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 ₹ 56.4 Cr.
- Current Price ₹ 94.4
- High / Low ₹ 156 / 62.1
- Stock P/E
- Book Value ₹ 157
- Dividend Yield 0.00 %
- ROCE 1.19 %
- ROE -7.67 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.61 times its book value
- Debtor days have improved from 36.2 to 28.5 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -8.86% over past five years.
- Company has a low return on equity of -5.38% over last 3 years.
- Earnings include an other income of Rs.10.8 Cr.
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
220.99 | 241.40 | 189.28 | 205.87 | 194.06 | 213.75 | 237.81 | 265.60 | 206.57 | 136.51 | 206.00 | 149.55 | 94.03 | |
204.00 | 208.10 | 167.39 | 188.01 | 173.76 | 189.60 | 211.30 | 240.25 | 202.49 | 123.09 | 190.59 | 140.89 | 98.84 | |
Operating Profit | 16.99 | 33.30 | 21.89 | 17.86 | 20.30 | 24.15 | 26.51 | 25.35 | 4.08 | 13.42 | 15.41 | 8.66 | -4.81 |
OPM % | 7.69% | 13.79% | 11.56% | 8.68% | 10.46% | 11.30% | 11.15% | 9.54% | 1.98% | 9.83% | 7.48% | 5.79% | -5.12% |
0.68 | 0.52 | 0.65 | 16.17 | 8.71 | 13.46 | 5.38 | 7.80 | 1.55 | 2.44 | 0.74 | 4.47 | 10.76 | |
Interest | 17.46 | 16.23 | 15.66 | 14.70 | 17.76 | 20.10 | 16.52 | 12.57 | 11.22 | 9.95 | 11.46 | 10.76 | 10.74 |
Depreciation | 12.73 | 13.38 | 14.42 | 14.23 | 13.06 | 13.95 | 13.85 | 14.06 | 13.11 | 13.34 | 8.38 | 7.09 | 6.74 |
Profit before tax | -12.52 | 4.21 | -7.54 | 5.10 | -1.81 | 3.56 | 1.52 | 6.52 | -18.70 | -7.43 | -3.69 | -4.72 | -11.53 |
Tax % | -10.70% | 23.75% | 27.19% | -17.25% | 162.43% | -38.48% | 17.11% | 55.37% | 82.30% | 22.21% | 26.29% | 30.08% | |
-13.86 | 3.21 | -5.49 | 5.97 | 1.14 | 4.93 | 1.27 | 2.90 | -3.32 | -5.77 | -2.71 | -3.30 | -9.25 | |
EPS in Rs | -29.33 | 6.79 | -11.62 | 12.63 | 2.41 | 10.43 | 2.69 | 4.85 | -5.56 | -9.66 | -4.54 | -5.52 | -15.48 |
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: | -5% |
5 Years: | -9% |
3 Years: | -10% |
TTM: | -48% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -2014% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | -3% |
3 Years: | 7% |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -3% |
3 Years: | -5% |
Last Year: | -8% |
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 | 4.73 | 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 | 17.06 | 20.27 | 14.78 | 20.44 | 21.58 | 72.85 | 76.21 | 101.24 | 98.05 | 92.36 | 89.80 | 87.14 | 87.94 |
98.19 | 96.47 | 102.25 | 130.55 | 137.88 | 130.05 | 115.26 | 94.35 | 81.26 | 89.51 | 87.57 | 76.35 | 60.36 | |
163.47 | 162.68 | 151.12 | 108.67 | 80.29 | 110.35 | 99.91 | 101.13 | 70.17 | 68.89 | 67.51 | 59.50 | 55.96 | |
Total Liabilities | 283.45 | 284.15 | 272.88 | 264.39 | 244.48 | 317.98 | 296.11 | 302.70 | 255.46 | 256.74 | 250.86 | 228.97 | 210.24 |
169.62 | 162.37 | 158.68 | 143.65 | 132.50 | 207.99 | 208.63 | 198.81 | 186.50 | 174.37 | 167.30 | 145.88 | 141.71 | |
CWIP | 35.67 | 38.65 | 38.71 | 37.38 | 29.28 | 15.65 | 6.30 | 5.78 | 4.62 | 3.75 | 3.34 | 0.10 | 0.01 |
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 | 0.00 |
78.16 | 83.13 | 75.49 | 83.36 | 82.70 | 94.34 | 81.18 | 98.11 | 64.34 | 78.62 | 80.22 | 82.99 | 68.52 | |
Total Assets | 283.45 | 284.15 | 272.88 | 264.39 | 244.48 | 317.98 | 296.11 | 302.70 | 255.46 | 256.74 | 250.86 | 228.97 | 210.24 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38.22 | 21.77 | 11.02 | -10.64 | 7.25 | 24.94 | 36.72 | 9.95 | 24.45 | 2.57 | 12.05 | 13.31 | |
-25.59 | -5.46 | -3.58 | -3.85 | -1.42 | -2.91 | -4.86 | -2.56 | -0.65 | -0.11 | 0.59 | 8.10 | |
-17.60 | -16.80 | -4.03 | 14.32 | -11.76 | -22.13 | -29.77 | -9.62 | -23.76 | -2.39 | -12.93 | -21.41 | |
Net Cash Flow | -4.97 | -0.49 | 3.41 | -0.17 | -5.93 | -0.10 | 2.10 | -2.23 | 0.04 | 0.06 | -0.30 | 0.00 |
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 | 40.58 | 38.69 | 40.75 | 34.13 | 36.04 | 38.88 | 41.90 | 47.37 | 26.33 | 50.70 | 29.38 | 28.46 |
Inventory Days | 84.07 | 91.49 | 105.36 | 115.45 | 130.44 | 130.49 | 91.88 | 106.75 | 105.61 | 203.07 | 128.40 | 156.65 |
Days Payable | 110.18 | 92.98 | 78.11 | 58.98 | 63.56 | 89.80 | 76.57 | 78.78 | 65.99 | 103.96 | 57.80 | 56.14 |
Cash Conversion Cycle | 14.46 | 37.20 | 68.00 | 90.60 | 102.91 | 79.58 | 57.21 | 75.34 | 65.95 | 149.80 | 99.98 | 128.97 |
Working Capital Days | -114.94 | -95.12 | -120.50 | -19.64 | 2.33 | 10.28 | 9.13 | 38.58 | 21.80 | 102.09 | 73.51 | 69.44 |
ROCE % | 3.88% | 16.94% | 6.68% | 14.25% | 9.93% | 12.76% | 8.93% | 9.54% | -3.87% | 1.35% | 4.18% | 1.19% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - Compliance Certificate under Reg 74(5) of SEBI(DP) Regulations, 2018 for the quarter ended 31/03/2024
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Compliance Certificate For The Year Ended 31.03.2024
12 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the year ended 31/03/2024
- Rasandik Engineering Industries India Limited Executed Sale Deed On 28-03-2024 And Sold Its Idle Assets I.E., Industrial Plot No. 13 (Land And Building), Situated At Roj-Ka-Meo Industrial Area, District-Nuh, Haryana -122103 29 Mar
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Submission of Newspaper Advertisement-Publication of Un-Audited Financial Results for the Quarter/ Nine Months ended 31-12-2023
- Un-Audited Financial Results For The Quarter/Nine Months Ended 31-12-2023 13 Feb
Annual reports
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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