BSE: 531888 | NSE: | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Rexnord Electronics & Controls Ltd is a good quality company.
The key valuation ratios of Rexnord Electronics & Controls 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 Rexnord Electronics & Controls 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 % ⓘ | 21.7% | 16.1% | 18.8% | 15.8% | 15.9% | 15% | 10.4% | 25% | 16.7% | 16.3% | - |
| Value Creation Index ⓘ | 0.6 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | -0.3 | 0.8 | 0.2 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 52.6 | 51.5 | 56.7 | 56.6 | 62.6 | 65.2 | 50.2 | 71.1 | 88.5 | 96.3 | 101 |
| Sales YoY Gr. | - | -2.1% | 10.1% | -0.3% | 10.7% | 4.2% | -23.1% | 41.7% | 24.5% | 8.8% | - |
| Adj EPS ⓘ | 3.6 | 2.1 | 2.7 | 2.9 | 3.3 | 3.6 | 3.4 | 7.4 | 7.4 | 6.7 | 4.7 |
| YoY Gr. | - | -43.3% | 31.6% | 8.5% | 12.6% | 9.1% | -4.7% | 116% | -1.1% | -8.3% | - |
| BVPS (₹) ⓘ | 21.5 | 21.5 | 24.8 | 27.9 | 31.4 | 35.1 | 37.9 | 46.1 | 51.9 | 58.6 | 73.3 |
| Adj Net Profit ⓘ | 2.8 | 2.1 | 3 | 3.3 | 3.7 | 4 | 3.8 | 8.3 | 8.2 | 7.5 | 6 |
| Cash Flow from Ops. ⓘ | 0.3 | 1.3 | 3.4 | 0.3 | 2.1 | 6.4 | 11.9 | 10.8 | 3.1 | 4.5 | - |
| Debt/CF from Ops. ⓘ | 38.4 | 6 | 1.4 | 34.8 | 4.3 | 1.3 | 0.5 | 0.6 | 2.2 | 2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7% | 9% | 24.3% | 8.8% | ||||
| Adj EPS ⓘ | 7.1% | 15.3% | 25.1% | -8.3% | ||||
| BVPSⓘ | 11.8% | 13.3% | 15.6% | 12.9% | ||||
| Share Price | 17.9% | 37.6% | 26.8% | -14% | ||||
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 % ⓘ | 18.2 | 10.2 | 12.1 | 11.2 | 11.2 | 10.9 | 9.4 | 17.7 | 15 | 11.7 | 7.2 |
| Op. Profit Mgn % ⓘ | 12.7 | 11.1 | 11.5 | 11.8 | 12 | 12 | 14.9 | 18.1 | 15.8 | 14.7 | 13.9 |
| Net Profit Mgn % ⓘ | 5.2 | 4 | 5.3 | 5.8 | 5.9 | 6.2 | 7.7 | 11.7 | 9.3 | 7.8 | 6.2 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Working Cap Days ⓘ | 96 | 125 | 128 | 164 | 175 | 191 | 231 | 136 | 132 | 147 | 90 |
| Cash Conv. Cycle ⓘ | 51 | 75 | 73 | 97 | 109 | 112 | 118 | 73 | 80 | 100 | 53 |
Sales growth is growing at healthy rate in last 3 years 24.28%
Net Profit is growing at healthy rate in last 3 years 25.13%
Return on Equity has declined versus last 3 years average to 7.20%
Sales growth is not so good in last 4 quarters at 9.39%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | 4.7 |
| TTM Sales (₹ Cr.) | 101 | 101 |
| BVPS (₹.) ⓘ | 73.3 | 72.3 |
| Reserves (₹ Cr.) ⓘ | 78 | 83 |
| P/BV ⓘ | 1.50 | 1.52 |
| PE ⓘ | 23.31 | 23.59 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 93.10 / 164.95 |
| All Time Low / High (₹) | 0.75 / 175.00 |
| Market Cap (₹ Cr.) | 146 |
| Equity (₹ Cr.) | 13.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 91.8 |
| 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 | 53 | 52 | 57 | 57 | 63 | 65 | 50 | 71 | 88 | 96 |
| Operating Expenses ⓘ | 46 | 46 | 50 | 50 | 55 | 57 | 43 | 58 | 75 | 82 |
| Manufacturing Costs | 9 | 8 | 9 | 9 | 9 | 9 | 8 | 10 | 12 | 13 |
| Material Costs | 31 | 30 | 33 | 32 | 38 | 40 | 28 | 41 | 53 | 55 |
| Employee Cost | 3 | 3 | 4 | 5 | 5 | 5 | 4 | 5 | 6 | 10 |
| Other Costs ⓘ | 4 | 4 | 4 | 3 | 4 | 3 | 2 | 3 | 3 | 4 |
| Operating Profit ⓘ | 6 | 6 | 7 | 7 | 7 | 8 | 7 | 13 | 14 | 14 |
| Operating Profit Margin (%) | 12.0% | 10.9% | 11.5% | 11.8% | 11.9% | 12.0% | 14.9% | 17.7% | 15.6% | 14.7% |
| Other Income ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 1 | -2 | 0 |
| Profit Before Tax ⓘ | 4 | 3 | 5 | 5 | 6 | 5 | 4 | 12 | 9 | 10 |
| Tax ⓘ | 1 | 1 | 2 | 1 | 2 | 1 | 1 | 3 | 2 | 3 |
| Profit After Tax | 2 | 2 | 3 | 3 | 4 | 4 | 3 | 9 | 6 | 8 |
| PAT Margin (%) | 4.8% | 3.9% | 5.8% | 6.1% | 6.3% | 6.2% | 6.2% | 13.0% | 7.3% | 7.8% |
| Adjusted EPS (₹) | 3.3 | 2.0 | 2.9 | 3.1 | 3.6 | 3.7 | 2.8 | 8.3 | 5.8 | 6.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | 16 | 21 | 28 | 31 | 35 | 39 | 42 | 51 | 58 | 65 |
| Share Capital ⓘ | 8 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 9 | 11 | 17 | 20 | 24 | 28 | 31 | 40 | 47 | 54 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 8 | 7 | 5 | 9 | 9 | 8 | 5 | 5 | 5 | 7 |
| Long Term Debt | 2 | 2 | 1 | 1 | 1 | 3 | 2 | 1 | 0 | 0 |
| Short Term Debt | 5 | 5 | 3 | 8 | 7 | 5 | 4 | 4 | 5 | 7 |
| Trade Payables | 8 | 7 | 7 | 7 | 4 | 10 | 5 | 5 | 5 | 3 |
| Others Liabilities ⓘ | 6 | 5 | 5 | 5 | 5 | 6 | 5 | 16 | 15 | 19 |
| Total Liabilities ⓘ | 38 | 40 | 43 | 51 | 53 | 62 | 57 | 77 | 83 | 94 |
Fixed Assets | ||||||||||
| Gross Block | 25 | 25 | 18 | 20 | 21 | 25 | 26 | 40 | 36 | 44 |
| Accumulated Depreciation | 9 | 10 | 1 | 3 | 4 | 6 | 7 | 8 | 7 | 11 |
| Net Fixed Assetsⓘ | 16 | 16 | 16 | 17 | 17 | 19 | 19 | 32 | 28 | 33 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 1 | 2 | 1 | 3 | 4 | 3 | 2 | 2 |
| Inventories | 11 | 12 | 14 | 17 | 18 | 22 | 17 | 18 | 23 | 26 |
| Trade Receivables | 6 | 8 | 7 | 8 | 7 | 9 | 3 | 3 | 6 | 6 |
| Cash Equivalents | 3 | 4 | 3 | 3 | 3 | 3 | 8 | 15 | 15 | 19 |
| Others Assetsⓘ | 1 | 1 | 3 | 4 | 6 | 7 | 7 | 6 | 9 | 7 |
| Total Assets ⓘ | 38 | 40 | 43 | 51 | 53 | 62 | 57 | 77 | 83 | 94 |
| 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 ⓘ | 0 | 1 | 3 | 0 | 2 | 6 | 12 | 11 | 3 | 4 |
| PBT ⓘ | 4 | 3 | 5 | 5 | 6 | 5 | 4 | 12 | 9 | 10 |
| Adjustment ⓘ | 3 | 2 | 2 | 2 | 2 | 3 | 2 | 1 | 5 | 4 |
| Changes in Working Capital ⓘ | -5 | -3 | -2 | -5 | -4 | -0 | 6 | 1 | -7 | -7 |
| Tax Paid ⓘ | -1 | -1 | -1 | -2 | -2 | -1 | -1 | -3 | -3 | -2 |
| Cash Flow From Investing Activity ⓘ | -4 | -3 | 0 | -4 | -1 | -5 | -6 | -13 | 0 | -10 |
| Capex | -4 | -1 | -2 | -2 | -1 | -4 | -2 | -5 | -5 | -6 |
| Net Investments | 0 | -2 | 1 | -2 | 1 | -2 | -4 | -8 | 0 | -4 |
| Others ⓘ | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 4 | 1 |
| Cash Flow From Financing Activityⓘ | 3 | -1 | -2 | 4 | -1 | -2 | -4 | 0 | -3 | 4 |
| Net Proceeds from Shares ⓘ | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -1 | -1 | 0 | 0 | 2 | -2 | 1 | -2 | 0 |
| Interest Paid ⓘ | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 0 | -2 | 4 | 0 | -3 | -1 | 0 | 0 | 6 |
| Net Cash Flow ⓘ | -1 | -2 | 1 | 0 | 0 | 0 | 2 | -2 | 0 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.43 | 10.62 | 13.34 | 11.71 | 11.96 | 10.97 | 7.59 | 19.66 | 11.74 | 12.18 |
| ROCE (%) | 21.67 | 16.07 | 18.78 | 15.8 | 15.94 | 15.02 | 10.37 | 24.99 | 16.74 | 16.25 |
| Asset Turnover Ratio | 1.66 | 1.45 | 1.5 | 1.22 | 1.2 | 1.14 | 0.84 | 1.06 | 1.11 | 1.09 |
| PAT to CFO Conversion(x) | 0 | 0.5 | 1 | 0 | 0.5 | 1.5 | 4 | 1.22 | 0.5 | 0.5 | Working Capital Days |
| Receivable Days | 33 | 46 | 45 | 48 | 43 | 43 | 41 | 14 | 18 | 23 |
| Inventory Days | 58 | 73 | 74 | 97 | 103 | 112 | 140 | 89 | 84 | 92 |
| Payable Days | 60 | 64 | 68 | 75 | 52 | 62 | 92 | 42 | 32 | 24 |
Rexnord Electronics & Controls Ltd was established in 1988 and with a constant endevour on improvising Quality service, Quality Products and new ideas for over a decade; they have travelled a very long journey of success in a very short time.
Rexnord Electronic and Controls is a manufacturer of Dehumidifiers, High Speed Fans, Cooling Fans, Aluminium Impellors and Motors.
At Rexnord they not just have the latest techniques and machineries (manufacturing unit) to meet up with any production quantity, but also a team of highly qualified and enthusiastic professionals, constantly striving for high quality product profile and high quality service.
They also have an inhouse research and developement to understand the latest needs of their consumers and develop new techniques and methods for the development of new variety of products.
Over a decade, with a presence of strong Industry competition, Rexnord has emerged as one of the major players in the market. A true representation of the same can be seen by the series of Awards & recognitions that the Company has received. Its quality has earned recognition from International Companies like Voltas, Carrier, Blue Star, Videocon, Whirpool, and many others. The manufacturing facilities of the company are certified by ISO-9001-2000, UL and CE indicating its focus on quality.
Company’s Policy is to be the industry leader in its field by manufacturing and marketing innovative, low cost, high quality products of international standard.
Product range of the company includes:
Latest Products:
Achievements/ recognition:
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