Radhe Developers (India) Ltd

₹ 7.00 3.09%
02 Feb 1:25 p.m.
About

Incorporated in 1995, Radhe Developers (India) Ltd is engaged in the business of Real Estate Development

Key Points

Business Overview:
On the real estate development front, the company develops residential, commercial, plotting and social infrastructure projects. [1]

  • Market Cap 353 Cr.
  • Current Price 7.00
  • High / Low 16.5 / 6.30
  • Stock P/E 39.6
  • Book Value 1.13
  • Dividend Yield 0.00 %
  • ROCE 68.6 %
  • ROE 60.3 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 89.6% CAGR over last 5 years

Cons

  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
0.00 1.39 0.00 0.56 0.00 0.33 0.00 14.70 18.56 10.34 3.06 5.77 4.97
0.94 1.28 0.60 1.00 0.70 1.02 0.70 2.45 2.50 5.18 2.22 2.60 2.39
Operating Profit -0.94 0.11 -0.60 -0.44 -0.70 -0.69 -0.70 12.25 16.06 5.16 0.84 3.17 2.58
OPM % 7.91% -78.57% -209.09% 83.33% 86.53% 49.90% 27.45% 54.94% 51.91%
0.00 0.01 0.00 0.00 0.00 0.00 0.03 0.00 0.03 -0.05 0.00 0.00 2.99
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.06 0.01 0.01 0.02
Depreciation 0.16 0.16 0.14 0.14 0.15 0.12 0.07 0.07 0.09 0.13 0.11 0.11 0.12
Profit before tax -1.11 -0.05 -0.75 -0.59 -0.86 -0.82 -0.75 12.17 15.99 4.92 0.72 3.05 5.43
Tax % -1.80% 100.00% 0.00% 1.69% 0.00% 12.20% 2.67% 25.14% 9.26% 52.44% 33.33% 27.87% 28.18%
Net Profit -1.12 0.01 -0.75 -0.58 -0.86 -0.72 -0.73 9.11 14.51 2.34 0.47 2.20 3.90
EPS in Rs -0.02 0.00 -0.01 -0.01 -0.02 -0.01 -0.01 0.18 0.29 0.05 0.01 0.04 0.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1.00 0.00 0.35 0.15 0.31 16.57 5.52 9.99 10.65 3.86 0.89 43.60 24.14
1.52 0.98 0.76 0.62 1.04 12.30 5.75 9.06 10.04 5.21 3.08 10.82 12.39
Operating Profit -0.52 -0.98 -0.41 -0.47 -0.73 4.27 -0.23 0.93 0.61 -1.35 -2.19 32.78 11.75
OPM % -52.00% -117.14% -313.33% -235.48% 25.77% -4.17% 9.31% 5.73% -34.97% -246.07% 75.18% 48.67%
0.05 0.02 0.03 -0.03 0.00 0.03 1.98 1.02 0.15 0.01 -0.25 0.02 2.94
Interest 0.04 0.12 0.27 0.20 0.20 0.04 0.05 0.32 0.18 0.04 0.04 0.10 0.10
Depreciation 0.09 0.10 0.11 0.16 0.28 0.27 0.44 0.59 0.58 0.59 0.56 0.36 0.47
Profit before tax -0.60 -1.18 -0.76 -0.86 -1.21 3.99 1.26 1.04 0.00 -1.97 -3.04 32.34 14.12
Tax % 1.67% -0.85% 1.32% 1.16% 3.31% 25.81% 19.84% 39.42% 3.05% 4.28% 21.99%
Net Profit -0.59 -1.19 -0.75 -0.84 -1.17 2.97 1.01 0.63 -0.05 -1.91 -2.91 25.23 8.91
EPS in Rs -0.01 -0.02 -0.01 -0.02 -0.02 0.06 0.02 0.01 -0.00 -0.04 -0.06 0.50 0.18
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: %
5 Years: 51%
3 Years: 60%
TTM: -28%
Compounded Profit Growth
10 Years: 37%
5 Years: 90%
3 Years: 697%
TTM: -60%
Stock Price CAGR
10 Years: 31%
5 Years: 52%
3 Years: 117%
1 Year: -48%
Return on Equity
10 Years: 7%
5 Years: 12%
3 Years: 20%
Last Year: 60%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 50.36
Reserves 9.78 8.59 7.84 7.01 5.82 8.78 8.24 8.88 8.83 6.93 4.02 29.26 6.75
0.63 3.48 1.48 2.88 0.15 3.87 3.37 8.38 0.18 1.10 0.49 10.48 16.91
13.70 25.40 27.43 34.31 39.60 27.56 25.16 21.49 25.39 26.85 28.60 34.10 29.99
Total Liabilities 49.29 62.65 61.93 69.38 70.75 65.39 61.95 63.93 59.58 60.06 58.29 99.02 104.01
0.52 0.89 1.37 1.23 0.86 2.08 3.83 3.26 2.69 3.04 1.43 2.88 2.55
CWIP 0.39 0.39 0.41 0.41 0.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.05 0.08 0.08 0.08 0.09 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
48.33 61.29 60.07 67.66 69.39 63.30 58.12 60.67 56.89 57.02 56.86 96.14 101.46
Total Assets 49.29 62.65 61.93 69.38 70.75 65.39 61.95 63.93 59.58 60.06 58.29 99.02 104.01

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0.61 -13.01 0.86 -7.30 -3.10 -5.04 2.81 -2.00 5.26 -0.14 -0.02 -8.39
0.01 -0.50 -0.60 -0.01 0.03 -0.93 -2.21 -0.03 0.00 -0.95 0.81 -1.78
0.26 13.60 0.20 6.80 5.86 3.69 -1.06 2.29 -5.34 0.93 -0.65 9.90
Net Cash Flow -0.34 0.09 0.46 -0.51 2.79 -2.29 -0.47 0.26 -0.09 -0.15 0.15 -0.26

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 98.55 761.29 2,263.00 941.94 68.51 7.93 4.75 0.69 0.95 4.10 0.08
Inventory Days 3,947.29 17,621.39 3,930.08 1,130.62 3,618.66 11,372.94
Days Payable 222.96 1,345.09 256.24 33.43 108.76 492.46
Cash Conversion Cycle 98.55 761.29 2,263.00 941.94 3,792.83 16,284.23 3,678.59 1,097.88 3,510.84 10,884.58 0.08
Working Capital Days 142.35 11,023.00 47,620.33 -8,654.03 15.64 970.69 614.54 346.15 833.07 1,418.99 -18.58
ROCE % -1.57% -2.94% -1.37% -1.75% -3.02% 11.86% 3.56% 3.46% 0.47% -5.73% -8.74% 68.58%

Shareholding Pattern

Numbers in percentages

18 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
42.73 42.73 43.05 43.05 43.05 43.05 43.63 43.92 43.92 43.92 43.96 44.09
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.46 0.02 0.00 0.00 0.00
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
57.23 57.23 56.91 56.91 56.91 56.91 56.33 55.58 56.02 56.04 56.00 55.88

* 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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