Reliable Ventures India Ltd

Reliable Ventures India Ltd

₹ 23.0 -0.22%
24 May - close price
About

Incorporated in 1996, Reliable Ventures India Ltd is in the business of Hotel, Restaurant & allied activities[1]

Key Points

Business Overview:[1]
Company runs a 5 star Heritage Hotel Noor-Us-Sabah Palace in Bhopal and has 2 retail stores called Wonder Bread outlets, which offers wide range of bakery and confectionary products

  • Market Cap 25.3 Cr.
  • Current Price 23.0
  • High / Low 32.4 / 8.70
  • Stock P/E
  • Book Value 28.2
  • Dividend Yield 0.00 %
  • ROCE -2.66 %
  • ROE -3.58 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.81 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.6% over past five years.
  • Company has a low return on equity of 0.39% over last 3 years.
  • Debtor days have increased from 48.1 to 59.9 days.
  • Company's cost of borrowing seems high

* 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: Hotels & Restaurants Industry: Hotels

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
3.83 4.43 2.01 4.61 6.38 5.26 4.45 0.91 0.44 0.42 0.37 0.51 0.46
2.92 3.45 2.28 3.40 4.07 4.01 4.01 1.07 0.62 0.68 0.59 0.65 0.90
Operating Profit 0.91 0.98 -0.27 1.21 2.31 1.25 0.44 -0.16 -0.18 -0.26 -0.22 -0.14 -0.44
OPM % 23.76% 22.12% -13.43% 26.25% 36.21% 23.76% 9.89% -17.58% -40.91% -61.90% -59.46% -27.45% -95.65%
0.03 0.11 0.02 0.02 0.11 0.04 0.03 0.07 0.07 0.03 0.04 0.07 0.06
Interest 0.00 0.03 0.01 0.01 0.01 0.01 0.01 0.13 0.05 0.01 0.01 0.01 0.01
Depreciation 0.24 0.23 0.23 0.23 0.29 0.23 0.22 0.23 0.23 0.23 0.21 0.21 0.21
Profit before tax 0.70 0.83 -0.49 0.99 2.12 1.05 0.24 -0.45 -0.39 -0.47 -0.40 -0.29 -0.60
Tax % 2.86% -1.20% -2.04% 13.13% 15.57% 101.90% 29.17% 6.67% -5.13% -4.26% -5.00% -20.69% 3.33%
0.68 0.83 -0.50 0.86 1.79 -0.02 0.17 -0.41 -0.40 -0.48 -0.42 -0.35 -0.58
EPS in Rs 0.62 0.75 -0.45 0.78 1.63 -0.02 0.15 -0.37 -0.36 -0.44 -0.38 -0.32 -0.53
Raw PDF
Upcoming result date: 29 May 2024

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
15.17 16.08 15.50 13.24 13.95 14.82 16.33 17.62 18.29 9.98 18.25 6.22 1.76
11.68 12.63 12.16 11.23 11.89 11.89 13.75 14.32 15.47 9.76 13.74 6.40 2.82
Operating Profit 3.49 3.45 3.34 2.01 2.06 2.93 2.58 3.30 2.82 0.22 4.51 -0.18 -1.06
OPM % 23.01% 21.46% 21.55% 15.18% 14.77% 19.77% 15.80% 18.73% 15.42% 2.20% 24.71% -2.89% -60.23%
0.24 0.38 0.43 0.50 0.37 0.42 0.31 0.47 1.14 0.18 0.19 0.21 0.20
Interest 0.01 0.00 0.00 0.01 0.03 0.03 0.02 0.01 0.00 0.03 0.05 0.20 0.04
Depreciation 1.07 1.14 1.21 1.49 0.79 1.38 2.71 1.55 1.39 0.97 0.99 0.90 0.86
Profit before tax 2.65 2.69 2.56 1.01 1.61 1.94 0.16 2.21 2.57 -0.60 3.66 -1.07 -1.76
Tax % 30.19% 30.11% 30.86% 29.70% 19.25% 27.32% -50.00% 18.10% 28.40% -6.67% 41.80% -5.61%
1.85 1.87 1.76 0.71 1.30 1.42 0.24 1.81 1.85 -0.64 2.14 -1.14 -1.83
EPS in Rs 1.68 1.70 1.60 0.64 1.18 1.29 0.22 1.64 1.68 -0.58 1.94 -1.04 -1.67
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: -18%
3 Years: -30%
TTM: -84%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -177%
Stock Price CAGR
10 Years: 5%
5 Years: 10%
3 Years: 49%
1 Year: 114%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 0%
Last Year: -4%

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 11.01 11.01 11.01 11.01 11.01 11.01 11.01 11.01 11.01 11.01 11.01 11.01 11.01
Reserves 7.45 9.32 11.08 11.43 12.72 14.86 15.16 17.04 18.53 18.69 21.13 20.55 20.10
7.73 5.92 5.20 5.03 2.48 1.76 1.27 1.24 0.40 1.08 0.95 0.80 0.78
4.16 5.47 5.57 5.80 6.81 1.69 2.17 2.04 2.48 3.48 6.03 5.15 5.97
Total Liabilities 30.35 31.72 32.86 33.27 33.02 29.32 29.61 31.33 32.42 34.26 39.12 37.51 37.86
22.11 22.69 21.98 20.84 22.93 22.06 20.17 20.34 19.24 19.34 18.89 18.76 18.22
CWIP 0.08 0.35 0.59 1.15 0.55 0.96 1.01 0.51 0.88 0.88 1.05 1.05 1.05
Investments 0.00 0.00 1.44 2.24 1.37 1.93 3.39 5.16 7.46 7.83 8.57 12.63 13.16
8.16 8.68 8.85 9.04 8.17 4.37 5.04 5.32 4.84 6.21 10.61 5.07 5.43
Total Assets 30.35 31.72 32.86 33.27 33.02 29.32 29.61 31.33 32.42 34.26 39.12 37.51 37.86

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
2.80 3.88 1.84 2.07 1.95 2.11 3.00 3.41 2.17 1.31 4.09 0.43
-1.69 -2.36 -0.82 -1.80 -1.25 -1.34 -2.22 -3.02 -2.91 -0.40 -0.85 -4.81
-1.45 -1.82 -0.73 -0.18 -2.58 -0.75 -0.41 -0.03 0.00 0.65 -0.18 -0.35
Net Cash Flow -0.34 -0.30 0.29 0.09 -1.88 0.02 0.37 0.36 -0.75 1.55 3.06 -4.72

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 21.41 19.75 22.37 23.43 26.95 43.35 34.64 29.83 27.34 46.81 37.60 59.86
Inventory Days 58.53 47.17 90.67 69.38 58.51 63.75 56.78 55.81 47.37 79.23 52.25 129.52
Days Payable 52.03 48.72 67.42 51.28 64.08 56.55 69.40 79.73 58.24 83.13 62.55 190.35
Cash Conversion Cycle 27.92 18.20 45.62 41.53 21.38 50.54 22.03 5.91 16.47 42.92 27.30 -0.98
Working Capital Days 31.52 25.20 28.02 44.94 40.82 56.65 48.28 32.52 27.54 6.22 -3.60 -2.35
ROCE % 10.35% 10.26% 9.56% 3.73% 6.11% 7.36% 0.65% 7.83% 8.68% -1.88% 11.62% -2.66%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.94% 52.94% 52.94% 52.94% 52.94% 52.94% 52.94% 52.94% 52.94% 52.94% 54.08% 54.08%
47.06% 47.06% 47.06% 47.06% 47.06% 47.06% 47.05% 47.06% 47.07% 47.07% 45.92% 45.92%
No. of Shareholders 1,8551,9772,0582,2882,4352,5852,9763,1663,3083,5913,9134,141

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