Rajapalayam Mills reports consolidated net loss of Rs 6.91 crore in the June 2024 quarter

Rajapalayam Mills Ltd, part of Ramco Group, to invest ₹400 crore in capex for looms expansion and new fabric processing unit. Funding from Rights Issue, internal accruals and term loan. Demand for quality fabric, volatility in cotton prices, improved domestic demand, US weather conditions, high infl…

Rajapalayam Mills to spend ₹400 crore on capex this year

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Stocks that will see action today: July 17, 2023

The textile industry is the focus of Rajapalayam Mills Ltd, a small cap company with a market valuation of ₹607.85 Cr.

Textile stock is 49% below 52-week-high, ex-date for 1:14 rights issue next week

Buzzing stocks: Mindspace Business REIT, GAIL India, Bharti Airtel, Rajapalayam Mills, Shyam Metalics, Uno Minda, VIP Clothing

Stocks that will see action on December 21, 2022

Rajapalayam MillsIts value-added products see surge in enquiries

Rajapalayam Mills charts ₹400 crore capacity expansion on strong biz outlook

Rajapalayam Mills consolidated net profit declines 36.82% in the December 2021 quarter

Rajapalayam Mills consolidated net profit rises 190.36% in the September 2021 quarter

Rajapalayam Mills consolidated net profit rises 600.20% in the June 2021 quarter

The operations of its Mills were stopped from May 24, as per guidelines from the Government of Tamil Nadu in order to prevent and contain the spread of Covid-19.

Rajapalayam Mills resumes Mill operations in Tamil Nadu

Rajapalayam Mills consolidated net profit rises 55.32% in the March 2021 quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company makes yarn under it’s textiles business. The Company has wind mills with installed capacity of over 35.15 megawatts for its captive power consumption.