BSE: 532441 | NSE: | Textile - Weaving | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rainbow Denim Ltd is a below average quality company.
The key valuation ratios of Rainbow Denim 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 Weak which suggest that the price of Rainbow Denim Ltd is likely to Fall 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'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -4.4% | 0.6% | -15.7% | -11.7% | -6.2% | 19.7% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 183 | 162 | 120 | 169 | 222 | 181 | 149 | 71 | 6.2 | 0.5 | 0 |
| Sales YoY Gr. | - | -11.6% | -25.7% | 40% | 31.7% | -18.3% | -17.8% | -52.3% | -91.3% | -92.6% | - |
| Adj EPS ⓘ | -10.7 | -14.6 | -21.2 | -14.7 | -7.4 | -6.8 | -11.1 | -16 | -12.1 | -5.7 | -1.7 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | -3.9 | -24.9 | -30.8 | -77.8 | -85.2 | -92 | -95.8 | -104.4 | -116 | -121.7 | -122.7 |
| Adj Net Profit ⓘ | -19.4 | -10.7 | -28.2 | -19.6 | -9.8 | -9.1 | -14.7 | -21.2 | -16 | -7.5 | -2 |
| Cash Flow from Ops. ⓘ | 23.7 | 2.6 | 0.3 | -0.1 | 3 | 9.3 | -16.3 | 4.2 | -2.3 | -0.4 | - |
| Debt/CF from Ops. ⓘ | 5.8 | 56.2 | 508.4 | -1330.9 | 56.8 | 10.6 | -6.9 | 24.7 | -51.9 | -304.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -48.6% | -70.9% | -85.4% | -92.6% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | -1.3% | -6.3% | -11.6% | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -2731.2 | 161.4 | 106.1 | 27.1 | 9 | 7.7 | 11.8 | 15.9 | 11 | 4.8 | 1.4 |
| Op. Profit Mgn % ⓘ | -0.1 | 5.8 | -7.6 | 1 | 0.5 | -2.9 | -9.3 | -31.5 | -233.3 | -1420.6 | 18.2 |
| Net Profit Mgn % ⓘ | -10.6 | -6.6 | -23.4 | -11.6 | -4.4 | -5 | -9.9 | -29.8 | -258 | -1646.2 | -606.6 |
| Debt to Equity ⓘ | -19.4 | -7.9 | -3.5 | -1.5 | -1.5 | -0.8 | -0.9 | -0.8 | -0.8 | -0.8 | 2.3 |
| Working Cap Days ⓘ | 115 | 121 | 149 | 104 | 98 | 124 | 147 | 232 | 1,055 | 6,440 | 433 |
| Cash Conv. Cycle ⓘ | 63 | 57 | 74 | 39 | 22 | 14 | 19 | -3 | 84 | 2,024 | -9,677 |
Sales growth is good in last 4 quarters at 126.67%
Return on Equity has declined versus last 3 years average to 1.40%
Sales growth has been subdued in last 3 years -85.44%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.7 | - |
| TTM Sales (₹ Cr.) | 0.4 | - |
| BVPS (₹.) ⓘ | -122.7 | - |
| Reserves (₹ Cr.) ⓘ | -176 | - |
| P/BV ⓘ | -0.03 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3.16 / 3.44 |
| All Time Low / High (₹) | 0.90 / 29.50 |
| Market Cap (₹ Cr.) | 4.6 |
| Equity (₹ Cr.) | 13.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 24.2 |
| Pledged * | 22.81 | 22.81 | 22.81 | 22.81 | 22.81 | 22.81 | 22.81 | 22.89 | 22.89 | 22.89 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 183.38 | 162.18 | 120.47 | 168.61 | 222.03 | 181.31 | 149.04 | 71.04 | 6.21 | 0.46 |
| Operating Expenses ⓘ | 183.50 | 152.90 | 130.03 | 166.88 | 220.85 | 186.65 | 162.84 | 93.44 | 20.89 | 6.96 |
| Manufacturing Costs | 41.87 | 42.10 | 30.66 | 44.09 | 64.37 | 52.35 | 43.59 | 20.96 | 1.10 | 0.36 |
| Material Costs | 119.72 | 90.18 | 81.17 | 102.07 | 129.09 | 106.91 | 92.89 | 46.82 | 5.56 | 1.92 |
| Employee Cost | 13.66 | 13.85 | 12.57 | 13.16 | 16.78 | 16.71 | 16.83 | 14.66 | 11.39 | 3.94 |
| Other Costs ⓘ | 8.25 | 6.77 | 5.63 | 7.56 | 10.61 | 10.69 | 9.53 | 11.01 | 2.85 | 0.74 |
| Operating Profit ⓘ | -0.12 | 9.28 | -9.56 | 1.73 | 1.18 | -5.34 | -13.80 | -22.40 | -14.68 | -6.50 |
| Operating Profit Margin (%) | -0.1% | 5.7% | -7.9% | 1.0% | 0.5% | -2.9% | -9.3% | -31.5% | -236.0% | -1,420.6% |
| Other Income ⓘ | 1.33 | 0.70 | 0.36 | 0.60 | 0.16 | 11.46 | 24.80 | 25.28 | 11.61 | 11 |
| Interest ⓘ | 11.35 | 11.37 | 10.02 | 10.73 | 6.57 | 12.02 | 13.84 | 12.20 | 11.20 | 10.81 |
| Depreciation ⓘ | 8.96 | 9.16 | 9.15 | 11.12 | 4.51 | 3.05 | 2.27 | 2.01 | 1.89 | 1.15 |
| Exceptional Items ⓘ | 1.26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -17.84 | -10.55 | -28.38 | -19.52 | -9.73 | -8.95 | -5.11 | -11.33 | -16.16 | -7.46 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -17.84 | -10.55 | -28.38 | -19.52 | -9.73 | -8.95 | -5.11 | -11.33 | -16.16 | -7.46 |
| PAT Margin (%) | -9.7% | -6.5% | -23.6% | -11.6% | -4.4% | -4.9% | -3.4% | -15.9% | -260.0% | -1,630.6% |
| Adjusted EPS (₹) | -9.8 | -14.5 | -21.4 | -14.7 | -7.3 | -6.7 | -3.9 | -8.5 | -12.2 | -5.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -7.09 | -18.11 | -40.96 | -103.40 | -113.13 | -122.14 | -127.30 | -138.70 | -154.12 | -161.65 |
| Share Capital ⓘ | 18.21 | 7.28 | 13.28 | 13.28 | 13.28 | 13.28 | 13.28 | 13.28 | 13.28 | 13.28 |
| Reserves ⓘ | -25.30 | -25.39 | -54.24 | -116.68 | -126.41 | -135.43 | -140.59 | -151.99 | -167.40 | -174.93 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 127.50 | 127.70 | 122.37 | 132.65 | 148.60 | 82.54 | 102.25 | 82.04 | 79.92 | 58.14 |
| Long Term Debt | 104.73 | 91.42 | 88.19 | 110.21 | 144.64 | 80.80 | 95.33 | 80.50 | 76.43 | 54.66 |
| Short Term Debt | 22.76 | 36.28 | 34.19 | 22.44 | 3.96 | 1.73 | 6.91 | 1.54 | 3.49 | 3.49 |
| Trade Payables | 24.30 | 21.67 | 20.42 | 30.57 | 44.38 | 48.60 | 52.65 | 43.90 | 35.12 | 35.13 |
| Others Liabilities ⓘ | 20.07 | 28.21 | 34.43 | 32.96 | 22.40 | 81.77 | 66.12 | 65.62 | 73 | 98.68 |
| Total Liabilities ⓘ | 164.77 | 159.48 | 136.27 | 92.78 | 102.25 | 90.76 | 93.71 | 52.86 | 33.92 | 30.30 |
Fixed Assets | ||||||||||
| Gross Block | 200.48 | 200.25 | 200.37 | 200.44 | 201.55 | 202.20 | 200 | 198.46 | 198.46 | 198.46 |
| Accumulated Depreciation | 88.90 | 98.21 | 107.83 | 161.87 | 166.32 | 169.34 | 170.53 | 172.49 | 174.38 | 175.54 |
| Net Fixed Assetsⓘ | 111.57 | 102.04 | 92.53 | 38.57 | 35.23 | 32.86 | 29.47 | 25.97 | 24.08 | 22.92 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Inventories | 21.71 | 23.20 | 15.97 | 17.06 | 21.16 | 13.95 | 15.13 | 10.12 | 4.60 | 2.67 |
| Trade Receivables | 23.17 | 26.57 | 22.59 | 30.96 | 33.59 | 37.87 | 40.58 | 11.90 | 1.64 | 1.30 |
| Cash Equivalents | 1.93 | 1.37 | 1.49 | 0.67 | 0.79 | 1.20 | 0.64 | 0.26 | 0.48 | 0.54 |
| Others Assetsⓘ | 6.34 | 6.26 | 3.65 | 5.48 | 11.46 | 4.85 | 7.86 | 4.59 | 3.09 | 2.84 |
| Total Assets ⓘ | 164.77 | 159.48 | 136.27 | 92.78 | 102.25 | 90.76 | 93.71 | 52.86 | 33.92 | 30.30 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 23.71 | 2.56 | 0.28 | -0.11 | 2.95 | 9.28 | -16.29 | 4.23 | -2.27 | -0.42 |
| PBT ⓘ | -17.84 | -10.55 | -28.38 | -19.52 | -9.73 | -9.02 | -5.16 | -11.40 | -15.41 | -7.53 |
| Adjustment ⓘ | 17.06 | 19.09 | 19.07 | 21.22 | 10.91 | 3.52 | -8.64 | -7.04 | 1.77 | 1.03 |
| Changes in Working Capital ⓘ | 24.5 | -5.98 | 9.59 | -1.81 | 1.77 | 14.78 | -2.48 | 22.67 | 11.38 | 6.08 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -6.11 | -0.50 | 2.58 | 0.31 | -0.99 | -0.72 | 14.79 | 16.11 | 0.55 | 0.48 |
| Capex | -4.99 | -0.17 | -0.12 | -0.09 | -1.17 | -1.31 | 14.65 | 15.05 | 0 | 0 |
| Net Investments | 0.01 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0.04 | 0 | 0 |
| Others ⓘ | -1.13 | -0.32 | 2.70 | 0.40 | 0.16 | 0.59 | 0.14 | 1.02 | 0.55 | 0.48 |
| Cash Flow From Financing Activityⓘ | -18.06 | -2.63 | -2.75 | -1.02 | -1.84 | -8.15 | 0.93 | -20.72 | 1.93 | 0 |
| Net Proceeds from Shares ⓘ | 0.19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -9.02 | -13.31 | -3.23 | -1.11 | 1.51 | -3.67 | -1.25 | -14.38 | 0 | 0 |
| Interest Paid ⓘ | -12.76 | -8.66 | -2.20 | -2.92 | -2.13 | -2.24 | -3 | -0.97 | -0.01 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3.53 | 19.34 | 2.69 | 3.01 | -1.22 | -2.23 | 5.18 | -5.38 | 1.95 | 0 |
| Net Cash Flow ⓘ | -0.45 | -0.56 | 0.12 | -0.82 | 0.12 | 0.41 | -0.56 | -0.38 | 0.22 | 0.05 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1.06 | 1 | 0.81 | 1.47 | 2.28 | 1.88 | 1.62 | 0.97 | 0.14 | 0.01 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 42 | 56 | 74 | 58 | 53 | 72 | 96 | 135 | 398 | 1,174 |
| Inventory Days | 61 | 51 | 59 | 36 | 31 | 35 | 36 | 65 | 432 | 2,900 |
| Payable Days | 60 | 93 | 95 | 91 | 106 | 159 | 199 | 376 | 2,593 | 6,665 |
Rainbow Denim Limited, a division of Rama Petrochemicals, aims to strengthen India’s present position of third largest producer of denim in the world by becoming a leading player in the industry, both in India and overseas. Set in the state of Punjab, their ultramodern plant uses the preferred rope-dyeing technology and has capacity to produce 18 million meters of denim per year.
The fabric is intended for exports to the developed markets of the world and the plant adheres to the strictest international norms of technology and environment-friendly processes. To keep pace with international fashion trends, Denim is not only produced in shades of blue, but various other colours as well, making Rainbow part of the select few in India with such manufacturing capabilities.
The modern, integrated plant of Spinning, Dyeing, Weaving and Finishing is equipped with state-of-the-art quality control systems at all the stages.
Rainbow has most modern Spinning Machines available in the industry. It has Blow Room/Automatic Bale Opener and Cards of ‘Crosrol Make’. These machines are equipped with latest technology like PLC, PNP and NPN Sensor, MCB to give trouble free working. Entire system is automatically synchronized with the help of Photohelic. No manual operation is required at any stage. These are also connected to a centralized waste evacuation to remove the cotton waste generated during process. Cards are equipped with Long Term and Mid Term Auto-leveller to maintain the uniformity of Sliver and are having on line monitoring system called Card Management System (CMS). Length of Sliver, quality of Sliver in terms of CV% and other technical parameters can be adjusted on CMS as per the requirement of production.
Products manufactured by the company:
They manufacture all the three categories of Denim:
Varieties:Basic Denim (Open End x Open End)
Other varieties for the fashion demanding clients.
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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