Rasandik Engineering Industries India Ltd
Incorporated in 1986, Rasandik Engineering Industries Ltd is a manufacturer of critical engineering components for autos, household goods (HPD), etc.
- Market Cap ₹ 67.4 Cr.
- Current Price ₹ 113
- High / Low ₹ 156 / 69.4
- Stock P/E
- Book Value ₹ 169
- Dividend Yield 0.00 %
- ROCE -8.27 %
- ROE -22.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.67 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -20.2% over past five years.
- Company has a low return on equity of -11.0% over last 3 years.
- 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
241.40 | 189.28 | 205.87 | 194.06 | 213.75 | 237.81 | 265.60 | 206.57 | 136.51 | 206.00 | 149.55 | 85.99 | |
208.10 | 167.39 | 188.01 | 173.76 | 189.60 | 211.30 | 240.25 | 202.49 | 123.09 | 190.59 | 140.97 | 93.72 | |
Operating Profit | 33.30 | 21.89 | 17.86 | 20.30 | 24.15 | 26.51 | 25.35 | 4.08 | 13.42 | 15.41 | 8.58 | -7.73 |
OPM % | 13.79% | 11.56% | 8.68% | 10.46% | 11.30% | 11.15% | 9.54% | 1.98% | 9.83% | 7.48% | 5.74% | -8.99% |
0.52 | 0.65 | 16.17 | 8.71 | 13.46 | 5.38 | 7.80 | 1.55 | 2.44 | 0.74 | 4.47 | 29.96 | |
Interest | 16.23 | 15.66 | 14.70 | 17.76 | 20.10 | 16.52 | 12.57 | 11.22 | 9.95 | 11.46 | 10.68 | 9.44 |
Depreciation | 13.38 | 14.42 | 14.23 | 13.06 | 13.95 | 13.85 | 14.06 | 13.11 | 13.34 | 8.38 | 7.09 | 6.15 |
Profit before tax | 4.21 | -7.54 | 5.10 | -1.81 | 3.56 | 1.52 | 6.52 | -18.70 | -7.43 | -3.69 | -4.72 | 6.64 |
Tax % | 23.75% | -27.19% | -17.25% | -162.43% | -38.48% | 17.11% | 55.37% | -82.30% | -22.21% | -26.29% | -30.08% | -7.23% |
3.21 | -5.49 | 5.97 | 1.14 | 4.93 | 1.27 | 2.90 | -3.32 | -5.77 | -2.71 | -3.30 | 7.13 | |
EPS in Rs | 6.79 | -11.62 | 12.63 | 2.41 | 10.43 | 2.69 | 4.85 | -5.56 | -9.66 | -4.54 | -5.52 | 11.93 |
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: | -8% |
5 Years: | -20% |
3 Years: | -14% |
TTM: | -43% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -201% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 13% |
3 Years: | 10% |
1 Year: | 47% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | -8% |
3 Years: | -11% |
Last Year: | -22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.73 | 4.73 | 4.73 | 4.73 | 4.73 | 4.73 | 5.98 | 5.98 | 5.98 | 5.98 | 5.98 | 5.98 |
Reserves | 20.27 | 14.78 | 20.44 | 21.58 | 72.85 | 76.21 | 101.24 | 98.05 | 92.36 | 89.80 | 87.14 | 94.72 |
96.47 | 102.25 | 130.55 | 137.88 | 130.05 | 115.26 | 94.35 | 81.26 | 89.51 | 87.57 | 76.35 | 40.44 | |
162.68 | 151.12 | 108.67 | 80.29 | 110.35 | 99.91 | 101.13 | 70.17 | 68.89 | 67.51 | 59.50 | 46.78 | |
Total Liabilities | 284.15 | 272.88 | 264.39 | 244.48 | 317.98 | 296.11 | 302.70 | 255.46 | 256.74 | 250.86 | 228.97 | 187.92 |
162.37 | 158.68 | 143.65 | 132.50 | 207.99 | 208.63 | 198.81 | 186.50 | 174.37 | 167.30 | 145.88 | 131.02 | |
CWIP | 38.65 | 38.71 | 37.38 | 29.28 | 15.65 | 6.30 | 5.78 | 4.62 | 3.75 | 3.34 | 0.10 | 0.08 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
83.13 | 75.49 | 83.36 | 82.70 | 94.34 | 81.18 | 98.11 | 64.34 | 78.62 | 80.22 | 82.99 | 56.82 | |
Total Assets | 284.15 | 272.88 | 264.39 | 244.48 | 317.98 | 296.11 | 302.70 | 255.46 | 256.74 | 250.86 | 228.97 | 187.92 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
21.77 | 11.02 | -10.64 | 7.25 | 24.94 | 36.72 | 9.95 | 24.45 | 2.57 | 12.05 | 13.31 | 2.40 | |
-5.46 | -3.58 | -3.85 | -1.42 | -2.91 | -4.86 | -2.56 | -0.65 | -0.11 | 0.59 | 8.10 | 42.55 | |
-16.80 | -4.03 | 14.32 | -11.76 | -22.13 | -29.77 | -9.62 | -23.76 | -2.39 | -12.93 | -21.41 | -44.93 | |
Net Cash Flow | -0.49 | 3.41 | -0.17 | -5.93 | -0.10 | 2.10 | -2.23 | 0.04 | 0.06 | -0.30 | 0.00 | 0.02 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 38.69 | 40.75 | 34.13 | 36.04 | 38.88 | 41.90 | 47.37 | 26.33 | 50.70 | 29.38 | 28.46 | 26.44 |
Inventory Days | 91.49 | 105.36 | 115.45 | 130.44 | 130.49 | 91.88 | 106.75 | 105.61 | 203.07 | 128.40 | 156.65 | 179.91 |
Days Payable | 92.98 | 78.11 | 58.98 | 63.56 | 89.80 | 76.57 | 78.78 | 65.99 | 103.96 | 57.80 | 56.14 | 67.59 |
Cash Conversion Cycle | 37.20 | 68.00 | 90.60 | 102.91 | 79.58 | 57.21 | 75.34 | 65.95 | 149.80 | 99.98 | 128.97 | 138.77 |
Working Capital Days | -95.12 | -120.50 | -19.64 | 2.33 | 10.28 | 9.13 | 38.58 | 21.80 | 102.09 | 73.51 | 69.44 | 80.48 |
ROCE % | 16.94% | 6.68% | 14.25% | 9.93% | 12.76% | 8.93% | 9.54% | -3.87% | 1.35% | 4.18% | 1.15% | -8.27% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Jul
- Annual General Meeting Of The Company Is Scheduled To Be Held On July 31, 2024 At 11 AM 10 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Jul - Newspaper Publication of Notice of 40th AGM of the Company to be held on Wednesday, 31st July 2024 through VC/OVAM
- Reg. 34 (1) Annual Report. 8 Jul
- Closure of Trading Window 2 Jul
Annual reports
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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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Financial Year 2010
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Concalls
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Dec 2017TranscriptNotesPPT
Business Overview:[1][2]
Company provides engineering solutions, designing and manufacturing delivery of sheet metal components and assemblies
to automobile industry. Company manufactures sheet metal components, press tools and dies for high tensile application in Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Passenger Vehicle (PV), tractors and 2-wheeler industry, heavy fabrication for railways. At present, company has 5 divisions viz.
a) Laser Tailor-Welded Blanks
b) Home Product
c) Press Tool Engineering Solutions and Components Manufacturing
d) Electric Vehicles
e) Railway and Heavy Fabrication Division
Product Profile:
a) Tailored Welding Blanks:[3] TWB Parts viz., Shot Gun, Door Inner, Longitudinal Member, Front Tunnel, Three Piece Door
b) Engineering Solutions:[4] Hyperform Draw Analysis, Tractor Body Parts, Point Cloud Data, Surface Model, MUV Wire Frame, hood for MUV
c) Tools & Dies:[5] Skin & Inner Body Components viz. Door Outer, Bonnet Outer, Front Fender, NHTL - Panel Assy. Hood, Renault - Tractor Bonnet, Wheel Arch Inner, Body Chain Case, GM - Extension Reinforcement, G M - Sun Roof
d) BIW Parts:[6] Parts and subassemblies for body-in-white, class A surfaces and closure panels
e) Suspension Parts:[7]
Design and manufacture of structural components of suspension systems, suspension parts and sub-assemblies
f) Fuel Tanks:[8]
Company is a major supplier of fuel tanks
to Indian automobile industry
g) Exhaust Line & CNC Bending:[9] Exhaust Systems for HML - Ambassador Contessa, RTV and ITL - Sonalika Tractor
h) Scissor Jack:[10] 0.7 T, 1.0 T, 1.5T, 2.0T
i) White Goods:[11]
Air-conditioner body stampings and assemblies, refrigerator body stampings and washing machine body stampings