Reliance Communications Ltd

About

Reliance Communications has established a pan-India, next generation, digital network that is capable of supporting best-of-class services spanning the entire communications value chain. RCOM owns and operate the worlds largest next generation IP enabled connectivity infrastructure, comprising of fibre optic cable systems in India and globally.

  • Market Cap 816 Cr.
  • Current Price 2.95
  • High / Low 5.49 / 1.50
  • Stock P/E
  • Book Value -207
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 5.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -50.51% over past five years.
  • Promoter holding is low: 5.18%
  • Contingent liabilities of Rs.12377.00 Cr.
  • Company has high debtors of 215.16 days.
  • Promoter holding has decreased over last 3 years: -48.32%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
1,070 962 865 302 261 257 212 197 174 177 149 136
1,057 3,562 966 29,157 586 539 1,571 1,571 370 427 1,716 1,724
Operating Profit 13 -2,600 -101 -28,855 -325 -282 -1,359 -1,374 -196 -250 -1,567 -1,588
OPM % 1% -270% -12% -9,555% -125% -110% -641% -697% -113% -141% -1,052% -1,168%
Other Income 13 -3,479 1 -1,246 -10,206 -1,233 3 2 -1,199 -1,228 5 12
Interest 52 39 47 1 8 6 12 11 13 12 12 12
Depreciation 215 197 214 59 60 21 36 39 40 39 37 39
Profit before tax -241 -6,315 -361 -30,161 -10,599 -1,542 -1,404 -1,422 -1,448 -1,529 -1,611 -1,627
Tax % 2% -23% -1% -0% -0% -0% -0% -0% -0% 0% -0% -0%
Net Profit -238 -7,767 -366 -30,158 -10,598 -1,549 -1,407 -1,420 -1,446 -1,518 -1,607 -1,624
EPS in Rs -0.86 -28.09 -1.32 -109.05 -38.32 -5.60 -5.09 -5.13 -5.23 -5.49 -5.81 -5.87

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
21,496 22,431 19,677 20,561 21,238 24,787 25,594 6,554 4,593 4,015 1,685 760 636
14,520 14,020 11,142 14,589 14,575 17,593 18,342 6,937 27,673 8,771 33,771 6,379 4,237
Operating Profit 6,977 8,411 8,535 5,972 6,663 7,194 7,252 -383 -23,080 -4,756 -32,086 -5,619 -3,601
OPM % 32% 38% 43% 29% 31% 29% 28% -6% -502% -118% -1,904% -739% -566%
Other Income 3,545 743 -2,045 1,187 1,007 324 388 86 96 975 -10,161 19 -2,410
Interest 1,552 1,133 1,630 2,499 3,019 2,755 2,924 255 186 192 62 48 49
Depreciation 3,747 6,504 3,978 3,845 4,535 3,817 4,484 821 721 820 354 154 155
Profit before tax 5,223 1,517 882 815 116 946 232 -1,373 -23,891 -4,793 -42,663 -5,802 -6,215
Tax % 9% 1% -12% 9% -880% 34% -184% 7% -0% -51% -0% -0%
Net Profit 4,655 1,345 928 672 1,047 714 639 -1,403 -23,839 -7,206 -42,671 -5,791 -6,195
EPS in Rs 22.55 6.52 4.50 3.26 5.07 2.87 2.57 -5.64 -86.20 -26.06 -154.30 -20.94 -22.40
Dividend Payout % 4% 8% 6% 8% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -29%
5 Years: -51%
3 Years: -45%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 21%
Stock Price CAGR
10 Years: -28%
5 Years: -39%
3 Years: -43%
1 Year: 74%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
1,032 1,032 1,032 1,032 1,032 1,244 1,244 1,244 1,383 1,383 1,383 1,383 1,383
Reserves 42,329 39,467 35,264 32,818 31,764 36,692 30,730 27,325 1,400 -5,563 -49,539 -55,289 -58,536
Borrowings 29,715 39,071 38,303 41,547 41,978 39,828 46,912 49,061 47,234 48,583 45,584 45,576 45,576
19,493 15,153 17,666 14,785 14,477 13,520 22,640 18,431 22,044 23,126 50,564 56,146 59,287
Total Liabilities 92,569 94,723 92,265 90,182 89,251 91,284 101,526 96,061 72,061 67,529 47,992 47,816 47,710
64,596 59,498 71,461 70,513 68,553 65,037 69,712 70,843 20,839 9,707 3,713 3,561 3,497
CWIP 11,656 16,600 5,026 3,864 3,190 2,688 9,840 2,890 265 195 193 196 186
Investments 4,160 570 652 662 723 1,395 30 32 32 12,033 55 57 57
12,157 18,055 15,126 15,143 16,785 22,164 21,944 22,296 50,925 45,594 44,031 44,002 43,970
Total Assets 92,569 94,723 92,265 90,182 89,251 91,284 101,526 96,061 72,061 67,529 47,992 47,816 47,710

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
9,616 2,434 5,752 3,825 6,839 3,158 14,106 -388 964 374 19 328
-1,859 -6,458 -4,571 -2,068 -2,099 -3,126 -14,950 812 -268 719 -355 -6
-8,622 8,071 -5,497 -1,576 -4,967 820 436 -173 -904 -868 -54 -55
Net Cash Flow -864 4,047 -4,316 181 -227 852 -408 251 -208 225 -390 267

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 56 61 66 69 67 72 43 181 170 122 106 215
Inventory Days
Days Payable
Cash Conversion Cycle 56 61 66 69 67 72 43 181 170 122 106 215
Working Capital Days -126 -23 -42 7 14 69 -42 -65 2,102 2,247 -1,524 -6,131
ROCE % 9% 3% 3% 4% 4% 5% 4% -1% -37% -7% -155%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
53.08 22.00 22.00 10.48 10.48 5.18 5.18 5.18 5.18 5.18 5.18 5.18
8.42 8.28 7.75 5.05 4.24 3.11 0.18 0.20 0.18 0.17 0.21 0.17
7.14 10.30 8.05 4.85 4.87 4.87 4.87 4.81 4.69 4.69 4.69 4.69
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03
30.55 58.61 61.39 78.81 79.59 86.03 88.97 89.00 89.15 89.17 89.13 89.17
0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77

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