Rajoo Engineers Ltd

Rajoo Engineers Ltd

₹ 204 -2.54%
23 Feb - close price
About

Rajoo Engineers Limited was incorporated in 1986 and is promoted by Mr. C.N. Doshi and Mr. R.N. Doshi. It manufactures plastic-extrusion machinery in Gujarat. The company designs and manufactures machines and offers customised solutions as per customer's requirement.
The head office of the co. is in Gujarat.[1]

Key Points

Products & Platforms
Mono & Multilayer Blown Film Lines: Foilextm, etc.
Mono & Multilayer Extrusion Coating & Lamination Line: Lamextm
Cross Lamination Film Line: Multifoil -X, etc. [1]

  • Market Cap 1,252 Cr.
  • Current Price 204
  • High / Low 248 / 23.8
  • Stock P/E 69.2
  • Book Value 17.6
  • Dividend Yield 0.17 %
  • ROCE 12.5 %
  • ROE 9.45 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 41.0 days to 32.0 days

Cons

  • Stock is trading at 11.6 times its book value
  • Company has a low return on equity of 13.3% over last 3 years.
  • Debtor days have increased from 25.0 to 37.7 days.

* 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: Engineering Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
42.16 56.10 32.93 36.99 42.43 59.89 18.00 33.63 36.58 71.43 31.21 53.53 60.00
36.77 50.06 30.92 31.76 37.03 51.58 17.40 30.04 33.42 64.94 28.29 46.36 52.38
Operating Profit 5.39 6.04 2.01 5.23 5.40 8.31 0.60 3.59 3.16 6.49 2.92 7.17 7.62
OPM % 12.78% 10.77% 6.10% 14.14% 12.73% 13.88% 3.33% 10.67% 8.64% 9.09% 9.36% 13.39% 12.70%
0.33 0.17 0.46 0.39 0.34 1.52 1.29 0.44 0.64 0.57 1.23 0.92 1.12
Interest 0.23 0.17 0.10 0.11 0.07 0.05 0.04 0.07 0.07 0.14 0.09 0.15 0.17
Depreciation 0.86 0.84 0.85 0.87 0.87 0.84 0.84 0.86 0.87 0.90 0.87 0.86 0.90
Profit before tax 4.63 5.20 1.52 4.64 4.80 8.94 1.01 3.10 2.86 6.02 3.19 7.08 7.67
Tax % 28.73% 35.58% 30.26% 27.80% 31.46% 20.47% 25.74% 25.16% 19.58% 22.92% 22.88% 25.42% 25.68%
3.30 3.35 1.06 3.35 3.29 7.10 0.75 2.32 2.31 4.64 2.46 5.29 5.71
EPS in Rs 0.54 0.54 0.17 0.54 0.53 1.15 0.12 0.38 0.38 0.75 0.40 0.86 0.93
Raw PDF

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
79 91 101 117 107 111 145 122 93 152 172 160 216
72 85 93 106 97 99 124 108 86 134 151 146 192
Operating Profit 7 5 8 11 10 12 21 14 7 19 21 14 24
OPM % 9% 6% 7% 9% 9% 11% 15% 12% 8% 12% 12% 9% 11%
0 0 0 0 0 1 1 1 0 1 3 3 4
Interest 2 1 1 0 0 1 1 2 2 1 0 0 1
Depreciation 2 2 2 3 3 2 3 4 4 3 3 3 4
Profit before tax 4 3 5 8 7 10 18 9 2 15 20 13 24
Tax % 31% 33% 33% 32% 35% 36% 34% 15% 9% 30% 26% 23%
3 2 3 5 5 6 12 8 1 10 15 10 18
EPS in Rs 0.76 0.46 0.60 0.90 0.79 1.08 1.96 1.28 0.24 1.69 2.41 1.63 2.94
Dividend Payout % 37% 30% 34% 28% 32% 23% 13% 8% 0% 0% 10% 21%
Compounded Sales Growth
10 Years: 6%
5 Years: 2%
3 Years: 20%
TTM: 46%
Compounded Profit Growth
10 Years: 18%
5 Years: -5%
3 Years: 84%
TTM: 45%
Stock Price CAGR
10 Years: 42%
5 Years: 47%
3 Years: 106%
1 Year: 668%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 13%
Last Year: 9%

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 4 6 6 6 6 6 6 6 6 6 6 6
Reserves 22 23 25 28 31 38 54 60 61 72 88 96 102
18 19 0 4 7 7 15 19 8 3 0 2 3
25 17 44 35 34 55 74 42 65 64 54 70 101
Total Liabilities 68 62 74 74 78 105 149 127 141 146 148 174 211
17 17 20 20 18 29 47 47 43 41 38 36 40
CWIP 0 0 0 2 6 1 2 1 2 2 3 3 0
Investments 1 1 6 7 3 2 2 2 2 2 13 11 12
51 45 48 45 50 73 98 77 94 102 94 125 160
Total Assets 68 62 74 74 78 105 149 127 141 146 148 174 211

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
-3 1 14 2 17 8 14 -9 22 15 22 19
-0 -1 -7 -4 -6 -7 -30 7 -6 -10 -12 -13
4 -5 -4 0 -4 -1 11 -1 -14 -6 -3 -2
Net Cash Flow 0 -4 2 -2 8 1 -4 -3 3 -0 7 3

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 35 30 36 59 44 79 9 47 46 27 10 38
Inventory Days 212 166 123 72 63 136 240 207 429 214 182 209
Days Payable 147 67 93 68 83 133 115 99 214 90 68 74
Cash Conversion Cycle 101 130 66 62 24 82 133 155 261 152 124 173
Working Capital Days 96 115 13 34 31 36 31 104 78 52 39 32
ROCE % 14% 9% 15% 23% 19% 23% 31% 14% 5% 20% 23% 12%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.80% 65.84% 65.84% 65.84% 65.84% 65.84% 65.84% 65.84% 65.84% 66.33% 66.33% 66.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.51%
34.19% 34.15% 34.15% 34.15% 34.15% 34.15% 34.15% 34.16% 34.15% 33.67% 33.67% 32.99%
No. of Shareholders 11,56112,40112,63313,12438,51036,91234,16732,34030,93225,94423,35423,483

* 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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