Raasi Refractories Ltd

Raasi Refractor Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Raasi Refractories Ltd

₹ 49.7 4.99%
22 Apr - close price
raasi.in BSE: 502271
About

Incorporated in 1981, Raasi Refractories Ltd. manufactures and sells refractory bricks and allied products.

Key Points

Product Profile:[1]
a) Basic Refractories: Magnesite, Magnesite chrome, Alumina spinel bricks, Burnt and chemically bonded bricks also with steel clads, Magnesia Carbon, etc.
b) Fire Clay and High Alumina Refractories: Medium, High and Super duty fire bricks, Blast furnace and Stove Refractories, Casting pit Refractories such as Ladle bricks, Sleeves, Stopper Heads and Well Blocks, etc.
c) Insulation Refractories: Cold and Hot face insulation Bricks
d) Monolithic: Low & Ultra low cement, Ramming, Patching, Spraying Mixes, Mortars with Hydraulically and Ceramically setting properties, etc.
e) Special Products:[2] High Alumina, Zircon and Alumina Carbon Nozzles, Stopper Heads, Porus Plugs, Silica Bricks, Mullite Alumina Bushes, etc.

Website BSE
  • Market Cap ₹ 23.4 Cr.
  • Current Price ₹ 49.7
  • High / Low ₹ 49.7 / 6.63
  • Stock P/E 4.81
  • Book Value ₹ -24.0
  • Dividend Yield 0.00 %
  • ROCE 14.7 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 201 days to 50.2 days

Cons

  • Promoters have pledged 99.8% of their holding.
  • Company has high debtors of 213 days.

* 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: Refractories Industry: Refractories / Intermediates

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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
2.80 5.72 9.96 19.92 18.92 14.10 9.07 11.13 16.08 22.78 2.34 16.91 7.76
2.07 4.87 9.13 18.78 18.26 13.40 11.35 11.67 15.15 17.26 3.85 11.64 9.09
Operating Profit 0.73 0.85 0.83 1.14 0.66 0.70 -2.28 -0.54 0.93 5.52 -1.51 5.27 -1.33
OPM % 26.07% 14.86% 8.33% 5.72% 3.49% 4.96% -25.14% -4.85% 5.78% 24.23% -64.53% 31.16% -17.14%
0.00 0.06 0.00 0.00 0.00 0.05 0.28 -0.27 0.00 0.06 0.00 0.00 0.04
Interest 0.54 0.77 0.63 0.77 0.57 0.55 0.44 0.59 0.55 0.64 0.63 0.61 0.59
Depreciation 0.07 0.07 0.07 0.14 0.08 -0.01 0.07 0.07 0.07 0.21 0.11 0.11 0.11
Profit before tax 0.12 0.07 0.13 0.23 0.01 0.21 -2.51 -1.47 0.31 4.73 -2.25 4.55 -1.99
Tax % 0.00% 71.43% 0.00% 0.00% 0.00% -280.95% 0.00% 0.00% 0.00% 3.59% 0.00% 0.00% 0.00%
0.12 0.03 0.12 0.22 0.01 0.80 -2.51 -1.47 0.31 4.55 -2.25 4.55 -1.99
EPS in Rs 0.25 0.06 0.25 0.47 0.02 1.70 -5.33 -3.12 0.66 9.65 -4.77 9.65 -4.22
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
21.60 35.84 15.08 13.21 9.67 7.23 21.75 41.27 48.22 20.91 62.89 59.07 49.79
17.77 33.93 17.52 29.07 11.93 6.46 16.14 35.99 44.05 17.79 59.58 55.43 41.84
Operating Profit 3.83 1.91 -2.44 -15.86 -2.26 0.77 5.61 5.28 4.17 3.12 3.31 3.64 7.95
OPM % 17.73% 5.33% -16.18% -120.06% -23.37% 10.65% 25.79% 12.79% 8.65% 14.92% 5.26% 6.16% 15.97%
0.38 0.00 0.07 0.00 3.74 0.07 0.03 2.56 0.05 0.06 0.05 0.06 0.10
Interest 3.04 2.86 0.15 0.05 2.82 2.82 3.74 3.51 2.30 2.49 2.51 2.23 2.47
Depreciation 1.03 1.04 1.04 1.04 1.07 1.19 1.21 0.29 0.30 0.29 0.29 0.43 0.54
Profit before tax 0.14 -1.99 -3.56 -16.95 -2.41 -3.17 0.69 4.04 1.62 0.40 0.56 1.04 5.04
Tax % 78.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.31% 12.50% -105.36% 16.35%
0.02 -1.99 -3.56 -16.95 -2.40 -3.18 0.69 4.05 1.21 0.35 1.15 0.86 4.86
EPS in Rs 0.04 -4.22 -7.55 -35.96 -5.09 -6.75 1.46 8.59 2.57 0.74 2.44 1.82 10.31
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: 22%
3 Years: 7%
TTM: -1%
Compounded Profit Growth
10 Years: 9%
5 Years: 5%
3 Years: -11%
TTM: 269%
Stock Price CAGR
10 Years: 18%
5 Years: 59%
3 Years: 86%
1 Year: 528%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 4.71 4.71 4.71 4.71 4.71 4.71 4.71 4.71 4.71 4.71 4.71 4.71 4.71
Reserves 1.51 -0.48 -4.04 -20.96 -23.36 -26.54 -25.90 -21.90 -20.69 -20.34 -19.19 -18.32 -16.02
20.50 27.47 27.51 33.23 38.87 42.23 42.83 52.18 44.40 43.50 45.63 26.97 29.37
7.62 6.74 9.07 12.68 13.17 14.25 47.06 11.69 7.20 8.51 13.35 33.00 38.64
Total Liabilities 34.34 38.44 37.25 29.66 33.39 34.65 68.70 46.68 35.62 36.38 44.50 46.36 56.70
8.59 7.56 6.52 5.49 8.69 7.49 6.48 6.20 6.12 5.84 5.55 6.54 6.32
CWIP 2.29 2.29 2.29 2.54 2.60 2.65 2.66 2.68 2.68 2.68 2.68 2.68 2.68
Investments 0.98 0.98 0.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22.48 27.61 27.46 21.63 22.10 24.51 59.56 37.80 26.82 27.86 36.27 37.14 47.70
Total Assets 34.34 38.44 37.25 29.66 33.39 34.65 68.70 46.68 35.62 36.38 44.50 46.36 56.70

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
0.18 -0.01 3.74 -6.52 -3.43 1.06 -6.37 0.93 10.75 4.52 0.28 21.83
-0.28 0.03 0.07 0.73 -4.28 0.03 -0.19 0.15 -0.58 0.01 0.10 -1.46
-0.38 1.22 -6.28 5.67 9.11 -2.23 6.93 -1.20 -10.08 -3.40 -0.39 -20.88
Net Cash Flow -0.48 1.24 -2.47 -0.11 1.40 -1.14 0.38 -0.12 0.08 1.13 0.00 -0.51

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 111.87 85.95 205.98 353.40 452.57 680.02 455.45 219.60 104.91 215.93 131.22 212.56
Inventory Days 374.56 192.79 390.76 78.01 333.79 1,127.57 555.99 73.40 93.35 374.46 71.23 2.72
Days Payable 153.65 48.13 152.31 87.36 471.86 1,370.45 577.13 9.79 8.13 73.52 57.62 101.71
Cash Conversion Cycle 332.78 230.62 444.43 344.05 314.50 437.14 434.32 283.22 190.13 516.87 144.83 113.57
Working Capital Days 253.98 172.62 261.65 40.62 209.11 258.98 290.32 267.54 179.09 400.96 152.70 50.17
ROCE % 11.51% 2.98% -11.39% -74.84% -17.58% -1.72% 21.08% 17.87% 12.36% 10.27% 10.40% 14.69%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.74% 50.74% 50.74% 50.74% 50.74% 50.74% 50.74% 50.74% 50.74% 50.74% 50.74% 50.74%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
2.03% 2.03% 2.03% 2.07% 2.07% 2.06% 2.06% 2.06% 2.06% 2.06% 2.06% 2.06%
47.18% 47.18% 47.18% 47.14% 47.14% 47.15% 47.16% 47.16% 47.15% 47.16% 47.16% 47.16%
No. of Shareholders 5,6565,7215,7305,7955,7545,7585,7715,7645,7485,7255,6875,646

* 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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