Reliance Industrial Infrastructure Ltd

₹ 1,024 1.76%
25 Nov - 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 1,545 Cr.
  • Current Price 1,024
  • High / Low 1,258 / 646
  • Stock P/E 219
  • Book Value 282
  • Dividend Yield 0.29 %
  • ROCE 2.53 %
  • ROE 1.97 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 49.3%

Cons

  • Stock is trading at 3.64 times its book value
  • The company has delivered a poor sales growth of -6.90% over past five years.
  • Company has a low return on equity of 2.34% over last 3 years.
  • Earnings include an other income of Rs.14.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
19.97 19.98 19.47 12.94 13.63 12.67 15.08 15.66 16.74 16.39 16.40 16.52 16.62
17.86 18.61 17.83 11.68 12.43 11.19 13.72 14.81 16.01 15.08 15.81 14.97 16.92
Operating Profit 2.11 1.37 1.64 1.26 1.20 1.48 1.36 0.85 0.73 1.31 0.59 1.55 -0.30
OPM % 10.57% 6.86% 8.42% 9.74% 8.80% 11.68% 9.02% 5.43% 4.36% 7.99% 3.60% 9.38% -1.81%
4.08 4.82 4.50 4.45 4.54 4.32 4.42 4.73 5.03 4.35 3.26 2.09 4.97
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 3.54 3.50 3.45 3.45 3.33 3.22 3.01 2.53 2.56 2.56 2.49 1.79 1.49
Profit before tax 2.65 2.69 2.69 2.26 2.41 2.58 2.77 3.05 3.20 3.10 1.36 1.85 3.18
Tax % 6.42% 8.55% 0.37% 9.29% 9.13% 6.98% -8.30% 21.31% 20.00% 24.84% 21.32% 24.32% 28.93%
Net Profit 2.46 2.46 2.69 2.05 2.19 2.40 3.01 2.40 2.55 2.33 1.07 1.41 2.26
EPS in Rs 1.63 1.63 1.78 1.36 1.45 1.59 1.99 1.59 1.69 1.54 0.71 0.93 1.50
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 TTM
70.99 90.09 101.76 93.21 88.87 84.58 79.80 54.31 65.19 65.93
37.42 63.90 79.76 74.15 72.51 73.60 72.45 48.99 60.94 62.78
Operating Profit 33.57 26.19 22.00 19.06 16.36 10.98 7.35 5.32 4.25 3.15
OPM % 47.29% 29.07% 21.62% 20.45% 18.41% 12.98% 9.21% 9.80% 6.52% 4.78%
9.71 10.74 12.17 16.22 13.81 16.75 17.73 17.72 16.60 14.67
Interest 2.14 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.00
Depreciation 4.58 11.33 12.32 14.43 13.91 14.20 14.04 13.02 10.14 8.33
Profit before tax 36.56 25.60 21.85 20.85 16.26 13.53 11.04 10.02 10.71 9.49
Tax % 33.73% 10.23% 24.35% 18.37% 33.21% 31.12% 12.14% 3.79% 22.04%
Net Profit 44.95 22.97 16.53 17.02 10.87 9.32 9.71 9.65 8.35 7.07
EPS in Rs 29.77 15.21 10.95 11.27 7.20 6.17 6.43 6.39 5.53 4.68
Dividend Payout % 11.76% 23.01% 31.97% 31.05% 48.62% 48.61% 46.65% 46.94% 54.25%
Compounded Sales Growth
10 Years: %
5 Years: -7%
3 Years: -8%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: -3%
3 Years: -4%
TTM: -32%
Stock Price CAGR
10 Years: 10%
5 Years: 12%
3 Years: 49%
1 Year: 48%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 2%
Last Year: 2%

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 Sep 2022
15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10 15.10
Reserves 174.05 277.14 313.71 327.19 338.94 355.59 355.18 396.86 419.82 409.99
25.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
249.94 56.96 53.67 41.96 44.00 39.34 44.09 36.66 35.49 44.14
Total Liabilities 464.09 349.20 382.48 384.25 398.04 410.03 414.37 448.62 470.41 469.23
38.57 111.22 113.97 101.55 88.86 78.11 64.17 52.81 42.62 39.34
CWIP 202.29 3.31 3.50 5.19 5.93 3.56 3.33 1.68 1.68 1.68
Investments 29.25 187.49 221.07 243.36 262.02 292.39 300.17 350.74 391.85 234.59
193.98 47.18 43.94 34.15 41.23 35.97 46.70 43.39 34.26 193.62
Total Assets 464.09 349.20 382.48 384.25 398.04 410.03 414.37 448.62 470.41 469.23

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
134.06 40.64 16.11 26.31 12.39 13.10 1.28 -3.50 5.81
-92.03 -33.26 -9.76 -19.17 -7.29 -7.14 5.42 6.59 -0.82
-42.28 -6.04 -6.31 -6.32 -6.31 -6.42 -5.57 -4.60 -4.61
Net Cash Flow -0.25 1.34 0.04 0.82 -1.22 -0.46 1.14 -1.50 0.38

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
Debtor Days 43.86 64.82 77.76 75.46 75.98 62.14 111.97 132.26 91.04
Inventory Days
Days Payable
Cash Conversion Cycle 43.86 64.82 77.76 75.46 75.98 62.14 111.97 132.26 91.04
Working Capital Days -165.46 12.24 34.69 31.17 48.63 44.15 54.52 115.33 61.93
ROCE % 5.26% 2.95% 4.67% 3.73% 2.98% 2.56% 2.53%

Shareholding Pattern

Numbers in percentages

158 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
45.43 45.43 45.43 45.43 45.43 45.43 45.43 45.43 45.43 45.43 45.43 45.43
0.00 0.00 0.00 0.08 0.00 0.00 0.01 0.16 0.32 0.69 0.67 0.71
0.50 0.46 0.41 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
54.07 54.11 54.16 54.46 54.54 54.54 54.53 54.38 54.22 53.85 53.87 53.82

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