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Royal India Corp.

₹23.6 0.2 | 0.8%

Market Cap ₹258 Cr.

Stock P/E -31.3

P/B 4

Current Price ₹23.6

Book Value ₹ 5.9

Face Value 10

52W High ₹56.1

Dividend Yield 0%

52W Low ₹ 4.7

Royal India Corp. Research see more...

Overview Inc. Year: 1984Industry: Diamond & Jewellery

Royal India Corporation Limited began its journey in 1984 as Natraj Commercial Enterprises Limited Company underwent a name change to Natraj Financial & Services Limited before adopting their current identity in 2006. Operates in precious metals industry, specializing in gold bullion, jewelry, coins, and medallions. With a strong presence in Mumbai, Royal India Corporation has been a part of India’s rich tradition in gold trade, catering to a diverse clientele that includes jewelers, investors, and collectors. The company’s management, led by directors like Jinesh Girish Mehta, has steered it towards consistent growth, with its shares listed on the Bombay Stock Exchange, reflecting its commitment to transparency and shareholder value.

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Royal India Corp. Share Price

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Quarterly Price

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Royal India Corp. Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 0 0 29 8 13 6 10 0 11 80
Other Income 0 0 0 1 0 0 0 -3 0 0
Total Income 0 0 30 9 13 6 10 -3 12 80
Total Expenditure 1 0 21 13 11 5 11 5 9 77
Operating Profit -0 -0 8 -4 3 2 -0 -8 3 3
Interest 3 4 3 0 3 3 3 -5 3 3
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 -4 -4 5 -4 -0 -2 -4 -3 -0 0
Provision for Tax 0 0 0 -3 0 0 0 -1 0 0
Profit After Tax -4 -4 5 -1 -0 -2 -4 -3 -0 0
Adjustments 0 -0 0 -0 0 -0 -0 0 0 0
Profit After Adjustments -4 -4 5 -1 -0 -2 -4 -3 -0 0
Adjusted Earnings Per Share -1.7 -1.6 2.1 -0.5 -0.1 -0.7 -1.6 -1.1 -0 0

Royal India Corp. Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 132 162 184 284 102 126 201 2 2 38 29 101
Other Income 0 0 0 3 0 1 0 0 0 4 -2 -3
Total Income 132 162 184 287 102 127 201 3 2 41 27 99
Total Expenditure 131 162 183 285 102 127 209 2 3 37 31 102
Operating Profit 0 0 1 2 -0 0 -8 0 -1 4 -4 -2
Interest 0 0 0 1 9 9 11 12 13 11 5 4
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 1 1 -10 -9 -18 -11 -14 -7 -9 -7
Provision for Tax 0 0 0 0 -3 -3 -3 -4 -6 -3 -1 -1
Profit After Tax 0 0 0 0 -7 -6 -15 -8 -8 -4 -8 -7
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 -7 -6 -15 -8 -8 -4 -8 -7
Adjusted Earnings Per Share 0.1 0.1 0.2 0.2 -3 -2.6 -6.6 -3.4 -3.5 -1.6 -3.6 -2.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -24% 144% -25% -14%
Operating Profit CAGR -200% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 429% 83% 108% 20%
ROE Average 0% 0% -101% -50%
ROCE Average -4% -0% -1% -0%

Royal India Corp. Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 37 37 38 34 27 21 6 -2 -10 -14 -22
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 6 0 0 35 77 91 101 111 124 137 132
Other Non-Current Liabilities 0 -0 -0 0 -2 -5 -8 -12 -18 -21 -21
Total Current Liabilities 17 15 60 154 211 227 39 39 39 41 41
Total Liabilities 59 52 97 223 312 334 137 137 136 144 130
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1 1 1 2 3 4 4 4 4 16 9
Total Current Assets 58 51 96 222 309 329 134 133 131 127 121
Total Assets 59 52 97 223 312 334 137 137 136 144 130

Royal India Corp. Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 0 0 2 0 0 2 1 1 1 1 1
Cash Flow from Operating Activities -7 7 -2 -35 -38 -14 -10 -11 -11 -1 -2
Cash Flow from Investing Activities 0 -0 0 -0 -2 -1 0 0 -0 -12 7
Cash Flow from Financing Activities 7 -6 0 35 41 14 10 11 12 14 -5
Net Cash Inflow / Outflow 0 2 -2 0 2 -1 1 -0 0 -0 0
Closing Cash & Cash Equivalent 0 2 0 0 2 1 1 1 1 1 1

Royal India Corp. Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 0.07 0.1 0.2 0.16 -3.01 -2.61 -6.6 -3.35 -3.45 -1.61 -3.57
CEPS(Rs) 0.08 0.15 0.2 0.16 -3.01 -2.61 -6.6 -3.35 -3.45 -1.61 -3.56
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 15.95 16.05 16.25 14.75 11.73 9.13 2.53 -0.82 -4.28 -5.89 -9.46
Core EBITDA Margin(%) 0.12 0.28 0.39 -0.19 -0.71 -0.79 -3.98 -0.88 -61.48 0.23 -8.47
EBIT Margin(%) 0.12 0.23 0.41 0.77 -0.32 0.16 -3.83 21.22 -39.71 10.7 -14.41
Pre Tax Margin(%) 0.12 0.22 0.41 0.29 -9.55 -6.85 -9.19 -522.19 -772.55 -18.18 -31.41
PAT Margin (%) 0.12 0.14 0.25 0.13 -6.84 -4.79 -7.59 -358.07 -450.51 -9.92 -28.58
Cash Profit Margin (%) 0.15 0.22 0.25 0.13 -6.84 -4.79 -7.59 -358 -450.36 -9.88 -28.51
ROA(%) 0.2 0.41 0.61 0.23 -2.59 -1.86 -6.47 -5.65 -5.85 -2.66 -6.01
ROE(%) 0.41 0.62 1.21 1.05 -22.74 -24.99 -113.22 -393.57 0 0 0
ROCE(%) 0.41 0.87 1.79 3.62 -0.34 0.18 -6.66 0.4 -0.59 3.27 -3.55
Receivable days 179.68 99.29 130.7 177.19 751.7 719.1 301.46 0 0 747.02 1030.91
Inventory Days 24.33 10.04 1.13 8.53 127.77 167.15 104.94 0 0 484.45 511.1
Payable days 100.05 29.98 63.87 127.74 568.12 572 233.75 7024.2 8494.77 419.7 422.72
PER(x) 60.61 36.67 11.07 8.39 0 0 0 0 0 0 0
Price/Book(x) 0.25 0.23 0.13 0.09 0.13 0.18 0.15 -0.87 -0.75 -0.41 -1.18
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.11 0.07 0.05 0.17 0.87 0.79 0.53 55.41 77.78 3.78 5.44
EV/Core EBITDA(x) 73.02 23.68 13.13 21.69 -268.31 485.84 -13.94 260.36 -196.58 35.15 -37.95
Net Sales Growth(%) 19.09 23.35 13.23 54.64 -64.26 23.72 59.73 -98.92 -18.18 2021.56 -23.13
EBIT Growth(%) 183.41 123.88 105.92 189.95 -115.07 161.8 -3870.87 105.97 -253.13 671.66 -203.56
PAT Growth(%) 278.12 51.15 96.44 -17.3 -1956.93 13.4 -153.09 49.18 -2.94 53.26 -121.39
EPS Growth(%) 277.14 51.21 96.39 -17.3 -1957.06 13.39 -153.09 49.18 -2.94 53.26 -121.38
Debt/Equity(x) 0.16 0.13 0.13 1.31 3.2 4.57 18.43 -62.61 -13.34 -10.1 -6.06
Current Ratio(x) 3.46 3.36 1.61 1.44 1.46 1.45 3.4 3.41 3.34 3.11 2.92
Quick Ratio(x) 2.93 3.36 1.59 1.37 1.18 1.2 1.89 1.88 1.84 2.12 1.95
Interest Cover(x) 22.21 30.48 149.27 1.62 -0.04 0.02 -0.71 0.04 -0.05 0.37 -0.85
Total Debt/Mcap(x) 0.63 0.59 1 14.17 24.22 24.98 119.5 71.71 17.88 24.79 5.12

Royal India Corp. Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 45.92 45.92 45.92 45.92 45.92 45.92 45.92 33.26 38 38
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 54.08 54.08 54.08 54.08 54.08 54.08 54.08 66.74 62 62
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 reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 38%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 419.7 to 422.72days.
  • Stock is trading at 4 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.

Royal India Corp. News

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