Rashi Peripherals Ltd - Stock Valuation and Financial Performance

BSE: 544119 | NSE: RPTECH | Trading | Small Cap

Rashi Peripheral Share Price

361.95 -4.30 -1.17%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Rashi Peripheral

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Rashi Peripherals stock performance -

mw4me loader
P/E Ratio (SA):
13.34
Market Cap:
2,413.6 Cr.
52-wk low:
284.8
52-wk high:
474.8

Is Rashi Peripherals Ltd an attractive stock to invest in?

1. Is Rashi Peripherals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rashi Peripherals Ltd is a average quality company.

2. Is Rashi Peripherals Ltd undervalued or overvalued?

The key valuation ratios of Rashi Peripherals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Rashi Peripherals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rashi Peripherals 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 Rashi Peripheral:

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.
Rashi Peripherals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 15.4%15.7%17.1%18.4%15.5%16.7%27.1%25.7%15.8%14.5%-
Value Creation
Index
0.10.10.20.30.10.20.90.80.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,8083,0223,8404,4133,9873,9185,8649,1619,26210,73113,072
Sales YoY Gr.-7.6%27.1%14.9%-9.7%-1.7%49.7%56.2%1.1%15.9%-
Adj EPS 3.83.65.28.66.91029.12.134.120.727.5
YoY Gr.--5%43.4%66.1%-20.3%45.4%191.1%-92.7%1508.5%-39.3%-
BVPS (₹) 22.526.231.44046.956.993.36.5164.9232.4248.8
Adj Net
Profit
15.915.121.73628.741.8122186142136181
Cash Flow from Ops. -480.7-13.6-58.2-27.553-120-307-113-81.8-
Debt/CF from Ops. -4.4285.8-16.7-5.8-13.36.1-4.1-2.9-9.4-8.1-

CAGR

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%
BVPS29.7%37.7%35.5%41%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
18.514.91824.215.819.338.738.822.712.311.4
Op. Profit
Mgn %
1.61.71.51.81.52.23.33.43.12.72.3
Net Profit
Mgn %
0.60.50.60.80.71.12.121.51.31.4
Debt to
Equity
2.21.91.721.91.41.31.61.60.40
Working Cap
Days
616861678390777910110566
Cash Conv.
Cycle
2831273240433639515321

Recent Performance Summary

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%

Latest Financials - Rashi Peripherals Ltd.

Standalone Consolidated
TTM EPS (₹) 27.5 28.8
TTM Sales (₹ Cr.) 13,072 13,599
BVPS (₹.) 248.8 252
Reserves (₹ Cr.) 1,607 1,628
P/BV 1.47 1.45
PE 13.34 12.71
From the Market
52 Week Low / High (₹) 284.75 / 474.80
All Time Low / High (₹) 284.75 / 474.80
Market Cap (₹ Cr.) 2,414
Equity (₹ Cr.) 33
Face Value (₹) 5
Industry PE 69

Management X-Ray of Rashi Peripheral:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rashi Peripheral

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
Sales2,8083,0223,8404,4133,9873,9185,8649,1619,26210,731
Operating Expenses 2,7622,9723,7834,3363,9283,8305,6698,8599,00910,445
Manufacturing Costs2222221243
Material Costs2,6862,8863,6724,2053,8063,7105,5548,6718,77410,203
Employee Cost 38424756586372106125139
Other Costs 3643617363554180105100
Operating Profit 465058775988195302254286
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 1344268681517
Interest 182524253837305889110
Depreciation 5432226101517
Exceptional Items 0000000000
Profit Before Tax 242434544457165241164175
Tax 881218151442614142
Profit After Tax 161622362942122181123133
PAT Margin (%) 0.6%0.5%0.6%0.8%0.7%1.1%2.1%2.0%1.3%1.2%
Adjusted EPS (₹)3.93.85.28.66.910.129.32.129.520.2
Dividend Payout Ratio (%)1%1%0%0%0%0%0%1%2%5%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 941101311671962383905696891,531
Share Capital 1111111212133
Reserves 931091301661952373895496681,498
Minority Interest0000000000
Debt2112122273363653234888651,049660
Long Term Debt2521172320186460320
Short Term Debt1861912103133453054248061,017660
Trade Payables2443053503743824376341,0829421,469
Others Liabilities 33275029153835827660
Total Liabilities 5816537589079581,0351,5472,5992,7563,720

Fixed Assets

Gross Block42434344444490107126136
Accumulated Depreciation20232527293036455671
Net Fixed Assets22201816151454626965
CWIP 0000013040
Investments 00001515412114
Inventories2393303323773374895611,1731,4841,807
Trade Receivables2872693754265024117791,1248551,354
Cash Equivalents 011105103426137
Others Assets3233338688100135193308354
Total Assets 5816537589079581,0351,5472,5992,7563,720

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -481-14-58-2753-120-307-113-82
PBT 242434544457165241164175
Adjustment 2127321939317091122
Changes in Working Capital -69-19-40-95-589-281-543-318-331
Tax Paid -8-9-11-20-16-14-35-75-50-48
Cash Flow From Investing Activity -2-2-1-1-3-2-10-7-46
Capex -2-2-1-1-1-2-6-12-11-7
Net Investments 0000000000
Others 0000-20-45813
Cash Flow From Financing Activity 502146029-47136338109187
Net Proceeds from Shares 000000000750
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-29-53-84-107
Dividend Paid 000000000-2
Others 502146029-47165391192-454
Net Cash Flow 0001-14624-8111
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)18.7715.5917.9524.1415.9519.4538.9637.6719.5612.02
ROCE (%)15.3915.7217.0918.3915.5116.6827.0625.7115.814.47
Asset Turnover Ratio5.735.195.795.34.283.934.544.423.463.31
PAT to CFO Conversion(x)-30.06-0.64-1.61-0.931.26-0.98-1.7-0.92-0.62
Working Capital Days
Receivable Days30322933434337383938
Inventory Days27323029333833355256
Payable Days30353331364035364243

Rashi Peripherals Ltd Stock News

Rashi Peripherals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rashi Peripheral on 21-Nov-2024 16:59 is ₹361.9.
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 Rashi Peripheral stood at ₹2,413.6.
The latest P/E ratio of Rashi Peripheral as of 21-Nov-2024 16:59 is 13.34.
The latest P/B ratio of Rashi Peripheral as of 21-Nov-2024 16:59 is 1.47.
The 52-week high of Rashi Peripheral is ₹474.8 and the 52-week low is ₹284.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rashi Peripheral is ₹13,072 ( Cr.) .

About Rashi Peripherals Ltd

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

  • 2000: The Company established 9 branches.
  • 2002: The Company sold more than 1,000,000 units.
  • 2004: The Company established 30 branches.
  • 2007: The Company employed more than 500 resources in its workforce across India.
  • 2009: The Company generated an average revenue of Rs 0.99 million per customer.
  • 2011: The Company generated a revenue of more than Rs 10,000 million in a financial year.
  • 2011: The Company sold more than 10 million units.
  • 2016: The Company generated a revenue of more than Rs 30,000 million in a financial year.
  • 2017: The Company generated an average revenue of Rs 5.15 million per customer.
  • 2020: The Company employed more than 1000 resources in its workforce across India.
  • 2022: The Company generated a revenue of more than $1 billion in a financial year.
  • 2022: The Company sold more than 25 million units.
  • 2022: The Company generated an average revenue of Rs 9.74 million per customer.

Awards, accreditations and recognition

  • 2018: Authorised Distributor award by Intel Corporation.
  • 2018: Leadership award by Asus.
  • 2018: National award in Marketing Excellence by Times Network.
  • 2019: Best Value Added Distributor award by VAR.
  • 2019: Highest Achievement in Business Growth YoY for Devices award by Western Digital.
  • 2020 Excellence award under Enterprise Applications Category by CRN India and Express Computer, Indian Express Group.
  • 2020: Value Added Distributor award by VAR India.
  • 2021: Best Distributor award by Economic Times Channel Partners.
  • 2021: Best ICT Distributor award by Digital Terminal.
  • 2021: Best VAD award by VAR India.
  • 2022: Partner of the Year for Asia Pacific & Japan award by Intel.
  • 2023: Best Distributor Award for Highest Growth in EPYC CPU biz. in FY’22 by AMD.
  • 2023: Best ICT National Distributor in India at the Digital Terminal Partners Excellence Awards, 2023.
  • 2023: Best ICT National Distributor in India award by Digital Terminal.
  • 2023: Best VAD 2023 by VAR India.
  • 2023: Digital Terminal Partner Excellence Awards 2023: Best ICT National Distributor in India.
  • 2023: Distributional Excellence Award 2022 in UPS Sales (Growth), All India at Eaton Indian Channel Partner Meet, 2023.
  • 2023: Excellence Award FY 22-23 by AMD.
  • 2023: Intel Partner Award 2023 - Hall of Fame CxO - Rajesh Goenka in his capacity as its Chief Executive Officer, by Intel.
  • 2023: Intel Partner Award 2023-Outstanding Growth Distributor Data Center and AI Group Award by Intel.
  • 2023: Most Preferred National Distributor at the15th Digital Terminal Awards, 2023.
  • 2023: Power Performer 2023 Award by APC.
  • 2023: Samsung Know MSP Solutions Champion September 2023 by Global Mobile B2B Team, MX Samsung Electronics.
  • 2023: The Most Harmonized National Distributor at Insig by LG.
  • 2023: The Most Reputed ICT Indian Distributor of 2022 Award by NCN Innovative Product Awards.

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