Rishi Techtex Ltd
RISH

Rishi Techtex Ltd (RISHIPACK)

₹26.5--

Key Stats

₹25.55
Day's Price Range
₹26.5
₹21.25
52-Week Price Range
₹41.45
1 Month Return4.74 %
3 Month Return-11.97 %
1 Year Return-15.88 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 458
EPS
Rank 463
BVPS
Rank 529
Dividend Yield
Rank 186
ROE
Rank 480
1.55%
Price To Book Ratio
Rank 353
Debt To Asset
Rank 529

Company Information

Incorporated in 1984 Rishi Packers was promoted by B G N Patel. The companys products include HDPE/PP woven sacks and fabric multiwall bags and plastic granules. The companys plant at Daman has an installed capacity of 2000 tpa for sacks and fabric and 300 lac pa for multiwall bags. Multiwall bags are kraft paper lined HDPE/PP bags which increase barrier properties of the material.To partfinance 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 199596 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 199798 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 199899 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 200001 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 200001 as against Rs.2720.30 lakhs in the previous year.Due to severe erosion of margins in the industry the PBT has dropped during the year inspite of increase in turnover.
OrganisationRishi Techtex Ltd
HeadquartersMumbai
IndustryPackaging