BSE: 0 | NSE: RILINFRA | Engineering - Construction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Rachana Infrastructure Ltd is a average quality company.
The key valuation ratios of Rachana Infrastructure 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 Rachana Infrastructure 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.9% | 21.2% | 16.3% | 11.7% | 8.2% | 8% | - |
| Value Creation Index ⓘ | 0.4 | 0.5 | 0.2 | -0.2 | -0.4 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 112 | 154 | 104 | 63.2 | 63.5 | 91.5 | 91 |
| Sales YoY Gr. | - | 37.7% | -32.8% | -39.1% | 0.5% | 44% | - |
| Adj EPS ⓘ | 3 | 3.9 | 2.5 | 1.4 | 1.2 | 1.9 | 2 |
| YoY Gr. | - | 30.1% | -35.8% | -44.1% | -14.5% | 58.5% | - |
| BVPS (₹) ⓘ | 18 | 21.9 | 24.9 | 24.8 | 42.7 | 44.7 | 44.7 |
| Adj Net Profit ⓘ | 4.7 | 6.1 | 3.9 | 2.2 | 2.2 | 3.5 | 4 |
| Cash Flow from Ops. ⓘ | 8.6 | -2.5 | -37.2 | 6.4 | -7.9 | 11.5 | - |
| Debt/CF from Ops. ⓘ | 4.1 | -13 | -0.6 | 2.9 | -0.9 | 0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | -4% | -4.1% | 44% | ||||
| Adj EPS ⓘ | NA | -8.8% | -8.9% | 58.5% | ||||
| BVPSⓘ | NA | 19.9% | 21.5% | 4.6% | ||||
| Share Price | - | - | - | -52% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.4 | 19.3 | 9.1 | 4.3 | 3.1 | 3.8 | 4.4 |
| Op. Profit Mgn % ⓘ | 13.7 | 8.9 | 9 | 9.7 | 9.5 | 7.9 | NAN |
| Net Profit Mgn % ⓘ | 4.2 | 3.9 | 3.8 | 3.5 | 3.5 | 3.8 | 4 |
| Debt to Equity ⓘ | 1.2 | 1 | 0.5 | 0.5 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 151 | 241 | 376 | 451 | 348 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 52 | 74 | 81 | 74 | 71 | 0 |
Return on Equity has increased versus last 3 years average to 4.40%
Sales growth has been subdued in last 3 years -4.12%
Net Profit has been subdued in last 3 years -8.86%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2 | - |
| TTM Sales (₹ Cr.) | 91.5 | - |
| BVPS (₹.) ⓘ | 44.7 | - |
| Reserves (₹ Cr.) ⓘ | 65 | - |
| P/BV ⓘ | 1.02 | - |
| PE ⓘ | 23.36 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 84.8 |
| Equity (₹ Cr.) | 18.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 112.10 | 154.38 | 103.79 | 63.20 | 63.52 | 91.48 |
| Operating Expenses ⓘ | 96.79 | 140.73 | 94.42 | 57.14 | 57.49 | 84.38 |
| Manufacturing Costs | 56.57 | 127.59 | 84.97 | 49.48 | 31.06 | 67.74 |
| Material Costs | 26.22 | -1.21 | -0.25 | -1.22 | 17.94 | 7.82 |
| Employee Cost | 7.02 | 6.84 | 5.87 | 5.73 | 5.38 | 5.78 |
| Other Costs ⓘ | 6.99 | 7.50 | 3.82 | 3.15 | 3.12 | 3.03 |
| Operating Profit ⓘ | 15.31 | 13.64 | 9.37 | 6.06 | 6.02 | 7.10 |
| Operating Profit Margin (%) | 13.7% | 8.8% | 9.0% | 9.6% | 9.5% | 7.8% |
| Other Income ⓘ | 1.83 | 4.03 | 3.27 | 2.86 | 1.71 | 2.49 |
| Interest ⓘ | 6.47 | 5.68 | 5.03 | 3.94 | 2.83 | 2.59 |
| Depreciation ⓘ | 4.49 | 3.80 | 2.29 | 2.05 | 1.86 | 2.46 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 6.18 | 8.19 | 5.32 | 2.93 | 3.04 | 4.54 |
| Tax ⓘ | 1.52 | 2.22 | 0.62 | 0.72 | 0.78 | 0.91 |
| Profit After Tax | 4.66 | 5.97 | 4.70 | 2.21 | 2.26 | 3.63 |
| PAT Margin (%) | 4.2% | 3.9% | 4.5% | 3.5% | 3.6% | 4.0% |
| Adjusted EPS (₹) | 3.0 | 3.8 | 3.0 | 1.4 | 1.2 | 2.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 28.44 | 34.55 | 51.55 | 49.90 | 90.24 | 93.81 | ||||
| Share Capital ⓘ | 5.26 | 5.26 | 5.26 | 15.78 | 18.61 | 18.61 | ||||
| Reserves ⓘ | 23.18 | 29.29 | 46.29 | 34.12 | 71.63 | 75.20 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 27.19 | 28.81 | 17.21 | 15.42 | 5.12 | 6.53 | ||||
| Long Term Debt | 17.92 | 18.65 | 9.76 | 11.04 | 5.14 | 6.53 | ||||
| Short Term Debt | 9.27 | 10.16 | 7.45 | 4.38 | -0.02 | 0 | ||||
| Trade Payables | 1.34 | 24.10 | 3.52 | 14.65 | 4.68 | 13.60 | ||||
| Others Liabilities ⓘ | 21.70 | 17.28 | 18.57 | 22.16 | 13.24 | 10.63 | ||||
| Total Liabilities ⓘ | 78.68 | 104.74 | 90.84 | 102.13 | 113.29 | 124.57 | ||||
Fixed Assets | ||||||||||
| Gross Block | 41.42 | 40.47 | 34.24 | 35.15 | 35.18 | 38.24 | ||||
| Accumulated Depreciation | 23.38 | 25.88 | 23.75 | 24.41 | 25.44 | 26.29 | ||||
| Net Fixed Assetsⓘ | 18.04 | 14.59 | 10.50 | 10.75 | 9.74 | 11.94 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 9.67 | 9.69 | 21.94 | 17.90 | 17.67 | 17.49 | ||||
| Inventories | 1.75 | 2.96 | 3.21 | 4.43 | 3.93 | 3.89 | ||||
| Trade Receivables | 23.57 | 43.75 | 22.90 | 17.51 | 21.92 | 25.61 | ||||
| Cash Equivalents | 2.24 | 1.07 | 0.62 | 0.97 | 1.58 | 4.93 | ||||
| Others Assetsⓘ | 23.42 | 32.67 | 31.67 | 50.56 | 58.44 | 60.71 | ||||
| Total Assets ⓘ | 78.68 | 104.74 | 90.84 | 102.13 | 113.29 | 124.57 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 8.63 | -2.54 | -37.15 | 6.35 | -7.87 | 11.46 |
| PBT ⓘ | 6.18 | 8.22 | 5.32 | 2.93 | 3.04 | 4.54 |
| Adjustment ⓘ | 4.37 | 3.85 | 1.23 | 5.42 | 4.69 | 4.57 |
| Changes in Working Capital ⓘ | -1.92 | -14.61 | -43.7 | -1 | -14.97 | 3.29 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | -0.63 | -0.95 |
| Cash Flow From Investing Activity ⓘ | -3.71 | -0.23 | 2.90 | -2.16 | -10.07 | -3.56 |
| Capex | -3.71 | -0.23 | 0 | -2.16 | -0.59 | -4.30 |
| Net Investments | 0 | 0 | 2.92 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -0.02 | 0 | -9.47 | 0.74 |
| Cash Flow From Financing Activityⓘ | -3.56 | 1.61 | 34.14 | -3.83 | 18.54 | -4.55 |
| Net Proceeds from Shares ⓘ | 1 | 0 | 0 | 0 | 38.14 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.24 | 0.73 | -4.39 | 0.78 | -10.73 | -0.62 |
| Interest Paid ⓘ | 0 | 0 | 0 | -3.94 | -2.83 | -2.59 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4.80 | 0.88 | 38.53 | -0.68 | -6.03 | -1.33 |
| Net Cash Flow ⓘ | 1.36 | -1.16 | -0.12 | 0.35 | 0.61 | 3.35 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.4 | 18.96 | 12.73 | 5.63 | 3.81 | 4.46 | ||||
| ROCE (%) | 19.94 | 21.19 | 16.26 | 11.73 | 8.17 | 7.97 | ||||
| Asset Turnover Ratio | 1.42 | 1.68 | 1.06 | 0.65 | 0.59 | 0.77 | ||||
| PAT to CFO Conversion(x) | 1.85 | -0.43 | -7.9 | 2.87 | -3.48 | 3.16 | Working Capital Days | |||
| Receivable Days | 77 | 80 | 117 | 117 | 113 | 95 | ||||
| Inventory Days | 6 | 6 | 11 | 22 | 24 | 16 | ||||
| Payable Days | 19 | -3,850 | 0 | -2,706 | 197 | 426 | ||||
Rachana Infrastructure was originally incorporated as ‘Rachana Infrastructure Limited’ as Public Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 29, 2001 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.
Rachana Infrastructure is one of the mid-size private sector company engaged in the business of Construction of Road projects on Bill of Quantities (BOQ) and EPC basis. In the very initial periods, the company got the contracts from the Government (Zilla Panchayat) at a very small scale. In addition, it got sub contracts from the infrastructure Companies from Gujarat, Maharashtra and many other states. Over a period of time, the company got expertise in the traditional construction of Buildings, Road Construction, Irrigation, Hydro power Project and Mining. With time and experience, it started expanding its business in the other states of the India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.
The company has successfully completed many projects in various departments of Government of India. It benefited significantly from the experience and relationship established by its Promoters. The company has an established track record of executing projects with over 02 decades of experience in construction activities. Some of its satisfied clients are Public Works Department of Madhya Pradesh, Road and Building Department of Gujarat State, Madhya Pradesh Road Development Corporation, Power Grid Corporation of India, Gujarat Minerals Development Corporation, Road Construction Department of Jharkhand, ONGC Petro-Additions Limited, Ahmedabad Municipal Corporation, and Ahmedabad Urban Development Corporation etc.
With good credential and qualification criteria, the company has been awarded and has undertaken Major Projects, Financed by State Government, Central Government and also International Banks like Asian Development Bank. Over the years, it has acquired resources with vertical integration like it has its own stone mines and stone crushers for basic excavation of stone aggregate which is the core and basic material for all road infrastructure construction.
Business area of the company
The company holds expertise in large scale Roads, Irrigation and Building Projects. Along with Government Tenders, the company is also engaged in Private Projects of Building work, Roads work and Industrial parks. Contact us for any large construction and Development projects for Roads and Buildings.
Major events, Key Awards, Accreditations or Recognition
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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