Raghav Productivity Enhancers Ltd

Raghav Productivity Enhancers Ltd

₹ 629 1.55%
25 Apr 4:01 p.m.
About

RPEL is engaged in manufacturing of quartz based ramming mass, quartz powder, and tundish board. It sells its products under the brand name of “Raghav”. [1]

Key Points

Key Customers
Key customers for RPEL include R.L. Steel, Mahalakshmi TMT, and Varsana SPA, to whom the company supplies ramming mass, silica ramming mixes, quartz, etc. [1]

  • Market Cap 1,444 Cr.
  • Current Price 629
  • High / Low 811 / 438
  • Stock P/E 56.0
  • Book Value 63.5
  • Dividend Yield 0.08 %
  • ROCE 28.5 %
  • ROE 21.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 34.4% CAGR over last 5 years
  • Company's median sales growth is 19.0% of last 10 years

Cons

  • Stock is trading at 9.91 times its book value
  • Promoter holding has decreased over last 3 years: -6.69%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
19.37 21.12 20.75 23.89 23.89 31.90 33.46 35.97 33.87 34.46 30.17 29.76 27.33
15.08 15.39 14.71 18.19 17.87 25.04 25.67 27.06 24.48 24.26 21.66 20.61 18.29
Operating Profit 4.29 5.73 6.04 5.70 6.02 6.86 7.79 8.91 9.39 10.20 8.51 9.15 9.04
OPM % 22.15% 27.13% 29.11% 23.86% 25.20% 21.50% 23.28% 24.77% 27.72% 29.60% 28.21% 30.75% 33.08%
0.20 0.07 0.27 0.94 1.04 0.80 0.93 0.44 0.22 0.28 0.14 0.14 0.23
Interest 0.19 0.05 0.00 0.06 0.22 0.36 0.28 0.27 0.26 0.13 0.04 0.05 0.04
Depreciation 0.54 0.56 0.56 0.55 0.61 0.63 0.61 0.63 0.66 0.64 0.67 0.68 0.68
Profit before tax 3.76 5.19 5.75 6.03 6.23 6.67 7.83 8.45 8.69 9.71 7.94 8.56 8.55
Tax % 29.79% 21.39% 25.57% 24.54% 26.32% 22.79% 25.67% 25.80% 25.09% 25.44% 25.06% 26.52% 26.08%
2.64 4.08 4.28 4.55 4.59 5.15 5.82 6.27 6.51 7.24 5.95 6.29 6.33
EPS in Rs 1.31 1.87 1.96 2.09 2.11 2.36 2.67 2.88 2.99 3.15 2.59 2.74 2.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
11 17 22 38 46 42 47 56 67 65 101 138 122
10 16 20 35 42 36 37 43 51 50 76 101 85
Operating Profit 0 1 2 3 5 6 10 13 16 15 25 36 37
OPM % 4% 5% 7% 7% 10% 14% 21% 23% 23% 23% 25% 26% 30%
0 0 0 0 0 0 0 0 0 0 3 2 1
Interest 0 0 1 1 2 1 1 2 1 1 1 1 0
Depreciation 0 0 0 0 1 1 1 2 2 2 2 3 3
Profit before tax 0 1 1 1 2 4 8 10 13 12 25 35 35
Tax % 42% 36% 31% 32% 43% 33% 26% 21% 27% 25% 25% 25%
0 0 0 1 1 3 6 8 9 9 19 26 26
EPS in Rs 1.40 3.40 4.70 1.09 0.93 1.26 2.91 4.00 4.70 4.22 8.51 11.23 11.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 6% 6% 4%
Compounded Sales Growth
10 Years: 23%
5 Years: 24%
3 Years: 27%
TTM: -10%
Compounded Profit Growth
10 Years: 54%
5 Years: 34%
3 Years: 39%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 66%
3 Years: 76%
1 Year: 29%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 20%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 0 0 0 3 5 7 7 10 10 11 11 11 23
Reserves 3 3 3 5 3 11 17 22 32 54 98 123 123
2 10 15 14 13 12 10 8 6 0 6 0 0
1 1 3 4 8 7 8 11 12 10 18 18 14
Total Liabilities 6 14 23 26 30 38 42 51 60 75 133 152 160
1 1 1 10 13 12 22 22 28 28 27 26 25
CWIP 0 1 7 0 0 7 0 1 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 2 58 71
5 11 14 16 16 18 20 27 32 47 104 69 64
Total Assets 6 14 23 26 30 38 42 51 60 75 133 152 160

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 -5 4 -1 7 1 7 7 8 11 8 20
-0 -1 -6 -1 -4 -7 -3 -3 -5 -13 -42 -14
3 7 4 1 -3 7 -3 -4 -2 8 29 -7
Net Cash Flow 0 0 1 -1 -0 -0 -0 -0 0 7 -4 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 104 99 131 116 93 102 101 106 113 103 130 98
Inventory Days 79 48 38 37 32 52 77 125 114 149 163 155
Days Payable 35 15 83 53 62 54 53 78 71 75 128 98
Cash Conversion Cycle 148 132 86 99 63 100 124 153 156 177 165 155
Working Capital Days 133 217 140 111 55 93 95 109 127 130 125 112
ROCE % 13% 10% 10% 12% 19% 19% 28% 31% 32% 23% 27% 28%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.61% 69.61% 69.61% 69.61% 69.61% 69.61% 66.39% 62.92% 62.92% 62.92% 62.92% 62.92%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00%
0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.39% 30.39% 30.39% 30.36% 30.39% 30.39% 33.61% 37.09% 37.07% 37.01% 37.08% 37.08%
No. of Shareholders 1,5646,3835,2854,9424,9935,2555,3396,6368,79210,73010,0369,801

* 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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