Reliance Capital Ltd

₹ 12.4 1.23%

26 Feb 2024

About

Incorporated in 1986, Reliance Capital Ltd is engaged in the Finance & Investment activities^[1]

Key Points

Business Overview:^[1]^[2]
RCap is a part of Anil Ambani Group and operates as a holding company for group's various entities in the financial services sector. It is a Core Investment Company registered as
a Non-Banking Finance Company –Core Investment Company – Non -Deposit Taking Systemically Important. Company holds investments in its subsidiaries, associates and other group companies which deal in the
financial service sector

Website BSE

Market Cap ₹ 312 Cr.
Current Price ₹ 12.4
High / Low ₹ 16.0 / 8.30
Stock P/E
Book Value ₹ -422
Dividend Yield 0.00 %
ROCE -21.7 %
ROE %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -62.4% over past five years.
Promoter holding is low: 0.88%
Contingent liabilities of Rs.3,076 Cr.

* 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: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	10.00	2.00	1.61	5.36	4.00	4.55	1.62	6.36	8.17	3.36	14.66	13.88	7.05
	3,847.00	3,465.02	-67.69	-147.28	198.00	20.75	216.54	30.95	84.81	1,391.95	-196.69	466.92	4.20
Operating Profit	-3,837.00	-3,463.02	69.30	152.64	-194.00	-16.20	-214.92	-24.59	-76.64	-1,388.59	211.35	-453.04	2.85
OPM %	-38,370.00%	-173,151.00%	4,304.35%	2,847.76%	-4,850.00%	-356.04%	-13,266.67%	-386.64%	-938.07%	-41,327.08%	1,441.68%	-3,263.98%	40.43%
	0.00	0.02	0.01	0.04	0.00	0.00	1.06	0.04	0.33	0.03	0.01	11.55	0.04
Interest	405.00	400.00	401.26	403.55	296.00	8.09	-0.26	0.00	0.56	0.00	0.00	0.00	0.01
Depreciation	2.00	2.00	1.29	2.34	2.00	1.19	1.15	1.12	1.02	0.83	0.84	0.81	0.80
Profit before tax	-4,244.00	-3,865.00	-333.24	-253.21	-492.00	-25.48	-214.75	-25.67	-77.89	-1,389.39	210.52	-442.30	2.08
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-4,244.00	-3,865.00	-333.24	-253.21	-492.00	-25.48	-214.75	-25.67	-77.89	-1,389.39	210.52	-442.30	2.08
EPS in Rs	-167.94	-152.94	-13.19	-10.02	-19.47	-1.01	-8.50	-1.02	-3.08	-54.98	8.33	-17.50	0.08
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	3,295	3,855	3,196	3,975	4,103	1,984	2,583	2,312	1,389	563	16	20	39
	753	953	474	754	635	167	6,276	169	5,057	9,814	7	1,724	1,666
Operating Profit	2,542	2,902	2,722	3,221	3,468	1,817	-3,693	2,143	-3,668	-9,251	9	-1,705	-1,627
OPM %	77%	75%	85%	81%	85%	92%	-143%	93%	-264%	-1,644%	56%	-8,733%	-4,178%
	171	11	58	13	42	87	1	4	2	0	0	1	12
Interest	2,066	2,180	2,282	2,359	2,297	1,360	1,835	1,937	1,764	1,712	1,109	0	0
Depreciation	26	29	34	31	37	27	22	53	35	9	6	4	3
Profit before tax	621	704	464	844	1,176	517	-5,549	157	-5,465	-10,972	-1,106	-1,708	-1,619
Tax %	16%	6%	12%	10%	17%	19%	-4%	0%	0%	0%	0%	0%
	519	662	409	757	977	419	-5,760	157	-5,465	-10,972	-1,106	-1,708	-1,619
EPS in Rs	21.13	26.95	16.65	29.97	38.68	16.59	-227.93	6.21	-216.26	-434.16	-43.76	-67.58	-64.07
Dividend Payout %	36%	48%	51%	30%	26%	63%	-5%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-41%
5 Years:	-62%
3 Years:	-76%
TTM:	88%

Compounded Profit Growth
10 Years:	%
5 Years:	11%
3 Years:	19%
TTM:	-371%

Stock Price CAGR
10 Years:	-28%
5 Years:	-39%
3 Years:	9%
1 Year:	37%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	246	246	244	253	253	253	253	253	253	253	253	253	253
Reserves	10,798	11,266	11,390	12,330	13,028	13,448	8,957	8,615	3,121	-7,864	-8,969	-10,685	-10,923
	18,260	20,833	22,959	21,753	21,544	18,675	20,546	19,454	17,344	17,446	17,446	17,446	17,418
	879	1,212	1,922	1,366	1,529	1,061	2,592	1,423	2,010	3,802	4,931	5,128	5,119
Total Liabilities	30,183	33,557	36,515	35,702	36,354	33,437	32,348	29,745	22,728	13,638	13,661	12,142	11,868
	163	151	182	214	179	308	265	195	131	123	117	112	107
CWIP	0	3	0	0	0	0	0	0	0	0	0	0	0
Investments	13,825	13,675	13,570	12,375	11,246	18,816	24,571	21,185	15,177	11,897	11,891	11,433	11,089
	16,195	19,728	22,763	23,113	24,929	14,313	7,512	8,365	7,420	1,619	1,654	597	673
Total Assets	30,183	33,557	36,515	35,702	36,354	33,437	32,348	29,745	22,728	13,638	13,661	12,142	11,868

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-2,440	-1,350	802	-534	709	-54	-317	-4,519	-4,093	-19	43	68
	2,028	2,041	398	2,795	2,807	-7,509	-904	3,113	6,259	15	39	58
	-160	-340	-211	-3,298	-2,652	8,583	1,646	-1,534	-2,162	0	0	0
Net Cash Flow	-572	351	989	-1,037	864	1,020	425	-2,940	4	-4	82	126

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	21	0	1	0	0	0	1	0	0	1	16	5
Inventory Days
Days Payable
Cash Conversion Cycle	21	0	1	0	0	0	1	0	0	1	16	5
Working Capital Days	140	193	63	368	56	-133	-256	53	-258	-2,062	-98,886	-88,882
ROCE %	10%	9%	8%	9%	10%	6%	-12%	7%	-15%	-61%	0%	-22%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	1.51%	1.51%	1.51%	1.51%	1.51%	0.89%	0.89%	0.89%	0.89%	0.89%	0.89%	0.89%
	0.44%	0.43%	0.57%	0.85%	0.72%	0.72%	0.40%	0.14%	0.00%	0.00%	0.00%	0.00%
	3.07%	3.07%	3.07%	3.08%	3.07%	3.07%	3.07%	3.07%	3.05%	3.05%	2.99%	2.99%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	94.32%	94.34%	94.20%	93.91%	94.04%	94.67%	94.98%	95.25%	95.41%	95.41%	95.47%	95.47%
	0.64%	0.64%	0.64%	0.64%	0.64%	0.64%	0.64%	0.64%	0.63%	0.63%	0.63%	0.63%
No. of Shareholders	7,75,923	7,75,704	7,83,622	7,89,806	7,91,576	7,88,477	7,87,114	7,83,442	7,73,276	7,65,720	7,57,370	7,48,998

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	52.13%	52.31%	52.23%	47.48%	1.51%	1.51%	1.51%	0.89%	0.89%
	16.48%	17.60%	15.98%	24.41%	0.24%	0.42%	0.85%	0.14%	0.00%
	12.23%	12.20%	12.60%	5.74%	3.50%	3.07%	3.08%	3.07%	2.99%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%
	18.49%	17.22%	18.52%	21.70%	94.09%	94.35%	93.91%	95.25%	95.47%
	0.63%	0.64%	0.64%	0.64%	0.64%	0.64%	0.64%	0.64%	0.63%
No. of Shareholders	10,08,890	9,49,982	7,71,157	7,44,477	7,72,614	7,48,379	7,89,806	7,83,442	7,48,998

* 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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Feb 2019
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Nov 2018
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Sep 2018
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Apr 2018
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Feb 2018
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Nov 2017
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Aug 2017

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Jul 2017

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Mar 2017

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Oct 2016

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May 2016

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