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

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 13.649 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 0.624 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 -8.21478232966092 compared to the 5 year average PE of 1.3937 .
   
• Share Price: - The current share price of Rasandik Engg. is Rs 76.8. One can use valuation calculators of ticker to know if Rasandik Engg. share price is undervalued or overvalued.