RACL Geartech Ltd

About

RACL Geartech Limited, formerly Raunaq Automotive Components Limited, is an India-based company, which is engaged in automotive gears and components business.

Key Points

Marquee Clients [1]
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.

See full details
  • Market Cap 530 Cr.
  • Current Price 492
  • High / Low 610 / 101
  • Stock P/E 19.7
  • Book Value 100
  • Dividend Yield 0.20 %
  • ROCE 19.9 %
  • ROE 24.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
44.57 52.88 54.20 52.82 55.96 55.81 47.74 22.66 48.45 65.24 67.26 57.17
38.06 43.99 44.03 44.16 45.50 43.63 37.94 18.48 36.27 47.84 49.99 44.25
Operating Profit 6.51 8.89 10.17 8.66 10.46 12.18 9.80 4.18 12.18 17.40 17.27 12.92
OPM % 14.61% 16.81% 18.76% 16.40% 18.69% 21.82% 20.53% 18.45% 25.14% 26.67% 25.68% 22.60%
Other Income 0.51 0.00 0.43 0.07 0.46 0.07 -0.08 0.75 1.40 0.23 1.73 0.35
Interest 1.65 1.92 1.27 1.70 1.72 1.86 3.16 1.45 2.60 2.49 1.94 2.27
Depreciation 2.07 2.10 2.18 2.33 2.33 2.44 4.18 2.73 2.81 3.36 7.51 4.08
Profit before tax 3.30 4.87 7.15 4.70 6.87 7.95 2.38 0.75 8.17 11.78 9.55 6.92
Tax % 19.70% 23.82% 74.97% 33.19% 25.76% 29.31% -31.09% -106.67% 31.46% 22.84% 23.77% 28.32%
Net Profit 2.65 3.71 1.80 3.15 5.10 5.62 3.11 1.55 5.59 9.09 7.27 4.96
EPS in Rs 2.67 3.61 1.75 3.06 4.73 5.21 2.88 1.44 5.18 8.43 6.74 4.60

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 TTM
190 212 204 238
158 170 152 178
Operating Profit 32 43 51 60
OPM % 17% 20% 25% 25%
Other Income 0 -1 4 4
Interest 6 8 8 9
Depreciation 8 11 16 18
Profit before tax 17 22 30 36
Tax % 44% 23% 22%
Net Profit 10 17 23 27
EPS in Rs 9.50 15.74 21.79 24.95
Dividend Payout % 0% 6% 5%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:31%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:75%
Stock Price CAGR
10 Years:42%
5 Years:76%
3 Years:112%
1 Year:322%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
10 11 11
Reserves 56 74 97
Borrowings 85 88 107
45 49 56
Total Liabilities 196 222 271
95 108 140
CWIP 0 0 1
Investments 0 0 0
101 114 130
Total Assets 196 222 271

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
19 33 46
-31 -26 -49
11 -7 3
Net Cash Flow -0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
Debtor Days 98 92 99
Inventory Days 206 222 254
Days Payable 123 102 168
Cash Conversion Cycle 181 213 185
Working Capital Days 132 136 141
ROCE % 20% 20%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
49.63 51.33 51.08 51.12 53.32 53.11 53.19 53.22 53.31 53.32 53.35 53.35
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.06
0.01 0.00 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.01 0.01
50.37 48.66 48.92 48.87 46.68 46.85 46.81 46.78 46.68 46.68 46.61 46.58

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