Reliance Naval & Engineering Ltd

Reliance Naval & Engineering Ltd

₹ 2.30 -4.17%
13 Jul 2023
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.

  • Market Cap 170 Cr.
  • Current Price 2.30
  • High / Low 2.92 / 1.61
  • Stock P/E
  • Book Value -165
  • Dividend Yield 0.00 %
  • ROCE -21.5 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -39.2% over past five years.
  • Contingent liabilities of Rs.356 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

Sector: Ship Building Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
35 58 52 35 26 21 11 17 2
38 59 51 118 23 18 62 151 20
Operating Profit -3 -1 1 -82 3 3 -50 -133 -18
OPM % -9% -2% 1% -232% 12% 15% -444% -773% -912%
2 1 1 -9,015 1 1 1 -44 -161
Interest 307 327 338 397 357 361 357 394 389
Depreciation 53 54 54 -91 17 17 19 18 18
Profit before tax -361 -380 -390 -9,404 -371 -375 -426 -589 -586
Tax % 0% 0% 0% -4% -0% 0% 0% 0% 0%
-361 -380 -390 -9,795 -371 -375 -426 -589 -586
EPS in Rs -4.90 -5.15 -5.29 -132.80 -5.03 -5.09 -5.77 -7.98 -7.94
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 629 860 1,867 2,586 2,534 912 312 563 378 180 75 51
39 635 698 1,447 2,023 1,907 830 459 529 557 266 253 250
Operating Profit -39 -5 162 420 563 626 81 -147 34 -179 -86 -178 -199
OPM % -1% 19% 23% 22% 25% 9% -47% 6% -47% -48% -235% -389%
62 71 64 24 8 38 31 34 39 -84 -9,011 -42 -204
Interest 13 73 119 258 399 477 487 537 626 754 1,368 1,469 1,501
Depreciation 0 38 52 110 127 166 204 221 208 208 70 72 73
Profit before tax 9 -44 54 77 45 21 -578 -871 -760 -1,224 -10,536 -1,761 -1,976
Tax % 50% -4% 19% 72% 31% 87% 36% 32% 24% 17% -4% 0%
5 -46 44 22 31 3 -371 -592 -577 -1,012 -10,927 -1,761 -1,976
EPS in Rs 0.08 -0.69 0.66 0.31 0.44 0.04 -5.03 -8.05 -7.84 -13.72 -148.14 -23.87 -26.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -19%
5 Years: -39%
3 Years: -49%
TTM: -70%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 24%
Stock Price CAGR
10 Years: -24%
5 Years: -27%
3 Years: -7%
1 Year: 35%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity Capital 580 666 666 691 701 736 736 736 736 738 738 738
Reserves 674 988 1,021 1,257 1,356 1,607 1,880 1,289 711 -294 -11,159 -12,915
Preference Capital 0 0 0 0 0 0 0 0 0 10 10 11
1,154 1,330 2,021 3,010 4,974 5,527 6,893 8,306 9,456 10,680 11,769 12,906
1,118 926 844 1,030 1,153 2,210 1,918 1,491 1,519 1,871 2,799 4,019
Total Liabilities 3,526 3,910 4,551 5,988 8,184 10,080 11,427 11,821 12,422 12,994 4,146 4,747
64 1,141 1,369 2,350 2,852 2,865 6,060 5,861 5,654 5,547 2,022 1,973
CWIP 2,274 1,442 1,480 578 2,206 3,218 3,519 3,884 4,268 4,692 103 37
Investments 48 8 23 11 6 2 302 302 315 303 303 303
1,141 1,319 1,680 3,050 3,120 3,995 1,546 1,774 2,184 2,453 1,718 2,435
Total Assets 3,526 3,910 4,551 5,988 8,184 10,080 11,427 11,821 12,422 12,994 4,146 4,747

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-29 -509 -491 -615 622 742 432 -598 -318 -224 -113 -1,183
-1,445 131 -322 -467 -1,949 -824 -1,069 -25 -122 -15 -16 -33
675 463 792 1,004 1,342 83 617 644 429 280 102 1,182
Net Cash Flow -800 85 -21 -78 15 0 -20 20 -10 41 -27 -35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Debtor Days 4 87 178 126 201 18 13 2 14 11 14
Inventory Days 129 159 122 44 85 405 3,982 892 657 1,466 7,331
Days Payable 164 105 156 82 116 399 1,770 313 274 673 4,512
Cash Conversion Cycle -32 141 143 88 170 24 2,225 582 396 805 2,833
Working Capital Days -142 94 238 106 19 -326 -758 -348 -5,284 -13,573 -34,358
ROCE % 1% 5% 8% 8% 7% -1% -3% -1% -3% -2% -22%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
0.14% 0.08% 0.09% 0.09% 0.16% 0.14% 0.14% 0.11% 0.51% 0.52% 0.48% 0.48%
7.92% 7.92% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93% 7.93%
91.94% 92.00% 91.98% 91.98% 91.91% 91.93% 91.91% 91.96% 91.56% 91.55% 91.58% 91.58%
No. of Shareholders 1,81,6681,87,2081,92,9991,93,5901,95,1491,95,0551,93,9321,93,4921,92,9781,91,2851,91,1291,91,111

* 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.

Click on the line-items to see the names of individual entities.

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