Reetech International Cargo and Courier Ltd - Stock Valuation and Financial Performance

BSE: 543617 | NSE: | Trading | Small Cap

Reetech Inter. Cargo Share Price

44.70 0.00 0.00%
as on 19-Nov'24 16:59

DeciZen - make an informed investing decision on Reetech Inter. Cargo

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Reetech International Cargo and Courier stock performance -

mw4me loader
P/E Ratio (SA):
18.64
Market Cap:
18.9 Cr.
52-wk low:
40
52-wk high:
66.8

Is Reetech International Cargo and Courier Ltd an attractive stock to invest in?

1. Is Reetech International Cargo and Courier Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Reetech International Cargo and Courier Ltd is a below average quality company.

2. Is Reetech International Cargo and Courier Ltd undervalued or overvalued?

The key valuation ratios of Reetech International Cargo and Courier Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Reetech International Cargo and Courier Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Reetech International Cargo and Courier 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 Reetech Inter. Cargo:

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.
Reetech International Cargo and Courier Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -0.1%-0%-0%11.7%113.5%13.6%10.5%-
Value Creation
Index
-1.0-1.0-1.0-0.27.10.0-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00018.411716529.329
Sales YoY Gr.-NANANA534.5%41.6%-82.3%-
Adj EPS -0001.111.71.92.52.4
YoY Gr.-NANANA942%-84.2%35.7%-
BVPS (₹) 7.47.47.48.519.933.435.835.8
Adj Net
Profit
0000.44.20.81.11
Cash Flow from Ops. 00013.4-1.71-
Debt/CF from Ops. 0000.50-0.80-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA16.7%-82.3%
Adj EPS NANA30.9%35.7%
BVPSNA37.1%61.5%7.2%
Share Price - - - 7.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.1-0-014.182.27.37.36.7
Op. Profit
Mgn %
0002.150.32.7NAN
Net Profit
Mgn %
0002.23.60.53.63.5
Debt to
Equity
0.30.30.30.200.10-
Working Cap
Days
0004529291590
Cash Conv.
Cycle
0001766330

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.74%

Net Profit is growing at healthy rate in last 3 years 30.86%

Return on Equity has declined versus last 3 years average to 6.70%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Reetech International Cargo and Courier Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 2.5
TTM Sales (₹ Cr.) 29.3 29.3
BVPS (₹.) 35.8 38
Reserves (₹ Cr.) 11 12
P/BV 1.25 1.18
PE 18.64 18.15
From the Market
52 Week Low / High (₹) 40.00 / 66.75
All Time Low / High (₹) 36.90 / 96.45
Market Cap (₹ Cr.) 18.9
Equity (₹ Cr.) 4.2
Face Value (₹) 10
Industry PE 69

Management X-Ray of Reetech Inter. Cargo:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Reetech Inter. Cargo

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales00018.40116.74165.2829.27
Operating Expenses 00018.01110.93164.7328.52
Manufacturing Costs000000.410
Material Costs00017.98109.94159.7826.68
Employee Cost 00000.130.160.15
Other Costs 0000.030.864.381.69
Operating Profit 0000.395.810.550.76
Operating Profit Margin (%) ---2.1%5.0%0.3%2.6%
Other Income 0000.020.341.171
Interest 0000.010.090.380.18
Depreciation 000000.160.13
Exceptional Items 0000-0.04-0.02-0.03
Profit Before Tax 0000.416.021.151.42
Tax 00001.820.390.41
Profit After Tax 0000.414.210.761.01
PAT Margin (%) ---2.2%3.6%0.5%3.5%
Adjusted EPS (₹)0.00.00.01.111.61.82.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 2.672.672.673.087.2314.1015.11
Share Capital 0.520.520.520.520.524.234.23
Reserves 2.162.162.152.566.729.8710.88
Minority Interest0000000
Debt0.840.840.840.4601.010
Long Term Debt0.840.840.840.4600.540
Short Term Debt000000.470
Trade Payables0000.631.480.080.18
Others Liabilities 0.010.010.014.239.083.051.86
Total Liabilities 3.533.523.528.3917.7918.2417.15

Fixed Assets

Gross Block000001.360.38
Accumulated Depreciation000000.160.29
Net Fixed Assets000001.200.09
CWIP 0000000
Investments 3.223.223.373.373.373.373.37
Inventories0000.791.8900
Trade Receivables0001.491.743.222.34
Cash Equivalents 0000.600.011.550.38
Others Assets0.300.300.152.1410.778.9110.97
Total Assets 3.533.523.528.3917.7918.2417.15

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0000.993.35-1.651.02
PBT 0000.416.021.151.42
Adjustment 00000-0.15-0.31
Changes in Working Capital 0000.58-2.68-2.65-0.06
Tax Paid 000000-0.03
Cash Flow From Investing Activity 0000-3.43-4.15-0.76
Capex 00000-1.360.94
Net Investments 0000000
Others 0000-3.43-2.79-1.70
Cash Flow From Financing Activity 000-0.39-0.517.34-1.43
Net Proceeds from Shares 000006.270
Net Proceeds from Borrowing 000-0.39-0.460.54-0.54
Interest Paid 00000-0.05-0.15
Dividend Paid 0000000
Others 0000-0.050.57-0.75
Net Cash Flow 0000.60-0.591.54-1.17
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-0.1-0.04-0.0414.0981.577.166.94
ROCE (%)-0.07-0.03-0.0311.72113.4713.5610.51
Asset Turnover Ratio0003.098.929.171.65
PAT to CFO Conversion(x)N/AN/AN/A2.410.8-2.171.01
Working Capital Days
Receivable Days000295535
Inventory Days00016400
Payable Days0006422

Reetech International Cargo and Courier Ltd Stock News

Reetech International Cargo and Courier Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Reetech Inter. Cargo on 19-Nov-2024 16:59 is ₹44.70.
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 19-Nov-2024 16:59 the market cap of Reetech Inter. Cargo stood at ₹18.90.
The latest P/E ratio of Reetech Inter. Cargo as of 19-Nov-2024 16:59 is 18.64.
The latest P/B ratio of Reetech Inter. Cargo as of 19-Nov-2024 16:59 is 1.25.
The 52-week high of Reetech Inter. Cargo is ₹66.75 and the 52-week low is ₹40.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Reetech Inter. Cargo is ₹29.27 ( Cr.) .

About Reetech International Cargo and Courier Ltd

The Company was originally incorporated on December 18, 2008 as a Private Limited Company in the name of “M R Agriculture Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh and Chhattisgarh. Further, pursuant to a Special Resolution of our Shareholders passed in the Extra Ordinary General Meeting held on June 15, 2020, name of the Company was changed to “Reetech International Cargo and Courier Private Limited” and a Fresh Certificate of Incorporation was issued by Registrar of Companies, Chhattisgarh. Subsequently, pursuant to a Special Resolution of its Shareholders passed in the Extra Ordinary General Meeting held on February 15, 2022 the Company was converted from a Private Limited Company to Public Limited Company and the name of the Company was changed to “Reetech International Cargo and Courier Limited” and a Fresh Certificate of Incorporation consequent to Conversion was issued on April 12, 2022 by the Registrar of Companies, Chhattisgarh.

The company was incorporated in the year 2008, in the name and style of M R Agriculture by the joint efforts of Mahendra Ahuja and Roma Ahuja. The company started its operation in the year 2009-10. Initially the company was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing and Agriculture Products. The business of trading of Agriculture goods had been operated by the Company successfully in the past. In the year 2020, the company’s promoters commenced business of trading of coal. In the year 2021, the company changed its name from M R Agriculture to Reetech International Cargo and Courier. Its Promoters has a vision to look beyond the ordinary; to foresee opportunities; to attain the unattainable; to create in-roads into newer vistas of change and above all, to bridge the demand-supply gap for coal, the world’s fossil fuel.

Mahendra Ahuja started as a small trader of coal in 2020, and within a short span of time, Reetech has emerged as one of the recognized suppliers of coal in the state of Chhattisgarh. It is based at Raipur, Chhattisgarh, and its operations are spread across India, with a vide network of Customers. Its diversified product portfolio comprises coal from Indonesia, South Africa, Australian and India, among other origins. It supply its products to the customers in various sectors i.e., Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation and Railway. In a very short span of time, the company has been able to recognize itself as a trusted name in the coal industries due to its commitment to quality and reliability since its inception. The company is one of the recognized traders of Coal and perform its operations from Gangavaram and other ports.

Business area of the company

The company’s core business activity is trading in imported coal. However, the company also trades in the Indian coal which is sourced locally, in order to cater the opportunity of market demand for Indian coal. It procures Indian coal through e-auctions conducted by the various subsidiaries of Coal India (WCL, ECL, SECL, CCL, MCL, NCL, SCCL). The coal is procured keeping in mind the quality and quantity requirements of its customers. It prides itself on the ability to provide end-to-end logistics solutions to its clients together with flexibility in payment terms, which bring in a great value proposition.

Key events:

  • 2008: Incorporation of the company in the name and style of “M R Agriculture Private Limited”.
  • 2020: The company name was changed to “Reetech International Cargo and Courier Private Limited”.
  • 2020: Started Coal Trading and supplying coal all over India.
  • 2022: The company achieved a turnover of Rs 100+ crore.
  • 2022: Conversion of the Company from Private Limited Company to Public Limited Company and Change of name of Company to Reetech International Cargo and Courier Limited.
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