Rajoo Engineers Ltd

Rajoo Engineers Ltd

₹ 393 -0.22%
21 Nov - close price
About

Rajoo Engineers Limited was incorporated in 1986 and is promoted by Mr. C.N. Doshi and Mr. R.N. Doshi. It manufactures plastic-extrusion machinery in Gujarat. The company designs and manufactures machines and offers customised solutions as per customer's requirement.
The head office of the co. is in Gujarat.[1]

Key Points

Products & Platforms
Mono & Multilayer Blown Film Lines: Foilextm, etc.
Mono & Multilayer Extrusion Coating & Lamination Line: Lamextm
Cross Lamination Film Line: Multifoil -X, etc. [1]

  • Market Cap 4,834 Cr.
  • Current Price 393
  • High / Low 444 / 78.4
  • Stock P/E 197
  • Book Value 11.4
  • Dividend Yield 0.06 %
  • ROCE 23.7 %
  • ROE 17.5 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.6% CAGR over last 5 years

Cons

  • Stock is trading at 34.5 times its book value
  • The company has delivered a poor sales growth of 10.0% over past five years.
  • Working capital days have increased from 48.6 days to 74.4 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.

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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
36.99 42.43 59.89 18.00 33.63 36.58 71.43 31.21 53.53 59.95 52.68 50.87 56.81
31.76 37.03 51.58 17.40 30.04 33.42 64.95 28.29 46.36 52.32 43.72 43.75 47.67
Operating Profit 5.23 5.40 8.31 0.60 3.59 3.16 6.48 2.92 7.17 7.63 8.96 7.12 9.14
OPM % 14.14% 12.73% 13.88% 3.33% 10.67% 8.64% 9.07% 9.36% 13.39% 12.73% 17.01% 14.00% 16.09%
0.39 0.34 1.52 1.29 0.44 0.64 0.58 1.23 0.92 1.11 0.68 1.08 1.42
Interest 0.11 0.07 0.05 0.04 0.07 0.07 0.14 0.09 0.15 0.17 0.26 0.16 0.16
Depreciation 0.87 0.87 0.84 0.84 0.86 0.87 0.90 0.87 0.86 0.90 0.91 0.99 1.05
Profit before tax 4.64 4.80 8.94 1.01 3.10 2.86 6.02 3.19 7.08 7.67 8.47 7.05 9.35
Tax % 27.80% 31.46% 20.47% 25.74% 25.16% 19.58% 22.92% 22.88% 25.42% 25.68% 26.21% 24.11% 22.67%
3.35 3.29 7.10 0.75 2.32 2.31 4.64 2.46 5.29 5.71 6.25 5.34 7.24
EPS in Rs 0.27 0.27 0.58 0.06 0.19 0.19 0.38 0.20 0.43 0.46 0.51 0.43 0.59
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
91 101 117 107 111 145 122 93 152 172 160 197 220
85 93 106 97 99 124 108 86 134 151 146 170 187
Operating Profit 5 8 11 10 12 21 14 7 19 21 14 27 33
OPM % 6% 7% 9% 9% 11% 15% 12% 8% 12% 12% 9% 14% 15%
0 0 0 0 1 1 1 0 1 3 3 4 4
Interest 1 1 0 0 1 1 2 2 1 0 0 1 1
Depreciation 2 2 3 3 2 3 4 4 3 3 3 4 4
Profit before tax 3 5 8 7 10 18 9 2 15 20 13 26 33
Tax % 33% 33% 32% 35% 36% 34% 15% 9% 30% 26% 23% 25%
2 3 5 5 6 12 8 1 10 15 10 20 25
EPS in Rs 0.23 0.30 0.45 0.39 0.54 0.98 0.64 0.12 0.84 1.20 0.81 1.60 1.99
Dividend Payout % 30% 34% 28% 32% 23% 13% 8% 0% 0% 10% 21% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 9%
TTM: 14%
Compounded Profit Growth
10 Years: 19%
5 Years: 20%
3 Years: 23%
TTM: 67%
Stock Price CAGR
10 Years: 52%
5 Years: 128%
3 Years: 225%
1 Year: 411%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 15%
Last Year: 17%

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 4 6 6 6 6 6 6 6 6 6 6 6 12
Reserves 23 25 28 31 38 54 60 61 72 88 96 113 128
19 0 4 7 7 15 19 8 3 0 2 1 0
17 44 35 34 55 74 42 65 64 54 70 99 159
Total Liabilities 62 74 74 78 105 149 127 141 146 148 174 220 300
17 20 20 18 29 47 47 43 41 38 37 42 50
CWIP 0 0 2 6 1 2 1 2 2 3 3 5 1
Investments 1 6 7 3 2 2 2 2 2 13 11 4 14
45 48 45 50 73 98 77 94 102 94 124 168 234
Total Assets 62 74 74 78 105 149 127 141 146 148 174 220 300

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
1 14 2 17 8 14 -9 22 15 22 19 1
-1 -7 -4 -6 -7 -30 7 -6 -10 -12 -13 -11
-5 -4 0 -4 -1 11 -1 -14 -6 -3 -2 -3
Net Cash Flow -4 2 -2 8 1 -4 -3 3 -0 7 3 -13

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 30 36 59 44 79 9 47 46 27 10 38 29
Inventory Days 166 123 72 63 136 240 207 429 214 182 209 320
Days Payable 67 93 68 83 133 115 99 214 90 68 74 92
Cash Conversion Cycle 130 66 62 24 82 133 155 261 152 124 173 258
Working Capital Days 115 13 34 31 36 31 104 78 52 39 32 74
ROCE % 9% 15% 23% 19% 23% 31% 14% 5% 20% 23% 12% 24%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.84% 65.84% 65.84% 65.84% 65.84% 65.84% 66.33% 66.33% 66.49% 66.56% 66.56% 66.56%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.51% 0.37% 0.27% 0.18%
34.15% 34.15% 34.15% 34.15% 34.16% 34.15% 33.67% 33.67% 32.99% 33.07% 33.16% 33.25%
No. of Shareholders 13,12438,51036,91234,16732,34030,93225,94423,35423,48321,23422,30438,063

* 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.

Click on the line-items to see the names of individual entities.

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