BSE: 0 | NSE: RCDL | Agriculture | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rajgor Castor Derivatives Ltd is a below average quality company.
The key valuation ratios of Rajgor Castor Derivatives Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rajgor Castor Derivatives 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.9% | 4.3% | -0.9% | 11.5% | 23.1% | 19.9% | - |
| Value Creation Index ⓘ | -0.5 | -0.7 | -1.1 | -0.2 | 0.7 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 113 | 14 | 9.8 | 39.7 | 429 | 565 | 565 |
| Sales YoY Gr. | - | -87.6% | -30.3% | 306.9% | 980.9% | 31.7% | - |
| Adj EPS ⓘ | 4.4 | -11.7 | -21.5 | 6.3 | 3.7 | 4.1 | 4.1 |
| YoY Gr. | - | -368.6% | NA | NA | -41.9% | 10.9% | - |
| BVPS (₹) ⓘ | 52.9 | 40 | 18.2 | 24.5 | 15.8 | 31 | 31 |
| Adj Net Profit ⓘ | 0.4 | -1 | -1.8 | 0.5 | 5.5 | 9.8 | 10 |
| Cash Flow from Ops. ⓘ | 2.1 | 2.2 | -0.9 | 7.3 | -40.2 | -34.5 | - |
| Debt/CF from Ops. ⓘ | 9.1 | 9 | -25.7 | 2.5 | -1.1 | -1.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 38.1% | 286.9% | 31.7% | ||||
| Adj EPS ⓘ | NA | -1.3% | NA | 10.9% | ||||
| BVPSⓘ | NA | -10.1% | 19.6% | 97% | ||||
| Share Price | - | - | - | -58.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.3 | -25.2 | -73.9 | 29.7 | 43.1 | 19.9 | 13.2 |
| Op. Profit Mgn % ⓘ | 2 | 9.7 | -0.9 | 6.8 | 2.7 | 3.6 | NAN |
| Net Profit Mgn % ⓘ | 0.3 | -6.9 | -18.2 | 1.3 | 1.3 | 1.7 | 1.7 |
| Debt to Equity ⓘ | 4.4 | 6.1 | 15.3 | 9 | 1.9 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 103 | 119 | 83 | 31 | 72 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 7 | 17 | 58 | 17 | 35 | 0 |
Sales growth is growing at healthy rate in last 3 years 286.94%
Debt to equity has declined versus last 3 years average to 0.64
Return on Equity has declined versus last 3 years average to 13.20%
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 (₹) | 4.1 | - |
| TTM Sales (₹ Cr.) | 565 | - |
| BVPS (₹.) ⓘ | 31 | - |
| Reserves (₹ Cr.) ⓘ | 50 | - |
| P/BV ⓘ | 0.73 | - |
| PE ⓘ | 5.57 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 54.5 |
| Equity (₹ Cr.) | 23.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 44.6 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 112.67 | 13.99 | 9.75 | 39.67 | 428.78 | 564.84 |
| Operating Expenses ⓘ | 110.38 | 12.63 | 9.87 | 36.98 | 417.27 | 544.65 |
| Manufacturing Costs | 1.53 | 0 | 0 | 0 | 5.51 | 9.15 |
| Material Costs | 106.52 | 12.50 | 9.66 | 36.81 | 405.25 | 528.84 |
| Employee Cost | 0.67 | 0 | 0.11 | 0.08 | 1.36 | 1.78 |
| Other Costs ⓘ | 1.66 | 0.13 | 0.11 | 0.09 | 5.14 | 4.88 |
| Operating Profit ⓘ | 2.30 | 1.36 | -0.12 | 2.69 | 11.52 | 20.19 |
| Operating Profit Margin (%) | 2.0% | 9.7% | -1.3% | 6.8% | 2.7% | 3.6% |
| Other Income ⓘ | 0 | 0.98 | 1.26 | 1.24 | 0.10 | 0.15 |
| Interest ⓘ | 1.14 | 2.37 | 2.31 | 2.24 | 1.55 | 5.26 |
| Depreciation ⓘ | 0.66 | 1.34 | 1.35 | 1.37 | 1.40 | 1.43 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.50 | -1.36 | -2.52 | 0.32 | 8.66 | 13.64 |
| Tax ⓘ | 0.14 | -0.39 | -0.72 | -0.20 | 3.11 | 3.86 |
| Profit After Tax | 0.36 | -0.97 | -1.80 | 0.52 | 5.54 | 9.78 |
| PAT Margin (%) | 0.3% | -6.9% | -18.5% | 1.3% | 1.3% | 1.7% |
| Adjusted EPS (₹) | 4.4 | -11.8 | -21.9 | 6.3 | 3.7 | 4.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 2% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4.36 | 3.30 | 1.50 | 2.02 | 23.66 | 74.22 | ||||
| Share Capital ⓘ | 0.12 | 0.12 | 0.12 | 0.12 | 2.15 | 23.92 | ||||
| Reserves ⓘ | 4.24 | 3.18 | 1.38 | 1.90 | 21.51 | 50.30 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 18.18 | 18.89 | 20.66 | 15.54 | 42.59 | 45.36 | ||||
| Long Term Debt | 18.18 | 9.44 | 8.93 | 6.20 | 4.34 | 2.25 | ||||
| Short Term Debt | 0 | 9.46 | 11.74 | 9.33 | 38.25 | 43.10 | ||||
| Trade Payables | 0.25 | 0 | 0.10 | 0.90 | 5.35 | 42.22 | ||||
| Others Liabilities ⓘ | 4.13 | 4.15 | 2.69 | 18.04 | 6.23 | 26.02 | ||||
| Total Liabilities ⓘ | 26.93 | 26.34 | 24.95 | 36.50 | 77.83 | 187.82 | ||||
Fixed Assets | ||||||||||
| Gross Block | 17.83 | 24.35 | 24.77 | 24.92 | 25.95 | 28.84 | ||||
| Accumulated Depreciation | 0.66 | 2 | 3.35 | 4.72 | 6.12 | 7.55 | ||||
| Net Fixed Assetsⓘ | 17.17 | 22.35 | 21.43 | 20.20 | 19.83 | 21.29 | ||||
| CWIP ⓘ | 4.20 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 1.21 | 0.30 | 0.30 | 0.30 | 0.43 | 1.18 | ||||
| Inventories | 0 | 0.10 | 0.20 | 12.99 | 19.29 | 24.39 | ||||
| Trade Receivables | 0.02 | 0.65 | 0.04 | 0.18 | 14.32 | 99.17 | ||||
| Cash Equivalents | 0.04 | 0.13 | 0.45 | 0.69 | 0.36 | 0.83 | ||||
| Others Assetsⓘ | 4.28 | 2.80 | 2.54 | 2.14 | 23.60 | 40.97 | ||||
| Total Assets ⓘ | 26.93 | 26.34 | 24.95 | 36.50 | 77.83 | 187.82 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.12 | 2.24 | -0.89 | 7.34 | -40.21 | -34.45 |
| PBT ⓘ | 0.50 | -1.36 | -2.52 | 0.32 | 7.07 | 12.31 |
| Adjustment ⓘ | 1.80 | 3.38 | 3.68 | 3.61 | 5.52 | 6.69 |
| Changes in Working Capital ⓘ | -0.12 | 0.54 | -2.06 | 3.41 | -52.75 | -51.92 |
| Tax Paid ⓘ | -0.06 | -0.32 | 0 | 0 | -0.05 | -1.53 |
| Cash Flow From Investing Activity ⓘ | -23.25 | -0.71 | -0.47 | -0.10 | -1.07 | -3.66 |
| Capex | -22.03 | -1.03 | -0.47 | -0.15 | -1.01 | -2.90 |
| Net Investments | -1.21 | 0 | 0 | 0 | -0.13 | -0.87 |
| Others ⓘ | 0 | 0.32 | 0 | 0.05 | 0.07 | 0.10 |
| Cash Flow From Financing Activityⓘ | 21.17 | -1.43 | 1.67 | -7 | 40.96 | 38.45 |
| Net Proceeds from Shares ⓘ | 4 | 0 | 0 | 0 | 16.09 | 40.78 |
| Net Proceeds from Borrowing ⓘ | 18.18 | -1.06 | 0 | 0 | 26.41 | 2.93 |
| Interest Paid ⓘ | -1.02 | -2.37 | -2.30 | -2.23 | -1.55 | -5.26 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 2 | 3.97 | -4.77 | 0 | 0 |
| Net Cash Flow ⓘ | 0.04 | 0.10 | 0.31 | 0.24 | -0.32 | 0.35 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.25 | -25.34 | -75.14 | 29.69 | 43.19 | 19.99 | ||||
| ROCE (%) | 6.92 | 4.25 | -0.9 | 11.52 | 23.12 | 19.91 | ||||
| Asset Turnover Ratio | 4.18 | 0.53 | 0.38 | 1.29 | 7.5 | 4.25 | ||||
| PAT to CFO Conversion(x) | 5.89 | N/A | N/A | 14.12 | -7.26 | -3.52 | Working Capital Days | |||
| Receivable Days | 0 | 9 | 13 | 1 | 6 | 37 | ||||
| Inventory Days | 0 | 3 | 6 | 61 | 14 | 14 | ||||
| Payable Days | 1 | 4 | 2 | 5 | 3 | 16 | ||||
Rajgor Castor Derivatives was originally incorporated as ‘Hindprakash Castor Derivatives Private Limited’ as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated June 13, 2018, issued by the Registrar of Companies, Central Registration Centre. Subsequently, the name of the company was changed from ‘Hindprakash Castor Derivatives Private Limited’ to ‘Ardent Castor Derivatives Private Limited’, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on January 17, 2022, vide Certificate of Incorporation dated January 20, 2022, issued by the Registrar of Companies, Ahmedabad. Later on, the name of the company was changed from ‘Ardent Castor Derivatives Private Limited’ to ‘Rajgor Castor Derivatives Private Limited’, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on February 2, 2022, vide Certificate of Incorporation dated February 15, 2022 issued by the Registrar of Companies, Ahmedabad. Further, the company was converted from a private limited company to public limited company, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on June 21, 2022 and consequently, the name of the company was changed to ‘Rajgor Castor Derivatives Limited’ and a fresh certificate of incorporation dated July 5, 2022 was issued to the company by the Registrar of Companies, Ahmedabad.
The company is engaged in activity of manufacturing/dealing/trading of Castor Seeds, Castor derivative products, other merchandise etc. and leasing activity. The company has commenced manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market. It is currently operating on a B2B business Model and offers its customers Castor Oil and its derivatives. As it is currently operating under a B2B business Model, it focuses on operations relating to quality control, inventory management and business development. Being a customer centric company, its prime focus is to attain the utmost client satisfaction by offering them quality products. The company strives at all times is to provide products that offers its customers the designs with desired finish and quality. Moreover, its ethical trade practices, transparent business dealings and timely delivery of products help it in maintaining cordial relations with its customers.
It has its testing laboratories within the premises of manufacturing units. Its manufacturing facility has fully equipped quality control department with experienced staff to facilitate smooth manufacturing process. It has in-house testing laboratory and necessary infrastructure to test its raw materials and finished products to match the quality standards and as specified by the relevant customers. All the products are being manufactured strictly as per quality norms using the expertise of its experienced team to provide quality output to its customers at competitive prices. The company has marked its presence in domestic markets. It supplies its products in states such as Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand.
Business area of the company
The company is engaged in activity of manufacturing/dealing/trading of Castor Seeds, Castor derivative products, other merchandise etc. and leasing activity.
Products of the company
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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