Rasandik Engineering Industries India Ltd

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Rasandik Engg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Rasandik Engineering Industries India Ltd

₹ 56.2 -4.81%
23 Sep - close price
rasandik.com BSE: 522207
About

Incorporated in 1986, Rasandik Engineering Industries India Ltd manufactures sheet metal components and electric 3 wheelers (L-5).[1]

Key Points

Business Overview:[1][2]
REIIL provides engineering solutions specializing in the design and manufacturing of sheet metal components and assemblies for the automobile industry, including dead axles, suspension parts, skin panels, fuel tanks, and motorcycle frames. The company has also developed multiple electric three-wheeler (E-Auto) models under its own brand, Samrat, establishing itself as an OEM in the EV space. Going forward, REIIL's primary focus is on accelerating the growth of its electric vehicle business, particularly in the Three-Wheeler (L-5) category.

Website BSE
  • Market Cap ₹ 33.6 Cr.
  • Current Price ₹ 56.2
  • High / Low ₹ 92.4 / 47.0
  • Stock P/E 5.29
  • Book Value ₹ 73.3
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 20.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.77 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
176 189 211 249
160 163 182 216
Operating Profit 15 25 28 33
OPM % 9% 13% 13% 13%
1 4 1 1
Interest 5 8 15 13
Depreciation 6 9 11 12
Profit before tax 5 12 4 9
Tax % 40% 48% 91% 28%
3 6 0 6
EPS in Rs 6.90 12.61 0.76 13.38
Dividend Payout % 15% 12% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 1664%
Stock Price CAGR
10 Years: 0%
5 Years: -6%
3 Years: -14%
1 Year: -38%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
Equity Capital 5 5 5 5
Reserves 20 25 24 30
122 158 178 152
59 68 95 109
Total Liabilities 206 256 302 296
88 134 158 159
CWIP 49 43 55 45
Investments 0 0 0 0
69 78 89 92
Total Assets 206 256 302 296

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
7 18 43 44
-58 -49 -37 -10
56 29 -6 -35
Net Cash Flow 4 -2 -0 -0
Free Cash Flow -52 -31 5 34
CFO/OP 53% 77% 153% 141%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
Debtor Days 52 44 43 39
Inventory Days 62 81 98 83
Days Payable 125 135 150 138
Cash Conversion Cycle -11 -11 -9 -15
Working Capital Days 20 32 5 -9
ROCE % 12% 9% 11%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Sheet Metal Components
MT

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Installed Capacity - Tailor Welded Blanks
MT
Number of Operational Plants
count
Permanent Employees on Rolls
count
Maruti Suzuki (MSIL) Share of Revenue
%
Sheet Metal Revenue Share
%
Tailor Welded Blanks (TWB) Revenue Share
%
Top 5 Customer Share of Sales
%

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10% 53.10%
1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.00%
45.74% 45.75% 45.75% 45.73% 45.74% 45.75% 45.74% 45.75% 45.74% 45.74% 45.74% 45.80%
No. of Shareholders 5,0885,1355,1835,2025,2625,2875,2145,2515,3795,3385,2915,239

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Credit ratings

Concalls

  • Dec 2017
    Transcript
    AI Summary
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