Rasandik Engineering Industries India Ltd - Stock Valuation and Financial Performance

BSE: 522207 | NSE: | Auto Ancillary | Small Cap

Rasandik Engg. Share Price

117.40 0.75 0.64%
as on 26-Dec'24 16:01

DeciZen - make an informed investing decision on Rasandik Engg.

M-Cap below 100cr DeciZen not available

Rasandik Engineering Industries India stock performance -

mw4me loader
P/E Ratio (SA):
13.87
Market Cap:
69.7 Cr.
52-wk low:
72.1
52-wk high:
172

Is Rasandik Engineering Industries India Ltd an attractive stock to invest in?

1. Is Rasandik Engineering Industries India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rasandik Engineering Industries India Ltd is a average quality company.

2. Is Rasandik Engineering Industries India Ltd undervalued or overvalued?

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

3. Is Rasandik Engineering Industries India Ltd a good buy now?

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

10 Year X-Ray of Rasandik Engg.:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rasandik Engineering Industries India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.3%10%12.7%8.9%9.6%-3.9%1.4%4.2%3.4%10.4%-
Value Creation
Index
0.0-0.3-0.1-0.4-0.3-1.3-0.9-0.7-0.8-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20719521523926720813720715086.371
Sales YoY Gr.--5.7%10.2%11.1%11.7%-22.2%-34.1%51%-27.4%-42.5%-
Adj EPS 12.72.610.52.73.3-5.6-9.6-4.5-10.3-228.4
YoY Gr.--79.8%310.6%-74.5%21.3%-271.4%NANANANA-
BVPS (₹) 53.355.7164.2167.1179.5174.1164.6160.3155.8168.5166.6
Adj Net
Profit
61.251.31.9-3.3-5.8-2.7-6.2-13.15
Cash Flow from Ops. -10.67.324.936.71024.52.612.113.32.4-
Debt/CF from Ops. -12.3195.23.19.53.334.97.35.716.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -9.3%-20.2%-14.3%-42.5%
Adj EPS -206.3%-246.5%NANA
BVPS13.7%-1.3%0.8%8.2%
Share Price 14.5% 17.6% 8.4% -8.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
26.84.79.61.62.1-3.2-5.7-2.8-6.5-13.55
Op. Profit
Mgn %
8.710.511.211.19.60.89.87.55.7-9-15.2
Net Profit
Mgn %
2.90.62.30.50.7-1.6-4.2-1.3-4.1-15.27.1
Debt to
Equity
5.25.21.71.50.90.80.90.90.80.40.1
Working Cap
Days
11213013112712013918113216621696
Cash Conv.
Cycle
495951445264856893130-24

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.00%

Debt to equity has declined versus last 3 years average to 0.40

Sales growth has been subdued in last 3 years -14.26%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -30.78%

Latest Financials - Rasandik Engineering Industries India Ltd.

Standalone Consolidated
TTM EPS (₹) 8.4 10.6
TTM Sales (₹ Cr.) 71 249
BVPS (₹.) 166.6 0
Reserves (₹ Cr.) 94 30
P/BV 0.70 0.00
PE 13.87 11.03
From the Market
52 Week Low / High (₹) 72.10 / 172.00
All Time Low / High (₹) 3.50 / 301.00
Market Cap (₹ Cr.) 69.7
Equity (₹ Cr.) 6
Face Value (₹) 10
Industry PE 50.3

Management X-Ray of Rasandik Engg.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.260.260.260.260.260.260.260.260.260.26
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Rasandik Engg.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales206.83195.09214.99238.87266.76207.61136.84206.60150.0286.25
Operating Expenses 188.99174.79190.90212.35241.41205.95123.41191.19141.4493.98
Manufacturing Costs22.5519.7820.0421.3433.0325.5816.8619.4114.939.13
Material Costs139.17126.43141.29160.03173.64142.9686.23152107.1065.35
Employee Cost 19.3819.8621.3321.4821.4918.2812.3514.2812.939.89
Other Costs 7.898.728.249.5013.2519.127.965.506.479.61
Operating Profit 17.8420.3024.0926.5225.351.6613.4315.418.58-7.73
Operating Profit Margin (%) 8.6%10.4%11.2%11.1%9.5%0.8%9.8%7.5%5.7%-9.0%
Other Income 16.198.7113.525.387.803.962.440.746.3829.33
Interest 14.7017.7620.1016.5212.5711.229.9511.4610.689.44
Depreciation 14.2313.0613.9513.8514.0613.1113.348.387.096.15
Exceptional Items 00000000-1.910.63
Profit Before Tax 5.10-1.803.561.536.52-18.70-7.43-3.68-4.726.65
Tax -0.87-2.94-1.370.263.62-15.38-1.65-0.97-1.42-0.48
Profit After Tax 5.971.144.931.272.90-3.32-5.77-2.71-3.307.13
PAT Margin (%) 2.9%0.6%2.3%0.5%1.1%-1.6%-4.2%-1.3%-2.2%8.3%
Adjusted EPS (₹)12.62.410.42.74.9-5.6-9.7-4.5-5.511.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 25.1626.3077.5778.94107.22104.0398.3395.7893.11100.69
Share Capital 4.734.734.734.735.985.985.985.985.985.98
Reserves 20.4421.5872.8574.21101.2498.0592.3689.8087.1494.72
Minority Interest0000000000
Debt118.76125.44106.2297.2679.8468.1481.8572.4469.1734.27
Long Term Debt67.0966.8550.2637.9923.1113.6626.4820.2314.5010.51
Short Term Debt51.6758.5955.9659.2856.7354.4855.3652.2154.6723.76
Trade Payables22.3222.0734.6933.9137.2625.7324.3923.9716.4212.01
Others Liabilities 98.1570.6699.498678.3855.6548.2754.7746.3737.89
Total Liabilities 264.39244.47317.97296.11302.70253.55252.84246.95225.07184.87

Fixed Assets

Gross Block273.59275.30221.94236.41240.45241.26242.46243.71200.99189.73
Accumulated Depreciation129.94142.8113.9527.7941.6454.7668.0976.4055.1158.71
Net Fixed Assets143.65132.50207.99208.63198.81186.50174.37167.30145.88131.02
CWIP 37.3829.2815.656.305.784.623.753.340.100.08
Investments 0000000000
Inventories43.6945.2950.4140.6950.4939.2743.7349.3541.9228.92
Trade Receivables19.2519.1622.7727.3034.4714.9018.9616.5811.666.23
Cash Equivalents 6.730.810.622.770.550.610.690.240.420.31
Others Assets13.6917.4420.5410.4212.607.6411.3410.1525.1018.31
Total Assets 264.39244.47317.97296.11302.70253.55252.84246.95225.07184.87

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -10.647.2524.9436.729.9524.452.5712.0513.312.40
PBT 5.10-1.803.561.536.52-18.70-7.43-3.68-4.726.65
Adjustment 13.4923.3920.9327.6322.4530.7223.1119.0411.78-14.96
Changes in Working Capital -28.9-13.941.238.09-17.6110.99-13.32-3.136.0310.68
Tax Paid -0.34-0.40-0.78-0.53-1.401.450.20-0.190.210.03
Cash Flow From Investing Activity -3.85-1.42-2.91-4.86-2.56-0.65-0.090.598.1042.55
Capex -4.56-1.72-2.40-5.14-3.61-0.46-0.33-0.888.2442.46
Net Investments 000.11-0.05-0.01-0.0200.15-0.190.13
Others 0.720.30-0.610.321.06-0.180.251.320.05-0.03
Cash Flow From Financing Activity 14.32-11.76-22.13-29.77-9.62-23.76-2.39-12.93-21.41-44.93
Net Proceeds from Shares 000223.8700000
Net Proceeds from Borrowing 18.24-1.14-1.04-18.10-18.36-10.844.161.20-12.99-4.66
Interest Paid -13.97-17.54-18.46-16.98-12.03-10.67-7.44-10.99-10.88-9.36
Dividend Paid 0000000000
Others 10.056.92-2.633.31-3.10-2.250.88-3.152.46-30.91
Net Cash Flow -0.17-5.93-0.102.10-2.230.030.09-0.3000.02
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)26.744.439.51.633.12-3.14-5.71-2.79-3.497.36
ROCE (%)14.279.9712.738.949.6-3.871.364.193.3810.36
Asset Turnover Ratio0.880.880.870.810.890.750.540.830.640.42
PAT to CFO Conversion(x)-1.786.365.0628.913.43N/AN/AN/AN/A0.34
Working Capital Days
Receivable Days31313137424345313438
Inventory Days61737167627811082110149
Payable Days646473787580106586979

Rasandik Engineering Industries India Ltd Stock News

Rasandik Engineering Industries India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rasandik Engg. on 26-Dec-2024 16:01 is ₹117.4.
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 26-Dec-2024 16:01 the market cap of Rasandik Engg. stood at ₹69.70.
The latest P/E ratio of Rasandik Engg. as of 26-Dec-2024 16:01 is 13.87.
The latest P/B ratio of Rasandik Engg. as of 26-Dec-2024 16:01 is 0.70.
The 52-week high of Rasandik Engg. is ₹172.0 and the 52-week low is ₹72.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rasandik Engg. is ₹71.01 ( Cr.) .

About Rasandik Engineering Industries India Ltd

Rasandik Engineering Industries India Ltd.is a respectively a new company established in 1986, a dynamic and forward thinking auto sheet metal component manufacturer. Totally committed to quality throughout its manufacturing processes, Rasandik is TS 16949 and ISO 14001 accredited company.

From its inception in 1986, Rasandik's growth has been impressive and it now supply fuel tanks and other steel metal components including Sub Assemblies, Engine Mounting, Suspension Parts, Rear Axle, Pedal Assembly and other parts to many of India's leading OEMs'A tier 1supplier, Rasandik's customers include Maruti, Honda, and Fiat India, amongst others.

Rasandik was quick to realise that suppliers will need to shift their perception from using low technology to state-of-the-art. The use of high level of automation in Press Shop and Robotics in welding would result in product quality consistency of enhancement of productivity levels. To realize this goal, the company has invested heavily in advanced equipment and technology including CATIA, Unigraphics & Hyperform software being used in designing and development of Components, Tools and Dies, Welding and Checking Fixtures.

The CAM section of the software assists in manufacture of Tools & Dies at a rapid pace. To cement our stake in the global market Rasandik has further planned to offer Tailor Welded Blank system and provide a single point responsibility from product design to product delivery. Establishing an independent Tool Shop in 2002, Rasandik is capable of offering Turnkey Solutions for CAD/CAM/ CAE and Reverse Engineering around CATIA and Unigraphics applications package. Rasandik is rapidly moving up the value addition chain and becoming an integrated component manufacturer.

Product range of the company includes:

  • Tailor Welded Blanks
  • Tools & Dies 
  • Body Parts
  • Fuel Tank
  • Exhaust Line & CNC Bending 
  • Sub Assemblies
  • Engine Mounting
  • Suspension Parts
  • Rear Axle
  • Pedal Assembly

Milestones:

  • 1986 - Commenced manufacturing of Fuel Tanks dies and regular production of Omni Fuel Tanks.
  • 1994 - Major expansion of capacity. Set up 400T / 200T Mechanical Presses, Hydraulic Presses and Fuel Tank Assembly Line.
  • 1995 - Established State of the art water based Paint Shop.
  • 1996 - Enhanced capacity by adding 630T and 200T Mechanical Presses to the Press Line. Rasandik was the first ancilliary to introduce Moving Bolster concept.
  • 1998 - Introduced Robot for Mig Welding Member Engine Mounting
  • 1999 - Surajpur plant consisting of Press Shop with Lead Press of Line. Introduced Robot for Spot Welding operation and integral Transformation Guns for spot welding.
  • 2000 - CATIA introduced at Raj-Ka-Meo to carry out product design, Surface Modelling and Die Designing and CAM as a part of Tool Room expansion plans. Reverse Engineering technique have been introduced for component modeling using scanning probes. Introduced Co-ordinate Layout Measuring Machine. Started manufacturing of the new tooling in-house.
  • 2001 - Turnkey solution for CAD/CAM/CME and Reverse Engineering Green Chain Management certification.
  • 2002 - Set up State-of-the-art Tool Shop at Sohna. Obtained TS 16949 & ISO 14001 Certification.
  • 2003 - Enhanced Press Line capacity by adding a 1200T Press & introduced conveyorised spay pre-treatment paint line and Exhaust Muffler Line At Surajpur.
  • 2006 (12th June) - Launch of the very first Tailor Welded Blanks system in India, at Sohna, Gurgaon. A state-of-the-art TW welder of the type LPQ 3000 with capacity of a million meter per year of laser welding.

Achievements/ recognition:

  • Quality management system certificate in ISO/TS 16949:2002.
  • ISO 9001 certified
  • ISO 14001 certified
  • The Very First Tailored Blank Welding System in India being set up by Market Leader and Pioneer Rasandik.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.