Loading...

Ruby Mills

NSEI:RUBYMILLS
Snowflake Description

Second-rate dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RUBYMILLS
NSEI
₹4B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

The Ruby Mills Limited manufactures and markets textile products in India. The last earnings update was 68 days ago. More info.


Add to Portfolio Compare Print
RUBYMILLS Share Price and Events
7 Day Returns
-1.6%
NSEI:RUBYMILLS
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-32.5%
NSEI:RUBYMILLS
-3.2%
IN Luxury
-0.7%
IN Market
RUBYMILLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ruby Mills (RUBYMILLS) -1.6% -4.1% -14.8% -32.5% -33.2% 174.7%
IN Luxury 0.9% 1.7% 8.7% -3.2% 48.8% 161.5%
IN Market 0.8% 2.8% 5.9% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • RUBYMILLS underperformed the Luxury industry which returned -3.2% over the past year.
  • RUBYMILLS underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
RUBYMILLS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Ruby Mills 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 Ruby Mills 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 Ruby Mills.

NSEI:RUBYMILLS 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 16.9%
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:RUBYMILLS
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%) (85.55%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.09 * 8.6%)
16.93%

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

The calculations below outline how an intrinsic value for Ruby Mills 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.

NSEI:RUBYMILLS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.93%)
2019 458.74 Est @ 12.77% 392.33
2020 510.13 Est @ 11.2% 373.13
2021 561.69 Est @ 10.11% 351.37
2022 614.15 Est @ 9.34% 328.58
2023 668.21 Est @ 8.8% 305.75
2024 724.52 Est @ 8.43% 283.53
2025 783.67 Est @ 8.16% 262.28
2026 846.21 Est @ 7.98% 242.22
2027 912.64 Est @ 7.85% 223.42
2028 983.47 Est @ 7.76% 205.91
Present value of next 10 years cash flows ₹2,968.53
NSEI:RUBYMILLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹983.47 × (1 + 7.55%) ÷ (16.93% – 7.55%)
₹11,281.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹11,281.90 ÷ (1 + 16.93%)10
₹2,362.08
NSEI:RUBYMILLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2,968.53 + ₹2,362.08
₹5,330.61
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,330.61 / 16.72
₹318.82
NSEI:RUBYMILLS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:RUBYMILLS represents 1.00417x of BSE:503169
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00417x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 318.82 x 1.00417
₹320.15
Value per share (INR) From above. ₹320.15
Current discount Discount to share price of ₹265.10
= -1 x (₹265.10 - ₹320.15) / ₹320.15
17.2%

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

Current Discount
Amount off the current price Ruby Mills is available for.
Intrinsic value
17%
Share price is ₹265.1 vs Future cash flow value of ₹320.15
Current Discount Checks
For Ruby Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ruby Mills's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Ruby Mills's share price is below the future cash flow value, but not 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 Ruby Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ruby Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:RUBYMILLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹18.34
BSE:503169 Share Price ** BSE (2019-04-22) in INR ₹264
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 Ruby Mills.

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

= BSE:503169 Share Price ÷ EPS (both in INR)

= 264 ÷ 18.34

14.39x

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

  • Ruby Mills is overvalued based on earnings compared to the IN Luxury industry average.
  • Ruby Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Ruby Mills's expected growth come at a high price?
Raw Data
NSEI:RUBYMILLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7.8%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 585 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 Ruby Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ruby Mills's assets?
Raw Data
NSEI:RUBYMILLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹268.03
BSE:503169 Share Price * BSE (2019-04-22) in INR ₹264
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
NSEI:RUBYMILLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:503169 Share Price ÷ Book Value per Share (both in INR)

= 264 ÷ 268.03

0.98x

* Primary Listing of Ruby Mills.

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

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

  • No analysts cover Ruby Mills, 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
7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ruby Mills expected to grow at an attractive rate?
  • Ruby Mills's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Ruby Mills's earnings growth is positive but not above the India market average.
  • Unable to compare Ruby Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:RUBYMILLS Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:RUBYMILLS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.8%
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
NSEI:RUBYMILLS 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.
NSEI:RUBYMILLS Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:RUBYMILLS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,975 307
2018-09-30 1,992 336
2018-06-30 1,929 345
2018-03-31 1,972 486 352
2017-12-31 1,905 364
2017-09-30 1,880 377
2017-06-30 1,969 374
2017-03-31 2,017 354 374
2016-12-31 2,109 392
2016-09-30 2,186 377
2016-06-30 2,169 438
2016-03-31 2,126 382 408

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ruby Mills's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Ruby Mills 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:RUBYMILLS 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 Ruby Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RUBYMILLS Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:RUBYMILLS Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 18.34
2018-09-30 20.12
2018-06-30 20.64
2018-03-31 21.03
2017-12-31 21.74
2017-09-30 22.54
2017-06-30 22.37
2017-03-31 22.37
2016-12-31 23.43
2016-09-30 19.85
2016-06-30 26.20
2016-03-31 24.39

*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 Ruby Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ruby Mills'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.
Ruby Mills 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 Ruby Mills 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 Ruby Mills'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.
  • Ruby Mills's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Ruby Mills's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ruby Mills's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Ruby Mills'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 Ruby Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RUBYMILLS 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 1,975.43 306.53 233.74
2018-09-30 1,991.51 336.40 234.06
2018-06-30 1,929.00 345.21 219.50
2018-03-31 1,972.37 351.62 223.05
2017-12-31 1,905.13 363.51 213.97
2017-09-30 1,879.88 376.94 210.59
2017-06-30 1,969.15 373.86 198.86
2017-03-31 2,017.49 374.06 202.39
2016-12-31 2,108.89 391.76 187.13
2016-09-30 2,185.59 376.56 184.53
2016-06-30 2,168.90 438.00 179.40
2016-03-31 2,125.59 407.76 179.23
2015-12-31 2,008.48 314.54 348.29
2015-09-30 1,936.88 335.64 342.89
2015-06-30 1,989.00 332.60 176.80
2015-03-31 1,977.28 539.44 174.02
2014-12-31 2,095.06 804.70 305.15
2014-09-30 2,045.16 722.80 300.25
2014-06-30 1,991.60 657.00 156.00
2014-03-31 1,876.26 449.00 296.55
2013-12-31 1,787.47 314.43 270.78
2013-09-30 1,697.27 304.33 272.28
2013-06-30 1,612.60 344.60 139.20
2013-03-31 1,590.17 304.83 268.78
2012-12-31 1,479.09 243.76 267.44
2012-09-30 1,560.69 428.16 285.14
2012-06-30 1,603.80 588.40 221.80

*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.
  • Ruby Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ruby Mills used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Ruby Mills's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ruby Mills'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.
Ruby Mills 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 Ruby Mills'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 Ruby Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ruby Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ruby Mills's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ruby Mills'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x 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 Ruby Mills Company Filings, last reported 3 months ago.

NSEI:RUBYMILLS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,480.97 3,797.06 301.69
2018-09-30 4,480.97 3,797.06 301.69
2018-06-30 4,384.03 3,373.42 1,439.93
2018-03-31 4,384.03 3,814.64 80.58
2017-12-31 4,170.71 3,439.43 1,376.77
2017-09-30 4,170.71 3,439.43 1,376.77
2017-06-30 4,056.09 3,520.79 241.18
2017-03-31 4,064.15 4,061.65 5.72
2016-12-31 3,827.00 3,347.10 259.90
2016-09-30 3,827.00 3,347.10 259.90
2016-06-30 3,680.40 3,598.30 254.40
2016-03-31 3,680.41 4,245.86 254.35
2015-12-31 3,475.40 3,818.60 43.50
2015-09-30 3,475.40 3,818.60 43.50
2015-06-30 3,297.80 3,591.30 47.60
2015-03-31 3,297.80 5,182.56 47.62
2014-12-31 3,165.00 3,384.10 289.20
2014-09-30 3,165.00 3,384.10 289.20
2014-06-30 2,796.00 3,600.00 31.80
2014-03-31 2,796.00 5,823.79 31.79
2013-12-31 2,474.20 4,360.70 33.20
2013-09-30 2,474.20 4,360.70 33.20
2013-06-30 2,366.50 5,229.00 110.50
2013-03-31 2,366.56 6,106.33 110.53
2012-12-31 2,189.60 5,422.50 406.50
2012-09-30 2,189.60 5,422.50 406.50
2012-06-30
  • Ruby Mills's level of debt (84.7%) 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 (176.6% vs 84.7% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 33.9x coverage).
X
Financial health checks
We assess Ruby Mills'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. Ruby Mills 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 Ruby Mills'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
0.66%
Current annual income from Ruby Mills dividends.
If you bought ₹2,000 of Ruby Mills shares you are expected to receive ₹13 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?
  • Ruby Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Ruby Mills'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
NSEI:RUBYMILLS 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 1.4%
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.

NSEI:RUBYMILLS Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:RUBYMILLS Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-09-05 1.750 0.640
2018-06-22 1.750 0.531
2017-09-29 1.750 0.508
2017-05-29 1.750 0.505
2016-03-16 1.250 0.337
2015-09-08 1.250 0.478
2015-05-18 1.250 0.811
2014-09-26 1.000 0.697
2013-05-29 1.000 1.061
2012-10-16 1.250 0.918
2011-09-29 1.250 0.700
2010-08-13 1.000 0.438
2010-08-12 1.000 0.340
2010-05-17 1.000 0.388
2009-08-03 0.750 0.373
2009-06-01 0.750 0.440
2009-04-28 0.750 0.706
2009-04-23 0.750 0.948

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%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ruby Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.5x 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 Ruby Mills'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 Ruby Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ruby Mills has a total score of 3/6, 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 Ruby Mills'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
Purav Shah
COMPENSATION ₹2,005,522
AGE 38
TENURE AS CEO 2.4 years
CEO Bio

Mr. Purav Hiren Shah has been Chief Executive Officer of The Ruby Mills Limited since November 10, 2016 and its an Executive Director since September 28, 2018. Mr. Shah served as President of The Ruby Mills Limited until November 10, 2016. He served as an Additional Whole Time Director of The Ruby Mills Limited since December 2017 until September 28, 2018. He has continuously contributed to streamline and update information Technology Department of the Company. He has excelled his inputs in Finance, Information Technology, and Real Estate. He has completed his MBA from Bentley College, USA.

CEO Compensation
  • Insufficient data for Purav to compare compensation growth.
  • Purav's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Ruby Mills management team in years:

1.7
Average Tenure
58
Average Age
  • The average tenure for the Ruby Mills management team is less than 2 years, this suggests a new team.
Management Team

Hiren Shah

TITLE
Executive Chairman
COMPENSATION
₹11M
AGE
64
TENURE
0.8 yrs

Purav Shah

TITLE
CEO & Executive Director
COMPENSATION
₹2M
AGE
38
TENURE
2.4 yrs

Viraj Shah

TITLE
MD & Executive Director
COMPENSATION
₹11M
AGE
57

Bharat Shah

TITLE
MD & Executive Director
COMPENSATION
₹11M
AGE
59

Jayaraman Seshadrinathan

TITLE
Chief Financial Officer
TENURE
7.2 yrs

Rishabh Shah

TITLE
Vice President

Naina Kanagat

TITLE
Company Secretary & Compliance Officer
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Ruby Mills board of directors in years:

3.9
Average Tenure
63
Average Age
  • The tenure for the Ruby Mills board of directors is about average.
Board of Directors

Purav Shah

TITLE
CEO & Executive Director
COMPENSATION
₹2M
AGE
38
TENURE
1.3 yrs

Viraj Shah

TITLE
MD & Executive Director
COMPENSATION
₹11M
AGE
57
TENURE
24.4 yrs

Bharat Shah

TITLE
MD & Executive Director
COMPENSATION
₹11M
AGE
59
TENURE
24.4 yrs

Deepak Shah

TITLE
Non-Executive Independent Director
COMPENSATION
₹289K
AGE
54
TENURE
4.4 yrs

Hiren Shah

TITLE
Executive Chairman
COMPENSATION
₹11M
AGE
64
TENURE
2.4 yrs

Yogen Lathia

TITLE
Independent Director
COMPENSATION
₹226K
TENURE
3.3 yrs

Shardul Thacker

TITLE
Non-Executive Independent Director
COMPENSATION
₹305K
AGE
71
TENURE
34.3 yrs

Aruna Shah

TITLE
Non-Executive Non-Independent Director
COMPENSATION
₹132K
AGE
82
TENURE
31.6 yrs

Mehernosh Currawalla

TITLE
Non-Executive Independent Director
COMPENSATION
₹48K
AGE
63
TENURE
1.4 yrs

Pradip Kapasi

TITLE
Non-Executive Independent Director
COMPENSATION
₹48K
AGE
63
TENURE
1.3 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 Ruby Mills'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. Ruby Mills 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

A Look At The Intrinsic Value Of The Ruby Mills Limited (NSE:RUBYMILLS)

by estimating the company's future cash flows and discounting them to their present value. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Taking A Look At The Ruby Mills Limited's (NSE:RUBYMILLS) ROE

We'll use ROE to examine The Ruby Mills Limited (NSE:RUBYMILLS), by way of a worked example. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.068 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Can You Imagine How Chuffed Ruby Mills's (NSE:RUBYMILLS) Shareholders Feel About Its 245% Share Price Gain?

It's also good to see the share price up 18% over the last quarter. … During five years of share price growth, Ruby Mills actually saw its EPS drop 0.5% per year. … So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.

Simply Wall St -

Don't Sell The Ruby Mills Limited (NSE:RUBYMILLS) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at The Ruby Mills Limited's (NSE:RUBYMILLS) P/E ratio and reflect on what it tells us about the company's share price. … Ruby Mills has a price to earnings ratio of 13.26, based on the last twelve months.

Simply Wall St -

What Kind Of Investor Owns Most Of The Ruby Mills Limited (NSE:RUBYMILLS)?

Every investor in The Ruby Mills Limited (NSE:RUBYMILLS) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Ruby Mills is not a large company by global standards.

Simply Wall St -

What Should Investors Know About The Ruby Mills Limited's (NSE:RUBYMILLS) Capital Returns?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Read This Before You Buy The Ruby Mills Limited (NSE:RUBYMILLS) Because Of Its P/E Ratio

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Ruby Mills has a price to earnings ratio of 12.65, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What You Must Know About The Ruby Mills Limited's (NSE:RUBYMILLS) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Can The Ruby Mills Limited's (NSE:RUBYMILLS) ROE Continue To Surpass The Industry Average?

and want to learn about Return on Equity using a real-life example. … But what is more interesting is whether RUBYMILLS can sustain this level of return. … With more debt, RUBYMILLS can invest even more and earn more money, thus pushing up its returns.

Simply Wall St -

Is It Time To Sell The Ruby Mills Limited (NSE:RUBYMILLS) Based Off Its PE Ratio?

and want to begin learning the link between The Ruby Mills Limited (NSE:RUBYMILLS)’s fundamentals and stock market performance. … The Ruby Mills Limited (NSE:RUBYMILLS) trades with a trailing P/E of 17.4x, which is higher than the industry average of 17x. … While RUBYMILLS might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Company Info

Description

The Ruby Mills Limited manufactures and markets textile products in India. The company operates through two segments, Textiles and Real Estate. It offers cotton, synthetics yarn, and fabrics; and engages in real estate development activities. The company also exports its products internationally, including China. The Ruby Mills Limited was founded in 1917 and is based in Mumbai, India.

Details
Name: The Ruby Mills Limited
RUBYMILLS
Exchange: NSEI
Founded: 1917
₹4,438,324,000
16,720,000
Website: http://www.rubymills.com
Address: The Ruby Mills Limited
Ruby House,
J. K. Sawant Marg,
Mumbai,
400028,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 503169 Equity Shares Mumbai Stock Exchange IN INR 12. Mar 1998
NSEI RUBYMILLS Equity Shares National Stock Exchange of India IN INR 12. Mar 1998
Number of employees
Current staff
Staff numbers
152
Ruby Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 12:52
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2017/05/17
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.