Rasi Electrodes

₹29.2 0.6 | 2.2%

WEBSITE BSE:531233 NSE : RASI ELECTRO 18 May, 12:50

Market Cap ₹91 Cr.

Stock P/E 28.1

P/B 2.9

Current Price ₹29.2

Book Value ₹ 10.2

Face Value 2

52W High ₹32.9

Dividend Yield 0%

52W Low ₹ 12.7

Edit Ratio

Rasi Electrodes Research see more...

Overview Inc. Year: 1994Industry: Electrodes & Welding Equipment

Rasi Electrodes Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Rasi Electrodes 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	12	18	18	21	22	22	21	19	22	21
Other Income	0	0	0	0	0	1	0	0	0	0
Total Income	12	18	18	21	22	23	21	19	22	21
Total Expenditure	11	17	17	20	21	21	20	18	20	20
Operating Profit	1	1	1	1	1	1	1	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0
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	1	1	1	1	1	1	1	1	1	1
Provision for Tax	0	0	0	0	0	0	-0	0	0	0
Profit After Tax	0	1	1	0	1	1	1	1	1	1
Adjustments	0	0	0	-0	-0	0	0	0	0	0
Profit After Adjustments	0	1	1	0	1	1	1	1	1	1
Adjusted Earnings Per Share	0.1	0.2	0.2	0.1	0.2	0.3	0.3	0.2	0.3	0.2

Rasi Electrodes 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	23	21	23	23	27	34	47	46	39	68	88	83
Other Income	0	0	1	1	1	1	1	1	1	1	1	0
Total Income	23	21	24	24	27	35	48	47	40	70	89	83
Total Expenditure	21	19	21	21	25	33	45	45	37	66	84	78
Operating Profit	2	2	3	3	3	2	3	2	3	4	5	4
Interest	1	1	0	0	0	1	1	0	0	0	0	0
Depreciation	0	0	1	1	1	1	1	1	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	2	1	1	2	1	2	3	4	4
Provision for Tax	0	0	1	1	1	-0	1	0	1	1	1	0
Profit After Tax	1	1	1	1	1	1	1	1	1	2	3	4
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	1	1	1	1	1	1	1	1	2	3	4
Adjusted Earnings Per Share	0.4	0.2	0.3	0.3	0.3	0.3	0.3	0.2	0.4	0.7	1	1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	29%	24%	21%	14%
Operating Profit CAGR	25%	36%	20%	10%
PAT CAGR	50%	44%	25%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	89%	92%	48%	13%
ROE Average	11%	8%	6%	6%
ROCE Average	13%	11%	9%	9%

Rasi Electrodes 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	11	12	20	21	21	22	23	23	24	26	29
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	1	0	0	0	1	1	1
Total Current Liabilities	7	5	5	7	6	7	8	5	7	11	4
Total Liabilities	18	17	25	28	27	29	31	28	33	38	35
Fixed Assets	3	4	6	7	6	6	7	7	6	6	7
Other Non-Current Assets	0	0	0	1	0	0	0	0	0	0	0
Total Current Assets	15	13	19	20	21	23	24	21	26	32	28
Total Assets	18	17	25	28	27	29	31	28	33	38	35

Rasi Electrodes 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	1	2	3	3	3	1	1	1	1	1	1
Cash Flow from Operating Activities	1	3	-3	0	-1	-0	2	4	-2	-4	7
Cash Flow from Investing Activities	-1	-1	-3	-1	-0	0	-1	-1	0	-0	-1
Cash Flow from Financing Activities	-0	-1	6	2	-1	0	-0	-4	3	4	-7
Net Cash Inflow / Outflow	0	1	-0	0	-2	0	-0	-0	1	-1	-0
Closing Cash & Cash Equivalent	2	3	3	3	1	1	1	1	1	1	0

Rasi Electrodes 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)	0.39	0.23	0.3	0.32	0.27	0.27	0.33	0.17	0.44	0.66	0.97
CEPS(Rs)	0.55	0.39	0.5	0.58	0.54	0.49	0.59	0.45	0.68	0.87	1.18
DPS(Rs)	0.1	0	0.1	0.1	0	0	0	0	0	0	0
Book NAV/Share(Rs)	4.44	4.78	5.97	6.63	6.75	7.02	7.33	7.48	7.86	8.49	9.45
Core EBITDA Margin(%)	9.02	6.46	7.67	8.19	7.85	3.93	5.63	2.63	5.79	3.9	4.41
EBIT Margin(%)	8.26	6.38	7.47	8.13	7.1	4.53	5.17	2.72	6.04	4.75	5.29
Pre Tax Margin(%)	5.27	3.65	5.76	6.64	5.27	2.45	3.73	1.71	5.11	4.08	4.77
PAT Margin (%)	3.64	2.47	3.65	3.94	3.17	2.47	2.15	1.12	3.44	2.99	3.43
Cash Profit Margin (%)	5.2	4.23	6.01	7.09	6.23	4.45	3.87	3.03	5.34	3.98	4.21
ROA(%)	5.27	3.17	4.4	3.8	3.09	2.99	3.4	1.74	4.44	5.77	8.25
ROE(%)	8.95	5	6.21	5.16	4.09	3.95	4.57	2.23	5.68	8.04	10.76
ROCE(%)	13.54	8.99	9.81	8.49	7.4	5.87	8.79	4.61	8.56	9.85	13.49
Receivable days	79.55	85.3	81.54	89.44	96.7	92.87	76.28	81.37	101.81	72.37	61.93
Inventory Days	71.51	66.32	49.8	62.75	68.44	57.98	46.22	50.4	69.59	54.17	43.47
Payable days	14.03	13.72	13.04	11.05	6.1	9.88	11.28	14.04	12.21	2.86	0.42
PER(x)	17.27	30.13	52.54	25.41	26.1	20.18	12.82	11.97	9.26	12.05	12.32
Price/Book(x)	1.5	1.42	2.68	1.24	1.06	0.78	0.57	0.26	0.51	0.93	1.26
Dividend Yield(%)	1.5	0	0.62	1.22	0	0	0	0	0	0	0
EV/Net Sales(x)	0.84	0.88	2.14	1.21	0.97	0.63	0.38	0.18	0.43	0.49	0.46
EV/Core EBITDA(x)	7.85	9.85	19.75	9.7	9.52	9.69	5.55	3.82	5.39	8.6	7.52
Net Sales Growth(%)	-7.3	-10.62	12.83	-0.92	16.31	27.55	38.55	-3.12	-14.16	73.34	28
EBIT Growth(%)	-38.37	-30.28	32.21	8.25	-8.29	-18.64	58.09	-49.05	90.94	36.13	42.54
PAT Growth(%)	-52.92	-38.8	67.46	7.2	-15.42	-0.59	20.46	-49.52	163.27	51.03	46.86
EPS Growth(%)	-52.92	-41.39	35.08	6.1	-15.43	-0.58	20.44	-49.51	163.24	51.01	46.86
Debt/Equity(x)	0.48	0.35	0.17	0.26	0.21	0.25	0.25	0.11	0.22	0.36	0.11
Current Ratio(x)	2.12	2.6	3.56	3.02	3.65	3.27	3.15	4.52	3.55	2.93	6.58
Quick Ratio(x)	1.37	2.01	2.82	2.3	2.76	2.48	2.32	3.17	2.37	1.86	4.4
Interest Cover(x)	2.76	2.34	4.39	5.43	3.89	2.18	3.61	2.69	6.45	7.08	10.15
Total Debt/Mcap(x)	0.32	0.24	0.06	0.21	0.2	0.32	0.43	0.4	0.44	0.39	0.09

Rasi Electrodes Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	27.96	27.96	27.96	27.96	27.96	27.96	27.96	27.96	27.96	27.96
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	72.04	72.04	72.04	72.04	72.04	72.04	72.04	72.04	72.04	72.04
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	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	2.24	2.24	2.24	2.24	2.24	2.24	2.24	2.24	2.24	2.24
Others	0	0	0	0	0	0	0	0	0	0
Total	3.11	3.11	3.11	3.11	3.11	3.11	3.11	3.11	3.11	3.11

Pros

Company has delivered good profit growth of 24% CAGR over last 5 years
Debtor days have improved from 2.86 to 0.42days.
Company is almost debt free.

Cons

Promoter holding is low: 27.96%.
Company has a low return on equity of 8% over the last 3 years.

* 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.

Rasi Electrodes News

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Rasi Electrodes

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Rasi Electrodes Research see more...

Overview Inc. Year: 1994Industry: Electrodes & Welding Equipment

Rasi Electrodes Share Price

Alert Data

Quarterly Price

Peer Comparison

Rasi Electrodes Quarterly Results

Rasi Electrodes Profit & Loss

Growth Rates

Rasi Electrodes Balance Sheet

Rasi Electrodes Cash Flow

Rasi Electrodes Ratios

Rasi Electrodes Shareholding Pattern

Rasi Electrodes News

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