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Rudra Ecovation
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Himachal Fibres Ltd (HCL) was incorporated on 20th February 1980 in Delhi. The Company was promoted by B K Garodia, a technocrat, in financial collaboration with Himachal Pradesh Mineral and Industrial Development Corporation (HPMIDC). Presently, the Company manufactures cotton textile yarn such Synthetic yarn, Dyed yarn etc.
The Company belongs to the then Birlas (Yash) Group. In 1984, the Company came out as a Public Company - 10,10,045 No. of Equity shares taken up by promoters, etc. including (HPMIDC). 25-11% Pref. shares allotted to promoters, etc. 16,19,955 No. of equity shares issued at par of which 89,955 No. of Equity shares reserved and allotted to HPMIDC. The balance 15,30,000 shares were offered to the public in Dec. 1984.
In 1994, it was the first Spinning Mill in India to convert as 100% Export Oriented Unit from a Domestic Tariff Area unit. The Company was a pioneer in the development of speciality yarns and exports of value added items and is engaged in manufacturing of grey/dyed cotton/Synthetics yarns with different blends.
Production of cotton yarn was started from Jan.'84. In 1985-86, the company achieved full capacity utilisation on 17,664 spindles. In addition, 1536 spindles were installed during the same year.
During 1985-86, the company expanded by installing an additional 2976 spindles to the existing capacity. It also set up a dyeing plant and started producing dyed yarn. During 1990-91, a marginal expansion-cum-balancing scheme was introduced whereby autoconers and combers were imported. The company's exports witnessed a consistent growth. It converted itself into an EOU as it exported more than 75% of its production. It acquired the status of Export House from the Government of India in Jan.'95.
In view of the accumulated loss of the company having exceeded its net worth as at 31st December, 2000, the company was referred to the Board of Industrial and Financial Reconstruction (BIFR).
Rudra Ecovation share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Rudra Ecovation indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Rudra Ecovation is valued compared to its competitors.
Rudra Ecovation PE ratio helps investors understand what is the market value of each stock compared to Rudra Ecovation 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Rudra Ecovation evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Rudra Ecovation generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Rudra Ecovation in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Rudra Ecovation shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Rudra Ecovation compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Rudra Ecovation over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Rudra Ecovation helps investors get an insight into when they can enter or exit the stock. Key components of Rudra Ecovation Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Rudra Ecovation shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Rudra Ecovation ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Rudra Ecovation provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Rudra Ecovation highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Rudra Ecovation .
The balance sheet presents a snapshot of Rudra Ecovation ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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