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Consolidated Standalone

Ritesh Properties

₹30.9 0.3 | 0.9%

Market Cap ₹842 Cr.

Stock P/E 61.8

P/B 6

Current Price ₹30.9

Book Value ₹ 5.1

Face Value 1

52W High ₹59

Dividend Yield 0%

52W Low ₹ 29.1

Edit Ratio

Ritesh Properties Research see more...

Overview Inc. Year: 1987Industry: Construction - Real Estate

Ritesh Properties and Industries Ltd real estate, fabric, and buying and selling businesses in India. The enterprise mostly develops business parks. It is also within the sale of fabrics; and stocks, derivatives, foreign exchange, commodities, options and different financial instruments. The employer become formerly called Ritesh Industries Ltd. and modified its call to Ritesh Properties and Industries Ltd in September 2007. Ritesh Properties and Industries Ltd become integrated in 1987 and is based in Ludhiana, India.

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Ritesh Properties Share Price

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Peer Comparison

Ritesh Properties Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 51 41 24 17 16 14 34 62 59 84
Other Income 2 2 1 2 1 1 0 1 1 1
Total Income 53 43 25 19 17 15 35 63 60 85
Total Expenditure 43 34 21 16 13 24 31 59 52 64
Operating Profit 10 9 4 3 4 -9 3 4 8 21
Interest 0 0 0 0 0 0 1 1 1 2
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 9 9 4 3 4 -9 3 2 6 19
Provision for Tax -0 -2 -1 -0 0 1 -0 -1 3 -1
Profit After Tax 10 10 5 3 4 -10 3 3 3 20
Adjustments -5 -4 -3 -2 -2 4 -2 -2 -2 -10
Profit After Adjustments 5 6 2 2 1 -6 1 0 1 11
Adjusted Earnings Per Share 0 0 0.1 0.1 0.1 -0.2 0 0 0.1 0.4

Ritesh Properties Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023 TTM
Net Sales 9 11 12 16 18 13 50 185 72 239
Other Income 1 1 1 1 1 1 1 14 4 3
Total Income 10 12 12 17 19 14 50 199 76 243
Total Expenditure 5 12 10 15 17 12 48 158 73 206
Operating Profit 5 0 2 2 2 2 2 42 3 36
Interest 0 0 0 0 0 0 0 1 1 5
Depreciation 1 0 0 0 0 0 0 1 1 0
Exceptional Income / Expenses -0 -0 -0 1 1 -0 -0 0 0 0
Profit Before Tax 4 -1 1 3 2 2 2 40 2 30
Provision for Tax 0 0 0 0 -0 0 0 -0 -3 1
Profit After Tax 4 -1 1 2 2 2 2 41 5 29
Adjustments 0 0 0 0 0 0 0 -17 -6 -16
Profit After Adjustments 4 -1 1 2 2 2 2 24 -1 13
Adjusted Earnings Per Share 0.3 -0.1 0.1 0.2 0.2 0.2 0.2 1 -0 0.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -61% 77% 35% 0%
Operating Profit CAGR -93% 14% 8% 0%
PAT CAGR -88% 36% 20% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -32% 69% 82% 40%
ROE Average 5% 24% 21% 28%
ROCE Average 2% 21% 19% 20%

Ritesh Properties Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023
Shareholder's Funds 11 10 11 13 16 27 29 110 117
Minority's Interest 0 0 0 0 0 0 0 46 51
Borrowings 0 0 0 0 0 0 1 7 1
Other Non-Current Liabilities 14 23 24 14 3 2 5 -1 -4
Total Current Liabilities 18 33 31 27 27 25 26 25 40
Total Liabilities 42 66 66 54 46 54 60 188 205
Fixed Assets 6 6 6 6 5 2 2 4 4
Other Non-Current Assets 23 8 7 5 4 23 24 11 12
Total Current Assets 7 48 49 39 32 29 34 173 190
Total Assets 42 66 66 54 46 54 60 188 205

Ritesh Properties Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 1 1 1 2 0 4 4 6
Cash Flow from Operating Activities 6 -4 -1 8 7 3 -3 -20 -15
Cash Flow from Investing Activities 1 -5 1 3 2 -0 18 10 8
Cash Flow from Financing Activities -7 10 0 -10 -11 0 -16 12 5
Net Cash Inflow / Outflow -0 0 0 1 -2 4 -0 2 -1
Closing Cash & Cash Equivalent 1 1 1 2 0 4 3 6 5

Ritesh Properties Ratios

# Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.31 -0.05 0.09 0.2 0.2 0.15 0.18 0.97 -0.02
CEPS(Rs) 0.39 -0.02 0.13 0.23 0.24 0.17 0.2 1.68 0.21
DPS(Rs) 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0.45 0.46 0.55 0.73 0.94 2.32 2.5 4.47 4.21
Core EBITDA Margin(%) 47.39 -7.42 11.79 3.09 4.86 9.64 3.65 14.85 -0.64
EBIT Margin(%) 44.92 -1.7 12.69 16.64 13 13.94 4.27 22.26 3.83
Pre Tax Margin(%) 41.3 -4.78 9.73 15.87 12.75 13.49 4.05 21.66 3.06
PAT Margin (%) 39.73 -5.5 9.11 14.43 12.76 13.49 4.05 21.88 7.35
Cash Profit Margin (%) 51.31 -2.43 12.63 16.45 15.38 15.19 4.55 22.17 8.12
ROA(%) 8.87 -1.09 1.6 3.81 4.59 3.49 3.51 32.62 2.7
ROE(%) 113.16 -11.22 18.09 30.94 23.7 9.23 7.2 58.58 4.72
ROCE(%) 28.83 -3.13 22.92 33.81 23.42 9.34 7.43 54.74 2.25
Receivable days 11.98 9.19 25.87 38.22 44.35 38.16 34.76 70.42 245.8
Inventory Days 188.89 499.8 776.03 549.89 468.57 496.72 99.95 76.93 456.56
Payable days 3218.2 1062.49 2036.45 1046.21 1341.21 681.27 88 22.61 222.93
PER(x) 3.13 0 7.92 6.3 4 3 4.2 37.6 0
Price/Book(x) 2.13 1.54 1.32 1.7 0.84 0.19 0.3 8.18 7.94
Dividend Yield(%) 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.25 0.73 0.66 0.77 0.51 0.14 0.12 4.86 12.79
EV/Core EBITDA(x) 2.21 49.11 3.61 6.88 4.67 0.84 2.52 21.56 277.22
Net Sales Growth(%) 868.09 20.9 7.93 36.65 13.08 -28.08 284.83 272.46 -61.03
EBIT Growth(%) 342.74 -104.57 906.21 79.21 -11.65 -22.87 18.01 1839.21 -93.28
PAT Growth(%) 278.39 -116.75 278.66 116.43 -0.02 -23.93 15.43 1913.9 -86.89
EPS Growth(%) 278.39 -116.75 278.66 116.43 -0.02 -23.93 18.69 445.6 -102.02
Debt/Equity(x) 0.11 0.1 0.1 0.02 0.04 0.02 0.03 0.1 0.09
Current Ratio(x) 0.42 1.47 1.58 1.45 1.21 1.18 1.33 6.87 4.7
Quick Ratio(x) 0.17 0.71 0.8 0.57 0.36 0.67 0.81 4.35 1.79
Interest Cover(x) 12.4 -0.55 4.29 21.56 51.46 31 18.72 37.29 4.96
Total Debt/Mcap(x) 0.05 0.07 0.08 0.01 0.05 0.08 0.11 0.01 0.01

Ritesh Properties Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 70.25 71.74 71.74 71.74 73.15 73.15 74.81 74.81 74.86 74.89
FII 2.06 2.01 2.26 2.26 2.19 2.16 2.04 2.3 2.36 3.54
DII 0 0 0 0 0 0 0 0 0 0.06
Public 27.69 26.25 26.01 26.01 24.66 24.69 23.15 22.89 22.78 21.51
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 a good return on equity (ROE) track record: 3 Years ROE 24%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 22.61 to 222.93days.
  • Stock is trading at 6 times its book value.

* 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.

Ritesh Properties News

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