Rajoo Engineers Ltd

Rajoo Engineers Ltd

₹ 233 0.87%
19 Apr 9:59 a.m.
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 1,435 Cr.
  • Current Price 233
  • High / Low 248 / 25.4
  • Stock P/E 68.3
  • Book Value 20.6
  • Dividend Yield 0.16 %
  • ROCE 22.7 %
  • ROE 17.8 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.2% CAGR over last 5 years

Cons

  • Stock is trading at 11.2 times its book value
  • The company has delivered a poor sales growth of 8.43% over past five years.
  • Working capital days have increased from 50.5 days to 74.4 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
18.00 33.63 36.58 71.43 31.21 53.53 59.95 52.68
17.98 30.03 33.42 64.95 28.29 46.36 52.32 43.72
Operating Profit 0.02 3.60 3.16 6.48 2.92 7.17 7.63 8.96
OPM % 0.11% 10.70% 8.64% 9.07% 9.36% 13.39% 12.73% 17.01%
1.29 1.45 0.83 0.58 1.23 1.00 1.11 0.68
Interest 0.04 0.07 0.07 0.14 0.09 0.15 0.17 0.26
Depreciation 0.84 0.86 0.87 0.90 0.87 0.86 0.90 0.91
Profit before tax 0.43 4.12 3.05 6.02 3.19 7.16 7.67 8.47
Tax % 60.47% 18.93% 18.36% 22.92% 22.88% 25.14% 25.68% 26.21%
0.18 3.34 2.50 5.39 2.46 5.37 6.09 7.08
EPS in Rs 0.03 0.54 0.41 0.88 0.40 0.87 0.99 1.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
120 115 124 161 132 99 170 190 179 197
110 104 111 138 117 92 149 168 163 171
Operating Profit 11 11 14 23 14 7 21 23 16 27
OPM % 9% 10% 11% 14% 11% 7% 12% 12% 9% 14%
0 0 1 1 1 0 1 2 3 4
Interest 0 0 1 1 2 2 1 0 0 1
Depreciation 3 3 3 3 4 4 4 4 4 4
Profit before tax 8 8 11 20 9 2 17 21 15 26
Tax % 32% 34% 36% 33% 15% 8% 29% 27% 23% 25%
5 5 7 14 8 2 12 15 11 21
EPS in Rs 0.92 0.94 1.22 2.22 1.31 0.25 1.96 2.45 1.87 3.41
Dividend Payout % 27% 26% 20% 11% 8% 0% 0% 10% 19% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 5%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 21%
TTM: 97%
Stock Price CAGR
10 Years: 44%
5 Years: 50%
3 Years: 126%
1 Year: 783%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 15%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6
Reserves 29 33 40 57 63 64 77 93 103 121
4 7 7 15 19 8 3 0 2 2
36 42 59 78 47 72 72 61 73 99
Total Liabilities 75 87 111 157 135 150 158 160 184 227
20 18 29 47 47 44 41 39 37 42
CWIP 2 6 1 2 1 2 2 3 3 5
Investments 5 2 0 2 2 1 3 17 9 12
48 61 80 106 85 104 112 102 135 168
Total Assets 75 87 111 157 135 150 158 160 184 227

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 20 5 16 -10 22 18 25 15 1
-4 -6 -5 -31 7 -6 -12 -15 -9 -11
0 -4 -1 11 -1 -14 -6 -3 -2 -3
Net Cash Flow -3 11 -2 -4 -4 3 -1 7 3 -14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 41 71 11 45 48 31 14 39 29
Inventory Days 73 78 138 224 212 437 205 174 205 320
Days Payable 66 94 118 104 91 201 87 68 68 92
Cash Conversion Cycle 64 26 91 131 166 284 149 120 176 258
Working Capital Days 35 22 40 34 105 84 52 36 41 74
ROCE % 21% 24% 33% 14% 4% 22% 22% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
65.84% 65.84% 65.84% 65.84% 65.84% 65.84% 65.84% 65.84% 66.33% 66.33% 66.49% 66.52%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.51% 0.40%
34.15% 34.15% 34.15% 34.15% 34.15% 34.15% 34.16% 34.15% 33.67% 33.67% 32.99% 33.08%
No. of Shareholders 12,40112,63313,12438,51036,91234,16732,34030,93225,94423,35423,48321,726

* 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

Concalls