BSE: 543744 | NSE: | Rubber Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rex Sealing and Packing Industries Ltd is a below average quality company.
The key valuation ratios of Rex Sealing and Packing Industries 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 Rex Sealing and Packing Industries 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 18.2% | 9% | 7.5% | 8% | 25% | - |
| Value Creation Index ⓘ | 0.3 | -0.4 | -0.5 | -0.4 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 20.1 | 17.1 | 21.1 | 25.1 | 30.6 | 31 |
| Sales YoY Gr. | - | -14.6% | 23% | 19.1% | 21.9% | - |
| Adj EPS ⓘ | 5.8 | 1.7 | 0.2 | 1.1 | 11 | 9.5 |
| YoY Gr. | - | -70.5% | -87.1% | 400% | 899.1% | - |
| BVPS (₹) ⓘ | 38.2 | 40.1 | 7.1 | 56.5 | 67.6 | 59.5 |
| Adj Net Profit ⓘ | 1.1 | 0.3 | 0.3 | 0.2 | 2.4 | 2 |
| Cash Flow from Ops. ⓘ | 2.6 | 1.6 | -0.4 | -1.1 | -0.3 | - |
| Debt/CF from Ops. ⓘ | 1.7 | 2.1 | -8.7 | -1 | -7.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 21.3% | 21.9% | ||||
| Adj EPS ⓘ | NA | NA | 86.3% | 899.1% | ||||
| BVPSⓘ | NA | NA | 19% | 19.6% | ||||
| Share Price | - | - | - | 116% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.1 | 4.3 | 3.2 | 2.4 | 17.7 | 14.9 |
| Op. Profit Mgn % ⓘ | 12.4 | 7.6 | 5.4 | 4.3 | 14.1 | NAN |
| Net Profit Mgn % ⓘ | 5.5 | 1.9 | 1.2 | 1 | 8 | 8 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.5 | 0.1 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 233 | 200 | 198 | 200 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 154 | 131 | 117 | 120 | 0 |
Return on Equity has increased versus last 3 years average to 14.90%
Sales growth is growing at healthy rate in last 3 years 21.33%
Net Profit is growing at healthy rate in last 3 years 86.29%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.5 | - |
| TTM Sales (₹ Cr.) | 30.6 | - |
| BVPS (₹.) ⓘ | 59.5 | - |
| Reserves (₹ Cr.) ⓘ | 13 | - |
| P/BV ⓘ | 4.40 | - |
| PE ⓘ | 27.56 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 84.60 / 276.80 |
| All Time Low / High (₹) | 84.60 / 276.80 |
| Market Cap (₹ Cr.) | 67.6 |
| Equity (₹ Cr.) | 2.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 34.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 20.06 | 17.14 | 21.08 | 25.11 | 30.61 |
| Operating Expenses ⓘ | 17.57 | 15.85 | 19.95 | 24.03 | 26.30 |
| Manufacturing Costs | 1.88 | 1.53 | 1.38 | 1.79 | 2.08 |
| Material Costs | 12.01 | 10.32 | 13.54 | 17.04 | 19.05 |
| Employee Cost | 1.42 | 1.15 | 3.36 | 3.85 | 3.92 |
| Other Costs ⓘ | 2.26 | 2.85 | 1.67 | 1.35 | 1.25 |
| Operating Profit ⓘ | 2.49 | 1.30 | 1.13 | 1.08 | 4.31 |
| Operating Profit Margin (%) | 12.4% | 7.6% | 5.3% | 4.3% | 14.1% |
| Other Income ⓘ | 0.12 | 0.12 | 0.08 | 0.35 | 0.06 |
| Interest ⓘ | 0.59 | 0.49 | 0.38 | 0.50 | 0.32 |
| Depreciation ⓘ | 0.48 | 0.39 | 0.34 | 0.41 | 0.50 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.54 | 0.53 | 0.49 | 0.53 | 3.55 |
| Tax ⓘ | 0.41 | 0.16 | 0.20 | 0.21 | 1.10 |
| Profit After Tax | 1.13 | 0.37 | 0.29 | 0.32 | 2.45 |
| PAT Margin (%) | 5.6% | 2.1% | 1.4% | 1.3% | 8.0% |
| Adjusted EPS (₹) | 5.9 | 1.9 | 0.3 | 1.4 | 11.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 7.33 | 7.70 | 8.18 | 12.55 | 15 | |||||
| Share Capital ⓘ | 0.32 | 0.32 | 1.92 | 2.22 | 2.22 | |||||
| Reserves ⓘ | 7.01 | 7.38 | 6.26 | 10.33 | 12.78 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 4.19 | 3.24 | 3.73 | 1.11 | 2.42 | |||||
| Long Term Debt | 0.20 | 0.05 | 0 | 0.87 | 2.41 | |||||
| Short Term Debt | 4 | 3.19 | 3.73 | 0.24 | 0.01 | |||||
| Trade Payables | 1.46 | 1.46 | 1.95 | 2.98 | 1.49 | |||||
| Others Liabilities ⓘ | 0.35 | 0.53 | 0.23 | 0.78 | 2.21 | |||||
| Total Liabilities ⓘ | 13.33 | 12.92 | 14.09 | 17.42 | 21.12 | |||||
Fixed Assets | ||||||||||
| Gross Block | 6.66 | 6.82 | 5.95 | 6.89 | 8.30 | |||||
| Accumulated Depreciation | 4.61 | 4.97 | 4.14 | 4.55 | 5.91 | |||||
| Net Fixed Assetsⓘ | 2.06 | 1.85 | 1.81 | 2.33 | 2.38 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0.03 | |||||
| Inventories | 4.63 | 5.09 | 5.57 | 6.32 | 6.71 | |||||
| Trade Receivables | 4.50 | 3.52 | 4.72 | 4.67 | 7.86 | |||||
| Cash Equivalents | 0.22 | 0.22 | 0.05 | 0.07 | 0.15 | |||||
| Others Assetsⓘ | 1.93 | 2.25 | 1.93 | 4.03 | 3.99 | |||||
| Total Assets ⓘ | 13.33 | 12.92 | 14.09 | 17.42 | 21.12 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.62 | 1.61 | -0.44 | -1.12 | -0.34 |
| PBT ⓘ | 1.54 | 0.53 | 0.49 | 0.53 | 3.58 |
| Adjustment ⓘ | 1.02 | 0.87 | 0.60 | 0.88 | 0.82 |
| Changes in Working Capital ⓘ | 0.62 | 0.59 | -1.25 | -2.14 | -3.89 |
| Tax Paid ⓘ | -0.56 | -0.38 | -0.28 | -0.38 | -0.85 |
| Cash Flow From Investing Activity ⓘ | -0.19 | -0.15 | -0.13 | 0.24 | -0.89 |
| Capex | -0.17 | -0.19 | -0.63 | -0.93 | -0.58 |
| Net Investments | -0.03 | 0.02 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0.01 | 0.50 | 1.18 | -0.31 |
| Cash Flow From Financing Activityⓘ | -2.42 | -1.45 | 0.40 | 0.89 | 1.31 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 4.05 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -0.05 | 0.87 | -0.23 |
| Interest Paid ⓘ | -0.56 | -0.46 | 0 | -0.49 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.86 | -0.98 | 0.45 | -3.54 | 1.54 |
| Net Cash Flow ⓘ | 0.01 | 0.02 | -0.16 | 0.02 | 0.08 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.46 | 4.9 | 3.7 | 3.04 | 17.81 | |||||
| ROCE (%) | 18.19 | 8.99 | 7.54 | 8 | 24.95 | |||||
| Asset Turnover Ratio | 1.5 | 1.31 | 1.56 | 1.59 | 1.59 | |||||
| PAT to CFO Conversion(x) | 2.32 | 4.35 | -1.52 | -3.5 | -0.14 | Working Capital Days | ||||
| Receivable Days | 82 | 85 | 71 | 68 | 75 | |||||
| Inventory Days | 84 | 103 | 92 | 86 | 78 | |||||
| Payable Days | 44 | 52 | 46 | 53 | 43 | |||||
The company was incorporated as Rex Sealing and Packing Industries Private Limited on August 10, 2005 under the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra. The status of the Company was changed to Public limited and the name of the Company was changed to Rex Sealing and Packaging Industries Limited vide Special Resolution dated April 07, 2022. The fresh certificate of incorporation consequent to conversion was issued on August 01, 2022 by the Registrar of Companies, Mumbai, Maharashtra.
The company is a manufacturer and exporter of Sealing packing and Insulation products including Jointing Sheets, Fabric Expansion Joints, Gland packing & Ropes, High Temperature resistant textiles, Ceramic Fiber Product etc. Its business was initiated in the Year 1963 by its founding Promoter, Manjunath Nayak under the name Rex Industries for manufacturing of Gland Packing. Initially, the company started as a manufacturing business at a very small scale. Thereon, in the Year 1997, the business was further expanded by second generation of the family, Niranjan Nayak and later joined by Naresh Nayak in the Year 2001. Further, with a vision to corporatize its business and cater to the organized players in the markets, the company was incorporated in the Year 2005.
The company is an ISO 9001 & 14001 Certified company. It follows British Standard (BS), Deutsches Institut fur Normung (DIN) - German Standard, ASTM (American Standard), and American Standard Soc of Mechanical Engineers (ASME) quality standards for its range of products. The company’s diversified products include four major categories: Compressed Fibre Jointing Sheets / Gaskets; Gland Packing & Ropes; Fabric Expansion Joints; Technical and Heat Resistance Textiles; and Ceramic Fiber Product.
All its products are manufactured in-house at its manufacturing facilities located in Plot No.44, MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad, which enables it to have an effective control over the manufacturing process and to ensure consistent quality of its products. The company’s manufacturing unit is strategically located at Panvel providing it with strategic and operational advantages and has a well-equipped laboratory, modern technology and testing equipments with supporting environment and facilities, to ensure that the products conform to the pre-determined standards.
Business area of the company
The company is a quality driven, environment friendly modern, hi-tech enterprise specialized in manufacturing industrial sealing and packing products. Its fineness range of products is result of rigorous sculpture engineering using state-of-the-art technology and quality raw materials. Its most advanced machines and testing facilities make its product robust enough to work under the most severe conditions which not only thoroughly satisfy the requirements of its every single client but also prove to be economical.
Major Events / Milestone / Achievements
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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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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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