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Last Updated on: 28 February, 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

Indo Rama Synthetics (India) Ltd. Share Price Update

Share PriceValue
Today₹50.80
Previous Day₹53.60

Basic Stock Data of Indo Rama Synthetics (India) Ltd

Market Cap 1,426 Cr.
Current Price 54.6
High / Low67.1/36.3
Stock P/E
Book Value 19.5
Dividend Yield0.00 %
ROCE3.08 %
ROE3.79 %
Face Value 10.0

Data Source: screener.in

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

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:-19%
Compounded Profit Growth
10 Years:6%
5 Years:%
3 Years:25%
TTM:-153%
Stock Price CAGR
10 Years:15%
5 Years:13%
3 Years:22%
1 Year:21%
Return on Equity
10 Years:%
5 Years:%
3 Years:28%
Last Year:-4%

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 2023
Debtor Days111616292016191714
Inventory Days4648464836571026773
Days Payable808792136132126221126125
Cash Conversion Cycle-24-23-30-60-76-53-100-43-38
Working Capital Days-7-8-15-24-44-36-35-82
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 23Mar 22Mar 21Mar 20Mar 17
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.9410.304.34-12.14-5.29
Diluted EPS (Rs.)-0.9410.304.34-12.14-5.36
Cash EPS (Rs.)0.2511.505.63-8.83-0.12
Book Value[Excl.RevalReserv]/Share (Rs.)21.9322.9912.768.5033.05
Book Value[Incl.RevalReserv]/Share (Rs.)21.9322.9912.768.5033.05
Revenue From Operations / Share (Rs.)156.44154.6578.2481.27162.56
PBDIT / Share (Rs.)2.5411.974.39-0.081.81
PBIT / Share (Rs.)1.3410.773.10-3.38-3.42
PBT / Share (Rs.)-0.948.400.12-6.91-9.73
Net Profit / Share (Rs.)-0.9410.304.34-12.12-5.36
NP After MI And SOA / Share (Rs.)-0.9410.304.34-12.12-5.36
PBDIT Margin (%)1.627.745.61-0.101.11
PBIT Margin (%)0.856.963.96-4.15-2.10
PBT Margin (%)-0.605.430.16-8.50-5.98
Net Profit Margin (%)-0.606.665.54-14.91-3.29
NP After MI And SOA Margin (%)-0.606.665.54-14.91-3.29
Return on Networth / Equity (%)-4.2844.8234.02-142.57-16.23
Return on Capital Employeed (%)2.9133.6313.26-15.37-8.60
Return On Assets (%)-0.9012.776.62-21.34-5.06
Long Term Debt / Equity (X)0.970.280.691.380.16
Total Debt / Equity (X)1.510.530.911.800.49
Asset Turnover Ratio (%)1.702.071.270.001.40
Current Ratio (X)0.850.810.690.690.60
Quick Ratio (X)0.430.390.320.410.41
Inventory Turnover Ratio (X)5.126.164.490.008.53
Dividend Payout Ratio (NP) (%)0.000.000.000.00-18.64
Dividend Payout Ratio (CP) (%)0.000.000.000.00-778.46
Earning Retention Ratio (%)0.000.000.000.00118.64
Cash Earning Retention Ratio (%)0.000.000.000.00878.46
Interest Coverage Ratio (X)1.115.051.74-0.020.30
Interest Coverage Ratio (Post Tax) (X)0.585.352.90-2.430.02
Enterprise Value (Cr.)1824.562023.511310.44676.67673.67
EV / Net Operating Revenue (X)0.440.500.640.310.27
EV / EBITDA (X)27.566.4711.42-317.6824.46
MarketCap / Net Operating Revenue (X)0.240.420.490.140.20
Retention Ratios (%)0.000.000.000.00118.64
Price / BV (X)1.782.863.051.350.98
Price / Net Operating Revenue (X)0.240.420.490.140.20
EarningsYield-0.020.150.11-1.05-0.16

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 of Indo Rama Synthetics (India) Ltd Stock

Fair Value: ₹11.31

The stock is overvalued by 79.29% compared to the current price ₹54.6

*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 -19.44, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -49.67, which is a positive sign.
  1. The stock has a low average ROCE of 3.44%, 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).

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