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RDB Rasayans

₹136.1 -0 | 0%

Market Cap ₹241 Cr.

Stock P/E 10.0

P/B 1.3

Current Price ₹136.1

Book Value ₹ 102

Face Value 10

52W High ₹185

Dividend Yield 0%

52W Low ₹ 76

RDB Rasayans Research see more...

Overview Inc. Year: 1995Industry: Plastic Products

RDB Rasayans Ltd is a prominent chemical manufacturing company renowned for its innovative solutions and high-quality products. With a strong presence in the market, RDB Rasayans specializes in the production and distribution of a diverse range of chemicals, catering to various industries such as pharmaceuticals, agrochemicals, personal care, and industrial applications. The company boasts a state-of-the-art manufacturing infrastructure equipped with advanced technologies and adheres to stringent quality control measures to ensure superior product standards. RDB Rasayans takes pride in its skilled and experienced team of professionals who are committed to delivering exceptional customer service and maintaining long-term partnerships. With a focus on sustainable practices, RDB Rasayans strives to contribute to a greener environment and consistently invests in research and development to introduce innovative and eco-friendly solutions. Overall, RDB Rasayans Ltd stands as a reliable and trusted name in the chemical industry, dedicated to meeting the diverse needs of its customers while upholding the highest standards of quality and integrity.

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RDB Rasayans Share Price

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RDB Rasayans 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 29 29 33 33 30 29 24 26 26 25
Other Income 3 3 3 3 3 4 4 3 4 5
Total Income 32 32 36 36 34 32 28 29 30 30
Total Expenditure 23 25 28 30 21 23 20 20 22 21
Operating Profit 9 7 8 6 13 10 8 9 7 9
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 8 6 8 5 12 9 8 9 7 9
Provision for Tax 2 2 1 0 3 2 2 2 2 2
Profit After Tax 6 5 7 5 9 7 6 7 5 7
Adjustments 0 0 0 0 0 -0 0 -0 0 0
Profit After Adjustments 6 5 7 5 9 7 6 7 5 7
Adjusted Earnings Per Share 3.4 2.6 3.7 2.8 5 4.1 3.2 3.8 2.9 3.7

RDB Rasayans 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 60 73 68 63 70 78 89 90 92 123 109 101
Other Income 1 0 9 6 6 9 10 10 10 12 15 16
Total Income 61 74 77 70 76 87 99 100 102 135 124 117
Total Expenditure 56 68 65 61 66 73 84 80 74 106 90 83
Operating Profit 4 6 12 9 10 14 15 20 28 29 34 33
Interest 2 2 1 1 1 2 1 1 0 0 0 0
Depreciation 2 2 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 2 9 7 9 12 12 18 27 28 33 33
Provision for Tax 0 1 3 3 3 4 3 6 8 6 8 8
Profit After Tax 1 2 6 4 6 7 9 12 19 22 24 25
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 2 6 4 6 7 9 12 19 22 24 25
Adjusted Earnings Per Share 0.4 0.9 3.7 2.3 3.3 4.1 5.1 6.5 10.7 12.4 13.8 13.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% 7% 7% 6%
Operating Profit CAGR 17% 19% 19% 24%
PAT CAGR 9% 26% 28% 37%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 51% 18% 23% 28%
ROE Average 16% 17% 15% 11%
ROCE Average 22% 22% 20% 15%

RDB Rasayans 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 53 54 59 63 69 76 85 97 116 138 162
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 3 2 1 1 1 3 2 1 0 0 0
Other Non-Current Liabilities 1 1 1 1 2 2 2 3 3 2 2
Total Current Liabilities 14 13 20 12 18 24 23 14 21 17 12
Total Liabilities 71 69 81 77 90 106 112 114 140 157 176
Fixed Assets 14 12 12 11 14 14 13 13 13 14 13
Other Non-Current Assets 6 6 0 0 0 0 2 2 3 2 2
Total Current Assets 50 50 69 65 76 92 97 99 124 141 161
Total Assets 71 69 81 77 90 106 112 114 140 157 176

RDB Rasayans 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 7 0
Cash Flow from Operating Activities -5 9 4 2 -4 -12 -1 2 -3 -6 45
Cash Flow from Investing Activities 8 -3 -5 5 -0 8 8 8 3 6 -39
Cash Flow from Financing Activities -2 -6 1 -7 5 3 -7 -11 6 -5 -5
Net Cash Inflow / Outflow 0 0 0 -0 1 -0 -0 0 6 -6 1
Closing Cash & Cash Equivalent 0 0 0 0 1 1 0 0 7 0 1

RDB Rasayans 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) 0.43 0.93 3.66 2.35 3.26 4.14 5.09 6.5 10.73 12.45 13.76
CEPS(Rs) 1.34 1.96 4.16 2.83 3.74 4.75 5.72 7.15 11.37 13.15 14.49
DPS(Rs) 0.5 0.5 0.5 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 29.33 29.9 33.2 35.77 39.01 43.15 48.22 54.69 65.42 77.89 91.64
Core EBITDA Margin(%) 5.57 6.92 3.4 3.29 5.53 6.76 5.78 10.67 20.07 13.75 17.69
EBIT Margin(%) 4.26 5.24 14.26 11.11 11.95 16.87 15.45 21.02 29.36 22.62 30.03
Pre Tax Margin(%) 1.7 3.02 12.4 9.72 11.04 14.73 13.84 19.62 29.03 22.42 29.93
PAT Margin (%) 1.16 2.02 8.65 5.95 7.31 9.37 10.09 12.82 20.57 17.93 22.29
Cash Profit Margin (%) 3.62 4.27 9.84 7.17 8.39 10.75 11.34 14.11 21.81 18.94 23.47
ROA(%) 1.08 2.33 8.6 5.25 6.93 7.51 8.27 10.17 14.94 14.85 14.62
ROE(%) 1.48 3.12 11.6 6.8 8.71 10.08 11.13 12.63 17.87 17.38 16.23
ROCE(%) 4.4 6.72 16.01 10.93 12.36 14.89 14.24 18.99 24.01 20.75 21.54
Receivable days 39.39 43.72 45.87 48.12 46.45 51.11 47.45 50.53 56.73 52.4 63.31
Inventory Days 55.27 46.82 41.81 31.93 13.63 10.92 20.18 18.18 8.54 8.67 11.64
Payable days 22.57 21.81 29.65 27.33 18.82 22.25 31.49 39.29 28.6 16.22 20.44
PER(x) 29.73 11.19 4.63 8.31 11.13 16.73 10.42 4.74 5.21 7.51 5.57
Price/Book(x) 0.44 0.35 0.51 0.55 0.93 1.61 1.1 0.56 0.85 1.2 0.84
Dividend Yield(%) 3.89 4.83 2.95 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.14 0.01 0.22 0.23 1.07 1.79 0.94 0.63 1.09 1.33 0.96
EV/Core EBITDA(x) 1.92 0.14 1.28 1.65 7.32 9.83 5.6 2.84 3.56 5.64 3.06
Net Sales Growth(%) 30.79 22.81 -7.6 -6.89 11.01 11.6 14.09 0.52 2.91 33.14 -11.11
EBIT Growth(%) -30.76 51.76 151.47 -27.43 21.65 39.84 4.53 36.75 43.7 2.59 18.02
PAT Growth(%) -50.97 114.12 295.58 -35.92 38.91 27.15 22.75 27.81 65.08 16.04 10.49
EPS Growth(%) -50.96 114.1 295.59 -35.92 38.91 27.15 22.75 27.8 65.08 16.04 10.49
Debt/Equity(x) 0.24 0.18 0.21 0.12 0.19 0.25 0.15 0.03 0.08 0.03 0
Current Ratio(x) 3.55 4 3.49 5.66 4.25 3.8 4.18 7.2 5.77 8.25 13.3
Quick Ratio(x) 2.72 3.28 3.08 5.29 4.16 3.68 3.88 7.05 5.66 8.05 13.01
Interest Cover(x) 1.66 2.36 7.64 7.98 13.02 7.91 9.56 15.03 88.99 112.88 280.21
Total Debt/Mcap(x) 0.54 0.51 0.42 0.21 0.2 0.15 0.14 0.06 0.1 0.03 0

RDB Rasayans Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 69.83 69.83 69.83 69.83 69.83 69.83 69.83 69.83 69.83 69.83
FII 0 0 0.08 0.14 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 30.17 30.17 30.09 30.02 30.17 30.17 30.17 30.17 30.17 30.17
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 27% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 16.22 to 20.44days.

* 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.

RDB Rasayans News

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