Rasandik Engineering Industries India Ltd.

BSE: 522207 SECTOR: Auto Ancillary  3594   3   0

91.90
+7.30 (8.63%)
BSE: Today, 01:10 PM

Price Summary

Today's High

₹ 91.95

Today's Low

₹ 84.75

52 Week High

₹ 197

52 Week Low

₹ 0

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

54.91 Cr.

Enterprise Value

143.73 Cr.

No. of Shares

0.6 Cr.

P/E

0

P/B

0.57

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  160.83

CASH

0.69 Cr.

DEBT

89.51 Cr.

Promoter Holding

53.1 %

EPS (TTM)

₹  -1.35

Sales Growth

-34.09%

ROE

-5.71 %

ROCE

1.36%

Profit Growth

-73.9 %

* 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.
* 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 Year50.97%
3 Year-8.17%
5 Year-0.79%

Profit Growth

1 Year53.09%
3 Year-197.71%
5 Year-188.7%

ROE%

1 Year-2.79%
3 Year-3.88%
5 Year-1.38%

ROCE %

1 Year4.19%
3 Year0.56%
5 Year4.04%

Debt/Equity

0.9143

Price to Cash Flow

21.41

Interest Cover Ratio

0.253965543221659

CFO/PAT (5 Yr. Avg.)

5870.85119047622

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 53.1 0.26
Mar 2022 53.1 0.26
Dec 2021 53.1 0.26
Sep 2021 53.1 0.26
Jun 2021 49.92 0.27
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 49.7759593683292 days.
  • The company has a high promoter holding of 53.1%.

 Limitations

  • The company has shown a poor profit growth of -265.507847609176% for the Past 3 years.
  • The company has shown a poor revenue growth of -16.9471444375355% for the Past 3 years.
  • Company has a poor ROE of -3.87948619496987% over the past 3 years.
  • Company has a poor ROCE of 0.557825410679553% over the past 3 years
  • Company has low Interest coverage ratio of 0.253965543221659.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 43.2 52.42 53.74 57.25 53.35
Total Expenditure 39.61 48.54 50.24 52.98 48.55
Operating Profit 3.6 3.88 3.49 4.27 4.79
Other Income 0.18 0.16 0 0.4 0.01
Interest 2.7 2.98 2.9 2.71 2.55
Depreciation 3.18 1.13 2.07 2 1.82
Exceptional Items 0 0 0 0 0
Profit Before Tax -2.11 -0.07 -1.47 -0.04 0.42
Tax -0.52 -0.02 -0.36 -0.07 0.11
Profit After Tax -1.58 -0.05 -1.11 0.03 0.32
Adjusted EPS (Rs) -2.65 -0.08 -1.85 0.05 0.53

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 238.87 266.76 207.61 136.84 206.6
Total Expenditure 212.35 241.41 205.95 123.41 191.19
Operating Profit 26.52 25.35 1.66 13.43 15.41
Other Income 5.38 7.8 3.96 2.44 0.74
Interest 16.52 12.57 11.22 9.95 11.46
Depreciation 13.85 14.06 13.11 13.34 8.38
Exceptional Items 0 0 0 0 0
Profit Before Tax 1.53 6.52 -18.7 -7.43 -3.68
Tax 0.26 3.62 -15.38 -1.65 -0.97
Net Profit 1.27 2.9 -3.32 -5.77 -2.71
Adjusted EPS (Rs.) 2.69 4.86 -5.56 -9.66 -4.53

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 4.73 5.98 5.98 5.98 5.98
Total Reserves 76.21 101.24 98.05 92.36 89.8
Borrowings 37.99 23.11 13.66 26.48 20.23
Other N/C liabilities 50.23 51.16 33.55 29.98 28.5
Current liabilities 126.96 121.22 102.32 98.04 102.44
Total Liabilities 296.11 302.7 253.55 252.84 246.95
Assets
Net Block 208.63 198.81 186.5 174.37 167.3
Capital WIP 6.3 5.78 4.62 3.75 3.34
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 4.78 5.01 3.54 4.74 3.22
Other N/C Assets 0 0 0 0 0.17
Current Assets 76.4 93.11 58.88 69.98 72.92
Total Assets 296.11 302.7 253.55 252.84 246.95
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 1.53 6.52 -18.7 -7.43 -3.68
Adjustment 27.63 22.45 30.72 23.11 19.24
Changes in Assets & Liabilities 8.09 -17.61 10.99 -13.32 -3.33
Tax Paid -0.53 -1.4 1.45 0.2 -0.19
Operating Cash Flow 36.72 9.95 24.45 2.57 12.05
Investing Cash Flow -4.86 -2.56 -0.65 -0.11 0.59
Financing Cash Flow -29.77 -9.62 -23.76 -2.39 -12.93
Net Cash Flow 2.1 -2.23 0.04 0.06 -0.3

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 49.92 53.10 53.10 53.10 53.10
rajiv kapoor 16.04 15.92 15.67 15.59 13.91
radhika securities... 10.90 10.90 10.90 10.90 11.19
ganesha securities... 10.32 10.32 10.32 10.32 10.60
krishna kumari kap... 4.15 4.15 1.69 1.69 1.15
kapoor & budhwar a... 3.30 3.30 3.30 3.30 3.39
suresh chandra kap... - - 2.46 2.46 2.53
deepika kapoor 0.91 0.91 0.91 0.91 0.93
man mohan 0.10 0.10 0.10 0.10 0.10
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 50.08 46.90 46.90 46.90 46.90
siddharth iyer 6.69 6.69 6.69 6.69 6.87
atul kayan - 2.17 - - 2.23
subramanian p 2.39 2.39 2.39 2.39 2.46
lalita kayan 2.93 2.93 2.93 2.93 3.01
rahul kayan 2.93 2.93 2.93 2.93 3.01
tradelink exim ind... - - - - -
harsha hitesh jave... 1.97 1.97 1.97 1.97 2.02
hitesh ramji javeri 1.97 1.97 1.97 1.97 2.02
tradelink exim ind... 2.41 2.41 2.41 2.41 2.47
edelweiss custodia... - - - - -
sangeetha s - - - - -
alberta agro priva... 1.67 1.67 1.67 1.67 1.72
c mackertich priva... 1.67 - - - -
mars associates pv... 1.30 1.30 1.30 1.30 1.33
lakshmi narain goel - - - - -
kaizen comtrade llp 1.26 1.26 1.26 1.26 1.29
polus global fund 1.26 1.26 1.26 1.26 -

Annual Reports

Ratings & Research Reports

Company Presentations

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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 -34.0871772517418 % and in the latest quarter sales was Rs 53.735 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 3.29717767050294 times for Rasandik Engg. . It is managing its inventory poorly .
     
  • The company reported Profit loss of -73.9004699361369 % over the year, where the latest year profit is Rs -5.7728 Cr compared to the previous year of Rs -3.3196 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 3.492 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Rasandik Engg. has a poor ROE of -5.70551204371248 %. 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 0.9103.
     
  • 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 the company 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 -66.4697193500738 compared to the 5 year average PE of 22.5280732219448 .
Brief about Rasandik Engg.

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