Royal India Corporation Ltd

₹ 5.82 -1.02%

13 Aug 10:33 a.m.

ricl.in BSE: 512047

About

Incorporated in 1984, Royal India Corporation Ltd is in the business of selling Gold & Gold related products^[1]

Key Points

Business Overview:^[1]
RICL is in the wholesale trading of:
a) Gold Bullion
b) Plain gold jewellery
c) Gold coins
d) Medallion

Business Verticals:^[2]
a) Stone Mining:
The company has entered the mining sector through a 100% investment in Suryam India Minecorp Limited, targeting high-silica assets with applications across interiors, exteriors, cladding, landscaping, and design elements such as monuments and décor. These materials support export potential in glass, ceramics, refractories, cosmetics, abrasives, and electronics
b) Defence:
The company is foraying in the Defence sector for dealing in electronic warfare, drone technology (UAVs), Robotics & ML besides innovation in conventional warfare weaponry.
c) Gold:
The company is in the business of gold bar sale
d) Real Estate:
The company plans for a real-estate project in Kalyan, Maharashtra, by purchasing development rights for Kalyan Marina Project

Website BSE

Market Cap ₹ 68.6 Cr.
Current Price ₹ 5.82
High / Low ₹ 8.63 / 2.82
Stock P/E 1.33
Book Value ₹ 11.6
Dividend Yield 0.00 %
ROCE 49.3 %
ROE 49.4 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.51 times its book value
Company has delivered good profit growth of 54.7% CAGR over last 5 years

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Earnings include an other income of Rs.75.7 Cr.
Company has high debtors of 211 days.
Promoter holding has decreased over last 3 years: -3.44%

* 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

Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	13.10	5.89	9.86	0.00	11.35	79.89	58.56	70.22	41.67	4.38	0.00	0.00	3.08
	10.62	4.64	10.61	5.42	8.61	77.32	56.91	64.48	38.11	3.64	0.46	1.61	1.86
Operating Profit	2.48	1.25	-0.75	-5.42	2.74	2.57	1.65	5.74	3.56	0.74	-0.46	-1.61	1.22
OPM %	18.93%	21.22%	-7.61%		24.14%	3.22%	2.82%	8.17%	8.54%	16.89%			39.61%
	0.40	0.41	0.32	-2.83	0.25	0.32	1.13	1.02	1.05	1.05	1.12	72.36	1.21
Interest	3.21	3.22	3.31	-4.84	3.36	2.67	2.68	-4.80	1.38	0.00	0.00	-1.38	0.19
Depreciation	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01
Profit before tax	-0.34	-1.57	-3.75	-3.41	-0.37	0.22	0.10	11.55	3.22	1.78	0.65	72.12	2.23
Tax %	0.00%	0.00%	0.00%	-24.34%	0.00%	0.00%	0.00%	5.63%	0.00%	0.00%	0.00%	34.36%	0.00%
	-0.34	-1.57	-3.74	-2.58	-0.38	0.21	0.09	10.90	3.22	1.78	0.66	47.34	2.23
EPS in Rs	-0.15	-0.68	-1.62	-1.12	-0.03	0.02	0.01	1.00	0.29	0.15	0.06	4.01	0.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	162	184	284	102	126	201	2	2	37	29	220	46	7
	162	183	285	102	127	209	2	3	35	31	207	44	8
Operating Profit	0	1	-1	-1	-1	-8	0	-1	3	-2	13	2	-0
OPM %	0.3%	0.4%	-0.2%	-0.8%	-0.8%	-4.0%	8%	-62%	7%	-8%	6%	4.8%	-1.5%
	0	0	3	0	1	0	0	0	1	-2	3	76	76
Interest	0	0	1	9	9	11	12	13	11	5	4	0	-1
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	0	1	1	-10	-9	-18	-11	-14	-7	-9	11	78	77
Tax %	37%	39%	55%	-28%	-30%	-17%	-31%	-42%	-45%	-9%	6%	32%
	0	0	0	-7	-6	-15	-8	-8	-4	-8	11	53	52
EPS in Rs	0.10	0.19	0.16	-3.01	-2.61	-6.60	-3.35	-3.45	-1.61	-3.57	0.99	4.49	4.41
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-13%
5 Years:	84%
3 Years:	7%
TTM:	-97%

Compounded Profit Growth
10 Years:	61%
5 Years:	55%
3 Years:	153%
TTM:	261%

Stock Price CAGR
10 Years:	5%
5 Years:	20%
3 Years:	24%
1 Year:	-22%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	49%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	23	23	23	23	23	23	23	23	23	109	118
Reserves	14	14	11	4	-2	-17	-25	-33	-37	-45	-32	19
	5	5	44	87	96	108	119	132	137	132	101	0
	10	55	145	201	221	32	31	31	41	41	47	47
Total Liabilities	52	97	224	315	339	146	149	153	165	152	225	184
	0	0	0	0	0	0	0	0	0	0	0	0
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	2
	52	97	224	315	339	146	148	153	164	152	225	183
Total Assets	52	97	224	315	339	146	149	153	165	152	225	184

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7	-2	-35	-38	-14	-10	-11	-11	-1	-2	-23	102
	-0	0	-0	-2	-1	0	0	-0	-12	7	-34	-7
	-6	0	35	41	14	10	11	12	14	-5	57	-95
Net Cash Flow	2	-2	0	2	-1	1	-0	0	-0	0	0	-0
Free Cash Flow	7	-2	-35	-38	-14	-10	-11	-11	-2	-2	-23	100
CFO/OP	1,644%	-242%	6,634%	4,835%	1,435%	121%	-6,189%	1,054%	-58%	80%	-168%	4,590%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	89	183	236	843	757	129	11,944	14,256	829	994	38	211
Inventory Days	0	2	16	213	164	110		55,255	548	545	226	911
Days Payable	22	108	186	616	645	59		29,050	420	425	60	283
Cash Conversion Cycle	66	78	66	440	275	180	11,944	40,461	957	1,114	204	839
Working Capital Days	76	72	88	345	295	169	15,681	18,689	837	991	183	682
ROCE %	1%	2%	4%	-0%	0%	-7%	0%	-1%	3%	-4%	11%	49%

Insights

In beta

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of equity shares outstanding
count

xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xxx,xxx,xxx
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
	xx	x	x	x	x	x	x	xx
xx.xx	xx.xx					xx.xx	xx.xx	xx.xx

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Number of shareholders
count

Number of permanent employees (managerial personnel)
count

Promoter and promoter group holding
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.91%	45.91%	45.91%	33.25%	38.00%	38.00%	38.00%	38.00%	42.47%	41.97%	42.47%	42.47%
	54.08%	54.09%	54.09%	66.75%	62.01%	61.99%	62.00%	61.99%	57.54%	58.03%	57.54%	57.53%
No. of Shareholders	5,906	6,058	5,885	5,787	6,368	6,957	8,231	10,172	11,845	12,229	12,496	12,628

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	45.92%	45.92%	45.92%	45.92%	45.92%	45.92%	45.91%	45.91%	38.00%	42.47%	42.47%
	54.08%	54.08%	54.08%	54.08%	54.08%	54.08%	54.08%	54.09%	62.00%	57.54%	57.53%
No. of Shareholders	1,178	1,317	1,334	1,378	1,601	4,870	5,836	5,885	8,231	12,496	12,628

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Royal India Corporation Ltd

Royal India Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports