RACL Geartech Ltd

RACL Geartech Ltd

₹ 1,207 2.05%
02 Jul - close price
About

RACL Geartech Limited, formerly Raunaq Automotive Components Limited, is an India-based company, which is engaged in automotive gears and components business.

Key Points

Marquee Clients
Co. is supplying to top global OEMs like BMW Motorrad (Germany), Kubota Corporation (Japan, Thailand, and USA), IT Switzerland, KTM AG (Austria), Schneider Electric (Germany), Dana (Italy and China, etc.[1]
Company supplies high precision gears to premium auto customers, and maintain a strong and resilient supply chain network. They have achieved defect free quality production with 100% On-Time deliveries.[2]

  • Market Cap 1,301 Cr.
  • Current Price 1,207
  • High / Low 1,525 / 1,011
  • Stock P/E 32.7
  • Book Value 190
  • Dividend Yield 0.12 %
  • ROCE 17.9 %
  • ROE 21.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 31.0% CAGR over last 5 years

Cons

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
67.26 57.17 69.01 74.82 70.21 78.23 87.68 96.88 95.43 88.44 101.56 113.43 113.86
50.04 44.22 53.67 58.73 57.41 63.17 67.36 73.45 72.70 66.43 77.95 86.26 90.46
Operating Profit 17.22 12.95 15.34 16.09 12.80 15.06 20.32 23.43 22.73 22.01 23.61 27.17 23.40
OPM % 25.60% 22.65% 22.23% 21.50% 18.23% 19.25% 23.18% 24.18% 23.82% 24.89% 23.25% 23.95% 20.55%
1.73 0.35 0.51 0.25 2.77 2.59 2.53 3.13 0.88 1.18 1.58 1.93 1.06
Interest 1.93 2.27 2.36 3.47 4.30 5.16 5.16 5.51 4.82 5.00 5.77 6.06 6.80
Depreciation 7.51 4.08 3.66 3.89 4.08 4.42 4.54 4.82 4.92 6.54 5.79 6.10 6.12
Profit before tax 9.51 6.95 9.83 8.98 7.19 8.07 13.15 16.23 13.87 11.65 13.63 16.94 11.54
Tax % 23.87% 27.34% 33.47% 16.26% 32.82% 25.03% 25.02% 26.06% 31.22% 24.64% 25.17% 26.74% 27.04%
7.24 5.05 6.54 7.53 4.84 6.05 9.86 12.00 9.54 8.78 10.20 12.41 8.42
EPS in Rs 6.72 4.68 6.07 6.98 4.49 5.61 9.15 11.13 8.85 8.14 9.46 11.51 7.81
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
95 104 107 117 116 136 190 212 204 271 358 417
85 90 92 103 101 118 158 169 152 213 276 321
Operating Profit 10 14 16 15 15 18 32 43 52 58 83 96
OPM % 10% 13% 15% 13% 13% 13% 17% 20% 25% 21% 23% 23%
2 0 0 0 1 1 0 -1 3 3 8 6
Interest 6 6 7 6 5 6 6 8 8 12 21 24
Depreciation 3 4 4 4 4 5 8 11 16 16 19 25
Profit before tax 2 3 5 6 6 9 17 22 30 33 51 54
Tax % 36% 45% 28% 35% 21% 9% 44% 22% 22% 27% 27% 26%
2 2 4 4 5 8 10 17 23 24 37 40
EPS in Rs 1.76 2.09 3.61 3.73 5.18 7.92 9.50 15.75 21.69 22.21 34.74 36.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 6% 5% 4% 4% 4%
Compounded Sales Growth
10 Years: 15%
5 Years: 17%
3 Years: 27%
TTM: 16%
Compounded Profit Growth
10 Years: 36%
5 Years: 31%
3 Years: 19%
TTM: 4%
Stock Price CAGR
10 Years: 55%
5 Years: 74%
3 Years: 51%
1 Year: 1%
Return on Equity
10 Years: 20%
5 Years: 23%
3 Years: 23%
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
Equity Capital 9 9 10 10 10 10 10 11 11 11 11 11
Reserves 25 27 31 35 38 45 56 74 97 121 157 194
39 39 37 30 54 66 85 88 109 165 203 289
32 36 34 32 30 36 45 49 54 55 73 86
Total Liabilities 104 111 111 107 131 157 196 222 271 351 444 580
52 62 60 62 64 72 95 108 140 178 227 304
CWIP 5 1 0 0 0 0 0 0 1 4 2 6
Investments 0 0 0 0 0 0 0 0 0 0 0 0
47 48 51 45 67 85 101 114 130 170 215 270
Total Assets 104 111 111 107 131 157 196 222 271 351 444 580

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
-4 6 4 10 9 5 19 33 39 11 60 35
-7 -10 -2 -7 -5 -13 -31 -26 -49 -55 -76 -93
11 4 -2 -3 -4 7 11 -7 10 44 17 55
Net Cash Flow 0 1 0 0 -0 -1 -0 -0 0 -0 2 -2

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 68 55 58 27 98 109 98 92 99 104 86 101
Inventory Days 173 184 230 219 230 251 206 222 254 230 318 354
Days Payable 160 200 160 116 136 158 123 102 169 119 126 140
Cash Conversion Cycle 82 39 128 130 193 202 181 212 184 215 278 314
Working Capital Days 45 39 51 37 123 130 113 113 140 151 141 174
ROCE % 13% 13% 15% 15% 13% 13% 18% 20% 20% 18% 22%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.35% 53.37% 53.40% 53.45% 53.45% 53.41% 53.39% 53.38% 53.35% 53.35% 53.34% 53.30%
0.06% 0.08% 0.08% 0.08% 0.09% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
0.01% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
46.58% 46.54% 46.51% 46.47% 46.46% 46.51% 46.53% 46.54% 46.58% 46.58% 46.58% 46.62%
No. of Shareholders 11,63313,40813,36613,92913,67213,37112,95012,82613,34714,92416,70416,395

* 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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Documents

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