Ravindra Energy Ltd

Ravindra Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ravindra Energy Ltd

₹ 69.8 -0.24%
26 Apr - close price
ravindraenergy.com BSE: 504341
About

Incorporated in 1980, Ravindra Energy Ltd is in the business of Selling Solar Pumps, Setting up of Solar Generation Power Plant (Ground Mount & Rooftop) & Generation and Sale of Power[1]

Key Points

History & Business Overview:[1]
Company is promoted by Murkumbi family of Shree Renuka Group. It used to be a trader of coal and sugar and was involved in mining of coal through its foreign arm PT Jambi Prima, Indonesia. Currently, the coal mining licenses are surrendered and sugar operation is discontinued.
At present, REL operates in the solar water pump segment catering to orders under KREDL and MEDA scheme. REL undertakes roof top solar power generation projects and has setup a 100% wholly owned subsidiary under the name Rhibhu Rooftop Solar Private Limited to cater to upcoming SECI order for installation of 6MW capacity. Apart from this, REL has set up 17 LLPs with an aggregate capacity of 34MW for power generation in Karnataka region with the power being sold to DISCOMS

Website BSE
  • Market Cap ₹ 1,077 Cr.
  • Current Price ₹ 69.8
  • High / Low ₹ 130 / 41.5
  • Stock P/E
  • Book Value ₹ 9.88
  • Dividend Yield 0.00 %
  • ROCE 3.72 %
  • ROE 3.18 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 7.07 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.67% over past five years.
  • Company has a low return on equity of -26.0% over last 3 years.
  • Company's cost of borrowing seems high

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
25.66 29.64 17.84 22.16 22.08 10.81 2.46 1.97 1.27 22.52 20.21 13.14 1.49
23.97 27.23 17.61 23.83 21.74 198.55 5.08 3.98 4.54 43.56 19.82 15.65 4.74
Operating Profit 1.69 2.41 0.23 -1.67 0.34 -187.74 -2.62 -2.01 -3.27 -21.04 0.39 -2.51 -3.25
OPM % 6.59% 8.13% 1.29% -7.54% 1.54% -1,736.73% -106.50% -102.03% -257.48% -93.43% 1.93% -19.10% -218.12%
2.54 1.45 2.23 1.13 3.81 4.98 3.89 14.18 4.24 13.33 4.34 4.24 4.07
Interest 3.66 2.82 1.59 1.67 0.28 0.25 0.15 0.48 0.31 0.26 0.37 0.56 0.29
Depreciation 0.18 0.18 0.15 0.14 0.14 0.15 0.16 0.52 0.37 0.41 0.42 0.43 0.43
Profit before tax 0.39 0.86 0.72 -2.35 3.73 -183.16 0.96 11.17 0.29 -8.38 3.94 0.74 0.10
Tax % 12.82% 6.98% 0.00% 0.43% -0.80% -0.06% -7.29% -0.09% -24.14% 0.36% -0.76% -5.41% 0.00%
0.34 0.80 0.72 -2.34 3.77 -183.27 1.03 11.19 0.36 -8.36 3.96 0.78 0.09
EPS in Rs 0.03 0.07 0.06 -0.17 0.28 -13.65 0.08 0.83 0.03 -0.61 0.29 0.05 0.01
Raw PDF
Upcoming result date: 3 May 2024

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
32.88 100.99 100.70 77.26 121.73 53.99 46.92 163.21 352.77 113.86 72.89 28.22 57.36
31.43 102.17 103.92 81.04 122.83 49.38 43.57 160.21 329.61 116.55 261.74 57.14 83.77
Operating Profit 1.45 -1.18 -3.22 -3.78 -1.10 4.61 3.35 3.00 23.16 -2.69 -188.85 -28.92 -26.41
OPM % 4.41% -1.17% -3.20% -4.89% -0.90% 8.54% 7.14% 1.84% 6.57% -2.36% -259.09% -102.48% -46.04%
1.91 1.64 3.68 4.50 5.18 6.14 5.08 20.79 -1.65 8.49 12.16 35.64 25.98
Interest 1.59 0.08 0.01 0.06 0.38 1.11 2.45 13.41 20.03 14.98 3.79 1.20 1.48
Depreciation 0.00 0.07 0.08 0.14 0.10 0.26 0.37 0.59 0.67 0.67 0.58 1.46 1.69
Profit before tax 1.77 0.31 0.37 0.52 3.60 9.38 5.61 9.79 0.81 -9.85 -181.06 4.06 -3.60
Tax % 33.33% 9.68% 27.03% 32.69% 33.33% 32.62% 30.48% 30.34% 24.69% -1.22% -0.04% -4.43%
1.19 0.27 0.27 0.35 2.40 6.33 3.89 6.82 0.62 -9.96 -181.13 4.24 -3.53
EPS in Rs 0.03 0.20 0.52 0.32 0.57 0.05 -0.83 -13.49 0.31 -0.26
Dividend Payout % 5.46% 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: -12%
5 Years: -10%
3 Years: -57%
TTM: 247%
Compounded Profit Growth
10 Years: 32%
5 Years: 2%
3 Years: -47%
TTM: 98%
Stock Price CAGR
10 Years: 17%
5 Years: 15%
3 Years: 31%
1 Year: 59%
Return on Equity
10 Years: -6%
5 Years: -13%
3 Years: -26%
Last Year: 3%

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 0.65 113.55 113.55 114.28 117.92 117.92 117.92 119.88 119.88 119.88 134.48 137.68 154.48
Reserves 0.28 89.23 89.50 89.84 92.24 97.84 89.55 105.10 105.71 267.61 4.82 -10.37 -2.04
0.00 0.00 0.00 0.00 5.41 7.23 9.02 179.93 205.83 15.22 11.83 4.63 4.91
0.53 90.77 133.15 134.46 155.81 218.90 231.41 141.21 72.16 36.03 82.07 94.96 14.33
Total Liabilities 1.46 293.55 336.20 338.58 371.38 441.89 447.90 546.12 503.58 438.74 233.20 226.90 171.68
0.00 4.27 4.12 3.96 12.31 16.00 16.17 16.00 17.18 17.44 7.19 12.01 11.45
CWIP 0.00 0.00 6.74 7.67 0.01 0.15 2.12 1.10 0.75 0.88 0.00 0.00 0.00
Investments 0.00 150.67 150.66 150.63 150.25 181.69 206.53 223.51 223.53 229.81 87.58 109.24 109.28
1.46 138.61 174.68 176.32 208.81 244.05 223.08 305.51 262.12 190.61 138.43 105.65 50.95
Total Assets 1.46 293.55 336.20 338.58 371.38 441.89 447.90 546.12 503.58 438.74 233.20 226.90 171.68

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
11.23 2.42 -7.20 -0.40 0.82 40.40 38.43 -165.44 -11.21 28.76 -27.60 44.61
0.00 -5.46 2.92 -0.96 0.15 -29.75 -39.19 -4.71 10.36 -2.21 23.36 5.18
-11.80 1.33 3.63 1.13 3.26 -1.11 -2.45 168.16 5.89 -34.22 1.15 -39.27
Net Cash Flow -0.57 -1.71 -0.65 -0.23 4.23 9.54 -3.20 -1.98 5.04 -7.68 -3.08 10.52

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 2.89 0.00 0.00 3.07 7.20 141.57 37.96 126.71 69.95 174.87 145.67 137.10
Inventory Days 0.00 3.19 0.00 3.50 2.09 29.80 167.67 12.12 11.61 11.61 6.96 17.68
Days Payable 3.38 14.14 256.66 50.97 100.43 19.12 72.36 60.70 23.89 154.80
Cash Conversion Cycle 2.89 -0.19 0.00 -7.57 -247.38 120.39 105.20 119.71 9.20 125.78 128.74 -0.02
Working Capital Days -1.67 121.87 137.23 178.11 130.49 43.94 -164.53 341.25 177.77 455.56 625.59 721.72
ROCE % 57.44% 0.38% 0.19% 0.30% 1.91% 4.78% 3.67% 7.47% 11.69% 1.23% -62.55% 3.72%

Shareholding Pattern

Numbers in percentages

11 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.55% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.08%
25.45% 25.01% 25.01% 25.01% 25.01% 25.02% 25.01% 25.00% 25.01% 25.01% 24.93% 24.92%
No. of Shareholders 69,45569,64669,82670,08170,20970,26370,29070,32470,29970,49571,19675,856

* 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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