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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ruby Mills Ltd

About the Company - Ruby Mills Ltd

Ruby Mills Ltd. is a Public Limited Listed company incorporated on 09/01/1917 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17120MH1917PLC000447 and registration number is 000447. Currently Company is involved in the business activities of Finishing of cotton and blended cotton textiles.. Company’s Total Operating Revenue is Rs. 198.95 Cr. and Equity Capital is Rs. 8.36 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Composite MillsRuby House, J K Sawant Marg, Mumbai Maharashtra 400028info@rubymills.com
http://www.rubymills.com
Management
NamePosition Held
Mrs. Aruna Manharlal ShahChairman Emeritus
Mr. Hiren Manharlal ShahExecutive Chairman
Mr. Viraj Manharlal ShahManaging Director
Mr. Bharat Manharlal ShahManaging Director
Mr. Purav Hiren ShahExecutive Director
Mr. Deepak R ShahNon Exe.Non Ind.Director
Mr. Rahul G DivanInd. Non-Executive Director
Mr. Yogen S LathiaInd. Non-Executive Director
Mrs. Jasvanti PatelInd. Non-Executive Director
Mr. Shardul J ThackerInd. Non-Executive Director
Mr. Mehernosh R CurrawallaInd. Non-Executive Director

Ruby Mills Ltd. Share Price Update

Share PriceValue
Today₹226.05
Previous Day₹226.20

Basic Stock Data of Ruby Mills Ltd

Market Cap 756 Cr.
Current Price 226
High / Low272/137
Stock P/E19.2
Book Value 171
Dividend Yield0.56 %
ROCE5.67 %
ROE6.14 %
Face Value 5.00

Data Source: screener.in

Competitors of Ruby Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mohota Industries Ltd 6.77 Cr. 4.605.15/3.80 99.80.00 %%1.89 % 10.0
Soma Textiles & Industries Ltd 79.4 Cr. 24.050.2/15.7 23.00.00 %11.0 %% 10.0
Nahar Industrial Enterprises Ltd 592 Cr. 137170/84.186.2 2160.00 %8.07 %6.48 % 10.0
Industry Average226.06 Cr55.228.73112.930%6.36%2.79%10

Ruby Mills Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales45542646596862615977545357
Expenses31352236464147495063444241
Operating Profit1419510132716121014101116
OPM %31%35%18%22%22%40%25%20%16%18%19%21%27%
Other Income0900010122333
Interest2322331111121
Depreciation2222222222222
Profit before tax102315822131081391115
Tax %27%15%25%25%19%12%24%23%15%15%21%7%24%
Net Profit8201472010871171011
EPS in Rs2.275.930.181.221.975.932.912.282.033.312.202.983.32

Ruby Mills Ltd Quarterly Chart

Ruby Mills Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales167158187197211202199193183123199260243
Expenses12212013413914514514515313885144208198
Operating Profit45395358665754404538555245
OPM %27%24%28%29%31%28%27%21%25%31%28%20%19%
Other Income664839421717981010159
Interest171919151312119581045
Depreciation2424231920151514128999
Profit before tax70435166504637253832374441
Tax %16%30%11%18%19%19%5%30%27%20%16%19%
Net Profit58304554413735182826313533
EPS in Rs17.339.1313.4416.1512.2111.2010.535.338.297.749.3010.549.95
Dividend Payout %4%5%4%4%5%8%8%16%11%5%16%12%

Ruby Mills Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-48.28%50.00%20.00%-24.07%-9.76%-5.41%-48.57%55.56%-7.14%19.23%12.90%
Change in YoY Net Profit Growth (%)0.00%98.28%-30.00%-44.07%14.32%4.35%-43.17%104.13%-62.70%26.37%-6.33%

Ruby Mills Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:5%
3 Years:12%
TTM:-4%
Compounded Profit Growth
10 Years:1%
5 Years:-1%
3 Years:7%
TTM:-10%
Stock Price CAGR
10 Years:19%
5 Years:11%
3 Years:35%
1 Year:24%
Return on Equity
10 Years:8%
5 Years:5%
3 Years:6%
Last Year:6%

Ruby Mills Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital444488888881717
Reserves204232275326360398430444465491521543556
Borrowings616611582518425351381383390395280241232
Other Liabilities195170167175179215160154168154157161160
Total Liabilities1,0201,0181,0291,0239729729809901,0301,048966961965
Fixed Assets196182170151132125112988982121121123
CWIP40362930323334353737668
Investments000000001290010
Other Assets783800829842808814834857893921839834825
Total Assets1,0201,0181,0291,0239729729809901,0301,048966961965

Ruby Mills Ltd Reserves and Borrowings Chart

Ruby Mills Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -158-1417293835496161894125
Cash from Investing Activity -162475-90-2-11121-1
Cash from Financing Activity 229-42-183-15-23-27-41-11-5-4-127-47
Net Cash Flow55-54-8221-17-7-015-1278

Ruby Mills Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days494546313225332826463234
Inventory Days431277331312272293336263350330220208
Days Payable211123153156205183201122158193159102
Cash Conversion Cycle2692002251869913416816921918393141
Working Capital Days-256272-1197134-39-1737-3-492566
ROCE %13%7%8%9%8%8%6%4%5%4%5%6%

Ruby Mills Ltd Financial Efficiency Indicators Chart

Ruby Mills Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.90%74.90%74.90%74.90%74.90%74.90%74.91%74.91%74.91%74.91%74.91%74.91%
FIIs0.00%0.00%0.00%0.02%0.07%0.05%0.03%0.06%0.00%0.00%0.00%0.00%
Public25.10%25.10%25.10%25.08%25.03%25.05%25.06%25.04%25.09%25.09%25.10%25.10%
No. of Shareholders6,7657,2058,0347,8328,9008,26616,21615,26214,56414,25014,46913,738

Ruby Mills Ltd Shareholding Pattern Chart

No. of Ruby Mills Ltd Shareholders

This stock is not held by any mutual fund

Ruby Mills Ltd ROCE Trend

Ruby Mills Ltd EPS Trend

Ruby Mills Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)10.5318.5715.4616.5610.65
Diluted EPS (Rs.)10.5318.5715.4616.5610.65
Cash EPS (Rs.)13.1324.0320.4923.7518.80
Book Value[Excl.RevalReserv]/Share (Rs.)167.36316.62298.64282.96270.65
Book Value[Incl.RevalReserv]/Share (Rs.)167.36316.62298.64282.96270.65
Dividend / Share (Rs.)1.253.000.751.751.75
Revenue From Operations / Share (Rs.)77.65118.9973.76109.50115.28
PBDIT / Share (Rs.)16.9033.2829.0032.8828.81
PBIT / Share (Rs.)14.3027.8223.9725.7020.66
PBT / Share (Rs.)13.0722.0419.2722.6515.10
Net Profit / Share (Rs.)10.5318.5715.4616.5610.65
PBDIT Margin (%)21.7727.9639.3230.0224.99
PBIT Margin (%)18.4223.3732.5023.4617.91
PBT Margin (%)16.8318.5226.1120.6813.10
Net Profit Margin (%)13.5615.6020.9515.129.23
Return on Networth / Equity (%)6.295.865.175.853.93
Return on Capital Employeed (%)6.066.004.735.264.26
Return On Assets (%)3.663.212.462.681.79
Long Term Debt / Equity (X)0.370.420.650.670.74
Total Debt / Equity (X)0.420.520.760.800.82
Asset Turnover Ratio (%)0.260.190.110.180.19
Current Ratio (X)1.570.850.850.921.06
Quick Ratio (X)1.280.660.690.710.85
Inventory Turnover Ratio (X)2.381.770.601.251.27
Dividend Payout Ratio (NP) (%)14.2316.140.0025.4919.78
Dividend Payout Ratio (CP) (%)11.4212.470.0017.7811.20
Earning Retention Ratio (%)85.7783.860.0074.5180.22
Cash Earning Retention Ratio (%)88.5887.530.0082.2288.80
Interest Coverage Ratio (X)13.695.766.1610.805.19
Interest Coverage Ratio (Post Tax) (X)9.534.224.286.442.92
Enterprise Value (Cr.)655.80806.34609.81558.34817.60
EV / Net Operating Revenue (X)2.534.054.943.054.24
EV / EBITDA (X)11.6014.4912.5710.1616.97
MarketCap / Net Operating Revenue (X)1.932.702.231.152.46
Retention Ratios (%)85.7683.850.0074.5080.21
Price / BV (X)0.891.020.540.441.05
Price / Net Operating Revenue (X)1.932.702.231.152.46
EarningsYield0.070.050.090.130.03

Ruby Mills Ltd Profitability Ratios (%)

Ruby Mills Ltd Liquidity Ratios

Ruby Mills Ltd Liquidity Ratios (%)

Ruby Mills Ltd Interest Coverage Ratios (X)

Ruby Mills Ltd Valuation Ratios

Fair Value / Intrinsic Value of Ruby Mills Ltd

Fair Value: ₹202.72

The stock is overvalued by 10.30% compared to the current price ₹226

*Investments are subject to market risks

Strength and Weakness of Ruby Mills Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 21.33, which is a positive sign.
  2. The company has shown consistent growth in sales (194.00 cr) and profit (44.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 28.17 and average Dividend Yield of 23.13%.
  2. The stock has a low average ROCE of 6.92%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 173.83, which may not be favorable.
  4. The company has higher borrowings (415.77) compared to reserves (403.46), which may suggest financial risk.

Should I Buy Ruby Mills Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Ruby Mills Ltd:
    1. Net Profit Margin: 13.56%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 6.06% (Industry Average ROCE: 6.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 9.53
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.28
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 19.2 (Industry average Stock P/E: 28.77)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.42
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Ruby Mills 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