Radhe Developers (India) Ltd

Radhe Developers (India) Ltd

₹ 4.13 -3.05%
06 Dec - close price
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 208 Cr.
  • Current Price 4.13
  • High / Low 9.50 / 2.77
  • Stock P/E
  • Book Value 1.10
  • Dividend Yield 0.00 %
  • ROCE 2.70 %
  • ROE 1.30 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • 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

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
0.56 0.00 0.33 0.00 14.70 18.56 10.34 3.06 5.77 4.97 0.54 1.25 0.00
1.00 0.70 1.02 0.70 2.45 2.50 5.18 2.22 2.60 2.39 5.70 1.42 1.12
Operating Profit -0.44 -0.70 -0.69 -0.70 12.25 16.06 5.16 0.84 3.17 2.58 -5.16 -0.17 -1.12
OPM % -78.57% -209.09% 83.33% 86.53% 49.90% 27.45% 54.94% 51.91% -955.56% -13.60%
0.00 0.00 0.00 0.03 0.00 0.03 -0.05 0.00 0.00 2.99 -2.00 -0.14 0.00
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.06 0.01 0.01 0.02 0.28 0.04 0.04
Depreciation 0.14 0.15 0.12 0.07 0.07 0.09 0.13 0.11 0.11 0.12 0.17 0.23 0.23
Profit before tax -0.59 -0.86 -0.82 -0.75 12.17 15.99 4.92 0.72 3.05 5.43 -7.61 -0.58 -1.39
Tax % 1.69% 0.00% 12.20% 2.67% 25.14% 9.26% 52.44% 33.33% 27.87% 28.18% 22.86% 8.62% 0.00%
-0.58 -0.86 -0.72 -0.73 9.11 14.51 2.34 0.47 2.20 3.90 -5.86 -0.53 -1.39
EPS in Rs -0.01 -0.02 -0.01 -0.01 0.18 0.29 0.05 0.01 0.04 0.08 -0.12 -0.01 -0.03
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
0.00 0.35 0.15 0.31 16.57 5.52 9.99 10.65 3.86 0.89 43.60 14.34 6.76
0.98 0.76 0.62 1.04 12.30 5.75 9.06 10.04 5.21 3.08 10.82 12.89 10.63
Operating Profit -0.98 -0.41 -0.47 -0.73 4.27 -0.23 0.93 0.61 -1.35 -2.19 32.78 1.45 -3.87
OPM % -117.14% -313.33% -235.48% 25.77% -4.17% 9.31% 5.73% -34.97% -246.07% 75.18% 10.11% -57.25%
0.02 0.03 -0.03 0.00 0.03 1.98 1.02 0.15 0.01 -0.25 0.02 0.99 0.85
Interest 0.12 0.27 0.20 0.20 0.04 0.05 0.32 0.18 0.04 0.04 0.10 0.34 0.38
Depreciation 0.10 0.11 0.16 0.28 0.27 0.44 0.59 0.58 0.59 0.56 0.36 0.51 0.75
Profit before tax -1.18 -0.76 -0.86 -1.21 3.99 1.26 1.04 0.00 -1.97 -3.04 32.34 1.59 -4.15
Tax % -0.85% 1.32% 1.16% 3.31% 25.81% 19.84% 39.42% 3.05% 4.28% 21.99% 55.35%
-1.19 -0.75 -0.84 -1.17 2.97 1.01 0.63 -0.05 -1.91 -2.91 25.23 0.71 -3.88
EPS in Rs -0.02 -0.01 -0.02 -0.02 0.06 0.02 0.01 -0.00 -0.04 -0.06 0.50 0.01 -0.08
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: 45%
5 Years: 8%
3 Years: 55%
TTM: -82%
Compounded Profit Growth
10 Years: 11%
5 Years: 2%
3 Years: 33%
TTM: -120%
Stock Price CAGR
10 Years: 20%
5 Years: 40%
3 Years: 105%
1 Year: -51%
Return on Equity
10 Years: 7%
5 Years: 11%
3 Years: 18%
Last Year: 1%

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 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 50.36 50.36
Reserves 8.59 7.84 7.01 5.82 8.78 8.24 8.88 8.83 6.93 4.02 29.26 4.80
3.48 1.48 2.88 0.15 3.87 3.37 8.38 0.18 1.10 0.49 10.48 22.78
25.40 27.43 34.31 39.60 27.56 25.16 21.49 25.39 26.85 28.60 34.10 47.91
Total Liabilities 62.65 61.93 69.38 70.75 65.39 61.95 63.93 59.58 60.06 58.29 99.02 125.85
0.89 1.37 1.23 0.86 2.08 3.83 3.26 2.69 3.04 1.43 2.88 5.10
CWIP 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 0.08 0.08 0.08 0.09 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
61.29 60.07 67.66 69.39 63.30 58.12 60.67 56.89 57.02 56.86 96.14 120.75
Total Assets 62.65 61.93 69.38 70.75 65.39 61.95 63.93 59.58 60.06 58.29 99.02 125.85

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
-13.01 0.86 -7.30 -3.10 -5.04 2.81 -2.00 5.26 -0.14 -0.02 -8.39 -9.14
-0.50 -0.60 -0.01 0.03 -0.93 -2.21 -0.03 0.00 -0.95 0.81 -1.78 -2.73
13.60 0.20 6.80 5.86 3.69 -1.06 2.29 -5.34 0.93 -0.65 9.90 11.98
Net Cash Flow 0.09 0.46 -0.51 2.79 -2.29 -0.47 0.26 -0.09 -0.15 0.15 -0.26 0.11

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 761.29 2,263.00 941.94 68.51 7.93 4.75 0.69 0.95 4.10 0.08 0.25
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 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 0.25
Working Capital Days 11,023.00 47,620.33 -8,654.03 15.64 970.69 614.54 346.15 833.07 1,418.99 -18.58 164.17
ROCE % -2.94% -1.37% -1.75% -3.02% 11.86% 3.56% 3.46% 0.47% -5.73% -8.74% 68.58% 2.70%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
43.05% 43.05% 43.05% 43.63% 43.92% 43.92% 43.92% 43.96% 44.09% 44.45% 44.49% 44.58%
0.00% 0.00% 0.00% 0.00% 0.46% 0.02% 0.00% 0.00% 0.00% 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%
56.91% 56.91% 56.91% 56.33% 55.58% 56.02% 56.04% 56.00% 55.88% 55.50% 55.48% 55.38%
No. of Shareholders 13,84113,59713,54713,31115,81515,62015,11323,42624,49225,59731,39835,071

* 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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