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Indo Rama Synthetics (India) Ltd

Company details

52.75
54.65
52.15
86.25
6M Return -12.63%
1Y Return -32.41%
Mkt Cap.(Cr) 1,426.98
Volume 5,882
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 5,882

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Indo Rama Synthetics (India) Ltd.

Q2FY23 Quarterly Result Announced for Indo Rama Synthetics (India) Ltd.

Apparels & accessories manufacturer Indo Rama Synthetics (India) announced Q2FY23 results:

  • The total Income recorded Rs.1,155.97crore in Q2FY23 an increase of 16% over Rs.994.27 in Q2FY22.
  • The total Income recorded Rs.2,335.10 crore in H1FY23 an increase of 38% over Rs.1,689.58 crore in H1FY22.
  • The EBITDA stood at Rs.21.94 Crore in Q2FY23 as against Rs.47.88 Crore in Q2FY22.
  • The EBITDA stood at Rs.83.98 Crore in H1FY23 as against Rs.83.25 Crore in H1FY22.
  • PAT stood at Rs.1.14 Crore in Q2FY23 as against Rs.52.31 Crore in Q2FY22
  • PAT stood at Rs.39.75 Crore in H1FY23 as against Rs.66.53 Crore in H1FY22.

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 600.21 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,798.25 -25,291.97
LAST 3M 27,044.95 -25,544.90
LAST 6M 49,131.67 47,902.81
LAST 12M 178,925.96 -114,950.83

INFORMATION

Stock PE (TTM)

5.82

Promoter Holding

74.84%

Book Value

24.509

ROCE

23.6%

ROE

34.33%

Description

  • Incorporated in Apr.`86, Indo Rama Synthetics (India) (IRSIL) commenced business in Nov.`86. Promoted by M L Lohia and A P Lohia to manufacture synthetic yarn, PSF and POY. In Sep.`93, IRSIL issued FCDs to part-finance its Rs 5.55-cr expansion-cum-backward integration project to manufacture partially oriented yarn (POY) and polyester staple fibre (PSF) at Butibori, near Nagpur which commenced commercial production in Mar.`95. Through de-bottlenecking, polyester production touched 810 tonnes per day. This is slated to reach 860 TPD by 2002-03. IRSIL has technical collaborations with Chemtex International, US, and M/s Dupont, US, and barmag, Germany, for the POY and polyester chip projects; and Toyobo, Japan, for the PSF project. IRSIL exports its products to the US, Germany, France, Belgium, etc. The company`s 100% EOU at Pithampur has been awarded the ISO 9002 certification. The new plant for manufacture of PSF at Nagpur is being implemented and production is expected to commence on 2004-05. After commissioning the capacity of Polyster Staple Fibre would be 450,000 tpa from the present 300,000 tpa. This expansion is being executed in partnership with Zimmer AG, Germany. The company successfully commissioned the mini expansion for PFY/FDY capacity by 70 tonnes per day(25000 p.a and DTY capacity by 27 tonnes per day (9800 tonnes p.a). The total cost of the project was Rs.48 crores. This project was funded by DEF Euro loan of Rs.26 crore,SBI Yen loan of Rs.17 crore and the rest through internal accruals. As a restructuring measure the company has de-merged its spun yarn business into a separate company,Indo Rama Textiles Limited while retaining its polyster business with itself. This de-merger was done after securing necessary approvals from the Shareholders of the company. Pursuant to this de-merger shareholders were allotted 20 shares in IRTL for every 100 shares held in the company while continuing to hold 80 shares in the company. As a step towards leveraging information for value creation, the Company has re-built its information backbone around an ERP application by implementing SAP R/3 package that links all business activities of the organisation. The Company also plans to focus on strategic IT initiatives like E-enabling, supply chain management and CRM. It is exploring new markets in Latin America,Argentina,Columbia and Venezuela. During 2005-2006, the company has taken up expansion of Polyester production capacity from 800 tonnes per day to 1600 tonnes per day for both Polyester Staple Fibre and Partially Oriented Yarn. The expansion is expected to completed in a phased manner from June, 2006 onwards. After this expansion the Polyester capacity of the Company will increase to around 6,00,000 tpa. at a single location in Butibori, Nagpur. The companies production capacity of Draw Texturised Yarn, Draw Twisted Yarn, Polyester Staple Fibre, Polyester Chips and Polyester Filament Yarn stood at 32025 tpa, 132300 tpa, 52500 tpa and 126000 tpa respectively.

Registered Address

31-A MIDC Industrial Area, Butibori, Nagpur, Maharashtra, 441122

Tel : 91-7104-663000-01
Email : investor-relations:indorama-ind.com
Website : http://www.indoramaindia.com

Registrar

MCS Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500207
NSE Code : INDORAMA
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE156A01020

ICICIdirect Indo Rama Synthetics (India) Ltd FAQ

You can buy Indo Rama Synthetics (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indo Rama Synthetics (India) Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 31, 2023 04:01 PM the closing price of Indo Rama Synthetics (India) Ltd was ₹ 54.65.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 31, 2023 04:01 PM, the market cap of Indo Rama Synthetics (India) Ltd stood at ₹ 1,426.98.
The latest PE ratio of Indo Rama Synthetics (India) Ltd as of Jan 31, 2023 04:01 PM is 5.82
The latest PB ratio of Indo Rama Synthetics (India) Ltd as of Jan 31, 2023 04:01 PM is 0.45
The 52-week high of Indo Rama Synthetics (India) Ltd is ₹ 86.25 while the 52-week low is ₹ 52.15

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