Rajnandini Metal Ltd

Rajnandini Metal Ltd

₹ 13.6 -1.44%
21 Feb 4:12 p.m.
About

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]

Key Points

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

  • Market Cap 377 Cr.
  • Current Price 13.6
  • High / Low 21.4 / 8.10
  • Stock P/E 20.6
  • Book Value 1.90
  • Dividend Yield 0.49 %
  • ROCE 29.2 %
  • ROE 38.5 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 70.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.3%
  • Company has been maintaining a healthy dividend payout of 73.5%

Cons

  • Stock is trading at 7.18 times its book value
  • Promoter holding has decreased over last quarter: -7.97%

* 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
210.43 193.53 182.30 258.96 260.30 326.69 260.86 181.07 251.55 335.41 265.86 333.10 297.67
206.82 190.59 179.20 254.60 255.42 321.02 256.01 177.94 245.41 330.10 258.64 325.43 292.19
Operating Profit 3.61 2.94 3.10 4.36 4.88 5.67 4.85 3.13 6.14 5.31 7.22 7.67 5.48
OPM % 1.72% 1.52% 1.70% 1.68% 1.87% 1.74% 1.86% 1.73% 2.44% 1.58% 2.72% 2.30% 1.84%
0.34 0.34 0.37 0.43 0.18 0.27 2.29 4.14 1.59 2.14 0.72 0.94 3.39
Interest 1.32 0.73 0.85 1.08 0.97 1.07 1.36 1.81 2.22 1.90 2.02 2.36 3.26
Depreciation 0.26 0.27 0.25 0.26 0.27 0.37 0.26 0.33 0.30 0.30 0.24 0.31 0.35
Profit before tax 2.37 2.28 2.37 3.45 3.82 4.50 5.52 5.13 5.21 5.25 5.68 5.94 5.26
Tax % 22.78% 28.51% 33.76% 34.20% 21.99% 29.33% 34.96% 34.89% 34.93% 36.19% 19.19% -9.43% 26.62%
1.83 1.64 1.58 2.27 2.99 3.18 3.59 3.34 3.39 3.35 4.59 6.50 3.86
EPS in Rs 0.07 0.06 0.06 0.08 0.11 0.12 0.13 0.12 0.12 0.12 0.17 0.24 0.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6 80 141 137 148 631 1,028 1,029 1,232
6 80 138 133 144 620 1,010 1,009 1,206
Operating Profit 0 0 3 3 4 11 18 19 26
OPM % 0% 1% 2% 2% 3% 2% 2% 2% 2%
0 0 0 0 0 1 1 10 7
Interest 0 0 2 2 2 4 4 7 10
Depreciation 0 0 0 0 0 1 1 1 1
Profit before tax 0 0 1 2 2 7 14 21 22
Tax % 33% 32% 33% 32% 28% 28% 29% 35%
0 0 1 1 1 5 10 14 18
EPS in Rs 0.00 0.03 0.05 0.04 0.04 0.18 0.36 0.49 0.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 18% 202%
Compounded Sales Growth
10 Years: %
5 Years: 49%
3 Years: 91%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 71%
3 Years: 128%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: 87%
3 Years: 73%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: 30%
3 Years: 37%
Last Year: 39%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 3 4 6 6 12 18 28 28
Reserves 0 0 4 7 8 7 11 14 25
0 15 22 25 40 43 51 72 97
6 9 8 1 8 28 27 27 28
Total Liabilities 8 28 38 40 63 90 108 140 178
0 0 1 7 17 25 25 35 34
CWIP 0 0 0 1 5 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0
8 27 38 33 41 65 83 105 144
Total Assets 8 28 38 40 63 90 108 140 178

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 2 2 2 5 -5 -3
0 0 0 -3 -14 -4 -0 -9
0 0 -2 1 12 -1 5 11
Net Cash Flow 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
Debtor Days 381 96 64 54 45 22 11 12
Inventory Days 14 21 44 14 16 23
Days Payable 21 3 20 16 9 9
Cash Conversion Cycle 381 96 57 72 69 20 18 26
Working Capital Days 145 81 73 80 80 22 20 28
ROCE % 5% 10% 9% 18% 25% 29%

Shareholding Pattern

Numbers in percentages

35 Recently

Shareholding pattern is currently not available for this company.

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