Rossell India

₹458.9 -6.5 | 1.4%

WEBSITE BSE:533168 NSE : ROSSELL IND 10 May, 16:01

Market Cap ₹1730 Cr.

Stock P/E 131.1

P/B 5.5

Current Price ₹458.9

Book Value ₹ 82.9

Face Value 2

52W High ₹549.9

Dividend Yield 0.09%

52W Low ₹ 254.1

Edit Ratio

Rossell India Research see more...

Overview Inc. Year: 1994Industry: Defence

Rossell India Ltd is an India-based organisation, that is engaged in offering tea and tea merchandise, and aviation services and products. The Company's segments encompass Cultivation, Manufacture and Sale of Tea; Aviation, Products and Services, and Hospitality. Its tea business produces crush, tear, curl (CTC) and orthodox tea, that's exported to the US, the United Kingdom, Germany, Japan, Iran, the United Arab Emirates and different destinations. The Company's aerospace and defense enterprise, focuses on custom embedded structures product development; test solution design and improvement, consisting of test jigs, rigs and simulators; wire harness engineering and looming, and product guide services. Its hospitality segment is engaged in a chain of restaurants with logo name, Kebab Xpress, targeted on serving North Indian meals in quick service restro format throughout India. Its menu includes curry items and kebabs for the non-vegetarian and vegetarian palate.

Rossell India Share Price

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Peer Comparison

Rossell India 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	95	84	55	70	119	97	68	70	119	111
Other Income	1	1	2	0	1	1	1	1	1	2
Total Income	95	85	57	70	121	98	69	71	120	112
Total Expenditure	61	72	66	57	72	92	80	63	84	103
Operating Profit	34	13	-9	13	49	6	-11	8	36	10
Interest	3	3	2	3	3	3	2	3	4	3
Depreciation	3	3	3	3	4	3	3	4	4	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-0
Profit Before Tax	28	7	-14	6	42	0	-17	1	29	3
Provision for Tax	3	1	-2	1	5	0	-2	0	4	1
Profit After Tax	25	6	-12	5	36	0	-14	1	24	2
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	25	6	-12	5	36	0	-14	1	24	2
Adjusted Earnings Per Share	6.9	1.6	-3.3	1.5	9.9	0.1	-3.8	0.3	6.5	0.5

Rossell India Profit & Loss

#(Fig in Cr.)	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	80	83	106	142	141	161	163	198	322	299	354	368
Other Income	1	1	2	5	4	7	6	4	2	4	4	5
Total Income	81	84	108	146	145	168	169	202	324	303	358	372
Total Expenditure	55	58	77	104	121	138	160	185	254	254	301	330
Operating Profit	26	26	31	42	24	30	10	17	70	49	57	43
Interest	2	1	2	9	8	8	9	9	16	10	12	12
Depreciation	2	2	3	4	10	10	9	10	12	12	14	14
Exceptional Income / Expenses	0	-1	14	0	0	0	0	0	-1	7	0	0
Profit Before Tax	23	23	39	29	6	12	-8	-2	41	33	31	16
Provision for Tax	5	4	9	8	2	2	-7	-2	8	3	4	3
Profit After Tax	18	19	30	20	4	10	-1	0	33	30	28	13
Adjustments	0	2	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	18	20	30	20	4	10	-1	0	33	30	28	13
Adjusted Earnings Per Share	4.9	5.3	8.3	5.6	1.2	2.6	-0.4	0.1	9	8.2	7.3	3.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	18%	21%	17%	16%
Operating Profit CAGR	16%	50%	14%	8%
PAT CAGR	-7%	0%	23%	5%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	76%	55%	50%	25%
ROE Average	10%	13%	8%	11%
ROCE Average	10%	13%	8%	13%

Rossell India Balance Sheet

#(Fig in Cr.)	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	149	167	195	214	213	222	170	169	216	246	287
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	42	32	22	12	15	9	35	25	15
Other Non-Current Liabilities	1	0	1	5	5	3	-5	-7	2	3	3
Total Current Liabilities	24	19	34	45	54	85	91	119	183	174	208
Total Liabilities	174	187	271	296	294	322	270	288	436	448	514
Fixed Assets	114	117	181	197	199	212	174	176	242	234	250
Other Non-Current Assets	43	45	69	67	49	58	34	32	33	34	28
Total Current Assets	17	24	21	33	46	51	62	80	161	180	235
Total Assets	174	187	271	296	294	322	270	288	436	448	514

Rossell India Cash Flow

#(Fig in Cr.)	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	4	9	4	1	1	2	4	3	1	2
Cash Flow from Operating Activities	15	21	21	24	-2	7	-4	-3	35	33	26
Cash Flow from Investing Activities	-3	-9	-74	-24	11	-13	5	-8	-4	0	-40
Cash Flow from Financing Activities	-16	-7	48	-3	-10	8	1	9	-33	-33	14
Net Cash Inflow / Outflow	-3	5	-5	-3	-0	2	2	-3	-1	1	-1
Closing Cash & Cash Equivalent	4	9	4	1	1	3	4	2	1	2	1

Rossell India Ratios

#	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.93	5.3	8.25	5.57	1.17	2.6	-0.36	0.07	8.97	8.18	7.33
CEPS(Rs)	5.4	5.61	9.09	6.71	3.78	5.2	2.04	2.7	12.22	11.57	10.98
DPS(Rs)	0.4	0.4	0.5	0.5	0.5	0.5	0.2	0	0.3	0.3	0.4
Book NAV/Share(Rs)	26.46	31.51	39.17	44.63	44.83	47.18	46.2	45.94	58.85	67.14	76.15
Core EBITDA Margin(%)	31.45	30.29	27.53	26.33	14.53	14.4	2.15	6.66	21.24	15.07	14.93
EBIT Margin(%)	30.16	28.53	39.12	26.58	10.3	12.56	0.45	3.7	17.81	14.54	12.17
Pre Tax Margin(%)	28.27	27.41	36.81	20.33	4.33	7.46	-4.84	-0.81	12.71	11.19	8.84
PAT Margin (%)	22.21	22.47	28.57	14.44	3.05	5.92	-0.8	0.12	10.21	10.04	7.82
Cash Profit Margin (%)	24.57	24.83	31.47	17.38	9.82	11.83	4.59	4.99	13.91	14.2	11.7
ROA(%)	10.31	10.33	13.22	7.21	1.46	3.1	-0.44	0.09	9.09	6.79	5.75
ROE(%)	20.14	17.53	23.34	13.3	2.62	5.65	-0.77	0.14	17.12	12.98	10.37
ROCE(%)	22.07	20.01	25.33	17.76	6.59	8.72	0.3	2.83	17.35	10.96	10.14
Receivable days	15.02	22.3	22.69	13.42	27.07	42.82	42.91	30.31	24.98	38.1	41.77
Inventory Days	19.41	16.33	14.34	17.39	22.84	32.65	57.57	77.31	92.09	141.99	141.15
Payable days	391.99	227.87	3246.39	415.87	237.4	240.22	105.13	83.55	45.23	83.65	98.14
PER(x)	11.31	8.33	4.95	8.09	69.5	43.1	0	1396.18	11.76	23.82	33.01
Price/Book(x)	2.11	1.4	1.04	1.01	1.82	2.37	2.77	1.99	1.79	2.9	3.18
Dividend Yield(%)	0.72	0.91	1.23	1.11	0.61	0.45	0.16	0	0.28	0.15	0.17
EV/Net Sales(x)	2.67	1.96	1.93	1.57	2.5	2.98	3.35	2.19	1.75	2.9	3.03
EV/Core EBITDA(x)	8.19	6.17	6.6	5.31	14.65	16.12	57.18	25.47	7.99	17.56	18.91
Net Sales Growth(%)	0.82	3.04	27.8	33.72	-0.32	14.17	1.31	21.54	62.46	-7.21	18.24
EBIT Growth(%)	-8.39	-2.73	75.17	-9.23	-61.35	39.15	-96.33	889.59	681.35	-24.27	-1.04
PAT Growth(%)	-3.35	4.1	62.37	-32.46	-78.96	121.74	-113.77	118.29	0	-8.81	-7.87
EPS Growth(%)	-4.17	7.54	55.68	-32.46	-78.97	121.75	-113.77	118.3	0	-8.81	-10.32
Debt/Equity(x)	0.15	0.08	0.41	0.35	0.34	0.41	0.48	0.59	0.82	0.62	0.56
Current Ratio(x)	0.71	1.24	0.62	0.72	0.85	0.6	0.69	0.68	0.88	1.03	1.13
Quick Ratio(x)	0.52	1.1	0.46	0.55	0.67	0.38	0.33	0.24	0.27	0.33	0.4
Interest Cover(x)	15.89	25.69	16.9	4.25	1.72	2.46	0.09	0.82	3.49	4.35	3.65
Total Debt/Mcap(x)	0.07	0.06	0.39	0.35	0.18	0.17	0.17	0.3	0.46	0.21	0.18

Rossell India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.91	74.91	74.91	74.91	74.8	74.8	74.8	74.8	74.8	74.8
FII	0.47	1.46	1.51	1.61	1.48	1.49	1.48	1.47	1.48	1.49
DII	0.25	1.24	1.76	1.76	2.29	2.57	3.06	3.15	3.15	3.15
Public	24.37	22.39	21.81	21.71	21.43	21.14	20.66	20.57	20.57	20.56
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	2.75	2.75	2.75	2.75	2.82	2.82	2.82	2.82	2.82	2.82
FII	0.02	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
DII	0.01	0.05	0.06	0.06	0.09	0.1	0.12	0.12	0.12	0.12
Public	0.89	0.82	0.8	0.8	0.81	0.8	0.78	0.78	0.78	0.77
Others	0	0	0	0	0	0	0	0	0	0
Total	3.67	3.67	3.67	3.67	3.77	3.77	3.77	3.77	3.77	3.77

Pros

Company has delivered good profit growth of 22% CAGR over last 5 years
Company has reduced debt.

Cons

Company has a low return on equity of 13% over the last 3 years.
Debtor days have increased from 83.65 to 98.14days.
Stock is trading at 5.5 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.