Ramaraju Surgical Unlisted Shares

THE RAMARAJU SURGICAL COTTON MILLS

The Ramaraju Surgical Cotton Mills was incorporated in the year 20-02-1939. Recently there share price is 0. Recently current market capitalization stands at Rs 0 Cr.Latest news, company has reported Gross Sales of Rs. 2614.17 Cr and Total Income of Rs.2647 Cr. The company’s management includes A Emarajan, PJ Ramkumar Rajha, V Santhanaraman, PPS Janarthana Raja, S Kanthimathinathan, P J Alaga Raja, N K Shrikantan Raja, K Manoharan, N R K Ramkumar Raja, Nalina Ramalakshmi, P R Venketrama Raja. It is listed on the BSE with a BSE Code of , NSE with an NSE Symbol of and ISIN of INE328E01027. It’s Registered office is at The Ramaraju Surgical Cotton Mills Premises,119, P. A. C. Ramasamy Raja Salai,Post Box No.2Rajapalayam-626117, Tamil Nadu. Their Registrars are ACC Ltd. It’s auditors are MS Jagannathan & N Krishnaswami, NA Jayaraman & Co.

Revenue contribution in FY19-20 from various segments

Segment	Revenue(cr)	%
Textile	136	41%
Surgical	37	11%
Fabric	153	46%
Wind-mills	8	2%

Financials of Ramaraju Surgical Cotton Mills Limited Unlisted Shares:

A) Consolidated Financials (Fig. in Lakhs)

Year	Revenue	EBITDA	OPM	PAT	NPM	Shares	EPS	NW	RONW
2016	24,608	4,376	18%	1,789	7%	19.73	91	19,527	9%
2017	24,431	3,896	16%	1,662	7%	19.73	84	21,199	8%
2018	26,365	3,367	13%	886	3%	39.5	22	21,726	4%
2019	25,500	2,983	12%	-26	0%	39.5	-1	21,734	0%
2020	31,590	5,227	17%	1,918	6.1%	39.5	49	23,652	8%

Financials of FY20-21 (in Lakhs)

Date	Total Income	EBITDA	OPM	PAT	NPM	EPS
Quarter Ended
31-12-2019	7,603	2,396	31.51%	1,016	13.36%	25.73
30-09-2020	7,352	1,300	17.68%	244	3.32%	6.18
31-12-2020	7,483	1,281	17.12%	272	3.63%	6.9
9M Ended
31-12-2019	22,466	4,503	20.04%	967	4.30%	24.49
31-12-2020	18,448	2,879	15.61%	-63	-0.34%	-1.59

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The Ramaraju Surgical Cotton Mills Limited Unlisted Shares – Company Overview

THE RAMARAJU SURGICAL COTTON MILLS LIMITED is a part of the Ramco Group of Companies. Ramco group is involved in the business of cotton, yarn, cement, roofing, building products, and enterprise software solutions. The Ramaraju Surgical Cotton Mills Limited was established in 1993 and is based in Rajapalaiyam, Tamil Nadu. The company has been a major contributor in developing the region from an agrarian to an industrial society.

The company is mainly engaged in the manufacturing of surgical dressings, grey fabrics, and yarn. The Ramaraju Surgical Cotton Mills Limited is the largest producer of absorbent cotton, bandages, gauze, and other wound care products. Moreover, it also generates electricity from solar panels and windmills for its captive consumption.

The monthly production capacity of the company is over 125 tons of medical grade bleached cotton and 15 Lakh square meters of bandages and gauze products. The company produces around 400 tons of superfine count ring-spun yarn and about 400 tons of open-end yarn per month.The factories of the company are located in Rajapalaiyam, Perumalpati, Subramaniapuram, and Thirumalagiri Village.

The equity shares of the Company are listed with Metropolitan Stock Exchange of India Limited.

Ramaraju Surgical Cotton Mills Share Price, Unlisted Share Details as of March 31, 2023

Ramaraju Surgical Cotton Mills Outstanding Shares:	39,97,900
Face Value of Ramaraju Surgical Cotton MillsUnlisted Share:	10
ISIN of Ramaraju Surgical Cotton Mills Unlisted Share:	INE328E01027
Lot Size of Ramaraju Surgical Cotton Mills Unlisted Share:	100
Ramaraju Surgical Cotton Mills Share Price:	Best in Industry
PAN Number of Ramaraju Surgical Cotton Mills ltd. :	AAACT4308D

The Ramaraju Surgical Cotton Mills Limited Incorporation Details

CIN of Ramaraju Surgical Cotton Mills	L17111TN1939PLC002302
Registration Date of Ramaraju Surgical Cotton Mills	28 February 1939
Category/Sub-category of Ramaraju Surgical Cotton Mills	Public Limited Company
Ramaraju Surgical Cotton Mills Registered office address	P.A.C. Ramasamy Raja Salai, Rajapalaiyam – 626 117. Tamil Nadu.
Ramaraju Surgical Cotton Mills Registrar and Transfer Agent	Share Transmission and other activities carried out in-house.

The Ramaraju Surgical Cotton Mills Limited Principal Business Activities

Name and Description of main products/services	NIC Code of the product/service	% to the total turnover of the Company
Fabrics	13121	49.33
Yarn	13111	36.14
Surgical Dressings	21006	12.54

The Ramaraju Surgical Cotton Mills Limited Board of Directors

Shri P.R. VENKETRAMA RAJA (Chairman)

Smt. NALINA RAMALAKSHMI (Managing Director)

Shri N.R.K. RAMKUMAR RAJA (Managing Director)

Dr. M. KARUNAKARAN

Shri N.K. SHRIKANTAN RAJA

Shri P.J. ALAGA RAJA

Shri P.P.S. JANARTHANA

Shri V. SANTHANARAMAN

Shri P.J. RAMKUMAR RAJHA

Shri P.A.B. RAJU

Ramaraju Surgical Cotton Mills Company Limited’s Particulars of Holding, Subsidiaries, & Associate Companies

Name of the Company	Subsidiary / Associate	No. of shares held
Madras Chipboard Limited	Subsidiary	75.01
Taram Textiles LLC, USA	Subsidiary	100.00
Sri Vishnu Shankar Mill Limited	Associate	0.75
Shri Harini Media Limited	Associate	2.65
The Ramco Cements Limited	Associate	1.40
Ramco Industries Limited	Associate	0.16
Rajapalayam Mills Limited	Associate	1.83
Ramco Systems Limited	Associate	0.04

The Ramaraju Surgical Cotton Mills Limited Shareholding Pattern (As of 31-03-2023)

S. No.	Shareholders’ Name	Number of shares	% of total Shares of the company
1	Promoters	18,12,580	45.34%
2	Public Shareholding	21,85,320	54.66%
	Total	39,97,900

Ramaraju Surgical Cotton Mills Limited Balance Sheet (In Rs. Crores)

Particulars	As at 31 March 2023	As at 31 March 2022
ASSETS
Non-Current Assets
Property, Plant & Equipments	297.27	241.06
Capital Work-in-progress	9.17	24.98
Investment Property	0.05	0.06
Goodwill	19.52	19.52
Intangible Assets Financial Assets	0.61	0.02
Investments in Associates	187.56	182.46
Other Investments	0.08	0.12
Other Financial Assets	7.62	4.11
Deferred Tax Assets (Net)	4.87	0.79
Other Non-Current Assets	1.22	17.42
Sub Total (A)	527.98	490.52
Current Assets	129.73	103.34
Inventories	38.11	36.12
Financial Assets Trade Receivables	3.03	8.48
Cash and Cash Equivalents	0.07	0.93
Other Financial Assets	2.00	1.88
Current Tax Assets	0.67	2.40
Other Current Assets	25.90	29.29
Sub Total (B)	199.52	182.44
TOTAL ASSETS (A+B)	727.50	672.97
EQUITY AND LIABILITIES
Equity
Equity Share Capital	4.00	4.00
Other Equity	258.55	288.66
Non-Controlling Interest	5.36	5.21
Total Equity (A)	267.91	297.87
Liabilities
Non-Current Liabilities
Financial Liabilities	222.37	141.40
Borrowings
Provisions	0.89	0.80
Deferred Government Grants	0.16	0.17
Sub Total (B)	223.41	142.38
Current Liabilities
Financial Liabilities
Borrowings	200.37	184.32
Trade Payables	–	–
(i) Total Outstanding dues of micro enterprise and small enterprises	3.16	0.92
(ii) Total Outstanding dues of creditors other than micro enterprise and small enterprises	11.38	16.67
Other Financial Liabilities	9.63	8.63
Other Current Liabilities	7.72	16.78
Provisions	3.91	5.39
Sub Total (C)	236.18	232.72
TOTAL EQUITY AND LIABILITIES (A+B+C)	727.50	672.97

Ramaraju Surgical Cotton Mills Limited Profit & Loss Statement (In Rs. Crores)

PARTICULARS	2023	2022
INCOME
Revenue from operations	407.11	432.14
Other Income	2.68	1.87
Total Income	409.79	434.01
EXPENSES
Cost of Materials Consumed	245.03	255.16
Purchases of Stock- in- Trade	11.12	5.05
Changes in Inventories of Finished Goods and Work-in-Progress	-3.49	-9.71
Employee Benefit Expenses	49.25	40.43
Finance Cost	31.59	20.77
Depreciation and Amortisation Expenses	42.06	45.98
Other Expenses	73.11	68.64
Total Expenses	448.66	426.33
Profit / (Loss) before tax	-38.87	7.69
Tax Expenses / (Savings)
Current Tax	–	1.35
Current Tax relating to earlier years	-0.06	–
Deferred Tax	-4.08	-2.08
Total Tax Expenses / (Savings)	-4.14	-0.73
Profit / (Loss) for the year before share of Profit of Associates	-34.73	8.42
Share of Net profit after tax of Associates accounted using equity method	5.48	12.73
Profit for the Year	-29.25	21.15
Other Comprehensive Income
Item that will not be reclassified subsequently to Profit and Loss:
Remeasurement (Losses) on defined benefit obligation (net)	-0.35	-0.82
Less: Income tax Savings	-0.10	-0.14
Add: Deferred Tax (including MAT Credit)	0.10	0.14
Total	-0.35	-0.82
Fair value Gain on Equity Instruments through OCI (Net)	-0.04	-0.02
Share of OCI of Associates accounted for using the equity method	0.00	-0.03
OCI – Foreign Currency Translation	0.04	–
Other Comprehensive Income / (Loss) for the year, net of tax	-0.35	-0.87
Total Comprehensive Income / (Loss) for the year, net of tax	-29.60	20.29
Profit / (Loss) for the attributable to : Shareholders of the company	-29.37	21.44
Non controlling Interest	0.11	-0.29
Total Comprehensive Income for the year attributable to :
Shareholders of the company	-29.71	20.57
Non controlling Interest	0.11	-0.29
Earnings per Equity Share of 10/- each
Basic	-73.46	53.63
Diluted	-73.46	53.63

Ramaraju Surgical Cotton Mills Limited’s Cash Flow Statement (In Rs. Crores)

Particulars	31st March 2023	31 March 2022
A. Cash Flow from Operating Activities
Net Profit after Tax as per Statement of Profit and Loss	-38.87	7.69
Adjustments to reconcile profit before tax to cash generated by operating activities
Depreciation and Amortization expenses	42.06	45.98
Loss on Sale of Assets	31.59	20.77
Finance Costs	-2.23	-1.72
Government Grants	-0.37	2.53
Interest Income	-0.01	-0.01
Bad debts	–	0.11
Impairment Allowance for Trade Receivables	0.54	0.11
Operating Profit before Working Capital Changes	32.70	75.45
Net Change in:
Inventories	-0.89	16.08
Trade Receivables	2.26	-1.79
Loans and Advances	-26.39	-39.44
Trade Payables & Current liabilities	-12.52	-0.88
Cash Generated from Operations	-4.84	49.42
Income Tax	-0.67	-2.35
Net cash generated from operating activities	-5.51	47.07
B. Cash flows from investing activities
Purchase of purchase of property, plant and equipment	-68.45	-50.58
Investment in shares	-2.12	-3.70
Declassification of Investment Pursuant to the scheme of Amalgamation	–	1.49
Proceeds From sale of property , Plant & Equipments	1.96	1.90
Interest Received	0.23	0.05
Dividend Received	1.02	0.01
Net cash used in investing activities	-67.37	-50.83
C. Cash flows from financing activities
Long Term Borrowings
Proceeds from Long Term Borrowings	143.15	63.43
Repayment of Long Term Loan	-61.22	-40.44
Short Term Borrowings
Proceeds / (Repayment) of Deposits – Related Parties	-8.78	2.42
Proceeds / (Repayment) of Short Term Borrowings (Net)	23.86	7.20
Non-controlling Interest	0.04	-2.41
Payment of Dividend	-0.39	-0.20
Finance Cost	-30.09	-20.77
Net Cash Flows from / (used in) Financing Activities	66.56	9.24
Net Increase in Cash and Cash Equivalent (A+B+C)	-6.31	5.47
Opening balance of Cash and Cash Equivalents	9.42	3.91
Cash and Cash Equivalents acquired pursuant to Business Combination	–	0.03
Closing balance of Cash and Cash Equivalents	3.11	9.42

Ramaraju Surgical Cotton Mills Limited Key Financial Ratios

Particulars	31-Mar-23	31-Mar-22
Current Ratio (in times)	1.02	0.93
Debt-Equity Ratio (in times)	4.38	2.53
Return on Equity Ratio (in %)	-29	8
Inventory Turnover Ratio (in times)	101	67
Trade Receivables Turnover Ratio (in times)	36	47
Trade Payable Turnover Ratio (in times)	14	13
Net Capital Turnover Ratio (in times)	123	101
Net Profit Ratio (in %)	-7	2
Return on Capital Employed Ratio (in %)	0	7

Ramaraju Surgical Cotton Mills Limited share Dividend History

Particulars	2023	2022
Dividend per Share	0.50	1.00
Retained Earnings (In Rs. Crores)	-5.73	24.42

Ramaraju Surgical Cotton Mills Limited Recent Financial Performance

Revenue from Operations:

In 2023, RSCML reported a revenue of ₹407.11 Crores, representing a 5.8% decrease compared to 2022. This decline may be attributed to factors such as decreased sales volume or lower selling prices, potentially impacting the company ‘s top-line performance.

Earnings per Equity Share (EPS):

In 2023, the EPS turned sharply negative at -₹73.46, whereas it stood at ₹53.63 in 2022. The negative EPS indicates that the company ‘s earnings were insufficient to cover the dividend commitments to its shareholders, potentially impacting investor confidence.

RSCML ‘s net profit ratio turned negative at -7% in 2023, down from 2% in 2022, indicating that the company ‘s profit margin eroded, possibly due to increased costs or pricing pressures.

ROCE significantly dropped to 0% in 2023 from 7% in 2022, highlighting a minimal return on the capital invested in the business. This suggests that the company may not have efficiently utilized its capital resources to generate profits.

ROE turned negative at -29% in 2023, compared to a positive 8% in 2022. The negative ROE indicates that the company ‘s equity base was eroded, and it failed to generate a return on shareholders ‘ investments, which is a critical concern for investors and stakeholders.

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