Ritco Logistics Ltd

Ritco Logistics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ritco Logistics Ltd

₹ 265 0.38%
23 Apr - close price
ritcologistics.com BSE: 542383 NSE : RITCO
About

Incorporated in 2001, Ritco Logistics Limited provides surface logistics services, including transportation of cargo and warehousing services. The company caters to a wide range of industries such as petrochemicals, steel, textiles, pharmaceuticals, petroleum, and automobile, among others. [1]

Key Points

Services
The company is a complete 3PL (Third-party logistics) provider with the following services:
Contract Logistics - Bulk/FTL/LTL/Part Load, Liquid Logistics, Multi-Modal Movement (Rail-Road-Rail),
LTL Services and Warehouse & Distribution. [1]

Website BSE NSE
  • Market Cap ₹ 649 Cr.
  • Current Price ₹ 265
  • High / Low ₹ 309 / 145
  • Stock P/E 20.8
  • Book Value ₹ 67.0
  • Dividend Yield 0.00 %
  • ROCE 15.5 %
  • ROE 18.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 19.9% CAGR over last 5 years

Cons

  • Stock is trading at 3.96 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.1% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
150.02 114.12 147.35 157.62 174.11 167.95 191.21 194.58 196.74 207.86 234.64 238.92
141.48 106.13 136.10 147.18 163.24 157.62 177.77 180.95 182.12 190.73 215.45 219.00
Operating Profit 8.54 7.99 11.25 10.44 10.87 10.33 13.44 13.63 14.62 17.13 19.19 19.92
OPM % 5.69% 7.00% 7.63% 6.62% 6.24% 6.15% 7.03% 7.00% 7.43% 8.24% 8.18% 8.34%
2.79 0.39 0.61 0.31 2.06 1.65 0.31 0.46 1.15 0.44 0.99 1.31
Interest 4.97 3.35 3.51 3.21 3.22 3.43 3.79 4.46 4.80 4.96 5.40 5.59
Depreciation 3.07 2.26 2.16 2.22 1.96 1.29 1.21 1.28 1.43 2.44 3.21 3.32
Profit before tax 3.29 2.77 6.19 5.32 7.75 7.26 8.75 8.35 9.54 10.17 11.57 12.32
Tax % 29.48% 25.63% 30.37% 23.87% 25.42% 22.31% 26.97% 22.51% 34.70% 26.94% 26.27% 27.19%
2.32 2.06 4.31 4.04 5.78 5.64 6.39 6.47 6.24 7.44 8.53 8.97
EPS in Rs 0.95 0.84 1.76 1.65 2.36 2.30 2.61 2.64 2.55 3.04 3.48 3.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
177 196 252 308 312 324 342 406 489 472 587 748 878
173 194 243 298 303 313 313 362 452 440 546 695 807
Operating Profit 4 2 10 9 9 11 28 44 37 31 41 53 71
OPM % 2% 1% 4% 3% 3% 4% 8% 11% 8% 7% 7% 7% 8%
-0 -0 1 4 1 3 1 1 4 3 3 3 4
Interest -0 -0 7 6 5 5 7 12 13 14 13 17 21
Depreciation 1 1 2 2 2 4 7 15 16 12 9 5 10
Profit before tax 3 1 1 4 2 5 15 19 11 8 22 34 44
Tax % 34% 32% -37% 31% 33% 22% 34% 35% 22% 25% 27% 27%
2 1 2 3 1 4 10 12 9 6 16 25 31
EPS in Rs 2.97 0.84 1.17 2.28 1.08 2.84 5.13 4.96 3.61 2.47 6.65 10.10 12.73
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 15%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 40%
TTM: 28%
Stock Price CAGR
10 Years: %
5 Years: 31%
3 Years: 141%
1 Year: 42%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 13%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 13 13 13 13 19 24 24 24 24 24 24
Reserves 13 14 16 19 20 24 29 68 77 83 99 124 140
57 49 48 36 53 53 96 110 134 137 173 207 262
13 19 8 4 3 7 11 7 7 5 6 9 9
Total Liabilities 90 88 85 72 90 97 155 209 243 250 303 364 435
12 18 18 14 19 18 43 56 42 33 22 38 67
CWIP 5 -0 -0 -0 -0 -0 -0 0 1 1 -0 -0 -0
Investments -0 -0 -0 -0 -0 -0 2 1 1 1 -0 0 0
73 70 67 58 71 79 111 152 199 215 281 327 368
Total Assets 90 88 85 72 90 97 155 209 243 250 303 364 435

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 -0 5 4 -4 8 -0 6 -11 9 -29 11
-0 -0 1 6 -6 -1 -35 -40 -2 -2 6 -19
-0 -0 -4 -11 12 -5 36 39 16 -11 22 16
Net Cash Flow -0 -0 1 -1 2 2 2 5 4 -4 -1 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 116 105 83 60 72 74 100 103 111 132 124 118
Inventory Days
Days Payable
Cash Conversion Cycle 116 105 83 60 72 74 100 103 111 132 124 118
Working Capital Days 116 89 76 52 72 68 84 93 112 140 154 138
ROCE % 1% 10% 9% 9% 19% 18% 11% 9% 13% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04% 73.04%
0.00% 0.00% 0.00% 0.00% 0.03% 0.03% 0.03% 0.03% 0.02% 0.03% 0.03% 0.03%
26.96% 26.96% 26.96% 26.96% 26.93% 26.92% 26.94% 26.94% 26.94% 26.93% 26.93% 26.93%
No. of Shareholders 5195405845871,4693,0053,2143,1233,0573,4044,8025,543

* 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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