Past 10 year's financial track record analysis by Moneyworks4me indicates that RR Kabel Ltd is a good quality company.
The key valuation ratios of RR Kabel Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RR Kabel 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 % ⓘ | 19.9% | 26.1% | 25.6% | 27.6% | 17.8% | 15.9% | 14.8% | 18.4% | 16.1% | 22.7% | - |
| Value Creation Index ⓘ | 0.5 | 0.9 | 0.9 | 1.0 | 0.3 | 0.2 | 0.1 | 0.4 | 0.2 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,301 | 1,442 | 1,698 | 1,980 | 2,241 | 2,472 | 2,716 | 4,386 | 5,599 | 6,595 | 7,006 |
| Sales YoY Gr. | - | 10.8% | 17.7% | 16.6% | 13.2% | 10.3% | 9.9% | 61.5% | 27.7% | 17.8% | - |
| Adj EPS ⓘ | 4.5 | 7.5 | 8.2 | 11.8 | 9.1 | 12.1 | 13.3 | 19.8 | 18.7 | 24.3 | 23.3 |
| YoY Gr. | - | 69.1% | 9.3% | 42.8% | -23.1% | 33.6% | 9.8% | 49.4% | -5.7% | 29.8% | - |
| BVPS (₹) ⓘ | 21.1 | 26.7 | 36.6 | 47.5 | 45.5 | 53.9 | 65.9 | 86.6 | 104.5 | 161.5 | 177.5 |
| Adj Net Profit ⓘ | 43.1 | 72.8 | 79.6 | 114 | 84.7 | 113 | 127 | 190 | 179 | 274 | 263 |
| Cash Flow from Ops. ⓘ | 74.5 | 104 | 12.8 | 94.6 | 52.9 | 211 | -71.1 | 98.2 | 454 | 339 | - |
| Debt/CF from Ops. ⓘ | 4.4 | 2.9 | 28 | 3.9 | 6.4 | 1.9 | -7 | 5.3 | 1.1 | 0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19.8% | 24.1% | 34.4% | 17.8% | ||||
| Adj EPS ⓘ | 20.7% | 21.8% | 22.3% | 29.8% | ||||
| BVPSⓘ | 25.4% | 28.8% | 34.8% | 54.5% | ||||
| Share Price | - | - | - | -11.3% | ||||
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 % ⓘ | 23 | 31.5 | 26 | 28 | 13.2 | 13.1 | 13 | 16.6 | 13.5 | 16.9 | 13.7 |
| Op. Profit Mgn % ⓘ | 9.1 | 11 | 10.1 | 11.3 | 8.2 | 8.4 | 8.6 | 6.9 | 5.8 | 7 | 5.8 |
| Net Profit Mgn % ⓘ | 3.3 | 5.1 | 4.7 | 5.7 | 3.8 | 4.6 | 4.7 | 4.3 | 3.2 | 4.2 | 3.8 |
| Debt to Equity ⓘ | 1.6 | 1.2 | 1 | 0.8 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.2 | 0 |
| Working Cap Days ⓘ | 98 | 96 | 97 | 112 | 124 | 128 | 132 | 100 | 92 | 88 | 52 |
| Cash Conv. Cycle ⓘ | 76 | 72 | 76 | 83 | 86 | 85 | 97 | 78 | 63 | 53 | 26 |
Sales growth is growing at healthy rate in last 3 years 34.41%
Net Profit is growing at healthy rate in last 3 years 22.31%
Sales growth is good in last 4 quarters at 12.93%
Return on Equity has declined versus last 3 years average to 13.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 23.3 | 23.3 |
| TTM Sales (₹ Cr.) | 7,006 | 7,006 |
| BVPS (₹.) ⓘ | 177.5 | 177.7 |
| Reserves (₹ Cr.) ⓘ | 1,950 | 1,953 |
| P/BV ⓘ | 8.22 | 8.21 |
| PE ⓘ | 62.69 | 62.56 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1313.10 / 1903.30 |
| All Time Low / High (₹) | 1137.60 / 1903.30 |
| Market Cap (₹ Cr.) | 16,490 |
| Equity (₹ Cr.) | 56.5 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 56.1 |
| Pledged * | 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 | 1,301 | 1,442 | 1,698 | 1,980 | 2,241 | 2,472 | 2,716 | 4,386 | 5,599 | 6,595 |
| Operating Expenses ⓘ | 1,183 | 1,284 | 1,527 | 1,756 | 2,058 | 2,265 | 2,484 | 4,082 | 5,276 | 6,133 |
| Manufacturing Costs | 21 | 24 | 31 | 32 | 37 | 48 | 46 | 60 | 153 | 120 |
| Material Costs | 1,046 | 1,115 | 1,339 | 1,536 | 1,770 | 1,922 | 2,147 | 3,608 | 4,506 | 5,317 |
| Employee Cost | 38 | 48 | 58 | 68 | 83 | 127 | 141 | 179 | 255 | 308 |
| Other Costs ⓘ | 78 | 97 | 99 | 119 | 169 | 168 | 150 | 235 | 363 | 387 |
| Operating Profit ⓘ | 118 | 158 | 171 | 224 | 183 | 207 | 232 | 304 | 323 | 462 |
| Operating Profit Margin (%) | 9.1% | 11.0% | 10.1% | 11.3% | 8.2% | 8.4% | 8.5% | 6.9% | 5.8% | 7.0% |
| Other Income ⓘ | 3 | 3 | 14 | 14 | 24 | 27 | 22 | 46 | 34 | 63 |
| Interest ⓘ | 37 | 31 | 29 | 29 | 31 | 37 | 29 | 24 | 43 | 54 |
| Depreciation ⓘ | 18 | 19 | 22 | 25 | 29 | 39 | 45 | 46 | 60 | 65 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 66 | 111 | 134 | 184 | 146 | 158 | 180 | 280 | 255 | 405 |
| Tax ⓘ | 23 | 38 | 47 | 62 | 51 | 35 | 46 | 70 | 66 | 108 |
| Profit After Tax | 43 | 73 | 87 | 122 | 95 | 122 | 134 | 210 | 189 | 297 |
| PAT Margin (%) | 3.3% | 5.1% | 5.1% | 6.1% | 4.3% | 5.0% | 4.9% | 4.8% | 3.4% | 4.5% |
| Adjusted EPS (₹) | 4.5 | 7.5 | 9.0 | 12.6 | 10.2 | 13.1 | 14.0 | 21.5 | 19.7 | 26.3 |
| Dividend Payout Ratio (%) | 22% | 22% | 22% | 16% | 13% | 14% | 18% | 21% | 23% | 23% |
| 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 | 204 | 258 | 354 | 459 | 826 | 904 | 1,046 | 1,244 | 1,415 | 1,822 |
| Share Capital ⓘ | 24 | 24 | 24 | 24 | 423 | 423 | 439 | 439 | 463 | 56 |
| Reserves ⓘ | 180 | 234 | 329 | 435 | 402 | 481 | 607 | 805 | 952 | 1,765 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 299 | 274 | 344 | 364 | 323 | 377 | 466 | 482 | 481 | 288 |
| Long Term Debt | 77 | 59 | 27 | 44 | 22 | 68 | 71 | 59 | 27 | 0 |
| Short Term Debt | 222 | 215 | 316 | 319 | 301 | 309 | 395 | 423 | 455 | 288 |
| Trade Payables | 46 | 49 | 40 | 115 | 135 | 181 | 113 | 168 | 440 | 429 |
| Others Liabilities ⓘ | 90 | 95 | 79 | 55 | 67 | 83 | 89 | 151 | 294 | 326 |
| Total Liabilities ⓘ | 640 | 676 | 816 | 993 | 1,350 | 1,545 | 1,714 | 2,045 | 2,630 | 2,865 |
Fixed Assets | ||||||||||
| Gross Block | 248 | 283 | 226 | 295 | 360 | 505 | 557 | 599 | 775 | 852 |
| Accumulated Depreciation | 77 | 96 | 22 | 46 | 76 | 114 | 158 | 201 | 258 | 317 |
| Net Fixed Assetsⓘ | 172 | 187 | 203 | 249 | 284 | 391 | 399 | 398 | 517 | 535 |
| CWIP ⓘ | 7 | 8 | 4 | 5 | 43 | 15 | 7 | 43 | 44 | 164 |
| Investmentsⓘ | 11 | 11 | 24 | 35 | 188 | 221 | 236 | 262 | 359 | 337 |
| Inventories | 90 | 108 | 172 | 189 | 314 | 375 | 534 | 710 | 860 | 898 |
| Trade Receivables | 270 | 276 | 320 | 419 | 395 | 419 | 420 | 517 | 592 | 641 |
| Cash Equivalents | 51 | 39 | 34 | 13 | 6 | 11 | 8 | 12 | 81 | 99 |
| Others Assetsⓘ | 39 | 46 | 59 | 83 | 120 | 113 | 109 | 103 | 177 | 192 |
| Total Assets ⓘ | 640 | 676 | 816 | 993 | 1,350 | 1,545 | 1,714 | 2,045 | 2,630 | 2,865 |
| 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 ⓘ | 74 | 104 | 13 | 95 | 53 | 211 | -71 | 98 | 454 | 339 |
| PBT ⓘ | 66 | 111 | 134 | 184 | 146 | 158 | 180 | 280 | 255 | 405 |
| Adjustment ⓘ | 51 | 46 | 46 | 55 | 54 | 78 | 74 | 67 | 104 | 95 |
| Changes in Working Capital ⓘ | -23 | -17 | -115 | -87 | -82 | 9 | -284 | -175 | 153 | -64 |
| Tax Paid ⓘ | -20 | -36 | -52 | -58 | -65 | -33 | -42 | -73 | -58 | -97 |
| Cash Flow From Investing Activity ⓘ | -16 | -33 | -38 | -44 | -273 | -122 | -6 | -63 | -333 | -84 |
| Capex | -18 | -36 | -41 | -64 | -102 | -86 | -46 | -64 | -108 | -187 |
| Net Investments | 0 | 0 | 0 | 0 | -151 | -43 | 37 | 0 | -228 | 98 |
| Others ⓘ | 2 | 3 | 4 | 21 | -20 | 7 | 4 | 1 | 3 | 6 |
| Cash Flow From Financing Activityⓘ | -44 | -83 | 27 | -45 | 212 | -84 | 74 | -32 | -102 | -205 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 400 | 0 | 0 | 0 | 0 | 180 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 9 | -17 | 46 | 20 | 26 | -38 | -49 |
| Interest Paid ⓘ | -35 | -29 | -27 | -30 | -30 | -34 | -29 | -22 | -36 | -51 |
| Dividend Paid ⓘ | -7 | -21 | -6 | -19 | -19 | -42 | 0 | -28 | -50 | -84 |
| Others ⓘ | -1 | -33 | 59 | -5 | -121 | -53 | 83 | -8 | 22 | -201 |
| Net Cash Flow ⓘ | 15 | -12 | 2 | 6 | -8 | 5 | -3 | 4 | 19 | 50 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.03 | 31.54 | 28.52 | 29.94 | 21.59 | 26.35 | 23.67 | 28.74 | 20.66 | 21.05 |
| ROCE (%) | 19.93 | 26.07 | 25.61 | 27.6 | 17.82 | 15.88 | 14.75 | 18.4 | 16.12 | 22.71 |
| Asset Turnover Ratio | 2.3 | 2.4 | 2.48 | 2.24 | 1.91 | 1.71 | 1.67 | 2.33 | 2.5 | 2.53 |
| PAT to CFO Conversion(x) | 1.72 | 1.42 | 0.15 | 0.78 | 0.56 | 1.73 | -0.53 | 0.47 | 2.4 | 1.14 | Working Capital Days |
| Receivable Days | 65 | 63 | 59 | 66 | 66 | 60 | 56 | 39 | 35 | 32 |
| Inventory Days | 23 | 23 | 28 | 33 | 41 | 51 | 61 | 52 | 49 | 46 |
| Payable Days | 13 | 16 | 12 | 18 | 26 | 30 | 25 | 14 | 25 | 30 |
R R Kabel was originally incorporated as ‘Ram Ratna Agro-Plast Limited’ at Mumbai, Maharashtra as a public company under the Companies Act, 1956, pursuant to the certificate of incorporation dated February 6, 1995, issued by RoC and commenced operations pursuant to a certificate of commencement of business dated June 29, 1995. Subsequently, the name of the company was changed to ‘R R Kabel Limited’ to align the name with the business activity of the company and a fresh certificate of incorporation dated November 8, 2000 was issued by the RoC.
The company is one of the leading companies in the Indian consumer electrical industry (comprising wires and cables and fast moving electrical goods (FMEG)), with an operating history of many years in India. The company sells products across two broad segments - (i) wires and cables including house wires, industrial wires, power cables and special cables; and (ii) FMEG including fans, lighting, switches and appliances. The company’s product’s end use determines whether the sale is through a business-to-business (B2B) or B2C channel. The company undertakes the manufacturing, marketing and sale of (i) its wires and cable products under its ‘RR Kabel’ brand, and (ii) a variety of consumer electrical products, including fans and lights under the ‘RR’ brand, which is licensed by it. The company also manufacture, market and sell fans and lights under the ‘Luminous Fans and Lights’ brand, which is licensed by it.
The company owns and operates two integrated manufacturing facilities which are located at Waghodia, Gujarat, being the Waghodia Facility, and Silvassa, Dadra and Nagar Haveli and Daman and Diu (Silvassa Facility) in India, which primarily carry out manufacturing operations in respect of wire and cables and switches. Additionally, the company owns and operates three integrated manufacturing facilities which are located at Roorkee, Uttarakhand (Roorkee Facility), Bengaluru, Karnataka (Bengaluru Facility) and Gagret, Himachal Pradesh (Gagret Facility) in India, which carry out manufacturing operations in respect of FMEG products. Its Waghodia Facility is one of the largest consumer electrical manufacturing facilities in India as of March 31, 2023, with an annual manufacturing capacity of 2.1 million CKM of wires and cables.
Business area of the company
The company is primarily engaged in the manufacturing, marketing and sale of consumer electrical products across two broad segments - wires and cables and FMEG.
Products of the company
Wires and cables
FMEG
Awards, accreditations and recognitions
History and milestones
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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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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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