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Reliance Chemotex Industries

BSE:503162
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
503162
BSE
₹296M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Reliance Chemotex Industries Limited manufactures and sells synthetic blended yarns in India and internationally. The last earnings update was 14 days ago. More info.


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503162 Share Price and Events
7 Day Returns
1.8%
BSE:503162
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
-28.2%
BSE:503162
-3.3%
IN Luxury
0.1%
IN Market
503162 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reliance Chemotex Industries (503162) 1.8% -13.4% -0.8% -28.2% 68.9% 123.5%
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 503162 underperformed the Luxury industry which returned -3.3% over the past year.
  • 503162 underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
503162
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Reliance Chemotex Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Reliance Chemotex Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Reliance Chemotex Industries.

BSE:503162 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 21.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:503162
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 35%) (262.46%))
1.65
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.65
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.65 * 8.6%)
21.74%

Discounted Cash Flow Calculation for BSE:503162 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Reliance Chemotex Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:503162 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 21.74%)
2019 134.45 Est @ 12.75% 110.44
2020 149.50 Est @ 11.19% 100.88
2021 164.60 Est @ 10.1% 91.23
2022 179.96 Est @ 9.33% 81.93
2023 195.80 Est @ 8.8% 73.23
2024 212.29 Est @ 8.42% 65.22
2025 229.62 Est @ 8.16% 57.94
2026 247.94 Est @ 7.98% 51.39
2027 267.41 Est @ 7.85% 45.53
2028 288.16 Est @ 7.76% 40.30
Present value of next 10 years cash flows ₹718.10
BSE:503162 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹288.16 × (1 + 7.55%) ÷ (21.74% – 7.55%)
₹2,184.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,184.18 ÷ (1 + 21.74%)10
₹305.49
BSE:503162 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹718.10 + ₹305.49
₹1,023.59
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,023.59 / 4.00
₹255.78
BSE:503162 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹255.78
Current discount Discount to share price of ₹74.30
= -1 x (₹74.30 - ₹255.78) / ₹255.78
71%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Reliance Chemotex Industries is available for.
Intrinsic value
>50%
Share price is ₹74.3 vs Future cash flow value of ₹255.78
Current Discount Checks
For Reliance Chemotex Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Reliance Chemotex Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Reliance Chemotex Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Reliance Chemotex Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reliance Chemotex Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:503162 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹4.54
BSE:503162 Share Price ** BSE (2019-04-18) in INR ₹74.3
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Reliance Chemotex Industries.

BSE:503162 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:503162 Share Price ÷ EPS (both in INR)

= 74.3 ÷ 4.54

16.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Chemotex Industries is overvalued based on earnings compared to the IN Luxury industry average.
  • Reliance Chemotex Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Reliance Chemotex Industries's expected growth come at a high price?
Raw Data
BSE:503162 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.7%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Reliance Chemotex Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Reliance Chemotex Industries's assets?
Raw Data
BSE:503162 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹179.16
BSE:503162 Share Price * BSE (2019-04-18) in INR ₹74.3
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:503162 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:503162 Share Price ÷ Book Value per Share (both in INR)

= 74.3 ÷ 179.16

0.41x

* Primary Listing of Reliance Chemotex Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reliance Chemotex Industries is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Reliance Chemotex Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Reliance Chemotex Industries has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Reliance Chemotex Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Reliance Chemotex Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reliance Chemotex Industries expected to grow at an attractive rate?
  • Reliance Chemotex Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Reliance Chemotex Industries's earnings growth is positive but not above the India market average.
  • Unable to compare Reliance Chemotex Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:503162 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:503162 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.7%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:503162 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:503162 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,126 32
2018-09-30 3,047 18
2018-06-30 2,881 19
2018-03-31 2,845 107 26
2017-12-31 2,877 27
2017-09-30 2,844 19
2017-06-30 2,949 62
2017-03-31 2,910 318 65
2016-12-31 2,799 42
2016-09-30 2,757 24
2016-06-30 2,654 6
2016-03-31 2,571 123 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Reliance Chemotex Industries's earnings are expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Reliance Chemotex Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:503162 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Reliance Chemotex Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:503162 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31
2018-09-30 4.54
2018-06-30 4.90
2018-03-31 6.53
2017-12-31 6.70
2017-09-30 4.78
2017-06-30 9.16
2017-03-31 16.30
2016-12-31 4.60
2016-09-30 3.83
2016-06-30 2.69
2016-03-31 -0.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Reliance Chemotex Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Reliance Chemotex Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Reliance Chemotex Industries has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Reliance Chemotex Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Reliance Chemotex Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Reliance Chemotex Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Reliance Chemotex Industries's 1-year earnings growth exceeds its 5-year average (19.4% vs -12%)
  • Reliance Chemotex Industries's earnings growth has exceeded the IN Luxury industry average in the past year (19.4% vs 14.8%).
Earnings and Revenue History
Reliance Chemotex Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Reliance Chemotex Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:503162 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,126.39 31.78 403.97
2018-09-30 3,046.86 18.09 396.83
2018-06-30 2,881.44 19.49 374.85
2018-03-31 2,845.49 25.98 384.57
2017-12-31 2,877.12 26.61 373.77
2017-09-30 2,844.35 19.04 368.01
2017-06-30 2,948.66 62.25 359.29
2017-03-31 2,909.55 64.80 372.27
2016-12-31 2,799.49 41.73 368.65
2016-09-30 2,757.47 24.02 359.20
2016-06-30 2,653.71 6.27 346.48
2016-03-31 2,571.26 -2.46 341.44
2015-12-31 2,426.07 -7.20 468.20
2015-09-30 2,384.30 13.77 471.48
2015-06-30 2,341.22 60.57 327.28
2015-03-31 2,345.47 40.21 323.15
2014-12-31 2,395.35 34.09 410.16
2014-09-30 2,489.18 36.58 393.55
2014-06-30 2,484.85 56.12 311.92
2014-03-31 2,499.21 34.18 375.25
2013-12-31 2,423.80 70.09 346.53
2013-09-30 2,174.99 62.51 333.27
2013-06-30 2,043.36 71.04 213.29
2013-03-31 2,042.98 44.82 313.98
2012-12-31 2,001.87 16.63 285.61
2012-09-30 2,009.26 10.99 283.95
2012-06-30 1,976.91 5.23 282.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Reliance Chemotex Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Reliance Chemotex Industries used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Reliance Chemotex Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Reliance Chemotex Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Reliance Chemotex Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Reliance Chemotex Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Reliance Chemotex Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reliance Chemotex Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Reliance Chemotex Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Reliance Chemotex Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Reliance Chemotex Industries Company Filings, last reported 3 months ago.

BSE:503162 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 709.59 776.71 96.21
2018-09-30 709.59 776.71 96.21
2018-06-30 704.17 831.74 86.15
2018-03-31 704.17 938.80 41.01
2017-12-31 648.40 842.48 110.47
2017-09-30 648.40 842.48 110.47
2017-06-30 621.10 582.96 48.92
2017-03-31 680.78 946.35 45.62
2016-12-31 624.50 637.18 56.40
2016-09-30 624.50 637.18 56.40
2016-06-30 586.69 896.38 48.40
2016-03-31 586.69 896.38 80.01
2015-12-31 605.27 856.07 42.82
2015-09-30 605.27 856.07 42.82
2015-06-30 591.85 736.49 44.97
2015-03-31 591.85 842.83 44.97
2014-12-31
2014-09-30
2014-06-30 526.43 545.39 31.73
2014-03-31 526.43 645.84 31.73
2013-12-31
2013-09-30
2013-06-30 480.41 602.19 49.33
2013-03-31 480.41 693.23 49.33
2012-12-31 389.86 470.98 49.46
2012-09-30 389.86 470.98 49.46
2012-06-30 372.18 594.81 116.39
  • Reliance Chemotex Industries's level of debt (109.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (123.5% vs 109.5% today).
  • Debt is not well covered by operating cash flow (13.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Reliance Chemotex Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reliance Chemotex Industries has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Reliance Chemotex Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.35%
Current annual income from Reliance Chemotex Industries dividends.
If you bought ₹2,000 of Reliance Chemotex Industries shares you are expected to receive ₹27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Reliance Chemotex Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.49%).
  • Reliance Chemotex Industries's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:503162 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:503162 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-20 1.000 1.370
2018-05-17 1.000 1.259
2017-08-04 1.000 1.095
2016-08-12 1.000 1.396
2016-05-24 1.000 1.520
2015-09-07 1.000 2.220
2015-06-01 1.000 2.293
2014-09-12 1.000 2.334
2014-05-30 1.000 2.426
2014-02-14 1.500 4.552
2013-11-28 1.500 4.768
2013-09-24 1.000 3.326
2012-07-31 1.000 2.783
2011-08-08 1.000 0.858
2010-10-01 1.000 0.915
2009-07-07 1.000 2.823
2009-05-04 1.000 3.278
2009-04-20 1.000 4.072

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Reliance Chemotex Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Reliance Chemotex Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reliance Chemotex Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reliance Chemotex Industries has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Reliance Chemotex Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sanjiv Shroff
COMPENSATION ₹8,187,160
AGE 57
TENURE AS CEO 30.6 years
CEO Bio

Mr. Sanjiv Shroff has been Managing Director of Modern Fibotex India Limited since March 25, 2013. Mr. Shroff has been Managing Director of Reliance Chemotex Industries Limited since September 01, 1988. He serves as Vice Chairman of Reliance Chemotex Industries Limited since October 22, 2010. He has wide Industrial Experience spanning over 22 years in Textile Sector. Mr. Sanjiv Shroff has a Bachelor of Science in Chemistry (Honours) from St. Xavier's College, Kolkata University.

CEO Compensation
  • Sanjiv's compensation has increased by more than 20% in the past year.
  • Sanjiv's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Reliance Chemotex Industries management team in years:

4.7
Average Tenure
53
Average Age
  • The tenure for the Reliance Chemotex Industries management team is about average.
Management Team

Sanjiv Shroff

TITLE
Vice Chairman & MD
COMPENSATION
₹8M
AGE
57
TENURE
30.6 yrs

Azad Arya

TITLE
President
AGE
64

Amar Inder Jassar

TITLE
Chief Financial Officer
COMPENSATION
₹5M
AGE
50
TENURE
1.3 yrs

Vimal Tank

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹998K
TENURE
4.7 yrs

S. Saksena

TITLE
Vice President of Personal
AGE
61

Rahul Shroff

TITLE
Executive Director
COMPENSATION
₹7M
AGE
32

Ameya Shroff

TITLE
Executive Director
COMPENSATION
₹6M
AGE
28

Anil Mujumdar

TITLE
Vice President of Enginerring
AGE
56

Ashok Shrivastav

TITLE
Vice President of Marketing
AGE
46
Board of Directors Tenure

Average tenure and age of the Reliance Chemotex Industries board of directors in years:

6.4
Average Tenure
65
Average Age
  • The tenure for the Reliance Chemotex Industries board of directors is about average.
Board of Directors

Ramadoss Srinivasan

TITLE
Chairman
COMPENSATION
₹32K
AGE
71
TENURE
2.4 yrs

Sanjiv Shroff

TITLE
Vice Chairman & MD
COMPENSATION
₹8M
AGE
57
TENURE
8.5 yrs

Shanker Shroff

TITLE
Chairman Emeritus
TENURE
3.7 yrs

Rahul Shroff

TITLE
Executive Director
COMPENSATION
₹7M
AGE
32
TENURE
8.7 yrs

Ameya Shroff

TITLE
Executive Director
COMPENSATION
₹6M
AGE
28
TENURE
5.7 yrs

Kishori Sonthalia

TITLE
Independent Non-Executive Director
COMPENSATION
₹71K
AGE
81

Ram Sharma

TITLE
Non Executive Director
COMPENSATION
₹26K
AGE
71
TENURE
10.8 yrs

Nand Khaitan

TITLE
Non-Independent Non-Executive Director
COMPENSATION
₹60K
AGE
59

Narayan Shroff

TITLE
Independent Non-Executive Director
COMPENSATION
₹33K
AGE
81
TENURE
7.2 yrs

Dipika Shroff

TITLE
Non-Executive Director
COMPENSATION
₹40K
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Reliance Chemotex Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Reliance Chemotex Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Reliance Chemotex Industries Limited manufactures and sells synthetic blended yarns in India and internationally. It offers home furnishing, industrial, and apparel yarns. The company was founded in 1977 and is headquartered in Kolkata, India.

Details
Name: Reliance Chemotex Industries Limited
503162
Exchange: BSE
Founded: 1977
₹295,936,807
4,001,850
Website: http://www.reliancechemotex.com
Address: Reliance Chemotex Industries Limited
World Trade Centre,
14/1B, Ezra Street,
Kolkata,
West Bengal, 700001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 503162 Equity Shares Mumbai Stock Exchange IN INR 12. Mar 2002
Number of employees
Current staff
Staff numbers
1,671
Reliance Chemotex Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:36
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.