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Rajnandini Metal

₹11.6 0 | 0%

Market Cap ₹319 Cr.

Stock P/E 21.0

P/B 5.6

Current Price ₹11.6

Book Value ₹ 2

Face Value 1

52W High ₹21.4

Dividend Yield 0.87%

52W Low ₹ 8.5

Rajnandini Metal Research see more...

Overview Inc. Year: 2010Industry: Metal - Non Ferrous

Rajnandini Metal Ltd engages in the buying and selling in ferrous and non-ferrous metal scrap in India and across the world. It gives metallic, iron, iron alloy, castings, numerous metals, various type of chemicals, furnace oils, petroleum merchandise, iron and metal, aluminum, tin, nickel, zinc led, copper, cooper continuous avenue, brass, silicon scrap, and their products. The company also manufactures and sells copper products comprising copper rods, annealed bare copper wires, first-class copper wires, multi stranded copper wires, bunched copper wires, submersible wires and cables, house wires and cables, and copper conductors. The corporation was founded in 2010 and is based in Faridabad, India.

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Rajnandini Metal Share Price

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Rajnandini Metal Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 260 327 261 181 252 335 266 333 298 316
Other Income 0 0 2 4 2 2 1 1 3 3
Total Income 260 327 263 185 253 338 267 334 301 319
Total Expenditure 255 321 256 178 245 330 259 325 292 315
Operating Profit 5 6 7 7 8 7 8 9 9 5
Interest 1 1 1 2 2 2 2 2 3 4
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 5 6 5 5 5 6 6 5 1
Provision for Tax 1 1 2 2 2 2 1 -1 1 0
Profit After Tax 3 3 4 3 3 3 5 7 4 0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 4 3 3 3 5 7 4 0
Adjusted Earnings Per Share 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0

Rajnandini Metal Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 90 104 110 136 127 141 137 148 631 1028 1029 1213
Other Income 0 0 0 0 0 0 0 0 1 1 10 8
Total Income 90 104 110 137 127 141 137 149 632 1030 1039 1221
Total Expenditure 87 101 107 134 124 138 133 144 620 1010 1009 1191
Operating Profit 3 3 3 3 3 3 3 4 12 19 30 31
Interest 2 3 2 2 2 2 2 2 4 4 7 11
Depreciation 0 0 0 0 0 0 0 0 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 1 1 1 1 2 2 7 14 21 18
Provision for Tax 0 0 0 0 0 0 0 0 2 4 7 1
Profit After Tax 0 0 1 0 1 1 1 1 5 10 14 16
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 1 0 1 1 1 1 5 10 14 16
Adjusted Earnings Per Share 0 0 0 0 0 0 0 0 0.2 0.4 0.5 0.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 91% 49% 28%
Operating Profit CAGR 58% 96% 58% 26%
PAT CAGR 40% 141% 70% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 18% 39% 81% NA%
ROE Average 39% 36% 25% 16%
ROCE Average 29% 24% 18% 15%

Rajnandini Metal Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 5 6 6 7 7 8 13 15 20 30 41
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 2 12 17 12 9
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 1 2 2
Total Current Liabilities 33 40 27 28 35 30 25 36 52 65 93
Total Liabilities 38 46 33 34 43 38 40 63 90 108 146
Fixed Assets 0 0 0 0 1 1 7 17 25 25 35
Other Non-Current Assets 3 4 0 0 0 0 1 5 0 0 0
Total Current Assets 35 42 33 34 42 38 32 41 65 82 111
Total Assets 38 46 33 34 43 38 40 63 90 108 146

Rajnandini Metal Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 1 1 0 0 0 0
Cash Flow from Operating Activities -3 2 3 -2 2 2 2 2 5 -5 -3
Cash Flow from Investing Activities -0 0 0 -0 -0 0 0 -14 -4 -0 -9
Cash Flow from Financing Activities 3 -2 -3 2 -2 -2 1 12 -1 5 11
Net Cash Inflow / Outflow -0 0 -0 -0 -0 0 3 -0 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 1 1 0 0 0 0

Rajnandini Metal Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.02 0.02 0.03 0.02 0.03 0.05 0.04 0.04 0.18 0.36 0.49
CEPS(Rs) 0.02 0.02 0.03 0.02 0.03 0.05 0.04 0.05 0.21 0.4 0.54
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0.1
Book NAV/Share(Rs) 0.26 0.28 0.31 0.32 0.35 0.4 0.48 0.52 0.71 1.07 1.5
Core EBITDA Margin(%) 2.84 3.07 2.57 1.98 2.17 2.19 2.48 2.66 1.69 1.75 1.89
EBIT Margin(%) 2.94 3.17 2.65 2.04 2.35 2.29 2.45 2.74 1.7 1.76 2.76
Pre Tax Margin(%) 0.64 0.56 0.55 0.48 0.63 1 1.13 1.09 1.12 1.38 2.05
PAT Margin (%) 0.43 0.39 0.51 0.23 0.43 0.67 0.76 0.78 0.8 0.97 1.33
Cash Profit Margin (%) 0.49 0.44 0.57 0.29 0.54 0.76 0.87 0.99 0.94 1.09 1.45
ROA(%) 1.02 0.97 1.4 0.94 1.44 2.34 2.67 2.25 6.64 10.15 10.78
ROE(%) 7.43 7.46 9.33 4.96 8.11 12.47 9.78 8.32 29.69 40.75 38.52
ROCE(%) 11.16 13.63 11.85 10.49 10.26 10.83 9.74 8.73 18.33 25.31 29.22
Receivable days 118.8 94.53 78.68 60.86 81.64 76.05 60.04 47.53 16.27 12.02 11.16
Inventory Days 17.3 34.48 39.9 22.34 20.35 14.5 16.98 30.35 11.51 11.9 18.84
Payable days 59.95 63.95 50.76 19.93 27.35 27.73 12.73 11.81 10.2 9.41 8.9
PER(x) 0 0 0 0 0 0 15.52 0 21.5 63.18 22.64
Price/Book(x) 0 0 0 0 0 0 1.22 0 5.55 21.39 7.47
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0.89
EV/Net Sales(x) 0.25 0.22 0.2 0.19 0.21 0.18 0.29 0.31 0.24 0.66 0.37
EV/Core EBITDA(x) 8.5 6.9 7.52 9.26 8.64 7.51 11.49 10.39 13.1 35.43 12.87
Net Sales Growth(%) 0 15.83 5.25 24.35 -6.92 10.97 -2.91 8.52 325.1 62.98 0.06
EBIT Growth(%) 0 24.72 -11.95 -4.38 7.31 8.28 3.84 21.44 162.69 69.35 56.73
PAT Growth(%) 0 4.27 36.01 -42.93 74.6 70.71 10.89 10.91 336.55 98.02 36.53
EPS Growth(%) 0 4.27 36.01 -42.93 74.6 70.71 -18.78 10.92 336.47 98.1 36.5
Debt/Equity(x) 3.51 3.36 2.92 3.39 3.16 2.76 1.9 2.76 2.17 1.74 1.74
Current Ratio(x) 1.06 1.04 1.22 1.22 1.19 1.25 1.31 1.15 1.24 1.27 1.18
Quick Ratio(x) 0.93 0.66 0.9 0.93 1.02 1.08 1 0.67 0.81 0.59 0.52
Interest Cover(x) 1.28 1.22 1.26 1.31 1.37 1.77 1.85 1.66 2.92 4.56 3.9
Total Debt/Mcap(x) 0 0 0 0 0 0 1.56 0 0.39 0.08 0.23

Rajnandini Metal Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.24 73.24 73.24 73.24 73.24 73.24 73.24 73.24 65.27 51.68
FII 0 0 0 0.04 0.04 0 0 0 0.04 0.03
DII 0 0 0 0 0 0 0 0 0 0
Public 26.76 26.76 26.76 26.72 26.72 26.76 26.76 26.76 34.7 48.29
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 69% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36%
  • Debtor days have improved from 9.41 to 8.9days.
  • Company has reduced debt.

Cons

  • Stock is trading at 5.6 times its book value.

* 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.

Rajnandini Metal News

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