Market Cap ₹651 Cr.
Stock P/E 24.9
P/B 4
Current Price ₹72.4
Book Value ₹ 18
Face Value 2
52W High ₹72.4
Dividend Yield 0%
52W Low ₹ 26.7
R & B Denims Ltd is engaged in production and selling denim textile merchandise. The Company is manufacturing various forms of denim fabric and undertaking various products with open end spun yarns, multi count, cottons and polyester spandex with indigo bottom sulfur toppings and sulfur backside, and indigo toppings with both foam and wet finishes. The Company also offers fancy yarn play in weft styles in different weave designs. Its weave styles consist of plain, twill and broken twill, oxford, satin, matty and dobby. It offers cotton products inside the shape of natural cotton and mix polycotton. The Company's products have diverse chemical and mechanical finishes. The Company has a manufacturing potential of over 20 million meters per annum. The Company's plant is situated at Palsana, Surat, Gujarat, India.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 81 | 101 | 117 | 30 | 45 | 71 | 52 | 66 | 107 | 123 |
| Other Income | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 2 |
| Total Income | 81 | 102 | 117 | 30 | 46 | 71 | 52 | 67 | 108 | 125 |
| Total Expenditure | 69 | 88 | 106 | 18 | 40 | 65 | 40 | 57 | 93 | 110 |
| Operating Profit | 12 | 14 | 12 | 12 | 7 | 7 | 12 | 9 | 15 | 15 |
| Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 0 |
| Depreciation | 2 | 5 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 5 |
| Exceptional Income / Expenses | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 9 | 9 | 10 | 8 | 2 | 2 | 8 | 4 | 8 | 10 |
| Provision for Tax | 2 | 2 | 3 | 2 | 0 | 0 | 3 | 1 | 2 | 3 |
| Profit After Tax | 7 | 6 | 7 | 5 | 2 | 1 | 5 | 4 | 6 | 7 |
| Adjustments | -0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 7 | 6 | 7 | 5 | 2 | 1 | 5 | 4 | 6 | 7 |
| Adjusted Earnings Per Share | 0.9 | 0.9 | 1 | 0.8 | 0.3 | 0.2 | 0.7 | 0.5 | 0.8 | 0.8 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 244 | 257 | 182 | 293 | 263 | 348 |
| Other Income | 1 | 1 | 1 | 1 | 2 | 3 |
| Total Income | 245 | 258 | 183 | 294 | 265 | 352 |
| Total Expenditure | 222 | 238 | 157 | 251 | 228 | 300 |
| Operating Profit | 23 | 20 | 27 | 43 | 37 | 51 |
| Interest | 7 | 6 | 6 | 6 | 5 | 5 |
| Depreciation | 10 | 9 | 7 | 10 | 12 | 17 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 1 | 2 | 0 |
| Profit Before Tax | 7 | 5 | 14 | 29 | 21 | 30 |
| Provision for Tax | 2 | 2 | 4 | 8 | 6 | 9 |
| Profit After Tax | 5 | 3 | 10 | 22 | 15 | 22 |
| Adjustments | -1 | -0 | -2 | -1 | -1 | 0 |
| Profit After Adjustments | 4 | 3 | 8 | 21 | 15 | 22 |
| Adjusted Earnings Per Share | 0.6 | 0.5 | 1.2 | 3 | 2.1 | 2.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -10% | 1% | 0% | 0% |
| Operating Profit CAGR | -14% | 23% | 0% | 0% |
| PAT CAGR | -32% | 71% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 140% | 87% | 52% | 41% |
| ROE Average | 22% | 29% | 22% | 22% |
| ROCE Average | 19% | 21% | 17% | 17% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Shareholder's Funds | 39 | 35 | 43 | 64 | 79 |
| Minority's Interest | 1 | -3 | -2 | 0 | 0 |
| Borrowings | 23 | 17 | 36 | 37 | 41 |
| Other Non-Current Liabilities | -1 | 3 | 3 | 2 | 2 |
| Total Current Liabilities | 70 | 93 | 56 | 81 | 31 |
| Total Liabilities | 133 | 144 | 136 | 184 | 154 |
| Fixed Assets | 52 | 46 | 36 | 61 | 69 |
| Other Non-Current Assets | 5 | 2 | 25 | 3 | 3 |
| Total Current Assets | 76 | 95 | 74 | 120 | 83 |
| Total Assets | 133 | 144 | 136 | 184 | 154 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 3 | 4 | 13 |
| Cash Flow from Operating Activities | 14 | 6 | 16 | 16 | 50 |
| Cash Flow from Investing Activities | -3 | 2 | -11 | -19 | -16 |
| Cash Flow from Financing Activities | -11 | -4 | -5 | 12 | -39 |
| Net Cash Inflow / Outflow | -0 | 3 | 0 | 10 | -5 |
| Closing Cash & Cash Equivalent | 0 | 3 | 4 | 13 | 8 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.55 | 0.47 | 1.18 | 3.02 | 2.13 |
| CEPS(Rs) | 2.04 | 1.72 | 2.4 | 4.49 | 3.99 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 5.62 | 4.95 | 6.16 | 9.19 | 11.33 |
| Core EBITDA Margin(%) | 9.29 | 7.42 | 13.86 | 14.42 | 13.06 |
| EBIT Margin(%) | 5.59 | 4.46 | 10.95 | 11.99 | 10.11 |
| Pre Tax Margin(%) | 2.73 | 2.08 | 7.79 | 10.05 | 8.05 |
| PAT Margin (%) | 1.86 | 1.36 | 5.61 | 7.38 | 5.89 |
| Cash Profit Margin (%) | 5.84 | 4.69 | 9.22 | 10.71 | 10.62 |
| ROA(%) | 3.42 | 2.53 | 7.31 | 13.55 | 9.17 |
| ROE(%) | 11.54 | 9.46 | 26.29 | 40.31 | 21.56 |
| ROCE(%) | 12.41 | 10.67 | 18.5 | 26.88 | 18.89 |
| Receivable days | 47.37 | 58.94 | 88.06 | 57.73 | 60.36 |
| Inventory Days | 44.73 | 40.54 | 44.59 | 28.95 | 34 |
| Payable days | 34.24 | 38.11 | 45.14 | 26.77 | 30.63 |
| PER(x) | 15.96 | 13.65 | 6.93 | 27.42 | 7.97 |
| Price/Book(x) | 1.58 | 1.3 | 1.33 | 9 | 1.5 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.54 | 0.43 | 0.67 | 2.22 | 0.62 |
| EV/Core EBITDA(x) | 5.67 | 5.58 | 4.59 | 14.98 | 4.42 |
| Net Sales Growth(%) | 0 | 5.11 | -29.09 | 60.94 | -10.39 |
| EBIT Growth(%) | 0 | -16.16 | 74.17 | 76.22 | -24.41 |
| PAT Growth(%) | 0 | -22.86 | 192.15 | 111.71 | -28.5 |
| EPS Growth(%) | 0 | -14.84 | 150.68 | 154.72 | -29.41 |
| Debt/Equity(x) | 1.8 | 2.02 | 1.58 | 1.34 | 0.65 |
| Current Ratio(x) | 1.09 | 1.03 | 1.33 | 1.49 | 2.66 |
| Quick Ratio(x) | 0.66 | 0.74 | 1.02 | 1.12 | 2.02 |
| Interest Cover(x) | 1.95 | 1.87 | 3.47 | 6.17 | 4.9 |
| Total Debt/Mcap(x) | 1.14 | 1.55 | 1.18 | 0.15 | 0.44 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.79 | 73.79 | 73.79 | 73.79 | 73.79 | 73.79 | 73.79 | 73.79 | 73.79 | 73.79 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 | 26.21 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 5.16 | 5.16 | 5.16 | 5.16 | 5.16 | 5.16 | 5.16 | 5.16 | 5.16 | 5.16 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Pros
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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