Reliance Chemotex Industries Ltd

₹ 206 1.93%

22 Nov - close price

reliancechemotex.com BSE: 503162 NSE: RELCHEMQ

About

Incorporated in 1977, Reliance Chemotex Industries Ltd manufactures and sells
Synthetic & blended Yarn^[1]

Key Points

Product Profile:^[1]
a) Home Furnishing Yarns:
Artificial Silk Carpets, Conveyor Belts, Towels, Raised and Flat Upholstery, Artificial Leather, Ecru Polyester Yarn for Automotive, Mattress Ticking, Sheeting, and Covers.

b) Industrial Yarns:
Awnings, School Uniforms, Shawls, Medical Aids, Dyed Chenille Yarns for Home Textiles, Sweater Knitting, Dyed Chenille Yarns for Home Textiles, Mélange Yarns for Apparel, Vinyl Flooring, Dyed Polyester /Viscose Yarn for Apparel, Narrow Fabrics.

c) Apparel Yarns:
Knitwear, Ecru Viscose Yarn for Apparel,
Dyed Chenille Yarns for Home Textiles,
Dyed Viscose Yarns for Carpets, Suiting

Website BSE NSE

Market Cap ₹ 155 Cr.
Current Price ₹ 206
High / Low ₹ 350 / 181
Stock P/E 61.3
Book Value ₹ 179
Dividend Yield 0.49 %
ROCE 6.75 %
ROE 2.42 %
Face Value ₹ 10.0

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Pros

Stock is trading at 1.15 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 2.52% over past five years.
Company has a low return on equity of 9.82% over last 3 years.
Earnings include an other income of Rs.10.3 Cr.
Working capital days have increased from 46.2 days to 70.9 days

* 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 - Spinning - Synthetic / Blended

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	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
	88.99	86.85	103.51	100.49	92.57	92.14	79.68	90.02	89.40	85.50	102.27	92.57	91.60
	78.72	75.96	92.03	91.32	83.22	85.24	70.85	81.03	82.46	78.09	94.57	86.72	85.51
Operating Profit	10.27	10.89	11.48	9.17	9.35	6.90	8.83	8.99	6.94	7.41	7.70	5.85	6.09
OPM %	11.54%	12.54%	11.09%	9.13%	10.10%	7.49%	11.08%	9.99%	7.76%	8.67%	7.53%	6.32%	6.65%
	0.92	1.33	3.83	0.59	0.98	3.12	1.46	1.08	0.81	0.95	1.43	4.13	3.75
Interest	2.63	3.62	3.21	3.10	3.04	2.90	4.89	4.75	4.81	4.92	5.08	6.34	6.03
Depreciation	2.28	2.22	2.13	2.34	2.35	2.44	2.63	2.52	2.52	2.53	2.56	3.46	3.48
Profit before tax	6.28	6.38	9.97	4.32	4.94	4.68	2.77	2.80	0.42	0.91	1.49	0.18	0.33
Tax %	29.94%	32.60%	36.01%	25.69%	33.00%	33.12%	0.00%	21.07%	-9.52%	92.31%	69.13%	-233.33%	-327.27%
	4.40	4.31	6.37	3.21	3.32	3.13	2.77	2.23	0.46	0.06	0.46	0.59	1.42
EPS in Rs	5.83	5.71	8.44	4.26	4.40	4.15	3.67	2.96	0.61	0.08	0.61	0.78	1.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

	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
	204	250	235	257	291	285	323	300	256	362	364	366	372
	185	227	224	238	269	265	298	271	232	317	329	335	345
Operating Profit	19	23	11	19	22	19	26	28	23	45	35	31	27
OPM %	9%	9%	5%	7%	8%	7%	8%	9%	9%	12%	10%	8%	7%
	3	3	17	3	4	1	2	1	4	3	6	4	10
Interest	9	11	13	13	14	12	13	11	10	12	14	20	22
Depreciation	5	6	6	7	7	7	7	7	8	9	10	10	12
Profit before tax	8	9	9	2	5	1	8	11	10	27	17	6	3
Tax %	22%	40%	28%	-48%	-35%	-217%	49%	13%	33%	34%	26%	43%
	6	6	7	3	6	3	4	9	7	18	12	3	3
EPS in Rs	7.93	7.08	8.14	3.16	8.10	3.25	5.11	12.37	9.19	24.03	16.46	4.26	3.35
Dividend Payout %	6%	7%	6%	16%	6%	15%	15%	8%	22%	10%	15%	24%

Compounded Sales Growth
10 Years:	4%
5 Years:	3%
3 Years:	13%
TTM:	6%

Compounded Profit Growth
10 Years:	-6%
5 Years:	-5%
3 Years:	-23%
TTM:	-71%

Stock Price CAGR
10 Years:	20%
5 Years:	25%
3 Years:	-8%
1 Year:	-27%

Return on Equity
10 Years:	9%
5 Years:	10%
3 Years:	10%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	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	4	4	4	4	4	4	4	8	8	8	8	8	8
Reserves	25	29	32	32	64	66	63	91	97	114	124	126	128
	88	85	107	113	95	94	82	65	97	128	199	281	267
	31	37	48	53	64	63	69	65	61	84	66	66	73
Total Liabilities	148	154	191	201	227	228	218	227	263	333	397	481	475
	66	82	107	109	152	145	140	136	148	181	196	318	314
CWIP	17	2	2	1	0	0	0	6	1	10	39	1	4
Investments	3	3	3	0	0	0	0	0	0	0	0	0	0
	62	66	79	91	76	82	79	85	113	142	162	163	156
Total Assets	148	154	191	201	227	228	218	227	263	333	397	481	475

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	7	17	0	12	32	11	26	22	27	59	-0	18
	-18	-5	-27	-6	-2	-0	-0	-8	-43	-74	-51	-82
	10	-14	28	-6	-30	-11	-26	-13	15	14	55	60
Net Cash Flow	-1	-2	1	0	-0	-1	-0	1	-0	-0	4	-4

Ratios

Figures in Rs. Crores

	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	20	26	21	30	23	22	20	16	15	5	7	6
Inventory Days	71	58	93	102	85	97	74	82	138	91	87	104
Days Payable	37	47	70	84	79	84	70	65	58	57	28	32
Cash Conversion Cycle	53	37	44	48	30	36	24	33	95	40	67	78
Working Capital Days	36	31	37	34	8	18	16	27	47	18	50	71
ROCE %	16%	17%	16%	10%	12%	8%	13%	14%	11%	19%	11%	7%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	67.68%	67.68%	67.69%	67.69%	67.69%	67.69%	67.69%	67.69%	67.69%	67.69%	67.69%	67.69%
	1.43%	1.39%	1.52%	1.66%	1.66%	1.66%	1.24%	0.00%	0.57%	0.11%	0.04%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%	0.00%	0.00%	0.00%
	30.89%	30.92%	30.80%	30.66%	30.66%	30.65%	31.08%	32.31%	29.95%	32.22%	32.27%	32.29%
No. of Shareholders	10,292	9,994	10,289	11,369	11,246	11,869	11,624	11,664	10,775	11,167	12,184	12,463

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	50.17%	50.43%	50.43%	72.65%	72.65%	67.68%	67.69%	67.69%	67.69%
	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%	1.66%	0.11%	0.02%
	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
	49.83%	49.56%	49.56%	27.29%	27.34%	30.92%	30.65%	32.22%	32.29%
No. of Shareholders	10,031	8,300	7,828	7,606	8,149	9,994	11,869	11,167	12,463

* 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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