RSWM Ltd - Stock Valuation and Financial Performance

BSE: 500350 | NSE: RSWM | Textile | Small Cap

RSWM Share Price

212.35 4.35 2.09%
as on 11-Oct'24 14:40

DeciZen - make an informed investing decision on RSWM

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

RSWM stock performance -

mw4me loader
P/E Ratio (CD):
0.00
Market Cap:
979.7 Cr.
52-wk low:
163
52-wk high:
270.2

Is RSWM Ltd an attractive stock to invest in?

1. Is RSWM Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that RSWM Ltd is a average quality company.

2. Is RSWM Ltd undervalued or overvalued?

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

3. Is RSWM Ltd a good buy now?

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

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.
RSWM 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.3%14.8%10.9%6.2%3%4.6%4.8%18.6%9.8%2.4%-
Value Creation
Index
0.00.1-0.2-0.6-0.8-0.7-0.70.3-0.3-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,0032,9332,9872,9402,9622,7712,3263,8173,7894,0584,364
Sales YoY Gr.--2.3%1.8%-1.6%0.8%-6.5%-16.1%64.1%-0.8%7.1%-
Adj EPS 23.230.926.93.2-11.4-6.82.265.218.6-16.9-4.7
YoY Gr.-33.3%-12.9%-88.2%-460.6%NANA2862.3%-71.4%-190.8%-
BVPS (₹) 120.6172.7192.7267.2231.4200.6215.4281.7279.6275.4272.4
Adj Net
Profit
83.611298.911.7-42-24.88.124087.8-79.7-22
Cash Flow from Ops. 43833922216626323132021088.9-75.8-
Debt/CF from Ops. 34.16.69.25.552.95.312.9-24.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.4%6.5%20.4%7.1%
Adj EPS -196.6%NA-297.4%-190.8%
BVPS9.6%3.5%8.5%-1.5%
Share Price 5.9% 26.4% -4.9% 12.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
20.720.914.81.4-4.6-3.11.126.27.5-6.1-1.7
Op. Profit
Mgn %
11.513.610.97.76.26.77.611.36.62.32.9
Net Profit
Mgn %
2.83.83.30.4-1.4-0.90.46.32.3-2-0.5
Debt to
Equity
2.92.22.11.61.71.61.21.10.91.5-
Working Cap
Days
10311913714714514516211215317964
Cash Conv.
Cycle
66779610610399110738910010

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.38%

Sales growth is good in last 4 quarters at 19.10%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 1.45

Latest Financials - RSWM Ltd.

Standalone Consolidated
TTM EPS (₹) 8.3 -4.7
TTM Sales (₹ Cr.) 4,364 4,364
BVPS (₹.) 275.1 272.4
Reserves (₹ Cr.) 1,249 1,236
P/BV 0.76 0.76
PE 25.01 0.00
From the Market
52 Week Low / High (₹) 163.00 / 270.20
All Time Low / High (₹) 5.83 / 366.83
Market Cap (₹ Cr.) 980
Equity (₹ Cr.) 47.1
Face Value (₹) 10
Industry PE 29.6

Management X-Ray of RSWM:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of RSWM

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3,0032,9332,9872,9402,9622,7712,3263,8173,7894,058
Operating Expenses 2,6582,5362,6612,7132,7822,5872,1503,3853,5413,963
Manufacturing Costs427418429457472461358538562625
Material Costs1,7881,6211,6941,6991,7661,5461,3002,1362,3132,609
Employee Cost 277317349365351370312401418466
Other Costs 166180189192193209180310247263
Operating Profit 34539832622718018417643224895
Operating Profit Margin (%) 11.5%13.6%10.9%7.7%6.1%6.7%7.5%11.3%6.5%2.3%
Other Income 32253236322639329136
Interest 12512611011712010983687497
Depreciation 135149132124124132128113127153
Exceptional Items 000001400077
Profit Before Tax 11715311828-47-133290152-28
Tax 3241147-91-174429-7
Profit After Tax 8511210421-38-1321246123-21
PAT Margin (%) 2.8%3.8%3.5%0.7%-1.3%-0.5%0.9%6.4%3.2%-0.5%
Adjusted EPS (₹)23.531.128.35.7-10.4-3.75.767.026.1-4.5
Dividend Payout Ratio (%)27%26%28%22%0%0%0%24%19%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4466247089828517377921,0351,3171,297
Share Capital 33232424242424244747
Reserves 4126016859598277147681,0121,2701,250
Minority Interest0000800000
Debt1,1171,1891,2201,3911,2371,0527649871,0661,719
Long Term Debt669564497571573484334462500754
Short Term Debt447626723820665568429525566965
Trade Payables88508076102109137165135200
Others Liabilities 463520560374443337376441751855
Total Liabilities 2,1142,3842,5692,8242,6412,2362,0692,6283,2694,071

Fixed Assets

Gross Block2,2441,2501,4471,4781,5101,4881,4941,5331,7902,225
Accumulated Depreciation1,210138281388368476582600705680
Net Fixed Assets1,0351,1121,1661,0891,1421,0129139321,0851,545
CWIP 12637153957714318332
Investments 9117418546532591122126124246
Inventories399427541528432507450509677810
Trade Receivables197371380439453342379536454645
Cash Equivalents 548131477958
Others Assets261260274250269270190372740786
Total Assets 2,1142,3842,5692,8242,6412,2362,0692,6283,2694,071

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 43833922216626323132021089-76
PBT 11815311828-47-273290152-106
Adjustment 249259223220240220185156121223
Changes in Working Capital 95-44-94-777656108-208-156-191
Tax Paid -25-29-26-5-6-1824-28-28-2
Cash Flow From Investing Activity -277-124-154-61-591517-318-239-362
Capex -262-129-166-88-106-25-6-329-245-221
Net Investments -21101636163011-8
Others 541211121312105-134
Cash Flow From Financing Activity -161-215-68-97-205-390-326111147439
Net Proceeds from Shares 000000002360
Net Proceeds from Borrowing 32-85-23-4176-184-99847166
Interest Paid -125-126-109-117-120-109-87-69-74-97
Dividend Paid -34-23-29-29-5000-59-24
Others -34199391-156-97-1409537393
Net Cash Flow -10080-813-31
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)21.2321.1815.632.48-4.12-1.692.7226.9510.44-1.61
ROCE (%)14.2614.8310.926.213.034.584.7918.559.792.43
Asset Turnover Ratio1.481.311.211.11.081.141.091.641.291.11
PAT to CFO Conversion(x)5.153.032.137.9N/AN/A15.240.850.72N/A
Working Capital Days
Receivable Days27354650555256434749
Inventory Days49515966606175465766
Payable Days16161417182535262423

RSWM Ltd Stock News

RSWM Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of RSWM on 11-Oct-2024 14:40 is ₹212.3.
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 11-Oct-2024 14:40 the market cap of RSWM stood at ₹979.7.
The latest P/E ratio of RSWM as of 11-Oct-2024 14:40 is 25.01.
The latest P/B ratio of RSWM as of 11-Oct-2024 14:40 is 0.76.
The 52-week high of RSWM is ₹270.2 and the 52-week low is ₹163.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RSWM is ₹4,364 ( Cr.) .

About RSWM Ltd

RSWM, incorporated in 1960 as Rajasthan Spinning & Weaving Mills, has business interests in areas of yarn, fabrics, garments and denim. It is one of the largest producers and exporters of polyester viscose blended yarn in the country. RSWM has built one of the most impressive textile manufacturing infrastructures in the country -- 8 state-of-the-art manufacturing plants; 360.000 spindle machines; 176 looms: 100,000 MTA yarn capacity: 35.6 MMA fabric capacity, including denim fabric. The company is part of the LNJ Bhilwara Group. RSWM markets its products under the brand name Mayur Suitings for which it roped in Salman Khan as its brand ambassador.

RSWM possesses strengths and expertise to deliver India’s largest quantities of grey, dyed and melange yarn, while specializing in technical fabric. It is equipped with in-house fabric weaving and processing facilities, with an installed capacity of 12 million metres per annum. Modern technologies and world-class skills have enabled the company to produce the finest quality adhering to stringent international norms. The company has a state-of-the-art garment unit for global customers with a capacity to deliver 13,000 units daily. RSWN also operates 46 MW Captive Thermal Power Plant at Mordi

The company acquired 50% equity stake in SISA SA, Spain that has enhances its presence in higher value added international yarn market.

RSWM exports a complete range of yarn, fabric and garments to over 60 countries across Europe, South Africa, Australia, Korea, Belgium, Singapore, Italy, Egypt and the Gulf countries. With nearly 50% of RSWM's production exported, the company has a significant presence in the world of textiles.

The compnay has also been recognised as a Golden Trading House by the Government of India, having won the prestigious SRTEPC Export Award for several consecutive years.

RSWM set up a 100% subsidiary under the name RSWM International BV Holland. The company also acquired a Bengaluru based textile unit -- Cheslind Textile.

Awards and Recognition

  • RSWM was felicitated with the Rajiv Gandhi National Quality Award.
  • RSWM received the Niryat Shree award-Certificate of Excellence in the Textile and Textile Products (non-SSI) category for the year 2005-2006.
  • RSWM's Rishabhdev unit bagged National Export Award. The unit also bagged SRTEPC Excellence award for highest production in export of 100% Polyester spun yarn.
  • RSWM won the 2007 Excellence Award for Financial Performance and Analysis by Rajasthan Chamber of Commerce and Industry, Jaipur. 

Future Plans

RSWM expects to improve in all its existing businesses, especially due to reduction in the cost of energy with the thermal power plant. Equally, it expects its technologically modern and scaled-up operations to contribute more significantly to the company's performance in the future.

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