Rasandik Engineering Industries India Ltd

Rasandik Engineering Industries India Limited is engaged in manufacturing of sheet metal components for automobiles.

  • Market Cap: 23.27 Cr.
  • Current Price: 38.95
  • 52 weeks High / Low 71.00 / 31.90
  • Book Value: 174.11
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: -3.87 %
  • ROE: -3.14 %
  • Sales Growth (3Yrs): -1.13 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
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Pros:
Stock is trading at 0.22 times its book value
Debtor days have improved from 38.53 to 26.33 days.
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 0.07% over past five years.
Company has a low return on equity of 0.29% for last 3 years.
Contingent liabilities of Rs.22.57 Cr.
Promoter holding has decreased over last 3 years: -7.65%

Peer comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
60.81 60.08 61.58 58.33 64.33 63.80 80.30 65.91 53.78 48.90 39.02 8.72
53.05 53.33 56.75 50.61 57.48 57.04 76.38 59.12 55.89 47.28 41.33 8.82
Operating Profit 7.76 6.75 4.83 7.72 6.85 6.76 3.92 6.79 -2.11 1.62 -2.31 -0.10
OPM % 12.76% 11.24% 7.84% 13.24% 10.65% 10.60% 4.88% 10.30% -3.92% 3.31% -5.92% -1.15%
Other Income 0.37 0.72 3.97 0.47 1.96 0.50 4.86 0.37 0.38 0.26 0.54 0.02
Interest 4.01 3.80 4.74 3.28 3.10 3.01 3.07 2.81 2.86 2.74 2.72 2.26
Depreciation 3.17 3.08 4.46 3.34 3.46 3.53 3.72 3.27 3.29 3.29 3.27 3.27
Profit before tax 0.95 0.59 -0.40 1.57 2.25 0.72 1.99 1.08 -7.88 -4.15 -7.76 -5.61
Tax % 53.68% 55.93% 197.50% 62.42% 24.89% 70.83% 78.39% 62.96% 97.21% 27.47% 93.69% 25.85%
Net Profit 0.45 0.26 0.39 0.58 1.68 0.21 0.43 0.41 -0.22 -3.02 -0.49 -4.16
EPS in Rs 0.94 0.55 0.83 1.02 2.85 0.36 0.73 0.68 -0.37 -5.05 -0.81 -6.97
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
198 230 267 221 241 189 206 194 214 238 266 207 150
172 200 236 204 208 167 188 174 190 211 240 205 153
Operating Profit 26 30 31 17 33 22 18 20 24 27 25 2 -3
OPM % 13% 13% 11% 8% 14% 12% 9% 10% 11% 11% 10% 1% -2%
Other Income 1 1 2 1 1 1 16 9 13 5 8 4 1
Interest 14 13 16 17 16 16 15 18 20 17 13 11 11
Depreciation 11 11 12 13 13 14 14 13 14 14 14 13 13
Profit before tax 3 7 4 -13 4 -8 5 -2 4 2 7 -19 -25
Tax % 127% 28% 51% -11% 24% 27% -17% 162% -38% 17% 55% 82%
Net Profit -1 5 2 -14 3 -5 6 1 5 1 3 -3 -8
EPS in Rs 0.00 10.27 4.33 0.00 6.79 0.00 12.64 2.41 10.44 2.69 4.86 0.00 -13.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-1.08%
5 Years:0.07%
3 Years:-1.13%
TTM:-45.17%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-389.01%
Stock Price CAGR
10 Years:-4.64%
5 Years:-6.82%
3 Years:-35.28%
1 Year:-44.36%
Return on Equity
10 Years:-0.38%
5 Years:1.93%
3 Years:0.29%
Last Year:-3.14%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5 5 5 5 5 5 5 5 5 5 6 6
Reserves 24 29 31 17 20 15 20 22 73 74 101 98
Borrowings 172 147 100 98 96 102 131 138 130 115 94 81
92 104 138 163 163 151 109 80 110 102 101 70
Total Liabilities 293 285 274 283 284 273 264 244 318 296 303 255
150 152 155 170 162 159 144 132 208 209 199 186
CWIP 55 45 32 36 39 39 37 29 16 6 6 5
Investments 2 2 0 0 0 0 0 0 0 0 0 0
86 86 87 78 83 75 83 83 94 81 98 64
Total Assets 293 285 274 283 284 273 264 244 318 296 303 255

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
41 41 33 38 22 11 -11 7 25 37 10 24
-38 -9 -10 -26 -5 -4 -4 -1 -3 -5 -3 -1
-3 -32 -19 -18 -17 -4 14 -12 -22 -30 -10 -24
Net Cash Flow -0 -0 4 -5 -0 3 -0 -6 -0 2 -2 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 % 9% 10% 12% 4% 17% 7% 14% 10% 13% 9% 10% -4%
Debtor Days 40 37 36 41 39 41 34 36 39 42 47 26
Inventory Turnover 4.37 4.42 5.38 4.80 4.45 3.50 3.70 3.04 3.14 3.75 4.00 3.29

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
53.95 53.95 53.95 43.80 45.27 45.35 45.60 45.72 46.11 46.23 46.30 46.30
0.00 0.00 0.00 1.29 1.26 1.26 1.26 1.26 1.26 1.26 1.26 0.00
0.07 0.07 0.07 0.05 0.00 0.05 0.05 0.05 0.05 0.07 0.05 1.31
45.99 45.99 45.99 54.85 53.47 53.34 53.10 52.97 52.58 52.45 52.40 52.40