Rajnish Wellness Ltd

Rajnish Wellness Ltd

₹ 7.31 -1.35%
16 Apr 4:01 p.m.
About

Incorporated in 2015, Mumbai-based Rajnish Wellness Limited is a company engaged in the business of selling various products in categories ranging from consumer durables to ayurvedic personal care products. The Company's major focus area is sexual wellness, energy revitalization, and personal care products.[1]

Key Points

History[1] Rajnish Wellness is the extension and expansion of Rajnish Hot Deal Pvt Ltd. Co. started as a small teleshopping venture with the name- Quick Service (QS) Advertising in 2009 and has grown into a brand in ayurvedic product industry dedicated to people’s personal and sexual wellness.

  • Market Cap 562 Cr.
  • Current Price 7.31
  • High / Low 17.8 / 5.76
  • Stock P/E
  • Book Value 1.09
  • Dividend Yield 0.00 %
  • ROCE 1.27 %
  • ROE 0.88 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 6.72 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 16.2%
  • Company has a low return on equity of 0.99% over last 3 years.
  • Company has high debtors of 287 days.
  • Promoter holding has decreased over last 3 years: -53.3%

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7.86 9.50 3.05 4.58 6.74 7.87 5.71 8.51 18.51 21.62
8.87 9.17 5.34 5.22 6.62 7.92 7.33 8.48 18.47 21.33
Operating Profit -1.01 0.33 -2.29 -0.64 0.12 -0.05 -1.62 0.03 0.04 0.29
OPM % -12.85% 3.47% -75.08% -13.97% 1.78% -0.64% -28.37% 0.35% 0.22% 1.34%
0.18 0.03 0.67 1.44 0.13 0.57 0.65 0.83 0.23 0.00
Interest 0.04 0.02 0.24 -0.11 0.04 0.01 0.18 0.13 0.14 0.12
Depreciation 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.87 0.34 -1.87 0.91 0.21 0.51 -1.15 0.73 0.13 0.17
Tax % 0.00% 23.53% -3.74% 25.27% 23.81% 25.49% 25.22% 24.66% 23.08% 35.29%
-0.87 0.25 -1.94 0.68 0.16 0.38 -0.86 0.55 0.10 0.10
EPS in Rs -0.03 0.01 -0.06 0.01 0.00 0.00 -0.01 0.01 0.00 0.00
Raw PDF
Upcoming result date: 19 April 2024

Profit & Loss

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
25.22 27.50 41.67 13.75 13.34 26.44 25.72 54.35
24.03 24.20 35.15 13.61 16.51 26.63 26.83 55.61
Operating Profit 1.19 3.30 6.52 0.14 -3.17 -0.19 -1.11 -1.26
OPM % 4.72% 12.00% 15.65% 1.02% -23.76% -0.72% -4.32% -2.32%
0.00 1.15 0.29 0.19 3.64 0.94 1.79 1.71
Interest 0.23 0.76 0.88 0.89 0.30 0.28 0.04 0.57
Depreciation 0.01 0.05 0.06 0.05 0.06 0.01 0.01 0.00
Profit before tax 0.95 3.64 5.87 -0.61 0.11 0.46 0.63 -0.12
Tax % 32.63% 32.97% 27.77% 1.64% 18.18% 15.22% 26.98%
0.64 2.43 4.23 -0.61 0.10 0.39 0.46 -0.11
EPS in Rs 1.88 0.11 0.13 -0.02 0.00 0.01 0.01 0.00
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: 23%
TTM: 144%
Compounded Profit Growth
10 Years: %
5 Years: -28%
3 Years: 40%
TTM: 85%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 250%
1 Year: -55%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.05 3.41 4.67 4.67 4.67 10.52 76.85 76.85
Reserves 0.96 2.61 17.56 16.95 17.05 11.60 6.13 6.78
2.74 3.81 4.66 7.71 0.00 0.00 0.00 5.44
4.63 7.77 4.82 3.81 12.81 12.99 15.92 8.79
Total Liabilities 8.38 17.60 31.71 33.14 34.53 35.11 98.90 97.86
0.05 0.10 0.11 0.06 0.00 0.03 0.05 0.07
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.33 17.50 31.60 33.08 34.53 35.08 98.85 97.79
Total Assets 8.38 17.60 31.71 33.14 34.53 35.11 98.90 97.86

Cash Flows

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.67 -3.23 -8.98 -6.51 0.09 -0.01 -62.08
-0.04 -0.11 -0.07 0.00 0.00 -0.03 -0.03
1.31 3.30 10.47 5.05 -0.03 0.78 61.54
Net Cash Flow -0.40 -0.04 1.41 -1.46 0.06 0.74 -0.57

Ratios

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 59.34 181.70 163.97 318.28 459.67 223.64 286.52
Inventory Days 151.87 74.91 77.48 47.93 26.57 31.95 59.23
Days Payable 120.80 145.22 27.41 55.76 50.49 17.19 55.12
Cash Conversion Cycle 90.40 111.39 214.05 310.45 435.76 238.40 290.63
Working Capital Days 50.65 125.83 219.25 758.67 791.02 406.55 448.87
ROCE % 64.80% 36.76% 1.00% 1.61% 3.38% 1.27%

Shareholding Pattern

Numbers in percentages

12 Recently
Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Jul 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.53% 69.53% 69.53% 43.86% 39.10% 16.05% 16.05% 16.05% 16.24% 16.24% 16.24% 16.24%
1.23% 1.23% 1.23% 1.23% 0.00% 0.00% 0.00% 0.08% 0.00% 0.00% 0.00% 1.09%
29.23% 29.24% 29.23% 54.91% 60.90% 83.95% 83.94% 83.86% 83.77% 83.76% 83.77% 82.67%
No. of Shareholders 1191681662682,3094,81816,13319,04518,66220,00124,47545,013

* 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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