Past 10 year’s financial track record analysis by Moneyworks4me indicates that Retina Paints Ltd is a below average quality company.
The key valuation ratios of Retina Paints 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 Retina Paints 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 % ⓘ | 6.3% | 8% | 7.5% | 6.5% | 7.9% | - |
| Value Creation Index ⓘ | -0.6 | -0.4 | -0.5 | -0.5 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 6.8 | 6.9 | 7.3 | 10.9 | 11.7 | 12 |
| Sales YoY Gr. | - | 0.9% | 6% | 50.5% | 6.6% | - |
| Adj EPS ⓘ | 0.5 | 0.3 | 0.4 | 0.3 | 0.5 | 0.5 |
| YoY Gr. | - | -28.3% | 27.3% | -31% | 82.8% | - |
| BVPS (₹) ⓘ | 6.1 | 6.4 | 6.4 | 12.2 | 15.9 | 15.9 |
| Adj Net Profit ⓘ | 0.1 | 0.1 | 0.2 | 0.3 | 0.7 | 1 |
| Cash Flow from Ops. ⓘ | -1.5 | -2.5 | -0.3 | -1.3 | -8.6 | - |
| Debt/CF from Ops. ⓘ | -2.2 | -2.5 | -23.1 | -3.4 | -0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 19.3% | 6.6% | ||||
| Adj EPS ⓘ | NA | NA | 17.1% | 82.8% | ||||
| BVPSⓘ | NA | NA | 35% | 30% | ||||
| Share Price | - | - | - | 20.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.3 | 5.2 | 9.4 | 4.1 | 4.2 | 3.3 |
| Op. Profit Mgn % ⓘ | 5 | 7.4 | 8 | 7.5 | -30.6 | NAN |
| Net Profit Mgn % ⓘ | 1 | 0.7 | 2.2 | 2.8 | 6.3 | 6.3 |
| Debt to Equity ⓘ | 3.7 | 6.6 | 2.5 | 0.3 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 307 | 360 | 296 | 512 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 150 | 219 | 152 | 347 | 0 |
Sales growth is growing at healthy rate in last 3 years 19.34%
Net Profit is growing at healthy rate in last 3 years 17.11%
Debt to equity has declined versus last 3 years average to 0.31
Return on Equity has declined versus last 3 years average to 3.30%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.5 | - |
| TTM Sales (₹ Cr.) | 11.7 | - |
| BVPS (₹.) ⓘ | 15.9 | - |
| Reserves (₹ Cr.) ⓘ | 8 | - |
| P/BV ⓘ | 4.30 | - |
| PE ⓘ | 127.97 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 50.00 / 97.50 |
| All Time Low / High (₹) | 28.00 / 97.50 |
| Market Cap (₹ Cr.) | 95 |
| Equity (₹ Cr.) | 13.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 51 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 6.80 | 6.86 | 7.27 | 10.94 | 11.66 |
| Operating Expenses ⓘ | 6.46 | 6.35 | 6.69 | 10.12 | 15.23 |
| Manufacturing Costs | 0.39 | 0.26 | 0.42 | 0.66 | 1.25 |
| Material Costs | 3.40 | 3.78 | 4.10 | 6.19 | 5.42 |
| Employee Cost | 0.77 | 0.59 | 0.51 | 0.89 | 3.08 |
| Other Costs ⓘ | 1.90 | 1.73 | 1.66 | 2.37 | 5.48 |
| Operating Profit ⓘ | 0.34 | 0.50 | 0.58 | 0.82 | -3.57 |
| Operating Profit Margin (%) | 5.0% | 7.3% | 8.0% | 7.5% | -30.6% |
| Other Income ⓘ | 0.01 | 0 | 0.09 | 0.30 | 5.67 |
| Interest ⓘ | 0.18 | 0.36 | 0.34 | 0.40 | 0.76 |
| Depreciation ⓘ | 0.07 | 0.06 | 0.10 | 0.31 | 0.30 |
| Exceptional Items ⓘ | -0.03 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.08 | 0.09 | 0.23 | 0.41 | 1.04 |
| Tax ⓘ | 0.03 | 0.04 | 0.08 | 0.11 | 0.29 |
| Profit After Tax | 0.05 | 0.05 | 0.16 | 0.30 | 0.74 |
| PAT Margin (%) | 0.7% | 0.7% | 2.2% | 2.7% | 6.4% |
| Adjusted EPS (₹) | 0.3 | 0.3 | 0.4 | 0.3 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.91 | 0.95 | 2.37 | 12.48 | 22.10 | |||||
| Share Capital ⓘ | 0.72 | 0.72 | 1.85 | 10.24 | 13.94 | |||||
| Reserves ⓘ | 0.19 | 0.23 | 0.52 | 2.24 | 8.16 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 3.18 | 6.13 | 5.86 | 3.98 | 6.45 | |||||
| Long Term Debt | 1.89 | 4.40 | 4.04 | 2.15 | 2.45 | |||||
| Short Term Debt | 1.28 | 1.72 | 1.82 | 1.83 | 4 | |||||
| Trade Payables | 1.95 | 2.09 | 2.38 | 2.57 | 3.43 | |||||
| Others Liabilities ⓘ | 0.65 | 0.68 | 0.99 | 1.02 | 2.47 | |||||
| Total Liabilities ⓘ | 6.69 | 9.85 | 11.60 | 20.06 | 34.45 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0.82 | 1.01 | 2.47 | 10.51 | 12.58 | |||||
| Accumulated Depreciation | 0.55 | 0.51 | 0.62 | 0.94 | 1.05 | |||||
| Net Fixed Assetsⓘ | 0.27 | 0.50 | 1.85 | 9.57 | 11.52 | |||||
| CWIP ⓘ | 0.22 | 2.54 | 1.88 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 2.26 | 2.57 | 3.29 | 3.83 | 6.87 | |||||
| Trade Receivables | 2.86 | 3.69 | 3.69 | 4.17 | 11.39 | |||||
| Cash Equivalents | 0.14 | 0.08 | 0.24 | 0.36 | 0.36 | |||||
| Others Assetsⓘ | 0.94 | 0.46 | 0.67 | 2.12 | 4.31 | |||||
| Total Assets ⓘ | 6.69 | 9.85 | 11.60 | 20.06 | 34.45 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1.45 | -2.51 | -0.25 | -1.26 | -8.57 |
| PBT ⓘ | 0.11 | 0.09 | 0.23 | 0.41 | 1.04 |
| Adjustment ⓘ | 0.23 | 0.41 | 0.43 | 0.70 | 0.85 |
| Changes in Working Capital ⓘ | -1.75 | -2.97 | -0.84 | -2.27 | -10.36 |
| Tax Paid ⓘ | -0.03 | -0.04 | -0.08 | -0.09 | -0.09 |
| Cash Flow From Investing Activity ⓘ | -0.20 | -0.29 | -0.13 | -6.16 | -2.09 |
| Capex | -0.21 | -0.29 | -0.13 | -6.16 | -2.25 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0 | 0 | 0 | 0.15 |
| Cash Flow From Financing Activityⓘ | 1.62 | 2.74 | 0.54 | 7.54 | 10.65 |
| Net Proceeds from Shares ⓘ | 0.50 | 0 | 1.13 | 9.81 | 8.87 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -1.89 | 0.30 |
| Interest Paid ⓘ | -0.17 | -0.35 | -0.33 | -0.39 | -0.69 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.30 | 3.09 | -0.26 | 0.01 | 2.17 |
| Net Cash Flow ⓘ | -0.02 | -0.06 | 0.15 | 0.13 | -0.01 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.34 | 5.05 | 9.48 | 4.05 | 4.29 | |||||
| ROCE (%) | 6.27 | 7.99 | 7.45 | 6.45 | 7.87 | |||||
| Asset Turnover Ratio | 1.24 | 0.91 | 0.68 | 0.69 | 0.43 | |||||
| PAT to CFO Conversion(x) | -29 | -50.2 | -1.56 | -4.2 | -11.58 | Working Capital Days | ||||
| Receivable Days | 125 | 158 | 185 | 131 | 244 | |||||
| Inventory Days | 99 | 116 | 147 | 119 | 168 | |||||
| Payable Days | 209 | 195 | 199 | 146 | 202 | |||||
Retina Paints was originally incorporated on November 01, 2010 as a Private Limited Company as ‘Retina Paints Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh. Later in the year 2022, pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on December 05, 2022, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to ‘Retina Paints Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 26, 2022 by the Registrar of Companies, Hyderabad.
Retina Paints Limited established in the year 2010 headquartered at Hyderabad, Telangana. The company is into manufacturing of Decorative Paints like Distempers, Primers, Wall Care Products, Emulsions, etc and further sell them to different Distributors. It sources its raw materials at present indigenously for manufacturing of Paints. Its water based paints are used for residential and for commercial buildings. It has recently introduced tinting machines in the company. The tinting machine comprises a plurality of colorant reservoirs containing colorant, one or more cleaning fluid supply conduits and one or more dispenser heads for dispensing colorant into a paint container.
The company works on B2B Business Model, it sells its products to the dealers and distributors and then they sell to the end customers. It has a huge network of Distributors in the markets of Telangana and Andhra Pradesh and it has also presence in Odisha for selling its product. It is having exposure to the markets of Telangana, Andhra Pradesh and Odissa.
Business area of the company
The company is engaged in the business of manufacturing of paints alkyed based, Epoxy based, polyurethane based, water based, emulsions-based distempers of all types, primers, anti-corrosive primers, and paints for decorative and specially applications.
Products of the company
History and milestones
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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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