RDB Rasayans Ltd

RDB Rasayans Ltd

₹ 148 -0.24%
24 Apr 11:22 a.m.
About

Incorporated in 1995, RDB Rasayans Ltd manufactures Polymer-based Woven Bags & Flexible Intermediate Bulk Container (Jumbo Bags)[1]

Key Points

Business Overview:[1][2]
RDBRL is an ISO 9001 certified company which is a manufacturer, supplier, importer and exporter of polymer-based woven bags & FIBC Jumbo Bag, Bulk Container Liner, Woven Sack Bag, Textile Fabric. It also trades in raw materials

  • Market Cap 262 Cr.
  • Current Price 148
  • High / Low 185 / 76.0
  • Stock P/E 12.6
  • Book Value 98.3
  • Dividend Yield 0.00 %
  • ROCE 21.0 %
  • ROE 15.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 30.5% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.10% over past five years.
  • Earnings include an other income of Rs.15.5 Cr.

* 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: Packaging Industry: Packaging

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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
25.65 27.34 28.74 28.76 32.97 32.54 30.16 28.56 23.62 27.01 26.18 25.57 25.32
20.03 24.71 23.12 24.80 27.91 30.30 20.88 22.68 19.80 26.67 20.25 22.29 21.15
Operating Profit 5.62 2.63 5.62 3.96 5.06 2.24 9.28 5.88 3.82 0.34 5.93 3.28 4.17
OPM % 21.91% 9.62% 19.55% 13.77% 15.35% 6.88% 30.77% 20.59% 16.17% 1.26% 22.65% 12.83% 16.47%
2.33 2.41 2.96 2.85 3.04 3.33 3.47 3.73 4.32 3.28 3.29 4.01 4.92
Interest 0.10 0.09 0.10 0.03 0.05 0.06 0.03 0.04 0.02 0.01 0.01 0.02 0.04
Depreciation 0.29 0.28 0.30 0.31 0.31 0.33 0.33 0.33 0.32 0.32 0.32 0.31 0.32
Profit before tax 7.56 4.67 8.18 6.47 7.74 5.18 12.39 9.24 7.80 3.29 8.89 6.96 8.73
Tax % 31.35% 29.55% 27.02% 29.83% 14.21% 5.60% 28.25% 20.67% 26.15% 27.66% 25.20% 25.14% 24.63%
5.19 3.29 5.99 4.53 6.64 4.90 8.90 7.34 5.76 2.38 6.65 5.21 6.58
EPS in Rs 2.93 1.86 3.38 2.56 3.75 2.77 5.02 4.14 3.25 1.34 3.75 2.94 3.71
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
44 58 71 65 61 68 78 89 90 92 123 109 104
42 54 65 63 59 63 72 84 80 74 106 90 90
Operating Profit 2 4 6 3 2 4 5 5 10 19 17 19 14
OPM % 6% 6% 8% 4% 4% 6% 7% 6% 11% 20% 14% 18% 13%
3 1 0 9 6 6 9 10 10 10 12 15 16
Interest 2 2 2 1 1 1 2 1 1 0 0 0 0
Depreciation 2 2 2 1 1 1 1 1 1 1 1 1 1
Profit before tax 2 1 2 9 7 9 12 12 18 27 28 33 28
Tax % 33% 32% 33% 30% 39% 34% 36% 27% 35% 29% 20% 26%
2 1 2 6 4 6 7 9 12 19 22 24 21
EPS in Rs 0.88 0.43 0.93 3.66 2.35 3.26 4.14 5.09 6.50 10.73 12.45 13.76 11.74
Dividend Payout % 85% 115% 54% 14% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 7%
TTM: -9%
Compounded Profit Growth
10 Years: 41%
5 Years: 31%
3 Years: 27%
TTM: -23%
Stock Price CAGR
10 Years: 30%
5 Years: 21%
3 Years: 36%
1 Year: 67%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 17%
Last Year: 16%

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 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 36 35 36 42 46 51 59 68 79 98 120 145 156
11 12 9 13 7 13 19 13 3 10 5 0 0
6 6 6 10 6 8 10 14 14 14 14 14 9
Total Liabilities 71 71 70 81 77 90 106 112 114 140 157 176 183
13 14 12 12 11 14 14 13 13 13 14 13 12
CWIP 0 0 0 0 0 0 0 0 0 1 0 0 0
Investments 0 0 0 0 0 26 26 0 22 22 16 59 30
58 57 57 69 66 50 67 99 79 104 127 104 140
Total Assets 71 71 70 81 77 90 106 112 114 140 157 176 183

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
4 -5 9 4 2 -4 -12 -1 2 -3 -6 45
-38 8 -3 -5 5 -0 8 8 8 3 6 -39
33 -2 -6 1 -7 5 3 -7 -11 6 -6 -5
Net Cash Flow -0 0 0 0 -0 1 -0 -0 0 6 -6 1

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 38 60 51 50 57 57 53 49 53 62 58 61
Inventory Days 99 106 69 67 38 14 20 39 12 16 16 19
Days Payable 27 25 23 34 17 22 25 42 34 20 20 17
Cash Conversion Cycle 111 141 98 82 77 49 48 46 32 58 55 63
Working Capital Days 76 119 92 177 192 225 260 247 260 325 315 195
ROCE % 9% 4% 7% 16% 11% 12% 13% 12% 19% 24% 20% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.15% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83% 69.83%
0.00% 0.00% 0.00% 0.00% 0.08% 0.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27.85% 30.17% 30.17% 30.17% 30.09% 30.02% 30.16% 30.15% 30.16% 30.17% 30.16% 30.16%
No. of Shareholders 4,4525,8285,7956,4776,5706,3096,1037,2587,1646,9596,8276,899

* 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.

Click on the line-items to see the names of individual entities.

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