Refex Renewables & Infrastructure Ltd

₹ 457 1.51%
27 Jan - close price
About

Incorporated in 1969, SunEdison Infrastructure Ltd renders EPC services for ground solar power plants, solar water pumps and home systems and rooftop including sale of electricity.

Key Points

Services Offered:[1]
a) Distributed energy in C&I
b) Rural energy (like solar water pumps)
c) Home and street lighting systems
d) Ground Solar Plants and Rooftops
e) Small & Medium Enterprises
f) Residential segments
g) Emerging technologies (like waste
heat to power)
h) SunEdison App

  • Market Cap 205 Cr.
  • Current Price 457
  • High / Low 591 / 199
  • Stock P/E
  • Book Value 106
  • Dividend Yield 0.00 %
  • ROCE -7.80 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.30 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.120 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.13.4 Cr.
  • Company has high debtors of 431 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
9.25 25.58 20.01 10.61 25.71 20.81 14.78 10.55 15.07 10.96 16.92 15.28 9.47
16.35 25.68 22.84 10.77 23.99 21.52 37.56 15.14 15.89 19.17 19.95 12.39 9.69
Operating Profit -7.10 -0.10 -2.83 -0.16 1.72 -0.71 -22.78 -4.59 -0.82 -8.21 -3.03 2.89 -0.22
OPM % -76.76% -0.39% -14.14% -1.51% 6.69% -3.41% -154.13% -43.51% -5.44% -74.91% -17.91% 18.91% -2.32%
0.83 0.46 0.36 0.48 0.32 2.27 9.39 0.96 12.43 1.58 5.77 3.47 2.61
Interest 0.64 0.95 3.71 2.31 1.89 5.66 7.37 3.75 5.26 5.10 5.37 6.97 7.20
Depreciation 0.09 0.11 4.03 3.67 3.86 4.22 3.13 4.00 4.33 4.39 4.34 3.95 4.38
Profit before tax -7.00 -0.70 -10.21 -5.66 -3.71 -8.32 -23.89 -11.38 2.02 -16.12 -6.97 -4.56 -9.19
Tax % -1.00% 20.00% -21.55% -6.71% -16.17% -19.11% 72.88% -8.88% 101.49% -9.12% 0.72% -8.55% -5.11%
Net Profit -7.07 -0.56 -12.41 -6.04 -4.31 -9.91 -6.48 -12.39 -0.03 -17.59 -6.92 -4.95 -9.66
EPS in Rs -15.75 -1.05 -27.37 -13.32 -8.57 -22.07 -18.82 -23.41 -0.07 -37.22 5.72 -9.73 -19.87
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 71 63 72 53 53
0 62 74 97 60 61
Operating Profit -0 9 -11 -25 -7 -9
OPM % 13% -18% -35% -13% -16%
0 2 2 12 11 13
Interest 0 0 6 14 20 25
Depreciation 0 0 4 15 17 17
Profit before tax -0 11 -19 -42 -32 -37
Tax % 20% 31% -11% 36% -14%
Net Profit -0 8 -22 -27 -37 -39
EPS in Rs -0.16 17.19 -47.60 -61.60 -72.36 -61.10
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -9%
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 301%
1 Year: 110%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
4 4 4 25 30 4
Reserves 0 8 117 -41 -74 43
0 24 109 131 308 435
0 38 78 295 312 93
Total Liabilities 5 74 308 389 551 576
0 13 169 171 173 179
CWIP 0 0 19 33 231 272
Investments 0 0 0 0 0 0
5 61 120 185 147 124
Total Assets 5 74 308 389 551 576

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1 -14 -46 84
2 5 -62 -159
3 4 119 74
Net Cash Flow 5 -4 10 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 70 297 334 431
Inventory Days
Days Payable
Cash Conversion Cycle 70 297 334 431
Working Capital Days 59 174 353 -259
ROCE % 60% -10% -16% -8%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
86.84 86.84 86.84 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
13.16 13.16 13.16 25.00 25.00 25.00 25.00 25.00 25.00 25.00 24.99 25.00

Documents