BSE: 0 | NSE: READYMIX | Engineering - Industrial Equipments |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Readymix Construction Machinery Ltd is a below average quality company.
The key valuation ratios of Readymix Construction Machinery Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Readymix Construction Machinery Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 21.7% | 33.6% | 60.6% | - |
| Value Creation Index ⓘ | 0.6 | 1.4 | 3.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 47.8 | 55 | 69.8 | 70 |
| Sales YoY Gr. | - | 15% | 26.9% | - |
| Adj EPS ⓘ | 1.7 | 3.5 | 11.7 | 8.5 |
| YoY Gr. | - | 109.5% | 233.5% | - |
| BVPS (₹) ⓘ | 8.4 | 11.9 | 23.8 | 58.3 |
| Adj Net Profit ⓘ | 1.3 | 2.8 | 9.3 | 9 |
| Cash Flow from Ops. ⓘ | -2.6 | 0.6 | 2.8 | - |
| Debt/CF from Ops. ⓘ | -1.8 | 13.3 | 2.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 26.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | 233.5% | ||||
| BVPSⓘ | NA | NA | NA | 98.9% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 20 | 34.7 | 65.8 | 20.7 |
| Op. Profit Mgn % ⓘ | 5.4 | 9 | 19.8 | NAN |
| Net Profit Mgn % ⓘ | 2.8 | 5.1 | 13.3 | 13.3 |
| Debt to Equity ⓘ | 0.7 | 0.8 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 193 | 165 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 96 | 103 | 0 |
Debt to equity has declined versus last 3 years average to 0.42
Return on Equity has declined versus last 3 years average to 20.70%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.5 | - |
| TTM Sales (₹ Cr.) | 69.8 | - |
| BVPS (₹.) ⓘ | 58.3 | - |
| Reserves (₹ Cr.) ⓘ | 53 | - |
| P/BV ⓘ | 1.48 | - |
| PE ⓘ | 10.20 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 94.7 |
| Equity (₹ Cr.) | 11 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.3 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 47.82 | 55 | 69.79 |
| Operating Expenses ⓘ | 45.23 | 50.03 | 55.96 |
| Manufacturing Costs | 4.89 | 6.42 | 8.23 |
| Material Costs | 32.38 | 34.31 | 37.91 |
| Employee Cost | 3.11 | 3.20 | 3.96 |
| Other Costs ⓘ | 4.85 | 6.10 | 5.86 |
| Operating Profit ⓘ | 2.60 | 4.96 | 13.83 |
| Operating Profit Margin (%) | 5.4% | 9.0% | 19.8% |
| Other Income ⓘ | 0.01 | 0.01 | 0.06 |
| Interest ⓘ | 0.62 | 1.04 | 0.90 |
| Depreciation ⓘ | 0.16 | 0.22 | 0.66 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.83 | 3.72 | 12.32 |
| Tax ⓘ | 0.50 | 0.94 | 3.04 |
| Profit After Tax | 1.33 | 2.78 | 9.28 |
| PAT Margin (%) | 2.8% | 5.1% | 13.3% |
| Adjusted EPS (₹) | 1.7 | 3.5 | 11.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6.63 | 9.43 | 18.75 | |||||||
| Share Capital ⓘ | 0.46 | 0.46 | 0.46 | |||||||
| Reserves ⓘ | 6.17 | 8.96 | 18.29 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 3.98 | 6.73 | 7.43 | |||||||
| Long Term Debt | 1.38 | 0.52 | 0.05 | |||||||
| Short Term Debt | 2.60 | 6.22 | 7.38 | |||||||
| Trade Payables | 11.35 | 8.83 | 5.42 | |||||||
| Others Liabilities ⓘ | 8.06 | 7.06 | 7.27 | |||||||
| Total Liabilities ⓘ | 30.03 | 32.05 | 38.88 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 2.12 | 4.27 | 6.30 | |||||||
| Accumulated Depreciation | 1.53 | 1.75 | 2.41 | |||||||
| Net Fixed Assetsⓘ | 0.59 | 2.52 | 3.89 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 13.50 | 12.86 | 13.41 | |||||||
| Trade Receivables | 11.89 | 13.22 | 18.09 | |||||||
| Cash Equivalents | 0.19 | 0.53 | 0.79 | |||||||
| Others Assetsⓘ | 3.84 | 2.92 | 2.69 | |||||||
| Total Assets ⓘ | 30.03 | 32.05 | 38.88 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2.59 | 0.57 | 2.84 |
| PBT ⓘ | 1.83 | 3.72 | 12.32 |
| Adjustment ⓘ | 0.73 | 1.31 | 1.58 |
| Changes in Working Capital ⓘ | -4.66 | -3.58 | -10.32 |
| Tax Paid ⓘ | -0.51 | -0.87 | -0.74 |
| Cash Flow From Investing Activity ⓘ | -0.11 | -2.14 | -2.02 |
| Capex | -0.14 | -2.15 | -2.04 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0.03 | 0 | 0.02 |
| Cash Flow From Financing Activityⓘ | 1.62 | 1.91 | -0.56 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.98 | -0.87 | -0.47 |
| Interest Paid ⓘ | -0.54 | -1 | -0.86 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 1.18 | 3.78 | 0.76 |
| Net Cash Flow ⓘ | -1.08 | 0.34 | 0.26 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.01 | 34.62 | 65.9 | |||||||
| ROCE (%) | 21.66 | 33.58 | 60.57 | |||||||
| Asset Turnover Ratio | 1.59 | 1.77 | 1.97 | |||||||
| PAT to CFO Conversion(x) | -1.95 | 0.21 | 0.31 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 91 | 83 | 82 | |||||||
| Inventory Days | 103 | 87 | 69 | |||||||
| Payable Days | 128 | 107 | 69 | |||||||
Readymix Construction Machinery Limited was originally incorporated as a private limited Company under the name ‘Readymix Construction Machinery Private Limited’ on January 24, 2012 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Pune (RoC). Thereafter on July 31, 2012, the company took over the business of partnership firm, M/s Readymix Construction Machinery. Thereafter, the company was converted into a public limited company, pursuant to a special resolution passed by its Shareholders at the Extra Ordinary General Meeting held on June 21, 2024 and consequently, the name of the company was changed from ‘Readymix Construction Machinery Private Limited’ to ‘Readymix Construction Machinery Limited’ and a fresh certificate of incorporation consequent upon conversion to public company was issued by the Registrar of Companies, Central Processing Centre on August 02, 2024.
Readymix Construction Machinery is an engineering-led company, offering engineering solutions for design, development, fabrication and installation of various plant & machineries along with related equipments like Dry Mix Mortar Plant, Support equipment for Ready-mix Concrete Plant, High capacity Silos, Artificial Sand Plants (Crusher), Wall Putty Plants, Other Customized Projects etc., catering to industrial requirements of various industries like cement, concrete, crushing, construction and building materials etc. It also provides complete end-to-end turnkey solutions from conceptualization, development, fabrication, assembling, testing, logistic support, final erection and installation of various plant & machineries along with related equipments at customer’s site and other incidental and allied activities related therewith along with after sales services which includes repair & maintenance services.
Further, it also provides Annual Maintenance Service to its customers to close any possible wear and tear, providing updates and upgrades for plant operational software along with scheduled inspection & maintenance visits. Additionally, it provides Business Consultancy Services which includes innovative design, engineering, technology, and operational challenges. From initial concept to final fabrication and commissioning, its solutions help reduce capital costs, improve efficiency, enhance plant performance, and increase automation. It also offers online support for equipment installation at customer sites and Recipe Consultancy Services to evaluate ingredient feasibility and optimize recipes.
Business area of the company
It is an engineering-led company, offering fully integrated engineering solutions from conceptualization, development, manufacturing and validation to implementation and installation of various plant & machineries along with related equipments catering to industrial requirements of various industries like cement, concrete, crushing, construction and building materials etc.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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