Royal India Corporation Ltd
Incorporated in 1984, Royal India Corporation Ltd is in the business of selling Gold & Gold related products[1]
- Market Cap ₹ 78.9 Cr.
- Current Price ₹ 7.21
- High / Low ₹ 38.2 / 5.81
- Stock P/E 132
- Book Value ₹ 19.6
- Dividend Yield 0.00 %
- ROCE 1.03 %
- ROE 1.53 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.37 times its book value
- Debtor days have improved from 194 to 51.5 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 38.0%
- Contingent liabilities of Rs.35.4 Cr.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -7.92%
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | |
|---|---|---|
| 13.06 | 65.04 | |
| 13.05 | 64.30 | |
| Operating Profit | 0.01 | 0.74 |
| OPM % | 0.08% | 1.14% |
| 0.50 | -0.00 | |
| Interest | 0.02 | -0.00 |
| Depreciation | 0.04 | 0.04 |
| Profit before tax | 0.45 | 0.70 |
| Tax % | 31.11% | 14.29% |
| 0.31 | 0.60 | |
| EPS in Rs | 0.26 | 0.26 |
| Dividend Payout % | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 398% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 51% |
| 3 Years: | 34% |
| 1 Year: | -81% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | |
|---|---|---|
| Equity Capital | 11.80 | 23.08 |
| Reserves | 21.49 | 22.09 |
| 27.50 | 28.77 | |
| 23.43 | 3.36 | |
| Total Liabilities | 84.22 | 77.30 |
| 0.34 | 0.37 | |
| CWIP | -0.00 | -0.00 |
| Investments | 0.13 | -0.00 |
| 83.75 | 76.93 | |
| Total Assets | 84.22 | 77.30 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | |
|---|---|---|
| -26.13 | -1.55 | |
| -0.04 | 0.45 | |
| 26.07 | 1.21 | |
| Net Cash Flow | -0.10 | 0.11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | |
|---|---|---|
| Debtor Days | 335.65 | 51.46 |
| Inventory Days | 1,147.10 | 230.63 |
| Days Payable | 349.46 | 4.91 |
| Cash Conversion Cycle | 1,133.29 | 277.18 |
| Working Capital Days | 2,005.26 | 412.98 |
| ROCE % | 1.03% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 30 Sep
-
Outcome Of The Meeting Of The Allotment Committee Held On September 26Th, 2025
26 Sep - Allotment of 8,500,000 equity shares to India Corporation Limited on Sep 26, 2025 at Rs.10 each.
- Closure of Trading Window 23 Sep
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
8 Sep - 41st AGM (05-09-2025): all five resolutions passed; 45,218,102 votes (99.98%) in favour.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 5 Sep
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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