Reliance Naval & Engineering Ltd

Reliance Nav.Eng Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Reliance Naval & Engineering Ltd

₹ 2.30 -4.17%
13 Jul 2023
rnaval.co.in BSE: 533107 NSE - BZ : RNAVAL
About

Incorporated in 1997, Reliance Naval and Engineering Ltd is engaged in the construction of vessels, repairs and refits of ships and rigs and heavy engineering

Key Points

Business Overview:[1]
Company operates on a large shipbuilding/repair infrastructure including the largest Dry Dock in India and is the first private sector company in India to obtain the license and contract to build Naval Offshore Patrol Vessels(NOPVs) for Indian Navy.

Website BSE NSE - BZ
  • Market Cap ₹ 170 Cr.
  • Current Price ₹ 2.30
  • High / Low ₹ 2.78 / 2.04
  • Stock P/E
  • Book Value ₹ -258
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -60.6% over past five years.
  • Company's cost of borrowing seems high

* 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: Ship Building Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
17 2 0 2 2 2 1 2 1 2 1 0 0
150 20 -10 10 11 7 6 10 10 26 9 14 5
Operating Profit -133 -18 10 -8 -8 -5 -5 -7 -9 -24 -8 -13 -5
OPM % -771% -911% -345% -390% -210% -662% -308% -1,153% -1,170% -1,212% -3,370%
-44 -180 -1,141 -0 23 1 3 4 4 2 1 1 0
Interest 343 356 817 385 474 499 503 503 493 498 503 508 4
Depreciation 19 19 19 19 18 18 19 19 18 17 17 17 17
Profit before tax -539 -572 -1,966 -412 -477 -522 -524 -525 -516 -537 -527 -538 -26
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-539 -572 -1,966 -412 -477 -522 -524 -525 -516 -537 -527 -538 -26
EPS in Rs -7.31 -7.75 -26.66 -5.59 -6.46 -7.07 -7.10 -7.12 -6.99 -7.28 -7.15 -7.30 -0.35
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,867 2,586 2,279 831 307 519 335 180 75 6 6 3
1,455 2,052 1,664 760 464 496 524 195 252 30 33 54
Operating Profit 412 535 615 71 -157 22 -189 -15 -176 -24 -27 -51
OPM % 22% 21% 27% 9% -51% 4% -56% -8% -234% -376% -421% -1,605%
24 27 39 31 40 45 -84 -8,742 -42 -1,298 13 4
Interest 258 397 465 453 472 573 697 1,278 1,328 2,032 1,999 1,514
Depreciation 106 123 162 197 214 201 198 66 75 74 74 68
Profit before tax 73 41 28 -548 -804 -706 -1,169 -10,101 -1,621 -3,427 -2,086 -1,628
Tax % 75% 31% 70% 38% 34% 26% 18% -4% 0% 0% 0% 0%
19 29 8 -341 -529 -523 -956 -10,481 -1,621 -3,427 -2,086 -1,628
EPS in Rs 0.27 0.41 0.11 -4.63 -7.18 -7.11 -12.96 -142.10 -21.98 -46.46 -28.29 -22.07
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -49%
5 Years: -61%
3 Years: -65%
TTM: -50%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: 22%
Stock Price CAGR
10 Years: -25%
5 Years: -22%
3 Years: -7%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 691 701 736 736 736 736 738 738 738 738 738 738
Reserves 1,248 1,344 1,601 1,486 958 434 -515 -10,996 -12,617 -16,043 -18,130 -19,758
Preference Capital 0 0 0 0 0 0 10 10 11
3,010 4,791 5,155 6,332 7,657 8,753 9,869 10,906 12,185 2,978 2,961 2,984
1,010 1,130 2,102 1,867 1,408 1,388 1,685 2,713 3,738 16,133 18,172 19,654
Total Liabilities 5,959 7,966 9,595 10,421 10,760 11,312 11,777 3,360 4,043 3,805 3,741 3,618
2,204 2,697 2,715 5,459 5,263 5,064 4,966 1,446 1,480 1,406 1,332 1,234
CWIP 565 2,187 3,158 3,419 3,750 4,110 4,486 103 37 37 37 37
Investments 30 25 21 21 21 31 21 20 20 2 2 2
3,160 3,057 3,701 1,522 1,726 2,108 2,304 1,791 2,506 2,361 2,370 2,345
Total Assets 5,959 7,966 9,595 10,421 10,760 11,312 11,777 3,360 4,043 3,805 3,741 3,618

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-623 610 942 448 -610 -335 -245 -258 -1,253 710 2,007 1,482
-459 -1,772 -838 -1,009 -22 -100 34 81 41 -1 2 12
1,004 1,176 -104 540 651 427 252 151 1,177 -707 -1,999 -1,514
Net Cash Flow -78 14 0 -20 18 -8 41 -27 -35 1 11 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 178 126 216 20 13 2 16 11 2 149 47 0
Inventory Days 122 44 113 551 3,980 1,054 740 1,466 7,331 692,279 2,928,100
Days Payable 156 82 138 541 1,763 364 305 663 4,443 112,894 513,920
Cash Conversion Cycle 144 89 191 30 2,230 692 451 814 2,891 149 579,431 2,414,180
Working Capital Days 248 108 63 -279 -501 -194 -5,647 -13,070 -32,510 -803,434 -918,584 -2,009,010
ROCE % 8% 7% 7% -1% -4% -1% -3% -1% -47%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
0.08% 0.09% 0.09% 0.16% 0.14% 0.14% 0.11% 0.51% 0.52% 0.48% 0.48% 0.48%
7.92% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93%
92.00% 91.98% 91.98% 91.91% 91.93% 91.91% 91.96% 91.56% 91.55% 91.58% 91.58% 91.58%
No. of Shareholders 1,87,2081,92,9991,93,5901,95,1491,95,0551,93,9321,93,4921,92,9781,91,2851,91,1291,91,1111,91,097

* 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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Documents

Announcements

Annual reports