Reliance Naval & Engineering Ltd

About [ edit ]

Reliance Naval & Engg. is mainly engaged in the construction of vessels, repairs and refits of ships and rigs and heavy engineering. RNEL has a large shipbuilding/repair infrastructure in India including the largest Dry Dock in the world. The Company is the first private sector company in India to obtain the licence and contract to build Naval Offshore Patrol Vessels(NOPVs) for Indian Navy.

  • Market Cap 218 Cr.
  • Current Price 2.95
  • High / Low 4.30 / 0.95
  • 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 -39.24% over past five years.
  • Contingent liabilities of Rs.355.68 Cr.

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

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
-0 629 860 1,867 2,586 2,534 912 312 563 378 180 75
39 631 698 1,447 2,024 1,908 830 459 529 557 266 253
Operating Profit -39 -1 162 420 563 626 81 -147 34 -179 -86 -178
OPM % -0% 19% 23% 22% 25% 9% -47% 6% -47% -48% -235%
Other Income 62 68 64 24 8 39 31 34 39 -84 -9,011 -42
Interest 13 73 119 258 399 477 487 537 626 754 1,368 1,469
Depreciation 0 38 52 110 127 166 204 221 208 208 70 72
Profit before tax 9 -44 54 77 45 21 -578 -871 -760 -1,224 -10,536 -1,761
Tax % 50% -4% 19% 72% 31% 87% 36% 32% 24% 17% -4% -0%
Net Profit 5 -46 44 22 31 3 -371 -592 -577 -1,012 -10,927 -1,761
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
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:-58%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:23%
Stock Price CAGR
10 Years:-28%
5 Years:-46%
3 Years:-44%
1 Year:195%
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
580 666 666 691 701 736 736 736 736 747 748 749
Reserves 674 988 1,021 1,257 1,356 1,607 1,880 1,289 711 -294 -11,159 -12,915
Borrowings 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
ROCE % 1% 5% 8% 8% 7% -1% -3% -1% -3% -2% -22%
Debtor Days 4 87 178 126 201 18 13 2 14 11 14
Inventory Turnover 1.71 3.05 3.55 5.47 5.18 1.10 0.16 0.48 0.55 0.26 0.06

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
29.84 29.84 29.84 29.84 29.84 29.84 29.84 25.23 0.00 0.00 0.00 0.00
3.91 3.85 3.86 3.72 3.70 0.29 0.29 0.29 0.20 0.14 0.14 0.14
8.02 7.99 7.97 8.07 8.04 7.94 7.93 8.21 7.93 7.92 7.92 7.92
58.23 58.31 58.33 58.37 58.42 61.93 61.94 66.26 91.87 91.94 91.94 91.94

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