Share the post "Raj Rayon Industries Limited Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Raj Rayon Industries Limited has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 52.35 | 52.35 | 94.13 | 94.13 | 0 |
| Public | 3.05 | 3.24 | 5.49 | 5.82 | +0.33 % |
| DII | 0.21 | 0.03 | 0.37 | 0.05 | -0.32 % |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 94.13% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. Domestic Institutional Investor’s (DII) shareholding decreased slightly from 0.37% in December 2023 to 0.05% in March 2024 , indicating that domestic institutions reduced their -0.32 stake in the company.During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.393 | 0.510 | 0.71 | 0.92 | + 0.21 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 2.551 | 2.571 | 4.59 | 4.62 | + 0.03 % |
| Anuj Ganeriwal | 0 | 0.701 | 0 | 1.26 | +1.26% |
| Ankit Ganeriwal | 0 | 0.712 | 0 | 1.28 | +1.28% |
| Anju Ganeriwal | 0 | 0.731 | 0 | 1.31 | +1.31% |
| Bodies Corporate | 0.024 | 0.062 | 0.04 | 0.11 | + 0.07 % |
Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital up to Rs. 2 lakhs lifts the bar with a remarkable 0.21 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs lifts the bar with a remarkable 0.03 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Bodies Corporate lifts the bar with a remarkable 0.07 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Anuj Ganeriwal had no shares in the previous quarter but now holds 1.26% of shares in the current quarter.Ankit Ganeriwal had no shares in the previous quarter but now holds 1.28% of shares in the current quarter.Anju Ganeriwal had no shares in the previous quarter but now holds 1.31% of shares in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Banks | 0.183 | 0.001 | 0.33 | 0 | -0.33 % |
Banks decreased their stake from 0% in the previous quarter to 0.33% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.33 %.
28
3-Year Profit
16
5-Year Profit
7
10-Year Profit
21.0
Current Price
1,165
Market Cap
The company associated with BSE code 530699 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 16 percents, which subsequently rose to 28 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 103 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 243 percents over the last five years, it has recently dropped to -36 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 47 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
With a market capitalization of ₹1,165 crore, the company’s stock is currently trading at ₹21.0, having fluctuated within a range of ₹56.5 / 15.0 over the years. The stock's P/E ratio of 288 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹1.95, representing the total value of its assets on a per-share basis, while the dividend yield of 0.00% offers a modest return to shareholders. ROCE, at 8.23%, highlights the company's efficient use of capital in generating profits, while ROE at 3.81% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 1.63 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹6.83 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 7.00 suggests moderate financial strength, while the Graham Number, pegged at ₹1.78, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 10.7 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
