Rama Phosphates Ltd

₹ 231 1.87%
31 Jan - close price
About

Rama Phosphates is engaged in manufacturing phosphatic fertilisers, viz., SSP, fortified fertilisers, namely boronated SSP, as well as sulphuric acid and its derivatives. It also has a soya oil division engaged in extraction of soya oil. RPL markets its fertilisers under the brands, ‘Suryaphool’ and ‘Girnar’ in the states of Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, Gujarat, Uttar Pradesh and Haryana. [1]

Key Points

Strong Brand Image
The company’s trademark fertilizer brands both “GIRNAR” and “SURYAPHOOL” have a wider acceptance in the market and continue to cater to the growing needs of the farming community. The recent entrant in the stable “SAMPURN” is gaining strong foothold and the same is turning out to be a niche product. [1]

  • Market Cap 409 Cr.
  • Current Price 231
  • High / Low 517 / 225
  • Stock P/E 7.21
  • Book Value 168
  • Dividend Yield 0.87 %
  • ROCE 39.6 %
  • ROE 29.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 52.4% CAGR over last 5 years

Cons

  • Promoters have pledged 68.0% of their holding.

* 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: Fertilizers Industry: Fertilizers

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
124 117 97 105 115 151 209 183 248 240 208 175 250
118 108 93 95 98 135 190 153 214 208 197 149 227
Operating Profit 6 8 4 10 17 16 19 30 34 32 10 25 23
OPM % 5% 7% 4% 10% 15% 11% 9% 16% 14% 13% 5% 14% 9%
0 0 1 0 0 0 0 0 0 0 3 0 0
Interest 1 0 0 1 1 0 0 1 1 2 1 2 2
Depreciation 1 1 1 1 1 1 2 2 2 2 5 3 3
Profit before tax 5 7 3 9 15 15 18 27 31 29 8 20 19
Tax % 39% 6% 27% 27% 26% 22% 27% 26% 27% 25% 21% 24% 26%
Net Profit 3 7 2 7 11 11 13 20 23 21 6 15 14
EPS in Rs 1.57 3.85 1.41 3.71 6.39 6.48 7.22 11.25 12.84 12.14 3.35 8.74 7.79
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
354 554 617 532 399 389 382 375 607 448 580 878 872
311 494 570 531 400 364 361 356 566 425 517 767 781
Operating Profit 43 60 48 1 -1 25 21 19 40 24 63 112 91
OPM % 12% 11% 8% 0% -0% 6% 6% 5% 7% 5% 11% 13% 10%
6 2 3 9 1 1 4 1 1 5 1 4 4
Interest 6 8 11 10 10 11 9 8 8 3 2 11 7
Depreciation 4 4 4 4 4 4 3 3 3 4 5 11 12
Profit before tax 38 50 35 -3 -14 12 13 8 31 22 57 94 75
Tax % 13% 33% 27% 35% 28% 32% 32% 34% 36% 19% 26% 25%
Net Profit 33 34 26 -2 -10 8 8 5 19 18 42 70 57
EPS in Rs 18.91 18.99 14.49 -1.19 -5.52 4.56 4.80 3.05 10.96 9.99 23.80 39.59 32.02
Dividend Payout % 0% 0% 6% -42% 0% 18% 21% 33% 9% 10% 8% 5%
Compounded Sales Growth
10 Years: 5%
5 Years: 18%
3 Years: 13%
TTM: 10%
Compounded Profit Growth
10 Years: 8%
5 Years: 52%
3 Years: 53%
TTM: -15%
Stock Price CAGR
10 Years: 13%
5 Years: 18%
3 Years: 69%
1 Year: -39%
Return on Equity
10 Years: 12%
5 Years: 18%
3 Years: 22%
Last Year: 30%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 55 89 113 109 98 104 113 116 134 148 187 252 280
50 61 63 53 58 54 51 47 27 24 6 48 37
50 116 145 109 105 115 119 98 114 109 101 125 157
Total Liabilities 173 284 338 288 279 291 301 279 292 299 311 443 491
25 22 36 34 32 34 32 31 33 43 72 79 78
CWIP 3 12 3 6 6 4 4 5 13 20 5 14 15
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
144 250 299 248 241 253 265 243 247 236 234 349 398
Total Assets 173 284 338 288 279 291 301 279 292 299 311 443 491

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12 32 15 24 7 18 12 13 21 26 44 2
-4 -10 -9 -4 -3 -2 -3 -2 -12 -21 -21 -32
-10 -12 -13 -20 -5 -14 -10 -10 -9 -5 -23 29
Net Cash Flow -2 10 -8 -0 -2 1 -1 1 -0 0 -0 -0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 9 24 52 40 51 73 71 55 34 39 24 9
Inventory Days 149 86 72 104 118 72 97 128 82 132 111 116
Days Payable 44 73 81 68 107 116 138 113 69 105 70 47
Cash Conversion Cycle 115 37 42 76 62 29 31 70 48 66 66 78
Working Capital Days 94 79 91 91 115 123 135 138 78 99 79 87
ROCE % 44% 40% 26% 3% -2% 13% 12% 9% 21% 12% 29% 40%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.00 0.00 0.00 0.00
0.07 0.07 0.07 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
24.94 24.94 24.94 24.97 24.97 24.97 24.91 24.97 24.97 24.97 24.97 24.97

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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