Rico Auto Inds

₹123 0.3 | 0.2%

WEBSITE BSE:520008 NSE : RICO AUTO 10 May, 16:01

Market Cap ₹1664 Cr.

Stock P/E 34.4

P/B 2.4

Current Price ₹123

Book Value ₹ 52.2

Face Value 1

52W High ₹157

Dividend Yield 0.61%

52W Low ₹ 70.3

Edit Ratio

Rico Auto Inds Research see more...

EQUITY RESEARCH: Rico Auto Industries Ltd.

Overview Inc. Year: 1983Industry: Auto Ancillary

Rico Auto Industries Ltd is engaged inside the manufacturing of clutch and crank case. The Company is engaged inside the manufacturing and sale of vehicle additives for two wheelers and 4 wheelers. It manufactures and substances high precision and machined components and assemblies, each aluminium and ferrous, to original device manufacturers. Its merchandise include Oil Pump Assembly, Lube Oil Filters Heads, Exhaust Manifolds, Turbine Housings, Center Housings, Back Plates, Oil Pan, Intake Manifold Covers, Front Cover, Valve Cover, Side Cover, Balance Shafts Assembly, Gear Housing, Steering Knuckles, Main Bearing Caps, Flywheels, Engine Brackets and Differential Case Housings. Its services include designing, improvement and engineering services, research and development, Testing and Validation, Special Purpose Machines with computer numeric control (CNC) Controls, Tooling and Prototyping, Casting (Aluminium and Ferrous), Machining and Assembly, and Packaging and Logistics.

Rico Auto Inds Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Rico Auto Inds Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	478	473	515	563	593	548	603	534	554	524
Other Income	5	2	5	4	4	5	6	4	3	5
Total Income	483	475	520	568	597	554	609	538	557	528
Total Expenditure	437	429	471	516	540	494	536	483	500	465
Operating Profit	46	46	49	52	57	59	73	54	57	63
Interest	11	12	11	11	12	16	15	15	14	16
Depreciation	22	23	25	26	26	29	31	30	30	30
Exceptional Income / Expenses	-1	-0	-0	-0	-1	-0	-0	-1	-0	-1
Profit Before Tax	11	12	13	15	18	14	27	8	13	16
Provision for Tax	5	3	5	4	10	4	1	2	6	5
Profit After Tax	7	9	9	10	8	10	26	6	6	11
Adjustments	-0	-0	0	-0	0	0	-0	-0	0	-0
Profit After Adjustments	7	9	9	10	8	10	26	6	7	10
Adjusted Earnings Per Share	0.5	0.6	0.6	0.8	0.6	0.7	1.9	0.4	0.5	0.7

Rico Auto Inds 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	1506	1004	1346	1007	1038	1209	1393	1401	1470	1861	2302	2215
Other Income	44	22	43	14	13	16	19	23	19	20	19	18
Total Income	1550	1026	1389	1021	1051	1225	1412	1424	1488	1881	2322	2232
Total Expenditure	1393	895	1654	908	927	1078	1249	1287	1381	1704	2081	1984
Operating Profit	157	130	-265	113	125	147	163	136	107	177	241	247
Interest	69	66	53	20	17	19	27	31	39	44	54	60
Depreciation	87	77	85	47	46	54	58	80	80	91	112	121
Exceptional Income / Expenses	13	-0	194	-5	-1	-7	-10	-7	-4	-6	-1	-2
Profit Before Tax	14	-13	-208	41	63	70	72	19	-16	36	74	64
Provision for Tax	8	2	-24	11	12	12	21	2	-2	12	23	14
Profit After Tax	5	-15	-184	30	52	58	51	17	-14	24	51	49
Adjustments	0	18	337	-0	-0	-0	-1	-0	-0	0	0	0
Profit After Adjustments	5	3	153	29	52	58	51	17	-14	24	51	49
Adjusted Earnings Per Share	0.4	0.3	11.3	2.2	3.8	4.3	3.7	1.2	-1	1.8	3.8	3.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	18%	14%	4%
Operating Profit CAGR	36%	21%	10%	4%
PAT CAGR	113%	44%	-3%	26%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	75%	45%	15%	26%
ROE Average	8%	3%	4%	-0%
ROCE Average	10%	6%	7%	5%

Rico Auto Inds 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	344	349	451	471	524	563	616	621	606	642	689
Minority's Interest	0	0	4	4	3	3	4	3	3	0	2
Borrowings	164	96	88	92	67	63	165	210	241	188	377
Other Non-Current Liabilities	51	49	24	28	31	27	33	36	36	42	45
Total Current Liabilities	663	677	312	308	342	426	511	554	749	949	822
Total Liabilities	1221	1170	878	902	967	1083	1329	1423	1635	1822	1936
Fixed Assets	678	672	399	388	428	452	605	692	719	890	1005
Other Non-Current Assets	91	77	101	159	163	175	178	165	179	173	164
Total Current Assets	452	421	378	355	377	455	546	567	737	759	766
Total Assets	1221	1170	878	902	967	1083	1329	1423	1635	1822	1936

Rico Auto Inds 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	6	11	9	3	3	2	9	25	12	12	7
Cash Flow from Operating Activities	213	291	-21	35	75	86	128	117	23	216	160
Cash Flow from Investing Activities	-156	-72	246	-14	-67	-79	-181	-133	-102	-195	-233
Cash Flow from Financing Activities	-53	-221	-231	-22	-8	-1	69	2	80	-27	77
Net Cash Inflow / Outflow	5	-2	-6	-0	0	6	16	-14	1	-6	4
Closing Cash & Cash Equivalent	11	9	3	4	2	9	25	12	14	7	17

Rico Auto Inds 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)	0.4	0.25	11.34	2.18	3.81	4.27	3.73	1.23	-1.05	1.75	3.77
CEPS(Rs)	6.83	4.58	-7.33	5.65	7.24	8.27	8.04	7.11	4.88	8.5	12.04
DPS(Rs)	0.15	0.1	3	0.6	0.75	0.8	0.8	0.3	0.2	0.4	0.75
Book NAV/Share(Rs)	25.43	25.78	33.33	34.78	38.71	41.63	45.53	45.9	44.78	47.44	50.94
Core EBITDA Margin(%)	6.78	9.36	-20.71	9.13	10	10.66	10.32	8.12	6.03	8.37	9.5
EBIT Margin(%)	4.98	4.63	-10.42	5.69	7.19	7.23	7.1	3.58	1.54	4.25	5.48
Pre Tax Margin(%)	0.83	-1.09	-13.97	3.81	5.69	5.7	5.18	1.35	-1.08	1.92	3.16
PAT Margin (%)	0.32	-1.28	-12.36	2.75	4.64	4.72	3.66	1.19	-0.96	1.26	2.19
Cash Profit Margin (%)	5.56	5.35	-6.67	7.08	8.79	9.1	7.81	6.87	4.49	6.13	6.99
ROA(%)	0.45	-1.24	-17.94	3.34	5.53	5.66	4.23	1.21	-0.92	1.37	2.72
ROE(%)	1.57	-4.27	-45.95	6.45	10.39	10.67	8.65	2.7	-2.29	3.8	7.67
ROCE(%)	9.96	6.95	-23.2	9.21	10.99	11.14	10.81	4.93	2.08	6.73	9.66
Receivable days	38.45	51.55	38.49	48.92	50.52	58.48	65.58	70.09	76.79	69.65	59.43
Inventory Days	39.48	52.51	32.79	38.67	37.78	35.52	38.01	45.09	55.79	53.92	44.72
Payable days	60.49	126.89	78.96	90.74	82.04	80.13	86.35	110.37	139.43	140.1	111.99
PER(x)	16.05	43.45	3.82	15.53	14.79	18.41	17.01	16.3	0	18.03	17.88
Price/Book(x)	0.25	0.42	1.3	0.97	1.46	1.89	1.39	0.44	0.79	0.67	1.32
Dividend Yield(%)	2.35	0.91	6.93	1.78	1.33	1.02	1.26	1.5	0.56	1.27	1.11
EV/Net Sales(x)	0.38	0.49	0.57	0.67	0.96	1.1	0.87	0.48	0.68	0.53	0.7
EV/Core EBITDA(x)	3.67	3.73	-2.9	6.01	7.97	8.99	7.42	4.92	9.35	5.54	6.68
Net Sales Growth(%)	0.08	-33.35	-9.04	-25.21	3.08	16.51	15.16	0.6	4.92	26.61	23.71
EBIT Growth(%)	-21.26	-35.36	-293.75	139.67	30.32	10.95	15.09	-49.35	-54.71	251.52	60.07
PAT Growth(%)	-76.09	-375.42	-6905.56	116.16	73.91	12.29	-7.39	-67.31	-184.35	268.59	115.13
EPS Growth(%)	-76.09	-36.51	4400	-80.81	75.27	12.02	-12.6	-67.14	-185.42	267.28	115.14
Debt/Equity(x)	1.45	1	0.41	0.48	0.45	0.48	0.62	0.67	0.89	0.91	1.06
Current Ratio(x)	0.68	0.62	1.21	1.15	1.1	1.07	1.07	1.02	0.98	0.8	0.93
Quick Ratio(x)	0.42	0.39	0.87	0.76	0.78	0.77	0.75	0.69	0.63	0.49	0.59
Interest Cover(x)	1.2	0.81	-2.94	3.03	4.79	4.74	3.69	1.61	0.59	1.82	2.36
Total Debt/Mcap(x)	5.79	2.36	0.32	0.5	0.31	0.26	0.44	1.54	1.13	1.36	0.8

Rico Auto Inds Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	50.32	50.32	50.32	50.32	50.32	50.34	50.34	50.34	50.34	50.34
FII	0.45	0.73	0.71	1.03	1.43	1.14	1.95	1.12	1.11	1.84
DII	0.96	0.96	0.01	0	0	0	0	0	0	0
Public	48.27	47.99	48.96	48.64	48.25	48.52	47.72	48.54	48.55	47.83
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	6.81	6.81	6.81	6.81	6.81	6.81	6.81	6.81	6.81	6.81
FII	0.06	0.1	0.1	0.14	0.19	0.15	0.26	0.15	0.15	0.25
DII	0.13	0.13	0	0	0	0	0	0	0	0
Public	6.53	6.49	6.62	6.58	6.53	6.56	6.46	6.57	6.57	6.47
Others	0	0	0	0	0	0	0	0	0	0
Total	13.53	13.53	13.53	13.53	13.53	13.53	13.53	13.53	13.53	13.53

Pros

Debtor days have improved from 140.1 to 111.99days.

Cons

Company has a low return on equity of 3% over the last 3 years.
The company has delivered a poor profit growth of -2% over past five 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.