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Rishi Techtex

BSE:523021
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
523021
BSE
₹310M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Rishi Techtex Limited manufactures and sells plastic woven products, sacks, and shade nets in India. The last earnings update was 66 days ago. More info.


Add to Portfolio Compare Print
  • Rishi Techtex has significant price volatility in the past 3 months.
523021 Share Price and Events
7 Day Returns
0%
BSE:523021
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-36.7%
BSE:523021
-3.2%
IN Luxury
-0.7%
IN Market
523021 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rishi Techtex (523021) 0% -2.4% -7.5% -36.7% 134.4% 587.7%
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • 523021 underperformed the Luxury industry which returned -3.2% over the past year.
  • 523021 underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
523021
Industry
5yr Volatility vs Market
Related Companies

523021 Value

 Is Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex.

BSE:523021 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 16%
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:523021
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))
= 0.729 (1 + (1- 35%) (50.09%))
0.978
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.978 * 8.6%)
15.96%

Discounted Cash Flow Calculation for BSE:523021 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rishi Techtex 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:523021 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.96%)
2019 18.45 Est @ 12.77% 15.91
2020 20.52 Est @ 11.2% 15.26
2021 22.59 Est @ 10.11% 14.49
2022 24.70 Est @ 9.34% 13.66
2023 26.88 Est @ 8.8% 12.82
2024 29.15 Est @ 8.43% 11.99
2025 31.52 Est @ 8.16% 11.18
2026 34.04 Est @ 7.98% 10.41
2027 36.71 Est @ 7.85% 9.69
2028 39.56 Est @ 7.76% 9.00
Present value of next 10 years cash flows ₹124.43
BSE:523021 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹39.56 × (1 + 7.55%) ÷ (15.96% – 7.55%)
₹506.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹506.11 ÷ (1 + 15.96%)10
₹115.15
BSE:523021 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹124.43 + ₹115.15
₹239.58
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹239.58 / 7.39
₹32.41
BSE:523021 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹32.41
Current discount Discount to share price of ₹41.95
= -1 x (₹41.95 - ₹32.41) / ₹32.41
-29.4%

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

  • The current share price of Rishi Techtex is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Rishi Techtex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rishi Techtex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:523021 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹4.68
BSE:523021 Share Price ** BSE (2019-04-18) in INR ₹41.95
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

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

** Primary Listing of Rishi Techtex.

BSE:523021 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:523021 Share Price ÷ EPS (both in INR)

= 41.95 ÷ 4.68

8.96x

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

  • Rishi Techtex is good value based on earnings compared to the IN Luxury industry average.
  • Rishi Techtex is good value based on earnings compared to the India market.
Price based on expected Growth
Does Rishi Techtex's expected growth come at a high price?
Raw Data
BSE:523021 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-3.7%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*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 Rishi Techtex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rishi Techtex's assets?
Raw Data
BSE:523021 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹30.44
BSE:523021 Share Price * BSE (2019-04-18) in INR ₹41.95
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
BSE:523021 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:523021 Share Price ÷ Book Value per Share (both in INR)

= 41.95 ÷ 30.44

1.38x

* Primary Listing of Rishi Techtex.

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

  • Rishi Techtex is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Rishi Techtex'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. Rishi Techtex has a total score of 2/6, 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.

523021 Future Performance

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

  • No analysts cover Rishi Techtex, 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
-3.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rishi Techtex expected to grow at an attractive rate?
  • Rishi Techtex's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Rishi Techtex's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Rishi Techtex's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:523021 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:523021 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -3.7%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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:523021 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:523021 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:523021 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 820 35
2018-06-30 722 29
2018-03-31 666 62 25
2017-12-31 590 20
2017-09-30 573 21
2017-06-30 582 23
2017-03-31 593 32 24
2016-12-31 613 23
2016-09-30 621 21
2016-06-30 629 20
2016-03-31 617 37 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rishi Techtex's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Rishi Techtex 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:523021 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 Rishi Techtex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523021 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:523021 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 4.68
2018-06-30 3.90
2018-03-31 3.42
2017-12-31 2.78
2017-09-30 2.63
2017-06-30 3.14
2017-03-31 3.46
2016-12-31 3.33
2016-09-30 3.48
2016-06-30 3.43
2016-03-31 3.02

*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 Rishi Techtex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Rishi Techtex'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.
Rishi Techtex has a total score of 0/6, 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.

523021 Past Performance

  How has Rishi Techtex 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 Rishi Techtex'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.
  • Rishi Techtex has delivered over 20% year on year earnings growth in the past 5 years.
  • Rishi Techtex's 1-year earnings growth exceeds its 5-year average (70.2% vs 21.2%)
  • Rishi Techtex's earnings growth has exceeded the IN Luxury industry average in the past year (70.2% vs 14.8%).
Earnings and Revenue History
Rishi Techtex'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 Rishi Techtex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523021 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 819.97 34.62 65.32
2018-06-30 721.95 28.54 59.58
2018-03-31 665.76 25.29 59.28
2017-12-31 590.14 20.34 53.90
2017-09-30 573.18 20.74 48.99
2017-06-30 582.08 23.41 44.32
2017-03-31 592.84 24.50 43.01
2016-12-31 613.06 23.22 43.72
2016-09-30 620.68 20.65 43.65
2016-06-30 628.50 20.16 42.30
2016-03-31 616.93 17.52 41.81
2015-12-31 584.44 16.50 62.95
2015-09-30 539.17 15.78 61.18
2015-06-30 507.18 13.95 59.57
2015-03-31 484.62 13.22 36.69
2014-12-31 485.25 14.09 56.70
2014-09-30 480.74 15.19 56.38
2014-06-30 470.73 14.76 33.02
2014-03-31 433.12 12.68 55.17
2013-12-31 397.86 4.96 51.64
2013-09-30 381.40 -1.63 50.92
2013-06-30 358.70 -7.10 50.06
2013-03-31 355.30 -9.62 49.18
2012-12-31 353.02 -6.86 28.05
2012-09-30 345.63 -2.09 19.74
2012-06-30 344.32 4.53 26.39

*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.
  • Rishi Techtex has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rishi Techtex used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Rishi Techtex has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rishi Techtex'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.
Rishi Techtex has a total score of 5/6, 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.

523021 Health

 How is Rishi Techtex'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 Rishi Techtex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rishi Techtex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rishi Techtex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rishi Techtex'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 2x 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 Rishi Techtex Company Filings, last reported 3 months ago.

BSE:523021 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31
2018-06-30 222.91 155.31 9.45
2018-03-31 222.91 155.31 9.13
2017-12-31 225.81 162.99 8.53
2017-09-30 225.81 162.99 8.53
2017-06-30 215.53 105.52 12.50
2017-03-31 194.75 104.82 12.50
2016-12-31 179.18 95.02 12.65
2016-09-30 179.18 95.02 12.65
2016-06-30 166.77 95.15 10.93
2016-03-31 166.77 94.19 10.93
2015-12-31 148.93 108.66 12.89
2015-09-30 148.93 108.66 12.89
2015-06-30 142.04 117.35 11.75
2015-03-31 142.04 117.35 11.75
2014-12-31 133.15 128.21 10.28
2014-09-30 133.15 128.21 10.28
2014-06-30 128.82 136.16 9.70
2014-03-31 128.82 135.82 9.70
2013-12-31 117.96 127.61 9.66
2013-09-30 117.96 127.61 9.66
2013-06-30 116.14 147.92 13.25
2013-03-31 116.14 138.61 13.25
2012-12-31
2012-09-30
2012-06-30
  • Rishi Techtex's level of debt (69.7%) 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 (127.2% vs 69.7% today).
  • Debt is well covered by operating cash flow (39.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Rishi Techtex'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. Rishi Techtex has a total score of 5/6, 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.

523021 Dividends

 What is Rishi Techtex'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
0%
Current annual income from Rishi Techtex dividends.
If you bought ₹2,000 of Rishi Techtex shares you are expected to receive ₹0 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?
  • Unable to evaluate Rishi Techtex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rishi Techtex's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:523021 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 1400 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:523021 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Rishi Techtex has not reported any payouts.
  • Unable to verify if Rishi Techtex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rishi Techtex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rishi Techtex has not reported any payouts.
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 Rishi Techtex'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 Rishi Techtex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rishi Techtex has a total score of 0/6, see the detailed checks below.


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

523021 Management

 What is the CEO of Rishi Techtex'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
Abhishek Patel
COMPENSATION ₹0
AGE 32
TENURE AS CEO 4.9 years
CEO Bio

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.

CEO Compensation
  • Abhishek's compensation has been consistent with company performance over the past year.
  • Abhishek's remuneration is lower than average for companies of similar size in India.
Management Team

Abhishek Patel

TITLE
MD & Additional Whole Time Director
AGE
32
TENURE
4.9 yrs

Jagdish Dokwal

TITLE
Chief Financial Officer
COMPENSATION
₹2M

Gauri Gangal

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹348K
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Rishi Techtex board of directors in years:

11.8
Average Tenure
48
Average Age
  • The average tenure for the Rishi Techtex board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Abhishek Patel

TITLE
MD & Additional Whole Time Director
AGE
32
TENURE
6.4 yrs

Arvindkumar Nopany

TITLE
Independent Director
COMPENSATION
₹25K
AGE
53
TENURE
17.3 yrs

Sheela Ayyar

TITLE
Independent Director
COMPENSATION
₹25K
AGE
47
TENURE
3.8 yrs

Pranav Patel

TITLE
Independent Director
COMPENSATION
₹13K
AGE
49
TENURE
18.3 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 Rishi Techtex'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. Rishi Techtex 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.

523021 News

Simply Wall St News

523021 Company Info

Description

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.

Details
Name: Rishi Techtex Limited
523021
Exchange: BSE
Founded: 1984
₹310,052,450
7,391,000
Website: http://www.rishitechtex.com
Address: Rishi Techtex Limited
612, Veena Killedar Industrial Estate,
10-14 Pais Street,
Mumbai,
Maharashtra, 400011,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 523021 Equity Shares Mumbai Stock Exchange IN INR 05. Mar 2002
Number of employees
Current staff
Staff numbers
193
Rishi Techtex employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/05/26
Last earnings filing: 2019/02/13
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.