Past 10 year’s financial track record analysis by Moneyworks4me indicates that Richa Industries Ltd is a below average quality company.
The key valuation ratios of Richa Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Richa Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.1% | 13.1% | 11.2% | 9% | 9.4% | 7.5% | -30.7% | -68.1% | -27.2% | -25.6% | - |
| Value Creation Index ⓘ | -0.4 | -0.1 | -0.2 | -0.4 | -0.3 | -0.5 | -3.2 | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 301 | 270 | 277 | 302 | 480 | 506 | 192 | 156 | 42.6 | 35.1 | 35 |
| Sales YoY Gr. | - | -10.6% | 2.6% | 9.3% | 58.8% | 5.5% | -62% | -19.1% | -72.6% | -17.7% | - |
| Adj EPS ⓘ | 3.9 | 11.3 | 7.1 | 3.2 | 4.3 | 1.3 | -45.2 | -62.9 | -24.5 | -19.7 | -19.7 |
| YoY Gr. | - | 192.2% | -36.5% | -54.6% | 34% | -70.3% | -3601.6% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 43.4 | 50.7 | 47.4 | 50.6 | 54.2 | 55.4 | 10.2 | -63.3 | -87.7 | -107.4 | 0 |
| Adj Net Profit ⓘ | 6.5 | 19 | 15.9 | 7.2 | 10.2 | 3 | -106 | -147 | -57.3 | -46.2 | -46 |
| Cash Flow from Ops. ⓘ | 29.4 | 23.7 | 27.8 | 7.3 | 9.5 | 41.7 | 23.2 | -31.6 | -6.5 | 0 | - |
| Debt/CF from Ops. ⓘ | 6.3 | 8.3 | 6.5 | 26 | 20.9 | 4.3 | 9.3 | -8.5 | -47.7 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -21.3% | -40.8% | -43.3% | -17.7% | ||||
| Adj EPS ⓘ | -219.9% | -235.4% | NA | NA | ||||
| BVPSⓘ | -210.6% | -214.7% | -318.9% | NA | ||||
| Share Price | -24.1% | -4.9% | 33.1% | -7.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.9 | 23.9 | 16.6 | 6.6 | 8.5 | 2.4 | -137.4 | 237.8 | 32.4 | 20.2 | 36.7 |
| Op. Profit Mgn % ⓘ | 12.5 | 19.3 | 16.7 | 15.1 | 10.2 | 8.2 | -33.1 | -58.3 | -25 | -23.3 | -110.7 |
| Net Profit Mgn % ⓘ | 2.2 | 7.1 | 5.8 | 2.4 | 2.1 | 0.6 | -55 | -94.7 | -134.5 | -131.8 | -131.8 |
| Debt to Equity ⓘ | 2.5 | 2.3 | 1.7 | 1.7 | 1.6 | 1.4 | 8.9 | -1.8 | -1.5 | -1.4 | - |
| Working Cap Days ⓘ | 178 | 236 | 304 | 326 | 239 | 256 | 492 | 338 | 679 | 829 | 252 |
| Cash Conv. Cycle ⓘ | 148 | 178 | 196 | 221 | 163 | 173 | 359 | 225 | 266 | 257 | -155 |
No data to display
Return on Equity has declined versus last 3 years average to 36.70%
Sales growth has been subdued in last 3 years -43.31%
Sales growth is not so good in last 4 quarters at -63.02%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -19.7 | -24.5 |
| TTM Sales (₹ Cr.) | 35.1 | 42.6 |
| BVPS (₹.) ⓘ | 0 | 0 |
| Reserves (₹ Cr.) ⓘ | -275 | -234 |
| P/BV ⓘ | 0.00 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1.14 / 2.27 |
| All Time Low / High (₹) | 0.31 / 161.80 |
| Market Cap (₹ Cr.) | 3.3 |
| Equity (₹ Cr.) | 23.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.4 |
| Pledged * | 62.67 | 62.67 | 62.67 | 62.67 | 62.67 | 65.96 | 62.67 | 62.67 | 62.67 | 62.67 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 301.41 | 269.60 | 276.50 | 302.31 | 480.07 | 506.41 | 192.46 | 155.67 | 42.62 | 35.06 |
| Operating Expenses ⓘ | 263.65 | 217.60 | 230.32 | 256.74 | 431.10 | 464.89 | 256.07 | 246.48 | 53.28 | 43.22 |
| Manufacturing Costs | 17.16 | 14.05 | 15.56 | 26.47 | 24.60 | 42.54 | 12.68 | 29.36 | 23.41 | 1.03 |
| Material Costs | 226.89 | 180.97 | 187.85 | 204.45 | 370.59 | 388.91 | 218.38 | 190.75 | 17.75 | 26.90 |
| Employee Cost | 12.76 | 14.54 | 16.67 | 17.47 | 19.39 | 19.63 | 16.32 | 12.89 | 6.94 | 5.52 |
| Other Costs ⓘ | 6.83 | 8.03 | 10.23 | 8.35 | 16.52 | 13.82 | 8.68 | 13.48 | 5.19 | 9.77 |
| Operating Profit ⓘ | 37.77 | 52.01 | 46.19 | 45.57 | 48.97 | 41.52 | -63.61 | -90.81 | -10.66 | -8.16 |
| Operating Profit Margin (%) | 12.5% | 19.3% | 16.7% | 15.1% | 10.2% | 8.2% | -33.0% | -58.3% | -25.0% | -23.3% |
| Other Income ⓘ | 0.76 | 1.79 | 1.19 | 0.58 | 0.92 | 0.82 | 0.52 | 0.51 | 0.30 | 0.14 |
| Interest ⓘ | 19.70 | 23.35 | 22.71 | 27.36 | 27.70 | 29.61 | 31.15 | 35.65 | 37.81 | 29.31 |
| Depreciation ⓘ | 6.90 | 7.50 | 6.09 | 8.78 | 9.17 | 8.58 | 9.06 | 9.25 | 9.14 | 8.86 |
| Exceptional Items ⓘ | -0.63 | -8.11 | -9.45 | -1.46 | 0.60 | -0.17 | -0.08 | -35.33 | 0 | 0 |
| Profit Before Tax ⓘ | 11.30 | 14.83 | 9.13 | 8.55 | 13.62 | 3.99 | -103.37 | -170.54 | -57.32 | -46.19 |
| Tax ⓘ | 5.21 | 1.47 | -0.29 | 1.33 | 3.03 | 1.08 | 2.51 | 1.66 | 0 | 0 |
| Profit After Tax | 6.09 | 13.36 | 9.41 | 7.22 | 10.59 | 2.91 | -105.88 | -172.20 | -57.32 | -46.19 |
| PAT Margin (%) | 2.0% | 5.0% | 3.4% | 2.4% | 2.2% | 0.6% | -55.0% | -110.0% | -134.0% | -131.0% |
| Adjusted EPS (₹) | 3.6 | 7.9 | 4.2 | 3.2 | 4.5 | 1.2 | -45.2 | -73.5 | -24.5 | -19.7 |
| Dividend Payout Ratio (%) | 14% | 6% | 12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 73.51 | 85.89 | 105.82 | 113.04 | 127.06 | 129.96 | 24.08 | -148.11 | -205.43 | -251.62 |
| Share Capital ⓘ | 17.01 | 17.01 | 22.40 | 22.40 | 23.52 | 23.52 | 23.52 | 23.52 | 23.52 | 23.52 |
| Reserves ⓘ | 56.50 | 68.88 | 83.41 | 90.64 | 103.54 | 106.45 | 0.56 | -171.63 | -228.95 | -275.14 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 185.13 | 195.80 | 180.66 | 175 | 183.40 | 164.90 | 206.83 | 268.95 | 311.47 | 346.28 |
| Long Term Debt | 92.36 | 91.80 | 76.62 | 48.49 | 35.46 | 17.10 | 28.81 | 10.69 | 10.69 | 11.01 |
| Short Term Debt | 92.77 | 104 | 104.04 | 126.51 | 147.94 | 147.81 | 178.02 | 258.25 | 300.78 | 335.27 |
| Trade Payables | 16.44 | 46.44 | 77.60 | 53.17 | 91.79 | 90.86 | 41.41 | 37.80 | 33.42 | 42.55 |
| Others Liabilities ⓘ | 39.24 | 35.22 | 55.68 | 86.01 | 89.98 | 98.09 | 64.02 | 36.91 | 43.25 | 39.35 |
| Total Liabilities ⓘ | 314.32 | 363.35 | 419.76 | 427.22 | 492.24 | 483.82 | 336.35 | 195.55 | 182.72 | 176.56 |
Fixed Assets | ||||||||||
| Gross Block | 183.36 | 185.53 | 181.57 | 183.15 | 176.82 | 171.78 | 183.96 | 183.61 | 183.61 | 92.65 |
| Accumulated Depreciation | 24.74 | 29.13 | 31.24 | 39.97 | 48.24 | 55.57 | 64.28 | 72.96 | 82.10 | 0 |
| Net Fixed Assetsⓘ | 158.62 | 156.41 | 150.33 | 143.18 | 128.58 | 116.21 | 119.67 | 110.65 | 101.52 | 92.65 |
| CWIP ⓘ | 0.47 | 4.13 | 0 | 0.04 | 0 | 1.01 | 0.03 | 0 | 0 | 0 |
| Investmentsⓘ | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.01 | 0.01 | 0.01 |
| Inventories | 95.66 | 118.64 | 160.79 | 207.46 | 228.11 | 198.21 | 139.17 | 11.82 | 11.39 | 6.86 |
| Trade Receivables | 49.01 | 71.79 | 89.88 | 57.73 | 108.58 | 139.94 | 45.95 | 46.49 | 45.01 | 48.66 |
| Cash Equivalents | 4.37 | 3.98 | 5.75 | 6.36 | 10.93 | 6.40 | 8.66 | 3.90 | 3.56 | 2.20 |
| Others Assetsⓘ | 5.47 | 7.68 | 12.30 | 11.73 | 15.33 | 21.33 | 22.14 | 22.68 | 21.23 | 26.17 |
| Total Assets ⓘ | 314.32 | 363.35 | 419.76 | 427.22 | 492.24 | 483.82 | 336.35 | 195.55 | 182.72 | 176.56 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 29.40 | 23.65 | 27.79 | 7.30 | 9.47 | 41.71 | 23.15 | -31.57 | -6.53 | 0 |
| PBT ⓘ | 11.30 | 14.83 | 9.13 | 8.55 | 13.62 | 3.99 | -103.37 | -172.20 | -57.32 | 0 |
| Adjustment ⓘ | 25.90 | 31.27 | 36.32 | 35.82 | 35.55 | 40.17 | 40.19 | 44.62 | 46.94 | 0 |
| Changes in Working Capital ⓘ | -5.8 | -19.88 | -15.29 | -35.82 | -39.63 | -2.44 | 86.33 | 96 | 3.84 | 0 |
| Tax Paid ⓘ | -2 | -2.57 | -2.36 | -1.25 | -0.06 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -24.62 | -10.31 | -5.33 | -1.68 | 6.06 | 2.61 | -11.62 | -0.18 | 1.44 | 0 |
| Capex | -24.15 | -6.65 | -5.33 | -1.68 | 6.06 | 2.61 | -11.62 | -0.35 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.71 | 0 | 0 |
| Others ⓘ | -0.47 | -3.67 | 0 | 0 | 0 | 0 | 0 | -0.54 | 1.44 | 0 |
| Cash Flow From Financing Activityⓘ | -4.51 | -13.73 | -20.69 | -5.01 | -10.97 | -48.86 | -9.26 | 26.98 | 4.76 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1.03 | -7.27 | -8.85 | -8.37 | -9.92 | -8.31 | 4.52 | -18.11 | 0 | 0 |
| Interest Paid ⓘ | -18.26 | -22.11 | -20.08 | -25.14 | -24.21 | -27.61 | -28.72 | -35.13 | -37.81 | 0 |
| Dividend Paid ⓘ | -0.99 | -0.85 | -1.43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 15.77 | 16.50 | 9.66 | 28.50 | 23.17 | -12.94 | 14.93 | 80.23 | 42.56 | 0 |
| Net Cash Flow ⓘ | 0.26 | -0.39 | 1.77 | 0.61 | 4.57 | -4.53 | 2.27 | -4.76 | -0.34 | 0 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.32 | 16.79 | 9.83 | 6.61 | 8.83 | 2.26 | -137.63 | N/A | N/A | N/A |
| ROCE (%) | 12.28 | 14.13 | 11.21 | 12.19 | 13.17 | 10.6 | -26.34 | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.99 | 0.8 | 0.71 | 0.71 | 1.04 | 1.04 | 0.51 | 0.59 | 0.23 | 0.2 |
| PAT to CFO Conversion(x) | 4.83 | 1.77 | 2.95 | 1.01 | 0.89 | 14.33 | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 52 | 82 | 107 | 89 | 63 | 90 | 161 | 108 | 392 | 488 |
| Inventory Days | 118 | 145 | 184 | 222 | 166 | 154 | 293 | 177 | 99 | 95 |
| Payable Days | 26 | 63 | 121 | 117 | 71 | 86 | 111 | 76 | 733 | 515 |
Richa Industries, formerly the Richa Knits Ltd, was established in 1991 under the dynamic leadership of Sushil Gupta with an investment of Rupees 20 lakh to establish a name in the textile industry and play a cardinal role as a quality product and services suppliers.
Richa Knits today is a well established vertically integrated profit making publically listed company.
Richa, after an IPO in 2006, ramped up its manufacturing and production facilities to almost two and half times and currently is one of the largest single company manufacturing facility in Northern India in the segment of dyeing, processing and finishing of fabric and garments.
The company started with single location single product company and today it is a multi location, multi-product company with an established brand name as quality product supplier both domestically and internationally.
The company's management has focused to be most updated on the technology front and has been continuously upgrading their facilities in all segments of the operations. The company’s operations, production, sales and profitability’s all location can be viewed practically on a hourly basis.
With a small employee base of thirty persons to current employee strength of over 1000 was possible due to the excellent human relation and concern for employees well being and their training and development.The company has been socially responsible and has been conducting lot of programmes such as creation of infrastructure, roads, electricity, drainage system etc. for villages in an around the manufacturing facilities of the company. They have also been conducting medical health check up, blood donation camps etc.
The current turnover of the company is over Rs 100 crore and PAT of over Rs 8.5 crore (FY 2007-08)
Business are of the company
Manufacturing of Knitted fabric, Dyeing Processing and finishing of organic cotton and manmade fiber fabric and manufacture of garment for domestic and export markets.
Different divisions of the company:
Achievements/ recognition:-
Awards:
Certificates:
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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