BSE: 544291 | NSE: | Trading |
Past 10 year's financial track record analysis by Moneyworks4me indicates that Rajesh Power Services Ltd is a good quality company.
The key valuation ratios of Rajesh Power Services 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 Rajesh Power Services 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.
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 20.1% | 14.6% | 17.9% | 9.9% | 13% | 11.2% | 14.6% | 30.9% | - |
| Value Creation Index ⓘ | 0.4 | 0.0 | 0.3 | -0.3 | -0.1 | -0.2 | 0.1 | 1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 99.5 | 125 | 176 | 168 | 112 | 147 | 207 | 285 | 285 |
| Sales YoY Gr. | - | 25.5% | 40.7% | -4.5% | -33.5% | 31.6% | 41.1% | 37.6% | - |
| Adj EPS ⓘ | 6.7 | 1.6 | 4.6 | 1.6 | 2.9 | 2.3 | 4.1 | 14 | 14.5 |
| YoY Gr. | - | -75.4% | 177.4% | -64.8% | 78.1% | -21.1% | 80% | 246.4% | - |
| BVPS (₹) ⓘ | 30.5 | 12.5 | 29.8 | 30.7 | 32.4 | 34.4 | 38.6 | 55.4 | 134.8 |
| Adj Net Profit ⓘ | 6.7 | 5 | 6.9 | 2.4 | 4.3 | 3.4 | 6.2 | 21.4 | 26 |
| Cash Flow from Ops. ⓘ | 12.5 | 16.7 | 3.2 | 12.3 | 13.9 | 6.5 | 15.4 | -14.7 | - |
| Debt/CF from Ops. ⓘ | 1.2 | 1.9 | 10.4 | 2.3 | 3.5 | 9.6 | 3.9 | -5.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 10.2% | 36.7% | 37.6% | ||||
| Adj EPS ⓘ | NA | 25.3% | 70.1% | 246.4% | ||||
| BVPSⓘ | NA | 13.2% | 19.6% | 43.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.9 | 14.6 | 16.6 | 5.3 | 9 | 6.8 | 11.1 | 29.9 | 15.2 |
| Op. Profit Mgn % ⓘ | 9.7 | 6.9 | 7.6 | 4.2 | 9.4 | 7.5 | 6.8 | 11.9 | NAN |
| Net Profit Mgn % ⓘ | 6.7 | 4 | 3.9 | 1.5 | 3.9 | 2.3 | 3 | 7.5 | 9.1 |
| Debt to Equity ⓘ | 0.5 | 0.8 | 0.7 | 0.6 | 1 | 1.2 | 1 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 193 | 186 | 212 | 346 | 317 | 270 | 239 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 97 | 81 | 98 | 115 | 123 | 96 | 82 | 0 |
Sales growth is growing at healthy rate in last 3 years 36.68%
Net Profit is growing at healthy rate in last 3 years 70.11%
Debt to equity has declined versus last 3 years average to 0.92
Return on Equity has declined versus last 3 years average to 15.20%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 14.5 | - |
| TTM Sales (₹ Cr.) | 285 | - |
| BVPS (₹.) ⓘ | 134.8 | - |
| Reserves (₹ Cr.) ⓘ | 225 | - |
| P/BV ⓘ | 7.30 | - |
| PE ⓘ | 68.13 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 636.50 / 1166.70 |
| All Time Low / High (₹) | 636.50 / 1166.70 |
| Market Cap (₹ Cr.) | 1,773 |
| Equity (₹ Cr.) | 18 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 62.6 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Sales | 100 | 125 | 176 | 168 | 112 | 147 | 207 | 285 |
| Operating Expenses ⓘ | 90 | 116 | 162 | 161 | 101 | 136 | 193 | 251 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 |
| Material Costs | 74 | 95 | 133 | 134 | 77 | 107 | 165 | 207 |
| Employee Cost | 6 | 9 | 13 | 14 | 12 | 15 | 15 | 21 |
| Other Costs ⓘ | 10 | 12 | 16 | 13 | 12 | 12 | 12 | 20 |
| Operating Profit ⓘ | 10 | 9 | 13 | 7 | 10 | 11 | 14 | 34 |
| Operating Profit Margin (%) | 9.7% | 6.8% | 7.6% | 4.2% | 9.4% | 7.5% | 6.8% | 11.9% |
| Other Income ⓘ | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 10 |
| Interest ⓘ | 2 | 2 | 4 | 5 | 6 | 8 | 8 | 9 |
| Depreciation ⓘ | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 7 | 6 | 9 | 2 | 5 | 4 | 9 | 34 |
| Tax ⓘ | 0 | 2 | 2 | 0 | 1 | 1 | 2 | 8 |
| Profit After Tax | 7 | 5 | 7 | 2 | 4 | 3 | 7 | 26 |
| PAT Margin (%) | 6.7% | 4.0% | 4.0% | 1.5% | 3.9% | 2.3% | 3.3% | 9.1% |
| Adjusted EPS (₹) | 6.7 | 1.6 | 4.6 | 1.6 | 2.9 | 2.3 | 4.4 | 17.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 31% | 0% | 11% | 6% | 3% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 30 | 38 | 45 | 47 | 49 | 52 | 59 | 84 | ||
| Share Capital ⓘ | 5 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | ||
| Reserves ⓘ | 25 | 23 | 30 | 32 | 34 | 37 | 43 | 69 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 15 | 31 | 33 | 29 | 36 | 46 | 59 | 77 | ||
| Long Term Debt | 0 | 0 | 0 | 1 | 36 | 46 | 44 | 53 | ||
| Short Term Debt | 15 | 31 | 33 | 28 | 0 | 0 | 15 | 24 | ||
| Trade Payables | 12 | 45 | 35 | 52 | 28 | 34 | 34 | 31 | ||
| Others Liabilities ⓘ | 11 | 19 | 25 | 25 | 32 | 44 | 46 | 48 | ||
| Total Liabilities ⓘ | 69 | 133 | 138 | 152 | 145 | 176 | 198 | 240 | ||
Fixed Assets | ||||||||||
| Gross Block | 11 | 23 | 26 | 26 | 27 | 28 | 32 | 32 | ||
| Accumulated Depreciation | 4 | 5 | 7 | 8 | 10 | 12 | 13 | 12 | ||
| Net Fixed Assetsⓘ | 8 | 19 | 19 | 18 | 17 | 16 | 19 | 20 | ||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Investmentsⓘ | 0 | 0 | 4 | 9 | 10 | 12 | 18 | 8 | ||
| Inventories | 3 | 20 | 24 | 30 | 20 | 28 | 37 | 36 | ||
| Trade Receivables | 38 | 59 | 61 | 63 | 58 | 57 | 58 | 74 | ||
| Cash Equivalents | 14 | 29 | 22 | 23 | 8 | 2 | 0 | 0 | ||
| Others Assetsⓘ | 5 | 6 | 8 | 9 | 31 | 60 | 66 | 102 | ||
| Total Assets ⓘ | 69 | 133 | 138 | 152 | 145 | 176 | 198 | 240 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12 | 17 | 3 | 12 | 14 | 7 | 15 | -15 |
| PBT ⓘ | 7 | 6 | 9 | 2 | 5 | 4 | 9 | 34 |
| Adjustment ⓘ | 1 | 1 | 2 | 6 | 7 | 7 | 7 | 1 |
| Changes in Working Capital ⓘ | 3 | 9 | -10 | 4 | 2 | -4 | 1 | -42 |
| Tax Paid ⓘ | -1 | -2 | -2 | 0 | -1 | -1 | -2 | -8 |
| Cash Flow From Investing Activity ⓘ | -5 | -12 | -6 | -5 | -1 | -19 | -5 | 6 |
| Capex | 0 | -12 | -2 | -1 | 0 | -1 | -4 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | -1 | -2 | -5 | 17 |
| Others ⓘ | -5 | 0 | -3 | -4 | 1 | -15 | 3 | -9 |
| Cash Flow From Financing Activityⓘ | -2 | 10 | -4 | -6 | -5 | 6 | -12 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 12 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 1 | 10 | -2 | 9 |
| Interest Paid ⓘ | -2 | -2 | -4 | -5 | -6 | -8 | -8 | -9 |
| Dividend Paid ⓘ | 0 | -1 | 0 | -1 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 4 | -1 | 9 |
| Net Cash Flow ⓘ | 5 | 15 | -7 | 1 | 8 | -6 | -2 | 0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.89 | 14.6 | 16.85 | 5.39 | 9.1 | 6.79 | 12.16 | 36.41 | ||
| ROCE (%) | 20.11 | 14.59 | 17.94 | 9.85 | 12.95 | 11.22 | 14.64 | 30.93 | ||
| Asset Turnover Ratio | 1.45 | 1.24 | 1.29 | 1.16 | 0.75 | 0.92 | 1.13 | 1.3 | ||
| PAT to CFO Conversion(x) | 1.71 | 3.4 | 0.43 | 6 | 3.5 | 2.33 | 2.14 | -0.58 | Working Capital Days | |
| Receivable Days | 141 | 143 | 125 | 135 | 198 | 143 | 121 | 84 | ||
| Inventory Days | 10 | 34 | 46 | 59 | 83 | 60 | 57 | 47 | ||
| Payable Days | 58 | 109 | 110 | 118 | 188 | 105 | 68 | 58 | ||
The company was originally formed as a partnership firm in the name and style of ‘Rajesh Traders’ pursuant to a deed of partnership dated May 5, 1971 Registration certificate issued by Registrar of Firms, Ahmedabad under the provisions of the Indian Partnership Act, 1932. Subsequently, the company’s partnership firm was converted to Private limited Company ‘Rajesh Power Services Private Limited’ on February 10, 2010 under the provisions of companies act, 1956 with the registrar of companies, Ahmedabad then the company was converted from Rajesh Power Services Private Limited to Rajesh Power Services Limited and fresh certificate of incorporation was issued on June 26, 2024 by the Registrar of Companies, Ahmedabad.
Rajesh Power Services (RPSL) is amongst the largest players in the country, firmly established in the underground power transmission and infrastructure EPC space. The company has proven experience and expertise in executing large-scale projects with notable capabilities that deliver end-to-end solutions covering design, consultancy, procurement, project execution, & testing and commissioning projects on a turnkey basis. It is also a leading power utility service provider in the area of operations and maintenance services, utility services like cable testing and fault location for its utility as well as private clients. With strengthened resident talent and expertise in HV/EHV transmission and distribution system, it is currently providing consultancy and turnkey project execution services to state transmission and distribution companies.
Business area of the company
The company offers services to Renewable and Non-Renewable segment of Power sector. In Renewable power sector, the company offer technical services to setup solar power plant and also work on Turkey bases to build operate and maintain solar power plant. Further in Non-Renewable power sector, RPSL offers services which includes implementation of Turnkey projects for laying Extra High Voltage cables & transmission lines, setting up Extra High Voltage (EHV) substation, Design and implication of underground power distribution system. Rajesh power also offers Operations and Maintenance which includes operating and maintaining solar plants and EHV substations. Further, the company is also engaged into providing Utility Services to power plants and power transmission companies, services include cable fault location and rectification, Replacement and retrofitting of transformers and switch gears. Rajesh Power also provides services Consultancy Services with regard to designing of power substations and cable system. The clients include Government and private companies which are into Power generation, transmission and distribution of power.
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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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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