Rishiroop Ltd

Rishiroop Ltd

₹ 136 -0.51%
29 Nov - close price
About

Incorporated in 1984, Rishiroop Ltd deals
in manufacturing of PVC – NBR blends and trading of polymers[1]

Key Points

Business Overview:[1][2]
Company is a merged entity of Puneet Resins
Ltd. and Rishiroop Rubber (International) Ltd.
It manufactures and exports both Chlorinated Rubber (brand name Chlorub) and Acrylonitrile Butadiene Rubber (NBR) and Poly-vinyl Chloride (PVC) polymer blends (NBR / PVC Blends – sold under brands Vinoprene & Vinoplast).

Company manufactures polymer blends consumed mainly by the medium and small-scale sector which accounts for over 50% of the production of rubber goods in non-tire industrial products. It also sells other complimentary products sourced from abroad.

  • Market Cap 132 Cr.
  • Current Price 136
  • High / Low 144 / 85.0
  • Stock P/E 8.82
  • Book Value 114
  • Dividend Yield 1.10 %
  • ROCE 11.4 %
  • ROE 8.35 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.20 times its book value

Cons

  • Company has a low return on equity of 14.0% over last 3 years.
  • Earnings include an other income of Rs.11.6 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
12.50 19.06 19.16 16.75 19.61 23.53 24.50 25.14 23.50 19.73 20.33 17.18 19.72
11.69 16.04 15.90 12.58 16.41 20.42 21.84 25.82 20.92 17.82 18.00 15.78 17.97
Operating Profit 0.81 3.02 3.26 4.17 3.20 3.11 2.66 -0.68 2.58 1.91 2.33 1.40 1.75
OPM % 6.48% 15.84% 17.01% 24.90% 16.32% 13.22% 10.86% -2.70% 10.98% 9.68% 11.46% 8.15% 8.87%
2.00 4.06 23.71 4.13 4.56 1.35 -0.92 0.17 4.44 1.52 -0.42 6.35 4.14
Interest 0.04 0.07 0.08 0.03 0.06 0.03 0.10 0.04 0.05 0.05 0.04 0.04 0.04
Depreciation 0.12 0.12 0.12 0.11 0.17 0.23 0.23 0.20 0.20 0.20 0.20 0.16 0.16
Profit before tax 2.65 6.89 26.77 8.16 7.53 4.20 1.41 -0.75 6.77 3.18 1.67 7.55 5.69
Tax % 18.49% 18.14% 24.43% 18.26% 17.66% 22.86% 48.94% -57.33% 17.73% 22.64% 26.35% 10.60% 20.74%
2.17 5.65 20.23 6.68 6.20 3.25 0.72 -1.18 5.58 2.46 1.24 6.75 4.50
EPS in Rs 2.24 5.82 20.85 6.89 6.39 3.35 0.74 -1.22 5.75 2.54 1.28 6.96 4.64
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
62 44 36 28 38 47 60 61 41 55 84 89 77
52 40 33 27 37 43 51 54 44 48 71 83 70
Operating Profit 9 4 3 1 1 4 9 7 -3 7 13 6 7
OPM % 15% 8% 7% 5% 3% 8% 15% 11% -8% 12% 16% 7% 10%
0 0 1 1 3 6 3 2 1 33 9 6 12
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 1 1 1 0 1 0 1 1 1
Profit before tax 9 3 3 2 3 9 12 9 -3 38 21 11 18
Tax % 32% 35% 28% 22% 21% 19% 32% 14% 14% 22% 21% 26%
6 2 2 1 2 7 8 7 -3 30 17 8 15
EPS in Rs 11.39 4.33 3.83 2.65 4.72 7.59 8.33 7.52 -2.93 30.92 17.37 8.35 15.42
Dividend Payout % 15% 28% 31% 30% 17% 13% 14% 16% -34% 20% 8% 17%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 30%
TTM: -20%
Compounded Profit Growth
10 Years: 13%
5 Years: 1%
3 Years: 67%
TTM: 79%
Stock Price CAGR
10 Years: 22%
5 Years: 24%
3 Years: 27%
1 Year: 23%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 14%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

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 5 5 5 5 5 10 10 10 10 10 9 9 9
Reserves 12 13 14 15 43 53 51 57 52 77 85 91 101
Preference Capital 0 0 0 0 7 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0
13 8 7 4 15 14 11 9 9 8 15 14 13
Total Liabilities 30 27 27 24 63 77 72 76 71 94 109 114 123
2 2 2 3 9 9 8 2 2 1 3 2 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 3 8 8 10 35 45 34 39 35 57 70 84 95
25 17 16 12 19 24 29 35 33 35 36 28 26
Total Assets 30 27 27 24 63 77 72 76 71 94 109 114 123

Cash Flows

Figures in Rs. Crores

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 6 2 3 -1 1 0 6 2 -11 16 14
-2 -4 -0 -2 1 -1 13 -4 -1 16 -6 -12
-1 -1 -1 -1 -0 -1 -13 -1 -3 -5 -10 -2
Net Cash Flow -1 -0 1 0 -0 -0 0 1 -1 -0 1 -0

Ratios

Figures in Rs. Crores

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 52 62 56 55 66 63 57 52 78 76 66 53
Inventory Days 98 69 91 74 101 120 123 95 126 151 94 54
Days Payable 83 61 66 40 68 94 74 60 88 50 69 52
Cash Conversion Cycle 68 70 81 89 99 88 106 87 116 176 91 55
Working Capital Days 64 66 82 78 88 67 105 96 128 168 85 161
ROCE % 61% 21% 13% 7% 3% 15% 19% 13% -5% 21% 23%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
72.42% 72.46% 72.46% 72.46% 73.17% 73.17% 73.31% 73.32% 73.32% 73.32% 73.32% 73.32%
0.00% 0.00% 0.00% 0.00% 0.14% 0.27% 0.27% 0.27% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
27.57% 27.53% 27.53% 27.53% 26.68% 26.55% 26.40% 26.40% 26.68% 26.68% 26.67% 26.67%
No. of Shareholders 3,1173,2064,2945,3324,3814,9825,0994,9644,9314,8424,6914,519

* 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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