Past 10 year's financial track record analysis by Moneyworks4me indicates that Rajeshwari Cans Ltd is a average quality company.
The key valuation ratios of Rajeshwari Cans Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rajeshwari Cans 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 % ⓘ | 11.4% | 10.8% | 9.6% | 8.4% | 15.1% | 16% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | -0.3 | -0.4 | 0.1 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 21.3 | 22.1 | 19.8 | 25.2 | 32.7 | 34.6 | 35 |
| Sales YoY Gr. | - | 3.6% | -10.6% | 27.3% | 29.8% | 5.9% | - |
| Adj EPS ⓘ | 0.8 | 0.9 | 0.7 | 0.7 | 2 | 2.5 | 2.5 |
| YoY Gr. | - | 6% | -24.7% | 9% | 179.5% | 24% | - |
| BVPS (₹) ⓘ | 10.8 | 11.7 | 11.7 | 14.6 | 16.6 | 19.1 | 19.1 |
| Adj Net Profit ⓘ | 0.2 | 0.2 | 0.2 | 0.4 | 1.1 | 1.3 | 1 |
| Cash Flow from Ops. ⓘ | 0.5 | 0.6 | 1 | -1.8 | 3.3 | 2.4 | - |
| Debt/CF from Ops. ⓘ | 12.4 | 10.9 | 6.4 | -3.7 | 1.5 | 1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 10.2% | 20.5% | 5.9% | ||||
| Adj EPS ⓘ | NA | 24.7% | 55.7% | 24% | ||||
| BVPSⓘ | NA | 12% | 17.9% | 15.2% | ||||
| Share Price | - | - | 198.3% | 277.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.8 | 7.9 | 7.3 | 6.7 | 13.1 | 14.1 | 13.2 |
| Op. Profit Mgn % ⓘ | 8 | 7.3 | 7.7 | 6.5 | 8.4 | 8.2 | NAN |
| Net Profit Mgn % ⓘ | 0.7 | 0.8 | 1.1 | 1.5 | 3.3 | 3.8 | 3.8 |
| Debt to Equity ⓘ | 3.2 | 2.9 | 1.7 | 0.9 | 0.6 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 132 | 153 | 162 | 133 | 120 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 49 | 45 | 61 | 57 | 42 | 0 |
Return on Equity has increased versus last 3 years average to 13.20%
Sales growth is growing at healthy rate in last 3 years 20.51%
Net Profit is growing at healthy rate in last 3 years 55.72%
Debt to equity has declined versus last 3 years average to 0.38
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.5 | - |
| TTM Sales (₹ Cr.) | 34.6 | - |
| BVPS (₹.) ⓘ | 19.1 | - |
| Reserves (₹ Cr.) ⓘ | 5 | - |
| P/BV ⓘ | 28.43 | - |
| PE ⓘ | 215.27 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 105.00 / 705.00 |
| All Time Low / High (₹) | 17.00 / 705.00 |
| Market Cap (₹ Cr.) | 285 |
| Equity (₹ Cr.) | 5.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 25 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 21 | 22 | 20 | 25 | 33 | 35 |
| Operating Expenses ⓘ | 20 | 20 | 18 | 24 | 30 | 32 |
| Manufacturing Costs | 2 | 3 | 2 | 3 | 4 | 4 |
| Material Costs | 14 | 13 | 12 | 17 | 21 | 23 |
| Employee Cost | 3 | 3 | 3 | 4 | 4 | 4 |
| Other Costs ⓘ | 1 | 1 | 1 | 1 | 1 | 1 |
| Operating Profit ⓘ | 2 | 2 | 2 | 2 | 3 | 3 |
| Operating Profit Margin (%) | 8.0% | 7.3% | 7.7% | 6.5% | 8.4% | 8.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 1 | 2 | 2 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | 0 | 0 | 0 | 0 | 1 | 1 |
| PAT Margin (%) | 0.7% | 0.8% | 1.1% | 1.5% | 3.3% | 3.8% |
| Adjusted EPS (₹) | 0.8 | 0.9 | 0.7 | 0.7 | 2.0 | 2.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 34% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 2 | 4 | 8 | 9 | 10 | ||||
| Share Capital ⓘ | 2 | 2 | 3 | 5 | 5 | 5 | ||||
| Reserves ⓘ | 0 | 0 | 1 | 2 | 3 | 5 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 6 | 6 | 6 | 6 | 5 | 3 | ||||
| Long Term Debt | 3 | 4 | 4 | 3 | 4 | 3 | ||||
| Short Term Debt | 3 | 2 | 2 | 3 | 1 | 0 | ||||
| Trade Payables | 4 | 4 | 5 | 4 | 5 | 7 | ||||
| Others Liabilities ⓘ | 1 | 1 | 1 | 1 | 1 | 2 | ||||
| Total Liabilities ⓘ | 13 | 12 | 15 | 19 | 19 | 22 | ||||
Fixed Assets | ||||||||||
| Gross Block | 5 | 4 | 8 | 8 | 10 | 12 | ||||
| Accumulated Depreciation | 1 | 0 | 2 | 3 | 3 | 4 | ||||
| Net Fixed Assetsⓘ | 4 | 4 | 5 | 5 | 7 | 8 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 4 | 2 | 4 | 7 | 7 | 5 | ||||
| Trade Receivables | 4 | 4 | 4 | 4 | 2 | 5 | ||||
| Cash Equivalents | 0 | 1 | 1 | 1 | 0 | 0 | ||||
| Others Assetsⓘ | 1 | 1 | 2 | 3 | 1 | 1 | ||||
| Total Assets ⓘ | 13 | 12 | 15 | 19 | 19 | 22 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 1 | 1 | -2 | 3 | 2 |
| PBT ⓘ | 0 | 0 | 0 | 1 | 2 | 2 |
| Adjustment ⓘ | 1 | 1 | 1 | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | -1 | -1 | -1 | -3 | 1 | -0 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -2 | 0 | -4 | -2 |
| Capex | -1 | -1 | -2 | 0 | -2 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | -1 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 1 | 2 | 0 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 2 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 1 | 0 | -1 | 1 | 0 |
| Interest Paid ⓘ | -1 | -1 | -1 | -1 | -1 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 0 | 0 | 2 | 0 | 0 |
| Net Cash Flow ⓘ | -1 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.77 | 7.86 | 7.25 | 6.66 | 13.02 | 14.14 | ||||
| ROCE (%) | 11.44 | 10.79 | 9.6 | 8.37 | 15.12 | 16 | ||||
| Asset Turnover Ratio | 1.62 | 1.74 | 1.44 | 1.48 | 1.72 | 1.7 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 3 | 2 | Working Capital Days | |||
| Receivable Days | 62 | 64 | 70 | 52 | 34 | 42 | ||||
| Inventory Days | 74 | 54 | 57 | 78 | 78 | 65 | ||||
| Payable Days | 108 | 109 | 134 | 101 | 77 | 91 | ||||
Rajeshwari Cans is engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material. It supplies the tin containers to its customers engaged in the business of tobacco manufacturing and paint manufacturing. The company also performs printing work on tin sheets supplied by its customers. For Expansion, the company purchased the premises at Shree Ganesh Industrial Estate for manufacturing printed round tin containers of 50 gm which is used by snuff manufacturers. The company is enhancing product range as well as client base so the dependency on single customer for sale can be avoided.
The company carry on all of its manufacturing activities at factory situated at Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate and there are no substantial dependence external sources for manufacturing of printed round tin containers. Further, all other utilities like fuel, power and human resources have posed no hurdle till date. The company has adopted labour friendly approach by providing residential accommodation in the factory premises and production linked remuneration policy apart from fixed salary to increase the operational efficiency. This has provided boost to the employee to work hard to get more output of the product which ultimately provide more remuneration to them and also due of the residential accommodation in the factory premises the absenteeism of labour is minimized and resulted into increased productions.
Business area of the company
At present, the company is manufacturing the printed round tin containers of different capacity ranging from 50 gm to 500 gm for single customer to be used for packing tobacco. Apart from Manufacturing the Tins, the company also carry out color printing on the sheets as per specifications provided by the customers. The company also does print job on the empty tins as per the specifications provided by the customers. The ink required for printing must have good adhesion and mechanical properties.
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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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