Past 10 year's financial track record analysis by Moneyworks4me indicates that IMEC Services Ltd is a average quality company.
The key valuation ratios of IMEC Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IMEC Services 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.4% | -173.6% | 2.8% | -7.9% | 24.5% | 1.4% | -12.8% | -2.8% | 4.6% | 2% | - |
| Value Creation Index ⓘ | -1.0 | -13.4 | -0.8 | -1.6 | 0.8 | -0.9 | -1.9 | -1.2 | -0.7 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 227 | 33.3 | 15.5 | 0.5 | 1.2 | 2.9 | 0.2 | 3.4 | 8.5 | 6.4 | 6 |
| Sales YoY Gr. | - | -85.3% | -53.5% | -96.7% | 133.3% | 144.5% | -91.8% | 1,304.2% | 152.8% | -24.8% | - |
| Adj EPS ⓘ | 0 | -4 | 0 | -0.1 | 0 | 0 | -0 | -0 | 0 | 0.1 | 6.1 |
| YoY Gr. | - | -40400% | NA | -600% | NA | -100% | NA | NA | NA | 800% | - |
| BVPS (₹) ⓘ | 11.8 | 0.4 | 0.6 | 0.6 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 8.6 | 8.8 |
| Adj Net Profit ⓘ | 0.1 | -20.2 | 0.1 | -0.2 | 0.1 | 0 | -0.2 | 0 | 0.1 | 0 | 1 |
| Cash Flow from Ops. ⓘ | 3.4 | 0.5 | 0.6 | -1.3 | 0 | -0.3 | 0 | 0.1 | 0.5 | 0.1 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -32.7% | 40% | 198.9% | -24.8% | ||||
| Adj EPS ⓘ | 27.7% | 55.2% | NA | 800% | ||||
| BVPSⓘ | -3.4% | 89.8% | 202.8% | 2590.6% | ||||
| Share Price | 23.4% | 86.7% | 185.7% | 2256.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.1 | -66.3 | 2.5 | -7.9 | 2.1 | 0.8 | -12.9 | -2.9 | 4.1 | 1.1 | 70 |
| Op. Profit Mgn % ⓘ | 0.1 | 0 | 0.1 | -49.8 | 47.3 | 0.4 | -93.2 | -1.9 | 1 | 0.6 | 17.3 |
| Net Profit Mgn % ⓘ | 0 | -60.5 | 0.4 | -46.9 | 4.1 | 0.5 | -90.1 | -1.3 | 0.8 | 0.3 | 20.2 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 28 | 181 | 361 | 6,837 | 763 | 380 | 6,558 | 383 | 185 | 230 | 67 |
| Cash Conv. Cycle ⓘ | 2 | 7 | -6 | -5,073 | -2,124 | 17 | -986 | -229 | -86 | -181 | 38 |
Return on Equity has increased versus last 3 years average to 70.00%
Sales growth is growing at healthy rate in last 3 years 198.92%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -36.37%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.1 | 1,578.2 |
| TTM Sales (₹ Cr.) | 5.7 | 6.4 |
| BVPS (₹.) ⓘ | 8.8 | 8.6 |
| Reserves (₹ Cr.) ⓘ | - | - |
| P/BV ⓘ | 4.75 | 4.83 |
| PE ⓘ | 6.84 | 0.03 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.70 / 41.59 |
| All Time Low / High (₹) | 0.60 / 50.00 |
| Market Cap (₹ Cr.) | 7.9 |
| Equity (₹ Cr.) | 1.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 63.7 |
| Pledged * | 66.04 | 66.04 | 66.04 | 74.84 | 74.84 | 74.84 | 65.48 | 65.48 | 65.48 | 65.48 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 226.76 | 33.31 | 15.49 | 0.51 | 1.19 | 2.91 | 0.24 | 3.37 | 8.52 | 6.41 |
| Operating Expenses ⓘ | 226.61 | 86.10 | 15.48 | 0.77 | 0.63 | 2.90 | 0.47 | 3.43 | 8.43 | 6.38 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 225.99 | 32.57 | 14.84 | 0 | 0 | 2.39 | 0 | 1.22 | 4.70 | 2.30 |
| Employee Cost | 0.29 | 0.31 | 0.37 | 0.27 | 0.15 | 0.16 | 0.16 | 0.28 | 0.87 | 0.92 |
| Other Costs ⓘ | 0.33 | 53.22 | 0.28 | 0.49 | 0.48 | 0.35 | 0.30 | 1.93 | 2.86 | 3.16 |
| Operating Profit ⓘ | 0.15 | -52.79 | 0.01 | -0.25 | 0.56 | 0.01 | -0.23 | -0.06 | 0.09 | 0.04 |
| Operating Profit Margin (%) | 0.1% | -158.0% | 0.1% | -49.8% | 47.3% | 0.4% | -93.2% | -1.9% | 1.0% | 0.6% |
| Other Income ⓘ | 0.09 | 0.02 | 0.06 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.03 |
| Interest ⓘ | 0.11 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0.01 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.03 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.13 | -52.78 | 0.07 | -0.24 | 0.58 | 0.02 | -0.22 | -0.04 | 0.06 | 0.03 |
| Tax ⓘ | 0.07 | 4.34 | 0 | 0 | 0.53 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0.06 | -57.12 | 0.07 | -0.24 | 0.05 | 0.01 | -0.22 | -0.04 | 0.06 | 0.03 |
| PAT Margin (%) | 0.0% | -171.0% | 0.5% | -46.9% | 4.1% | 0.5% | -90.1% | -1.3% | 0.8% | 0.5% |
| Adjusted EPS (₹) | 0.0 | -11.4 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 58.96 | 1.84 | 3.16 | 2.93 | 1.79 | 1.80 | 1.58 | 1.54 | 1.61 | 1.64 |
| Share Capital ⓘ | 50.01 | 50.01 | 50.01 | 50.01 | 50.01 | 50.01 | 50.01 | 50.01 | 50.01 | 1.90 |
| Reserves ⓘ | 8.95 | -48.17 | -46.85 | -47.09 | -48.22 | -48.21 | -48.43 | -48.47 | -48.41 | -0.26 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 15.77 | 13.21 | 15.41 | 2.12 | 0.14 | 2.49 | 2.48 | 1.04 | 4.51 | 0.79 |
| Others Liabilities ⓘ | -3.07 | 0.75 | 0.47 | 0.16 | 0.12 | 0.11 | 0.30 | 0.30 | 0.34 | 0.46 |
| Total Liabilities ⓘ | 71.67 | 15.80 | 19.03 | 5.20 | 2.05 | 4.40 | 4.37 | 2.88 | 6.46 | 2.88 |
Fixed Assets | ||||||||||
| Gross Block | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.23 | 0.26 |
| Accumulated Depreciation | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.06 |
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.21 | 0.19 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 52.95 | 0.15 | 1.68 | 1.68 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.52 | 2.80 | 0.50 |
| Trade Receivables | 17.02 | 13.57 | 15.05 | 2.46 | 0.32 | 2.94 | 2.74 | 0.42 | 0.68 | 0.09 |
| Cash Equivalents | 0.40 | 0.88 | 1.51 | 0.23 | 0.36 | 0.04 | 0.06 | 0.13 | 0.39 | 0.49 |
| Others Assetsⓘ | 1.30 | 1.21 | 0.79 | 0.84 | 1.38 | 1.43 | 1.57 | 1.81 | 2.39 | 1.61 |
| Total Assets ⓘ | 71.67 | 15.80 | 19.03 | 5.20 | 2.05 | 4.40 | 4.37 | 2.88 | 6.46 | 2.88 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3.35 | 0.47 | 0.61 | -1.31 | 0.04 | -0.32 | 0.01 | 0.06 | 0.48 | 0.11 |
| PBT ⓘ | 0.13 | -52.78 | 0.07 | -0.24 | 0.58 | 0.02 | -0.22 | -0.04 | 0.06 | 0.03 |
| Adjustment ⓘ | 0.08 | 52.80 | -0.03 | -0.01 | -0.01 | 0.07 | -0.01 | -0.01 | 0.02 | 0.02 |
| Changes in Working Capital ⓘ | 3.3 | 0.51 | 0.57 | -1.05 | -0.42 | -0.41 | 0.24 | 0.12 | 0.4 | 0.06 |
| Tax Paid ⓘ | -0.17 | -0.06 | 0 | 0 | -0.11 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -2.18 | 0.23 | 0.02 | 0.02 | 0.08 | 0.10 | 0.01 | 0.01 | -0.22 | -0.01 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.23 | -0.02 |
| Net Investments | 8 | 0 | 0 | 0 | -0.01 | 0.09 | 0 | 0 | 0 | 0 |
| Others ⓘ | -10.18 | 0.23 | 0.02 | 0.02 | 0.09 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cash Flow From Financing Activityⓘ | -1.31 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.11 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.14 | 0.69 | 0.63 | -1.30 | 0.12 | -0.23 | 0.02 | 0.07 | 0.25 | 0.10 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.09 | -188 | 2.93 | -7.92 | 2.11 | 0.83 | -12.98 | -2.91 | 4.13 | 2.02 |
| ROCE (%) | 0.4 | -173.59 | 2.77 | -7.86 | 24.51 | 1.35 | -12.8 | -2.84 | 4.64 | 2.03 |
| Asset Turnover Ratio | 3.25 | 0.76 | 0.89 | 0.04 | 0.33 | 0.9 | 0.06 | 0.93 | 1.82 | 1.37 |
| PAT to CFO Conversion(x) | 55.83 | N/A | 8.71 | N/A | 0.8 | -32 | N/A | N/A | 8 | 3.67 | Working Capital Days |
| Receivable Days | 21 | 168 | 337 | 6,253 | 424 | 204 | 4,291 | 171 | 24 | 22 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56 | 71 | 94 |
| Payable Days | 19 | 162 | 352 | 0 | 0 | 201 | 0 | 529 | 216 | 421 |
Ruchi Strips & Alloys (RSAL), an ISO 9001:2000 & ISO 14001:2004 certified Ruchi Group company was set up in 1991 for manufacturing of cold rolled steel coils & sheets. The company has been promoted by Ruchi Soya Industries Limited (RSIL) Madhya Pradesh Audyogite Vikas Nigam Limited (MPAVM) and others.
The Ruchi Group comprises of 17 companies in seven business sectors under different sectors in which they operate; besides there are two promoter companies of the group.
RSAL now is a complete complex with all the manufacturing facilities of different types & grades of cold rolled steel with installed capacity of 1,00,000 TPA. RSAL manufactures a wide range of low carbon, medium carbon & special grade CR products, in thickness ranging from 0.11mm to 2.50mm & up to a maximum width of 1020mm.
RSAL manufactures cold rolled full hard (CRFH) coils as per international standards, suitable for manufacturing of galvanized sheets of different applications. Cold rolled closed annealed steel (CRCA) coils & sheets of international standards, suitable for automobile application. Cold rolled non-oriented electrical steel (CRNO) as per international standards, delivered in semi processed condition.
RSAL has facility for slitting & shearing of coils to make available tailor-made cut-to-length batch as per customer specification.The significant quantity out of RSAL’s production is exported to various countries. RSAL is also a Government of India recognized export house.
Product range of the company includes:
Cold Rolled RSAL manufactures a wide range of low carbon ,mild steel CR products, in thickness ranging from 0.11 mm to 2.50 mm & up to a maximum width of 1020 mm, both in coil & sheet form.
RSAL is also one of the few Indian manufactures of ultra thin 0.11,0.14 mm CR Coil extensively used for galvanizing.RSAL CR Coils & sheets are known for their close gauge tolerances, superior finish & perfect flatness, free of stretcher strains. They are offered in bright and matt finish, in annealed or full hard temper. Major grades manufactured are O,D,DD & EDD of non-ageing ,critical & super EDD CRCA, automobile structural grades, TMBP, galvanizing grades, porcelain enameling, corrosion resistance grade.
RumagRumag is cold rolled non-grain-oriented semi-processed steel,specially designed for fractional and low horsepower motor manufacturing. It comes in two major variants-- unalloyed(Rumag) and alloyed(Rumag-A). Within the two categories they produce steel in most internationally accepted specifications. They can also customise their products to specific requirements of customers, whenever their standard products do not suit the manufacturing requirements.
The advantages of unalloyed and low-silicon alloyed steels lay in the high degree of magnetisability of these steels. The high magnetic quality of these materials have considerably influenced the production of compact high performance electric machines. Rumag conforms to European standard EN 10126 and EN 10165.
RufilRufil is a specially processed CR Coils with thickness range 0.35mm to 0.70mm. It is surface finish of light matt with roughness value of 0.50 micron to 0.90 micron. The steel is processed to meet automobile filter, to take up heavy draw. RSAL have a market share of 35% with automobile filter manufacturer for the segment.
Achievements/ recognition:
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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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