Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rite Zone Chemcon India Ltd is a below average quality company.
The key valuation ratios of Rite Zone Chemcon India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rite Zone Chemcon India 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.3% | 3.6% | 12.2% | 11.9% | 10.5% | - |
| Value Creation Index ⓘ | -0.4 | -0.8 | -0.1 | -0.2 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 5.8 | 3.8 | 4.9 | 22.5 | 26.7 | 27 |
| Sales YoY Gr. | - | -33.9% | 29.7% | 355.6% | 19% | - |
| Adj EPS ⓘ | 3.5 | 0.1 | 0.8 | 2 | 2.7 | 2.7 |
| YoY Gr. | - | -96.8% | 590.9% | 157.9% | 36.2% | - |
| BVPS (₹) ⓘ | 10.3 | 10.4 | 16.5 | 30.9 | 33.5 | 33.5 |
| Adj Net Profit ⓘ | 0.2 | 0 | 0.2 | 0.8 | 1.1 | 1 |
| Cash Flow from Ops. ⓘ | -0.3 | 1.1 | -3.6 | -3.9 | -0.5 | - |
| Debt/CF from Ops. ⓘ | -9.4 | 3 | -0.3 | -0.2 | -1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 91.6% | 19% | ||||
| Adj EPS ⓘ | NA | NA | 189.5% | 36.2% | ||||
| BVPSⓘ | NA | NA | 47.9% | 8.7% | ||||
| Share Price | - | - | - | -15.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 33.8 | 1.1 | 8.1 | 9.2 | 8.3 | 8 |
| Op. Profit Mgn % ⓘ | 9.5 | 6.9 | 2.4 | 6.4 | 6.1 | NAN |
| Net Profit Mgn % ⓘ | 3.7 | 0.2 | 4.7 | 3.7 | 4.2 | 4.2 |
| Debt to Equity ⓘ | 4.1 | 5.2 | 0.2 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 456 | 488 | 183 | 198 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 156 | 230 | 74 | 76 | 0 |
Sales growth is growing at healthy rate in last 3 years 91.58%
Net Profit is growing at healthy rate in last 3 years 189.54%
Return on Equity has declined versus last 3 years average to 8.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | - |
| TTM Sales (₹ Cr.) | 26.7 | - |
| BVPS (₹.) ⓘ | 33.5 | - |
| Reserves (₹ Cr.) ⓘ | 10 | - |
| P/BV ⓘ | 1.52 | - |
| PE ⓘ | 19.04 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 21.5 |
| Equity (₹ Cr.) | 4.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 5.75 | 3.80 | 4.93 | 22.46 | 26.72 |
| Operating Expenses ⓘ | 5.20 | 3.54 | 4.82 | 21.04 | 25.10 |
| Manufacturing Costs | 0.66 | 0.41 | 0.29 | 0.60 | 0.68 |
| Material Costs | 3.75 | 2.72 | 3.83 | 17.72 | 20.58 |
| Employee Cost | 0.36 | 0.27 | 0.28 | 0.30 | 0.72 |
| Other Costs ⓘ | 0.43 | 0.13 | 0.41 | 2.41 | 3.12 |
| Operating Profit ⓘ | 0.55 | 0.26 | 0.12 | 1.43 | 1.63 |
| Operating Profit Margin (%) | 9.5% | 6.9% | 2.4% | 6.3% | 6.1% |
| Other Income ⓘ | 0 | 0.04 | 0.72 | 0.03 | 0.16 |
| Interest ⓘ | 0.14 | 0.12 | 0.10 | 0.10 | 0.07 |
| Depreciation ⓘ | 0.21 | 0.18 | 0.23 | 0.26 | 0.26 |
| Exceptional Items ⓘ | -0.08 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.13 | 0.01 | 0.50 | 1.09 | 1.45 |
| Tax ⓘ | -0.03 | 0 | 0.28 | 0.26 | 0.32 |
| Profit After Tax | 0.16 | 0.01 | 0.23 | 0.83 | 1.13 |
| PAT Margin (%) | 2.8% | 0.2% | 4.7% | 3.7% | 4.2% |
| Adjusted EPS (₹) | 2.6 | 0.1 | 0.8 | 2.0 | 2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.63 | 0.63 | 5.02 | 13.06 | 14.19 | |||||
| Share Capital ⓘ | 0.01 | 0.01 | 3.04 | 4.23 | 4.23 | |||||
| Reserves ⓘ | 0.62 | 0.62 | 1.98 | 8.83 | 9.96 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 2.58 | 3.29 | 1.06 | 0.94 | 0.80 | |||||
| Long Term Debt | 2.41 | 3.24 | 0.95 | 0.81 | 0.72 | |||||
| Short Term Debt | 0.17 | 0.05 | 0.11 | 0.13 | 0.08 | |||||
| Trade Payables | 3.31 | 2.71 | 4.05 | 4.39 | 4.29 | |||||
| Others Liabilities ⓘ | 0.07 | 0.05 | 1.11 | 0.81 | 0.44 | |||||
| Total Liabilities ⓘ | 6.58 | 6.69 | 11.24 | 19.19 | 19.71 | |||||
Fixed Assets | ||||||||||
| Gross Block | 1.76 | 2.69 | 2.88 | 2.92 | 3.09 | |||||
| Accumulated Depreciation | 0.39 | 0.57 | 0.79 | 1.05 | 1.31 | |||||
| Net Fixed Assetsⓘ | 1.37 | 2.13 | 2.09 | 1.87 | 1.78 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 0 | 0 | 0 | 0.09 | 0.04 | |||||
| Trade Receivables | 5.09 | 4.39 | 8.64 | 9.56 | 11.01 | |||||
| Cash Equivalents | 0.12 | 0.16 | 0.37 | 3.57 | 2.72 | |||||
| Others Assetsⓘ | 0 | 0.01 | 0.14 | 4.10 | 4.17 | |||||
| Total Assets ⓘ | 6.58 | 6.69 | 11.24 | 19.19 | 19.71 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.27 | 1.09 | -3.62 | -3.86 | -0.52 |
| PBT ⓘ | 0.13 | 0.01 | 0.50 | 1.09 | 1.45 |
| Adjustment ⓘ | 0.35 | 0.30 | 0.34 | 0.36 | 0.33 |
| Changes in Working Capital ⓘ | -0.7 | 0.79 | -4.3 | -5.05 | -1.93 |
| Tax Paid ⓘ | -0.05 | -0.01 | -0.16 | -0.27 | -0.37 |
| Cash Flow From Investing Activity ⓘ | 0.32 | -0.93 | -0.19 | -0.04 | -0.17 |
| Capex | 0.32 | -0.93 | -0.19 | -0.04 | -0.17 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -0.14 | -0.12 | 4.02 | 7.11 | -0.16 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 4.72 | 7.21 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.14 | -0.12 | -0.10 | -0.10 | -0.07 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -0.60 | 0 | -0.09 |
| Net Cash Flow ⓘ | -0.09 | 0.04 | 0.21 | 3.20 | -0.85 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 25.41 | 1.1 | 8.13 | 9.18 | 8.3 | |||||
| ROCE (%) | 8.31 | 3.55 | 12.15 | 11.85 | 10.49 | |||||
| Asset Turnover Ratio | 0.87 | 0.57 | 0.55 | 1.48 | 1.37 | |||||
| PAT to CFO Conversion(x) | -1.69 | 109 | -15.74 | -4.65 | -0.46 | Working Capital Days | ||||
| Receivable Days | 323 | 456 | 482 | 148 | 140 | |||||
| Inventory Days | 0 | 0 | 0 | 1 | 1 | |||||
| Payable Days | 322 | 403 | 322 | 87 | 77 | |||||
The company was originally incorporated as “Rite Zone Chemicals India Private Limited” on March 10, 2015, as a private limited company under the provisions of the Companies Act, 2013 pursuant to Certificate of Incorporation issued by Registrar of Companies, Maharashtra, Mumbai. Subsequently, the Company pursuant to shareholder’s resolution passed at the Extra-Ordinary General Meeting held on April 7, 2022 changed the name of the Company from “Rite Zone Chemicals India Private Limited” to “Rite Zone Chemcon India Private Limited”. The Company was converted into a Public Limited Company pursuant to special resolution passed by shareholders at the Extra-Ordinary General Meeting of the Company held on May 18, 2022 and the name of the Company was changed to “Rite Zone Chemcon India Limited”. A Fresh Certificate of Incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai, Maharashtra on June 2, 2022.
Incorporated in 2015, the company is ISO 9001:2015 certified company and deal in range of construction chemicals and concrete products. It offers complete construction solution by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well supplying all types of concrete required for construction and infrastructure developments. The construction chemicals are chemical compounds used in construction works. They are used to speed up the process or add more sustainability and strength to the structures. The addition of construction chemicals to various building materials during the construction work improves performance, workability, adds functionality, and protects the basic or customized elements of a structure.
Business area of the company
The company deals in a range of construction chemicals and concrete products. The company’s range of products includes concrete admixture, water proofing systems, concrete lubricator, engineering grouts, industrial flooring, concrete repairs, curing compound & mould release agent, surface treatment, tiling & block products. The company also deals in range of concrete products such as slump concrete, flowable concrete, self-compaction concrete (SCC), Light Weight Concrete, Stamp Concrete, Color Concrete, PQC Concrete, Early Strength Concrete, Reinforce Concrete, Shotcrete Concrete, Precast Concrete, Pile Concrete, Air Entrench Concrete, Prestressed Concrete, High Strength Concrete Etc.
Major Events and Milestone
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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