Rishi Techtex Limited manufactures and sells plastic woven products, sacks, and shade nets in India.
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.
7 Day Return
1 Year Return
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.
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
Is Rishi Techtex undervalued compared to its fair value and its price relative to the market?
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).
How is Rishi Techtex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Rishi Techtex's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Rishi Techtex competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Rishi Techtex performed over the past 5 years?
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
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).
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).
What is Rishi Techtex's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Abhishek Patel (33yo)
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.
|MD & Chairman||5.8yrs||₹7.70m||13.51% ₹28.0m|
|Non-Executive Director||19.1yrs||₹12.50k||0.024% ₹49.5k|
|Independent Director||4.6yrs||₹30.00k||no data|
|Independent Director||0.5yrs||no data||no data|
Experienced Board: 523021's board of directors are considered experienced (4.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Rishi Techtex Limited's company bio, employee growth, exchange listings and data sources
- 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
- Rishi Techtex Limited
- 612, Veena Killedar Industrial Estate
- 10-14 Pais Street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|523021||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Mar 2002|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 12:57|
|End of Day Share Price||2020/02/27 00:00|
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.