Ritesh Properties & Industries Ltd
Ritesh Properties & Industries Ltd was incorporated in 1987, it is engaged in the development of an approved Integrated Industrial Park on the land situated at Ludhiana and engaged in the business of Trading of Fabrics, Real Estate, Shares, Derivatives, Options, Forex, commodities and other Financial instruments. Mr Sanjeev Arora is the Chairman-Cum-MD of the co. [1] [2]
- Market Cap ₹ 1,083 Cr.
- Current Price ₹ 42.1
- High / Low ₹ 58.0 / 32.2
- Stock P/E 26.3
- Book Value ₹ 4.52
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 1.00
Pros
- Promoter holding has increased by 1.41% over last quarter.
Cons
- Stock is trading at 9.32 times its book value
- Earnings include an other income of Rs.13.5 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: Textiles Industry: Textiles - Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 2 | 1 | 1 | 9 | 11 | 3 | 14 | 14 | 13 | 50 | 185 | |
| 3 | 7 | 7 | 3 | 5 | 11 | 2 | 13 | 13 | 12 | 48 | 157 | |
| Operating Profit | 9 | -5 | -5 | -2 | 4 | -0 | 1 | 0 | 1 | 1 | 2 | 28 |
| OPM % | 76% | -233% | -417% | -267% | 47% | -1% | 45% | 4% | 6% | 10% | 3% | 15% |
| -0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 13 | |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 8 | -6 | -6 | -2 | 4 | -1 | 1 | 3 | 2 | 2 | 2 | 40 |
| Tax % | 9% | -2% | -2% | 0% | 4% | -16% | 6% | 9% | 0% | 0% | 0% | -1% |
| Net Profit | 7 | -6 | -6 | -2 | 4 | -1 | 1 | 2 | 2 | 2 | 2 | 40 |
| EPS in Rs | 0.78 | -0.51 | -0.52 | -0.17 | 0.31 | -0.05 | 0.09 | 0.20 | 0.20 | 0.15 | 0.18 | 1.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 30% |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 54% |
| 5 Years: | 81% |
| 3 Years: | % |
| TTM: | % |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 52% |
| 5 Years: | 111% |
| 3 Years: | 236% |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 24 | |
| Reserves | 6 | 2 | -4 | -5 | -1 | -1 | -1 | 2 | 4 | 15 | 17 | 86 |
| 23 | 15 | 20 | 21 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 11 | |
| 4 | 8 | 9 | 10 | 31 | 56 | 55 | 41 | 30 | 27 | 31 | 68 | |
| Total Liabilities | 42 | 37 | 37 | 38 | 42 | 66 | 66 | 54 | 46 | 54 | 60 | 190 |
| 3 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 2 | 2 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 19 | 11 |
| 38 | 30 | 29 | 31 | 36 | 60 | 61 | 48 | 40 | 53 | 39 | 175 | |
| Total Assets | 42 | 37 | 37 | 38 | 42 | 66 | 66 | 54 | 46 | 54 | 60 | 190 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -7 | -10 | -4 | -0 | 6 | -4 | -1 | 8 | 7 | 3 | -3 | ||
| 0 | -3 | -1 | 1 | 1 | -5 | 1 | 3 | 2 | -0 | 18 | ||
| 18 | 4 | 3 | -0 | -7 | 10 | 0 | -10 | -11 | 0 | -16 | ||
| Net Cash Flow | 11 | -9 | -2 | 1 | -0 | 0 | 0 | 1 | -2 | 4 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 406 | 79 | 96 | 111 | 12 | 8 | 170 | 51 | 64 | 7 | 68 | 123 |
| Inventory Days | 513 | 3,751 | 2,487 | 1,846 | 1,615 | 2,041 | 1,866 | 1,717 | 555 | 126 | 252 | |
| Days Payable | 1,584 | 7,604 | 4,349 | 3,127 | 1,641 | 1,945 | 1,726 | 1,527 | 471 | 85 | 6 | |
| Cash Conversion Cycle | 406 | -992 | -3,757 | -1,750 | -1,269 | -18 | 266 | 191 | 254 | 92 | 108 | 369 |
| Working Capital Days | 723 | 3,155 | 4,629 | 5,860 | -419 | 506 | 2,068 | 255 | 114 | 15 | 37 | 287 |
| ROCE % | -14% | -20% | -3% | 20% | -2% | 15% | 11% | 10% | 9% | 8% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jan - Certificate for Compliance of Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended December 31, 2022.
- Closure of Trading Window 2 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 Dec
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Regulation 23(9) Of The SEBI (LODR) Regulations, 2015
28 Nov 2022 - Disclosure of related party transactions of Ritesh Properties and Industries Limited for the half year ended September 30, 2022.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov 2022 - Newspaper Publication of Qtrly Results as on September 30, 2022
Annual reports
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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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Journey
Co. was incorporated in 1987. It started its business in agricultural products as its main activity. The co. has since diversified its business and entered the real estate business and is engaged in the development of an approved integrated Industrial Park on the land situated at Ludhiana. In FY20, RPIL started Trading Shares, Derivatives, Options, Forex commodities and other Financial instruments. During the same period, the company has entered into partnership ventures in which it will be developing the affordable housing projects in Ludhiana and the project is already under process. [1]
Revenue
Trading in securities, derivatives and financial instruments: 57%
Textile: 42%
Real Estate Activities: 1% [2]
Merger and Amalgamation
As part of the group restructuring, the Board in September 2018, approved the Scheme of Amalgamation for the merger of three Group Companies, viz. Ritesh Spinning Mills Limited, Ritesh Impex Private Limited, H B Fibres Limited with Ritesh Properties and Industries Limited.
As a result of the implementation of this amalgamation, the four group companies have been dissolved without winding up. [1][3]
Issue of OFCD
The co. has got approval to issue 42 lakhs Unsecured Optionally Fully Convertible Debentures aggregating to Rs. ~9 crores- convertible into 42 lakh equity shares on a preferential basis. [4]
Current Real-Estate Projects:
Co. is currently engaged in the development of Hampton Homes, a part of a 40-acre township, which already has the fully functional Hampton Court Business Park.
The total built-up area of the project is 1.4 lakh sq mtr and comprises affordable housing and a commercial building. [5][6]
Acquisition
An Open Offer for the Acquisition of 26% of the expanded equity share capital of Ritesh Properties And Industries Limited from the public shareholders of the FindocFinvest Private Limited has been made. [7]