BSE: 538921 | NSE: | Agriculture | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Raghuvansh Agrofarms Ltd is a below average quality company.
The key valuation ratios of Raghuvansh Agrofarms Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Raghuvansh Agrofarms 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.5% | 2.9% | 16.4% | 15.9% | 17.8% | 16.4% | 11.2% | 11.3% | 11.2% | 11.1% | - |
| Value Creation Index ⓘ | -0.9 | -0.8 | 0.2 | 0.1 | 0.3 | 0.2 | -0.2 | -0.2 | -0.2 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1.8 | 2 | 7.4 | 23.3 | 422 | 15.8 | 5.5 | 11.3 | 6.7 | 9.4 | 9 |
| Sales YoY Gr. | - | 14% | 264.2% | 213.2% | 1,714.2% | -96.3% | -65.5% | 105.7% | -40.1% | 40.1% | - |
| Adj EPS ⓘ | 0.3 | 0.5 | 3.1 | 3.2 | 3.8 | 5.1 | 3.2 | 3.8 | 3.9 | 4.7 | 4.7 |
| YoY Gr. | - | 50% | 577.8% | 5.3% | 17.8% | 33.9% | -36.4% | 19.3% | 0.3% | 21.8% | - |
| BVPS (₹) ⓘ | 17.7 | 18.2 | 21.2 | 24.4 | 28.2 | 33.3 | 36.5 | 40.2 | 44.3 | 49.2 | 49.2 |
| Adj Net Profit ⓘ | 0.4 | 0.5 | 3.6 | 3.8 | 4.5 | 6 | 3.8 | 4.6 | 4.6 | 5.6 | 6 |
| Cash Flow from Ops. ⓘ | 1.3 | -0.8 | -1.3 | -2.8 | -0.6 | 0.1 | 1.2 | 0.2 | 8.1 | -11.7 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | -0.1 | -0.2 | 3.3 | 0.1 | 0 | 0.2 | -0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 20.3% | -53.2% | 20% | 40.1% | ||||
| Adj EPS ⓘ | 35.7% | 4.4% | 13.4% | 21.8% | ||||
| BVPSⓘ | 12% | 11.7% | 10.4% | 11% | ||||
| Share Price | - | -11.6% | -24.5% | -76.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.9 | 2.5 | 15.5 | 14.1 | 14.4 | 16.5 | 9.2 | 10 | 9.1 | 10 | 9.5 |
| Op. Profit Mgn % ⓘ | 24 | 35.8 | 58.2 | 19 | 1.5 | 35.1 | 56.9 | 21.8 | 42.7 | 31.2 | NAN |
| Net Profit Mgn % ⓘ | 20 | 26.4 | 48.9 | 16.5 | 1.1 | 38.1 | 70.2 | 40.7 | 68 | 59.2 | 59.2 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | - |
| Working Cap Days ⓘ | 1,336 | 1,339 | 520 | 324 | 50 | 1,322 | 1,975 | 1,130 | 1,968 | 1,706 | 0 |
| Cash Conv. Cycle ⓘ | 71 | 118 | 123 | 153 | 13 | -872 | 73 | 124 | 194 | 40 | 0 |
Sales growth is growing at healthy rate in last 3 years 19.95%
Net Profit is growing at healthy rate in last 3 years 13.35%
Return on Equity has declined versus last 3 years average to 9.50%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | 5.5 |
| TTM Sales (₹ Cr.) | 9.4 | 14 |
| BVPS (₹.) ⓘ | 49.2 | 58.4 |
| Reserves (₹ Cr.) ⓘ | 47 | 58 |
| P/BV ⓘ | 2.18 | 1.84 |
| PE ⓘ | 22.92 | 19.63 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 88.25 / 486.80 |
| All Time Low / High (₹) | 11.55 / 609.00 |
| Market Cap (₹ Cr.) | 128 |
| Equity (₹ Cr.) | 11.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 42.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39.76 | 39.76 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 2 | 7 | 23 | 422 | 16 | 5 | 11 | 7 | 9 |
| Operating Expenses ⓘ | 1 | 1 | 3 | 19 | 416 | 10 | 2 | 9 | 4 | 6 |
| Manufacturing Costs | 0 | 0 | 0 | 1 | 6 | 1 | 1 | 1 | 1 | 1 |
| Material Costs | 0 | 1 | 2 | 17 | 409 | 8 | 1 | 7 | 2 | 5 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Costs ⓘ | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Operating Profit ⓘ | 0 | 1 | 4 | 4 | 6 | 6 | 3 | 2 | 3 | 3 |
| Operating Profit Margin (%) | 24.0% | 35.8% | 58.2% | 19.0% | 1.4% | 35.0% | 56.9% | 21.7% | 42.7% | 31.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 5 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 4 | 4 | 6 | 6 | 5 | 5 | 6 | 6 |
| Tax ⓘ | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit After Tax | 0 | 1 | 4 | 4 | 5 | 6 | 4 | 5 | 5 | 6 |
| PAT Margin (%) | 20.0% | 26.4% | 49.1% | 16.5% | 1.1% | 38.1% | 70.3% | 40.7% | 72.0% | 59.2% |
| Adjusted EPS (₹) | 0.3 | 0.5 | 3.1 | 3.2 | 3.8 | 5.1 | 3.2 | 3.8 | 4.1 | 4.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 21 | 22 | 25 | 29 | 34 | 40 | 44 | 48 | 53 | 59 |
| Share Capital ⓘ | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves ⓘ | 9 | 10 | 13 | 17 | 22 | 28 | 32 | 36 | 41 | 47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 10 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 8 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Trade Payables | 0 | 0 | 0 | 13 | 64 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 3 | 1 | 1 |
| Total Liabilities ⓘ | 21 | 22 | 26 | 43 | 100 | 40 | 44 | 51 | 55 | 69 |
Fixed Assets | ||||||||||
| Gross Block | 3 | 4 | 6 | 7 | 7 | 8 | 9 | 9 | 10 | 9 |
| Accumulated Depreciation | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 4 | 4 | 5 |
| Net Fixed Assetsⓘ | 3 | 3 | 5 | 6 | 5 | 5 | 5 | 5 | 6 | 4 |
| CWIP ⓘ | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 8 | 8 | 7 | 8 | 8 | 7 | 7 | 7 | 7 | 7 |
| Inventories | 0 | 0 | 1 | 15 | 4 | 1 | 2 | 1 | 0 | 1 |
| Trade Receivables | 0 | 1 | 3 | 10 | 81 | 0 | 0 | 5 | 1 | 0 |
| Cash Equivalents | 2 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 7 | 4 |
| Others Assetsⓘ | 6 | 8 | 8 | 4 | 1 | 27 | 29 | 33 | 33 | 53 |
| Total Assets ⓘ | 21 | 22 | 26 | 43 | 100 | 40 | 44 | 51 | 55 | 69 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | -1 | -1 | -3 | -1 | 0 | 1 | 0 | 8 | -12 |
| PBT ⓘ | 0 | 1 | 4 | 4 | 6 | 6 | 5 | 5 | 6 | 6 |
| Adjustment ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Changes in Working Capital ⓘ | 1 | -1 | -6 | -7 | -6 | -7 | -3 | -5 | 3 | -18 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | -1 | 0 | -1 | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | 1 | 3 | 0 | 0 | -1 | 0 | -2 | 2 |
| Capex | -3 | -1 | -1 | -1 | 0 | -1 | -1 | 0 | -2 | 1 |
| Net Investments | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | -1 | 2 | 4 | 0 | 0 | 0 | 0 | -1 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | -2 | 0 | 1 | -1 | 0 | 0 | 0 | 7 | -4 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.89 | 2.52 | 15.56 | 14.1 | 14.36 | 16.47 | 9.24 | 10.02 | 9.63 | 10.03 |
| ROCE (%) | 1.48 | 2.86 | 16.41 | 15.93 | 17.83 | 16.43 | 11.19 | 11.34 | 11.21 | 11.11 |
| Asset Turnover Ratio | 0.09 | 0.1 | 0.31 | 0.68 | 5.92 | 0.23 | 0.13 | 0.24 | 0.13 | 0.15 |
| PAT to CFO Conversion(x) | N/A | -1 | -0.25 | -0.75 | -0.2 | 0 | 0.25 | 0 | 1.6 | -2 | Working Capital Days |
| Receivable Days | 42 | 86 | 89 | 103 | 40 | 939 | 16 | 92 | 170 | 18 |
| Inventory Days | 58 | 43 | 36 | 125 | 8 | 56 | 81 | 36 | 26 | 22 |
| Payable Days | 25 | 18 | 3 | 139 | 34 | 1,532 | 82 | 4 | 4 | 0 |
Raghuvansh Agrofarms was originally incorporated on December 19, 1996, as ‘Raghuvansh Agrofarms Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, U.P., Kanpur and obtained the certificate for commencement of business on January 02, 1997. The Corporate Identification Number of the company is U40300DL1996PLC258176. Since its inception, the company is engaged in agriculture operations.
Recently, the company has ventured into the field of renewable energy. The company has been successfully running a Bio Gas Power Plant on pilot basis at its Kapli Farms. The said plant has been operational for a period of more than 1 year. Apart from that, the company is in process of commissioning a 1000 M3 capacity Bio Gas Plant for Power Generation at the factory premises of its subsidiary, M/s Sanjeevani Fertilizers and Chemicals Private Limited and has entered into Memorandum of Understanding dated September 23, 2014.
The company is also planning to set up a 3 MCi commercial radiation processing facility for approved low and medium dose items such wheat, atta, Soya bean and spices such as Coriander, Chilies etc. in Pitampura Industrial Area on Agra- Mumbai, Road, Indore, Madhya Pradesh and has entered into a Memorandum of Understanding (MOU) dated August 23, 2014 with President of India acting through and represented by Board of Radiation and Isotope Technology (BRIT).
Business area of the company
The company is broadly engaged in cultivation of organic vegetables, organic grains and cereals. The company has an integrated facility for cultivation, processing and distribution of agricultural produce. Apart from the above, the company is also engaged in dairy farming and production and distribution of dairy products.
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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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