Ritco Logistics Ltd

About [ edit ]

The group is a complete 3PL service provider with the following in-house verticals #:

Contract Logistics – Bulk/ FTL/ LTL/Part Load.
Liquid Logistics.
Multi Model Movement(Road-Rail- Road)
LTL Services
Warehouse and Distribution

  • Market Cap 59.7 Cr.
  • Current Price 24.4
  • High / Low 26.6 / 7.12
  • Stock P/E 6.70
  • Book Value 41.4
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 9.20 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.59 times its book value
  • Company has delivered good profit growth of 75.22% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -26.27%
  • The company has delivered a poor sales growth of 9.72% over past five years.

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
177 196 252 308 312 324 342 406 489
173 194 243 298 303 313 313 362 452
Operating Profit 4 2 10 9 9 11 28 44 37
OPM % 2% 1% 4% 3% 3% 4% 8% 11% 8%
Other Income 0 0 1 4 1 3 1 2 4
Interest 0 0 7 6 5 5 7 12 13
Depreciation 1 1 2 2 2 4 7 15 16
Profit before tax 3 1 1 4 2 5 15 19 11
Tax % 34% 32% -37% 31% 33% 22% 34% 35% 22%
Net Profit 2 1 2 3 1 4 10 12 9
EPS in Rs 2.97 0.84 1.17 2.28 1.08 2.84 5.13 4.96 3.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:11%
5 Years:10%
3 Years:15%
TTM:20%
Compounded Profit Growth
10 Years:16%
5 Years:75%
3 Years:64%
TTM:-27%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:150%
Return on Equity
10 Years:%
5 Years:12%
3 Years:15%
Last Year:9%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7 7 13 13 13 13 19 24 24
Reserves 13 13 16 19 20 24 29 68 77
Borrowings 57 49 48 36 53 53 96 110 134
14 19 8 4 3 7 11 7 7
Total Liabilities 90 88 85 72 90 97 155 209 243
12 18 18 14 19 18 43 56 42
CWIP 5 0 0 0 0 0 0 0 1
Investments 0 0 0 0 0 0 2 1 1
73 70 67 58 71 79 111 152 199
Total Assets 90 88 85 72 90 97 155 209 243

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 0 5 4 -4 8 -0 6 -11
0 0 1 6 -6 -1 -35 -40 -2
0 0 -4 -11 12 -5 36 39 16
Net Cash Flow 0 0 1 -1 2 2 2 5 4

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 1% 10% 9% 9% 19% 18% 11%
Debtor Days 116 105 83 60 72 74 100 103 111
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Dec 2020 Mar 2021
73.04 73.04 73.04 73.04 73.04 46.77
26.96 26.96 26.96 26.96 26.96 53.23

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