Rasandik Engineering Industries India Ltd
Incorporated in 1986, Rasandik Engineering Industries Ltd is a manufacturer of critical engineering components for autos, household goods (HPD), etc.
- Market Cap ₹ 57.0 Cr.
- Current Price ₹ 95.4
- High / Low ₹ 156 / 62.1
- Stock P/E
- Book Value ₹ 157
- Dividend Yield 0.00 %
- ROCE 1.19 %
- ROE -7.67 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.61 times its book value
- Debtor days have improved from 36.2 to 28.5 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -8.86% over past five years.
- Company has a low return on equity of -5.38% over last 3 years.
- Earnings include an other income of Rs.10.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
220.99 | 241.40 | 189.28 | 205.87 | 194.06 | 213.75 | 237.81 | 265.60 | 206.57 | 136.51 | 206.00 | 149.55 | 94.03 | |
204.00 | 208.10 | 167.39 | 188.01 | 173.76 | 189.60 | 211.30 | 240.25 | 202.49 | 123.09 | 190.59 | 140.89 | 98.84 | |
Operating Profit | 16.99 | 33.30 | 21.89 | 17.86 | 20.30 | 24.15 | 26.51 | 25.35 | 4.08 | 13.42 | 15.41 | 8.66 | -4.81 |
OPM % | 7.69% | 13.79% | 11.56% | 8.68% | 10.46% | 11.30% | 11.15% | 9.54% | 1.98% | 9.83% | 7.48% | 5.79% | -5.12% |
0.68 | 0.52 | 0.65 | 16.17 | 8.71 | 13.46 | 5.38 | 7.80 | 1.55 | 2.44 | 0.74 | 4.47 | 10.76 | |
Interest | 17.46 | 16.23 | 15.66 | 14.70 | 17.76 | 20.10 | 16.52 | 12.57 | 11.22 | 9.95 | 11.46 | 10.76 | 10.74 |
Depreciation | 12.73 | 13.38 | 14.42 | 14.23 | 13.06 | 13.95 | 13.85 | 14.06 | 13.11 | 13.34 | 8.38 | 7.09 | 6.74 |
Profit before tax | -12.52 | 4.21 | -7.54 | 5.10 | -1.81 | 3.56 | 1.52 | 6.52 | -18.70 | -7.43 | -3.69 | -4.72 | -11.53 |
Tax % | -10.70% | 23.75% | 27.19% | -17.25% | 162.43% | -38.48% | 17.11% | 55.37% | 82.30% | 22.21% | 26.29% | 30.08% | |
-13.86 | 3.21 | -5.49 | 5.97 | 1.14 | 4.93 | 1.27 | 2.90 | -3.32 | -5.77 | -2.71 | -3.30 | -9.25 | |
EPS in Rs | -29.33 | 6.79 | -11.62 | 12.63 | 2.41 | 10.43 | 2.69 | 4.85 | -5.56 | -9.66 | -4.54 | -5.52 | -15.48 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | -9% |
3 Years: | -10% |
TTM: | -48% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -2014% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 1% |
3 Years: | 15% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -3% |
3 Years: | -5% |
Last Year: | -8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.73 | 4.73 | 4.73 | 4.73 | 4.73 | 4.73 | 4.73 | 5.98 | 5.98 | 5.98 | 5.98 | 5.98 | 5.98 |
Reserves | 17.06 | 20.27 | 14.78 | 20.44 | 21.58 | 72.85 | 76.21 | 101.24 | 98.05 | 92.36 | 89.80 | 87.14 | 87.94 |
98.19 | 96.47 | 102.25 | 130.55 | 137.88 | 130.05 | 115.26 | 94.35 | 81.26 | 89.51 | 87.57 | 76.35 | 60.36 | |
163.47 | 162.68 | 151.12 | 108.67 | 80.29 | 110.35 | 99.91 | 101.13 | 70.17 | 68.89 | 67.51 | 59.50 | 55.96 | |
Total Liabilities | 283.45 | 284.15 | 272.88 | 264.39 | 244.48 | 317.98 | 296.11 | 302.70 | 255.46 | 256.74 | 250.86 | 228.97 | 210.24 |
169.62 | 162.37 | 158.68 | 143.65 | 132.50 | 207.99 | 208.63 | 198.81 | 186.50 | 174.37 | 167.30 | 145.88 | 141.71 | |
CWIP | 35.67 | 38.65 | 38.71 | 37.38 | 29.28 | 15.65 | 6.30 | 5.78 | 4.62 | 3.75 | 3.34 | 0.10 | 0.01 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
78.16 | 83.13 | 75.49 | 83.36 | 82.70 | 94.34 | 81.18 | 98.11 | 64.34 | 78.62 | 80.22 | 82.99 | 68.52 | |
Total Assets | 283.45 | 284.15 | 272.88 | 264.39 | 244.48 | 317.98 | 296.11 | 302.70 | 255.46 | 256.74 | 250.86 | 228.97 | 210.24 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38.22 | 21.77 | 11.02 | -10.64 | 7.25 | 24.94 | 36.72 | 9.95 | 24.45 | 2.57 | 12.05 | 13.31 | |
-25.59 | -5.46 | -3.58 | -3.85 | -1.42 | -2.91 | -4.86 | -2.56 | -0.65 | -0.11 | 0.59 | 8.10 | |
-17.60 | -16.80 | -4.03 | 14.32 | -11.76 | -22.13 | -29.77 | -9.62 | -23.76 | -2.39 | -12.93 | -21.41 | |
Net Cash Flow | -4.97 | -0.49 | 3.41 | -0.17 | -5.93 | -0.10 | 2.10 | -2.23 | 0.04 | 0.06 | -0.30 | 0.00 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 40.58 | 38.69 | 40.75 | 34.13 | 36.04 | 38.88 | 41.90 | 47.37 | 26.33 | 50.70 | 29.38 | 28.46 |
Inventory Days | 84.07 | 91.49 | 105.36 | 115.45 | 130.44 | 130.49 | 91.88 | 106.75 | 105.61 | 203.07 | 128.40 | 156.65 |
Days Payable | 110.18 | 92.98 | 78.11 | 58.98 | 63.56 | 89.80 | 76.57 | 78.78 | 65.99 | 103.96 | 57.80 | 56.14 |
Cash Conversion Cycle | 14.46 | 37.20 | 68.00 | 90.60 | 102.91 | 79.58 | 57.21 | 75.34 | 65.95 | 149.80 | 99.98 | 128.97 |
Working Capital Days | -114.94 | -95.12 | -120.50 | -19.64 | 2.33 | 10.28 | 9.13 | 38.58 | 21.80 | 102.09 | 73.51 | 69.44 |
ROCE % | 3.88% | 16.94% | 6.68% | 14.25% | 9.93% | 12.76% | 8.93% | 9.54% | -3.87% | 1.35% | 4.18% | 1.19% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 May
- Compliance Certificate Under Regulation 40(10) Of SEBI (LODR), Regulations , 2015 27 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 26 Apr
- Rasandik Engineering Industries India Limited Executed Agreement To Sale On 20/04/2024 And Sold Its Idle Assets I.E., Industrial Plot No. A-1/2-13 & 14 (Land And Building), Situated At Site-B, Surajpur Industrial Area, Greater Noida, Distt. Gautam Budh Nagar, U. P., PIN-201306 20 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Concalls
-
Dec 2017TranscriptNotesPPT
Business Overview:[1][2]
Company provides engineering solutions, designing and manufacturing delivery of sheet metal components and assemblies
to automobile industry. Company manufactures sheet metal components, press tools and dies for high tensile application in Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Passenger Vehicle (PV), tractors and 2-wheeler industry, heavy fabrication for railways. At present, company has 5 divisions viz.
a) Laser Tailor-Welded Blanks
b) Home Product
c) Press Tool Engineering Solutions and Components Manufacturing
d) Electric Vehicles
e) Railway and Heavy Fabrication Division
Product Profile:
a) Tailored Welding Blanks:[3] TWB Parts viz., Shot Gun, Door Inner, Longitudinal Member, Front Tunnel, Three Piece Door
b) Engineering Solutions:[4] Hyperform Draw Analysis, Tractor Body Parts, Point Cloud Data, Surface Model, MUV Wire Frame, hood for MUV
c) Tools & Dies:[5] Skin & Inner Body Components viz. Door Outer, Bonnet Outer, Front Fender, NHTL - Panel Assy. Hood, Renault - Tractor Bonnet, Wheel Arch Inner, Body Chain Case, GM - Extension Reinforcement, G M - Sun Roof
d) BIW Parts:[6] Parts and subassemblies for body-in-white, class A surfaces and closure panels
e) Suspension Parts:[7]
Design and manufacture of structural components of suspension systems, suspension parts and sub-assemblies
f) Fuel Tanks:[8]
Company is a major supplier of fuel tanks
to Indian automobile industry
g) Exhaust Line & CNC Bending:[9] Exhaust Systems for HML - Ambassador Contessa, RTV and ITL - Sonalika Tractor
h) Scissor Jack:[10] 0.7 T, 1.0 T, 1.5T, 2.0T
i) White Goods:[11]
Air-conditioner body stampings and assemblies, refrigerator body stampings and washing machine body stampings