Rasandik Engg.
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Rasandik Engg. share price

Rasandik Engineering Industries India Ltd.

BSE: 522207 SECTOR: Auto Ancillary  13k   9   0

118.00
-1.60 (-1.34%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 123.4

Today's Low

₹ 116.15

52 Week High

₹ 172

52 Week Low

₹ 72.1

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 70.51 Cr.

Enterprise Value

₹ 110.64 Cr.

No. of Shares

0.6 Cr.

P/E

6.67

P/B

0.69

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  170.97

CASH

₹ 0.31 Cr.

DEBT

₹ 40.44 Cr.

Promoter Holding

53.1 %

EPS (TTM)

₹  17.7

Sales Growth

-42.51%

ROE

7.36 %

ROCE

10.36%

Profit Growth

316.19 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-42.51%
3 Year-14.26%
5 Year-20.21%

Profit Growth

1 Year316.19%
3 Year47.89%
5 Year19.68%

ROE%

1 Year7.36%
3 Year0.36%
5 Year-1.55%

ROCE %

1 Year10.36%
3 Year5.98%
5 Year3.08%

Debt/Equity

0.4016

Price to Cash Flow

29.42

Interest Cover Ratio

1.7042

CFO/PAT (5 Yr. Avg.)

0

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 53.10 0.26
Jun 2024 53.10 0.26
Mar 2024 53.10 0.26
Dec 2023 53.10 0.26
Sep 2023 53.10 0.26
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 47.8946985908164% for the Past 3 years.
  • The company has significantly decreased its debt by 35.9061 Cr.
  • Company’s PEG ratio is 0.0210858911112301.
  • The company has a high promoter holding of 53.1%.

 Limitations

  • The company has shown a poor revenue growth of -14.2597396859624% for the Past 3 years.
  • Company has a poor ROE of 0.358377504164307% over the past 3 years.
  • Tax rate is low at -7.2566.
  • The company has a low EBITDA margin of 2.95643074770928% over the past 5 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 27.51 21.89 17.88 18.96 17.86
Total Expenditure 27.32 22.57 22.19 21.9 20.23
Operating Profit 0.19 -0.67 -4.31 -2.94 -2.37
Other Income 2.37 9.06 0 17.9 6.53
Interest 3.07 2.63 2.23 1.51 0.95
Depreciation 1.61 1.61 1.74 1.19 1.48
Exceptional Items -0.26 0 0 0.89 0
Profit Before Tax -2.38 4.15 -8.28 13.16 1.73
Tax -0.4 1.42 -1.93 0.43 0.27
Profit After Tax -1.99 2.73 -6.35 12.73 1.46
Adjusted EPS (Rs) -3.32 4.57 -10.63 21.31 2.45

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 207.61 136.84 206.6 150.02 86.25
Total Expenditure 205.95 123.41 191.19 141.44 93.98
Operating Profit 1.66 13.43 15.41 8.58 -7.73
Other Income 3.96 2.44 0.74 6.38 29.33
Interest 11.22 9.95 11.46 10.68 9.44
Depreciation 13.11 13.34 8.38 7.09 6.15
Exceptional Items 0 0 0 -1.91 0.63
Profit Before Tax -18.7 -7.43 -3.68 -4.72 6.65
Tax -15.38 -1.65 -0.97 -1.42 -0.48
Net Profit -3.32 -5.77 -2.71 -3.3 7.13
Adjusted EPS (Rs.) -5.56 -9.66 -4.53 -5.52 11.93

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 5.98 5.98 5.98 5.98 5.98
Total Reserves 98.05 92.36 89.8 87.14 94.72
Borrowings 13.66 26.48 20.23 14.5 10.51
Other N/C liabilities 33.55 29.98 28.5 21.66 20.29
Current liabilities 102.32 98.04 102.44 95.8 53.37
Total Liabilities 253.55 252.84 246.95 225.07 184.87
Assets
Net Block 186.5 174.37 167.3 145.88 131.02
Capital WIP 4.62 3.75 3.34 0.1 0.08
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 3.54 4.74 3.22 2.4 2.31
Other N/C Assets 0 0 0.17 17.77 11.81
Current Assets 58.88 69.98 72.92 58.92 39.65
Total Assets 253.55 252.84 246.95 225.07 184.87
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -18.7 -7.43 -3.68 -4.72 6.65
Adjustment 30.72 23.11 19.04 11.78 -14.96
Changes in Assets & Liabilities 10.99 -13.32 -3.13 6.03 10.68
Tax Paid 1.45 0.2 -0.19 0.21 0.03
Operating Cash Flow 24.45 2.57 12.05 13.31 2.4
Investing Cash Flow -0.65 -0.11 0.59 8.1 42.55
Financing Cash Flow -23.76 -2.39 -12.93 -21.41 -44.93
Net Cash Flow 0.04 0.06 -0.3 0 0.02

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 53.10 53.10 53.10 53.10 53.10
deepika kapoor 0.91 0.91 0.91 0.91 0.91
ganesha securities pvt. l... 10.32 10.32 10.32 10.32 10.32
kapoor & budhwar associat... 3.30 3.30 3.30 3.30 3.30
krishna kumari kapoor 4.15 4.15 4.15 4.15 4.15
manmohan 0.10 0.10 0.10 0.10 0.10
radhika securities pvt. l... 10.90 10.90 10.90 10.90 10.90
rajiv kapoor 23.42 23.42 23.42 23.42 23.42
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 46.90 46.90 46.90 46.90 46.90
atul kayan 3.31 2.22 2.22 2.22 1.85
coeus global opportunitie... - - - 1.10 1.10
harsha hitesh javeri 1.97 1.97 1.97 1.97 1.97
hitesh ramji javeri 1.97 1.97 1.97 1.97 1.97
mahendra girdharilal 1.64 1.64 1.64 1.64 1.67
rahul kayan 1.62 1.12 1.12 1.12 1.12
sangeetha s 1.59 1.59 1.51 1.51 1.51
sharad kanayalal shah - - - - 1.00
alberta agro private limi... 1.67 1.67 1.67 1.67 -
kaizen comtrade llp 1.26 1.26 1.19 1.15 -
praveen arora - - 1.03 - -
lakshmi narain goel 1.30 1.30 - - -
polus global fund 1.10 1.10 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Rasandik Engineering Industries India informs about newspaper advertisement 19 Aug, 5:18 PM Rasandik Engg. - Quaterly Results 14 Aug, 4:28 PM Rasandik Engg. - Quaterly Results 14 Aug, 4:28 PM Rasandik Engg. - Quaterly Results 13 Feb, 6:37 PM Rasandik Engg. - Quaterly Results 13 Feb, 6:37 PM Rasandik Engineering Industries India executes sale deed to sell idle assets in Haryana 20 Jan, 4:44 PM Rasandik Engineering Industries India informs about trading window closure 1 Jan, 4:48 PM Rasandik Engineering Industries India informs about disclosure 22 Dec, 12:43 PM Rasandik Engineering Industries India executes sale deed to sell idle assets at Uttar Pradesh 28 Sep, 12:07 PM Rasandik Engineering Industries India informs about trading window closure 30 Mar, 1:57 PM Rasandik Engg. - Quaterly Results 13 Feb, 3:45 PM Rasandik Engg. - Quaterly Results 13 Feb, 3:45 PM Rasandik Engineering Industries India informs about compliances-certificate 7 Jan, 2:23 PM Rasandik Engineering Industries India informs about newspaper advertisement 16 Nov, 1:05 PM Rasandik Engineering Industries India informs about compliance certificate 14 Jul, 2:17 PM Rasandik Engineering Industries India informs about certificate 19 Apr, 9:31 AM Rasandik Engineering Industries India launches first Electric Auto 17 Jan, 4:14 PM Rasandik Engineering Industries India informs about compliance certificate 11 Oct, 2:41 PM Rasandik Engineering Industries India informs about closure of trading window 29 Sep, 4:20 PM Rasandik Engineering Industries India informs about newspaper advertisement 6 Aug, 4:10 PM

Rasandik Engg. Stock Price Analysis and Quick Research Report. Is Rasandik Engg. an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Rasandik Engg. is performing and if it is the right time to buy the stock of Rasandik Engg. with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Rasandik Engg. has reported poor sales growth of -42.5052 % and in the latest quarter sales was Rs 17.863 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 2.4501 times for Rasandik Engg. . It is managing its inventory poorly .
     
  • Rasandik Engg. reported Profit growth of 316.1915 % over the year, where the latest year profit is Rs 7.1287 Cr compared to the previous year of Rs -3.2974 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Rasandik Engg. in the latest quarter is Rs -2.371 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Rasandik Engg. has a poor ROE of 7.3566 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Rasandik Engg. has a low Debt to Equity ratio of 0.4016.
     
  • Rasandik Engg. pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in Rasandik Engg. is high at 53.1 %, where the pledging is 0.26 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Rasandik Engg. is 6.66715634481629 compared to the 5 year average PE of 1.3937 .
     
  • Share Price: - The current share price of Rasandik Engg. is Rs 118. One can use valuation calculators of ticker to know if Rasandik Engg. share price is undervalued or overvalued.
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Brief about Rasandik Engg.
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