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 ₹ 285 Cr.
- Current Price ₹ 10.3
- High / Low ₹ 21.4 / 8.10
- Stock P/E 15.6
- Book Value ₹ 1.90
- Dividend Yield 0.65 %
- 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
- 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.
Peer comparison
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Figures in Rs. Crores
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: | 77% |
3 Years: | 39% |
1 Year: | 4% |
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% |
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