Rishi Laser Ltd

Rishi Laser Ltd

₹ 143 4.99%
18 Jun 10:21 a.m.
About

Incorporated in 1992, Rishi Laser Ltd is engaged in manufacturing and fabrication of sheet metal components and machines.

Key Points

Business Verticals:[1]
Company offers parts for excavating machines and manufactures steel fabrications and provides assemblies for a range of engineering industries. It is engaged in four verticals viz., construction equipment, automotive, rail transportation and power (transmission and distribution).

  • Market Cap 131 Cr.
  • Current Price 143
  • High / Low 143 / 36.0
  • Stock P/E 15.1
  • Book Value 58.7
  • Dividend Yield 0.00 %
  • ROCE 17.1 %
  • ROE 17.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 20.6% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 15.8%
  • Tax rate seems low
  • Company has a low return on equity of 10.8% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
28.18 17.74 30.49 34.88 33.68 30.29 33.91 36.13 33.74 38.75 35.36 31.42 34.58
26.04 17.83 29.29 32.77 32.01 29.04 31.98 33.08 31.13 35.40 32.29 28.94 31.65
Operating Profit 2.14 -0.09 1.20 2.11 1.67 1.25 1.93 3.05 2.61 3.35 3.07 2.48 2.93
OPM % 7.59% -0.51% 3.94% 6.05% 4.96% 4.13% 5.69% 8.44% 7.74% 8.65% 8.68% 7.89% 8.47%
1.63 0.27 0.26 0.29 1.04 0.47 0.72 0.30 0.24 0.30 0.23 0.13 0.25
Interest 0.86 0.68 0.90 0.89 1.02 0.80 0.92 0.75 0.67 0.66 0.68 0.48 0.47
Depreciation 0.79 0.75 0.72 0.76 0.74 0.73 0.74 0.69 0.68 0.65 0.65 0.65 0.54
Profit before tax 2.12 -1.25 -0.16 0.75 0.95 0.19 0.99 1.91 1.50 2.34 1.97 1.48 2.17
Tax % -1.89% 2.40% -25.00% -10.67% 16.84% -173.68% 22.22% 6.81% -22.67% 8.97% 1.52% 22.30% -60.83%
2.16 -1.22 -0.20 0.83 0.79 0.51 0.77 1.78 1.84 2.13 1.94 1.15 3.50
EPS in Rs 2.35 -1.33 -0.22 0.90 0.86 0.55 0.84 1.94 2.00 2.32 2.11 1.25 3.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
137 103 89 90 96 120 141 91 74 117 134 140
126 101 87 87 91 115 134 94 73 112 125 128
Operating Profit 11 3 2 3 5 5 7 -3 2 5 9 12
OPM % 8% 3% 2% 3% 5% 4% 5% -3% 2% 4% 7% 8%
6 0 1 0 5 3 3 7 2 2 2 1
Interest 9 7 9 6 5 4 4 3 2 3 3 2
Depreciation 9 9 8 5 4 4 4 4 4 3 3 2
Profit before tax -1 -13 -14 -8 1 -1 2 -3 -2 0 5 8
Tax % 111% 6% 7% 1% 8% 76% -96% 10% -7% 29% -7% -10%
0 -12 -13 -8 1 -0 3 -3 -2 0 5 9
EPS in Rs 0.08 -12.97 -14.04 -8.65 1.14 -0.21 3.73 -2.85 -2.40 0.22 5.34 9.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 0%
3 Years: 24%
TTM: 5%
Compounded Profit Growth
10 Years: 11%
5 Years: 21%
3 Years: 67%
TTM: 83%
Stock Price CAGR
10 Years: 24%
5 Years: 45%
3 Years: 102%
1 Year: 211%
Return on Equity
10 Years: -5%
5 Years: 1%
3 Years: 11%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 42 31 18 10 26 26 28 25 23 31 35 45
48 45 53 39 32 27 19 17 16 16 9 12
35 35 27 27 36 42 48 38 38 37 30 31
Total Liabilities 135 120 107 85 104 104 105 89 86 93 84 97
60 52 45 39 57 55 53 52 47 56 54 56
CWIP 3 3 2 2 1 0 0 0 0 0 0 0
Investments 9 9 8 2 3 2 2 1 2 5 1 3
63 55 50 41 43 46 50 36 37 33 29 37
Total Assets 135 120 107 85 104 104 105 89 86 93 84 97

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 5 7 2 8 12 5 4 2 8 5 9
-1 -1 1 1 -3 -1 -0 1 3 -7 6 -6
-20 -4 -8 -2 -7 -9 -7 -4 -3 -4 -10 0
Net Cash Flow -1 -1 0 1 -1 2 -2 1 2 -3 1 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 95 107 112 105 90 75 76 71 90 46 42 39
Inventory Days 85 115 130 76 83 66 64 78 82 57 42 52
Days Payable 123 160 145 140 192 169 165 229 259 142 110 115
Cash Conversion Cycle 58 61 96 41 -20 -27 -26 -80 -86 -40 -26 -23
Working Capital Days 42 52 57 25 -0 -19 -21 -47 -18 1 -3 4
ROCE % 3% -6% -8% -3% 7% 6% 10% -9% -2% 7% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84% 15.84%
84.16% 84.16% 84.16% 84.16% 84.16% 84.16% 84.16% 84.16% 84.15% 84.15% 84.15% 84.16%
No. of Shareholders 3,3323,3713,3393,3743,4253,8073,9183,9383,9694,0614,6995,031

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