Rishabh Digha Steel & Allied Products Ltd
₹ 29.6
-1.98%
25 Apr
- close price
About
Rishabh Digha Steel & Allied Products Ltd (RDSAP) is engaged in manufacturing and trading steel and allied products and performs job work for decoiling, straightening, shearing, and cutting of various sizes of iron and steel coils used in infrastructure, automobiles, consumer durables, and capital goods. [1] [2]
Key Points
- Market Cap ₹ 16.3 Cr.
- Current Price ₹ 29.6
- High / Low ₹ 53.3 / 15.3
- Stock P/E
- Book Value ₹ 11.4
- Dividend Yield 0.00 %
- ROCE -5.18 %
- ROE -6.45 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 2.61 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -69.6% over past five years.
- Company has a low return on equity of -5.21% over last 3 years.
- Company has high debtors of 365 days.
- Working capital days have increased from 1,465 days to 2,920 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.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
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Quarterly Results
Figures in Rs. Crores
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.61 | 1.98 | 1.07 | 1.12 | 1.65 | 1.92 | 3.84 | 3.93 | 2.52 | 0.40 | 0.00 | 0.01 | 0.00 | |
| 2.00 | 1.55 | 1.32 | 1.38 | 1.72 | 1.86 | 2.24 | 2.28 | 2.22 | 0.93 | 0.59 | 0.56 | 0.59 | |
| Operating Profit | 2.61 | 0.43 | -0.25 | -0.26 | -0.07 | 0.06 | 1.60 | 1.65 | 0.30 | -0.53 | -0.59 | -0.55 | -0.59 |
| OPM % | 56.62% | 21.72% | -23.36% | -23.21% | -4.24% | 3.12% | 41.67% | 41.98% | 11.90% | -132.50% | -5,500.00% | ||
| 0.52 | 0.65 | 0.64 | 0.79 | 0.72 | 0.55 | 0.59 | 0.50 | 0.52 | 0.45 | 0.32 | 0.31 | 0.26 | |
| Interest | 0.00 | 0.01 | 0.00 | 0.04 | 0.03 | 0.03 | 0.01 | 0.00 | 0.03 | 0.01 | 0.03 | 0.05 | 0.09 |
| Depreciation | 0.29 | 0.28 | 0.28 | 0.21 | 0.19 | 0.18 | 0.18 | 0.18 | 0.17 | 0.18 | 0.15 | 0.16 | 0.20 |
| Profit before tax | 2.84 | 0.79 | 0.11 | 0.28 | 0.43 | 0.40 | 2.00 | 1.97 | 0.62 | -0.27 | -0.45 | -0.45 | -0.62 |
| Tax % | 34.15% | 30.38% | 27.27% | 39.29% | 18.60% | 30.00% | 27.50% | 28.93% | 35.48% | 7.41% | 2.22% | 2.22% | |
| 1.87 | 0.55 | 0.09 | 0.16 | 0.35 | 0.27 | 1.44 | 1.40 | 0.40 | -0.25 | -0.44 | -0.44 | -0.61 | |
| EPS in Rs | 3.41 | 1.00 | 0.16 | 0.29 | 0.64 | 0.49 | 2.62 | 2.55 | 0.73 | -0.46 | -0.80 | -0.80 | -1.11 |
| Dividend Payout % | 44.04% | 99.82% | 610.00% | 343.12% | 156.86% | 305.00% | 76.25% | 78.43% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -41% |
| 5 Years: | -70% |
| 3 Years: | -84% |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -3% |
| 3 Years: | 12% |
| 1 Year: | 70% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 2% |
| 3 Years: | -5% |
| Last Year: | -6% |
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 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 | 5.49 |
| Reserves | 4.32 | 4.23 | 3.71 | 2.97 | 2.66 | 2.84 | 3.29 | 3.22 | 2.21 | 1.99 | 1.55 | 1.11 | 0.74 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.06 | 0.04 | 0.49 | 1.32 | 1.63 | |
| 2.11 | 1.04 | 1.13 | 1.92 | 1.29 | 0.24 | 0.93 | 0.30 | 0.22 | 0.09 | 0.07 | 0.08 | 0.01 | |
| Total Liabilities | 11.92 | 10.76 | 10.33 | 10.38 | 9.44 | 8.57 | 9.84 | 9.01 | 7.98 | 7.61 | 7.60 | 8.00 | 7.87 |
| 3.12 | 2.87 | 2.59 | 2.14 | 1.95 | 1.77 | 1.95 | 1.91 | 1.74 | 1.56 | 1.59 | 1.73 | 1.57 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.69 | 6.61 | 6.28 | 6.13 | 5.43 | 5.03 | 4.63 | 0.99 | 4.11 | 1.06 | 0.00 | 4.14 | 5.71 |
| 2.11 | 1.28 | 1.46 | 2.11 | 2.06 | 1.77 | 3.26 | 6.11 | 2.13 | 4.99 | 6.01 | 2.13 | 0.59 | |
| Total Assets | 11.92 | 10.76 | 10.33 | 10.38 | 9.44 | 8.57 | 9.84 | 9.01 | 7.98 | 7.61 | 7.60 | 8.00 | 7.87 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.19 | 0.26 | 0.30 | 0.58 | 0.12 | 0.00 | 0.00 | 1.58 | 0.67 | 1.45 | -0.81 | 0.05 | |
| -1.64 | 0.71 | 0.29 | 0.06 | 0.73 | 0.00 | 0.00 | 0.39 | -63.28 | -11.46 | 0.80 | -0.07 | |
| -0.64 | -0.96 | -0.64 | -0.64 | -0.44 | 0.00 | 0.00 | -1.46 | -1.32 | 0.00 | 0.00 | 0.00 | |
| Net Cash Flow | -0.09 | 0.01 | -0.05 | -0.01 | 0.41 | 0.00 | 0.00 | 0.50 | -63.93 | -10.01 | -0.01 | -0.01 |
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 | 56.21 | 71.89 | 85.28 | 101.03 | 141.58 | 102.66 | 70.34 | 70.59 | 27.52 | 9.12 | 365.00 | |
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 56.21 | 71.89 | 85.28 | 101.03 | 141.58 | 102.66 | 70.34 | 70.59 | 27.52 | 9.12 | 365.00 | |
| Working Capital Days | -15.84 | 1.84 | 34.11 | 3.26 | 139.36 | 262.34 | 192.96 | 48.30 | 0.00 | 9.12 | 2,920.00 | |
| ROCE % | 30.30% | 7.58% | 0.85% | 1.81% | 3.73% | 5.10% | 22.39% | 22.36% | 7.89% | -3.40% | -5.58% | -5.18% |
Documents
Announcements
- Certificate Under Regulation 40(9) And 40(10) Of LODR For The Year Ended On March 31, 2024. 1d
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 20 Apr
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 20 Apr
- Certificate Under Regulation 7 (3) Of The SEBI (LODR) Regulations, 2015 For The Year Ended 31St March, 2024 18 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Core Processing Services
HR / CR Coil Straightening & De-coiling and,
Cutting of 16mm steel sheets
[1]
Operations in FY21
The Co has discontinued its job-work activity from October 2020 and the management is considering various restructuring plans for the Co. It does not have a committed plan to sell yet.[2]
Key Clients
Ispat Industries Ltd, Arya Ship Breaking Co Private Limited, Delta Iron & Steel Co Private Limited, Jay Ambey Steel Traders, l, Ridhi Sidhi Iron & Steel, etc. are some of the clients of the Co.[1]
Infrastructure
The Co has an industrial unit spread over 5,340 sq. mt. at Taloja, Maharashtra and has a capacity of processing and storage capability of 20,000 metric tonnes per month.[3]