Rex Pipes & Cables Industries Ltd
Incorporated in 2002, Rex Pipes And Cables Industries Ltd trades in water pumps, flat cables and pipes
- Market Cap ₹ 73.8 Cr.
- Current Price ₹ 78.2
- High / Low ₹ 90.4 / 39.0
- Stock P/E 17.4
- Book Value ₹ 30.8
- Dividend Yield 0.00 %
- ROCE 15.4 %
- ROE 17.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.53 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.50%
- Company has a low return on equity of 14.0% over last 3 years.
* 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: Plastic products Industry: Plastics Products
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|
| 35 | 37 | 32 | 60 | 102 | 117 | 124 | |
| 32 | 33 | 27 | 55 | 96 | 109 | 114 | |
| Operating Profit | 3 | 4 | 5 | 5 | 6 | 9 | 10 |
| OPM % | 8% | 10% | 15% | 8% | 6% | 7% | 8% |
| 0 | 1 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 2 | 1 | 2 | 2 |
| Profit before tax | 2 | 2 | 1 | 2 | 3 | 5 | 6 |
| Tax % | 25% | 33% | 25% | 28% | 27% | 28% | |
| 1 | 1 | 1 | 1 | 2 | 4 | 4 | |
| EPS in Rs | 2.05 | 2.11 | 1.26 | 1.82 | 2.22 | 4.21 | 4.68 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 54% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 67% |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 90% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 9 | 9 | 9 |
| Reserves | 3 | 4 | 5 | 11 | 14 | 20 |
| 17 | 15 | 20 | 26 | 25 | 34 | |
| 6 | 8 | 6 | 6 | 10 | 8 | |
| Total Liabilities | 33 | 34 | 38 | 52 | 58 | 72 |
| 14 | 12 | 12 | 12 | 12 | 12 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 |
| 19 | 21 | 26 | 40 | 46 | 53 | |
| Total Assets | 33 | 34 | 38 | 52 | 58 | 72 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 2 | 9 | -3 | 2 | 5 | ||
| -4 | -0 | -1 | -2 | -2 | ||
| 2 | -9 | 4 | 3 | -4 | ||
| Net Cash Flow | 0 | -0 | 0 | 3 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 90 | 111 | 60 | 63 | 76 | |
| Inventory Days | 80 | 149 | 93 | 60 | 43 | |
| Days Payable | 54 | 100 | 20 | 11 | 19 | |
| Cash Conversion Cycle | 116 | 160 | 133 | 112 | 100 | |
| Working Capital Days | 121 | 148 | 120 | 106 | 100 | |
| ROCE % | 11% | 12% | 11% | 15% |
Business Overview:[1]
RPCI is a plastic processing company which offers wide range of plastic and copper products i.e. HDPE and PVC Pipes and Cables with a variety of applications in Agriculture, Domestic and Business use. The cables are
manufactured using bright annealed electrolytic grade copper 99.99% pure, manufactured in the house and is insulated with virgin grade PVC.
All of products are sold under the company's brand "REX".