Rajnandini Metal Ltd
Incorporated in 2010, Rajnandini Metal Ltd in the business of manufacturing, trading, and dealing in high-grade Copper Continuous Casting Rods and copper wires[1]
- Market Cap ₹ 153 Cr.
- Current Price ₹ 5.52
- High / Low ₹ 14.9 / 3.98
- Stock P/E
- Book Value ₹ 2.04
- Dividend Yield 0.00 %
- ROCE 8.11 %
- ROE -3.84 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 29.2 days to 22.6 days
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 31.6%
- Earnings include an other income of Rs.8.33 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -41.6%
* 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
Industrials Capital Goods Industrial Products Aluminium, Copper & Zinc Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 13m | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
6 | 80 | 141 | 137 | 148 | 631 | 1,028 | 1,029 | 1,212 | 1,034 | |
6 | 80 | 138 | 133 | 144 | 620 | 1,010 | 1,009 | 1,191 | 1,030 | |
Operating Profit | 0 | 0 | 3 | 3 | 4 | 11 | 18 | 19 | 21 | 3 |
OPM % | 0% | 1% | 2% | 2% | 3% | 2% | 2% | 2% | 2% | 0% |
0 | 0 | 0 | 0 | 0 | 1 | 1 | 10 | 8 | 8 | |
Interest | 0 | 0 | 2 | 2 | 2 | 4 | 4 | 7 | 11 | 13 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 0 | 0 | 1 | 2 | 2 | 7 | 14 | 21 | 17 | -3 |
Tax % | 33% | 32% | 33% | 32% | 28% | 28% | 29% | 35% | 12% | -20% |
0 | 0 | 1 | 1 | 1 | 5 | 10 | 14 | 15 | -2 | |
EPS in Rs | 0.00 | 0.03 | 0.05 | 0.04 | 0.04 | 0.18 | 0.36 | 0.49 | 0.55 | -0.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 18% | 20% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 47% |
3 Years: | 0% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -114% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -41% |
1 Year: | -48% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 19% |
Last Year: | -4% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 3 | 4 | 6 | 6 | 12 | 18 | 28 | 28 | 28 |
Reserves | 0 | 0 | 4 | 7 | 8 | 7 | 11 | 14 | 29 | 29 |
0 | 15 | 22 | 25 | 40 | 43 | 51 | 72 | 100 | 44 | |
6 | 9 | 8 | 1 | 8 | 28 | 27 | 27 | 7 | 47 | |
Total Liabilities | 8 | 28 | 38 | 40 | 63 | 90 | 108 | 140 | 164 | 148 |
0 | 0 | 1 | 7 | 17 | 25 | 25 | 35 | 34 | 33 | |
CWIP | 0 | 0 | 0 | 1 | 5 | 0 | 0 | 0 | 1 | 2 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
8 | 27 | 38 | 33 | 41 | 65 | 83 | 105 | 129 | 113 | |
Total Assets | 8 | 28 | 38 | 40 | 63 | 90 | 108 | 140 | 164 | 148 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 2 | 2 | 2 | 5 | -5 | -3 | -20 | 62 | |
0 | 0 | 0 | -3 | -14 | -4 | -0 | -9 | 2 | 5 | |
0 | 0 | -2 | 1 | 12 | -1 | 5 | 11 | 17 | -67 | |
Net Cash Flow | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 381 | 96 | 64 | 54 | 45 | 22 | 11 | 12 | 7 | 4 |
Inventory Days | 14 | 21 | 44 | 14 | 16 | 23 | 31 | 34 | ||
Days Payable | 21 | 3 | 20 | 16 | 9 | 9 | 2 | 16 | ||
Cash Conversion Cycle | 381 | 96 | 57 | 72 | 69 | 20 | 18 | 26 | 36 | 22 |
Working Capital Days | 145 | 81 | 73 | 80 | 80 | 22 | 20 | 28 | 37 | 23 |
ROCE % | 5% | 10% | 9% | 18% | 25% | 29% | 21% | 8% |
Documents
Announcements
-
Copy of Newspaper Publication
31 May 2025 - Audited FY25 results show net loss; company contests Rs 290.70 Cr GST demand, no provision made.
-
Disclosure under SEBI Takeover Regulations
30 May 2025 - Promoters hold 31.60% shares with no encumbrance as of March 31, 2025.
-
Outcome of Board Meeting
29 May 2025 - Qualified audit due to Rs. 307.68 Cr GST and Income Tax demands; company contests liabilities legally.
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
27 May 2025 - RAJNANDINI METAL LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Appointment
27 May 2025 - Appointed Ashok Kalra as MD for 2 years; reconstituted Stakeholder and CSR Committees.
Business Overview:[1]
RML used to do trading of scrap of all types
of ferrous and Non-ferrous Metals such as Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications. After FY19, company started manufacturing Copper Rods, Wires, etc. in a variety of grades, thicknesses, widths, and standards of copper according to customer specifications