RIR Power Electronic

₹1830 -44.9 | 2.4%

WEBSITE BSE:517035 NSE : RIR 18 May, 12:50

Market Cap ₹1273 Cr.

Stock P/E 242.1

P/B 32.1

Current Price ₹1830

Book Value ₹ 57.1

Face Value 10

52W High ₹2310

Dividend Yield 0.08%

52W Low ₹ 370

Edit Ratio

RIR Power Electronic Research see more...

Overview Inc. Year: 1969Industry: Electronics - Components

RIR Power Electronics Ltd is a leading company specializing in the design, manufacturing, and distribution of advanced power electronic solutions. With a strong commitment to innovation and quality, RIR Power Electronics has established itself as a trusted name in the industry. The company offers a comprehensive range of products and services, including power converters, inverters, motor drives, and energy storage systems. These cutting-edge solutions are tailored to meet the diverse needs of various sectors, such as renewable energy, industrial automation, electric vehicles, and grid infrastructure. RIR Power Electronics boasts a team of highly skilled engineers and technicians who leverage their expertise to deliver reliable, efficient, and cost-effective solutions to clients worldwide. By continuously pushing the boundaries of power electronics technology, RIR Power Electronics remains at the forefront of driving sustainable energy solutions and enabling the transition towards a greener future.

RIR Power Electronic Share Price

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Peer Comparison

RIR Power Electronic Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	11	12	15	14	16	14	17	15
Other Income	1	1	0	0	1	1	0	0
Total Income	12	13	15	14	17	15	17	15
Total Expenditure	10	11	12	12	15	12	14	13
Operating Profit	2	2	3	3	3	2	3	2
Interest	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	1	2	3	2	2	2	2	1
Provision for Tax	0	0	1	0	1	1	1	0
Profit After Tax	1	1	2	2	1	1	2	1
Adjustments	-0	0	-0	0	0	-0	-0	0
Profit After Adjustments	1	1	2	2	1	1	2	1
Adjusted Earnings Per Share	1.4	1.8	2.8	2.7	1.7	2	2.3	1.6

RIR Power Electronic Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	30	42	57	62
Other Income	1	2	2	2
Total Income	31	44	59	64
Total Expenditure	27	37	49	54
Operating Profit	4	6	10	10
Interest	1	1	1	0
Depreciation	1	1	1	0
Exceptional Income / Expenses	0	-1	0	0
Profit Before Tax	2	4	8	7
Provision for Tax	1	1	2	3
Profit After Tax	1	3	6	5
Adjustments	0	0	0	0
Profit After Adjustments	1	3	6	5
Adjusted Earnings Per Share	1.9	4.1	8.6	7.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	36%	0%	0%	0%
Operating Profit CAGR	67%	0%	0%	0%
PAT CAGR	100%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	378%	226%	113%	66%
ROE Average	20%	13%	13%	13%
ROCE Average	15%	12%	12%	12%

RIR Power Electronic Balance Sheet

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	22	26	33
Minority's Interest	0	0	0
Borrowings	3	7	22
Other Non-Current Liabilities	2	1	1
Total Current Liabilities	8	34	23
Total Liabilities	34	68	79
Fixed Assets	6	9	7
Other Non-Current Assets	1	21	25
Total Current Assets	27	39	48
Total Assets	34	68	79

RIR Power Electronic Cash Flow

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0
Cash Flow from Operating Activities	4	-2	1
Cash Flow from Investing Activities	-1	-23	-4
Cash Flow from Financing Activities	-3	25	3
Net Cash Inflow / Outflow	-0	0	0
Closing Cash & Cash Equivalent	0	0	0

RIR Power Electronic Ratios

#	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.93	4.07	8.61
CEPS(Rs)	3.56	5.62	10.32
DPS(Rs)	0	1	1.5
Book NAV/Share(Rs)	32.05	37.86	47.59
Core EBITDA Margin(%)	9.58	11.49	14.09
EBIT Margin(%)	8.11	10.23	15.67
Pre Tax Margin(%)	6.17	8.72	13.84
PAT Margin (%)	4.42	6.64	10.41
Cash Profit Margin (%)	8.14	9.17	12.49
ROA(%)	3.88	5.5	8.1
ROE(%)	6.03	11.67	20.19
ROCE(%)	9.62	10.77	14.97
Receivable days	136.84	93.61	85.59
Inventory Days	157.21	126.02	110.06
Payable days	103.61	90.43	89.71
PER(x)	26.51	63.06	34.93
Price/Book(x)	1.6	6.78	6.32
Dividend Yield(%)	0	0.39	0.5
EV/Net Sales(x)	1.26	4.85	4.18
EV/Core EBITDA(x)	10.67	31.62	23.53
Net Sales Growth(%)	0	40.76	35.45
EBIT Growth(%)	0	77.57	107.49
PAT Growth(%)	0	111.23	112.43
EPS Growth(%)	0	110.62	111.32
Debt/Equity(x)	0.15	1.11	0.97
Current Ratio(x)	3.47	1.14	2.05
Quick Ratio(x)	1.79	0.66	1.26
Interest Cover(x)	4.19	6.81	8.6
Total Debt/Mcap(x)	0.09	0.16	0.15

RIR Power Electronic Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	71.8	71.75	71.75	71.75	71.74	71.74	71.74	71.51	70.5	69.73
FII	0	0	0	0	0	0	0	0	0	0
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	28.18	28.23	28.23	28.23	28.24	28.24	28.24	28.47	29.48	30.25
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	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.49	0.49
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.21	0.21
Others	0	0	0	0	0	0	0	0	0	0
Total	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7

Pros

Debtor days have improved from 90.43 to 89.71days.

Cons

Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 32.1 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.