WEBSITE BSE:543460 NSE: QRIL Inc. Year: 2021 Industry: Plastic Products My Bucket: Add Stock
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Here's a structured overview of Quality RO Industries Ltd. based on the limited information provided and general industry knowledge:
Company Name: Quality RO Industries Ltd.
Ticker: QRIL
Country: India
Sector: Plastic Products
Industry: Plastic Products
1. Business Overview
Quality RO Industries Ltd. operates within the Plastic Products sector in India. Based on its name, the company is likely involved in the manufacturing and/or distribution of plastic components and related products, with a probable specialization in items used for Reverse Osmosis (RO) water purification systems. This could include plastic filter housings, membranes, connectors, tubing, storage tanks, or other parts integral to water purifiers. The core business model would typically involve supplying these plastic products to other manufacturers (B2B) of RO systems, to distributors, or potentially directly to consumers (B2C) for replacement parts or complete systems. The company makes money through the sale of these manufactured plastic products.
2. Key Segments / Revenue Mix
Specific information regarding Quality RO Industries Ltd.'s key business segments and revenue mix is not publicly available. In the broader plastic products industry, segments often include automotive components, packaging, consumer goods, construction materials, and specialized industrial parts. For Quality RO Industries, potential segments might include RO component manufacturing, general plastic fabrication, or possibly assembly of complete RO systems. Without financial disclosures, the precise contribution of any potential segment remains unknown.
3. Industry & Positioning
The Indian plastic products industry is vast, fragmented, and includes both large organized players and numerous small to medium-sized enterprises (SMEs). It is driven by strong domestic demand from various end-use sectors like packaging, automotive, construction, and consumer durables. The water purification market, which likely utilizes Quality RO Industries' products, is also growing rapidly due to increasing health awareness and water quality concerns. Quality RO Industries Ltd. is positioned within this competitive landscape, likely as a specialized manufacturer of plastic components, potentially catering to the specific needs of the RO industry. Its exact market share, scale, and competitive standing against larger diversified plastic manufacturers or other specialized RO component suppliers are not publicly known.
4. Competitive Advantage (Moat)
Without specific company details, identifying a durable competitive advantage (moat) for Quality RO Industries Ltd. is challenging. Potential moats in the plastic products industry can include:
Cost Leadership: Efficient manufacturing processes and economies of scale.
Product Quality/Specialization: Superior product performance or a strong focus on a niche (e.g., specific RO components).
Distribution Network: Extensive reach across India or strong relationships with key OEM clients.
Brand Reputation: A trusted name, especially if it sells directly to consumers or is a preferred supplier for B2B clients.
Switching Costs: If integration of its components into client systems creates high costs for clients to switch suppliers.
Given the general nature, it's possible the company competes primarily on cost, quality for its specific product range, and client relationships rather than strong network effects or proprietary technology, which are less common in general plastic component manufacturing.
5. Growth Drivers
Key factors that could drive growth for Quality RO Industries Ltd. over the next 3-5 years include:
Increasing Demand for Water Purification: Growing health awareness and deteriorating municipal water quality are driving higher penetration of RO systems in Indian households and commercial establishments.
Urbanization and Rising Disposable Income: As more people move to cities and incomes rise, demand for consumer durables like water purifiers increases.
Government Initiatives: Support for clean drinking water programs or manufacturing incentives could indirectly benefit suppliers of components.
Expansion of Product Portfolio: Introducing new or advanced plastic components for water purification or diversifying into other related plastic products.
Export Opportunities: Tapping into international markets for RO components, particularly in regions with water quality concerns.
6. Risks
Key business risks for Quality RO Industries Ltd. include:
Raw Material Price Volatility: Prices of polymers (e.g., polypropylene, polyethylene) derived from crude oil are subject to global fluctuations, impacting production costs and margins.
Intense Competition: The Indian plastic products industry is highly competitive, with both organized and unorganized players, potentially leading to pricing pressure.
Regulatory Changes: Evolving environmental regulations concerning plastic usage, waste management, and manufacturing processes could increase compliance costs.
Technological Obsolescence: Rapid advancements in water purification technologies or material science could necessitate continuous investment in R&D and manufacturing upgrades.
Economic Slowdown: A general economic downturn in India could dampen consumer spending on durables and commercial investments, affecting demand for plastic products.
Supply Chain Disruptions: Global or domestic disruptions to supply chains could impact the availability or cost of raw materials and components.
7. Management & Ownership
Specific details regarding the management team, board of directors, and ownership structure of Quality RO Industries Ltd. are not publicly available. Typically, in India, companies of this nature (especially if unlisted or smaller listed entities) are promoter-driven, meaning a founding family or individual holds significant ownership and management control. The quality of management would depend on their experience, strategic vision, operational efficiency, and governance practices, which cannot be assessed without public information.
8. Outlook
Quality RO Industries Ltd. operates in a sector with structural tailwinds, particularly from the growing demand for water purification systems in India, driven by health consciousness and urbanization. This provides a favorable demand environment for specialized plastic component manufacturers. However, the company faces significant challenges typical of the Indian plastic industry, including raw material price volatility, intense competition, and evolving regulatory landscape. The lack of public information about the company's financial performance, operational scale, specific product portfolio, and market positioning makes a detailed assessment of its prospects difficult. Its ability to navigate these risks, maintain cost efficiency, innovate its product offerings, and solidify customer relationships will be crucial for sustainable growth.
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Market Cap ₹17 Cr.
Stock P/E 9.6
P/B 1.4
Current Price ₹64.9
Book Value ₹ 45.2
Face Value 10
52W High ₹156.6
Dividend Yield 0%
52W Low ₹ 46
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|
| Net Sales | 6 | 13 | 16 | |
| Other Income | 0 | 0 | 0 | |
| Total Income | 6 | 13 | 16 | |
| Total Expenditure | 5 | 11 | 13 | |
| Operating Profit | 1 | 3 | 3 | |
| Interest | 0 | 0 | 0 | |
| Depreciation | 1 | 1 | 0 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | |
| Profit Before Tax | -0 | 2 | 2 | |
| Provision for Tax | -0 | 0 | 1 | |
| Profit After Tax | -0 | 2 | 2 | |
| Adjustments | 0 | 0 | 0 | |
| Profit After Adjustments | -0 | 2 | 2 | |
| Adjusted Earnings Per Share | -0.1 | 6.1 | 6.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 23% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -46% | -15% | NA% | NA% |
| ROE Average | 16% | 11% | 11% | 11% |
| ROCE Average | 19% | 13% | 13% | 13% |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Shareholder's Funds | 8 | 10 | 12 |
| Minority's Interest | 0 | 0 | 0 |
| Borrowings | 1 | 1 | 5 |
| Other Non-Current Liabilities | -0 | -0 | -0 |
| Total Current Liabilities | 2 | 5 | 3 |
| Total Liabilities | 11 | 15 | 20 |
| Fixed Assets | 2 | 2 | 2 |
| Other Non-Current Assets | 0 | 0 | 3 |
| Total Current Assets | 9 | 13 | 14 |
| Total Assets | 11 | 15 | 20 |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 0 | 1 |
| Cash Flow from Operating Activities | -2 | -2 | -4 |
| Cash Flow from Investing Activities | -4 | 3 | 0 |
| Cash Flow from Financing Activities | 4 | -0 | 4 |
| Net Cash Inflow / Outflow | -1 | 1 | -0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 1 |
| # | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Earnings Per Share (Rs) | -0.07 | 6.11 | 6.77 |
| CEPS(Rs) | 2.62 | 8.08 | 8.61 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 32.27 | 38.38 | 45.15 |
| Core EBITDA Margin(%) | 13.17 | 19.49 | 20.05 |
| EBIT Margin(%) | 1.91 | 16.74 | 17.32 |
| Pre Tax Margin(%) | -0.83 | 15.41 | 14.5 |
| PAT Margin (%) | -0.33 | 11.78 | 10.79 |
| Cash Profit Margin (%) | 12.11 | 15.59 | 13.73 |
| ROA(%) | -0.17 | 11.79 | 9.9 |
| ROE(%) | -0.22 | 17.28 | 16.22 |
| ROCE(%) | 0.99 | 19.68 | 18.63 |
| Receivable days | 107.75 | 66.62 | 76.05 |
| Inventory Days | 28.07 | 71 | 149.85 |
| Payable days | 55.05 | 59.93 | 60.91 |
| PER(x) | 0 | 11.79 | 18.11 |
| Price/Book(x) | 2.48 | 1.88 | 2.72 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 4.05 | 1.45 | 2.28 |
| EV/Core EBITDA(x) | 28.19 | 7.07 | 11.26 |
| Net Sales Growth(%) | 0 | 139.51 | 21.05 |
| EBIT Growth(%) | 0 | 1993.47 | 25.27 |
| PAT Growth(%) | 0 | 8561.41 | 10.94 |
| EPS Growth(%) | 0 | 8556.37 | 10.94 |
| Debt/Equity(x) | 0.29 | 0.21 | 0.55 |
| Current Ratio(x) | 5.09 | 2.91 | 4.3 |
| Quick Ratio(x) | 4.84 | 1.86 | 1.79 |
| Interest Cover(x) | 0.7 | 12.63 | 6.14 |
| Total Debt/Mcap(x) | 0.12 | 0.11 | 0.2 |
| # | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.93 | 63.52 | 63.62 | 48.15 | 48.15 | 48.07 | 48.07 | 47.58 | 47.58 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 39.07 | 36.48 | 36.38 | 51.85 | 51.85 | 51.93 | 51.93 | 52.42 | 52.42 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.08 | 0.07 | 0.07 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.19 | 0.19 | 0.19 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 |
* The pros and cons are machine generated.
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