RTS Power Corporation Ltd

RTS Power Corporation Ltd

₹ 210 -1.36%
21 Jun - close price
About

Incorporated in 1971, RTS Power Corporation
Ltd does manufacturing and selling of Power & Distribution Transformers, Cables, indispensable equipment for generation, transmission and distribution of electricity and generation,
supply and sales of Wind Power[1]

Key Points

Business Overview:[1][2][3]
RPCL is the flagship company of the Bhutoria group. It is in the business of manufacturing, marketing and providing power-conversion and power quality solutions through manufacturing of Extra High Voltage Power, Distribution transformers, Dry-type Transformers, Cables and Conductors of various capacities, and Galvanised Iron Wire & Strips.
Company is positioned as a Multi-Locational and Multi-Product Company in the Electrical Equipment Sector. It has an advantage of low- cost sourcing at its North India operations and provides last mile support to its customers on a Pan-North and East India basis via its plants in East and North India

  • Market Cap 192 Cr.
  • Current Price 210
  • High / Low 294 / 109
  • Stock P/E 43.4
  • Book Value 162
  • Dividend Yield 0.00 %
  • ROCE 5.23 %
  • ROE 3.03 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -25.6% over past five years.
  • Company has a low return on equity of 4.24% over last 3 years.
  • Earnings include an other income of Rs.6.47 Cr.
  • Company has high debtors of 155 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.

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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
14.31 3.48 9.47 11.80 8.24 6.98 16.22 19.26 26.16 7.54 7.41 15.09 27.42
13.99 3.28 6.59 11.97 9.25 6.12 11.52 13.69 24.13 6.87 6.94 13.70 25.88
Operating Profit 0.32 0.20 2.88 -0.17 -1.01 0.86 4.70 5.57 2.03 0.67 0.47 1.39 1.54
OPM % 2.24% 5.75% 30.41% -1.44% -12.26% 12.32% 28.98% 28.92% 7.76% 8.89% 6.34% 9.21% 5.62%
2.16 2.02 2.93 1.56 2.09 0.83 1.65 1.54 0.87 2.09 1.79 1.58 1.00
Interest 0.51 0.48 0.64 0.33 0.85 0.35 0.32 0.51 0.66 0.42 0.40 0.71 0.87
Depreciation 0.39 0.57 0.59 0.58 0.45 0.55 0.57 0.51 0.40 0.50 0.50 0.50 0.41
Profit before tax 1.58 1.17 4.58 0.48 -0.22 0.79 5.46 6.09 1.84 1.84 1.36 1.76 1.26
Tax % 18.35% 35.90% 27.07% -106.25% -150.00% 21.52% 18.50% 26.60% 56.52% 16.85% 12.50% 14.20% 84.13%
1.29 0.75 3.34 1.00 -0.55 0.61 4.46 4.47 0.79 1.53 1.20 1.50 0.20
EPS in Rs 1.41 0.82 3.64 1.09 -0.60 0.67 4.86 4.88 0.86 1.67 1.31 1.64 0.22
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
102.12 142.02 170.85 142.41 120.72 213.18 251.72 112.27 60.70 32.99 68.62 57.46
94.97 131.88 158.19 136.07 112.58 198.90 234.74 104.45 57.80 31.00 55.47 53.40
Operating Profit 7.15 10.14 12.66 6.34 8.14 14.28 16.98 7.82 2.90 1.99 13.15 4.06
OPM % 7.00% 7.14% 7.41% 4.45% 6.74% 6.70% 6.75% 6.97% 4.78% 6.03% 19.16% 7.07%
0.81 0.88 1.13 5.29 2.11 2.07 7.35 0.80 6.83 8.51 4.87 6.47
Interest 9.46 9.39 11.02 7.37 6.45 8.56 14.23 2.85 2.11 2.30 1.83 2.40
Depreciation 1.57 1.48 1.53 1.57 2.02 2.03 2.13 2.50 2.28 2.19 2.03 1.90
Profit before tax -3.07 0.15 1.24 2.69 1.78 5.76 7.97 3.27 5.34 6.01 14.16 6.23
Tax % 31.92% 20.00% 50.00% 21.93% 15.73% 27.43% 30.99% -262.69% 23.03% 24.46% 30.58% 28.89%
-2.10 0.12 0.63 2.11 1.49 4.18 5.50 11.86 4.11 4.53 9.83 4.43
EPS in Rs -2.57 0.15 0.77 2.58 1.82 5.12 6.00 12.94 4.48 4.94 10.72 4.83
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -9%
5 Years: -26%
3 Years: -2%
TTM: -16%
Compounded Profit Growth
10 Years: 43%
5 Years: -4%
3 Years: 1%
TTM: -55%
Stock Price CAGR
10 Years: 21%
5 Years: 41%
3 Years: 59%
1 Year: 84%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 4%
Last Year: 3%

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 8.17 8.17 8.17 8.17 8.17 8.17 9.17 9.17 9.17 9.17 9.17 9.17
Reserves 35.69 35.81 36.44 38.55 91.30 95.99 103.98 116.18 120.16 125.10 134.81 139.24
Preference Capital 0.00 0.00 0.00 7.50 0.00 1.69 0.00 0.00 0.00 0.00 0.00
47.65 41.05 45.63 30.22 31.28 32.72 31.30 6.87 11.58 15.16 15.47 21.94
43.91 86.08 83.38 40.79 80.21 121.07 75.76 43.00 29.41 27.61 30.79 44.33
Total Liabilities 135.42 171.11 173.62 117.73 210.96 257.95 220.21 175.22 170.32 177.04 190.24 214.68
14.86 13.65 14.28 13.05 88.21 87.94 86.64 87.77 85.83 83.73 82.05 80.60
CWIP 0.00 0.85 0.00 0.00 0.00 0.00 0.00 0.24 0.01 0.01 0.00 0.39
Investments 0.04 1.57 1.77 0.00 1.46 3.53 7.62 10.60 14.31 45.68 53.98 63.08
120.52 155.04 157.57 104.68 121.29 166.48 125.95 76.61 70.17 47.62 54.21 70.61
Total Assets 135.42 171.11 173.62 117.73 210.96 257.95 220.21 175.22 170.32 177.04 190.24 214.68

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
0.81 20.35 15.17 2.33 9.69 6.60 18.55 29.35 19.26 10.38 1.62 -0.14
0.65 -5.13 -1.27 5.43 -2.71 -2.07 0.68 -7.59 -17.71 -8.48 -3.06 -5.76
-0.73 -15.99 -6.45 -15.28 -6.81 -5.42 -13.94 -27.16 -1.38 1.59 -1.52 4.50
Net Cash Flow 0.73 -0.77 7.44 -7.52 0.18 -0.90 5.28 -5.41 0.17 3.49 -2.96 -1.40

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 241.62 224.39 198.60 145.55 180.32 187.17 107.39 129.85 119.18 151.47 111.33 155.12
Inventory Days 177.11 163.20 103.98 98.41 189.63 89.33 67.70 104.94 150.24 293.51 163.09 315.46
Days Payable 190.46 274.15 218.06 100.18 196.53 182.72 83.82 88.94 84.00 92.17 83.71 209.50
Cash Conversion Cycle 228.27 113.44 84.52 143.78 173.42 93.79 91.27 145.84 185.42 352.80 190.71 261.08
Working Capital Days 246.41 152.66 123.06 159.75 188.09 119.03 95.11 144.25 183.88 253.70 167.02 330.63
ROCE % 7.25% 10.81% 14.21% 8.80% 7.65% 10.63% 15.62% 5.30% 5.64% 4.70% 10.34%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00%
26.00% 26.00% 26.00% 26.00% 26.00% 26.00% 26.01% 26.00% 26.00% 26.00% 26.00% 26.00%
No. of Shareholders 2,9894,0104,6574,7514,6764,6624,6054,6465,0665,8775,9855,754

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