Rishiroop Ltd

Rishiroop is engaged in manufacturing of PVC - NBR blends and trading of polymers.(Source : 201903 Annual Report Page No: 59)

Pros:
Company is virtually debt free.
Stock is trading at 0.50 times its book value
Stock is providing a good dividend yield of 3.47%.
Company has good consistent profit growth of 32.52% over 5 years
Cons:
Tax rate seems low
Company has a low return on equity of 11.83% for last 3 years.
Earnings include an other income of Rs.2.23 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Plantation & Plantation Products // Industry: Miscellaneous

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Quarterly Results Figures in Rs. Crores

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
9.45 12.04 14.99 12.09 19.60 16.30 14.72 16.42 15.75 14.69 14.24 11.53
9.16 10.83 13.56 10.05 16.27 12.13 12.52 14.13 14.75 11.97 12.92 11.00
Operating Profit 0.29 1.21 1.43 2.04 3.33 4.17 2.20 2.29 1.00 2.72 1.32 0.53
OPM % 3.07% 10.05% 9.54% 16.87% 16.99% 25.58% 14.95% 13.95% 6.35% 18.52% 9.27% 4.60%
Other Income 2.10 0.00 2.97 1.83 0.87 0.00 -1.29 0.19 0.27 0.00 1.42 0.54
Interest 0.06 0.04 0.14 0.05 0.06 0.10 0.05 0.08 0.05 0.07 0.06 0.08
Depreciation 0.13 0.13 0.39 0.14 0.14 0.14 0.21 0.12 0.12 0.12 0.08 0.13
Profit before tax 2.20 1.04 3.87 3.68 4.00 3.93 0.65 2.28 1.10 2.53 2.60 0.86
Tax % 12.27% 100.96% 4.91% 17.39% 23.00% 21.12% 192.31% -2.63% 31.82% 20.55% 15.38% 12.79%
Net Profit 1.92 -0.01 3.68 3.04 3.08 3.09 -0.59 2.34 0.75 2.01 2.21 0.75
EPS in Rs 2.81 -0.01 3.79 3.13 3.17 3.19 -0.61 2.41 0.77 2.07 2.28 0.77
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
12.42 24.45 24.77 52.10 61.50 44.02 35.55 28.47 38.36 46.70 60.28 60.65 56.21
10.83 21.44 21.26 44.88 52.40 40.48 33.03 27.04 37.33 43.06 50.95 53.77 50.64
Operating Profit 1.59 3.01 3.51 7.22 9.10 3.54 2.52 1.43 1.03 3.64 9.33 6.88 5.57
OPM % 12.80% 12.31% 14.17% 13.86% 14.80% 8.04% 7.09% 5.02% 2.69% 7.79% 15.48% 11.34% 9.91%
Other Income 0.03 0.11 0.26 0.79 0.29 0.42 0.72 0.85 2.85 6.45 3.45 2.34 2.23
Interest 0.38 0.42 0.13 0.26 0.25 0.17 0.12 0.08 0.17 0.28 0.25 0.26 0.26
Depreciation 0.38 0.25 0.26 0.31 0.35 0.34 0.34 0.43 0.61 0.78 0.63 0.45 0.45
Profit before tax 0.86 2.45 3.38 7.44 8.79 3.45 2.78 1.77 3.10 9.03 11.90 8.51 7.09
Tax % 58.14% 41.63% 27.22% 30.11% 32.42% 34.78% 28.06% 22.03% 20.65% 18.60% 32.10% 14.22%
Net Profit 0.36 1.43 2.46 5.20 5.94 2.26 2.00 1.38 2.46 7.36 8.08 7.30 5.72
EPS in Rs 0.69 2.74 4.50 9.71 11.11 4.12 3.63 2.49 4.38 7.58 8.32 7.53 5.89
Dividend Payout % 0.00% 0.00% 25.46% 15.06% 14.94% 27.72% 31.32% 30.26% 16.98% 13.18% 14.41% 15.95%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.51%
5 Years:11.28%
3 Years:16.50%
TTM:-16.15%
Compounded Profit Growth
10 Years:17.33%
5 Years:32.52%
3 Years:88.83%
TTM:-27.78%
Stock Price CAGR
10 Years:12.66%
5 Years:1.48%
3 Years:2.64%
1 Year:-43.42%
Return on Equity
10 Years:13.35%
5 Years:9.89%
3 Years:11.83%
Last Year:11.10%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
5.22 5.22 5.22 5.22 5.22 5.22 5.22 5.22 12.32 9.70 9.70 9.70
Reserves -0.66 0.77 2.49 6.78 11.68 13.20 14.47 15.10 42.59 53.44 51.05 56.91
Borrowings 3.29 0.76 0.32 0.35 0.29 0.15 0.02 0.00 0.00 0.00 0.00 0.00
4.64 2.73 6.59 11.43 13.25 7.97 7.00 4.11 15.02 14.72 11.33 9.08
Total Liabilities 12.49 9.48 14.62 23.78 30.44 26.54 26.71 24.43 62.83 77.86 72.08 75.69
2.45 2.20 2.11 2.67 2.42 2.10 2.04 3.04 8.84 8.55 8.10 1.70
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.32
Investments 0.00 0.00 1.01 1.00 3.33 7.81 8.38 9.59 34.98 44.82 34.31 39.86
10.04 7.28 11.50 20.11 24.69 16.63 16.29 11.80 19.01 24.49 29.55 33.81
Total Assets 12.49 9.48 14.62 23.78 30.44 26.54 26.71 24.43 62.83 77.86 72.08 75.69

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1.92 1.85 2.20 0.51 2.56 5.51 1.82 3.13 -0.64 1.23 0.25 6.22
-0.24 0.11 -1.10 -0.58 -2.24 -4.42 -0.15 -2.35 0.74 -0.62 13.21 -3.81
-0.06 -2.95 -0.48 -0.02 -1.00 -1.15 -0.85 -0.72 -0.48 -0.69 -13.03 -1.40
Net Cash Flow 1.62 -0.99 0.62 -0.09 -0.68 -0.06 0.82 0.06 -0.38 -0.08 0.42 1.00

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 16.51% 39.32% 47.50% 73.31% 61.14% 20.53% 13.17% 6.99% 3.48% 15.10% 18.79% 13.30%
Debtor Days 60.25 24.93 53.64 36.15 52.17 61.61 55.96 55.38 65.75 63.07 57.04 51.94
Inventory Turnover 3.35 5.95 5.32 5.81 4.80 4.37 4.98 4.77 5.71 4.49 4.44 4.41