Radhe Developers (India) Ltd - Stock Valuation and Financial Performance

BSE: 531273 | NSE: | Construction - Real Estate | Small Cap

Radhe Developers Share Price

3 -0.08 -2.60%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Radhe Developers

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Radhe Developers (India) stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
161.3 Cr.
52-wk low:
2.8
52-wk high:
4.9

Is Radhe Developers (India) Ltd an attractive stock to invest in?

1. Is Radhe Developers (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Radhe Developers (India) Ltd is a below average quality company.

2. Is Radhe Developers (India) Ltd undervalued or overvalued?

The key valuation ratios of Radhe Developers (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Radhe Developers (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Radhe Developers (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Radhe Developers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Radhe Developers (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -3.1%11.7%3.5%3.9%0.5%-5.7%-9.5%68.6%2.7%-4.5%-
Value Creation
Index
-1.2-0.2-0.8-0.7-1.0-1.4-1.73.9-0.8-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.316.65.51010.73.90.943.614.36.89
Sales YoY Gr.-5,245.2%-66.7%81%6.6%-63.8%-76.9%4,798.9%-67.1%-52.9%-
Adj EPS -00.1000-0-0.10.50.1-0.1-0
YoY Gr.-NA-66.7%-50%-100%NANANA-72%-164.3%-
BVPS (₹) 0.60.70.70.70.70.60.61.11111.1
Adj Net
Profit
-1.2310.6-0.1-1.9-2.725.20.7-4.5-2
Cash Flow from Ops. -3.1-52.8-25.3-0.10-8.4-9.1-18.7-
Debt/CF from Ops. -0.1-0.81.2-4.10-8.1-24.9-1.3-2.5-2.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 40.8%-8.7%96.6%-52.9%
Adj EPS NANANA-164.3%
BVPS5.5%8%19.9%-90.9%
Share Price 12.9% 33.8% -39.3% -6.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-3.79.13.11.9-0.2-5.8-8.960.31.3-8.6-3.7
Op. Profit
Mgn %
-233.525.4-4.311.25.8-34.8-246.875.210.1-41.2-2.8
Net Profit
Mgn %
-373.617.918.66.4-0.5-49.4-308.257.95-67-23.3
Debt to
Equity
00.10.10.20000.20.40.80.1
Working Cap
Days
78,5711,4203,9622,1371,9815,29823,0046332,7456,889841
Cash Conv.
Cycle
28,0135471,6469316561,8407,9601287972,412-74

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 96.57%

Sales growth is good in last 4 quarters at 133.75%

Return on Equity is Poor

Latest Financials - Radhe Developers (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -0 -0
TTM Sales (₹ Cr.) 9 0.4
BVPS (₹.) 1.1 0
Reserves (₹ Cr.) 7 11
P/BV 2.71 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 2.81 / 4.87
All Time Low / High (₹) 0.01 / 18.00
Market Cap (₹ Cr.) 161
Equity (₹ Cr.) 52.4
Face Value (₹) 1
Industry PE 72.9

Management X-Ray of Radhe Developers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Radhe Developers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales017610114144147
Operating Expenses 112691053111310
Manufacturing Costs2445111465
Material Costs-3712721000
Employee Cost 0011111112
Other Costs 2111111553
Operating Profit -14011-1-2331-3
Operating Profit Margin (%) -236.0%25.4%-4.7%11.0%5.8%-34.8%-274.0%75.2%10.1%-43.2%
Other Income 0021000010
Interest 0001000001
Depreciation 0001111011
Exceptional Items 0000000000
Profit Before Tax -14110-2-3322-5
Tax 0100000710
Profit After Tax -13110-2-3251-5
PAT Margin (%) -375.0%17.9%18.3%6.3%-0.5%-49.4%-327.0%57.9%5.0%-68.4%
Adjusted EPS (₹)0.00.10.00.00.00.0-0.10.50.1-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 31343334343229545551
Share Capital 25252525252525255050
Reserves 69899742950
Minority Interest0000000000
Debt0435010102241
Long Term Debt0011010119
Short Term Debt0424010102132
Trade Payables2122111143
Others Liabilities 38262322242627324545
Total Liabilities 7165616459605898126140

Fixed Assets

Gross Block2344453376
Accumulated Depreciation1101121022
Net Fixed Assets1243331353
CWIP 0000000000
Investments 0000000000
Inventories26242626212020234350
Trade Receivables1300000000
Cash Equivalents 3101101001
Others Assets39363133353736727785
Total Assets 7165616459605898126140

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -3-53-2500-8-9-19
PBT -14110-2-3322-5
Adjustment 0011111012
Changes in Working Capital -2-92-4512-34-11-16
Tax Paid 00-10000-700
Cash Flow From Investing Activity 0-1-200-11-2-31
Capex 0-1-200-11-2-31
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 64-12-51-1101219
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 4010-110118
Interest Paid 000000000-1
Dividend Paid 0000000000
Others 14-22-40091212
Net Cash Flow 3-200000001
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-3.79.1431.88-0.16-5.77-9.560.331.3-8.75
ROCE (%)-3.0511.693.523.920.5-5.73-9.5268.562.69-4.53
Asset Turnover Ratio00.240.090.160.170.070.020.560.130.05
PAT to CFO Conversion(x)N/A-1.673-2N/AN/AN/A-0.32-9N/A
Working Capital Days
Receivable Days1,015431075312009
Inventory Days05511,6519598051,9028,0651798392,494
Payable Days-158821,128276641114133,3665,926-5,415

Radhe Developers (India) Ltd Stock News

Radhe Developers (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Radhe Developers on 21-Nov-2024 16:59 is ₹3.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Radhe Developers stood at ₹161.3.
The latest P/E ratio of Radhe Developers as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Radhe Developers as of 21-Nov-2024 16:59 is 2.71.
The 52-week high of Radhe Developers is ₹4.87 and the 52-week low is ₹2.81.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Radhe Developers is ₹8.99 ( Cr.) .

About Radhe Developers (India) Ltd

Radhe Developers was established in the year 1990. Ever since its inception the name Radhe stands for quality, craftsmanship and expertise. The seeds of this entity were sown in the name of C Patel & Co by a farsighted and visionary man Chunibhai C Patel, having 50 years of experience in the business of construction and supervision, with an objective of promoting, construction and developing residential and commercial complexes. The history began with the founding of Jash Development Corporation in 1974 in partnership of Prafulbhai C Patel having 47 years of experience for developing a commercial unit, which was then let out. In the year 1990 Radhe Construction was established followed by Radhe Organizers, Radhe Estate Developers, Radhe Associates, Radhe Consultancy and Radhe Developers India Ltd. Together they have developed or are in the process of developing elegant, innovative and practical residential and commercial projects. Radhe Developers (India) Limited's principal activity is to construct and develop residential and commercial complexes. The residential projects include Takshshila, Mandar Bungalows and Tirthbhumi. The commercial projects include Tulsi, Ganesh Plaza and Abhinav Arcade. The ongoing projects are Emerald Park and Olympus Mall. The company operates only in India.

On January 5, 2010 the Radhe Developers decided to raise funds by launching fixed deposits of the company. The board has approved the FD text. These funds would be used for the company's upcoming projects.

Ongoing Projects:

Emerald Park – A project of luxurious farmhouses

Olympus Mall – First time in Ahmedabad a revolutionary innovation in the era of mall      

New Projects: 'Radhe Armaan' is a residential colony offering 6210 apartments of 675 sq ft each. It is located in the serene vicinity of Santej, only 8 km away from Ahmedabad. This FDI compliant scheme also offers all the essential amenities like school, hospital, shopping complex and other recreation facilities.

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