RKEC Projects Ltd

RKEC Projects Limited, formerly RKEC Projects Private Limited, is a construction company, which is primarily engaged in the business of civil construction, such as construction of highways, roads and bridges.

Pros:
Stock is providing a good dividend yield of 4.44%.
Company has good consistent profit growth of 48.48% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 32.13%
Cons:
Contingent liabilities of Rs.107.52 Cr.

Peer Comparison Sector: Construction // Industry: Construction

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
79.40 57.26 70.84 112.58 197.24 239.72
69.96 47.72 61.41 99.52 168.70 200.97
Operating Profit 9.44 9.54 9.43 13.06 28.54 38.75
OPM % 11.89% 16.66% 13.31% 11.60% 14.47% 16.16%
Other Income 1.89 0.52 0.87 0.87 2.88 1.05
Interest 3.61 4.25 3.24 5.32 8.43 4.17
Depreciation 3.49 3.55 4.02 3.44 2.74 3.09
Profit before tax 4.23 2.26 3.04 5.17 20.25 32.54
Tax % 33.81% 52.21% 35.53% 38.30% 36.15% 37.43%
Net Profit 2.80 1.08 1.96 3.19 12.93 20.35
EPS in Rs 8.28
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 22.40% 23.58%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:24.73%
3 Years:50.13%
TTM:21.54%
Compounded Profit Growth
10 Years:%
5 Years:48.48%
3 Years:117.42%
TTM:70.86%
Return on Equity
10 Years:%
5 Years:25.92%
3 Years:32.13%
Last Year:36.69%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
9.66 9.66 9.66 9.66 19.31 23.99
Reserves 9.79 10.87 12.78 15.97 16.90 50.74
Borrowings 14.97 20.19 10.49 14.98 0.48 15.45
44.62 27.16 23.47 71.88 76.56 59.50
Total Liabilities 79.04 67.88 56.40 112.49 113.25 149.68
19.92 17.34 14.96 12.21 10.81 14.25
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00
59.12 50.54 41.44 100.28 102.44 135.43
Total Assets 79.04 67.88 56.40 112.49 113.25 149.68

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
3.85 1.86 -9.59 24.73 19.50 -24.00
0.83 0.30 -0.77 0.23 2.05 -3.71
-3.16 -2.07 -2.74 -5.63 -22.91 25.43
Net Cash Flow 1.52 0.09 -13.10 19.33 -1.36 -2.28

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 19.62% 17.16% 28.66% 70.12% 57.87%
Debtor Days 149.13 116.59 76.87 62.09 73.13 124.90
Inventory Turnover 6.97 5.18 3.50 4.94 10.20