Is RACL Geartech a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that RACL Geartech Ltd is a average quality company .

Is RACL Geartech undervalued or overvalued?

The key valuation ratios of RACL Geartech Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is RACL Geartech share price return in the past 10 years?

RACL Geartech Ltd share price has appreciated 46.9% annually (CAGR) over the past ten years.

Is RACL Geartech a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RACL Geartech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

RACL Geartech Ltd - Stock Valuation and Financial Performance

Name: RACL Geartech
Brand: RACL Geartech

BSE: 520073 | NSE: | Auto Ancillary | Small Cap

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RACL Geartech Share Price

₹915.15 -13.05 -1.41%
as on 05-Nov'24 00:00

10 Year X-Ray of RACL Geartech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18.6%	17.9%	14.3%	12.9%	17.4%	18.7%	19.8%	17.8%	21.7%	18%	-
Value Creation Index ⓘ	0.3	0.3	0.0	-0.1	0.2	0.3	0.4	0.3	0.6	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	108	118	116	136	190	212	204	271	358	417	434
Sales YoY Gr.	-	9.5%	-1.5%	17.4%	39.5%	11.8%	-4.1%	33.2%	32.1%	16.5%	-
Adj EPS ⓘ	3.6	3.7	5.2	7.4	9.2	15.8	19.4	20.5	29.9	34.1	34.6
YoY Gr.	-	3.3%	38.6%	43.7%	24.4%	71.1%	22.8%	5.7%	45.5%	14.3%	-
BVPS (₹) ⓘ	28	31.3	47.8	55.1	64.7	79	100.1	121.9	155.3	190.4	196.2
Adj Net Profit ⓘ	3.6	3.7	5.1	7.4	9.5	17	20.9	22.1	32.2	36.8	37
Cash Flow from Ops. ⓘ	4.1	10.3	9.1	4.6	19.1	33.2	38.9	10.6	60.3	35.1	-
Debt/CF from Ops. ⓘ	8.9	2.9	5.9	14.5	4.5	2.7	2.8	15.4	3.4	8.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.3%	17.1%	27%	16.5%
Adj EPS ⓘ	28.4%	29.9%	20.7%	14.3%
BVPSⓘ	23.7%	24.1%	23.9%	22.6%
Share Price	46.9%	65.6%	18.8%	-34.4%

Key Financial Parameters ⓘ

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 % ⓘ	9.4	8.6	11.1	14.5	15.7	22.5	21.7	18.5	21.6	19.8	17.9
Op. Profit Mgn % ⓘ	14.7	12.6	12.9	13.2	16.2	19.4	25	21.1	22.8	23.1	22.1
Net Profit Mgn % ⓘ	3.3	3.1	4.4	5.4	5	8	10.3	8.2	9	8.8	8.6
Debt to Equity ⓘ	1.3	1	1.1	1.2	1.3	1	1	1.2	1.2	1.4	-
Working Cap Days ⓘ	147	130	157	196	180	190	228	204	198	220	103
Cash Conv. Cycle ⓘ	45	55	83	116	108	115	120	110	119	135	7

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.02%

Net Profit is growing at healthy rate in last 3 years 20.71%

Sales growth is good in last 4 quarters at 17.82%

Return on Equity has declined versus last 3 years average to 17.90%

Debt to equity has increased versus last 3 years average to 1.38

Latest Financials - RACL Geartech Ltd.

	Standalone	Consolidated
TTM EPS (₹)	34.6	32.3
TTM Sales (₹ Cr.)	434	430
BVPS (₹.) ⓘ	196.2	193.8
Reserves (₹ Cr.) ⓘ	201	198
P/BV ⓘ	4.76	4.81
PE ⓘ	26.98	28.91

From the Market
52 Week Low / High (₹)	869.70 / 1525.00
All Time Low / High (₹)	0.85 / 1525.00
Market Cap (₹ Cr.)	1,006
Equity (₹ Cr.)	10.8
Face Value (₹)	10
Industry PE ⓘ	53.8

Management X-Ray of RACL Geartech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of RACL Geartech

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of RACL Geartech

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	108	118	116	136	190	212	204	271	358	417
Operating Expenses ⓘ	92	103	101	118	159	171	153	214	277	321
Manufacturing Costs	31	34	35	41	60	64	55	80	106	132
Material Costs	40	44	42	48	64	68	61	90	110	122
Employee Cost	15	16	17	19	21	23	23	27	33	39
Other Costs ⓘ	6	8	7	10	15	16	14	18	29	27
Operating Profit ⓘ	16	15	15	18	31	41	51	57	82	96
Operating Profit Margin (%)	14.7%	12.6%	12.9%	13.2%	16.2%	19.4%	25.0%	21.1%	22.8%	23.0%
Other Income ⓘ	0	0	1	1	1	1	4	4	9	6
Interest ⓘ	7	6	5	6	6	8	8	12	21	24
Depreciation ⓘ	4	4	4	5	8	11	16	16	19	25
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	5	6	6	9	17	22	30	33	51	54
Tax ⓘ	1	2	1	1	8	5	7	9	14	14
Profit After Tax	4	4	5	8	10	17	23	24	37	40
PAT Margin (%)	3.3%	3.1%	4.4%	5.8%	5.1%	8.0%	11.5%	8.8%	10.5%	9.5%
Adjusted EPS (₹)	3.6	3.7	5.2	7.9	9.5	15.8	21.7	22.2	34.7	36.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	6%	5%	5%	4%	4%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	41	45	47	55	66	85	108	131	167	205
Share Capital ⓘ	10	10	10	10	10	11	11	11	11	11
Reserves ⓘ	31	35	38	45	56	74	97	121	157	194
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	29	24	54	60	75	74	87	134	164	233
Long Term Debt	9	8	10	19	31	31	52	71	85	105
Short Term Debt	19	16	44	41	44	44	35	63	79	127
Trade Payables	18	14	16	21	21	19	28	29	38	47
Others Liabilities ⓘ	24	25	14	22	36	49	55	64	82	110
Total Liabilities ⓘ	111	107	131	157	199	228	278	359	452	595
Fixed Assets
Gross Block	94	98	64	76	105	130	175	227	292	387
Accumulated Depreciation	34	36	1	5	10	20	34	48	64	83
Net Fixed Assetsⓘ	60	62	64	72	95	109	141	178	228	305
CWIP ⓘ	0	0	0	0	0	0	1	4	2	6
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	25	27	27	33	36	41	42	57	95	119
Trade Receivables	17	9	31	41	51	54	55	77	84	115
Cash Equivalents	1	1	3	1	1	1	1	10	3	1
Others Assetsⓘ	8	9	7	11	17	22	37	33	39	49
Total Assets ⓘ	111	107	131	157	199	228	278	359	452	595

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	4	10	9	5	19	33	39	11	60	35
PBT ⓘ	5	6	5	7	9	16	24	33	51	54
Adjustment ⓘ	11	10	9	10	14	21	24	28	39	48
Changes in Working Capital ⓘ	-4	2	-4	-12	-8	-9	-16	-43	-23	-52
Tax Paid ⓘ	-1	-2	0	-1	3	5	7	-8	-7	-15
Cash Flow From Investing Activity ⓘ	-2	-7	-5	-13	-31	-26	-49	-55	-76	-93
Capex	-2	-6	-5	-13	-31	-26	-49	-55	-60	-90
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	-1	0	0	0	0	0	0	-16	-3
Cash Flow From Financing Activityⓘ	-2	-3	-4	7	11	-7	10	44	18	55
Net Proceeds from Shares ⓘ	2	0	0	0	2	4	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	1	13	15	-1	0	0	0	0
Interest Paid ⓘ	0	0	-5	-6	-6	-8	-8	-12	-21	-24
Dividend Paid ⓘ	0	0	0	0	0	-1	-1	0	-1	-2
Others ⓘ	-4	-3	0	0	0	0	19	56	39	80
Net Cash Flow ⓘ	0	0	0	-1	0	0	0	0	2	-2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	14.29	12.56	13.08	15.41	16.13	22.4	24.22	20.01	25.06	21.36
ROCE (%)	18.61	17.88	14.33	12.91	17.39	18.66	19.82	17.76	21.65	18.02
Asset Turnover Ratio	1.04	1.15	1.04	0.96	1.07	1	0.81	0.85	0.88	0.8
PAT to CFO Conversion(x)	1	2.5	1.8	0.63	1.9	1.94	1.7	0.46	1.62	0.88
Working Capital Days
Receivable Days	52	37	58	94	88	90	98	89	82	87
Inventory Days	73	75	79	78	66	67	75	67	77	94
Payable Days	184	130	129	139	121	108	141	116	112	126

RACL Geartech Ltd Stock News

RACL Geartech Ltd FAQs

What is the share price of RACL Geartech?

Company share prices are keep on changing according to the market conditions. The closing price of RACL Geartech on 05-Nov-2024 00:00 is ₹915.1.

What is the market cap of RACL Geartech?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 00:00 the market cap of RACL Geartech stood at ₹1,005.9.

What is the P/E ratio of RACL Geartech?

The latest P/E ratio of RACL Geartech as of 05-Nov-2024 00:00 is 26.98.

What is the P/B ratio of RACL Geartech?

The latest P/B ratio of RACL Geartech as of 05-Nov-2024 00:00 is 4.76.

What is the 52-week high and low of RACL Geartech?

The 52-week high of RACL Geartech is ₹1,525 and the 52-week low is ₹869.7.

What is the TTM revenue of RACL Geartech?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RACL Geartech is ₹434.1 ( Cr.) .

About RACL Geartech Ltd

The year 1989 witnessed the advent of a leader in the automotive components sector- Raunaq Automotive Components Ltd. (RACL). Over the years, this company has scripted success stories of meeting complex engineering solutions and satisfying challenging customer needs in the field of Motorcycles & Scooters, 3 & 4 Wheeler Passenger & Cargo Vehicles Tractors, ATV, Light& Heavy Commercial Vehicles. It has also diversified in the field of Industrial Gears for Electrical Switch Gears & Circuit Breakers, Winches & Cranes.

RACL has its manufacturing set up spread over an area of more 1,00,000 Sq Mts of land and 7000 Sq Mts of built up area. It is located at Gajraula, 100 kms from New Delhi, on National Highway NH 24, the most important road link between New Delhi with Uttar Pradesh state capital Lucknow. RACL is recognized for manufacturing premium quality Transmission Gears, Shafts, Engine Timing Gears and Sprockets for automotive & industrial applications in the domestic as well as global markets.

RACLâ€™s concerted effort towards growth can be asserted with its state-of-the-art infrastructure meticulously developed with the most modern Production machines, Testing Equipments and pioneering technology.

RACL has successfully achieved a turnover of US Dollars 15.75 million for the year 2007-08 and is constantly exploring new vistas of expansion and growth.

Product range of the company includes:

Transmission Gears & Shafts
Engine Timing Gears
Sprockets & Ratchets
Synchronising Cones & Rings
Industrial Gears

Clientele:

Catering to a host of industries and serving some of the prestigious names in the automotive sector, RACL has emerged as the most preferred auto components supplier to major OEMâ€™s around the globe. With a strong customer base in Japan, Europe, South East Asia & USA, the company is spreading its wings to further worldwide markets. Owing to their consistent performance and quality focused approach towards engineering, RACL has successfully earned a coveted client base as TIER 1 & TIER 2 supplier, with names like:

Piaggio
Yamaha
Honda
Lombardini
Areva
BRP
Hero Motors
DANA
Swaraj Mazda

Achievements/ recognition:-

An ISO 9001 & ISO : TS 16949 certified company
2010 - The Company received Bronze Trophy for Excellence in Exports.
The Company received Second Prize from CII National Cluster Summit
2011 - The Company received Golden Trophy for Excellence in Exports."