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Indo Rama Synthetics (India)

NSEI:INDORAMA
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INDORAMA
NSEI
₹9B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Indo Rama Synthetics (India) Limited primarily manufactures and supplies polyester in India, Indonesia, Thailand, the United States, Nepal, and Sri Lanka. The last earnings update was 4 days ago. More info.


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  • Indo Rama Synthetics (India) has significant price volatility in the past 3 months.
INDORAMA Share Price and Events
7 Day Returns
-0.1%
NSEI:INDORAMA
-2.1%
IN Luxury
-2.4%
IN Market
1 Year Returns
1%
NSEI:INDORAMA
-8.5%
IN Luxury
-9%
IN Market
INDORAMA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indo Rama Synthetics (India) (INDORAMA) -0.1% -2.4% 80.7% 1% 28.9% 117.5%
IN Luxury -2.1% -1.1% -3.2% -8.5% 49.4% 189.7%
IN Market -2.4% -4.1% -4% -9% 41.6% 79.8%
1 Year Return vs Industry and Market
  • INDORAMA outperformed the Luxury industry which returned -8.5% over the past year.
  • INDORAMA outperformed the Market in India which returned -9% over the past year.
Price Volatility
INDORAMA
Industry
5yr Volatility vs Market

Value

 Is Indo Rama Synthetics (India) 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 Indo Rama Synthetics (India) 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 Indo Rama Synthetics (India).

NSEI:INDORAMA 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 13.5%
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 NSEI:INDORAMA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (49.41%))
0.758
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for NSEI:INDORAMA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indo Rama Synthetics (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:INDORAMA DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 165.04 152.20 140.36 129.44 119.37
Source Est @ -7.78% Est @ -7.78% Est @ -7.78% Est @ -7.78% Est @ -7.78%
Present Value
Discounted (@ 13.51%)
145.40 118.13 95.97 77.97 63.35
Present value of next 5 years cash flows ₹500.81
NSEI:INDORAMA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹119.37 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹2,154.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹2,154.03 ÷ (1 + 13.51%)5
₹1,143.09
NSEI:INDORAMA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹500.81 + ₹1,143.09
₹1,643.90
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,643.90 / 261.11
₹6.29
NSEI:INDORAMA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:INDORAMA represents 0.99854x of BSE:500207
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99854x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 6.30 x 0.99854
₹6.29
Value per share (INR) From above. ₹6.29
Current discount Discount to share price of ₹34.15
= -1 x (₹34.15 - ₹6.29) / ₹6.29
-443.2%

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

  • The current share price of Indo Rama Synthetics (India) 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 Indo Rama Synthetics (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indo Rama Synthetics (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:INDORAMA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-8.50
BSE:500207 Share Price ** BSE (2019-02-15) in INR ₹34.2
India Luxury Industry PE Ratio Median Figure of 238 Publicly-Listed Luxury Companies 11.72x
India Market PE Ratio Median Figure of 2,718 Publicly-Listed Companies 15.15x

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

** Primary Listing of Indo Rama Synthetics (India).

NSEI:INDORAMA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500207 Share Price ÷ EPS (both in INR)

= 34.2 ÷ -8.50

-4.02x

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

  • Indo Rama Synthetics (India) is loss making, we can't compare its value to the IN Luxury industry average.
  • Indo Rama Synthetics (India) is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Indo Rama Synthetics (India)'s expected growth come at a high price?
Raw Data
NSEI:INDORAMA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*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 Indo Rama Synthetics (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Indo Rama Synthetics (India)'s assets?
Raw Data
NSEI:INDORAMA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹24.72
BSE:500207 Share Price * BSE (2019-02-15) in INR ₹34.2
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:INDORAMA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500207 Share Price ÷ Book Value per Share (both in INR)

= 34.2 ÷ 24.72

1.38x

* Primary Listing of Indo Rama Synthetics (India).

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

  • Indo Rama Synthetics (India) is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Indo Rama Synthetics (India)'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. Indo Rama Synthetics (India) has a total score of 0/6, 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 Indo Rama Synthetics (India) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Indo Rama Synthetics (India) 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
18.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indo Rama Synthetics (India) expected to grow at an attractive rate?
  • Unable to compare Indo Rama Synthetics (India)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Indo Rama Synthetics (India)'s earnings growth to the India market average as no estimate data is available.
  • Unable to compare Indo Rama Synthetics (India)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:INDORAMA Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
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
NSEI:INDORAMA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
NSEI:INDORAMA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 17,781 -1,320
2018-09-30 17,941 -1,113
2018-06-30 20,177 -963
2018-03-31 22,556 281 -827
2017-12-31 22,859 -635
2017-09-30 23,333 -822
2017-06-30 24,143 -793
2017-03-31 24,680 392 -803
2016-03-31 25,357 1,269 356

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Indo Rama Synthetics (India) is high growth as no earnings estimate data is available.
  • Unable to determine if Indo Rama Synthetics (India) 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
NSEI:INDORAMA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Indo Rama Synthetics (India) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INDORAMA Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -8.50
2018-09-30 -7.27
2018-06-30 -6.33
2018-03-31 -5.45
2017-12-31 -4.18
2017-09-30 -5.42
2017-06-30 -5.24
2017-03-31 -5.29
2016-03-31 2.35

*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 Indo Rama Synthetics (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of INDORAMA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Indo Rama Synthetics (India)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Indo Rama Synthetics (India)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Indo Rama Synthetics (India)'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.
Indo Rama Synthetics (India) 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.

Past Performance

  How has Indo Rama Synthetics (India) 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 Indo Rama Synthetics (India)'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.
  • Indo Rama Synthetics (India) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Indo Rama Synthetics (India)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Indo Rama Synthetics (India)'s 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Indo Rama Synthetics (India)'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 Indo Rama Synthetics (India) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:INDORAMA 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 17,780.90 -1,320.20 1,011.40
2018-09-30 17,941.40 -1,113.20 1,031.70
2018-06-30 20,177.40 -963.20 1,073.10
2018-03-31 22,556.40 -826.90 1,089.10
2017-12-31 22,858.70 -634.50 1,084.60
2017-09-30 23,332.80 -821.90 1,115.50
2017-06-30 24,143.40 -792.60 1,029.20
2017-03-31 24,680.40 -802.50 1,132.90
2016-03-31 25,356.60 356.40 1,144.40
2015-03-31 27,150.60 -217.40 977.50
2014-03-31 26,165.50 -135.50 1,490.90
2013-03-31 29,101.30 402.60 1,475.40
2012-12-31 29,957.50 1,147.90 1,543.40
2012-09-30 30,650.70 808.50 1,523.30
2012-06-30 31,022.00 -455.80 1,687.70
2012-03-31 29,688.00 319.60 1,478.80

*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.
  • It is difficult to establish if Indo Rama Synthetics (India) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Indo Rama Synthetics (India) has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Indo Rama Synthetics (India) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Indo Rama Synthetics (India)'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.
Indo Rama Synthetics (India) has a total score of 0/6, 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 Indo Rama Synthetics (India)'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 Indo Rama Synthetics (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indo Rama Synthetics (India)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Indo Rama Synthetics (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indo Rama Synthetics (India)'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 1.5x 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 Indo Rama Synthetics (India) Company Filings, last reported 1 month ago.

NSEI:INDORAMA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,876.80 4,386.60 1,405.00
2018-09-30 3,876.80 4,386.60 1,405.00
2018-06-30 4,196.80 3,664.50 145.40
2018-03-31 4,196.80 3,664.50 145.40
2017-12-31 4,684.10 2,534.90 1,517.00
2017-09-30 4,684.10 2,534.90 1,517.00
2017-06-30 5,017.00 2,487.20 1,468.00
2017-03-31 5,017.00 3,073.10 71.20
2016-03-31 6,016.00 3,210.60 74.40
2015-03-31 5,483.80 5,172.20 720.30
2014-03-31 5,873.40 6,583.40 482.10
2013-03-31 6,277.50 7,134.70 473.40
2012-12-31 6,895.40 4,950.60 697.80
2012-09-30 6,895.40 4,950.60 697.80
2012-06-30 6,196.30 5,872.10 458.00
2012-03-31 6,196.30 5,872.10 458.00
  • Indo Rama Synthetics (India)'s level of debt (113.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (112.5% vs 113.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Indo Rama Synthetics (India) has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Indo Rama Synthetics (India) has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 75.3% per year.
X
Financial health checks
We assess Indo Rama Synthetics (India)'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. Indo Rama Synthetics (India) has a total score of 3/6, 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 Indo Rama Synthetics (India)'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 Indo Rama Synthetics (India) dividends.
If you bought ₹2,000 of Indo Rama Synthetics (India) 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 Indo Rama Synthetics (India)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Indo Rama Synthetics (India)'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
NSEI:INDORAMA 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 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

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

NSEI:INDORAMA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-02-28 0.000 0.000
2017-11-07 0.000 0.000
2017-08-14 0.000 0.000
2016-05-18 1.000 3.070
2015-07-06 1.000 3.242
2015-05-18 1.000 3.872
2014-07-03 1.000 4.652
2014-05-20 1.000 4.479
2013-06-11 1.000 6.429
2013-05-10 1.000 5.957
2012-06-22 1.000 4.632
2011-08-03 2.000 7.143
2011-02-14 2.000 3.808
2010-11-09 2.000 3.124
2010-01-15 0.000 0.000
2009-10-15 0.000 0.000
2009-06-01 0.000 0.000
2009-02-19 1.000 4.780

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

  • Unable to perform a dividend volatility check as Indo Rama Synthetics (India) has not reported any payouts.
  • Unable to verify if Indo Rama Synthetics (India)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Indo Rama Synthetics (India)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Indo Rama Synthetics (India) 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 Indo Rama Synthetics (India)'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 Indo Rama Synthetics (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indo Rama Synthetics (India) 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.

Management

 What is the CEO of Indo Rama Synthetics (India)'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
Om Lohia
COMPENSATION ₹24,700,000
AGE 69
CEO Bio

Mr. Om Prakash Lohia, B. Com. serves as a Promoter and Managing Director at Indo Rama Synthetics India Ltd. Mr. Lohia served as Chief Financial Officer of Star Ferro and Cement Limited from May 28, 2014 to August 28, 2014. He serves as an Executive Chairman and Managing Director at Indo Rama Textiles imited. He served as the Chief Executive Officer at Indo Rama Synthetics India Ltd. He has been the Chairman at Indo Rama Synthetics India Ltd. since July 21, 2004. He serves as a Director of Maharashtra Airport Development Company Ltd. He has been an Independent Director at Gujarat Fluorochemicals Limited since October 31, 2006. Mr. Lohia has been awarded Udyog Ratna award by Madhya Pradesh Government in 2005. He is Commerce Graduate from the Kolkata University.

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

Average tenure and age of the Indo Rama Synthetics (India) management team in years:

4.6
Average Tenure
54
Average Age
  • The tenure for the Indo Rama Synthetics (India) management team is about average.
Management Team

Om Lohia

TITLE
Chairman & MD
COMPENSATION
₹25M
AGE
69

Jayantk Sood

TITLE
Chief Human Resources Officer
COMPENSATION
₹5M
AGE
46
TENURE
8.4 yrs

Vishal Lohia

TITLE
Whole-Time Director
COMPENSATION
₹25M
AGE
40

Susheel Mehrotra

TITLE
Chief Financial Officer
AGE
54
TENURE
0.3 yrs

Anupam Singhania

TITLE
Senior Vice President of Operations
COMPENSATION
₹7M
AGE
48

Chandra Kataria

TITLE
Marketing Head
COMPENSATION
₹966K
AGE
51
TENURE
3 yrs

M. Birajdar

TITLE
Plant Head
TENURE
6.3 yrs

Sanjeev Parsarampuria

TITLE
Senior Vice President of Raw Materials
COMPENSATION
₹6M
AGE
57

M. Chaudary

TITLE
Assistant Vice President
COMPENSATION
₹361K
AGE
61

P. Laxmi

TITLE
Vice President of Finance
COMPENSATION
₹3M
AGE
61
Board of Directors Tenure

Average tenure and age of the Indo Rama Synthetics (India) board of directors in years:

4.5
Average Tenure
65.5
Average Age
  • The tenure for the Indo Rama Synthetics (India) board of directors is about average.
Board of Directors

Om Lohia

TITLE
Chairman & MD
COMPENSATION
₹25M
AGE
69
TENURE
14.6 yrs

Vishal Lohia

TITLE
Whole-Time Director
COMPENSATION
₹25M
AGE
40
TENURE
16.7 yrs

Ashok Ladha

TITLE
Lead Independent Director
COMPENSATION
₹400K
AGE
69

Arvind Pandalai

TITLE
Non-Executive Independent Director
COMPENSATION
₹300K
AGE
69
TENURE
4.5 yrs

Suman Khaitan

TITLE
Non-Executive Independent Director
COMPENSATION
₹300K
AGE
59
TENURE
4.5 yrs

Ranjana Agarwal

TITLE
Non-Executive Independent Director
COMPENSATION
₹300K
AGE
62
TENURE
3.6 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 (₹)
06. Aug 18 Buy Om Lohia Individual 03. Aug 18 03. Aug 18 703 ₹27.56 ₹19,378
X
Management checks
We assess Indo Rama Synthetics (India)'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. Indo Rama Synthetics (India) 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

Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Earnings Dropped -3.04%, Did Its Industry Show Weakness Too?

When Indo Rama Synthetics (India) Limited (NSE:INDORAMA) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Indo Rama Synthetics (India) has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … INDORAMA is loss-making, with the most recent trailing twelve-month earnings of -₹826.90m (from 31 March 2018), which compared to last year has become

Simply Wall St -

What Investors Should Know About Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Financial Strength

At this current level of debt, INDORAMA's cash and short-term investments stands at ₹712.00M , ready to deploy into the business. … Moreover, INDORAMA has generated cash from operations of ₹392.10M over the same time period, resulting in an operating cash to total debt ratio of 12.76%, meaning that INDORAMA’s current level of operating cash is not high enough to cover debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: INDORAMA’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

Company Info

Map
Description

Indo Rama Synthetics (India) Limited primarily manufactures and supplies polyester in India, Indonesia, Thailand, the United States, Nepal, and Sri Lanka. It offers various polyester products, including polyester staple fiber, partially oriented yarn, fully drawn yarn, draw texturized yarn, and polyester chips. The company's products are used in various applications, such as apparel and sportswear, home furnishings and textiles, non-woven, and automotive. It is also involved in the textile and industrial chemical businesses. The company was incorporated in 1986 and is based in Gurgaon, India.

Details
Name: Indo Rama Synthetics (India) Limited
INDORAMA
Exchange: NSEI
Founded: 1986
₹8,877,847,134
261,113,151
Website: http://www.indoramaindia.com
Address: Indo Rama Synthetics (India) Limited
DLF Square,
20th Floor,
Gurgaon,
Haryana, 122002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500207 Equity Shares Mumbai Stock Exchange IN INR 22. Mar 2000
NSEI INDORAMA Equity Shares National Stock Exchange of India IN INR 22. Mar 2000
Number of employees
Current staff
Staff numbers
1,400
Indo Rama Synthetics (India) employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 12:49
End of day share price update: 2019/02/15 00:00
Last earnings filing: 2019/02/14
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.