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Rasandik Engg. Overview

Rasandik Engineering Industries India Ltd. was incorporated on January 10, 1984, by Mr. Rajiv Kapoor and Mrs. Deepika Kapoor1. The company specializes in manufacturing sheet metal components, muffler assemblies, fuel tanks, tools and dies for motor vehicles, and spare parts. It operates through the Auto Components segment, producing automobile body parts, suspensions, fuel tanks, and exhaust pipes. The company’s journey began with the development of large and complicated toolings in 1985, which were till then being imported, and commence...Read More

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Rasandik Engg. Key Financials

Market Cap ₹42 Cr.

Stock P/E -7.4

P/B 0.5

Current Price ₹69.6

Book Value ₹ 153.3

Face Value 10

52W High ₹109.4

Dividend Yield 0%

52W Low ₹ 47.1

Rasandik Engg. Share Price

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Volume
Price

Rasandik Engg. Quarterly Price

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Rasandik Engg. Peer Comparison

Rasandik Engg. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 22 18 19 18 16 14 14 14 13 22
Other Income 9 0 18 7 0 0 0 0 0 0
Total Income 31 18 37 24 16 14 14 14 13 22
Total Expenditure 23 22 22 20 17 13 13 13 13 21
Operating Profit 8 -4 15 4 -1 1 1 1 0 1
Interest 3 2 2 1 1 1 1 1 1 1
Depreciation 2 2 1 1 1 2 2 1 1 1
Exceptional Income / Expenses 0 0 1 0 0 -9 0 0 0 0
Profit Before Tax 4 -8 13 2 -3 -10 -1 -1 -2 -1
Provision for Tax 1 -2 0 0 -0 -7 -0 -0 0 -0
Profit After Tax 3 -6 13 1 -3 -3 -1 -1 -2 -1
Adjustments -0 -0 0 0 -0 0 0 0 -0 0
Profit After Adjustments 3 -6 13 1 -3 -3 -1 -1 -2 -1
Adjusted Earnings Per Share 4.6 -10.6 21.3 2.4 -4.7 -5.2 -1.9 -1.9 -3.6 -1.4

Rasandik Engg. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 207 195 215 239 267 208 137 207 150 86 62 63
Other Income 16 9 14 5 8 4 2 1 6 29 7 0
Total Income 223 204 229 244 275 212 139 207 156 116 69 63
Total Expenditure 189 175 191 212 241 206 123 191 141 94 64 60
Operating Profit 34 29 38 32 33 6 16 16 15 22 5 3
Interest 15 18 20 17 13 11 10 11 11 9 3 4
Depreciation 14 13 14 14 14 13 13 8 7 6 6 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -2 1 -9 0
Profit Before Tax 5 -2 4 2 7 -19 -7 -4 -5 7 -13 -5
Provision for Tax -1 -3 -1 0 4 -15 -2 -1 -1 -0 -8 0
Profit After Tax 6 1 5 1 3 -3 -6 -3 -3 7 -6 -5
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 6 1 5 1 3 -3 -6 -3 -3 7 -6 -5
Adjusted Earnings Per Share 12.6 2.4 10.4 2.7 4.9 -5.6 -9.7 -4.5 -5.5 11.9 -9.3 -8.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -28% -33% -22% -11%
Operating Profit CAGR -77% -32% -4% -17%
PAT CAGR -186% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% -4% 2% 3%
ROE Average -6% -1% -2% 3%
ROCE Average -8% 2% 2% 6%

Rasandik Engg. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 25 26 78 81 107 104 98 96 93 101 95
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 67 67 50 38 23 14 26 20 14 11 9
Other Non-Current Liabilities 37 16 51 50 51 34 30 29 22 20 13
Total Current Liabilities 135 135 139 127 121 102 98 102 96 53 39
Total Liabilities 264 244 318 296 303 254 253 247 225 185 156
Fixed Assets 144 132 208 209 199 187 174 167 146 131 125
Other Non-Current Assets 41 34 20 11 11 8 8 7 3 2 5
Total Current Assets 79 78 90 76 93 59 70 73 59 40 24
Total Assets 264 244 318 296 303 254 253 247 225 185 156

Rasandik Engg. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 7 0 0 2 0 0 0 0 0 0
Cash Flow from Operating Activities -11 7 25 37 10 24 3 12 13 2 5
Cash Flow from Investing Activities -4 -1 -3 -5 -3 -1 -0 1 8 43 14
Cash Flow from Financing Activities 14 -12 -22 -30 -10 -24 -2 -13 -21 -45 -18
Net Cash Inflow / Outflow -0 -6 -0 2 -2 0 0 -0 -0 0 -0
Closing Cash & Cash Equivalent 7 1 0 2 0 0 0 0 0 0 0

Rasandik Engg. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 12.64 2.41 10.44 2.69 4.86 -5.56 -9.66 -4.53 -5.52 11.93 -9.35
CEPS(Rs) 42.77 30.05 39.96 32 28.39 16.39 12.66 9.49 6.35 22.22 0.58
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 53.26 55.67 164.18 167.06 179.45 174.1 164.57 160.3 155.83 168.53 159.69
Core EBITDA Margin(%) 7.51 9.09 9.81 10.72 9.5 0.8 9.78 7.43 5.69 -8.91 -2.93
EBIT Margin(%) 8.34 7.15 9.64 7.3 7.16 -3.58 1.84 3.75 3.95 18.54 -16.4
Pre Tax Margin(%) 2.15 -0.81 1.45 0.62 2.44 -8.94 -5.41 -1.78 -3.13 7.66 -21.42
PAT Margin (%) 2.51 0.51 2.01 0.51 1.09 -1.59 -4.2 -1.31 -2.19 8.22 -8.92
Cash Profit Margin (%) 8.51 6.36 7.69 6.11 6.36 4.68 5.51 2.73 2.51 15.3 0.55
ROA(%) 2.22 0.45 1.75 0.41 0.97 -1.19 -2.28 -1.08 -1.4 3.48 -3.28
ROE(%) 26.74 4.43 9.5 1.63 3.12 -3.14 -5.71 -2.79 -3.49 7.36 -5.7
ROCE(%) 14.27 9.97 12.73 8.94 9.6 -3.87 1.36 4.19 3.38 10.36 -7.86
Receivable days 31.03 31.4 31.18 36.95 42.26 43.08 45 31.26 34.15 37.63 29.91
Inventory Days 61.29 72.74 71.15 67.22 62.38 78.33 110.31 81.89 110.38 148.97 132.53
Payable days 64.33 64.08 73.32 78.23 74.81 80.42 106.08 58.06 68.82 79.38 104.05
PER(x) 2.39 18.26 7.3 80.47 24.87 0 0 0 0 6.97 0
Price/Book(x) 0.57 0.79 0.46 1.3 0.67 0.23 0.56 0.81 0.36 0.49 0.45
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.67 0.81 0.77 0.9 0.62 0.5 1.05 0.8 0.73 1.04 1.09
EV/Core EBITDA(x) 4.06 5.44 4.4 6.74 5.01 18.53 9.06 10.19 7.3 4.16 13.81
Net Sales Growth(%) 8.74 -5.68 10.2 11.11 11.68 -22.17 -34.09 50.97 -27.39 -42.51 -27.91
EBIT Growth(%) 143.6 -19.41 48.33 -23.72 5.75 -139.22 133.76 207.56 -23.34 169.86 -163.85
PAT Growth(%) 208.81 -80.92 332.85 -74.19 128.01 -214.34 -73.9 53.09 -21.77 316.19 -178.34
EPS Growth(%) 208.81 -80.92 332.86 -74.19 80.31 -214.34 -73.9 53.09 -21.77 316.19 -178.34
Debt/Equity(x) 5.19 5.24 1.68 1.46 0.88 0.78 0.91 0.91 0.82 0.4 0.26
Current Ratio(x) 0.59 0.58 0.65 0.6 0.77 0.58 0.71 0.71 0.62 0.74 0.63
Quick Ratio(x) 0.26 0.25 0.28 0.28 0.35 0.19 0.27 0.23 0.18 0.2 0.2
Interest Cover(x) 1.35 0.9 1.18 1.09 1.52 -0.67 0.25 0.68 0.56 1.7 -3.27
Total Debt/Mcap(x) 9.16 6.62 3.61 1.12 1.31 3.44 1.63 1.13 2.29 0.81 0.57

Rasandik Engg. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 53.1 53.1 53.1 53.1 53.1 53.1 53.1 53.1 53.1 53.1
FII 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1
DII 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Public 45.74 45.74 45.74 45.74 45.74 45.74 45.74 45.74 45.74 45.74
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Rasandik Engg. News

Rasandik Engg. Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -1% over the last 3 years.
  • Debtor days have increased from 79.38 to 104.05days.
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