BSE:523021

Stock Analysis Report

Executive Summary

Rishi Techtex Limited manufactures and sells plastic woven products, sacks, and shade nets in India.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.

Share Price & News

How has Rishi Techtex's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 523021 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.8%

523021

-4.4%

IN Luxury

-3.5%

IN Market


1 Year Return

-42.8%

523021

12.8%

IN Luxury

5.2%

IN Market

Return vs Industry: 523021 underperformed the Indian Luxury industry which returned 12.8% over the past year.

Return vs Market: 523021 underperformed the Indian Market which returned 5.2% over the past year.


Shareholder returns

523021IndustryMarket
7 Day-3.8%-4.4%-3.5%
30 Day-9.7%-1.4%-3.9%
90 Day-4.1%6.0%-2.1%
1 Year-42.8%-42.8%13.5%12.8%7.2%5.2%
3 Year-55.8%-55.8%45.8%44.0%18.9%12.4%
5 Year194.8%194.8%97.3%93.7%29.4%17.7%

Price Volatility Vs. Market

How volatile is Rishi Techtex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Rishi Techtex undervalued compared to its fair value and its price relative to the market?

9.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 523021 (₹25.5) is trading above our estimate of fair value (₹9.85)

Significantly Below Fair Value: 523021 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 523021 is good value based on its PE Ratio (9.4x) compared to the Luxury industry average (10.6x).

PE vs Market: 523021 is good value based on its PE Ratio (9.4x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523021's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523021 is overvalued based on its PB Ratio (0.7x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Rishi Techtex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rishi Techtex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Rishi Techtex performed over the past 5 years?

13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523021 has high quality earnings.

Growing Profit Margin: 523021's current net profit margins (2.5%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: 523021's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: 523021's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 523021 had negative earnings growth (-42.3%) over the past year, making it difficult to compare to the Luxury industry average (6.4%).


Return on Equity

High ROE: 523021's Return on Equity (7.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Rishi Techtex's financial position?


Financial Position Analysis

Short Term Liabilities: 523021's short term assets (₹358.4M) exceed its short term liabilities (₹253.3M).

Long Term Liabilities: 523021's short term assets (₹358.4M) exceed its long term liabilities (₹55.0M).


Debt to Equity History and Analysis

Debt Level: 523021's debt to equity ratio (73.1%) is considered high.

Reducing Debt: 523021's debt to equity ratio has reduced from 95.6% to 73.1% over the past 5 years.

Debt Coverage: 523021's debt is well covered by operating cash flow (26.3%).

Interest Coverage: 523021's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: 523021 has a high level of physical assets or inventory.

Debt Coverage by Assets: 523021's debt is covered by short term assets (assets are 1.9x debt).


Next Steps

Dividend

What is Rishi Techtex's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.7%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 523021's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 523021's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 523021's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 523021's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 523021's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average board tenure


CEO

Abhishek Patel (33yo)

5.8yrs

Tenure

₹7,704,000

Compensation

Mr. Abhishek Harshad Patel has been the Managing Director of Rishi Techtex Limited since May 2014 and its Additional Whole Time Director since November 01, 2012. Mr. Patel has been Chairman of Rishi Techte ...


CEO Compensation Analysis

Compensation vs Market: Abhishek's total compensation ($USD107.63K) is above average for companies of similar size in the Indian market ($USD50.10K).

Compensation vs Earnings: Abhishek's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Abhishek Patel
MD & Chairman5.8yrs₹7.70m13.51% 28.0m
Pranav Patel
Non-Executive Director19.1yrs₹12.50k0.024% 49.5k
Sheela Ayyar
Independent Director4.6yrs₹30.00kno data
Kunal Rastogi
Independent Director0.5yrsno datano data

4.6yrs

Average Tenure

41.5yo

Average Age

Experienced Board: 523021's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rishi Techtex Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rishi Techtex Limited
  • Ticker: 523021
  • Exchange: BSE
  • Founded: 1984
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹206.948m
  • Shares outstanding: 7.39m
  • Website: https://www.rishitechtex.com

Number of Employees


Location

  • Rishi Techtex Limited
  • 612, Veena Killedar Industrial Estate
  • 10-14 Pais Street
  • Mumbai
  • Maharashtra
  • 400011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523021BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2002

Biography

Rishi Techtex Limited manufactures and sells plastic woven products, sacks, and shade nets in India. It provides shade nets that are used in agriculture/horticulture field, fruit collection nets, bird nets, shade sail fabrics, privacy fabrics, swimming pool covers, deck and patio covers, fabrics for cattle/poultry sheds, shades for drying grapes to make raisins, scaffolding nets for buildings under construction, shades for vermicomposting, and car parking shades, as well as wind breakers for crops, vegetables, flowering plants, and fruit-trees. The company’s shade nets are also used as color shade nets for various applications, such as laundry bags for hotels/homes, curtains for windows and home/office etc., partition for home/offices/playground, and balcony covers/terrace garden nets for home gardening; and used as pallet wraps for protecting food shipments. In addition, it offers laminated/unlaminated PP woven sacks for the packing of powdered and granulated industrial products, such as fertilizers, cement, plastic polymers, chemicals, bale coverings, tarpaulins, sugar, food grains, salt, sand, etc. Rishi Techtex Limited also exports its products to the United Kingdom, the Middle East, Central America, Portugal, Africa, Australia, and New Zealand. The company was formerly known as Rishi Packers Limited. Rishi Techtex Limited was founded in 1984 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 12:57
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.