Rachana Infrastructure Ltd
₹ 35.8
-0.83%
02 Apr
3:40 p.m.
About
Incorporated in 2001, Rachana Infrastructure
Ltd is in business of Infrastructure Projects
and Quarry Mining and Trading[1]
Key Points
- Market Cap ₹ 66.6 Cr.
- Current Price ₹ 35.8
- High / Low ₹ 53.9 / 27.6
- Stock P/E 14.9
- Book Value ₹ 53.0
- Dividend Yield 0.00 %
- ROCE 7.15 %
- ROE 4.19 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.68 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -9.42% over past five years.
- Company has a low return on equity of 3.75% over last 3 years.
- Contingent liabilities of Rs.50.3 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.
Peer comparison
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 48 | 52 | 112 | 154 | 104 | 63 | 64 | 91 | 94 | 112 | |
| 41 | 44 | 97 | 141 | 94 | 57 | 57 | 84 | 87 | 103 | |
| Operating Profit | 7 | 8 | 15 | 14 | 9 | 6 | 6 | 7 | 7 | 9 |
| OPM % | 14% | 15% | 14% | 9% | 9% | 10% | 9% | 8% | 8% | 8% |
| 2 | 2 | 2 | 4 | 3 | 3 | 2 | 2 | 3 | 2 | |
| Interest | 3 | 3 | 6 | 6 | 5 | 4 | 3 | 3 | 2 | 3 |
| Depreciation | 3 | 3 | 4 | 4 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 2 | 4 | 6 | 8 | 5 | 3 | 3 | 5 | 6 | 6 |
| Tax % | 30% | 32% | 25% | 27% | 12% | 25% | 26% | 20% | 26% | |
| 1 | 3 | 5 | 6 | 5 | 2 | 2 | 4 | 4 | 4 | |
| EPS in Rs | 2.58 | 5.05 | 8.86 | 11.35 | 8.94 | 1.40 | 1.21 | 1.95 | 2.20 | 2.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -9% |
| 3 Years: | 14% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | -8% |
| 3 Years: | 22% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -56% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 16 | 19 | 19 | 19 | 19 |
| Reserves | 21 | 23 | 23 | 29 | 46 | 34 | 72 | 75 | 79 | 80 |
| 27 | 22 | 35 | 33 | 32 | 29 | 13 | 13 | 9 | 17 | |
| 10 | 13 | 16 | 39 | 10 | 25 | 12 | 19 | 15 | 4 | |
| Total Liabilities | 63 | 64 | 80 | 106 | 93 | 104 | 115 | 126 | 122 | 119 |
| 38 | 34 | 18 | 15 | 10 | 11 | 27 | 29 | 27 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 10 | 10 | 22 | 18 | 0 | 0 | 0 | 17 |
| 25 | 30 | 52 | 82 | 60 | 75 | 88 | 96 | 94 | 93 | |
| Total Assets | 63 | 64 | 80 | 106 | 93 | 104 | 115 | 126 | 122 | 119 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 5 | 7 | 9 | -3 | 3 | 6 | -8 | 11 | -0 | |
| -6 | 1 | -4 | -0 | 3 | -2 | -10 | -4 | 7 | |
| 0 | -8 | -4 | 2 | -6 | -4 | 19 | -5 | -7 | |
| Net Cash Flow | -1 | 0 | 1 | -1 | -0 | 0 | 1 | 3 | -1 |
| Free Cash Flow | -1 | 7 | 5 | -3 | 6 | 4 | -8 | 7 | -0 |
| CFO/OP | 92% | 98% | 56% | -18% | 33% | 120% | -120% | 173% | 10% |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 135 | 140 | 77 | 103 | 81 | 101 | 126 | 100 | 90 |
| Inventory Days | 7 | 6 | 24 | 80 | 181 | 30 | |||
| Days Payable | 251 | 285 | 19 | 95 | 553 | 74 | |||
| Cash Conversion Cycle | -109 | -139 | 82 | 103 | 81 | 101 | 111 | -272 | 46 |
| Working Capital Days | -25 | -15 | 17 | 34 | 81 | 133 | 303 | 212 | 223 |
| ROCE % | 12% | 21% | 12% | 8% | 6% | 7% | 7% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Road Construction (Lane Kilometers) Kilometers |
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| Gross Block of Plant and Machinery INR Lakhs |
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| Total Employees on Roll Numbers |
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| Unexecuted Order Book INR Crore |
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| Percentage Completion (Weighted Average) % |
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Documents
Announcements
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Action(s) taken or orders passed
31 March 2026 - Order dated 27-Mar-2026: Rs.11.69 Crore GST demand for FY2019-20 and FY2020-21; company to appeal.
-
Action(s) initiated or orders passed
27 March 2026 - Received Feb 21, 2026 order: penalty ₹1,17,59,147 and compensation ₹48,21,250 for unauthorized excavation (67,195.128 MT).
-
Trading Window
26 March 2026 - Trading window closed from 1 April 2026 until 48 hours post audited results for year/half year ending 31 March 2026.
-
Awarding of order(s)/contract(s)
9 March 2026 - LOA from NHAI for Rs21,40,61,155 for PQC service roads on NH-48 Gujarat; 60-day execution.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 January 2026 - Certificate under Regulation 74(5) for quarter ended Dec 31, 2025; no dematerializations.
Business Overview:[1][2]
Company is an NSE SME Listed company, certified under ISO 9001:2008 and registered as AA” CLASS & Special Cat. I (Roads) with Govt. of Gujarat, engaged in the business of Construction of Road projects on a Bill of Quantities (BOQ) and EPC and provides services of Road work, Area Grading Work and Canal Work, etc. It got contracts from the Government (Zilla Panchayat) at a very small scale. In addition, company got sub contracts from the infrastructure Companies from Gujarat, Madhya Pradesh, Maharashtra, etc. for construction of Buildings, Road Construction, Irrigation, Hydro power Project and Mining