RACL Geartech Ltd
RACL Geartech Limited, formerly Raunaq Automotive Components Limited, is an India-based company, which is engaged in automotive gears and components business.
Marquee Clients #
Company manufactures high-precision products (various types of transmission gears and shafts) for the premium segment and has reputed global majors such as BMW, Kubota, Piaggio, Yamaha, KTM, BRP Rotax etc. as its key customers.
Good growth in export sales #
The export sales of the company are continuously increasing and have increased from 59 Cr in FY16 to 142 Cr in FY20 and it formed around 70% of total sales during FY20.
Future Expansion #
Company is undertaking an expansion of 50 Cr. The expansion is on account of the new orders received by the company from new customers in export market
Revenue Breakup FY20 #
Motorbike & Scooters – 47%
Tractors & Agriculture Equipment – 16%
3 Wheeler – 14%
Recreational Vehicles (ATV & RTV) – 16%
- Market Cap ₹ 212 Cr.
- Current Price ₹ 197
- High / Low ₹ 220 / 49.1
- Stock P/E 13.5
- Book Value ₹ 85.3
- Dividend Yield 0.51 %
- ROCE 19.6 %
- ROE 23.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 38.10% CAGR over last 5 years
Cons
- No cons found. Suggest something.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
35.69 | 42.22 | 38.31 | 44.57 | 52.88 | 54.20 | 52.82 | 55.96 | 55.81 | 47.74 | 22.66 | 48.45 | |
32.55 | 35.99 | 33.19 | 38.06 | 43.99 | 44.03 | 44.13 | 45.41 | 43.66 | 38.03 | 18.51 | 36.31 | |
Operating Profit | 3.14 | 6.23 | 5.12 | 6.51 | 8.89 | 10.17 | 8.69 | 10.55 | 12.15 | 9.71 | 4.15 | 12.14 |
OPM % | 8.80% | 14.76% | 13.36% | 14.61% | 16.81% | 18.76% | 16.45% | 18.85% | 21.77% | 20.34% | 18.31% | 25.06% |
Other Income | 2.46 | 0.17 | 0.07 | 0.51 | 0.00 | 0.43 | 0.07 | 0.40 | 0.07 | -0.02 | 0.75 | 1.40 |
Interest | 1.71 | 1.28 | 1.53 | 1.65 | 1.92 | 1.27 | 1.70 | 1.72 | 1.86 | 3.16 | 1.45 | 2.59 |
Depreciation | 1.50 | 1.25 | 1.65 | 2.07 | 2.10 | 2.18 | 2.33 | 2.33 | 2.44 | 4.18 | 2.73 | 2.81 |
Profit before tax | 2.39 | 3.87 | 2.01 | 3.30 | 4.87 | 7.15 | 4.73 | 6.90 | 7.92 | 2.35 | 0.72 | 8.14 |
Tax % | 30.13% | -16.80% | 19.90% | 19.70% | 23.82% | 74.97% | 32.98% | 25.65% | 29.42% | -31.49% | -111.11% | 31.57% |
Net Profit | 1.67 | 4.52 | 1.61 | 2.65 | 3.71 | 1.80 | 3.18 | 5.13 | 5.59 | 3.09 | 1.51 | 5.56 |
EPS in Rs | 1.68 | 4.55 | 1.62 | 2.67 | 3.61 | 1.75 | 3.09 | 4.76 | 5.18 | 2.87 | 1.40 | 5.16 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
57 | 64 | 82 | 98 | 95 | 104 | 107 | 117 | 116 | 136 | 190 | 212 | 175 | |
52 | 57 | 73 | 88 | 85 | 90 | 92 | 103 | 101 | 118 | 158 | 170 | 137 | |
Operating Profit | 5 | 7 | 9 | 10 | 10 | 14 | 16 | 15 | 15 | 18 | 32 | 43 | 38 |
OPM % | 9% | 12% | 11% | 10% | 10% | 13% | 15% | 13% | 13% | 13% | 17% | 20% | 22% |
Other Income | 1 | 1 | 1 | 2 | 2 | 0 | 0 | 0 | 1 | 1 | 0 | -1 | 2 |
Interest | 2 | 2 | 3 | 5 | 6 | 6 | 7 | 6 | 5 | 6 | 6 | 8 | 9 |
Depreciation | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 8 | 11 | 12 |
Profit before tax | 2 | 3 | 4 | 4 | 2 | 3 | 5 | 6 | 6 | 9 | 17 | 22 | 19 |
Tax % | 16% | 22% | 34% | 33% | 36% | 45% | 28% | 35% | 21% | 9% | 44% | 22% | |
Net Profit | 2 | 2 | 3 | 3 | 2 | 2 | 4 | 4 | 5 | 8 | 10 | 17 | 16 |
EPS in Rs | 1.76 | 2.09 | 3.61 | 3.73 | 5.18 | 7.92 | 9.50 | 15.75 | 14.61 | ||||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 22% |
TTM: | -19% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 38% |
3 Years: | 52% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 40% |
3 Years: | 40% |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 16% |
3 Years: | 19% |
Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 8 | 8 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | |
Reserves | 4 | 6 | 9 | 12 | 25 | 27 | 31 | 35 | 38 | 45 | 56 | 74 | 81 |
Borrowings | 18 | 21 | 21 | 35 | 39 | 39 | 37 | 30 | 54 | 66 | 85 | 88 | 77 |
11 | 17 | 28 | 24 | 32 | 36 | 34 | 32 | 30 | 36 | 45 | 49 | 56 | |
Total Liabilities | 40 | 51 | 65 | 80 | 104 | 111 | 111 | 107 | 131 | 157 | 196 | 222 | 225 |
21 | 29 | 34 | 43 | 52 | 62 | 60 | 62 | 64 | 72 | 95 | 108 | 105 | |
CWIP | 0 | 2 | 0 | 1 | 5 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
19 | 21 | 31 | 37 | 47 | 48 | 51 | 45 | 67 | 85 | 101 | 114 | 118 | |
Total Assets | 40 | 51 | 65 | 80 | 104 | 111 | 111 | 107 | 131 | 157 | 196 | 222 | 225 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 8 | 6 | -0 | -4 | 6 | 4 | 10 | 9 | 5 | 19 | 33 | |
-6 | -12 | -10 | -12 | -7 | -10 | -2 | -7 | -5 | -13 | -31 | -26 | |
5 | 3 | 4 | 12 | 11 | 4 | -2 | -3 | -4 | 7 | 11 | -7 | |
Net Cash Flow | -0 | -0 | 0 | 0 | 0 | 1 | 0 | 0 | -0 | -1 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 18% | 18% | 20% | 19% | 13% | 13% | 15% | 15% | 13% | 13% | 18% | 20% |
Debtor Days | 44 | 41 | 40 | 46 | 68 | 55 | 58 | 27 | 98 | 109 | 98 | 92 |
Inventory Turnover | 3.94 | 3.50 | 3.51 | 3.43 | 2.79 | 2.59 | 2.25 | 2.16 | 1.99 | 2.00 | 2.26 | 2.11 |
Documents
Add documentRecent announcements
- Clarification On Price Movement 1d
- Clarification sought from RACL Geartech Ltd 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jan
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 Jan
View all