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Riddhi Siddhi Gluco

₹579.2 8.1 | 1.4%

Market Cap ₹413 Cr.

Stock P/E -9.6

P/B 0.3

Current Price ₹579.2

Book Value ₹ 2118.8

Face Value 10

52W High ₹735

Dividend Yield 0.26%

52W Low ₹ 328.1

Riddhi Siddhi Gluco Research see more...

Overview Inc. Year: 1990Industry: Trading

Riddhi Siddhi Gluco Biols Ltd is engaged in agriculture and metal commodities, and electricity generation via wind mill. The Company's segments include Wind Energy Generation and Trading business. It's plants are located at KAS, Satara district in Maharashtra, Vandhiya, Kutch district in Gujarat, Alangulam/Tenkasi, Tirunelveli district in Tamilnadu. The Company's windmills have producing potential of about 33.5 megawatts. It's subsidiaries encompass Riddhi Siddhi Estate Creator LLP and Shree Rama Newsprint Ltd. Shree Rama Newsprint Ltd is engaged in presenting unsecured mortgage (inter corporate deposit) and company guarantee.

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Riddhi Siddhi Gluco Share Price

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Peer Comparison

Riddhi Siddhi Gluco 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 262 104 24 52 29 22 70 64 18 136
Other Income 17 15 14 15 18 17 16 22 23 20
Total Income 280 119 39 67 47 39 87 86 41 156
Total Expenditure 244 111 26 50 26 23 74 63 14 133
Operating Profit 36 8 13 17 22 16 13 22 26 23
Interest 5 5 2 2 2 2 2 2 3 2
Depreciation 9 9 3 3 2 2 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 21 -6 8 12 18 12 8 17 21 18
Provision for Tax 4 6 5 6 9 2 -2 10 9 9
Profit After Tax 17 -11 3 6 9 11 10 7 12 9
Adjustments 5 4 -6 -1 -7 -6 -77 1 -4 -2
Profit After Adjustments 22 -8 -2 5 2 4 -67 9 8 7
Adjusted Earnings Per Share 30.8 -10.8 -3.4 6.6 3 6.1 -93.6 12.2 11.8 9.3

Riddhi Siddhi Gluco Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 342 508 804 682 576 498 223 173 288
Other Income 134 118 335 70 50 59 62 68 81
Total Income 476 626 1139 752 627 557 285 241 370
Total Expenditure 349 560 1073 605 529 511 200 173 284
Operating Profit 127 66 66 147 98 45 85 68 84
Interest 33 52 62 40 31 26 8 8 9
Depreciation 35 35 34 35 37 37 13 12 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 59 -21 -30 73 30 -18 64 48 64
Provision for Tax 15 25 -39 6 6 44 16 15 26
Profit After Tax 44 -45 9 67 24 -62 49 33 38
Adjustments -4 3 10 -19 9 15 -34 -89 -82
Profit After Adjustments 40 -43 19 49 33 -47 14 -56 -43
Adjusted Earnings Per Share 56.3 -60 26.6 68.3 46.1 -65.6 20.1 -77.9 -60.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -22% -33% -26% 0%
Operating Profit CAGR -20% -11% 1% 0%
PAT CAGR -33% 11% 30% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 64% 27% 17% 5%
ROE Average 2% 0% 2% 1%
ROCE Average 4% 3% 4% 3%

Riddhi Siddhi Gluco Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 1367 1323 1389 1436 1425 1453 1504 1432
Minority's Interest 107 178 168 165 133 99 87 58
Borrowings 226 189 165 116 85 80 72 1
Other Non-Current Liabilities 29 43 4 -7 -24 16 18 11
Total Current Liabilities 347 640 416 357 340 292 156 96
Total Liabilities 2075 2373 2142 2066 1959 1941 1838 1692
Fixed Assets 783 769 744 723 748 770 738 392
Other Non-Current Assets 169 257 328 408 228 571 561 573
Total Current Assets 1123 1347 1070 935 983 600 539 490
Total Assets 2075 2373 2142 2066 1959 1941 1838 1692

Riddhi Siddhi Gluco Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 43 31 30 8 17 72 4 0
Cash Flow from Operating Activities 0 -284 -34 -1 116 130 161 1
Cash Flow from Investing Activities -67 65 269 163 30 -91 -71 8
Cash Flow from Financing Activities -55 192 -263 -169 -131 -108 -94 2
Net Cash Inflow / Outflow -122 -27 -28 -7 15 -69 -3 11
Closing Cash & Cash Equivalent 2 4 1 1 32 3 0 11

Riddhi Siddhi Gluco Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 56.3 -59.99 26.58 68.31 46.11 -65.62 20.09 -77.9
CEPS(Rs) 110.09 -14.69 60.43 142.91 85.05 -34.13 86.21 63.29
DPS(Rs) 3 2 0 2 0 0 1 1.5
Book NAV/Share(Rs) 1916.82 1855.36 1947.59 2013.04 1998.12 2037.66 2110.1 2008.5
Core EBITDA Margin(%) -2.08 -10.12 -33.44 11.28 8.25 -2.74 10.3 0.09
EBIT Margin(%) 26.82 6.13 3.95 16.52 10.66 1.58 32.15 32.39
Pre Tax Margin(%) 17.21 -4.04 -3.74 10.69 5.25 -3.63 28.78 28.01
PAT Margin (%) 12.79 -8.89 1.1 9.86 4.18 -12.42 21.82 19.31
Cash Profit Margin (%) 22.88 -2.05 5.36 14.95 10.52 -4.89 27.53 26.09
ROA(%) 2.12 -2.04 0.39 3.2 1.2 -3.17 2.58 1.89
ROE(%) 3.21 -3.37 0.65 4.76 1.68 -4.3 3.29 2.27
ROCE(%) 5.08 1.64 1.64 6.17 3.53 0.47 4.3 3.53
Receivable days 148.45 66 21.54 26.49 93.5 127.84 124.76 98.66
Inventory Days 34.39 144 167.42 217.22 205.64 155.58 224.25 64.22
Payable days 201.05 132.42 55.47 73.6 81.77 77.52 143.83 86.09
PER(x) 5.51 0 23.51 4.83 4.32 0 17.19 0
Price/Book(x) 0.16 0.24 0.32 0.16 0.1 0.12 0.16 0.17
Dividend Yield(%) 0.97 0.45 0 0.61 0 0 0.29 0.45
EV/Net Sales(x) 1.94 1.96 1.14 0.86 0.66 0.81 1.79 1.78
EV/Core EBITDA(x) 5.23 15.03 13.92 3.96 3.86 8.85 4.73 4.54
Net Sales Growth(%) 0 48.56 58.24 -15.19 -15.48 -13.65 -55.13 -22.55
EBIT Growth(%) 0 -66.03 1.54 254.7 -45.47 -87.2 813.19 -21.98
PAT Growth(%) 0 -203.25 119.58 657.92 -64.19 -356.68 178.82 -31.46
EPS Growth(%) 0 -206.57 144.31 156.99 -32.5 -242.3 130.62 -487.71
Debt/Equity(x) 0.33 0.52 0.34 0.25 0.19 0.16 0.1 0.06
Current Ratio(x) 3.24 2.1 2.57 2.62 2.89 2.05 3.46 5.12
Quick Ratio(x) 3.15 1.53 1.69 1.38 2.29 1.31 3.1 5.07
Interest Cover(x) 2.79 0.6 0.51 2.84 1.97 0.3 9.54 7.39
Total Debt/Mcap(x) 2.01 2.16 1.06 1.5 1.9 1.29 0.63 0.34

Riddhi Siddhi Gluco Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74.89 74.89 74.89 74.89 74.89 74.89 74.54 74.54 74.54 74.54
FII 0 0 0 0 0 0 0 0 0 0
DII 0.53 0.53 0.53 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 24.58 24.58 24.58 25.1 25.1 25.1 25.45 25.45 25.45 25.45
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.3 times its book value
  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Debtor days have improved from 143.83 to 86.09days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Earnings include an other income of Rs. 68 Cr.

* 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.

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