Ranjeet Mechatronics Ltd

₹ 6.75 7.14%

02 Sep - close price

ranjeet.co.in BSE - SME: 541945

About

Ranjeet Mechatronics Ltd is an Ahmedabad-based, single-segment turnkey contractor/system integrator for fire protection, detection, security, automation and allied MEP works, and a dealer of pumps, valves, motors and engines. It was incorporated on 10 June 1993 as Ranjeet Electric Pvt Ltd, renamed Ranjeet Mechatronics Pvt Ltd in February 2016 and converted to its present public-company name in May 2018. ^[1]

Key Points

Business evolution & model:
The promoter family's fluid-transfer dealership traces to a 1949 proprietorship; the legal company began in 1993. Fire/MEP contractor Himgiri Solutions Pvt Ltd and pipe/fire/security contractor Destiny Zone Security Systems Pvt Ltd were amalgamated into Ranjeet Electric with appointed date 1 April 2014 and effective date 20 January 2016, transferring their businesses /assets/liabilities. RML now executes design-engineering, procurement/supply, installation, testing, commissioning, handover, AMC and support, obtaining work through direct/consultant enquiries and tenders. ^[1] ^[2]

Website BSE

Market Cap ₹ 27.0 Cr.
Current Price ₹ 6.75
High / Low ₹ 9.98 / 4.26
Stock P/E 81.8
Book Value ₹ 5.31
Dividend Yield 0.00 %
ROCE 5.45 %
ROE 1.56 %
Face Value ₹ 5.00

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 0.40% over past five years.
Company has a low return on equity of 1.93% over last 3 years.
Company has high debtors of 166 days.
Promoter holding has decreased over last 3 years: -3.88%

* 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

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Detailed Comparison with:

Half Yearly Results

Figures in Rs. Crores

	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	24.20	6.59	22.08	11.16	24.29	19.58	20.07	5.14	11.43	3.10	7.69	14.88	14.26
	22.88	5.80	20.98	9.95	22.72	18.23	18.78	4.27	10.99	3.10	5.51	13.73	13.81
Operating Profit	1.32	0.79	1.10	1.21	1.57	1.35	1.29	0.87	0.44	0.00	2.18	1.15	0.45
OPM %	5.45%	11.99%	4.98%	10.84%	6.46%	6.89%	6.43%	16.93%	3.85%	0.00%	28.35%	7.73%	3.16%
	0.20	0.01	0.00	0.03	0.00	0.00	0.00	0.00	0.33	0.03	0.45	0.03	0.11
Interest	0.91	0.59	0.93	1.06	0.92	0.83	0.67	0.66	0.68	0.61	0.70	0.53	0.52
Depreciation	0.15	0.13	0.08	0.08	0.09	0.07	0.08	0.05	0.09	0.05	0.05	0.05	0.07
Profit before tax	0.46	0.08	0.09	0.10	0.56	0.45	0.54	0.16	0.00	-0.63	1.88	0.60	-0.03
Tax %	28.26%	25.00%	66.67%	10.00%	26.79%	20.00%	33.33%	25.00%		-1.59%	16.49%	36.67%	100.00%
	0.33	0.05	0.04	0.08	0.41	0.35	0.36	0.12	0.00	-0.62	1.57	0.39	-0.06
EPS in Rs	0.12	0.02	0.02	0.03	0.16	0.13	0.14	0.05	0.00	-0.16	0.39	0.10	-0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11.40	25.25	17.61	17.78	32.78	34.91	28.56	34.50	37.73	16.55	10.79	29.14
	11.50	23.52	15.54	15.05	30.07	32.29	26.78	32.67	37.01	15.25	8.60	27.53
Operating Profit	-0.10	1.73	2.07	2.73	2.71	2.62	1.78	1.83	0.72	1.30	2.19	1.61
OPM %	-0.88%	6.85%	11.75%	15.35%	8.27%	7.51%	6.23%	5.30%	1.91%	7.85%	20.30%	5.53%
	0.13	0.03	0.03	0.25	0.88	0.29	0.12	0.98	1.92	0.34	0.48	0.14
Interest	0.00	1.20	1.05	1.36	1.54	1.69	1.52	1.98	1.50	1.34	1.32	1.05
Depreciation	0.00	0.33	0.30	0.28	0.44	0.30	0.21	0.17	0.15	0.14	0.10	0.12
Profit before tax	0.03	0.23	0.75	1.34	1.61	0.92	0.17	0.66	0.99	0.16	1.25	0.58
Tax %	0.00%	30.43%	32.00%	32.09%	26.09%	27.17%	47.06%	25.76%	28.28%	25.00%	24.00%	41.38%
	0.03	0.16	0.51	0.90	1.19	0.68	0.09	0.50	0.71	0.13	0.95	0.33
EPS in Rs	0.17	0.73	2.32	4.09	0.45	0.26	0.03	0.19	0.27	0.03	0.24	0.08
Dividend Payout %	0.00%	0.00%	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:	1%
5 Years:	0%
3 Years:	-8%
TTM:	170%

Compounded Profit Growth
10 Years:	8%
5 Years:	30%
3 Years:	-23%
TTM:	-51%

Stock Price CAGR
10 Years:	%
5 Years:	26%
3 Years:	-8%
1 Year:	-39%

Return on Equity
10 Years:	5%
5 Years:	3%
3 Years:	2%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.45	0.55	0.55	0.55	6.60	6.60	6.60	6.60	6.60	10.00	10.00	20.00
Reserves	0.36	0.61	1.12	2.04	4.74	5.41	5.50	6.00	6.71	10.24	11.02	1.23
	5.03	8.63	10.96	13.79	9.21	12.49	14.60	11.89	13.42	8.53	8.59	8.93
	1.61	8.27	8.21	6.04	8.30	9.26	12.39	15.29	7.11	4.09	4.72	6.20
Total Liabilities	7.45	18.06	20.84	22.42	28.85	33.76	39.09	39.78	33.84	32.86	34.33	36.36
	1.07	1.86	1.76	2.28	1.58	1.29	1.08	0.98	0.92	0.79	0.70	0.73
CWIP	0.00	0.00	0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.00	5.71	5.47	5.78
	6.37	16.20	18.78	20.14	27.27	32.47	38.01	38.80	29.92	26.36	28.16	29.85
Total Assets	7.45	18.06	20.84	22.42	28.85	33.76	39.09	39.78	33.84	32.86	34.33	36.36

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.00	1.62	-0.67	0.19	-2.12	-0.33	-1.70	4.21	3.81	-0.09	2.64	0.67
	0.00	-0.26	-0.47	-0.95	0.28	-0.54	0.34	0.04	-2.57	-2.33	-1.19	0.07
	0.00	-1.31	1.33	0.86	1.58	1.34	1.34	-4.69	-0.20	0.57	-1.42	-0.84
Net Cash Flow	0.00	0.05	0.19	0.10	-0.26	0.48	-0.02	-0.44	1.04	-1.86	0.03	-0.10
Free Cash Flow	0.00	1.34	-1.17	-0.31	-1.51	-0.33	-1.71	4.14	3.72	-0.10	3.02	0.52
CFO/OP	0%	99%	-20%	7%	-78%	2%	-85%	240%	586%	-4%	137%	57%

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	126.79	119.69	183.85	106.54	80.50	92.01	148.25	135.00	68.78	170.48	235.10	165.59
Inventory Days		112.37	226.61	340.20	226.18	235.62	319.36	262.87	184.48	449.47	890.34	205.73
Days Payable		121.20	153.61	146.56	103.17	93.02	159.53	150.84	35.21	72.63	195.20	63.68
Cash Conversion Cycle	126.79	110.86	256.85	300.18	203.52	234.61	308.08	247.03	218.05	547.32	930.25	307.64
Working Capital Days	149.84	42.64	54.51	105.52	138.29	129.33	173.43	150.76	117.54	357.06	545.64	206.55
ROCE %	0.57%		16.06%	18.61%	15.22%	11.59%	6.60%	10.31%	9.72%	5.41%	7.47%	5.45%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Employees
employees

				xx	xx	xx	xx	xx	xx	xx	xx
x.xx	x.xx	xx.xx	xx.xx	x.xx			xx.xx	xx.xx
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Sale of Services as % of Total Revenue
% of total revenue

Top 10 Customer Concentration
% of total sales

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	66.34%	67.07%	67.07%	71.98%	71.98%	71.98%	71.98%	71.98%	68.10%	68.10%	68.10%	68.10%
	33.66%	32.93%	32.93%	28.02%	28.03%	28.02%	28.02%	28.02%	31.90%	31.90%	31.90%	31.90%
No. of Shareholders	60	54	56	48	48	49	54	79	128	271	286	267

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	61.98%	66.34%	67.07%	71.98%	71.98%	71.98%	68.10%	68.10%
	38.02%	33.66%	32.93%	28.02%	28.02%	28.02%	31.90%	31.90%
No. of Shareholders	69	61	54	48	49	79	271	267

Ranjeet Mechatronics Ltd

Ranjeet Mechatronics Ltd

Peer comparison

Half Yearly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports