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Rishi Techtex
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Incorporated in 1984, Rishi Techtex Limited (Formerly known Rishi Packers Limited) was promoted by B G N Patel. The Company is one of India's leading science-driven technical textile companies. It is is engaged in manufacturing and exports of HDPE/PP Woven Sacks and Shade Nets. It has two manufacturing plants, one at Union Territory of Daman and the other at Union Territory of Dadra.
To part-finance its expansion programme, the company made a rights issue (1:2) in Jun.'94 at a premium of Rs 20. Its product is consumed by manufacturers of cement and cement paints, rubber compounds, milk powder, solid and granulated chemicals, thermosetting resins, petrochemicals, synthetic rubber, etc. In 1995-96, the company proposed to increase the present capacity of multiwall bags by 16 mln pa which is to commence operations from Jun.'97 and is also proposing to set up a project for production of Raschel bags, for which L/C for the import of machinery has been opened. This is an EOU unit. Cost of the above projects is expected to be Rs 11 crores which will be financed by borrowings, internal accruals and by issue of shares.
During 1997-98, the company has successfully implemented the new project for the manufacture of Raschel bags and modernised its Woven sacks operations. It by replacing two Tape Lines and 30 Looms.
During 1998-99, the Company commenced a new woven sacks project at Dadra in the Union Territory of Dadra and Nagar Haveli with a capacity of 750 MT per annum. The Company also issued 600000 Equity shares of Rs. 10 each at a premium of Rs. 5/- per share to promotor group on private placement basis to raise funds to meet the working capital requirements.
During the year 2000-01, the company has registered 9.5% growth in respect of turnover over the previous year. The total turnover is stood at Rs.2978.79 lakhs during 2000-01, as against Rs.2720.30 lakhs in the previous year.
In 2004-05, the Company increased its capacity of PE Knitted fabrics with the installation of additional knitting machines at its Daman works. The extrusion capacity of the Company was also increased by modernising two extruders. In 2005-06, it undertook a substantial expansion of its Knitting Division capacity at Daman, which doubled to 1500 MTPA costing Rs 585 lacs. Further, it undertook modernisation plan of its Woven Sacks division at a cost of Rs.120 Lacs. In FY17, it launched fire-retardant shade nets; launched Wavesail nets in 2018; Treeguard' brand of nets launched in 2019. It acquired 4 new plants during the year 2021, comprising of PE liner machine, warping machine, high-speed warp raschel knitting machine and rooftop-mounted grid solar plant. It further acquired a new facility (machine) for roll movement during the year 2021. A new solar plant was installed to reduce consumption of electricity within the manufacturing facility.
Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex is valued compared to its competitors.
Rishi Techtex PE ratio helps investors understand what is the market value of each stock compared to Rishi Techtex '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 Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex helps investors get an insight into when they can enter or exit the stock. Key components of Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex ’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 Rishi Techtex 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 Rishi Techtex 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 Rishi Techtex .
The balance sheet presents a snapshot of Rishi Techtex ’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.