Past 10 year's financial track record analysis by Moneyworks4me indicates that Rashi Peripherals Ltd is a average quality company.
The key valuation ratios of Rashi Peripherals 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 Strong which suggest that the price of Rashi Peripherals Ltd is likely to Rise 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 % ⓘ | 15.4% | 15.7% | 17.1% | 18.4% | 15.5% | 16.7% | 27.1% | 25.7% | 15.8% | 14.5% | - |
| Value Creation Index ⓘ | 0.1 | 0.1 | 0.2 | 0.3 | 0.1 | 0.2 | 0.9 | 0.8 | 0.1 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,808 | 3,022 | 3,840 | 4,413 | 3,987 | 3,918 | 5,864 | 9,161 | 9,262 | 10,731 | 13,072 |
| Sales YoY Gr. | - | 7.6% | 27.1% | 14.9% | -9.7% | -1.7% | 49.7% | 56.2% | 1.1% | 15.9% | - |
| Adj EPS ⓘ | 3.8 | 3.6 | 5.2 | 8.6 | 6.9 | 10 | 29.1 | 2.1 | 34.1 | 20.7 | 27.5 |
| YoY Gr. | - | -5% | 43.4% | 66.1% | -20.3% | 45.4% | 191.1% | -92.7% | 1508.5% | -39.3% | - |
| BVPS (₹) ⓘ | 22.5 | 26.2 | 31.4 | 40 | 46.9 | 56.9 | 93.3 | 6.5 | 164.9 | 232.4 | 248.8 |
| Adj Net Profit ⓘ | 15.9 | 15.1 | 21.7 | 36 | 28.7 | 41.8 | 122 | 186 | 142 | 136 | 181 |
| Cash Flow from Ops. ⓘ | -48 | 0.7 | -13.6 | -58.2 | -27.5 | 53 | -120 | -307 | -113 | -81.8 | - |
| Debt/CF from Ops. ⓘ | -4.4 | 285.8 | -16.7 | -5.8 | -13.3 | 6.1 | -4.1 | -2.9 | -9.4 | -8.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16.1% | 21.9% | 22.3% | 15.9% | ||||
| Adj EPS ⓘ | 20.7% | 24.7% | -10.7% | -39.3% | ||||
| BVPSⓘ | 29.7% | 37.7% | 35.5% | 41% | ||||
| Share Price | - | - | - | - | ||||
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 % ⓘ | 18.5 | 14.9 | 18 | 24.2 | 15.8 | 19.3 | 38.7 | 38.8 | 22.7 | 12.3 | 11.4 |
| Op. Profit Mgn % ⓘ | 1.6 | 1.7 | 1.5 | 1.8 | 1.5 | 2.2 | 3.3 | 3.4 | 3.1 | 2.7 | 2.3 |
| Net Profit Mgn % ⓘ | 0.6 | 0.5 | 0.6 | 0.8 | 0.7 | 1.1 | 2.1 | 2 | 1.5 | 1.3 | 1.4 |
| Debt to Equity ⓘ | 2.2 | 1.9 | 1.7 | 2 | 1.9 | 1.4 | 1.3 | 1.6 | 1.6 | 0.4 | 0 |
| Working Cap Days ⓘ | 61 | 68 | 61 | 67 | 83 | 90 | 77 | 79 | 101 | 105 | 66 |
| Cash Conv. Cycle ⓘ | 28 | 31 | 27 | 32 | 40 | 43 | 36 | 39 | 51 | 53 | 21 |
Sales growth is growing at healthy rate in last 3 years 22.32%
Debt to equity has declined versus last 3 years average to 0.43
Sales growth is good in last 4 quarters at 34.48%
Return on Equity has declined versus last 3 years average to 11.40%
Net Profit has been subdued in last 3 years -10.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 27.5 | 28.8 |
| TTM Sales (₹ Cr.) | 13,072 | 13,599 |
| BVPS (₹.) ⓘ | 248.8 | 252 |
| Reserves (₹ Cr.) ⓘ | 1,621 | 1,628 |
| P/BV ⓘ | 1.72 | 1.70 |
| PE ⓘ | 15.58 | 14.84 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 284.75 / 474.80 |
| All Time Low / High (₹) | 284.75 / 474.80 |
| Market Cap (₹ Cr.) | 2,819 |
| Equity (₹ Cr.) | 33 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 62.3 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,808 | 3,022 | 3,840 | 4,413 | 3,987 | 3,918 | 5,864 | 9,161 | 9,262 | 10,731 |
| Operating Expenses ⓘ | 2,762 | 2,972 | 3,783 | 4,336 | 3,928 | 3,830 | 5,669 | 8,859 | 9,009 | 10,445 |
| Manufacturing Costs | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 4 | 3 |
| Material Costs | 2,686 | 2,886 | 3,672 | 4,205 | 3,806 | 3,710 | 5,554 | 8,671 | 8,774 | 10,203 |
| Employee Cost | 38 | 42 | 47 | 56 | 58 | 63 | 72 | 106 | 125 | 139 |
| Other Costs ⓘ | 36 | 43 | 61 | 73 | 63 | 55 | 41 | 80 | 105 | 100 |
| Operating Profit ⓘ | 46 | 50 | 58 | 77 | 59 | 88 | 195 | 302 | 254 | 286 |
| Operating Profit Margin (%) | 1.6% | 1.7% | 1.5% | 1.8% | 1.5% | 2.2% | 3.3% | 3.3% | 2.7% | 2.7% |
| Other Income ⓘ | 1 | 3 | 4 | 4 | 26 | 8 | 6 | 8 | 15 | 17 |
| Interest ⓘ | 18 | 25 | 24 | 25 | 38 | 37 | 30 | 58 | 89 | 110 |
| Depreciation ⓘ | 5 | 4 | 3 | 2 | 2 | 2 | 6 | 10 | 15 | 17 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 24 | 24 | 34 | 54 | 44 | 57 | 165 | 241 | 164 | 175 |
| Tax ⓘ | 8 | 8 | 12 | 18 | 15 | 14 | 42 | 61 | 41 | 42 |
| Profit After Tax | 16 | 16 | 22 | 36 | 29 | 42 | 122 | 181 | 123 | 133 |
| PAT Margin (%) | 0.6% | 0.5% | 0.6% | 0.8% | 0.7% | 1.1% | 2.1% | 2.0% | 1.3% | 1.2% |
| Adjusted EPS (₹) | 3.9 | 3.8 | 5.2 | 8.6 | 6.9 | 10.1 | 29.3 | 2.1 | 29.5 | 20.2 |
| Dividend Payout Ratio (%) | 1% | 1% | 0% | 0% | 0% | 0% | 0% | 1% | 2% | 5% |
| 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 | 94 | 110 | 131 | 167 | 196 | 238 | 390 | 569 | 689 | 1,531 |
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 21 | 21 | 33 |
| Reserves ⓘ | 93 | 109 | 130 | 166 | 195 | 237 | 389 | 549 | 668 | 1,498 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 211 | 212 | 227 | 336 | 365 | 323 | 488 | 865 | 1,049 | 660 |
| Long Term Debt | 25 | 21 | 17 | 23 | 20 | 18 | 64 | 60 | 32 | 0 |
| Short Term Debt | 186 | 191 | 210 | 313 | 345 | 305 | 424 | 806 | 1,017 | 660 |
| Trade Payables | 244 | 305 | 350 | 374 | 382 | 437 | 634 | 1,082 | 942 | 1,469 |
| Others Liabilities ⓘ | 33 | 27 | 50 | 29 | 15 | 38 | 35 | 82 | 76 | 60 |
| Total Liabilities ⓘ | 581 | 653 | 758 | 907 | 958 | 1,035 | 1,547 | 2,599 | 2,756 | 3,720 |
Fixed Assets | ||||||||||
| Gross Block | 42 | 43 | 43 | 44 | 44 | 44 | 90 | 107 | 126 | 136 |
| Accumulated Depreciation | 20 | 23 | 25 | 27 | 29 | 30 | 36 | 45 | 56 | 71 |
| Net Fixed Assetsⓘ | 22 | 20 | 18 | 16 | 15 | 14 | 54 | 62 | 69 | 65 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 0 | 4 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 15 | 15 | 4 | 12 | 11 | 4 |
| Inventories | 239 | 330 | 332 | 377 | 337 | 489 | 561 | 1,173 | 1,484 | 1,807 |
| Trade Receivables | 287 | 269 | 375 | 426 | 502 | 411 | 779 | 1,124 | 855 | 1,354 |
| Cash Equivalents | 0 | 1 | 1 | 1 | 0 | 5 | 10 | 34 | 26 | 137 |
| Others Assetsⓘ | 32 | 33 | 33 | 86 | 88 | 100 | 135 | 193 | 308 | 354 |
| Total Assets ⓘ | 581 | 653 | 758 | 907 | 958 | 1,035 | 1,547 | 2,599 | 2,756 | 3,720 |
| 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 ⓘ | -48 | 1 | -14 | -58 | -27 | 53 | -120 | -307 | -113 | -82 |
| PBT ⓘ | 24 | 24 | 34 | 54 | 44 | 57 | 165 | 241 | 164 | 175 |
| Adjustment ⓘ | 21 | 27 | 3 | 2 | 19 | 39 | 31 | 70 | 91 | 122 |
| Changes in Working Capital ⓘ | -69 | -19 | -40 | -95 | -58 | 9 | -281 | -543 | -318 | -331 |
| Tax Paid ⓘ | -8 | -9 | -11 | -20 | -16 | -14 | -35 | -75 | -50 | -48 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | -1 | -1 | -3 | -2 | -10 | -7 | -4 | 6 |
| Capex | -2 | -2 | -1 | -1 | -1 | -2 | -6 | -12 | -11 | -7 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | -2 | 0 | -4 | 5 | 8 | 13 |
| Cash Flow From Financing Activityⓘ | 50 | 2 | 14 | 60 | 29 | -47 | 136 | 338 | 109 | 187 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 750 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -29 | -53 | -84 | -107 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Others ⓘ | 50 | 2 | 14 | 60 | 29 | -47 | 165 | 391 | 192 | -454 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 1 | -1 | 4 | 6 | 24 | -8 | 111 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.77 | 15.59 | 17.95 | 24.14 | 15.95 | 19.45 | 38.96 | 37.67 | 19.56 | 12.02 |
| ROCE (%) | 15.39 | 15.72 | 17.09 | 18.39 | 15.51 | 16.68 | 27.06 | 25.71 | 15.8 | 14.47 |
| Asset Turnover Ratio | 5.73 | 5.19 | 5.79 | 5.3 | 4.28 | 3.93 | 4.54 | 4.42 | 3.46 | 3.31 |
| PAT to CFO Conversion(x) | -3 | 0.06 | -0.64 | -1.61 | -0.93 | 1.26 | -0.98 | -1.7 | -0.92 | -0.62 | Working Capital Days |
| Receivable Days | 30 | 32 | 29 | 33 | 43 | 43 | 37 | 38 | 39 | 38 |
| Inventory Days | 27 | 32 | 30 | 29 | 33 | 38 | 33 | 35 | 52 | 56 |
| Payable Days | 30 | 35 | 33 | 31 | 36 | 40 | 35 | 36 | 42 | 43 |
Rashi Peripherals Limited was incorporated as ‘Rashi Peripherals Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 15, 1989, issued by the Registrar of Companies, Mumbai at Maharashtra. The Company became a deemed public limited company under Section 43A of the Companies Act, 1956 and the word ‘private’ was deleted with effect from July 1, 1997, pursuant to that the Company once again became a private limited company with effect from October 29, 2001. Subsequently, the Company changed its name and was converted into a public limited company pursuant to a special resolution passed in the annual general meeting of its Shareholders held on July 29, 2022, and consequently, a fresh certificate of incorporation dated August 4, 2022 was issued by the RoC to the Company under its present name, Rashi Peripherals Limited.
The company is among the leading national distribution partners for global technology brands in India for information and communications technology (ICT) products in terms of revenues and distribution network in Fiscal 2023. The company was incorporated in 1989 and has more than 34 years of experience in distribution of ICT products in India. The company commenced operations with manufacturing of peripherals. With the liberalization of the Indian IT sector in 1991, it transitioned to distribution of ICT products of global technology brands in India. It has been instrumental in facilitating the entry of a number of global technology brands and was among the select players that led the formalization of the fragmented and unorganized ICT products distribution in India.
The company primarily operates into two business verticals; i) Personal Computing, Enterprise and Cloud Solutions (PES): Under this vertical the company distributes personal computing devices, enterprise solutions, embedded designs/ products and cloud computing; and ii) Lifestyle and IT essentials (LIT): This includes the distribution of products such as (a) components that include graphic cards, central processing units (CPUs) and motherboards; (b) storage and memory devices; (c) lifestyle peripherals and accessories that include keyboard, mice, web cameras, monitors, wearables, casting devices, fitness trackers and gaming accessories; (d) power equipment such as UPS and invertors; and (e) networking and mobility devices.
Business area of the company
The company is primarily engaged in distribution of computer and peripheral devices.
History and milestones
Awards, accreditations and recognition
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