BSE: 520008 | NSE: RICOAUTO | Auto Ancillary | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rico Auto Industries Ltd is a below average quality company.
The key valuation ratios of Rico Auto Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rico Auto 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -23.2% | 9.2% | 11% | 11.1% | 10.8% | 4.9% | 2.1% | 6.7% | 9.7% | 8.3% | - |
| Value Creation Index ⓘ | -2.7 | -0.3 | -0.2 | -0.2 | -0.2 | -0.7 | -0.9 | -0.5 | -0.3 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,346 | 1,007 | 1,038 | 1,209 | 1,393 | 1,401 | 1,470 | 1,861 | 2,302 | 2,160 | 2,187 |
| Sales YoY Gr. | - | -25.2% | 3.1% | 16.5% | 15.2% | 0.6% | 4.9% | 26.6% | 23.7% | -6.2% | - |
| Adj EPS ⓘ | -24 | 2.2 | 3.8 | 4.4 | 4 | 1.1 | -1 | 1.8 | 3.5 | 2.8 | 2.8 |
| YoY Gr. | - | NA | 69.8% | 17.2% | -9.7% | -71.4% | -186.8% | NA | 96.7% | -22.3% | - |
| BVPS (₹) ⓘ | 33.3 | 34.8 | 38.7 | 41.6 | 45.5 | 45.9 | 44.8 | 47.4 | 50.9 | 53.2 | 53.3 |
| Adj Net Profit ⓘ | -325 | 30.1 | 50.9 | 59.8 | 54 | 15.4 | -13.4 | 24.4 | 47.9 | 37.2 | 38 |
| Cash Flow from Ops. ⓘ | -20.6 | 35.1 | 75.2 | 85.6 | 128 | 117 | 22.7 | 216 | 160 | 247 | - |
| Debt/CF from Ops. ⓘ | -9 | 6.5 | 3.1 | 3.2 | 3 | 3.6 | 23.9 | 2.7 | 4.6 | 2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.4% | 9.2% | 13.7% | -6.2% | ||||
| Adj EPS ⓘ | NA | -7.2% | NA | -22.3% | ||||
| BVPSⓘ | 5.3% | 3.2% | 5.9% | 4.5% | ||||
| Share Price | 7.3% | 11% | 26.5% | -11.9% | ||||
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 % ⓘ | -81.2 | 6.5 | 10.3 | 11 | 9.2 | 2.5 | -2.2 | 3.9 | 7.2 | 5.3 | 5.2 |
| Op. Profit Mgn % ⓘ | -22.9 | 9.8 | 10.7 | 10.8 | 10.3 | 8.1 | 6 | 8.4 | 9.6 | 10.3 | 9.6 |
| Net Profit Mgn % ⓘ | -24.1 | 3 | 4.9 | 5 | 3.9 | 1.1 | -0.9 | 1.3 | 2.1 | 1.7 | 1.7 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 | 0.9 | 0.9 | 1.1 | 0.9 | 0.4 |
| Working Cap Days ⓘ | 104 | 139 | 147 | 147 | 150 | 165 | 182 | 157 | 125 | 126 | 60 |
| Cash Conv. Cycle ⓘ | 23 | 39 | 44 | 49 | 54 | 54 | 57 | 42 | 33 | 39 | -10 |
Sales growth is growing at healthy rate in last 3 years 13.68%
Debt to equity has declined versus last 3 years average to 0.91
Return on Equity has declined versus last 3 years average to 5.20%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -2.13%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2 | 2.8 |
| TTM Sales (₹ Cr.) | 1,614 | 2,187 |
| BVPS (₹.) ⓘ | 48.5 | 53.3 |
| Reserves (₹ Cr.) ⓘ | 642 | 707 |
| P/BV ⓘ | 1.76 | 1.60 |
| PE ⓘ | 42.48 | 30.58 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 82.30 / 157.00 |
| All Time Low / High (₹) | 2.00 / 157.00 |
| Market Cap (₹ Cr.) | 1,151 |
| Equity (₹ Cr.) | 13.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 51.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,346 | 1,007 | 1,038 | 1,209 | 1,393 | 1,401 | 1,470 | 1,861 | 2,302 | 2,160 |
| Operating Expenses ⓘ | 1,654 | 908 | 927 | 1,078 | 1,249 | 1,287 | 1,381 | 1,704 | 2,081 | 1,938 |
| Manufacturing Costs | 239 | 222 | 221 | 246 | 273 | 205 | 200 | 242 | 286 | 277 |
| Material Costs | 789 | 493 | 519 | 624 | 745 | 741 | 806 | 1,055 | 1,359 | 1,250 |
| Employee Cost | 151 | 131 | 136 | 146 | 153 | 246 | 238 | 268 | 292 | 301 |
| Other Costs ⓘ | 475 | 62 | 50 | 63 | 79 | 95 | 138 | 139 | 144 | 109 |
| Operating Profit ⓘ | -308 | 99 | 111 | 131 | 144 | 114 | 89 | 157 | 221 | 222 |
| Operating Profit Margin (%) | -22.9% | 9.8% | 10.7% | 10.8% | 10.3% | 8.1% | 6.0% | 8.4% | 9.6% | 10.3% |
| Other Income ⓘ | 43 | 14 | 13 | 16 | 19 | 23 | 19 | 20 | 19 | 15 |
| Interest ⓘ | 53 | 20 | 17 | 19 | 27 | 31 | 39 | 44 | 54 | 58 |
| Depreciation ⓘ | 85 | 47 | 46 | 54 | 58 | 80 | 80 | 91 | 112 | 119 |
| Exceptional Items ⓘ | 194 | -5 | -1 | -7 | -10 | -7 | -4 | -6 | -1 | -3 |
| Profit Before Tax ⓘ | -208 | 41 | 63 | 70 | 72 | 19 | -16 | 36 | 74 | 57 |
| Tax ⓘ | -24 | 11 | 12 | 12 | 21 | 2 | -2 | 12 | 23 | 18 |
| Profit After Tax | -184 | 30 | 52 | 58 | 51 | 17 | -14 | 24 | 51 | 39 |
| PAT Margin (%) | -13.6% | 2.9% | 5.0% | 4.8% | 3.7% | 1.2% | -1.0% | 1.3% | 2.2% | 1.8% |
| Adjusted EPS (₹) | 11.3 | 2.2 | 3.8 | 4.3 | 3.7 | 1.2 | -1.1 | 1.8 | 3.8 | 2.9 |
| Dividend Payout Ratio (%) | 26% | 28% | 20% | 19% | 21% | 24% | -19% | 23% | 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 | 451 | 471 | 524 | 563 | 616 | 621 | 606 | 642 | 689 | 720 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 437 | 457 | 510 | 550 | 602 | 607 | 592 | 628 | 676 | 707 |
| Minority Interest | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 0 | 2 | 3 |
| Debt | 146 | 177 | 182 | 198 | 326 | 373 | 448 | 469 | 626 | 565 |
| Long Term Debt | 88 | 92 | 67 | 63 | 165 | 210 | 241 | 188 | 377 | 307 |
| Short Term Debt | 58 | 86 | 115 | 135 | 162 | 164 | 207 | 280 | 250 | 258 |
| Trade Payables | 141 | 130 | 129 | 158 | 194 | 253 | 362 | 448 | 386 | 377 |
| Others Liabilities ⓘ | 137 | 121 | 130 | 160 | 189 | 172 | 216 | 263 | 231 | 222 |
| Total Liabilities ⓘ | 878 | 902 | 967 | 1,083 | 1,329 | 1,423 | 1,635 | 1,822 | 1,936 | 1,887 |
Fixed Assets | ||||||||||
| Gross Block | 962 | 997 | 474 | 551 | 752 | 904 | 1,008 | 1,266 | 1,471 | 1,613 |
| Accumulated Depreciation | 392 | 609 | 46 | 99 | 147 | 212 | 289 | 377 | 466 | 557 |
| Net Fixed Assetsⓘ | 570 | 388 | 428 | 452 | 605 | 692 | 719 | 890 | 1,005 | 1,056 |
| CWIP ⓘ | 34 | 70 | 44 | 63 | 80 | 63 | 63 | 89 | 79 | 89 |
| Investmentsⓘ | 49 | 6 | 27 | 26 | 0 | 0 | 0 | 2 | 2 | 4 |
| Inventories | 109 | 120 | 110 | 129 | 161 | 185 | 264 | 290 | 281 | 286 |
| Trade Receivables | 147 | 143 | 165 | 229 | 272 | 266 | 352 | 364 | 395 | 333 |
| Cash Equivalents | 5 | 7 | 5 | 12 | 27 | 17 | 21 | 27 | 36 | 22 |
| Others Assetsⓘ | -35 | 169 | 187 | 172 | 184 | 200 | 215 | 160 | 137 | 98 |
| Total Assets ⓘ | 878 | 902 | 967 | 1,083 | 1,329 | 1,423 | 1,635 | 1,822 | 1,936 | 1,887 |
| 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 ⓘ | -21 | 35 | 75 | 86 | 128 | 117 | 23 | 216 | 160 | 247 |
| PBT ⓘ | 187 | 41 | 63 | 70 | 72 | 19 | -16 | 36 | 74 | 57 |
| Adjustment ⓘ | -63 | 70 | 51 | 58 | 73 | 94 | 111 | 132 | 166 | 176 |
| Changes in Working Capital ⓘ | -144 | -63 | -31 | -26 | -1 | 13 | -67 | 54 | -68 | 25 |
| Tax Paid ⓘ | 0 | -13 | -9 | -17 | -16 | -10 | -5 | -6 | -12 | -11 |
| Cash Flow From Investing Activity ⓘ | 246 | -14 | -67 | -79 | -181 | -133 | -102 | -195 | -233 | -103 |
| Capex | -157 | -69 | -68 | -91 | -209 | -134 | -118 | -199 | -200 | -154 |
| Net Investments | 449 | 44 | -1 | 5 | 17 | 0 | 0 | -12 | 0 | 4 |
| Others ⓘ | -46 | 10 | 2 | 8 | 11 | 1 | 16 | 17 | -33 | 47 |
| Cash Flow From Financing Activityⓘ | -231 | -22 | -8 | -1 | 69 | 2 | 80 | -27 | 77 | -153 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -51 | 12 | -18 | 15 | 80 | 37 | 81 | -53 | 201 | -83 |
| Interest Paid ⓘ | -54 | -21 | -17 | -18 | -25 | -29 | -38 | -45 | -60 | -59 |
| Dividend Paid ⓘ | -18 | -41 | -2 | -19 | -12 | -7 | -4 | -3 | -5 | -10 |
| Others ⓘ | -109 | 27 | 29 | 21 | 25 | 2 | 42 | 74 | -58 | -1 |
| Net Cash Flow ⓘ | -6 | 0 | 0 | 6 | 16 | -14 | 1 | -6 | 4 | -9 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -45.95 | 6.45 | 10.39 | 10.67 | 8.65 | 2.7 | -2.29 | 3.8 | 7.67 | 5.53 |
| ROCE (%) | -23.2 | 9.21 | 10.99 | 11.14 | 10.81 | 4.93 | 2.08 | 6.73 | 9.66 | 8.28 |
| Asset Turnover Ratio | 1.45 | 1.21 | 1.19 | 1.2 | 1.15 | 1.02 | 0.96 | 1.09 | 1.24 | 1.14 |
| PAT to CFO Conversion(x) | N/A | 1.17 | 1.44 | 1.48 | 2.51 | 6.88 | N/A | 9 | 3.14 | 6.33 | Working Capital Days |
| Receivable Days | 38 | 49 | 51 | 58 | 66 | 70 | 77 | 70 | 59 | 61 |
| Inventory Days | 33 | 39 | 38 | 36 | 38 | 45 | 56 | 54 | 45 | 48 |
| Payable Days | 79 | 91 | 82 | 80 | 86 | 110 | 139 | 140 | 112 | 112 |
Rico Auto Industries, incorporated in 1984-85, is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe. Its consolidated group total turnover is over $285 million (Rs 1100 crore).
Rico’s integrated services include design, development, tooling, casting, machining and assembly across ferrous and aluminum products.
Rico Auto is a dynamic world-class engineering company, supplying a broad range of high precision fully machined ferrous and aluminium components and assemblies to automotive OEMs globally. The company enjoys an excellent reputation for our customer focus, quality and cost-competitiveness. Its engineering excellence, advanced design and development capabilities, strong customer relationships and proven scalability, have helped it become a preferred supplier to OEMs across the globe.
Today it has earned a reputation of being a reliable high quality supplier capable of supplying global volumes and also of an integrated and innovative development partner capable of developing complex products. It is increasingly positioning itself as a strategic design development partner which helps it with early sourcing opportunities. It has achieved critical mass now and estimate that it would continue to grow its export at a fast pace in the next few years.
Milestones:
Product range of the company includes:
Oil Pump Assembly, Fuel System Parts, Lube Oil Filters Heads, Exhaust Manifolds, Turbine Housings, Center Housings, Back Plates, Crank Cases & Covers, Cylinder Head Covers, Oil Pan, Intake Manifold Covers, Front Cover, Valve Cove, Side Cover, Balance Shafts Assembly, Gear Housing, Bearing Caps,Water, Air Connections and Pressure Plates, Flywheels, Timing Cases, Oil Filter Adaptor, Engine Brackets, Cylinder Block (Ferrous), Cylinder Head (Aluminum), Clutch Assembly, Automatic Transmission Bracket Assembly, Differential Case Housings, Gear Shifts Forks, Wheel Hubs Assembly, SetsBrake Panel Assembly, SetsBrake Discs, Drums and Steering Knuckles.
Clientele:
The long list of company’s clients include, Hero Honda, Honda, Suzuki, Bajaj, Volvo, Jaguar, Tata, Perkins, Honeywell etc.
Different divisions of the company:
Subsidiaries/ Joint Ventures:
Achievements/ recognition:-
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