Rasi Electrodes Ltd
Incorporated in 1995, Rasi Electrodes Ltd manufactures and markets welding electrodes
- Market Cap ₹ 90.3 Cr.
- Current Price ₹ 29.0
- High / Low ₹ 33.0 / 13.7
- Stock P/E 28.2
- Book Value ₹ 10.5
- Dividend Yield 0.00 %
- ROCE 13.0 %
- ROE 10.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 2.77 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 28.0%
- Company has a low return on equity of 9.72% 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: Capital Goods-Non Electrical Equipment Industry: Electrodes - Welding Equipment
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
23.09 | 20.64 | 23.29 | 23.08 | 26.84 | 34.24 | 47.43 | 45.96 | 39.45 | 68.38 | 87.53 | 83.83 | |
20.81 | 19.13 | 21.31 | 20.89 | 24.68 | 32.63 | 44.70 | 44.55 | 37.17 | 65.63 | 83.64 | 79.76 | |
Operating Profit | 2.28 | 1.51 | 1.98 | 2.19 | 2.16 | 1.61 | 2.73 | 1.41 | 2.28 | 2.75 | 3.89 | 4.07 |
OPM % | 9.87% | 7.32% | 8.50% | 9.49% | 8.05% | 4.70% | 5.76% | 3.07% | 5.78% | 4.02% | 4.44% | 4.86% |
0.19 | 0.34 | 0.55 | 0.69 | 0.57 | 0.62 | 0.54 | 0.71 | 0.85 | 1.17 | 1.42 | 1.05 | |
Interest | 0.75 | 0.62 | 0.44 | 0.38 | 0.49 | 0.71 | 0.68 | 0.46 | 0.37 | 0.46 | 0.46 | 0.18 |
Depreciation | 0.39 | 0.40 | 0.60 | 0.80 | 0.82 | 0.68 | 0.82 | 0.88 | 0.75 | 0.68 | 0.68 | 0.78 |
Profit before tax | 1.33 | 0.83 | 1.49 | 1.70 | 1.42 | 0.84 | 1.77 | 0.78 | 2.01 | 2.78 | 4.17 | 4.16 |
Tax % | 30.83% | 32.53% | 36.91% | 40.59% | 40.14% | -1.19% | 42.37% | 34.62% | 32.84% | 26.62% | 28.06% | 22.84% |
0.92 | 0.56 | 0.94 | 1.01 | 0.85 | 0.85 | 1.02 | 0.51 | 1.36 | 2.05 | 3.01 | 3.20 | |
EPS in Rs | 0.39 | 0.22 | 0.31 | 0.32 | 0.27 | 0.27 | 0.33 | 0.16 | 0.44 | 0.66 | 0.97 | 1.03 |
Dividend Payout % | 25.87% | 0.00% | 32.77% | 30.84% | 36.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 12% |
3 Years: | 29% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 25% |
3 Years: | 35% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 53% |
3 Years: | 69% |
1 Year: | 103% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 10% |
Last Year: | 10% |
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 | 4.76 | 4.97 | 6.16 | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 |
Reserves | 5.81 | 6.91 | 12.23 | 14.44 | 14.80 | 15.61 | 16.58 | 17.05 | 18.24 | 20.21 | 23.20 | 26.36 |
5.10 | 4.12 | 3.17 | 5.34 | 4.47 | 5.47 | 5.66 | 2.46 | 5.47 | 9.56 | 3.18 | 1.30 | |
2.36 | 1.46 | 3.71 | 1.75 | 1.91 | 2.15 | 2.47 | 2.83 | 2.72 | 2.29 | 2.02 | 3.41 | |
Total Liabilities | 18.03 | 17.46 | 25.27 | 27.76 | 27.41 | 29.46 | 30.94 | 28.57 | 32.66 | 38.29 | 34.63 | 37.30 |
3.35 | 3.75 | 6.29 | 6.50 | 5.99 | 5.85 | 6.87 | 7.12 | 6.47 | 6.29 | 6.74 | 6.88 | |
CWIP | 0.00 | 0.00 | 0.13 | 0.00 | 0.04 | 0.00 | 0.00 | 0.04 | 0.00 | 0.01 | 0.00 | 0.00 |
Investments | 0.03 | 0.18 | 0.02 | 0.79 | 0.76 | 0.47 | 0.44 | 0.21 | 0.32 | 0.54 | 0.51 | 0.75 |
14.65 | 13.53 | 18.83 | 20.47 | 20.62 | 23.14 | 23.63 | 21.20 | 25.87 | 31.45 | 27.38 | 29.67 | |
Total Assets | 18.03 | 17.46 | 25.27 | 27.76 | 27.41 | 29.46 | 30.94 | 28.57 | 32.66 | 38.29 | 34.63 | 37.30 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.38 | 2.95 | -3.25 | 0.02 | -0.50 | -0.25 | 1.54 | 4.38 | -2.42 | -3.90 | 7.50 | 4.40 | |
-1.23 | -0.61 | -2.83 | -1.34 | -0.36 | 0.20 | -1.43 | -0.81 | 0.39 | -0.34 | -0.85 | -0.58 | |
-0.15 | -1.08 | 5.98 | 1.63 | -1.38 | 0.29 | -0.49 | -3.66 | 2.63 | 3.63 | -6.84 | -2.06 | |
Net Cash Flow | 0.00 | 1.26 | -0.09 | 0.31 | -2.24 | 0.25 | -0.38 | -0.09 | 0.60 | -0.61 | -0.19 | 1.76 |
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 | 85.84 | 91.96 | 98.42 | 98.68 | 108.52 | 100.63 | 79.96 | 80.21 | 110.19 | 81.19 | 60.42 | 62.87 |
Inventory Days | 114.10 | 71.02 | 83.30 | 109.50 | 104.14 | 76.68 | 64.62 | 69.48 | 103.07 | 74.58 | 46.29 | 40.45 |
Days Payable | 16.08 | 9.65 | 16.11 | 3.83 | 8.80 | 12.71 | 13.05 | 14.11 | 8.65 | 0.90 | 0.10 | 5.19 |
Cash Conversion Cycle | 183.86 | 153.33 | 165.61 | 204.35 | 203.87 | 164.60 | 131.53 | 135.57 | 204.61 | 154.87 | 106.62 | 98.13 |
Working Capital Days | 179.10 | 171.01 | 219.88 | 253.98 | 251.58 | 215.76 | 161.30 | 145.33 | 211.41 | 157.73 | 108.38 | 112.16 |
ROCE % | 13.64% | 8.84% | 10.01% | 8.79% | 7.42% | 5.19% | 9.00% | 4.65% | 8.19% | 9.58% | 13.50% | 13.05% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
19 Jul - DP Compliance Certificate issued by RTA FQE 30.06.2024
- Closure of Trading Window 1 Jul
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - ANNUAL SECRETARIAL REPORT ISSUED BY PCS FYE 31.3.2024
- AUDITED FINANCIAL RESULTS FYE 31.3.2024 30 May
- Board Meeting Intimation for Approval Of Audited Results For Year And Quarter Ended 31St March 2024, Directors Report Thereon And All The Reports To Be Annexed Thereto 23 May
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Business Overview:[1][2]
Company is registered under MSME category. Company supplies Welding Consumables under the brand name RASI. Its products primarily fall into 2 categories viz., electrodes and copper coated mild steel wires – both of which are used in welding. Company also has plans to enter agro-trading business in future which is likely to be funded through internal accruals