BSE: 500356 | NSE: RAMANEWS | Paper & Paper Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Rama Newsprint Ltd is a below average quality company.
The key valuation ratios of Shree Rama Newsprint Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shree Rama Newsprint Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.1% | 8.6% | 1.4% | -1% | 8.9% | -1.6% | -5.1% | -0.2% | 0.3% | 0.8% | - |
| Value Creation Index ⓘ | NA | -0.4 | -0.9 | -1.1 | -0.4 | -1.1 | -1.4 | -1.0 | -1.0 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 375 | 382 | 390 | 434 | 504 | 337 | 265 | 31.9 | 46.7 | 47 | 47 |
| Sales YoY Gr. | - | 1.8% | 2.3% | 11.1% | 16.2% | -33.2% | -21.3% | -88% | 46.6% | 0.7% | - |
| Adj EPS ⓘ | -13.7 | -0.5 | -1 | -2.1 | 2.6 | -3 | -5.2 | -0.1 | 0.1 | -2.2 | -2 |
| YoY Gr. | - | NA | NA | NA | NA | -215.3% | NA | NA | NA | -1692.9% | - |
| BVPS (₹) ⓘ | -1.5 | 35.7 | 30 | 27.9 | 30.5 | 27.5 | 22.3 | 17.5 | 9.5 | 6.3 | 5.2 |
| Adj Net Profit ⓘ | -79.6 | -6.1 | -14.3 | -31.5 | 38.7 | -44.6 | -77.1 | -1.5 | 2 | -32.9 | -29 |
| Cash Flow from Ops. ⓘ | 82.9 | -45.8 | 10.7 | -15.4 | 47.6 | 36.3 | -11.2 | 10.8 | 30 | 13.2 | - |
| Debt/CF from Ops. ⓘ | 3.3 | -5.6 | 22.9 | -19.8 | 7 | 10.8 | -39.9 | 44.6 | 12.1 | 27.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -20.6% | -37.8% | -43.8% | 0.7% | ||||
| Adj EPS ⓘ | NA | -196.8% | NA | -1692.9% | ||||
| BVPSⓘ | NA | -27.2% | -34.5% | -34.4% | ||||
| Share Price | 9.9% | 6.1% | -0.9% | 0.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -550.7 | -2.9 | -3.3 | -7.4 | 9 | -10.4 | -21 | -0.5 | 1 | -28.3 | -34.3 |
| Op. Profit Mgn % ⓘ | -10.2 | -3.7 | 4 | 2.3 | 17.7 | 2.6 | -6.1 | 9.2 | 9.8 | 13.9 | 18.6 |
| Net Profit Mgn % ⓘ | -21.2 | -1.6 | -3.7 | -7.3 | 7.7 | -13.3 | -29.1 | -4.6 | 4.3 | -70 | -62.3 |
| Debt to Equity ⓘ | -32.2 | 0.6 | 0.6 | 0.7 | 0.7 | 1 | 1.4 | 1.9 | 2.6 | 4 | 4.9 |
| Working Cap Days ⓘ | 129 | 94 | 111 | 110 | 111 | 186 | 227 | 1,611 | 611 | 279 | 1,057 |
| Cash Conv. Cycle ⓘ | -5 | -31 | -9 | 3 | 21 | 43 | 67 | 423 | 141 | 31 | 358 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -43.79%
Debt to equity has increased versus last 3 years average to 3.95
Sales growth is not so good in last 4 quarters at -1.84%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2 | - |
| TTM Sales (₹ Cr.) | 46.6 | - |
| BVPS (₹.) ⓘ | 5.2 | - |
| Reserves (₹ Cr.) ⓘ | -70 | - |
| P/BV ⓘ | 3.58 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 14.40 / 25.25 |
| All Time Low / High (₹) | 1.55 / 58.30 |
| Market Cap (₹ Cr.) | 276 |
| Equity (₹ Cr.) | 147.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 11.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 375 | 382 | 390 | 434 | 504 | 337 | 265 | 32 | 47 | 47 |
| Operating Expenses ⓘ | 413 | 396 | 375 | 424 | 415 | 328 | 281 | 29 | 42 | 40 |
| Manufacturing Costs | 143 | 146 | 136 | 141 | 158 | 106 | 101 | 7 | 13 | 12 |
| Material Costs | 233 | 213 | 205 | 252 | 217 | 189 | 152 | 15 | 21 | 21 |
| Employee Cost | 17 | 18 | 19 | 18 | 20 | 19 | 18 | 1 | 2 | 1 |
| Other Costs ⓘ | 20 | 19 | 15 | 13 | 20 | 14 | 10 | 6 | 6 | 7 |
| Operating Profit ⓘ | -38 | -14 | 16 | 10 | 88 | 9 | -16 | 3 | 4 | 7 |
| Operating Profit Margin (%) | -10.3% | -3.7% | 4.0% | 2.3% | 17.6% | 2.6% | -6.1% | 8.9% | 9.5% | 13.9% |
| Other Income ⓘ | 3 | 62 | 16 | 6 | 2 | 4 | 3 | 0 | 2 | 1 |
| Interest ⓘ | 46 | 31 | 24 | 25 | 29 | 32 | 37 | 0 | 0 | 37 |
| Depreciation ⓘ | 12 | 22 | 23 | 23 | 23 | 25 | 27 | 4 | 4 | 4 |
| Exceptional Items ⓘ | 52 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -43 | 9 | -15 | -32 | 38 | -45 | -77 | -2 | 2 | -33 |
| Tax ⓘ | 0 | 4 | -6 | -2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -43 | 5 | -9 | -30 | 38 | -45 | -77 | -2 | 2 | -33 |
| PAT Margin (%) | -11.3% | 1.3% | -2.3% | -6.9% | 7.6% | -13.3% | -29.1% | -4.8% | 4.1% | -70.0% |
| Adjusted EPS (₹) | -7.3 | 0.4 | -0.6 | -2.0 | 2.6 | -3.0 | -5.2 | -0.1 | 0.1 | -2.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -8 | 421 | 442 | 412 | 450 | 405 | 328 | 259 | 140 | 92 |
| Share Capital ⓘ | 58 | 118 | 148 | 148 | 148 | 148 | 148 | 148 | 148 | 148 |
| Reserves ⓘ | -67 | 303 | 294 | 265 | 303 | 258 | 181 | 111 | -7 | -55 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 237 | 252 | 232 | 292 | 319 | 377 | 430 | 466 | 361 | 364 |
| Long Term Debt | 125 | 164 | 128 | 119 | 110 | 102 | 96 | 90 | 350 | 350 |
| Short Term Debt | 112 | 87 | 104 | 173 | 209 | 275 | 334 | 376 | 11 | 14 |
| Trade Payables | 120 | 89 | 96 | 62 | 62 | 67 | 76 | 49 | 7 | 6 |
| Others Liabilities ⓘ | -49 | 28 | 29 | 26 | 32 | 42 | 37 | 30 | 116 | 138 |
| Total Liabilities ⓘ | 299 | 790 | 798 | 793 | 863 | 891 | 871 | 804 | 625 | 600 |
Fixed Assets | ||||||||||
| Gross Block | 726 | 702 | 708 | 714 | 717 | 776 | 849 | 859 | 375 | 376 |
| Accumulated Depreciation | 523 | 22 | 45 | 68 | 91 | 116 | 143 | 172 | 27 | 31 |
| Net Fixed Assetsⓘ | 204 | 680 | 663 | 646 | 626 | 660 | 706 | 687 | 349 | 345 |
| CWIP ⓘ | 1 | 2 | 2 | 16 | 56 | 66 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 39 | 32 | 64 | 53 | 83 | 72 | 89 | 56 | 5 | 5 |
| Trade Receivables | 20 | 40 | 25 | 24 | 29 | 32 | 27 | 24 | 8 | 4 |
| Cash Equivalents | 3 | 3 | 1 | 0 | 3 | 1 | 0 | 0 | 0 | 0 |
| Others Assetsⓘ | 33 | 33 | 42 | 53 | 66 | 61 | 48 | 37 | 263 | 246 |
| Total Assets ⓘ | 299 | 790 | 798 | 793 | 863 | 891 | 871 | 804 | 625 | 600 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 83 | -46 | 11 | -15 | 48 | 36 | -11 | 11 | 30 | 13 |
| PBT ⓘ | -94 | 9 | -15 | -32 | 38 | -45 | -77 | -70 | -118 | -48 |
| Adjustment ⓘ | 58 | 53 | 37 | 50 | 52 | 57 | 62 | 62 | 132 | 54 |
| Changes in Working Capital ⓘ | 67 | -109 | -12 | -34 | -42 | 24 | 4 | 18 | 17 | 8 |
| Tax Paid ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | 0 | -3 | -21 | -46 | -65 | -7 | -10 | 2 | 6 |
| Capex | -1 | -2 | -6 | -21 | -43 | -68 | -7 | -10 | 0 | 6 |
| Net Investments | 0 | 1 | 1 | 0 | -3 | 3 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Cash Flow From Financing Activityⓘ | -81 | 47 | -9 | 35 | -2 | 29 | 18 | -1 | -32 | -19 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -33 | 103 | -7 | -12 | -13 | -10 | -9 | 7 | 341 | -10 |
| Interest Paid ⓘ | -46 | -31 | -18 | -21 | -25 | -28 | -32 | -8 | -4 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -3 | -24 | 17 | 68 | 35 | 67 | 59 | 0 | -369 | -6 |
| Net Cash Flow ⓘ | 0 | 1 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 2.33 | -2.06 | -7.01 | 8.87 | -10.44 | -20.99 | -0.52 | 0.96 | -28.29 |
| ROCE (%) | N/A | 8.56 | 1.38 | -1.03 | 8.92 | -1.58 | -5.12 | -0.2 | 0.31 | 0.78 |
| Asset Turnover Ratio | 1.09 | 0.7 | 0.49 | 0.55 | 0.61 | 0.38 | 0.3 | 0.04 | 0.07 | 0.08 |
| PAT to CFO Conversion(x) | N/A | -9.2 | N/A | N/A | 1.26 | N/A | N/A | N/A | 15 | N/A | Working Capital Days |
| Receivable Days | 35 | 29 | 31 | 21 | 19 | 33 | 41 | 294 | 126 | 47 |
| Inventory Days | 54 | 34 | 45 | 49 | 49 | 84 | 111 | 829 | 238 | 36 |
| Payable Days | 158 | 179 | 164 | 114 | 104 | 125 | 172 | 1,474 | 481 | 110 |
Rama Newsprint and Papers Ltd. established in 1996 is the India’s largest private sector Newsprint and Printing & Writing paper manufacturing facility at a single location, having an installed capacity, based on Virgin Pulp as well as Recycled fibre, to manufacture either 1,44,000 tonnes per annum of Newsprint or 1,80,000 tonnes per annum of Printing & Writing paper or a mix of both.
The mill is equipped to manufacture Newsprint and Printing & Writing Paper from Virgin Pulp as well as Non-Conventional raw materials. The company has also demonstrated deep commitment to the cause of preserving the environment, by setting up a state of the art facility for manufacture of Environ Friendly Chlorine free paper.
The company is the India’s largest private sector Newsprint and Printing & Writing Paper manufacturing Company at a single location in India, meeting 22% of India's newsprint production capacity. Set up with an equity of Rs. 233 crore ($50 million) and Spread over 450 acres of land in Village Barbhodhan, Gujarat, the company is managed by a professional Board of Directors having vast experience in related fields.
The fact that the company has its captive power plant and captive water works, means uninterrupted power and water supply leading to non-stop production.
A contributing feature is the in-house engineering workshop for preventive maintenance and repairs leading to continuous improvisation of process, quality and productivity. Technical collaboration with world leaders in the newsprint industry and aided by a highly qualified and committed workforce of about 500 personnel has now seen us diversify into synergetic industries as well as establish an export presence in Asia and Africa.
The company has tapped the ready market by focussing its exports to Bangladesh, Sri Lanka, Nepal, etc., in South Asia, the Middle East and West Asia as well as the continents of Africa.
Product range of the company includes:
The Printing & Writing Papers was included in its product mix from January 2002.
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