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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indo Rama Synthetics (India) Ltd

About the Company -Indo Rama Synthetics (India) Ltd

Indo Rama Synthetics (India) Ltd. is a Public Limited Listed company incorporated on 28/04/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17124MH1986PLC166615 and registration number is 166615. Currently Company is involved in the business activities of Manufacture of synthetic or artificial filament staple fibre not textured. Company’s Total Operating Revenue is Rs. 3901.13 Cr. and Equity Capital is Rs. 261.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Synthetic BlendedA-31, MIDC Industrial Area, Butibori, Nagpur Maharashtra 441122pawank.thakur@indorama-ind.com
http://www.indoramaindia.com
Management
NamePosition Held
Mr. Om Prakash LohiaChairman & Managing Director
Mr. Vishal LohiaWhole Time Director
Mr. Hemant Balkrishna BalWhole Time Director
Mr. Dilip Kumar AgarwalNon Exe.Non Ind.Director
Mr. Dharmpal AgarwalInd. Non-Executive Director
Mr. Suman Jyoti KhaitanInd. Non-Executive Director
Ms. Ranjana AgarwalInd. Non-Executive Director
Mr. Dhanendra KumarInd. Non-Executive Director

Basic Stock Data of Indo Rama Synthetics (India) Ltd

Last Updated: June 20, 2024, 10:43 pm

Market Cap 1,229 Cr.
Current Price 46.8
High / Low67.1/36.4
Stock P/E
Book Value 14.1
Dividend Yield0.00 %
ROCE4.56 %
ROE43.2 %
Face Value 10.0
PEG Ratio0.00

Indo Rama Synthetics (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6208286959921,0991,2521,1791,1378908807701,259940
Expenses5757276609451,0051,1231,1201,1359328577941,228997
Operating Profit44101354895129592-4223-2431-56
OPM %7%12%5%5%9%10%5%0%-5%3%-3%2%-6%
Other Income08023111905114
Interest15151415201411121620243137
Depreciation988888888881010
Profit before tax2186142771107401-660-55-9-99
Tax %-262%-50%1%-91%-35%0%4%-16%0%-1,373%0%0%0%
Net Profit76129145295107391-662-55-9-99
EPS in Rs2.924.930.542.003.654.101.480.04-2.520.06-2.11-0.34-3.79

Last Updated: June 7, 2024, 8:54 am

Indo Rama Synthetics (India) Ltd Quarterly Chart

Indo Rama Synthetics (India) Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,9082,6562,7582,5252,4592,1062,0434,0384,0853,799
Expenses2,8672,6292,6352,4642,4792,1281,9503,7344,0413,811
Operating Profit412712261-20-229330444-12
OPM %1%1%4%2%-1%-1%5%8%1%-0%
Other Income2021365-245520109227
Interest45504354919266626091
Depreciation15814311778798634313133
Profit before tax40-31-33-94-135-1803219-25-130
Tax %-1%56%38%140%40%-75%-3,245%-23%1%
Net Profit40-14-2138-81-317113269-25-128
EPS in Rs2.65-0.89-1.362.48-5.36-12.124.3410.30-0.94-4.91
Dividend Payout %38%-112%-73%40%0%0%0%0%0%

Indo Rama Synthetics (India) Ltd Profit & Loss Yearly Chart

Indo Rama Synthetics (India) Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:%
3 Years:25%
TTM:-14%
Compounded Profit Growth
10 Years:6%
5 Years:%
3 Years:25%
TTM:-299%
Stock Price CAGR
10 Years:11%
5 Years:5%
3 Years:4%
1 Year:-1%
Return on Equity
10 Years:%
5 Years:%
3 Years:28%
Last Year:-4%

Last Updated: April 17, 2024, 12:01 am

Indo Rama Synthetics (India) Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital152152152152152261261261261261
Reserves456436397450350-3972339312248
Borrowings713658517321307471395354890806
Other Liabilities8668238201,0067997909831,1521,2501,480
Total Liabilities2,1872,0691,8861,9291,6081,4831,7112,1052,7132,795
Fixed Assets1,1761,2701,1349358987036917027831,033
CWIP2063616117935324253
Investments104161100000
Other Assets7957917309776987731,0121,3681,6051,509
Total Assets2,1872,0691,8861,9291,6081,4831,7112,1052,7132,795

Indo Rama Synthetics (India) Ltd Reserves and Borrowings Chart

Indo Rama Synthetics (India) Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -28-8922112739-119182200-81
Cash from Investing Activity -34207-3-335340-18-75-348
Cash from Financing Activity 65-115-208-111-9387-174-123479
Net Cash Flow3310-17-18-9250

Indo Rama Synthetics (India) Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days11161629201619171416
Inventory Days464846483657102677367
Days Payable808792136132126221126125120
Cash Conversion Cycle-24-23-30-60-76-53-100-43-38-38
Working Capital Days-7-8-15-24-44-36-35-829
ROCE %-8%1%-1%-8%11%33%3%

Indo Rama Synthetics (India) Ltd Financial Efficiency Indicators Chart

Indo Rama Synthetics (India) Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%74.85%74.85%74.85%74.85%74.85%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.20%0.18%0.19%0.17%0.17%0.16%
DIIs4.79%4.80%4.79%4.78%3.31%3.23%3.07%3.07%3.07%3.07%3.07%3.07%
Government0.12%0.12%0.12%0.13%0.13%0.13%0.00%0.00%0.00%0.00%0.00%0.00%
Public20.09%20.08%20.09%20.09%21.56%21.63%21.71%21.90%21.89%21.91%21.92%21.92%
No. of Shareholders16,30318,71718,39619,23125,02925,52525,54825,25525,02725,26925,89325,878

Indo Rama Synthetics (India) Ltd Shareholding Pattern Chart

No. of Indo Rama Synthetics (India) Ltd Shareholders

This stock is not held by any mutual fund

Indo Rama Synthetics (India) Ltd ROCE Trend

Indo Rama Synthetics (India) Ltd EPS Trend

Indo Rama Synthetics (India) Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-7.79-0.9410.304.34-12.14
Diluted EPS (Rs.)-7.79-0.9410.304.34-12.14
Cash EPS (Rs.)-6.290.2511.505.63-8.83
Book Value[Excl.RevalReserv]/Share (Rs.)14.1021.9322.9912.768.50
Book Value[Incl.RevalReserv]/Share (Rs.)14.1021.9322.9912.768.50
Revenue From Operations / Share (Rs.)148.34156.44154.6578.2481.27
PBDIT / Share (Rs.)-1.252.5411.974.39-0.08
PBIT / Share (Rs.)-2.751.3410.773.10-3.38
PBT / Share (Rs.)-7.79-0.948.400.12-6.91
Net Profit / Share (Rs.)-7.79-0.9410.304.34-12.12
NP After MI And SOA / Share (Rs.)-7.79-0.9410.304.34-12.12
PBDIT Margin (%)-0.841.627.745.61-0.10
PBIT Margin (%)-1.850.856.963.96-4.15
PBT Margin (%)-5.25-0.605.430.16-8.50
Net Profit Margin (%)-5.25-0.606.665.54-14.91
NP After MI And SOA Margin (%)-5.25-0.606.665.54-14.91
Return on Networth / Equity (%)-55.26-4.2844.8234.02-142.57
Return on Capital Employeed (%)-8.972.9133.6313.26-15.37
Return On Assets (%)-6.99-0.9012.776.62-21.34
Long Term Debt / Equity (X)0.990.970.280.691.38
Total Debt / Equity (X)3.581.510.530.911.80
Asset Turnover Ratio (%)1.381.702.071.270.00
Current Ratio (X)0.600.850.810.690.69
Quick Ratio (X)0.320.430.390.320.41
Inventory Turnover Ratio (X)4.625.126.164.490.00
Interest Coverage Ratio (X)-0.241.115.051.74-0.02
Interest Coverage Ratio (Post Tax) (X)-0.540.585.352.90-2.43
Enterprise Value (Cr.)2303.811824.562023.511310.44676.67
EV / Net Operating Revenue (X)0.590.440.500.640.31
EV / EBITDA (X)-70.4327.566.4711.42-317.68
MarketCap / Net Operating Revenue (X)0.260.240.420.490.14
Price / BV (X)2.761.782.863.051.35
Price / Net Operating Revenue (X)0.260.240.420.490.14
EarningsYield-0.20-0.020.150.11-1.05

Indo Rama Synthetics (India) Ltd Profitability Ratios (%)

Indo Rama Synthetics (India) Ltd Liquidity Ratios

Indo Rama Synthetics (India) Ltd Liquidity Ratios (%)

Indo Rama Synthetics (India) Ltd Interest Coverage Ratios (%)

Indo Rama Synthetics (India) Ltd Valuation Ratios

Fair Value

Fair Value: 93.20

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 99.14% compared to the current price 46.8

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 141.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 203.40% compared to the current price ₹46.8

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 52.36%

*Investments are subject to market risks

Strength and Weakness of Indo Rama Synthetics (India) Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -16.60, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -48.50, which is a positive sign.
  1. The stock has a low average ROCE of 3.10%, which may not be favorable.
  2. The company has higher borrowings (543.20) compared to reserves (302.10), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (2.50) and profit (-36.60).

FAQ

What is the latest fair value of Indo Rama Synthetics (India) Ltd?

The latest fair value of Indo Rama Synthetics (India) Ltd is ₹93.20.

What is the Market Cap of Indo Rama Synthetics (India) Ltd?

The Market Cap of Indo Rama Synthetics (India) Ltd is 1,229 Cr..

What is the current Stock Price of Indo Rama Synthetics (India) Ltd as on 21 June 2024?

The current stock price of Indo Rama Synthetics (India) Ltd as on 21 June 2024 is ₹46.8.

What is the High / Low of Indo Rama Synthetics (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indo Rama Synthetics (India) Ltd stocks is 67.1/36.4.

What is the Stock P/E of Indo Rama Synthetics (India) Ltd?

The Stock P/E of Indo Rama Synthetics (India) Ltd is .

What is the Book Value of Indo Rama Synthetics (India) Ltd?

The Book Value of Indo Rama Synthetics (India) Ltd is 14.1.

What is the Dividend Yield of Indo Rama Synthetics (India) Ltd?

The Dividend Yield of Indo Rama Synthetics (India) Ltd is 0.00 %.

What is the ROCE of Indo Rama Synthetics (India) Ltd?

The ROCE of Indo Rama Synthetics (India) Ltd is 4.56 %.

What is the ROE of Indo Rama Synthetics (India) Ltd?

The ROE of Indo Rama Synthetics (India) Ltd is 43.2 %.

What is the Face Value of Indo Rama Synthetics (India) Ltd?

The Face Value of Indo Rama Synthetics (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indo Rama Synthetics (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE