTM EPS (₹) -1.7 -
TTM Sales (₹ Cr.) 0.4 -
BVPS (₹.) -122.7 -
Reserves (₹ Cr.) -176 -
P/BV -0.03 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 2.67 / 10.25
All Time Low / High (₹) 0.90 / 29.50
Market Cap (₹ Cr.) 4.8
Equity (₹ Cr.) 13.3
Face Value (₹) 10
Industry PE 12.5

Management X-Ray of Rainbow Denim :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Rainbow Denim

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

News

Rainbow Denim Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rainbow Denim on 06-Dec-2022 18:01 is : 3.62.
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 06-Dec-2022 18:01 the market cap of Rainbow Denim stood at ₹ 4.81.
The latest PE ratio of Rainbow Denim as of 06-Dec-2022 18:01 is 0.00.
The latest PB ratio of Rainbow Denim as of 06-Dec-2022 18:01 is -0.03
The 52-week high of Rainbow Denim is ₹ 10.25 and the 52-week low is ₹ 2.67.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Rainbow Denim is ₹ 0.37 ( Cr.) .

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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