Neelkanth Ltd

₹ 39.3 -4.87%

02 Jul - close price

About

Incorporated in 1980, R.T. Exports Ltd is engaged in trading of agri products, mainly basmati rice

Key Points

Business Overview:^[1]^[2]
Company does export and local trading of agro products. It procures rice from various parts of country and exports it under brand White Pearl. Company also has a warehouse facility in Bundi, which it leases to Food Corporation of India and some other clients.

Website BSE

Market Cap ₹ 17.1 Cr.
Current Price ₹ 39.3
High / Low ₹ 57.2 / 28.2
Stock P/E 57.1
Book Value ₹ 21.8
Dividend Yield 0.00 %
ROCE 3.62 %
ROE 3.18 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Debtor days have improved from 178 to 113 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 1.18% over last 3 years.

* 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: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	2.34	0.00	0.00	0.00	5.21	0.00	2.17	1.00	0.00	0.68	2.01	2.00	1.03
	2.01	0.05	0.08	0.13	4.12	0.07	1.87	0.72	0.20	0.75	1.92	1.73	0.91
Operating Profit	0.33	-0.05	-0.08	-0.13	1.09	-0.07	0.30	0.28	-0.20	-0.07	0.09	0.27	0.12
OPM %	14.10%				20.92%		13.82%	28.00%		-10.29%	4.48%	13.50%	11.65%
	0.05	0.00	0.00	0.00	0.08	0.00	0.00	0.00	0.02	0.00	0.00	0.02	0.02
Interest	0.06	0.26	0.26	0.25	0.03	0.02	0.02	0.02	0.08	0.01	0.01	0.01	0.01
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Profit before tax	0.29	-0.34	-0.37	-0.41	1.11	-0.12	0.25	0.23	-0.29	-0.11	0.05	0.25	0.10
Tax %	0.00%	0.00%	0.00%	0.00%	5.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.29	-0.34	-0.36	-0.41	1.05	-0.12	0.25	0.24	-0.28	-0.11	0.05	0.25	0.11
EPS in Rs	0.66	-0.77	-0.82	-0.93	2.39	-0.27	0.57	0.55	-0.64	-0.25	0.11	0.57	0.25
Raw PDF

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
	4.30	4.97	8.17	1.24	1.26	3.23	4.64	2.70	2.34	5.21	3.17	5.72
	1.94	4.28	7.19	2.08	1.54	3.04	4.62	2.65	2.23	4.38	2.86	5.30
Operating Profit	2.36	0.69	0.98	-0.84	-0.28	0.19	0.02	0.05	0.11	0.83	0.31	0.42
OPM %	54.88%	13.88%	12.00%	-67.74%	-22.22%	5.88%	0.43%	1.85%	4.70%	15.93%	9.78%	7.34%
	-0.55	0.76	1.67	1.14	0.44	0.01	0.20	0.17	0.05	0.08	0.02	0.04
Interest	0.51	1.00	2.11	0.17	0.94	0.96	0.59	0.04	0.10	0.80	0.14	0.05
Depreciation	0.71	0.37	0.40	0.12	0.10	0.11	0.25	0.10	0.11	0.11	0.10	0.10
Profit before tax	0.59	0.08	0.14	0.01	-0.88	-0.87	-0.62	0.08	-0.05	0.00	0.09	0.31
Tax %	27.12%	75.00%	-357.14%	-7,000.00%	37.50%	31.03%	20.97%	12.50%	0.00%		0.00%	0.00%
	0.42	0.01	0.64	0.71	-0.55	-0.60	-0.48	0.07	-0.05	-0.06	0.09	0.30
EPS in Rs	0.95	0.02	1.45	1.61	-1.25	-1.36	-1.09	0.16	-0.11	-0.14	0.20	0.68
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:	1%
5 Years:	4%
3 Years:	35%
TTM:	80%

Compounded Profit Growth
10 Years:	25%
5 Years:	20%
3 Years:	100%
TTM:	233%

Stock Price CAGR
10 Years:	10%
5 Years:	57%
3 Years:	144%
1 Year:	21%

Return on Equity
10 Years:	-2%
5 Years:	1%
3 Years:	1%
Last Year:	3%

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
Equity Capital	4.36	4.36	4.36	4.36	4.36	4.36	4.36	4.36	4.36	4.36	4.36	4.36
Reserves	7.37	7.38	7.35	4.50	5.93	5.35	4.88	4.95	4.90	4.84	4.93	5.23
Preference Capital	14.95	14.95	14.95	14.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	12.05	18.78	20.60	5.22	17.80	14.38	15.12	15.67	15.56	0.62	0.57	0.47
	22.04	18.62	17.30	18.83	3.55	1.29	0.54	0.47	0.50	2.73	0.22	1.08
Total Liabilities	45.82	49.14	49.61	32.91	31.64	25.38	24.90	25.45	25.32	12.55	10.08	11.14
	7.47	16.26	15.66	1.54	1.45	1.33	1.07	1.54	1.43	1.32	1.23	1.12
CWIP	3.85	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	34.49	32.87	33.95	31.37	30.19	24.05	23.83	23.91	23.89	11.23	8.85	10.02
Total Assets	45.82	49.14	49.61	32.91	31.64	25.38	24.90	25.45	25.32	12.55	10.08	11.14

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
	7.97	-2.38	0.04	3.18	-0.44	-1.72	-0.37	0.07	0.24	15.96	-0.12	0.07
	-5.98	-4.95	0.03	10.78	1.41	6.00	0.21	-0.58	0.00	0.01	-0.01	0.00
	-3.43	6.24	0.21	-14.22	-0.88	-4.40	0.16	0.51	-0.18	-15.68	-0.11	-0.15
Net Cash Flow	-1.44	-1.09	0.27	-0.26	0.10	-0.12	-0.01	0.00	0.06	0.28	-0.25	-0.08

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	9.34	5.88	53.61	73.59	75.32	32.77	6.29	17.57	9.36	243.80	0.00	112.95
Inventory Days		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	752.62	371.61
Days Payable											9.05	57.73
Cash Conversion Cycle	9.34	5.88	53.61	73.59	75.32	32.77	6.29	17.57	9.36	243.80	743.57	426.83
Working Capital Days	88.28	289.36	130.01	-771.21	-805.32	-92.66	-31.47	-39.20	-65.51	551.35	947.62	440.30
ROCE %	6.21%	2.30%	2.61%	-1.60%	-0.88%	0.34%	-0.91%	0.41%	0.20%	4.62%	2.34%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	66.16%	66.16%	66.16%	66.16%	66.16%	66.17%	70.81%	70.81%	70.81%	70.81%	70.81%	70.81%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	33.82%	33.82%	33.82%	33.82%	33.82%	33.82%	29.18%	29.18%	29.18%	29.18%	29.18%	29.17%
No. of Shareholders	2,180	2,188	2,209	2,198	2,197	2,196	2,331	2,373	2,347	2,296	2,264	2,261

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	66.12%	71.02%	71.02%	71.06%	66.16%	66.16%	70.81%	70.81%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	33.86%	28.96%	28.96%	28.92%	33.82%	33.82%	29.18%	29.17%
No. of Shareholders	2,229	2,211	2,205	2,189	2,188	2,198	2,373	2,261

* 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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Neelkanth Ltd

Neelkanth Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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