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RTS Power Corp

₹265.8 3.1 | 1.2%

Market Cap ₹244 Cr.

Stock P/E 50.1

P/B 1.7

Current Price ₹265.8

Book Value ₹ 154.6

Face Value 10

52W High ₹294

Dividend Yield 0%

52W Low ₹ 108.1

RTS Power Corp Research see more...

Overview Inc. Year: 1947Industry: Electric Equipment

RTS Power Corporation Limited is a company that engages in real estate development and wind energy generation. The company was incorporated in 1971 and hails from the house of the Bhutoria Group. It was formerly engaged in the manufacturing of specialty papers, but demerged its paper business in 2016. Their real estate development initiative comprises of two projects in Pune, namely Greens and Green Ville, which involve the construction of residential and commercial complexes with modern amenities and infrastructure. It also operate three wind power plants in Maharashtra, with a total generation capacity of 4.6 MW. The company is ISO 9001 and ISO 27001 certified and follows relevant BIS and IEC standards. The company is led by its chairman Mr. Saripalli Karunakar and its managing director Mr. Dhaneel Shanthpure.

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RTS Power Corp Share Price

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RTS Power Corp 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 22 29 24 22 37 39 45 27 30 36
Other Income 3 1 2 1 1 1 0 2 1 1
Total Income 25 30 26 23 38 40 46 29 31 37
Total Expenditure 19 29 25 21 32 33 42 26 28 33
Operating Profit 5 1 1 2 6 8 4 3 3 4
Interest 1 0 1 1 0 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 -0 -1 0 5 6 2 1 2 2
Provision for Tax 1 -1 0 0 1 2 1 0 0 0
Profit After Tax 2 0 -1 0 4 4 1 1 2 2
Adjustments -0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 2 0 -1 0 4 4 1 1 2 2
Adjusted Earnings Per Share 2.3 0.5 -1.4 0.2 4.2 4.6 0.9 1 1.7 1.8

RTS Power Corp Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 102 142 173 143 112 78 92 143 138
Other Income 1 1 1 3 2 6 7 4 4
Total Income 103 143 175 146 114 84 100 147 143
Total Expenditure 95 132 160 137 106 75 90 127 129
Operating Profit 8 11 15 10 8 9 10 19 14
Interest 9 9 11 7 3 2 3 3 4
Depreciation 2 1 2 2 3 3 4 3 4
Exceptional Income / Expenses 0 0 -0 1 0 0 0 0 0
Profit Before Tax -3 0 2 2 3 4 3 13 7
Provision for Tax -1 0 1 1 -9 1 1 4 1
Profit After Tax -2 0 1 2 11 2 2 9 6
Adjustments 0 0 -0 0 0 0 0 0 0
Profit After Adjustments -2 0 1 2 11 2 2 9 6
Adjusted Earnings Per Share -2.6 0.1 1.5 1.9 12.2 2.5 1.7 9.8 5.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 55% 8% -4% 0%
Operating Profit CAGR 90% 33% 5% 0%
PAT CAGR 350% -6% 55% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 98% 80% 50% 33%
ROE Average 7% 3% 5% 3%
ROCE Average 10% 6% 7% 8%

RTS Power Corp Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 44 44 45 54 125 127 129 138
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 1 1 1 1 0 6 8 3
Other Non-Current Liabilities 1 1 1 1 25 27 22 26
Total Current Liabilities 89 125 129 61 29 23 23 32
Total Liabilities 135 171 177 118 180 183 182 198
Fixed Assets 15 14 16 13 88 95 91 93
Other Non-Current Assets 3 5 2 2 14 12 11 14
Total Current Assets 118 152 160 102 78 76 80 91
Total Assets 135 171 177 118 180 183 182 198

RTS Power Corp Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 2 2 9 6 1 1 5
Cash Flow from Operating Activities 1 20 17 3 28 0 -0 -0
Cash Flow from Investing Activities 1 -5 -1 5 -6 -4 -27 -1
Cash Flow from Financing Activities -1 -16 -6 -15 -27 5 31 -2
Net Cash Inflow / Outflow 1 -1 9 -8 -5 0 4 -3
Closing Cash & Cash Equivalent 2 2 11 1 1 1 5 2

RTS Power Corp Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -2.57 0.09 1.5 1.91 12.16 2.55 1.72 9.78
CEPS(Rs) -0.64 1.91 3.72 3.83 14.88 5.89 5.88 13.58
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 53.7 53.75 55.25 57.2 135.94 138.34 140.5 150.14
Core EBITDA Margin(%) 6.27 6.38 7.12 4.2 5.29 3.37 2.91 11.1
EBIT Margin(%) 5.6 6 6.75 6.01 4.84 7.61 6.7 11.14
Pre Tax Margin(%) -2.7 0.07 0.97 1.35 2.29 4.6 3.3 9.27
PAT Margin (%) -1.84 0.05 0.64 0.99 9.99 3.01 1.71 6.25
Cash Profit Margin (%) -0.46 0.98 1.59 1.98 12.23 6.97 5.84 8.69
ROA(%) -1.55 0.05 0.7 1.06 7.49 1.29 0.86 4.71
ROE(%) -4.78 0.17 2.75 3.4 13.01 1.86 1.23 6.73
ROCE(%) 6.98 10.76 14.64 10.86 5.01 4.3 4.23 10.38
Receivable days 216.32 178.55 173.13 173.24 158.16 156.32 123.67 107.98
Inventory Days 118.91 98.68 83.37 78.47 86.24 125.59 106.11 62.2
Payable days 190.45 205.1 221.7 192.83 114.2 102.48 39.99 27.17
PER(x) 0 119.44 14.14 16.59 1.8 18.33 34.57 12.28
Price/Book(x) 0.26 0.21 0.38 0.55 0.16 0.34 0.42 0.8
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.52 0.3 0.26 0.39 0.19 0.71 0.76 0.9
EV/Core EBITDA(x) 6.74 3.91 3.05 5.86 2.63 6.11 7.02 6.63
Net Sales Growth(%) 0 39.07 21.96 -17.23 -22.14 -30.54 19.17 55.12
EBIT Growth(%) 0 48.73 35.51 -26.09 -43.15 9.16 4.83 158.06
PAT Growth(%) 0 103.65 1498.99 27.64 614.38 -79.06 -32.39 468.12
EPS Growth(%) 0 103.65 1498.33 27.69 536.46 -79.06 -32.39 468.12
Debt/Equity(x) 1.09 0.93 1.01 0.56 0.06 0.13 0.16 0.15
Current Ratio(x) 1.32 1.22 1.24 1.66 2.66 3.36 3.4 2.86
Quick Ratio(x) 0.9 0.83 0.94 1.18 1.87 2.04 2.39 2.07
Interest Cover(x) 0.67 1.01 1.17 1.29 1.9 2.53 1.97 5.98
Total Debt/Mcap(x) 4.17 4.49 2.64 1.17 0.34 0.38 0.38 0.19

RTS Power Corp Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74 74 74 74 74 74 74 74 74 74
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26 26 26 26 26 26 26 26 26 26
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 delivered good profit growth of 55% CAGR over last 5 years
  • Debtor days have improved from 39.99 to 27.17days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3% over the last 3 years.

* 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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