Raghav Productivity Enhancers Ltd

About [ edit ]

RPEL is engaged in the manufacturing of quartz based ramming mass, quartz powder and tundish board. It sells its products
under the brand name of “Raghav”. We are a company that is blindly trusted by customers who require to use our offerings as refractory material in induction furnace. #

Key Points [ edit ]
  • Market Cap 309 Cr.
  • Current Price 284
  • High / Low 284 / 76.0
  • Stock P/E 33.6
  • Book Value 59.8
  • Dividend Yield 0.00 %
  • ROCE 22.7 %
  • ROE 17.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding has decreased over last quarter: -3.65%
  • The company has delivered a poor sales growth of 6.89% over past five years.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
12.26 13.62 15.30 15.19 16.76 16.78 17.93 15.04 9.07 14.90 19.37 21.13
8.82 10.68 11.16 12.55 12.88 12.75 13.47 12.05 7.70 11.52 15.08 15.39
Operating Profit 3.44 2.94 4.14 2.64 3.88 4.03 4.46 2.99 1.37 3.38 4.29 5.74
OPM % 28.06% 21.59% 27.06% 17.38% 23.15% 24.02% 24.87% 19.88% 15.10% 22.68% 22.15% 27.17%
Other Income 0.02 0.10 0.03 0.01 0.03 0.05 0.12 0.10 0.07 0.02 0.09 0.06
Interest 0.32 0.34 0.36 0.46 0.24 0.22 0.20 0.23 0.16 0.19 0.19 0.05
Depreciation 0.37 0.37 0.38 0.50 0.43 0.45 0.48 0.48 0.52 0.53 0.54 0.56
Profit before tax 2.77 2.33 3.43 1.69 3.24 3.41 3.90 2.38 0.76 2.68 3.65 5.19
Tax % 26.35% 26.18% 25.66% -2.96% 23.77% 23.75% 32.82% 25.63% 23.68% 29.48% 27.67% 21.39%
Net Profit 2.05 1.72 2.55 1.73 2.46 2.60 2.62 1.76 0.58 1.90 2.64 4.08
EPS in Rs 2.04 1.71 2.54 1.72 2.45 2.59 2.61 1.75 0.58 1.89 2.63 3.75

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
6.12 10.71 17.21 21.61 37.66 46.26 41.60 47.39 56.38 66.46 64.56
5.89 10.23 16.29 20.03 34.90 41.53 35.85 37.24 43.14 50.97 49.70
Operating Profit 0.23 0.48 0.92 1.58 2.76 4.73 5.75 10.15 13.24 15.49 14.86
OPM % 3.76% 4.48% 5.35% 7.31% 7.33% 10.22% 13.82% 21.42% 23.48% 23.31% 23.02%
Other Income 0.00 0.00 0.00 0.00 0.02 0.06 0.02 0.17 0.16 0.25 0.16
Interest 0.10 0.20 0.34 0.83 1.43 1.77 1.16 1.35 1.57 0.98 0.59
Depreciation 0.03 0.04 0.05 0.05 0.24 0.64 0.83 1.06 1.62 1.85 2.16
Profit before tax 0.10 0.24 0.53 0.70 1.11 2.38 3.78 7.91 10.21 12.91 12.27
Tax % 90.00% 41.67% 35.85% 31.43% 31.53% 43.28% 33.07% 25.66% 21.16% 26.88% 25.02%
Net Profit 0.01 0.14 0.34 0.47 0.76 1.36 2.54 5.87 8.05 9.44 9.19
EPS in Rs 0.50 2.80 6.80 9.40 2.17 1.84 2.51 5.81 8.01 9.39 8.45
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.92%
Compounded Sales Growth
10 Years:27%
5 Years:7%
3 Years:11%
TTM:-3%
Compounded Profit Growth
10 Years:98%
5 Years:47%
3 Years:16%
TTM:-3%
Stock Price CAGR
10 Years:%
5 Years:57%
3 Years:40%
1 Year:255%
Return on Equity
10 Years:22%
5 Years:23%
3 Years:22%
Last Year:17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.17 0.34 0.34 0.34 2.51 5.26 7.18 7.18 10.05 10.05 10.88
Reserves 0.65 2.63 2.97 3.44 4.62 3.23 11.34 17.21 22.36 31.77 54.20
Borrowings 1.18 2.01 9.50 15.48 14.45 13.11 12.48 10.33 7.79 6.30 0.00
0.56 0.72 0.71 3.34 4.36 8.02 6.74 7.71 10.84 11.93 9.78
Total Liabilities 2.56 5.70 13.52 22.60 25.94 29.62 37.74 42.43 51.04 60.05 74.86
0.88 1.12 1.48 1.43 9.77 12.88 12.22 22.26 22.39 27.58 27.70
CWIP 0.00 0.00 0.80 7.24 0.00 0.30 7.49 0.00 1.18 0.03 0.03
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.14 0.00 0.00 0.10
1.68 4.58 11.24 13.93 16.17 16.44 17.95 20.03 27.47 32.44 47.03
Total Assets 2.56 5.70 13.52 22.60 25.94 29.62 37.74 42.43 51.04 60.05 74.86

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0.58 -2.30 -5.30 3.59 -0.56 7.17 0.60 6.66 6.69 7.62 11.33
-0.23 -0.28 -1.21 -6.45 -1.34 -4.13 -7.43 -3.48 -2.91 -5.16 -12.84
0.79 2.62 6.96 3.78 0.86 -3.17 6.71 -3.24 -3.80 -2.46 8.12
Net Cash Flow -0.02 0.04 0.45 0.92 -1.03 -0.13 -0.12 -0.06 -0.02 0.00 6.62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 12.61% 9.78% 9.54% 12.44% 19.22% 18.78% 28.18% 31.45% 31.70% 22.72%
Debtor Days 72.17 103.94 98.62 131.07 115.53 92.55 102.22 100.59 106.50 113.08 103.07
Inventory Turnover 7.23 7.69 9.57 13.48 11.99 8.26 5.52 3.61 3.71 2.72

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
73.26 73.26 73.26 73.26 73.26 73.26 73.26 73.26 73.26 73.26 73.26 69.61
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.10 0.00 0.00 0.00 0.00 0.00
26.74 26.74 26.74 26.74 26.74 26.74 26.64 26.74 26.74 26.70 26.74 30.39

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