Rasandik Engg.

₹95.5 1.6 | 1.7%

WEBSITE BSE:522207 NSE : RASANDIK ENG 18 May, 12:50

Market Cap ₹57 Cr.

Stock P/E -6.8

P/B 0.7

Current Price ₹95.5

Book Value ₹ 146.6

Face Value 10

52W High ₹155.9

Dividend Yield 0%

52W Low ₹ 62.1

Edit Ratio

Rasandik Engg. Research see more...

Overview Inc. Year: 1984Industry: Auto Ancillary

Rasandik Engg. Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Rasandik Engg. Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	43	52	54	57	53	43	27	28	22	18
Other Income	0	0	0	0	0	5	0	2	9	0
Total Income	43	53	54	58	53	48	27	30	31	18
Total Expenditure	40	49	50	53	49	40	27	27	23	22
Operating Profit	4	4	3	5	5	8	0	3	8	-4
Interest	3	3	3	3	3	3	3	3	3	2
Depreciation	3	1	2	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	-0	0	0
Profit Before Tax	-2	-0	-1	-0	0	4	-4	-2	4	-8
Provision for Tax	-1	-0	-0	-0	0	1	-1	-0	1	-2
Profit After Tax	-2	-0	-1	0	0	3	-3	-2	3	-6
Adjustments	-0	0	0	-0	0	0	-0	0	-0	-0
Profit After Adjustments	-2	-0	-1	0	0	3	-3	-2	3	-6
Adjusted Earnings Per Share	-2.6	-0.1	-1.9	0	0.5	4.7	-4.7	-3.3	4.6	-10.6

Rasandik Engg. 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	242	190	207	195	215	239	267	208	137	207	150	95
Other Income	1	1	16	9	14	5	8	4	2	1	6	11
Total Income	243	191	223	204	229	244	275	212	139	207	156	106
Total Expenditure	209	168	189	175	191	212	241	206	123	191	141	99
Operating Profit	34	23	34	29	38	32	33	6	16	16	15	7
Interest	16	16	15	18	20	17	13	11	10	11	11	11
Depreciation	13	14	14	13	14	14	14	13	13	8	7	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	-2	0
Profit Before Tax	4	-8	5	-2	4	2	7	-19	-7	-4	-5	-10
Provision for Tax	1	-2	-1	-3	-1	0	4	-15	-2	-1	-1	-2
Profit After Tax	3	-5	6	1	5	1	3	-3	-6	-3	-3	-8
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	-5	6	1	5	1	3	-3	-6	-3	-3	-8
Adjusted Earnings Per Share	6.8	-11.6	12.6	2.4	10.4	2.7	4.9	-5.6	-9.7	-4.5	-5.5	-14

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-28%	-10%	-9%	-5%
Operating Profit CAGR	-6%	36%	-14%	-8%
PAT CAGR	0%	0%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	18%	16%	-0%	17%
ROE Average	-3%	-4%	-2%	2%
ROCE Average	3%	3%	3%	8%

Rasandik Engg. 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	25	20	25	26	78	81	107	104	98	96	93
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	30	43	67	67	50	38	23	14	26	20	14
Other Non-Current Liabilities	42	40	37	16	51	50	51	34	30	29	22
Total Current Liabilities	188	170	135	135	139	127	121	102	98	102	96
Total Liabilities	284	273	264	244	318	296	303	254	253	247	225
Fixed Assets	162	159	144	132	208	209	199	187	174	167	146
Other Non-Current Assets	43	42	41	34	20	11	11	8	8	7	3
Total Current Assets	79	73	79	78	90	76	93	59	70	73	59
Total Assets	284	273	264	244	318	296	303	254	253	247	225

Rasandik Engg. 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	4	3	7	7	0	0	2	0	0	0	0
Cash Flow from Operating Activities	22	11	-11	7	25	37	10	24	3	12	13
Cash Flow from Investing Activities	-5	-4	-4	-1	-3	-5	-3	-1	-0	1	8
Cash Flow from Financing Activities	-17	-4	14	-12	-22	-30	-10	-24	-2	-13	-21
Net Cash Inflow / Outflow	-0	3	-0	-6	-0	2	-2	0	0	-0	-0
Closing Cash & Cash Equivalent	3	7	7	1	0	2	0	0	0	0	0

Rasandik Engg. 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)	6.79	-11.62	12.64	2.41	10.44	2.69	4.86	-5.56	-9.66	-4.53	-5.52
CEPS(Rs)	35.11	18.9	42.77	30.05	39.96	32	28.39	16.39	12.66	9.49	6.35
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	52.81	41.28	53.26	55.67	164.18	167.06	179.45	174.1	164.57	160.3	155.83
Core EBITDA Margin(%)	12.01	10.08	7.51	9.09	9.81	10.72	9.5	0.8	9.78	7.43	5.75
EBIT Margin(%)	7.38	3.74	8.34	7.15	9.64	7.3	7.16	-3.58	1.84	3.75	4.01
Pre Tax Margin(%)	1.52	-3.47	2.15	-0.81	1.45	0.62	2.44	-8.94	-5.41	-1.78	-3.13
PAT Margin (%)	1.16	-2.53	2.51	0.51	2.01	0.51	1.09	-1.59	-4.2	-1.31	-2.19
Cash Profit Margin (%)	5.99	4.11	8.51	6.36	7.69	6.11	6.36	4.68	5.51	2.73	2.51
ROA(%)	1.13	-1.97	2.22	0.45	1.75	0.41	0.97	-1.19	-2.28	-1.08	-1.4
ROE(%)	13.77	-24.69	26.74	4.43	9.5	1.63	3.12	-3.14	-5.71	-2.79	-3.49
ROCE(%)	16.95	6.68	14.27	9.97	12.73	8.94	9.6	-3.87	1.36	4.19	3.43
Receivable days	33.03	39.25	31.03	31.4	31.18	36.95	42.26	43.08	45	31.26	34.15
Inventory Days	49.53	63.84	61.29	72.74	71.15	67.22	62.38	78.33	110.31	81.89	110.38
Payable days	99.24	98.43	64.33	64.08	73.32	78.23	74.81	80.42	106.08	58.06	68.82
PER(x)	3.21	0	2.39	18.26	7.3	80.47	24.87	0	0	0	0
Price/Book(x)	0.41	0.48	0.57	0.79	0.46	1.3	0.67	0.23	0.56	0.81	0.36
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.43	0.55	0.67	0.81	0.77	0.9	0.62	0.5	1.05	0.8	0.73
EV/Core EBITDA(x)	3.05	4.65	4.06	5.44	4.4	6.74	5.01	18.53	9.06	10.19	7.26
Net Sales Growth(%)	9.22	-21.5	8.74	-5.68	10.2	11.11	11.68	-22.17	-34.09	50.97	-27.39
EBIT Growth(%)	313.99	-60.25	143.6	-19.41	48.33	-23.72	5.75	-139.22	133.76	207.56	-22.23
PAT Growth(%)	123.15	-271.03	208.81	-80.92	332.85	-74.19	128.01	-214.34	-73.9	53.09	-21.77
EPS Growth(%)	123.15	-271.03	208.81	-80.92	332.86	-74.19	80.31	-214.34	-73.9	53.09	-21.77
Debt/Equity(x)	3.87	5.24	5.19	5.24	1.68	1.46	0.88	0.78	0.91	0.91	0.82
Current Ratio(x)	0.42	0.43	0.59	0.58	0.65	0.6	0.77	0.58	0.71	0.71	0.62
Quick Ratio(x)	0.21	0.22	0.26	0.25	0.28	0.28	0.35	0.19	0.27	0.23	0.18
Interest Cover(x)	1.26	0.52	1.35	0.9	1.18	1.09	1.52	-0.67	0.25	0.68	0.56
Total Debt/Mcap(x)	9.37	10.85	9.16	6.62	3.61	1.12	1.31	3.44	1.63	1.13	2.29

Rasandik Engg. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	53.1	53.1	53.1	53.1	53.1	53.1	53.1	53.1	53.1	53.1
FII	1.26	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	45.59	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

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27
Others	0	0	0	0	0	0	0	0	0	0
Total	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6

Pros

Stock is trading at 0.7 times its book value
Company has reduced debt.

Cons

Company has a low return on equity of -4% over the last 3 years.
Debtor days have increased from 58.06 to 68.82days.

* 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.