Ruchi Soya Industries Ltd

About [ edit ]

Ruchi Soya Industries Limited is engaged primarily in the business of processing of oil-seeds and refining of crude oil for edible use.

Key Points [ edit ]
  • Market Cap 20,008 Cr.
  • Current Price 676
  • High / Low 1,535 / 404
  • Stock P/E 58.2
  • Book Value 119
  • Dividend Yield 0.00 %
  • ROCE 6.28 %
  • ROE %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 89.02% CAGR over last 5 years

Cons

  • Stock is trading at 5.68 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.26% over past five years.
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Promoters have pledged 99.97% of their holding.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,619 2,967 3,143 3,474 3,146 3,112 3,102 3,713 3,191 3,043 3,972 4,465
2,994 2,933 3,108 3,456 3,110 3,075 2,998 3,527 3,118 2,920 3,732 4,124
Operating Profit -374 33 34 18 36 37 104 186 73 124 239 341
OPM % -14% 1% 1% 1% 1% 1% 3% 5% 2% 4% 6% 8%
Other Income 6 26 17 26 31 13 14 7,479 -0 14 19 10
Interest 12 2 2 2 1 3 2 14 94 92 98 91
Depreciation 35 35 34 36 33 34 34 34 34 33 34 33
Profit before tax -415 23 16 6 32 14 82 7,617 -55 12 127 227
Tax % -2% 0% 0% 0% 0% 0% 0% 0% 25% 0% 0% 0%
Net Profit -424 23 16 6 32 14 82 7,617 -41 12 127 227
EPS in Rs -12.68 0.68 0.47 0.19 0.96 0.42 2.45 257.48 -1.39 0.41 4.28 7.69

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
11,921 13,419 16,627 25,996 26,146 24,381 28,308 27,692 18,527 11,994 12,729 13,118 14,671
11,856 13,061 16,084 25,281 25,490 23,821 27,726 27,615 19,202 17,042 12,606 12,717 13,893
Operating Profit 64 358 543 715 657 560 582 78 -675 -5,047 123 401 778
OPM % 1% 3% 3% 3% 3% 2% 2% 0% -4% -42% 1% 3% 5%
Other Income 360 195 136 227 338 231 169 115 138 34 99 7,505 43
Interest 188 181 253 574 537 577 522 1,297 938 857 7 113 375
Depreciation 86 100 120 141 154 164 148 160 156 140 138 136 135
Profit before tax 151 272 306 228 304 50 81 -1,264 -1,630 -6,010 77 7,658 311
Tax % 38% 37% 30% 46% 22% 73% 24% 16% 23% 7% 0% -0%
Net Profit 93 172 213 122 236 13 61 -1,062 -1,257 -5,573 77 7,672 325
EPS in Rs 4.94 6.56 6.41 3.67 7.08 0.40 1.82 -31.77 -37.63 -166.81 2.30 259.33 10.99
Dividend Payout % 10% 8% 8% 9% 5% 40% 9% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-0%
5 Years:-14%
3 Years:-11%
TTM:12%
Compounded Profit Growth
10 Years:3%
5 Years:89%
3 Years:30%
TTM:23%
Stock Price CAGR
10 Years:21%
5 Years:95%
3 Years:264%
1 Year:41%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
83 60 69 69 69 69 69 65 67 67 67 207 59
Reserves 1,080 1,840 2,087 2,138 2,297 2,270 2,139 2,408 958 -4,614 -4,543 3,312 3,465
Borrowings 1,721 2,346 3,461 4,897 5,718 2,933 3,644 5,252 5,206 7,226 7,914 3,467 3,595
3,221 3,261 3,936 5,582 6,346 7,041 8,014 8,727 7,026 5,043 4,501 1,030 1,221
Total Liabilities 6,059 7,500 9,551 12,684 14,427 12,310 13,863 16,452 13,256 7,721 7,937 7,868 8,341
1,335 1,961 2,103 2,345 2,480 2,496 2,381 5,637 5,502 5,358 5,224 5,070 5,013
CWIP 79 64 182 237 213 143 100 42 29 28 27 25 22
Investments 82 197 187 211 283 334 282 146 89 51 31 20 38
4,564 5,278 7,078 9,892 11,451 9,336 11,100 10,628 7,636 2,284 2,655 2,752 3,267
Total Assets 6,059 7,500 9,551 12,684 14,427 12,310 13,863 16,452 13,256 7,721 7,937 7,868 8,341

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
633 186 -190 904 -2,028 3,451 -508 -90 577 882 240 -61
-181 -356 -196 -267 -45 19 23 25 106 -70 -112 -26
-16 656 554 885 378 -3,421 453 77 -671 -856 -7 82
Net Cash Flow 436 487 168 1,521 -1,695 49 -32 12 12 -45 121 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 12% 12% 11% 13% 11% 9% 10% 0% -11% -116% 3% 6%
Debtor Days 31 33 49 44 59 68 77 84 100 8 8 8
Inventory Turnover 6.00 7.77 6.70 7.14 6.83 6.52 8.05 9.53 8.99 8.52 9.09 8.65

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
48.63 34.33 33.89 28.08 19.75 15.53 99.03 99.03 98.97 98.94 98.90 98.90
0.32 0.11 0.09 0.08 0.08 0.10 0.00 0.00 0.00 0.00 0.00 0.00
0.17 0.17 0.17 0.23 0.23 0.23 0.00 0.00 0.00 0.00 0.00 0.00
50.88 65.39 65.85 71.60 79.94 84.13 0.97 0.96 1.02 1.05 1.10 1.10

Documents