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RSWM Ltd share Price Today

Company details

184.85
188.10
159.05
242.70
6M Return -4.52%
1Y Return -11.88%
Mkt Cap.(Cr) 883.68
Volume 74,696
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 74,696

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Textiles company RSWM announced Q3FY24 & 9MFY24 results:

Q3FY24 Financial Performance:

  • Sales: RSWM reported total sales of Rs 977 crore in Q3FY24, marking a significant increase of 14.3% from Q3FY23.
  • Gross Profit (GP): The gross profit for Q3FY24 stood at Rs 346 crore, up by 10.8% year-over-year.
  • GP Margin: The Gross Profit Margin saw a slight decrease, down to 35.4% in Q3FY24 from 36.5% in Q3FY23, a change of 111 basis points.
  • EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) was reported at Rs 22 crore in Q3FY24 with an EBITDA margin of 2.3%.
  • PAT: The Profit After Tax (PAT) experienced a downturn, with a reported number of (Rs 32 crore) for Q3FY24.

9MFY24 Financial Performance:

  • Sales: Net sales reached Rs 2,886 crore
  • Gross Profit: The GP was Rs 1,045 crore with a Gross Profit Margin of 36.2%.
  • EBITDA: For 9MFY24, EBITDA stood at Rs 77 crore with an EBITDA margin of 2.7%.
  • PAT: PAT for 9MFY24 was reported as (Rs 65 crore).

Commenting on the results, Riju Jhunjhunwala, Chairman & Managing Director and CEO of RSWM said, “Our recent performance demonstrates promising signs of improvement, with notable YoY revenue growth in Q3 & 9M FY24. Nevertheless, challenges persist, particularly in demand both domestically and in export markets due to pricing pressures and economic slowdowns. Key markets like the US and UK have experienced significant declines. Looking ahead to FY25, optimism arises from the trend of diversification from China and new orders in Western markets.

About acquisition of Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited: During the quarter, RSWM Limited is pleased to announce a significant move in the textile industry with its proposed acquisition of Spinning, Knitting and Processing units of Ginni Filaments Limited. Going beyond Rajasthan, this expansion foresees a substantial increase in turnover. Targeting new customers globally, RSWM Limited aims to strengthen its position in spinning and knitted fabric sector. With a strategic investment in upgrading acquired assets, RSWM Limited focuses on operational efficiency and eco-friendly practices. This move enhances financial stability and anticipates improved earnings. RSWM Limited expresses gratitude to shareholders for their trust and looks forward to shared success in advancing further in the textile industry.

The move underscores our commitment to sustainable growth, positioning us as an industry heavyweight. Thanks to shareholders for their trust. We aim to explore new opportunities and optimize capacity utilization levels to achieve operating leverage. Our focus will be on enhancing yarn quality, growing the knits and denim fabric business, and increasing exports.”

Result PDF

View Other Company Results

RSWM Ltd shares SWOT Analysis

Strengths (3)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Zero Promoter Pledge
  • FII / FPI or Institutions increasing their shareholding

Weakness (9)

  • Red Flag: High Interest Payments Compared to Earnings
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (3)

  • Turnaround companies- loss to profit QoQ
  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (2)

  • Companies Increasing Debt as per Annual Report
  • Increasing Trend in Non-Core Income

Resistance and support

R1 188.9
R2 190.1
R3 192.1
Pivot

186.85

S1 185.6
S2 183.6
S3 182.4
EMA SMA
182.6
185.2
189.6
196.2
181.8
185.9
193.2
195.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-22 192.99 251941 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-11-22 193.03 251941 NSE
VED PRAKASH AGARWAL Bulk Sell 2021-10-19 341.22 128538 NSE
Name Category Shares
RAVI JHUNJHUNWALA PROMOTER 1.29%
RIJU JHUNJHUNWALA PROMOTER 0.8%
RITA JHUNJHUNWALA PROMOTER 0.71%
MICROBASE LIMITED PROMOTER 15.5%
LNJ FINANCIAL SERVICES LTD PROMOTER 10.88%
PURVI VANIJYA NIYOJAN LTD. PROMOTER 6.7%
MICROLIGHT INVESTMENTS LTD. PROMOTER 4.61%
DREAMON COMMERCIAL PRIVATE LIMITED PROMOTER 4.1%
BHARAT INVESTMENTS GROWTH LTD PROMOTER 3.85%
INVESTORS INDIA LTD. PROMOTER 2.42%
RAGHAV COMMERCIAL LTD. PROMOTER 1.59%
N. R. FINVEST PRIVATE LIMITED PROMOTER 1.1%
CORNHILL INVESTMENTS LIMITED PROMOTER 0.84%
AKUNTH TEXTILE PROCESSORS PRIVATE LIMITED PROMOTER 0.59%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

RSWM Ltd Stocks COMPARISON

Financials( in Cr) RSWM Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 187.61 2,471.20 39.39 2,487.50 144.14
% Change 1.94 0.53 -1.60 -1.34 2.36
Mcap Cr 883.68 168,177.52 20,072.97 16,560.28 14,007.64
Revenue TTM Cr 3,788.90 117,627.08 6,332.26 9,019.51 8,093.76
Net Profit TTM Cr 122.85 11,078.20 441.61 1,643.07 202.51
PE TTM 0.00 26.94 57.06 9.90 20.56
1 Year Return -11.88 42.76 17.58 50.06 51.01
ROCE 8.13 9.04 11.89 30.24 5.91
ROE 8.30 14.35 10.99 43.72 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,317.00 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

RSWM Ltd Information

Stock PE (TTM)
0
Promoter Holding
55.69%
Book Value
275.4427
ROCE
8.13%
ROE
8.3%
Description
  • Rajasthan Spinning and Weaving Mills Ltd (RSWML) was incorporated in 1960. It was promoted by the Bhilwara Group which has interests in various group companies. The Company is one of the largest textile manufacturing companies having multiple facilities to produce green fibre, yarn and fabric. The Company is producing the best quality of yarns like synthetic, blended, m�lange, cotton, speciality and value added yarns suitable for suitings, shirtings, hosiery, carpet, denim, technical textiles and industrial applications and denim fabric, synthetic fabric for renowned brands. RSWML came out with a Rs 157 cr Euro-issue in 1994 to finance its ambitious plans to increase spindleage by 18,800, add 24 looms at each of the units and to set up a process house at its Banswara unit with a capacity of processing 156 lac mtr of fabric pa. The product-mix of the company includes blends like polyester/viscose, 100% viscose, 100% polyester, polyester sewing threads, 100% acrylic, polynosic blends, silk blends, viscose/flax, polyester/cotton, 100% cotton melange yarn. In 1993-94, it signed a MoU with Hydro Quebec International, Canada, to implement 86 MW Malana and 192 MW Allain Duhangan projects in Himachal Pradesh. It markets its products under the well-known Mayur brand in India and exports its products to the European and the US markets. It has opened marketing offices in Italy, Belgium and the UK. During 1997-98, Bhilwara Melba De Witte Ltd, a joint venture project promoted by the company with Australian and Belgian partners, has established its leadership in the market for automotive furnishing fabric. In 1998-99, it increased the installed capacity of spindles and looms to 1,31,376 nos and 157 nos respectively and commissioned 4.2 MW each of power plant for captive consumption. Term loan upto Rs.24 crores has been sanctioned from PNB for Yarn Dyeing project at Mandpam,Looms at Gulabpura and the modernisation scheme has already commenced. The Board of the company has approved for acquiring Rishabhdev Textile Mills unit of HEG Ltd and it was acquired with effect from 01.04.2003. The 2.8 MW at Mandpam at cost of Rs.10.00 crores was installed in 2002-03 and operations has commenced during the year itself. During the year 2004, Rishabhdev unit of HEG Limited was acquired with effect from 1 st April, 2003 pursuant to the orders of Hon`ble High Courts of Rajasthan and Madhya Pradesh dated 5th September, 2003 and 30th July, 2003 respectively . In 2004-05, acquired around 80% stake in Jaipur Polyspin Limited at Sikar, Rajasthan, which manufactures dyed synthetic blended yarn and has a capacity of 27,840 spindles. 2004-05 marked the complete opening-up of the global textiles trade. On January 1 2005, global trade in textiles and clothing was completely integrated into the multilateral trading system with the removal of all quantitative restrictions on exports according to the Agreement on Textiles and Clothing (ATC). The Company acquired Mordi Textiles and Processors Limited (MTPL), a small textile processing plant in Banswara in 2005. Jaipur Polyspin Limited (JPL) and Mordi Textiles and Processors Limited (MTPL), got merged with the Company in 2006 and upon the merger of JPL and MTPL, the Company allotted 12,28,689 equity shares of Rs. 10/- each to the shareholders of these erstwhile companies on 13th March, 2006. The Company incurred a capital expenditure of Rs. 8,295.90 lac during the year 2005-06 under the Textile Up-gradation Fund (TUF) Scheme in existing and newly acquired units. It invested Rs 3,621.75 lac during the year on setting up a state-of-the-art readymade garments unit in Bangalore. The expansion of 26,496 spindles for Cotton yarn in Banswara and 10,896 spindles in Mandpam, was completed in 2006. Further, the Company initiated installing an open-end spinning facility in the Banswara unit, polywool fabric processing and modernisation in the Mordi Unit, expansion of cotton yarn dyeing facilities in Mandpam and balancing machinery and equipment for value addition in various units of the Company. The Government of Himachal Pradesh, the formalities for transfer of the Allain-Duhangan Hydro Electric Power Project to AD Hydro Power Limited were completed during the year 2006. The Company during 2007 implemented other expansion projects including 20,160 spindles at Kharigram for blended yarns, 1,680 open-end rotors at Banswara and 10,080 spindles at Rishabhdev for viscose yarn. It added further 35 weaving machines to its existing 69 looms during the year at its new weaving division at Mordi. The first phase of setting up of yarn spinning facility for Denim plant costing at an investment of Rs 172 Cr. was completed in 2006-07. 46 MW Captive Thermal Power Plant at Mordi started commercial production during quarter ended December, 2007. The Company acquired 1,11,24,354 equity shares of Rs. 10 each, constituting 48.17% of the equity capital of M/s. Cheslind Textiles Limited (CTL) at a price of Rs. 25 per share from the promoters; and 42,24,123 equity shares of Rs. 10 each constituting 18.29% voting rights through a public offer at the same price as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and CTL became subsidiary of the Company from 30th August, 2007. Similarly, the Company also acquired a company in Netherlands by the name of Duindistel Holding B.V, which was rechristened later as RSWM International B.V. and it became wholly owned subsidiary of the Company w.e.f. 24th April, 2007. Later RSWM International B.V. became 50 per cent Joint Venture Partner in SISA S.A., Spain (now rechristened as RSWM-SISA S.A.), which is into manufacture and marketing of high end fashion yam in the European markets. The Scheme of Arrangement/De-merger of the Strategic Investment Division of the Company consisting of 66,00,000 Equity Shares of Rs.10/- each in the share capital of BMD Private Limited into Bhilwara Technical Textiles Limited (BTTL) became effective in March, 2009. Accordingly, the 66,00,000 Equity Shares of BMD Private Limited held by the Company got vested with BTTL. And as per the approved De-merger Scheme, the Shareholders of the Company have been allotted 10 Equity Shares of Rs.1/- each of BTTL for every 4 Equity Shares of Rs.10/- each held in the Company on the record date i.e. 24th April, 2009. The Equity Shares of the resultant Company M/s Bhilwara Technical Textiles Limited was listed on Bombay Stock Exchange Limited during the year 2009-10. The installation of 1,440 rotors and denim fabric manufacturing capacity was completed in 2011-12. In 2014-15, the Company commissioned 25,344 spindles for m�lange yarn at Kanya Kheri, Bhilwara and 50 MT Green Polyester Fibre Project at Ringas. The capex proposal entailing modernisation of Fabric Unit at Banswara and Yarn division at Bagalur amounting to Rs 3.17 crore and Rs 10 crore were completed during the year thereby improving the overall productivity. The Denim Sheet Dyeing Project was commissioned in 2017, which accordingly increased the production capacity of Denim Fabric to 5 million meters from the earlier 17 million meters. The Roof Top Solar Power Project of 1.8 MW Capacity was installed and commissioned at Bhilwara, Rajasthan in 2016-17. The Company installed and operationalised 3.6 M.W Roof Top Solar Power facility at its Mandpam and Kanyakheri Units, which had been built at a total cost of Rs 16.05 crores in 2018. In 2018-19, the Company acquired 54.26% shareholding in M/s. LNJ Skills & Rozgar Private Limited at an investment of Rs 11.80 Crore and acquired 11,80,000 Equity shares in the Company and upon acquisition, M/s. LNJ Skills & Rozgar Private Limited became subsidiary of the Company effective November, 2018. M/s. LNJ Skills & Rozgar Private Limited subsequently ceased to be the subsidiary of the Company in April, 2019 with the allotment of equity shares by them to other entities to further their business. The Company sold its investment in M/s. Bhilwara Energy Limited comprising of 1,69,38,599 equity shares of Rs 10/- each constituting 10.21% to M/s. HEG Limited on 10th April, 2019 for a consideration of Rs 84.85 Crores. However, the Company held 1,25,24,960 Equity Shares constituting 7.56% of paid up capital in M/s. Bhilwara Energy Limited and M/s. Bhilwara Energy Limited was treated as an Associate of the Company. During the period 2022-23, the sale/transfer of Private Freight Terminal of the Company situated at Namli, Madhya Pradesh was completed and entire consideration was received as per MOU entered with the buyer. The setting up of 19,488 Spindles of combed spinning of Cotton Yarn at Mordi at a capital outlay of Rs?78.35 Crores, setting up of 30,000 Spindles of M�lange yarn at Kharigram at a capital outlay of Rs 157.12 Crores and the setting up of Knitted Fabric facility at Mordi at a capital outlay of Rs?89 Crores in the first phase were completed and made operational in Q2 of 2022-23. The Company purchased 100% shareholding in M/s. BG Wind Power Limited at a consideration of Rs 5 Crores from Bhilwara Energy Limited an Associate of the Company and BG Wind Power Limited became wholly owned subsidiary of the Company in 2023.

Registered Address

Kharigram, P O Gulabpura, Bhilwara, Rajasthan, 311021

Tel : 91-01483-223144-50/223478
Email : rswm.investor:lnjbhilwara.com
Website : http://www.rajspin.com
Registrar

MCS Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500350
NSE Code : RSWM
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE611A01016

FAQ’s on RSWM Ltd Shares

You can buy RSWM Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy RSWM Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:55 PM the closing price of RSWM Ltd was Rs.187.61.

The latest PE ratio of RSWM Ltd as of Jun 14, 2024 03:55 PM is 0.00

The latest PB ratio of RSWM Ltd as of Jun 14, 2024 03:55 PM is 1.47

The 52-week high of RSWM Ltd share price is Rs. 242.70 while the 52-week low is Rs. 159.05

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 Jun 14, 2024 03:55 PM, the market cap of RSWM Ltd stood at Rs. 883.68.

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