Rapicut Carbides Ltd
Incorporated in 1977, Rapicut Carbides Ltd manufactures Tungsten Carbide products used in metal cutting, mining, wear parts and various other industries[1]
- Market Cap ₹ 67.1 Cr.
- Current Price ₹ 125
- High / Low ₹ 184 / 70.2
- Stock P/E
- Book Value ₹ 38.8
- Dividend Yield 0.00 %
- ROCE 4.00 %
- ROE 1.94 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 84.6 to 52.6 days.
- Company's working capital requirements have reduced from 168 days to 114 days
Cons
- Stock is trading at 3.22 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -2.99% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
38.93 | 37.84 | 38.18 | 33.22 | 41.86 | 41.68 | 46.16 | 33.39 | 28.01 | 36.14 | 39.57 | 60.16 | 52.02 | |
32.57 | 33.33 | 33.72 | 29.88 | 36.66 | 36.38 | 41.39 | 32.64 | 28.31 | 36.01 | 39.81 | 58.71 | 51.04 | |
Operating Profit | 6.36 | 4.51 | 4.46 | 3.34 | 5.20 | 5.30 | 4.77 | 0.75 | -0.30 | 0.13 | -0.24 | 1.45 | 0.98 |
OPM % | 16.34% | 11.92% | 11.68% | 10.05% | 12.42% | 12.72% | 10.33% | 2.25% | -1.07% | 0.36% | -0.61% | 2.41% | 1.88% |
-0.08 | -0.01 | 0.04 | 0.03 | 0.18 | 0.05 | 0.04 | 0.03 | 0.02 | 0.03 | 0.01 | 0.12 | 0.18 | |
Interest | 0.44 | 0.41 | 0.54 | 0.44 | 0.34 | 0.24 | 0.23 | 0.36 | 0.14 | 0.13 | 0.29 | 0.48 | 0.62 |
Depreciation | 0.40 | 0.59 | 0.65 | 0.56 | 0.66 | 0.81 | 0.86 | 0.84 | 0.79 | 0.67 | 0.60 | 0.53 | 0.48 |
Profit before tax | 5.44 | 3.50 | 3.31 | 2.37 | 4.38 | 4.30 | 3.72 | -0.42 | -1.21 | -0.64 | -1.12 | 0.56 | 0.06 |
Tax % | 36.40% | 32.86% | 33.23% | 38.82% | 31.96% | 26.28% | 23.92% | -80.95% | -33.06% | 64.06% | 20.54% | 12.50% | |
3.46 | 2.35 | 2.22 | 1.45 | 2.98 | 3.16 | 2.84 | -0.08 | -0.82 | -1.06 | -1.35 | 0.49 | -0.05 | |
EPS in Rs | 6.41 | 4.38 | 4.13 | 2.70 | 5.55 | 5.88 | 5.29 | -0.15 | -1.53 | -1.97 | -2.51 | 0.91 | -0.09 |
Dividend Payout % | 24.86% | 27.42% | 29.03% | 44.44% | 27.03% | 30.59% | 28.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 29% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | -16% |
5 Years: | -32% |
3 Years: | 36% |
TTM: | 97% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 27% |
3 Years: | 35% |
1 Year: | 64% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | -3% |
3 Years: | -3% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2.15 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 | 5.37 |
Reserves | 13.57 | 11.95 | 13.39 | 14.06 | 17.03 | 18.67 | 20.16 | 19.10 | 18.13 | 17.09 | 16.05 | 16.53 | 15.47 |
0.19 | 2.58 | 2.89 | 1.73 | -1.08 | 1.38 | 3.36 | 1.62 | 0.06 | 2.17 | 3.42 | 1.25 | 10.38 | |
9.06 | 5.03 | 7.75 | 4.94 | 7.05 | 9.13 | 6.90 | 6.59 | 7.93 | 7.67 | 9.28 | 10.49 | 5.74 | |
Total Liabilities | 24.97 | 24.93 | 29.40 | 26.10 | 28.37 | 34.55 | 35.79 | 32.68 | 31.49 | 32.30 | 34.12 | 33.64 | 36.96 |
3.37 | 4.90 | 4.90 | 4.65 | 5.72 | 5.36 | 4.83 | 5.10 | 4.48 | 3.98 | 4.36 | 4.59 | 4.58 | |
CWIP | 0.44 | 0.01 | 0.00 | 0.02 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 0.40 | 0.00 | 0.00 |
Investments | 0.04 | 0.04 | 0.04 | 0.02 | 0.03 | 0.04 | 0.05 | 0.07 | 0.08 | 0.11 | 0.13 | 0.15 | 0.15 |
21.12 | 19.98 | 24.46 | 21.41 | 22.57 | 29.15 | 30.91 | 27.51 | 26.93 | 27.87 | 29.23 | 28.90 | 32.23 | |
Total Assets | 24.97 | 24.93 | 29.40 | 26.10 | 28.37 | 34.55 | 35.79 | 32.68 | 31.49 | 32.30 | 34.12 | 33.64 | 36.96 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6.53 | 1.01 | 1.75 | 3.97 | 6.73 | -0.34 | -1.11 | 4.20 | 4.86 | -4.52 | -0.29 | 2.90 | |
-1.56 | -1.72 | -0.45 | -0.29 | -1.55 | -0.36 | -0.30 | -1.10 | -0.27 | -0.49 | -0.69 | -0.35 | |
-4.91 | 0.09 | -1.18 | -2.80 | -5.32 | 0.56 | 0.85 | -3.07 | -1.70 | 1.98 | 1.03 | -2.60 | |
Net Cash Flow | 0.06 | -0.62 | 0.11 | 0.88 | -0.15 | -0.14 | -0.55 | 0.03 | 2.90 | -3.03 | 0.04 | -0.05 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 38.16 | 42.63 | 62.71 | 56.80 | 35.05 | 59.81 | 70.30 | 73.57 | 92.13 | 105.14 | 96.12 | 52.60 |
Inventory Days | 213.41 | 198.13 | 234.27 | 245.30 | 198.38 | 294.73 | 249.12 | 298.81 | 284.13 | 223.94 | 213.94 | 152.96 |
Days Payable | 76.31 | 36.76 | 71.87 | 34.05 | 57.67 | 80.22 | 51.25 | 61.60 | 107.64 | 71.24 | 80.60 | 63.82 |
Cash Conversion Cycle | 175.26 | 204.00 | 225.11 | 268.06 | 175.77 | 274.33 | 268.17 | 310.78 | 268.62 | 257.84 | 229.46 | 141.74 |
Working Capital Days | 102.57 | 135.14 | 155.25 | 166.57 | 126.17 | 172.25 | 191.99 | 225.41 | 202.37 | 203.20 | 186.33 | 114.06 |
ROCE % | 37.17% | 22.01% | 18.68% | 13.17% | 21.66% | 19.43% | 14.51% | -0.22% | -4.31% | -2.12% | -3.36% | 4.00% |
Documents
Announcements
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
13 Dec - Intimation for issue of duplicate share certificates.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
7 Dec - Stop transfer of shares due to loss by holder.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
28 Nov - Stop transfer intimation for lost share certificate.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Oct - Newspaper cuttings of extract of unaudited Financial Results for the quarter ended September 30, 2024 published in Business Standard (English Edition) and Loksatta-Jansatta (Gujarati Edition) …
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Board Meeting Outcome for Outcome Of Board Meeting Held On October 25, 2024
25 Oct - Approval of unaudited financial results for Q2 2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Product Profile:[1]
a) Mining Products:[2]
Drill Steel Inserts, Octagonal and Square Inserts, Tungsten Carbide Buttons, Bucket Wheel Excavation (BWE) Inserts, Carset/Cross Bits Inserts, Flow Beans/ Nozzles, etc.
b) Wear Parts:[3]
Tungsten Carbide Seal Rings, Pellets/Nibs, Jute Eyelets, etc.
c) Metal Cutting:[4]
2000 different varieties of standard tips, apart from custom-built special tips
d) Intermediates:[5]
Tungsten Metal Powder, Tungsten Carbide Powder, Fused Tungsten Carbide Powder, Ready to Press Powder, etc.
e) Finished Product:[6]
Stem and seat for High Pressure Control Valve, Tungsten Carbide Seat for pneumatic valve, Scarfing tools and Pressure/ Squeeze Rolls for ERW Tube, Forming tools for various Industry. Company supplies Flats, segments, Bushes, Rods, Brazed Tools etc. for various applications