Rico Auto Industries Ltd

Rico Auto Industries Ltd

₹ 141 -2.32%
24 Jun - close price
About

Rico Auto Industries Limited is an integrated Auto Component Manufacturer present in the value chain from ‘Design to Delivery’, it was Incorporated in 1983. It manufactures and supplies Aluminum and Ferrous Machined Components and Assemblies to Original Equipment Manufacturers and Tier-1 customers across the globe. [1][2]

Key Points

Products and Services
The Company’s integrated services include design, development, tooling, casting, machining, assembly, and research across aluminum & ferrous products and electric vehicle products. Some Key products of the company are Clutch, Panel, Housing, and Electric Vehicle Products. [1]

  • Market Cap 1,912 Cr.
  • Current Price 141
  • High / Low 157 / 78.7
  • Stock P/E 47.7
  • Book Value 53.2
  • Dividend Yield 0.53 %
  • ROCE 8.27 %
  • ROE 5.69 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 21.6%

Cons

  • Stock is trading at 2.66 times its book value
  • The company has delivered a poor sales growth of 9.17% over past five years.
  • Company has a low return on equity of 5.86% 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
483 395 478 473 514 563 584 548 603 534 554 524 548
442 366 437 429 471 516 531 494 536 483 500 465 489
Operating Profit 41 29 41 44 43 47 53 54 67 51 54 58 59
OPM % 8% 7% 8% 9% 8% 8% 9% 10% 11% 9% 10% 11% 11%
6 1 4 3 5 4 1 5 6 2 3 4 3
Interest 9 10 11 11 11 11 10 16 15 15 14 16 13
Depreciation 23 22 22 22 25 26 26 29 31 30 30 30 28
Profit before tax 14 -1 11 13 13 15 18 14 27 8 13 16 21
Tax % 27% -13% 40% 27% 35% 29% 56% 31% 4% 29% 50% 34% 21%
11 -1 7 9 9 10 8 10 26 6 6 10 16
EPS in Rs 0.78 -0.09 0.49 0.70 0.64 0.76 0.59 0.70 1.91 0.42 0.50 0.74 1.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,506 1,480 1,346 1,007 1,038 1,209 1,393 1,401 1,470 1,860 2,302 2,160
1,389 1,332 1,249 908 927 1,078 1,249 1,287 1,381 1,702 2,081 1,938
Operating Profit 117 149 97 99 111 131 144 114 89 158 221 222
OPM % 8% 10% 7% 10% 11% 11% 10% 8% 6% 8% 10% 10%
53 26 227 10 15 12 13 16 14 13 18 12
Interest 69 67 53 20 17 19 27 31 39 42 54 58
Depreciation 87 94 85 47 46 54 58 80 80 91 112 118
Profit before tax 14 13 187 41 63 70 72 19 -16 38 74 57
Tax % 61% 79% 18% 28% 18% 17% 29% 12% 12% 37% 31% 32%
5 3 154 30 52 58 51 17 -14 24 51 39
EPS in Rs 0.40 0.25 11.34 2.18 3.81 4.27 3.73 1.23 -1.05 1.75 3.62 2.83
Dividend Payout % 38% 40% 26% 28% 20% 19% 21% 24% -19% 23% 21% 21%
Compounded Sales Growth
10 Years: 4%
5 Years: 9%
3 Years: 14%
TTM: -6%
Compounded Profit Growth
10 Years: 31%
5 Years: -7%
3 Years: 80%
TTM: -18%
Stock Price CAGR
10 Years: 22%
5 Years: 18%
3 Years: 45%
1 Year: 38%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 331 335 437 457 510 550 602 607 592 620 676 707
499 349 186 227 236 272 379 418 554 599 754 688
378 472 241 205 200 234 323 381 477 548 492 486
Total Liabilities 1,221 1,170 878 902 960 1,069 1,317 1,420 1,636 1,781 1,936 1,895
678 672 399 388 428 452 605 692 733 825 1,019 1,077
CWIP 51 35 34 70 44 63 80 63 63 88 79 82
Investments 0 0 48 6 27 26 0 0 0 2 2 4
492 463 397 439 460 528 632 665 840 865 835 732
Total Assets 1,221 1,170 878 902 960 1,069 1,317 1,420 1,636 1,781 1,936 1,895

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
213 291 -21 35 75 86 128 117 23 216 160 247
-156 -72 246 -13 -68 -78 -180 -132 -100 -198 -228 -103
-53 -221 -231 -22 -8 -1 69 2 80 -24 77 -153
Net Cash Flow 5 -2 -6 1 -1 7 16 -13 2 -6 9 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39 41 40 52 58 69 71 69 87 71 63 56
Inventory Days 65 65 50 89 78 75 79 91 120 100 75 84
Days Payable 78 110 65 96 91 92 95 125 164 153 104 110
Cash Conversion Cycle 26 -3 25 45 45 52 55 36 43 17 34 30
Working Capital Days 6 -24 19 44 48 45 44 41 67 42 42 40
ROCE % 8% 10% 6% 10% 11% 12% 12% 6% 2% 7% 10%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.32% 50.32% 50.32% 50.32% 50.32% 50.32% 50.32% 50.33% 50.33% 50.33% 50.33% 50.33%
0.07% 0.30% 0.45% 0.73% 0.71% 1.03% 1.43% 1.14% 1.95% 1.12% 1.11% 1.84%
0.92% 1.87% 0.96% 0.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
48.69% 47.50% 48.27% 47.99% 48.96% 48.64% 48.23% 48.52% 47.72% 48.55% 48.56% 47.82%
No. of Shareholders 73,11573,95473,26873,05372,80870,33166,43267,01667,06776,19578,68398,186

* 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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Documents

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