Royal India Corporation Ltd
Incorporated in 1984, Royal India Corporation Ltd is in the business of selling Gold & Gold related products[1]
- Market Cap ₹ 51.9 Cr.
- Current Price ₹ 4.40
- High / Low ₹ 10.0 / 2.82
- Stock P/E 4.66
- Book Value ₹ 8.78
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.50 times its book value
Cons
- Promoter holding has decreased over last quarter: -0.50%
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Mar 2025 | |
|---|---|---|---|
| 13 | 65 | 220 | |
| 13 | 64 | 207 | |
| Operating Profit | 0 | 1 | 13 |
| OPM % | 0% | 1% | 6% |
| 0 | 0 | 3 | |
| Interest | 0 | 0 | 4 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 11 |
| Tax % | 31% | 14% | 6% |
| 0 | 1 | 11 | |
| EPS in Rs | 0.26 | 0.26 | 0.99 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
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| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 42% |
| 3 Years: | 22% |
| 1 Year: | -53% |
| Return on Equity | |
|---|---|
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| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 12 | 23 | 118 |
| Reserves | 21 | 22 | -14 |
| 28 | 29 | 8 | |
| 23 | 3 | 43 | |
| Total Liabilities | 84 | 77 | 154 |
| 0 | 0 | 1 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 7 |
| 84 | 77 | 147 | |
| Total Assets | 84 | 77 | 154 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Mar 2025 | |
|---|---|---|---|
| -26 | -2 | -23 | |
| -0 | 0 | -34 | |
| 26 | 1 | 57 | |
| Net Cash Flow | -0 | 0 | 0 |
| Free Cash Flow | -26 | -2 | -23 |
| CFO/OP | -260,800% | -209% | -168% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2010 | Mar 2011 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 336 | 51 | |
| Inventory Days | 1,147 | 231 | |
| Days Payable | 349 | 5 | |
| Cash Conversion Cycle | 1,133 | 277 | |
| Working Capital Days | 2,005 | 413 | |
| ROCE % | 1% |
Insights
In beta| Mar 2010 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Shareholders Nos. ・Standalone data |
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| Concentration of Bullion Sales in Revenue % ・Standalone data |
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| Gold Bar Sales Volume kg ・Standalone data |
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| Kalyan Marina Project Planned Area sq ft ・Standalone data |
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| Kalyan Marina Project Plot Size acres ・Standalone data |
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| Equity Shares Allotted for Expansion Nos. ・Standalone data |
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Documents
Announcements
- Closure of Trading Window 27 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Feb
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
16 Feb - Jan15–Feb13 2026 postal ballot: three special resolutions passed; Ikerath Sam appointed, Jinesh Mehta reappointed; MOA amended; 99.997% support.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Extract of unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended 31st December 2025 published in Financial Express …
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
13 Feb - Members approved director appointments and MOA amendment adding nuclear/CBRN services; resolutions passed Feb 13, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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