Raasi Refractories Ltd

₹ 22.7 5.00%

23 Dec - close price

About

Incorporated in 1981, Raasi Refractories Ltd. manufactures and sells refractory bricks and allied products.

Key Points

Product Profile:^[1]
a) Basic Refractories: Magnesite, Magnesite chrome, Alumina spinel bricks, Burnt and chemically bonded bricks also with steel clads, Magnesia Carbon, etc.
b) Fire Clay and High Alumina Refractories: Medium, High and Super duty fire bricks, Blast furnace and Stove Refractories, Casting pit Refractories such as Ladle bricks, Sleeves, Stopper Heads and Well Blocks, etc.
c) Insulation Refractories: Cold and Hot face insulation Bricks
d) Monolithic: Low & Ultra low cement, Ramming, Patching, Spraying Mixes, Mortars with Hydraulically and Ceramically setting properties, etc.
e) Special Products:^[2] High Alumina, Zircon and Alumina Carbon Nozzles, Stopper Heads, Porus Plugs, Silica Bricks, Mullite Alumina Bushes, etc.

Website BSE

Market Cap ₹ 10.7 Cr.
Current Price ₹ 22.7
High / Low ₹ 54.7 / 18.7
Stock P/E
Book Value ₹ -28.0
Dividend Yield 0.00 %
ROCE 17.6 %
ROE %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Company has low interest coverage ratio.
Promoters have pledged 99.8% of their holding.
Company has high debtors of 286 days.

* 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: Refractories Industry: Refractories / Intermediates

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	19.92	18.92	14.10	9.07	11.13	16.08	22.78	2.34	16.91	7.76	13.33	9.79	11.63
	18.78	18.26	13.40	11.35	11.67	15.15	17.26	3.85	11.64	9.09	12.44	10.23	9.45
Operating Profit	1.14	0.66	0.70	-2.28	-0.54	0.93	5.52	-1.51	5.27	-1.33	0.89	-0.44	2.18
OPM %	5.72%	3.49%	4.96%	-25.14%	-4.85%	5.78%	24.23%	-64.53%	31.16%	-17.14%	6.68%	-4.49%	18.74%
	0.00	0.00	0.05	0.28	-0.27	0.00	0.06	0.00	0.00	0.04	0.03	0.74	-0.73
Interest	0.77	0.57	0.55	0.44	0.59	0.55	0.64	0.63	0.61	0.59	0.53	0.61	0.62
Depreciation	0.14	0.08	-0.01	0.07	0.07	0.07	0.21	0.11	0.11	0.11	0.48	0.20	0.20
Profit before tax	0.23	0.01	0.21	-2.51	-1.47	0.31	4.73	-2.25	4.55	-1.99	-0.09	-0.51	0.63
Tax %	0.00%	0.00%	-280.95%	0.00%	0.00%	0.00%	3.59%	0.00%	0.00%	0.00%	-66.67%	0.00%	0.00%
	0.22	0.01	0.80	-2.51	-1.47	0.31	4.55	-2.25	4.55	-1.99	-0.02	-0.51	0.63
EPS in Rs	0.47	0.02	1.70	-5.33	-3.12	0.66	9.65	-4.77	9.65	-4.22	-0.04	-1.08	1.34
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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
	35.84	15.08	13.21	9.67	7.23	21.75	41.27	48.22	20.91	62.89	59.07	40.33	42.51
	33.93	17.52	29.07	11.93	6.46	16.14	35.99	44.05	17.79	59.58	55.43	37.01	41.21
Operating Profit	1.91	-2.44	-15.86	-2.26	0.77	5.61	5.28	4.17	3.12	3.31	3.64	3.32	1.30
OPM %	5.33%	-16.18%	-120.06%	-23.37%	10.65%	25.79%	12.79%	8.65%	14.92%	5.26%	6.16%	8.23%	3.06%
	0.00	0.07	0.00	3.74	0.07	0.03	2.56	0.05	0.06	0.05	0.06	0.07	0.08
Interest	2.86	0.15	0.05	2.82	2.82	3.74	3.51	2.30	2.49	2.51	2.23	2.36	2.35
Depreciation	1.04	1.04	1.04	1.07	1.19	1.21	0.29	0.30	0.29	0.29	0.43	0.80	0.99
Profit before tax	-1.99	-3.56	-16.95	-2.41	-3.17	0.69	4.04	1.62	0.40	0.56	1.04	0.23	-1.96
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.31%	12.50%	-105.36%	16.35%	-26.09%
	-1.99	-3.56	-16.95	-2.40	-3.18	0.69	4.05	1.21	0.35	1.15	0.86	0.30	-1.89
EPS in Rs	-4.22	-7.55	-35.96	-5.09	-6.75	1.46	8.59	2.57	0.74	2.44	1.82	0.64	-4.00
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	10%
5 Years:	0%
3 Years:	24%
TTM:	-27%

Compounded Profit Growth
10 Years:	8%
5 Years:	-28%
3 Years:	-5%
TTM:	-126%

Stock Price CAGR
10 Years:	15%
5 Years:	41%
3 Years:	20%
1 Year:	4%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

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	4.71	4.71	4.71	4.71	4.71	4.71	4.71	4.71	4.71	4.71	4.71	4.71	4.71
Reserves	-0.48	-4.04	-20.96	-23.36	-26.54	-25.90	-21.90	-20.69	-20.34	-19.19	-18.32	-18.03	-17.91
	27.47	27.51	33.23	38.87	42.23	42.83	52.18	44.40	43.50	45.63	26.97	29.39	34.12
	6.74	9.07	12.68	13.17	14.25	47.06	11.69	7.20	8.51	13.35	33.00	37.80	36.22
Total Liabilities	38.44	37.25	29.66	33.39	34.65	68.70	46.68	35.62	36.38	44.50	46.36	53.87	57.14
	7.56	6.52	5.49	8.69	7.49	6.48	6.20	6.12	5.84	5.55	6.54	6.19	5.78
CWIP	2.29	2.29	2.54	2.60	2.65	2.66	2.68	2.68	2.68	2.68	2.68	2.68	2.68
Investments	0.98	0.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.61	27.46	21.63	22.10	24.51	59.56	37.80	26.82	27.86	36.27	37.14	45.00	48.68
Total Assets	38.44	37.25	29.66	33.39	34.65	68.70	46.68	35.62	36.38	44.50	46.36	53.87	57.14

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
	-0.01	3.74	-6.52	-3.43	1.06	-6.37	0.93	10.75	4.52	0.28	21.83	0.73
	0.03	0.07	0.73	-4.28	0.03	-0.19	0.15	-0.58	0.01	0.10	-1.46	-0.44
	1.22	-6.28	5.67	9.11	-2.23	6.93	-1.20	-10.08	-3.40	-0.39	-20.88	0.05
Net Cash Flow	1.24	-2.47	-0.11	1.40	-1.14	0.38	-0.12	0.08	1.13	0.00	-0.51	0.34

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	85.95	205.98	353.40	452.57	680.02	455.45	219.60	104.91	215.93	131.22	212.56	285.81
Inventory Days	192.79	390.76	78.01	333.79	1,127.57	555.99	73.40	93.35	374.46	71.23	2.72	97.22
Days Payable	48.13	152.31	87.36	471.86	1,370.45	577.13	9.79	8.13	73.52	57.62	101.71	214.13
Cash Conversion Cycle	230.62	444.43	344.05	314.50	437.14	434.32	283.22	190.13	516.87	144.83	113.57	168.90
Working Capital Days	172.62	261.65	40.62	209.11	258.98	290.32	267.54	179.09	400.96	152.70	50.17	96.93
ROCE %	2.98%	-11.39%	-74.84%	-17.58%	-1.72%	21.08%	17.87%	12.36%	10.27%	10.40%	14.69%	17.60%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	2.03%	2.07%	2.07%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%
	47.18%	47.14%	47.14%	47.15%	47.16%	47.16%	47.15%	47.16%	47.16%	47.16%	47.16%	47.17%
No. of Shareholders	5,730	5,795	5,754	5,758	5,771	5,764	5,748	5,725	5,687	5,646	5,669	5,672

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%	50.74%
	0.06%	0.06%	0.06%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	2.03%	2.03%	2.03%	2.03%	2.03%	2.07%	2.06%	2.06%	2.06%
	47.16%	47.16%	47.16%	47.18%	47.18%	47.14%	47.16%	47.16%	47.17%
No. of Shareholders	5,760	5,750	5,742	5,677	5,655	5,795	5,764	5,646	5,672

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Raasi Refractories Ltd

Raasi Refractories Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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