RIR Power Electronics Ltd

RIR Power Electronics Ltd

₹ 3,415 4.50%
14 Nov - close price
About

Ruttonsha is engaged in manufacturing of traditional semiconductor devices such as bridges, power modules, diodes , rectifiers and thyristors. [1]

Key Points

Business Segment
Semiconductor devices: It manufactures low and high-power semiconductor devices like diodes, thyristors modules, and bridge rectifiers by processing chips from 28mm to 125 mm in diameter.
Power Equipment: It manufactures equipment like Rectifiers, Battery Chargers, High Power Stacks, and Rectifier Panels used in diverse industrial sectors. [1]

  • Market Cap 2,512 Cr.
  • Current Price 3,415
  • High / Low 4,879 / 711
  • Stock P/E 287
  • Book Value 128
  • Dividend Yield 0.06 %
  • ROCE 23.7 %
  • ROE 20.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 25.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.2%

Cons

  • Stock is trading at 26.7 times its book value
  • Promoter holding has decreased over last quarter: -4.46%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
10.57 11.74 11.36 12.11 14.91 14.06 16.26 13.87 16.61 14.71 21.57 21.05 18.82
8.94 10.81 10.02 10.48 12.40 11.74 14.53 12.08 13.99 13.09 17.63 17.68 16.36
Operating Profit 1.63 0.93 1.34 1.63 2.51 2.32 1.73 1.79 2.62 1.62 3.94 3.37 2.46
OPM % 15.42% 7.92% 11.80% 13.46% 16.83% 16.50% 10.64% 12.91% 15.77% 11.01% 18.27% 16.01% 13.07%
-0.75 0.34 0.55 0.48 0.54 0.58 1.09 0.87 0.69 0.50 0.73 0.60 0.45
Interest 0.16 0.13 0.17 0.17 0.22 0.29 0.36 0.32 0.30 0.32 0.31 0.34 0.31
Depreciation 0.26 0.27 0.27 0.30 0.30 0.30 0.30 0.26 0.26 0.27 0.28 0.16 0.19
Profit before tax 0.46 0.87 1.45 1.64 2.53 2.31 2.16 2.08 2.75 1.53 4.08 3.47 2.41
Tax % -39.13% 36.78% 32.41% 29.88% 28.46% 1.30% 33.80% 25.00% 27.64% 5.88% 27.21% 18.44% 36.51%
0.63 0.55 0.97 1.16 1.81 2.28 1.43 1.56 1.99 1.43 2.97 2.83 1.53
EPS in Rs 0.91 0.79 1.39 1.67 2.60 3.28 2.06 2.24 2.86 2.06 4.27 4.07 2.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
29.94 22.42 26.99 28.96 28.26 31.80 43.05 33.58 30.07 42.33 57.33 66.76 76.15
25.49 20.78 24.62 25.58 25.02 28.41 37.94 30.77 27.20 37.46 49.13 56.79 64.76
Operating Profit 4.45 1.64 2.37 3.38 3.24 3.39 5.11 2.81 2.87 4.87 8.20 9.97 11.39
OPM % 14.86% 7.31% 8.78% 11.67% 11.46% 10.66% 11.87% 8.37% 9.54% 11.50% 14.30% 14.93% 14.96%
0.51 0.60 0.42 0.32 0.29 0.27 0.53 0.82 0.68 0.54 2.68 2.79 2.28
Interest 1.30 1.40 1.41 1.37 1.48 1.36 1.00 0.84 0.58 0.64 1.04 1.25 1.28
Depreciation 1.18 1.13 1.13 1.13 1.15 1.15 1.08 1.13 1.12 1.07 1.19 1.07 0.90
Profit before tax 2.48 -0.29 0.25 1.20 0.90 1.15 3.56 1.66 1.85 3.70 8.65 10.44 11.49
Tax % 22.58% 0.00% -24.00% 20.83% 25.56% 30.43% 26.97% 15.06% 28.11% 24.05% 22.66% 23.75%
1.92 -0.29 0.31 0.95 0.67 0.79 2.60 1.42 1.33 2.82 6.68 7.96 8.76
EPS in Rs 2.76 -0.42 0.45 1.37 0.96 1.14 3.74 2.04 1.91 4.05 9.60 11.44 12.48
Dividend Payout % 27.19% 0.00% 0.00% 0.00% 0.00% 0.00% 26.46% 0.00% 0.00% 24.47% 15.58% 17.49%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 30%
TTM: 25%
Compounded Profit Growth
10 Years: 39%
5 Years: 25%
3 Years: 82%
TTM: 21%
Stock Price CAGR
10 Years: 70%
5 Years: 140%
3 Years: 241%
1 Year: 262%
Return on Equity
10 Years: 12%
5 Years: 16%
3 Years: 20%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 6.96 6.96 6.96 6.96 6.87 6.88 6.88 6.88 6.88 6.90 6.94 6.96 7.36
Reserves 6.43 6.13 6.45 7.40 9.66 10.63 13.24 13.77 15.18 19.23 26.80 36.15 86.81
12.95 13.25 12.62 12.71 9.92 10.21 7.64 5.55 3.29 6.86 9.88 11.83 12.67
8.79 6.51 7.20 9.72 8.50 10.87 8.44 5.58 8.32 8.77 9.45 32.66 20.67
Total Liabilities 35.13 32.85 33.23 36.79 34.95 38.59 36.20 31.78 33.67 41.76 53.07 87.60 127.51
11.90 11.18 10.39 9.72 9.10 8.20 7.50 7.00 6.28 7.77 6.46 7.05 8.82
CWIP 0.07 0.04 0.05 0.05 0.00 0.00 0.00 0.05 0.70 0.00 0.04 0.37 27.05
Investments 0.08 0.08 0.08 0.08 0.00 0.00 0.00 0.00 0.00 2.10 2.10 2.10 2.10
23.08 21.55 22.71 26.94 25.85 30.39 28.70 24.73 26.69 31.89 44.47 78.08 89.54
Total Assets 35.13 32.85 33.23 36.79 34.95 38.59 36.20 31.78 33.67 41.76 53.07 87.60 127.51

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.19 1.68 1.90 1.10 2.12 1.00 3.86 4.51 3.74 1.55 -3.29 2.05
-0.39 -0.25 -0.14 -0.32 -0.33 0.09 -0.32 -0.64 -1.01 -4.26 -0.58 -2.12
-1.77 -1.53 -1.86 -0.96 -1.86 -1.07 -3.58 -3.83 -2.78 2.71 3.88 21.65
Net Cash Flow 0.03 -0.10 -0.09 -0.18 -0.07 0.03 -0.04 0.04 -0.05 0.00 0.01 21.59

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 173.60 150.59 124.28 147.59 179.66 162.07 120.39 109.57 136.80 90.02 104.73 105.63
Inventory Days 120.74 250.94 225.18 251.04 207.89 254.04 159.04 225.38 250.49 210.12 182.50 166.78
Days Payable 81.30 81.62 78.23 122.73 87.35 122.98 63.84 48.28 103.68 79.12 65.99 65.70
Cash Conversion Cycle 213.05 319.91 271.23 275.90 300.19 293.13 215.60 286.66 283.61 221.02 221.24 206.71
Working Capital Days 182.13 253.32 221.38 228.00 248.37 242.87 180.85 219.24 228.44 198.41 220.03 210.16
ROCE % 14.75% 4.06% 6.34% 9.68% 8.89% 9.27% 16.44% 9.27% 9.43% 18.62% 25.30% 23.72%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.80% 71.75% 71.75% 71.75% 71.74% 71.74% 71.74% 71.51% 70.50% 69.73% 69.00% 64.54%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 5.45%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
28.18% 28.23% 28.23% 28.25% 28.24% 28.25% 28.24% 28.48% 29.48% 30.26% 30.97% 29.99%
No. of Shareholders 4,0248,1099,0369,6748,8348,3757,9368,06010,40911,86316,70921,403

* 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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