Raghuvansh Agrofarms Ltd

Raghuvansh Agrofarms Ltd

₹ 199 -0.40%
16 Apr - close price
About

Incorporated in 1995, Raghuvansh Agrofarms Ltd manufactures and trades agro products[1]

Key Points

Busienss Overview:[1][2]
a) RAFL is in the business of agri-dairy products line. It produces a wide range of organics vegetables, grains & cereals, dairy products, fertilizers etc.
b) Company is also running a business of organic manure
c) It is doing Dairy farming business through production and distribution of dairy products
d) Company is also engaged in generation of power through Bio Gas Power Plant

  • Market Cap 237 Cr.
  • Current Price 199
  • High / Low 487 / 186
  • Stock P/E 37.7
  • Book Value 54.9
  • Dividend Yield 0.00 %
  • ROCE 9.46 %
  • ROE 8.88 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 68.1 to 37.0 days.

Cons

  • Stock is trading at 3.63 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -17.0% over past five years.
  • Promoter holding is low: 21.1%
  • Tax rate seems low
  • Company has a low return on equity of 9.59% over last 3 years.
  • Promoters have pledged 39.8% of their holding.
  • Earnings include an other income of Rs.5.07 Cr.
  • Working capital days have increased from 923 days to 1,297 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: FMCG Industry: Food - Processing - Indian

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
25.32 18.10 9.65 9.64 10.65 11.66 6.86 4.49 4.40
21.85 11.91 7.90 7.49 10.12 9.02 4.78 2.59 2.90
Operating Profit 3.47 6.19 1.75 2.15 0.53 2.64 2.08 1.90 1.50
OPM % 13.70% 34.20% 18.13% 22.30% 4.98% 22.64% 30.32% 42.32% 34.09%
0.02 1.24 0.06 2.62 0.66 3.89 0.90 3.21 1.86
Interest 0.01 0.04 0.01 0.00 0.01 0.00 0.01 0.05 0.00
Depreciation 0.46 0.48 0.40 0.50 0.41 0.46 0.41 0.64 0.20
Profit before tax 3.02 6.91 1.40 4.27 0.77 6.07 2.56 4.42 3.16
Tax % 9.93% -2.17% 0.00% 25.76% 36.36% 11.04% 0.00% 23.08% 0.00%
2.74 7.05 1.40 3.17 0.48 5.40 2.56 3.40 3.16
EPS in Rs 2.12 5.40 1.17 2.34 0.40 4.33 1.92 2.85 2.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1.97 3.58 6.33 16.24 28.56 437.40 43.42 19.29 22.31 11.23 8.89
1.62 2.70 4.38 10.10 22.18 427.08 33.85 15.39 19.15 7.27 5.49
Operating Profit 0.35 0.88 1.95 6.14 6.38 10.32 9.57 3.90 3.16 3.96 3.40
OPM % 17.77% 24.58% 30.81% 37.81% 22.34% 2.36% 22.04% 20.22% 14.16% 35.26% 38.25%
0.16 0.17 0.15 0.25 0.63 0.22 1.26 2.69 4.55 4.12 5.07
Interest 0.02 0.09 0.06 0.09 0.07 0.04 0.05 0.02 0.01 0.06 0.05
Depreciation 0.11 0.56 0.58 1.12 1.03 1.00 0.94 0.90 0.87 1.05 0.84
Profit before tax 0.38 0.40 1.46 5.18 5.91 9.50 9.84 5.67 6.83 6.97 7.58
Tax % 2.63% -20.00% 10.27% 5.98% 9.98% 18.42% 0.51% 19.40% 13.91% 14.63%
0.37 0.47 1.31 4.87 5.32 7.75 9.79 4.57 5.88 5.96 6.56
EPS in Rs 0.44 0.39 1.10 4.09 4.46 6.50 8.21 3.83 4.93 5.00 5.27
Dividend Payout % 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: -17%
3 Years: -36%
TTM: -52%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: -18%
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 16%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 10%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8.32 11.92 11.92 11.92 11.92 11.92 11.92 11.92 11.92 11.92 11.92
Reserves 8.50 9.28 10.42 14.91 19.71 26.80 35.76 40.03 45.49 51.15 53.51
0.67 0.70 0.59 0.48 0.83 0.21 2.37 0.08 0.01 1.23 1.26
4.00 3.12 3.58 6.28 18.89 71.42 9.17 8.27 10.14 8.21 9.03
Total Liabilities 21.49 25.02 26.51 33.59 51.35 110.35 59.22 60.30 67.56 72.51 75.72
7.03 10.34 4.23 13.67 13.28 12.58 12.41 12.83 12.14 15.78 14.47
CWIP 3.52 3.21 3.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.78 4.67 4.72 5.55 5.77 4.88 4.63 4.63 4.63 2.54 3.69
8.16 6.80 14.11 14.37 32.30 92.89 42.18 42.84 50.79 54.19 57.56
Total Assets 21.49 25.02 26.51 33.59 51.35 110.35 59.22 60.30 67.56 72.51 75.72

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.17 1.45 -0.76 0.99 1.37 -0.97 -1.10 4.19 -0.47 13.45
-8.11 -1.41 -1.06 -0.77 -0.86 0.59 -0.52 -1.31 -0.19 -4.30
12.00 0.39 -0.11 -0.54 0.35 -0.61 2.15 -2.29 0.00 1.22
Net Cash Flow 2.72 0.43 -1.93 -0.32 0.86 -0.99 0.54 0.59 -0.65 10.37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 127.84 53.02 87.07 73.04 135.72 70.82 13.62 21.19 146.10 37.05
Inventory Days 256.76 215.45 324.44 104.37 289.66 4.70 55.45 105.93 17.65 47.00
Days Payable 274.38 58.30 81.11 32.72 248.04 55.90 34.75 30.30 3.23 0.73
Cash Conversion Cycle 110.22 210.17 330.40 144.69 177.35 19.63 34.32 96.82 160.52 83.32
Working Capital Days 622.54 274.26 332.13 241.16 199.37 21.15 312.21 727.54 744.23 1,297.49
ROCE % 2.18% 6.01% 18.65% 17.84% 23.93% 20.02% 10.05% 11.32% 9.46%

Shareholding Pattern

Numbers in percentages

7 Recently
Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
21.11% 21.11% 21.11% 21.11% 21.11% 21.11% 21.11% 21.11% 21.11% 21.11% 21.11% 21.11%
78.89% 78.89% 78.89% 78.89% 78.89% 78.89% 78.89% 78.89% 78.90% 78.90% 78.89% 78.90%
No. of Shareholders 492490499479479483482481477472467441

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