Sunday, 28 October 2018

RAMARAJU SURGICAL COTTON MILLS LTD – 2018 RESULT UPDATE


Ramaraju Surgical Cotton Mills Ltd is a part of Ramco Group of companies, incorporated in 1939 is specialized in producing absorbent cotton, gauze, bandages and other wound-care products in Southern India. Ramaraju Surgical manufactures products under three different brand name i.e Surgicom – related to surgical products, Sudarsanam Spinning – related to textile products, and Sudarsanam – related to weaving & sizing products.


LISTING STATUS – Ramaraju Surgical Cotton Mills Ltd got listed on MSEI (Metropolitan Stock Exchange of India Ltd) on 28th March 2018.


CONSOLIDATED FINANCIAL HIGHLIGHTS: (All Fig in Crs.)
PARTICULARS
2018
2017
2016
TOTAL INCOME
264
244
246
PAT
9
17
18
EPS
22.43
84.82
89.39
EQUITY*
3.95
1.97
1.97
BOOK VALUE
550.03
1076.09
991.22
FACE VALUE
10
10
10
*Equity paid up capital has increased in 2018 due to bonus declaration in June 2017 in ratio 1:1.
Dividend declared for FY 2018 is 5%.


SEGMENT REVENUE CONTRIBUTION: (All Fig in Crs.)
SEGMENT
2018
2017
TEXTILE
186.94
200.40
SURGICAL
37.57
34.81
FABRIC
62.26
20.79
WINDMILL
10.84
10.34


INVESTMENT IN ASSOCIATE COMPANIES:
Ramaraju Surgical Cotton Mills Ltd holds strong investment in its group companies listed on nationalized stock exchanges i.e BSE/NSE .The investment are in Ramco Cement Ltd, Ramco Industries Ltd , RajapalayamMills Ltd  and Ramco Systems Ltd. The market value of this investment stands at Rs. 284.13 Crs as on 31/3/2018 (Rs. 257.81 Crs as on 31/3/2017).


Thus being the part of a strong textile conglomerate of southern India, strategic investment with rising market value and strong business model depicting good performance year on year, we recommend – “Buy – Ramaraju Surgical Cotton Mills Ltd”.

For buying and selling any unquoted / unlisted / delisted or suspended shares in physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com



No comments:

Post a Comment

Blogroll