Rajapalayam Mills Ltd

Rajapalayam Mill Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rajapalayam Mills Ltd

₹ 1,052 -1.51%
20 Dec - close price
rajapalayammills.co.in BSE: 532503
About

Rajapalayam Mills Limited is part of Ramco Group and it has a 13.61% stake worth Rs 3,248 Cr as at November 2024 in listed company Ramco Cements. As per a November 2024 Mint article, Ramco Group is planning to reconfigure its corporate structure and do an ownership makeover by eliminating cross-holdings (check link given). Also, Rajpalayam Mills is engaged in the business of manufacturing cotton yarn and fabrics. It also produces power from its windmills.

Key Points

Yarn Manufacturing[1]
The company specializes in manufacturing yarn of finer counts ranging from 4s to 300s (single/double yarn), and other value-added products like mercerized, melange, slub, and gassed yarn

Website BSE
  • Market Cap ₹ 970 Cr.
  • Current Price ₹ 1,052
  • High / Low ₹ 1,195 / 801
  • Stock P/E
  • Book Value ₹ 504
  • Dividend Yield 0.06 %
  • ROCE 2.54 %
  • ROE -6.25 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.73% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
171.45 168.30 213.86 201.33 216.67 222.57 221.32 200.76 231.83 202.64 223.33 217.96 229.19
131.83 140.76 184.07 162.42 178.14 190.33 198.89 188.79 194.13 183.80 201.90 202.00 202.37
Operating Profit 39.62 27.54 29.79 38.91 38.53 32.24 22.43 11.97 37.70 18.84 21.43 15.96 26.82
OPM % 23.11% 16.36% 13.93% 19.33% 17.78% 14.49% 10.13% 5.96% 16.26% 9.30% 9.60% 7.32% 11.70%
1.42 3.47 37.29 10.26 13.33 1.95 2.31 55.73 9.24 6.45 3.44 4.11 12.10
Interest 9.49 9.62 12.41 11.90 14.05 14.75 14.36 15.57 16.93 20.98 20.55 21.97 22.55
Depreciation 12.54 12.60 13.20 13.83 14.28 14.67 13.84 14.07 15.63 18.86 18.77 18.64 18.98
Profit before tax 19.01 8.79 41.47 23.44 23.53 4.77 -3.46 38.06 14.38 -14.55 -14.45 -20.54 -2.61
Tax % 34.93% 35.04% 62.86% 23.59% 24.61% 25.79% -192.20% -8.33% 25.66% -26.25% -10.80% -25.17% -24.90%
12.37 5.71 15.40 17.91 17.74 3.54 3.19 41.23 10.69 -10.73 -12.89 -15.37 -1.96
EPS in Rs 13.45 6.21 16.74 19.47 19.28 3.84 3.46 44.72 11.59 -11.64 -13.98 -16.67 -2.13
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
345 434 389 393 407 426 413 358 412 690 862 859 873
272 343 342 336 331 368 361 323 372 561 730 769 790
Operating Profit 73 91 47 57 76 58 52 35 40 129 132 90 83
OPM % 21% 21% 12% 15% 19% 14% 13% 10% 10% 19% 15% 10% 10%
16 7 17 22 5 17 28 26 14 41 28 75 26
Interest 26 28 28 27 21 18 22 26 44 43 55 74 86
Depreciation 28 28 17 22 21 33 32 34 48 50 57 67 75
Profit before tax 34 41 19 31 38 25 26 1 -38 77 48 23 -52
Tax % 30% 36% 37% 19% 7% -15% -6% -386% -30% 50% 12% -21%
24 27 12 25 36 29 28 6 -27 38 42 28 -41
EPS in Rs 25.84 28.90 13.09 27.12 39.05 31.79 30.24 6.97 -28.95 41.61 45.96 30.69 -44.42
Dividend Payout % 19% 21% 15% 9% 8% 10% 11% 12% -1% 2% 2% 2%
Compounded Sales Growth
10 Years: 7%
5 Years: 16%
3 Years: 28%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -10%
TTM: -884%
Stock Price CAGR
10 Years: 14%
5 Years: 9%
3 Years: 4%
1 Year: 21%
Return on Equity
10 Years: 4%
5 Years: 0%
3 Years: 2%
Last Year: -6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 7 7 7 7 7 9 9 9 9
Reserves 168 179 188 204 239 265 288 291 264 370 445 474 456
285 360 308 287 282 239 458 583 618 747 1,114 1,087 1,066
76 89 89 70 69 53 72 59 63 125 116 128 133
Total Liabilities 536 636 593 569 598 565 826 940 953 1,251 1,685 1,698 1,664
285 323 307 300 287 275 313 579 562 660 682 988 957
CWIP 2 1 3 0 3 6 86 4 10 37 262 15 15
Investments 46 41 78 78 76 76 97 97 97 97 73 117 97
202 272 206 190 232 207 330 260 283 456 668 578 594
Total Assets 536 636 593 569 598 565 826 940 953 1,251 1,685 1,698 1,664

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43 54 78 45 32 76 21 43 34 4 -46 148
7 -24 -22 6 -5 -10 -209 -132 -25 -152 -304 -46
-49 -28 -59 -53 -26 -68 190 92 -10 149 349 -102
Net Cash Flow 1 2 -3 -1 1 -1 2 3 -1 1 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39 34 39 37 39 43 55 52 68 55 67 71
Inventory Days 171 226 174 206 264 175 249 288 204 264 287 232
Days Payable 27 7 9 11 17 9 32 30 23 19 12 17
Cash Conversion Cycle 183 253 204 232 285 209 272 310 250 300 342 286
Working Capital Days 82 107 82 80 110 96 114 191 169 170 217 194
ROCE % 13% 14% 7% 11% 12% 8% 8% 3% 1% 9% 7% 3%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.12% 55.12% 55.12% 55.12% 55.12% 55.43% 55.43% 55.43% 55.43% 56.28% 56.28% 56.28%
0.25% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
1.94% 1.91% 1.91% 1.91% 1.40% 0.90% 0.36% 0.36% 0.36% 0.36% 0.02% 0.02%
42.69% 42.90% 42.90% 42.91% 43.42% 43.61% 44.15% 44.14% 44.14% 43.30% 43.65% 43.64%
No. of Shareholders 6,9907,6807,5747,4367,8787,9507,7557,4567,1147,2497,4017,552

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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