RSD Finance

₹103 4.6 | 4.6%

WEBSITE BSE:539875 NSE : RSDFIN 18 May, 10:00

Market Cap ₹133 Cr.

Stock P/E 13.0

P/B 0.7

Current Price ₹103

Book Value ₹ 150.9

Face Value 5

52W High ₹130

Dividend Yield 0%

52W Low ₹ 72.3

Edit Ratio

RSD Finance Research see more...

Overview Inc. Year: 1963Industry: Finance - NBFC

RSD Finance Ltd operates as a non-banking finance corporation in India. The Company presents loans and advances, inter-company deposits, and loans against securities, in addition to invests in stocks and securities, and diverse economic devices. It is likewise involved within the sale or purchase of equipments, plants, residences, securities, or different property; technology and transmission of solar power; and real estate business. In addition, the organisation offers activity work services for metallic plating; deals in heat remedy solutions; and operates a resort below the logo name of The Alcor Hotel in Jamshedpur, Jharkhand. RSD Finance Ltd incorporated in 1963 and is primarily based in Jamshedpur, India.

RSD Finance Share Price

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Price

Price: NSE50 DMA200 DMAVolume

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Peer Comparison

RSD Finance 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
Operating Revenue	24	28	30	25	22	23	24	25	19	28
Other Income	2	2	1	2	0	2	1	1	2	1
Total Income	25	30	31	27	22	25	25	26	21	29
Total Expenditure	12	22	19	18	15	15	19	18	12	19
Operating Profit	13	7	11	9	7	10	6	8	9	11
Interest Expense	0	0	1	0	1	1	1	1	4	1
Depreciation	3	3	3	2	3	4	3	3	2	3
Profit Before Tax	9	4	7	7	3	5	2	4	3	7
Provision for Tax	2	0	2	2	1	0	1	1	0	2
Profit After Tax	7	4	5	5	2	5	1	3	3	5
Adjustments	0	-1	-1	-2	-0	-0	0	-0	-0	-1
Profit After Adjustments	7	3	4	3	2	4	1	3	2	4
Adjusted Earnings Per Share	5.5	2.5	3.2	2.7	1.8	3.3	0.9	2.3	1.7	3.1

RSD Finance 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	TTM
Operating Revenue	10	27	41	39	38	54	68	51	93	92	96
Other Income	24	3	6	4	9	6	5	5	5	6	5
Total Income	34	30	46	43	47	60	73	55	98	99	101
Total Expenditure	8	23	28	25	32	41	53	39	61	66	68
Operating Profit	27	7	18	18	15	19	20	16	37	32	34
Interest Expense	0	0	1	1	2	2	2	2	2	3	7
Depreciation	0	1	3	3	7	6	5	5	11	13	11
Profit Before Tax	26	6	14	14	7	15	13	10	24	16	16
Provision for Tax	5	2	3	3	2	3	2	2	6	3	4
Profit After Tax	22	5	11	11	5	11	11	8	18	13	12
Adjustments	0	0	-1	-1	-0	-2	-5	3	1	-4	-1
Profit After Adjustments	22	5	10	10	5	10	6	11	19	9	10
Adjusted Earnings Per Share	0	0	0	0	3.6	7.4	5.9	8.3	14.8	6.7	8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	11%	19%	0%
Operating Profit CAGR	-14%	17%	16%	0%
PAT CAGR	-28%	6%	21%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	28%	44%	37%	NA%
ROE Average	7%	8%	8%	9%
ROCE Average	9%	10%	10%	11%

RSD Finance 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
Shareholder's Funds	87	91	113	122	127	140	146	156	176	183
Minority's Interest	0	0	14	15	15	17	20	21	24	28
Borrowings	8	11	14	14	17	15	19	18	27	29
Current Liability	12	8	21	17	13	14	19	17	23	21
Other Liabilities & Provisions	-0	-0	0	1	0	1	0	2	3	2
Total Liabilities	106	109	161	170	172	188	203	214	252	263
Loans	0	0	0	0	0	0	0	0	0	0
Investments	29	72	80	70	63	72	80	86	108	106
Fixed Assets	4	3	29	27	54	60	52	41	54	70
Other Loans	1	1	13	2	6	5	0	0	0	0
Other Non Current Assets	0	0	0	24	1	1	6	16	0	0
Current Assets	73	32	39	47	48	49	65	71	89	86
Total Assets	106	109	161	170	172	188	203	214	252	263

RSD Finance 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
Opening Cash & Cash Equivalents	0	0	1	6	3	1	3	2	3	8
Cash Flow from Operating Activities	-43	-6	11	-16	-8	5	4	15	5	6
Cash Flow from Investing Activities	-17	4	-32	12	4	0	-9	-13	-13	-12
Cash Flow from Financing Activities	60	3	26	1	2	-3	4	-1	13	4
Net Cash Inflow / Outflow	0	1	5	-3	-2	2	-2	1	5	-2
Closing Cash & Cash Equivalent	0	1	6	3	1	3	2	3	8	6

RSD Finance Ratios

#	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	0	0	0	3.64	7.39	5.87	8.29	14.81	6.73
CEPS(Rs)	16.9	4.05	10.63	10.54	9.5	13.87	12.46	9.99	22.21	19.9
DPS(Rs)	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0	0	0	0	98.11	108.07	112.4	120.87	135.62	141.39
Net Profit Margin	215.91	17.4	25.99	27.17	13.27	21.14	15.7	15.66	19.35	14
Operating Margin	264.59	25.24	36.71	37.03	22.96	30.85	21.91	22.49	28.31	21.25
PBT Margin	263.71	24.02	33.49	34.9	17.56	27.3	19.1	18.83	25.75	17.47
ROA(%)	20.36	4.38	7.82	6.43	2.96	6.39	5.48	3.79	7.74	5.02
ROE(%)	24.93	5.29	10.35	9.04	4.06	8.61	7.51	5.25	10.86	7.21
ROCE(%)	27.64	6.86	12.36	10.24	6	11.02	9.24	6.64	13.69	9.21
Price/Earnings(x)	0	0	0	0	7.72	2.71	3.49	4.16	7.36	12.33
Price/Book(x)	0	0	0	0	0.29	0.19	0.18	0.29	0.8	0.59
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.55	0.65	0.63	0.67	1.45	0.74	0.67	1.22	1.78	1.47
EV/Core EBITDA(x)	0.58	2.38	1.41	1.49	3.73	2.1	2.24	3.77	4.48	4.18
Interest Earned Growth(%)	0	169.49	50.15	-3.54	-2.57	42.44	25.48	-25.83	84.1	-0.9
Net Profit Growth	0	-78.28	124.21	0.88	-52.43	126.95	-6.81	-26.06	127.6	-28.3
EPS Growth(%)	0	0	0	0	-52.88	102.92	-20.55	41.15	78.7	-54.54
Interest Coverage(x) %	300.43	20.62	11.4	17.37	4.25	8.69	7.8	6.14	11.05	5.63

RSD Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	25.02	25.02	25.02	25.02	25.02	25.02	25.02	25.02	25.02	25.02
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	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.97
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32
Others	0	0	0	0	0	0	0	0	0	0
Total	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29	1.29

Pros

Stock is trading at 0.7 times its book value
Company has delivered good profit growth of 21% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 8% over the last 3 years.
Debtor days have increased from 86.19 to 100.49days.

* 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.