Rapicut Carbides Ltd

Rapicut Carbides Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rapicut Carbides Ltd

₹ 106 -1.76%
25 Apr - close price
rapicutcarbides.com BSE: 500360
About

Incorporated in 1977, Rapicut Carbides Ltd manufactures Tungsten Carbide products used in metal cutting, mining, wear parts and various other industries[1]

Key Points

Product Profile:[1]
a) Mining Products:[2]
Drill Steel Inserts, Octagonal and Square Inserts, Tungsten Carbide Buttons, Bucket Wheel Excavation (BWE) Inserts, Carset/Cross Bits Inserts, Flow Beans/ Nozzles, etc.
b) Wear Parts:[3]
Tungsten Carbide Seal Rings, Pellets/Nibs, Jute Eyelets, etc.
c) Metal Cutting:[4]
2000 different varieties of standard tips, apart from custom-built special tips
d) Intermediates:[5]
Tungsten Metal Powder, Tungsten Carbide Powder, Fused Tungsten Carbide Powder, Ready to Press Powder, etc.
e) Finished Product:[6]
Stem and seat for High Pressure Control Valve, Tungsten Carbide Seat for pneumatic valve, Scarfing tools and Pressure/ Squeeze Rolls for ERW Tube, Forming tools for various Industry. Company supplies Flats, segments, Bushes, Rods, Brazed Tools etc. for various applications

Website BSE
  • Market Cap ₹ 56.9 Cr.
  • Current Price ₹ 106
  • High / Low ₹ 141 / 45.7
  • Stock P/E
  • Book Value ₹ 39.1
  • Dividend Yield 0.00 %
  • ROCE -3.36 %
  • ROE -6.15 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.71 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.03% over past five years.
  • Company has a low return on equity of -4.69% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7.46 10.29 7.84 9.00 6.85 12.44 8.07 7.59 8.21 15.70 12.28 15.70 15.26
8.05 9.89 7.92 9.19 6.94 11.94 7.58 8.09 8.56 15.56 12.55 15.52 14.49
Operating Profit -0.59 0.40 -0.08 -0.19 -0.09 0.50 0.49 -0.50 -0.35 0.14 -0.27 0.18 0.77
OPM % -7.91% 3.89% -1.02% -2.11% -1.31% 4.02% 6.07% -6.59% -4.26% 0.89% -2.20% 1.15% 5.05%
0.00 0.02 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.06 0.00 0.03
Interest 0.02 0.03 0.02 0.03 0.02 0.06 0.07 0.05 0.08 0.10 0.05 0.12 0.17
Depreciation 0.19 0.20 0.17 0.16 0.17 0.16 0.14 0.15 0.16 0.15 0.14 0.15 0.12
Profit before tax -0.80 0.19 -0.27 -0.38 -0.28 0.31 0.28 -0.70 -0.59 -0.11 -0.40 -0.09 0.51
Tax % 22.50% -52.63% 0.00% 0.00% 0.00% 132.26% 0.00% 0.00% 0.00% -209.09% -2.50% -11.11% 7.84%
-0.62 0.29 -0.27 -0.39 -0.28 -0.11 0.28 -0.70 -0.59 -0.34 -0.40 -0.10 0.46
EPS in Rs -1.15 0.54 -0.50 -0.73 -0.52 -0.20 0.52 -1.30 -1.10 -0.63 -0.74 -0.19 0.86
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
29.91 38.93 37.84 38.18 33.22 41.86 41.68 46.16 33.39 28.01 36.14 39.57 58.94
24.65 32.57 33.33 33.72 29.88 36.66 36.38 41.39 32.64 28.31 36.01 39.81 58.12
Operating Profit 5.26 6.36 4.51 4.46 3.34 5.20 5.30 4.77 0.75 -0.30 0.13 -0.24 0.82
OPM % 17.59% 16.34% 11.92% 11.68% 10.05% 12.42% 12.72% 10.33% 2.25% -1.07% 0.36% -0.61% 1.39%
0.02 -0.08 -0.01 0.04 0.03 0.18 0.05 0.04 0.03 0.02 0.03 0.01 0.09
Interest 0.44 0.44 0.41 0.54 0.44 0.34 0.24 0.23 0.36 0.14 0.13 0.29 0.44
Depreciation 0.37 0.40 0.59 0.65 0.56 0.66 0.81 0.86 0.84 0.79 0.67 0.60 0.56
Profit before tax 4.47 5.44 3.50 3.31 2.37 4.38 4.30 3.72 -0.42 -1.21 -0.64 -1.12 -0.09
Tax % 32.21% 36.40% 32.86% 33.23% 38.82% 31.96% 26.28% 23.92% 80.95% 33.06% -64.06% -20.54%
3.03 3.46 2.35 2.22 1.45 2.98 3.16 2.84 -0.08 -0.82 -1.06 -1.35 -0.38
EPS in Rs 5.61 6.41 4.38 4.13 2.70 5.55 5.88 5.29 -0.15 -1.53 -1.97 -2.51 -0.70
Dividend Payout % 21.29% 24.86% 27.42% 29.03% 44.44% 27.03% 30.59% 28.36% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: -1%
3 Years: 6%
TTM: 62%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 66%
Stock Price CAGR
10 Years: 12%
5 Years: 17%
3 Years: 61%
1 Year: 112%
Return on Equity
10 Years: 5%
5 Years: 0%
3 Years: -5%
Last Year: -6%

Balance Sheet

Figures in Rs. Crores

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 2.15 2.15 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37
Reserves 11.11 13.57 11.95 13.39 14.06 17.03 18.67 20.16 19.10 18.13 17.09 16.05 15.62
3.17 0.19 2.58 2.89 1.73 -1.08 1.38 3.36 1.62 0.06 2.17 3.42 6.46
4.94 9.06 5.03 7.75 4.94 7.05 9.13 6.90 6.59 7.93 7.67 9.28 14.74
Total Liabilities 21.37 24.97 24.93 29.40 26.10 28.37 34.55 35.79 32.68 31.49 32.30 34.12 42.19
2.61 3.37 4.90 4.90 4.65 5.72 5.36 4.83 5.10 4.48 3.98 4.36 4.63
CWIP 0.02 0.44 0.01 0.00 0.02 0.05 0.00 0.00 0.00 0.00 0.34 0.40 0.03
Investments 0.04 0.04 0.04 0.04 0.02 0.03 0.04 0.05 0.07 0.08 0.11 0.13 0.13
18.70 21.12 19.98 24.46 21.41 22.57 29.15 30.91 27.51 26.93 27.87 29.23 37.40
Total Assets 21.37 24.97 24.93 29.40 26.10 28.37 34.55 35.79 32.68 31.49 32.30 34.12 42.19

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.20 6.53 1.01 1.75 3.97 6.73 -0.34 -1.11 4.20 4.86 -4.52 -0.29
-1.08 -1.56 -1.72 -0.45 -0.29 -1.55 -0.36 -0.30 -1.10 -0.27 -0.49 -0.69
-0.02 -4.91 0.09 -1.18 -2.80 -5.32 0.56 0.85 -3.07 -1.70 1.98 1.03
Net Cash Flow -1.30 0.06 -0.62 0.11 0.88 -0.15 -0.14 -0.55 0.03 2.90 -3.03 0.04

Ratios

Figures in Rs. Crores

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 50.89 38.16 42.63 62.71 56.80 35.05 59.81 70.30 73.57 92.13 105.14 96.12
Inventory Days 252.81 213.41 198.13 234.27 245.30 198.38 294.73 249.12 298.81 284.13 223.94 213.94
Days Payable 57.29 76.31 36.76 71.87 34.05 57.67 80.22 51.25 61.60 107.64 71.24 80.60
Cash Conversion Cycle 246.42 175.26 204.00 225.11 268.06 175.77 274.33 268.17 310.78 268.62 257.84 229.46
Working Capital Days 142.05 102.57 135.14 155.25 166.57 126.17 172.25 191.99 225.41 202.37 203.20 186.33
ROCE % 32.16% 37.17% 22.01% 18.68% 13.17% 21.66% 19.43% 14.51% -0.22% -4.31% -2.12% -3.36%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
33.39% 33.39% 33.39% 37.79% 37.79% 39.02% 40.10% 40.28% 40.46% 40.46% 40.46% 40.46%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.01% 0.01%
66.59% 66.59% 66.59% 62.18% 62.18% 60.96% 59.86% 59.69% 59.51% 59.52% 59.54% 59.53%
No. of Shareholders 3,9943,9063,6853,7613,7113,7493,7123,6893,6643,5943,5353,783

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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