Ramasigns Industries Ltd

Ramasigns Industries Ltd

₹ 2.37 2.60%
25 Apr - close price
About

Incorporated in 1981, Ramasigns Industries Ltd is an OEM manufacturer and distributor of out-of-home (OOH) advertising materials.

Key Points

Product Profile:[1][2]
Company is engaged in trading of signage and digital media consumables namely Frontlit Flex, Backilt Flex, Self Adhesive Vinyl, Color Vinyl, Lamination Films, Acrylic Sheets, Wall Painting Media, Printable Fabrics, Window Films, Roll UP Films, Inkjet & Eco Solvent Medias, UV Medias, One Way Vision Films, Mesh Banner, Digital Printable Wall Papers, PP Films, Sun Board & Celuka Sheets, Plastic sheets & Rolls, Acrylic sheets, etc.

  • Market Cap 6.77 Cr.
  • Current Price 2.37
  • High / Low 3.94 / 2.00
  • Stock P/E
  • Book Value 5.72
  • Dividend Yield 0.00 %
  • ROCE 5.06 %
  • ROE 2.62 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.41 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.40%
  • The company has delivered a poor sales growth of -27.5% over past five years.
  • Promoter holding is low: 34.9%
  • Company has a low return on equity of 1.58% over last 3 years.
  • Company has high debtors of 446 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: Trading Industry: Trading

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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
11.49 11.94 4.47 10.21 10.35 9.86 7.87 6.78 5.04 5.34 3.97 3.12 1.53
10.90 10.47 4.70 9.30 9.60 11.57 7.46 6.35 5.70 5.64 4.18 3.71 2.67
Operating Profit 0.59 1.47 -0.23 0.91 0.75 -1.71 0.41 0.43 -0.66 -0.30 -0.21 -0.59 -1.14
OPM % 5.13% 12.31% -5.15% 8.91% 7.25% -17.34% 5.21% 6.34% -13.10% -5.62% -5.29% -18.91% -74.51%
0.01 0.08 0.00 -0.08 0.08 1.69 0.02 0.34 0.01 1.78 0.00 0.02 0.00
Interest 0.11 0.33 0.15 0.11 0.15 0.12 0.13 0.24 0.23 0.22 0.22 0.23 0.24
Depreciation 0.14 0.36 0.13 0.13 0.13 0.38 0.14 0.13 0.21 0.12 0.10 0.11 0.06
Profit before tax 0.35 0.86 -0.51 0.59 0.55 -0.52 0.16 0.40 -1.09 1.14 -0.53 -0.91 -1.44
Tax % 0.00% 11.63% 0.00% 3.39% 25.45% 9.62% 18.75% 25.00% -1.83% 0.00% 0.00% 1.10% 0.00%
0.36 0.77 -0.51 0.57 0.41 -0.47 0.12 0.30 -1.10 1.14 -0.53 -0.90 -1.44
EPS in Rs 0.13 0.27 -0.18 0.20 0.14 -0.16 0.04 0.11 -0.39 0.40 -0.19 -0.32 -0.50
Raw PDF

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
1.07 7.90 10.13 13.75 45.05 126.79 124.68 120.53 84.42 32.51 34.88 24.96 13.96
1.06 7.88 10.08 13.62 44.39 124.73 122.18 117.79 84.75 30.92 35.15 25.07 16.20
Operating Profit 0.01 0.02 0.05 0.13 0.66 2.06 2.50 2.74 -0.33 1.59 -0.27 -0.11 -2.24
OPM % 0.93% 0.25% 0.49% 0.95% 1.47% 1.62% 2.01% 2.27% -0.39% 4.89% -0.77% -0.44% -16.05%
0.26 0.04 0.00 0.00 0.00 0.04 0.05 0.23 2.23 0.10 1.69 2.14 1.80
Interest 0.00 0.00 0.00 0.00 0.00 0.02 0.16 0.42 0.45 0.55 0.53 0.82 0.91
Depreciation 0.00 0.00 0.00 0.00 0.01 0.09 0.16 0.21 0.74 0.78 0.78 0.60 0.39
Profit before tax 0.27 0.06 0.05 0.13 0.65 1.99 2.23 2.34 0.71 0.36 0.11 0.61 -1.74
Tax % -18.52% 50.00% 0.00% 30.77% 0.00% 31.66% 30.49% 20.94% 36.62% 27.78% 9.09% 24.59%
0.32 0.03 0.05 0.09 0.65 1.35 1.56 1.85 0.45 0.27 0.09 0.46 -1.73
EPS in Rs 0.50 0.05 0.03 0.05 0.34 0.71 0.65 0.71 0.16 0.09 0.03 0.16 -0.61
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: 12%
5 Years: -28%
3 Years: -33%
TTM: -53%
Compounded Profit Growth
10 Years: 37%
5 Years: -22%
3 Years: 1%
TTM: -50%
Stock Price CAGR
10 Years: -3%
5 Years: -20%
3 Years: 10%
1 Year: -23%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 2%
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 3.20 3.20 9.53 9.53 9.53 9.53 12.07 13.08 14.28 14.28 14.28 14.28 14.28
Reserves -8.59 -8.56 -3.46 -3.37 -2.72 -1.37 0.19 2.04 2.67 2.93 3.03 3.48 2.05
9.03 0.86 1.19 5.27 0.11 0.17 1.84 2.67 2.34 4.28 10.97 10.51 10.34
1.21 13.06 0.22 10.13 34.73 57.54 53.29 51.97 46.11 38.36 28.37 22.77 22.03
Total Liabilities 4.85 8.56 7.48 21.56 41.65 65.87 67.39 69.76 65.40 59.85 56.65 51.04 48.70
0.45 0.00 0.00 0.00 0.34 1.09 1.49 1.45 3.13 2.54 1.86 1.66 1.52
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 3.77 3.77 0.00 0.00 0.00 0.00 0.00 2.09 2.12 2.11 2.11
4.40 8.56 3.71 17.79 41.31 64.78 65.90 68.31 62.27 55.22 52.67 47.27 45.07
Total Assets 4.85 8.56 7.48 21.56 41.65 65.87 67.39 69.76 65.40 59.85 56.65 51.04 48.70

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
-6.92 -3.75 4.64 -4.09 2.51 2.40 -4.93 -0.75 0.07 4.89 -6.14 2.25
-0.05 0.49 -3.77 0.00 3.42 -0.84 -0.57 -0.28 -0.12 -2.28 -0.12 -0.41
6.96 3.21 -0.85 4.08 -5.16 0.04 4.77 1.27 -1.34 -1.91 5.73 -1.86
Net Cash Flow -0.01 -0.05 0.02 -0.01 0.76 1.60 -0.73 0.25 -1.39 0.70 -0.54 -0.01

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 365.00 209.76 112.42 365.00 222.16 121.86 126.76 147.84 189.33 422.26 387.39 445.72
Inventory Days 0.00 11.26 16.86 20.85 98.15 62.55 66.56 55.94 66.75 215.21 165.85 277.57
Days Payable 68.50 0.00 267.25 292.64 176.91 167.27 166.14 208.50 502.16 314.51 383.22
Cash Conversion Cycle 365.00 152.52 129.28 118.60 27.67 7.50 26.04 37.64 47.58 135.31 238.74 340.07
Working Capital Days 1,030.19 312.79 121.07 199.89 43.02 13.01 29.86 38.28 65.42 165.72 240.05 342.63
ROCE % 3.62% 1.39% 7.08% 26.36% 21.31% 17.56% 6.26% 4.46% 2.57% 5.06%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.71% 53.71% 53.71% 53.71% 48.43% 45.67% 45.67% 45.67% 45.67% 45.67% 40.33% 34.93%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
46.27% 46.27% 46.27% 46.27% 51.55% 54.32% 54.32% 54.31% 54.30% 54.31% 59.64% 65.05%
No. of Shareholders 7,5187,6878,2258,7509,2529,3639,5169,5159,5889,6239,75210,133

* 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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