Rajeshwari Cans Ltd

Rajeshwari Cans Ltd

₹ 171 3.50%
26 Jul - close price
About

Incorporated in 2018, Rajeshwari Cans Ltd manufactures Containers & Packaging products

Key Points

Product Profile:[1]
Company manufactures round printed tin containers of sizes 50 Gm/Ml. to 5 Kgs/Liters used for packing of tobacco and snuff. It also manufactures MS Drums available between 5 Kgs to 30 Kgs

  • Market Cap 89.9 Cr.
  • Current Price 171
  • High / Low 202 / 105
  • Stock P/E 67.6
  • Book Value 19.1
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 15.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 34.8 to 25.3 days.
  • Company's working capital requirements have reduced from 72.6 days to 50.0 days

Cons

  • Stock is trading at 8.96 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.2% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Packaging Industry: Packaging

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Half Yearly Results

Figures in Rs. Crores

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
7.91 11.84 11.05 14.09 16.48 16.18 15.44 19.14
7.26 10.97 10.37 13.15 15.09 14.91 14.13 17.62
Operating Profit 0.65 0.87 0.68 0.94 1.39 1.27 1.31 1.52
OPM % 8.22% 7.35% 6.15% 6.67% 8.43% 7.85% 8.48% 7.94%
0.02 0.08 0.06 0.04 0.01 0.00 0.01 0.01
Interest 0.27 0.32 0.24 0.26 0.24 0.30 0.17 0.18
Depreciation 0.29 0.43 0.34 0.35 0.31 0.31 0.26 0.38
Profit before tax 0.11 0.20 0.16 0.37 0.85 0.66 0.89 0.97
Tax % 27.27% 30.00% 25.00% 27.03% 27.06% 34.85% 26.97% 29.90%
0.08 0.14 0.11 0.27 0.63 0.44 0.65 0.68
EPS in Rs 0.25 0.43 0.21 0.51 1.20 0.84 1.24 1.30
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18.49 21.32 22.09 19.76 25.15 32.65 34.58
17.03 19.61 20.48 18.24 23.52 29.91 31.76
Operating Profit 1.46 1.71 1.61 1.52 1.63 2.74 2.82
OPM % 7.90% 8.02% 7.29% 7.69% 6.48% 8.39% 8.16%
0.00 0.00 0.01 0.10 0.09 0.01 0.01
Interest 0.69 0.74 0.66 0.59 0.50 0.62 0.34
Depreciation 0.54 0.74 0.70 0.73 0.70 0.61 0.64
Profit before tax 0.23 0.23 0.26 0.30 0.52 1.52 1.85
Tax % 52.17% 34.78% 34.62% 30.00% 28.85% 29.61% 28.65%
0.11 0.16 0.17 0.22 0.38 1.06 1.33
EPS in Rs 0.59 0.86 0.91 0.68 0.72 2.02 2.54
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 34.54% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 21%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 53%
3 Years: 82%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 104%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 12%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1.98 1.87 1.87 3.23 5.25 5.25 5.25
Reserves 0.00 0.16 0.32 0.54 2.40 3.47 4.79
5.96 6.52 6.29 6.46 6.70 5.16 3.77
3.67 4.67 3.91 5.10 4.64 5.32 7.72
Total Liabilities 11.61 13.22 12.39 15.33 18.99 19.20 21.53
4.35 4.38 3.97 5.40 4.96 6.78 7.60
CWIP 0.00 0.00 0.22 0.00 0.00 1.27 1.46
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7.26 8.84 8.20 9.93 14.03 11.15 12.47
Total Assets 11.61 13.22 12.39 15.33 18.99 19.20 21.53

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.25 0.53 0.58 1.00 -1.83 3.34 2.38
-1.41 -0.77 -0.52 -1.94 -0.26 -3.70 -1.65
0.33 -0.33 0.42 0.92 2.17 -0.02 -0.70
Net Cash Flow 0.16 -0.57 0.48 -0.02 0.09 -0.37 0.04

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 60.80 61.97 67.75 65.20 52.39 26.83
Inventory Days 83.99 111.53 60.42 125.20 147.76 122.75
Days Payable 112.41 107.93 102.18 153.54 93.01 80.69
Cash Conversion Cycle 32.38 65.58 25.98 36.86 107.14 68.89
Working Capital Days 49.75 60.09 51.22 65.94 114.65 52.99
ROCE % 11.76% 10.80% 9.51% 8.30% 15.16%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
61.57% 61.57% 61.57% 61.57% 61.57% 61.57%
38.43% 38.43% 38.42% 38.43% 38.44% 38.43%
No. of Shareholders 142122909093105

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