Reliance Industrial Infrastructure Ltd

Reliance Industrial Infrastructure Ltd

₹ 1,308 0.20%
26 Apr - close price
About

Reliance Industrial Infrastructure Limited is mainly engaged in the business of setting up/operating industrial infrastructure. It is a Reliance Group Company (RIL holdings 45.43%). The Company has its operations mainly in the Mumbai and the Rasayani regions of Maharashtra, Surat, and Jamnagar belts of Gujarat.[1][2]

Key Points

History
The Company was incorporated in September 1988 as a Public Limited Company under the name of "Chembur Patalganga Pipelines Limited". The name of the Company was subsequently changed to "CPPL Limited" in September 1992 and thereafter to its present name viz., "Reliance Industrial Infrastructure Limited" in March 1994. The Company commenced its commercial operation in March 1992. [1]

  • Market Cap 1,976 Cr.
  • Current Price 1,308
  • High / Low 1,605 / 835
  • Stock P/E 148
  • Book Value 312
  • Dividend Yield 0.27 %
  • ROCE 4.20 %
  • ROE 2.95 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 41.3%
  • Debtor days have improved from 43.8 to 20.7 days.

Cons

  • Stock is trading at 4.19 times its book value
  • The company has delivered a poor sales growth of -7.24% over past five years.
  • Company has a low return on equity of 2.50% over last 3 years.
  • Earnings include an other income of Rs.27.7 Cr.
  • Working capital days have increased from 645 days to 1,159 days

* 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: Logistics Industry: Miscellaneous

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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
15.08 15.66 16.74 16.39 16.40 16.52 16.62 17.28 17.63 14.27 14.36 14.95 14.51
13.72 14.81 16.01 15.08 15.81 14.97 16.92 16.47 16.86 16.56 15.68 15.79 16.22
Operating Profit 1.36 0.85 0.73 1.31 0.59 1.55 -0.30 0.81 0.77 -2.29 -1.32 -0.84 -1.71
OPM % 9.02% 5.43% 4.36% 7.99% 3.60% 9.38% -1.81% 4.69% 4.37% -16.05% -9.19% -5.62% -11.78%
4.42 4.73 5.03 4.35 3.26 2.09 4.97 3.78 11.96 7.03 7.19 6.50 7.01
Interest 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
Depreciation 3.01 2.53 2.56 2.56 2.49 1.79 1.49 1.55 1.06 0.83 0.64 0.58 0.56
Profit before tax 2.77 3.05 3.20 3.10 1.36 1.85 3.18 3.04 11.67 3.91 5.23 5.08 4.74
Tax % -8.30% 21.31% 20.00% 24.84% 21.32% 24.32% 28.93% 22.70% 1.03% 27.88% 39.39% 28.54% 22.15%
3.01 2.40 2.55 2.33 1.07 1.41 2.26 2.36 11.54 2.82 3.18 3.63 3.69
EPS in Rs 1.99 1.59 1.69 1.54 0.71 0.93 1.50 1.56 7.64 1.87 2.11 2.40 2.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
71 90 102 93 89 85 80 54 65 68 58
37 64 80 74 73 74 72 49 61 65 64
Operating Profit 34 26 22 19 16 11 7 5 4 3 -6
OPM % 47% 29% 22% 20% 18% 13% 9% 10% 7% 4% -11%
10 11 12 16 14 17 18 18 17 23 28
Interest 2 0 0 0 0 0 0 0 0 0 0
Depreciation 5 11 12 14 14 14 14 13 10 6 3
Profit before tax 37 26 22 21 16 14 11 10 11 20 19
Tax % 34% 10% 24% 18% 33% 31% 12% 4% 22% 11% 30%
45 23 17 17 11 9 10 10 8 18 13
EPS in Rs 29.77 15.21 10.95 11.27 7.20 6.17 6.43 6.39 5.53 11.64 8.82
Dividend Payout % 12% 23% 32% 31% 49% 49% 47% 47% 54% 30% 40%
Compounded Sales Growth
10 Years: %
5 Years: -7%
3 Years: 2%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 11%
TTM: 21%
Stock Price CAGR
10 Years: 12%
5 Years: 32%
3 Years: 53%
1 Year: 57%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 15 15 15 15 15 15 15 15 15
Reserves 174 277 314 327 339 356 355 397 420 416 456
25 0 0 0 0 0 0 0 0 0 0
250 57 54 42 44 39 44 37 35 45 62
Total Liabilities 464 349 382 384 398 410 414 449 470 476 534
39 111 114 102 89 78 64 53 43 37 29
CWIP 202 3 4 5 6 4 3 2 2 0 0
Investments 29 187 221 243 262 292 300 351 392 268 321
194 47 44 34 41 36 47 43 34 172 184
Total Assets 464 349 382 384 398 410 414 449 470 476 534

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
134 41 16 26 12 13 1 -4 6 23 2
-92 -33 -10 -19 -7 -7 5 7 -1 -19 3
-42 -6 -6 -6 -6 -6 -6 -5 -5 -5 -5
Net Cash Flow -0 1 0 1 -1 -0 1 -2 0 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 65 78 75 76 62 112 132 91 20 21
Inventory Days
Days Payable
Cash Conversion Cycle 44 65 78 75 76 62 112 132 91 20 21
Working Capital Days -165 12 35 31 49 44 55 115 62 714 1,159
ROCE % 5% 3% 5% 4% 3% 3% 3% 3%

Shareholding Pattern

Numbers in percentages

16 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43%
0.01% 0.16% 0.32% 0.69% 0.67% 0.71% 0.78% 0.80% 1.17% 1.12% 0.98% 1.56%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
54.53% 54.38% 54.22% 53.85% 53.87% 53.82% 53.76% 53.73% 53.38% 53.41% 53.56% 52.96%
No. of Shareholders 86,68585,93984,34686,27788,43487,39487,46688,28085,26483,32980,16881,712

* 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.

Click on the line-items to see the names of individual entities.

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