Rico Auto Industries Ltd

About [ edit ]

Rico Auto Industries is engaged in the business of manufacturing and sale of auto components for two wheelers and four wheelers

  • Market Cap 502 Cr.
  • Current Price 37.2
  • High / Low 46.3 / 22.1
  • Stock P/E
  • Book Value 43.8
  • Dividend Yield 0.81 %
  • ROCE 5.59 %
  • ROE 3.32 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.85 times its book value
  • Company has been maintaining a healthy dividend payout of 21.53%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.80% over past five years.
  • Company has a low return on equity of 8.07% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
332.44 349.14 361.22 334.54 347.76 365.32 362.66 342.38 330.71 143.39 397.47 445.91
293.82 309.60 318.67 298.06 322.68 336.65 332.56 309.48 308.64 156.00 374.85 406.74
Operating Profit 38.62 39.54 42.55 36.48 25.08 28.67 30.10 32.90 22.07 -12.61 22.62 39.17
OPM % 11.62% 11.32% 11.78% 10.90% 7.21% 7.85% 8.30% 9.61% 6.67% -8.79% 5.69% 8.78%
Other Income 0.15 -0.26 3.58 0.87 8.78 3.16 3.00 5.59 4.17 2.64 2.57 3.21
Interest 5.79 5.58 6.66 5.71 8.84 7.30 6.97 7.82 9.11 9.24 10.42 10.25
Depreciation 14.10 14.08 14.54 14.49 14.59 19.04 19.85 20.73 19.95 14.38 20.41 23.31
Profit before tax 18.88 19.62 24.93 17.15 10.43 5.49 6.28 9.94 -2.82 -33.59 -5.64 8.82
Tax % 1.11% 22.48% 27.48% 36.50% 34.32% 27.87% 5.57% -6.84% -36.17% 26.56% 20.39% 49.09%
Net Profit 18.67 15.24 18.08 10.89 6.56 4.00 5.92 10.75 -4.08 -24.35 -4.71 4.38
EPS in Rs 1.38 1.13 1.34 0.80 0.48 0.30 0.44 0.79 -0.30 -1.80 -0.35 0.32

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
904 995 1,315 1,505 1,506 1,480 1,346 1,007 1,038 1,209 1,393 1,401 1,317
832 916 1,191 1,378 1,389 1,332 1,427 910 927 1,078 1,249 1,287 1,246
Operating Profit 73 79 124 127 117 149 -81 97 111 131 144 114 71
OPM % 8% 8% 9% 8% 8% 10% -6% 10% 11% 11% 10% 8% 5%
Other Income 25 20 17 49 53 26 405 11 15 12 13 16 13
Interest 46 41 52 70 69 67 53 20 17 19 27 31 39
Depreciation 54 57 65 71 87 94 85 47 46 54 58 80 78
Profit before tax -3 1 24 35 14 13 187 41 63 70 72 19 -33
Tax % -98% 512% 45% 35% 61% 79% 18% 28% 18% 17% 29% 12%
Net Profit -5 -5 13 22 5 3 153 29 52 58 51 17 -29
EPS in Rs -0.43 -0.41 0.98 1.66 0.40 0.25 11.34 2.18 3.81 4.27 3.73 1.23 -2.13
Dividend Payout % -145% -126% 20% 9% 38% 40% 26% 28% 20% 19% 21% 24%
Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:11%
TTM:-7%
Compounded Profit Growth
10 Years:17%
5 Years:7%
3 Years:-27%
TTM:-180%
Stock Price CAGR
10 Years:7%
5 Years:-1%
3 Years:-23%
1 Year:56%
Return on Equity
10 Years:6%
5 Years:8%
3 Years:8%
Last Year:3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
13 13 14 14 14 14 14 14 14 14 14 14 14
Reserves 285 286 308 328 331 335 437 457 510 550 602 607 580
Borrowings 391 442 475 479 499 349 186 227 236 272 379 418 385
213 284 361 332 378 472 241 205 200 234 323 381 503
Total Liabilities 901 1,024 1,158 1,153 1,221 1,170 878 902 960 1,069 1,317 1,420 1,480
511 562 585 560 678 672 399 388 428 452 605 692 690
CWIP 50 62 91 85 51 35 34 70 44 63 80 63 77
Investments -0 -0 -0 -0 -0 -0 48 6 27 26 -0 -0 -0
341 401 482 508 492 463 397 439 460 528 632 665 713
Total Assets 901 1,024 1,158 1,153 1,221 1,170 878 902 960 1,069 1,317 1,420 1,480

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
105 104 130 112 213 291 -21 35 75 86 128 119
-104 -115 -103 -33 -156 -72 246 -13 -68 -78 -180 -135
-51 12 -22 -92 -53 -221 -231 -22 -8 -1 69 2
Net Cash Flow -50 1 5 -13 5 -2 -6 1 -1 7 16 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 6% 6% 9% 9% 8% 10% 6% 10% 11% 12% 12% 6%
Debtor Days 40 52 44 46 39 41 40 52 58 69 71 69
Inventory Turnover 5.02 5.08 5.73 5.85 5.99 5.93 6.74 5.20 5.32 6.09 5.98 4.93

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
50.07 50.09 50.09 50.20 50.20 50.28 50.28 50.30 50.30 50.30 50.30 50.32
0.86 0.91 0.91 0.91 0.91 0.68 0.30 0.19 0.07 0.10 0.07 0.07
8.33 8.55 8.79 8.95 8.90 7.89 7.78 7.73 6.38 2.26 1.32 0.96
0.03 0.03 0.48 0.48 0.48 0.48 0.00 0.00 0.00 0.00 0.00 0.00
40.71 40.41 39.73 39.46 39.50 40.66 41.64 41.78 43.25 47.34 48.32 48.65

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