Rasi Electrodes Ltd

Rasi Electrodes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rasi Electrodes Ltd

₹ 32.3 -4.91%
21 Nov - close price
rasielectrodes.com BSE: 531233
About

Incorporated in 1995, Rasi Electrodes Ltd manufactures and markets welding electrodes

Key Points

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

Website BSE
  • Market Cap ₹ 101 Cr.
  • Current Price ₹ 32.3
  • High / Low ₹ 45.2 / 18.0
  • Stock P/E 28.0
  • Book Value ₹ 11.1
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 10.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 2.92 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 9.66% 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

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Quarterly Results

Figures in Rs. Crores

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
17.98 17.74 20.87 21.83 22.15 20.67 22.87 18.80 21.55 20.75 22.74 21.25 20.63
17.08 17.12 20.37 20.74 21.16 19.67 22.06 18.13 20.20 19.83 21.62 19.93 19.39
Operating Profit 0.90 0.62 0.50 1.09 0.99 1.00 0.81 0.67 1.35 0.92 1.12 1.32 1.24
OPM % 5.01% 3.49% 2.40% 4.99% 4.47% 4.84% 3.54% 3.56% 6.26% 4.43% 4.93% 6.21% 6.01%
0.32 0.39 0.36 0.12 0.50 0.25 0.54 0.27 0.06 0.28 0.44 0.07 0.29
Interest 0.12 0.10 0.16 0.14 0.09 0.09 0.13 0.07 0.01 0.06 0.03 0.04 0.02
Depreciation 0.19 0.19 0.11 0.17 0.17 0.17 0.17 0.15 0.15 0.15 0.33 0.20 0.20
Profit before tax 0.91 0.72 0.59 0.90 1.23 0.99 1.05 0.72 1.25 0.99 1.20 1.15 1.31
Tax % 25.27% 29.17% 30.51% 25.56% 26.02% 0.00% 35.24% 22.22% 24.80% 25.25% 19.17% 5.22% 38.17%
0.68 0.52 0.41 0.67 0.92 0.99 0.68 0.56 0.93 0.74 0.97 1.09 0.80
EPS in Rs 0.22 0.17 0.13 0.22 0.30 0.32 0.22 0.18 0.30 0.24 0.31 0.35 0.26
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 TTM
23.09 20.64 23.29 23.08 26.84 34.24 47.43 45.96 39.45 68.38 87.53 83.83 85.37
20.81 19.13 21.31 20.89 24.68 32.63 44.70 44.55 37.17 65.63 83.64 79.76 80.77
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 4.60
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% 5.39%
0.19 0.34 0.55 0.69 0.57 0.62 0.54 0.71 0.85 1.17 1.42 1.05 1.08
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 0.15
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 0.88
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 4.65
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 3.60
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 1.16
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: 2%
Compounded Profit Growth
10 Years: 20%
5 Years: 24%
3 Years: 35%
TTM: 14%
Stock Price CAGR
10 Years: 9%
5 Years: 65%
3 Years: 68%
1 Year: 31%
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 Sep 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 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 28.27
5.10 4.12 3.17 5.34 4.47 5.47 5.66 2.46 5.47 9.56 3.18 1.30 2.03
2.36 1.46 3.71 1.75 1.91 2.15 2.47 2.83 2.72 2.29 2.02 3.42 2.37
Total Liabilities 18.03 17.46 25.27 27.76 27.41 29.46 30.94 28.57 32.66 38.29 34.63 37.31 38.90
3.35 3.75 6.29 6.50 5.99 5.85 6.87 7.12 6.47 6.29 6.74 6.88 6.37
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 0.04
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 1.76
14.65 13.53 18.83 20.47 20.62 23.14 23.63 21.20 25.87 31.45 27.38 29.68 30.73
Total Assets 18.03 17.46 25.27 27.76 27.41 29.46 30.94 28.57 32.66 38.29 34.63 37.31 38.90

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 -0.18 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 48.16 42.01
Days Payable 16.08 9.65 16.11 3.83 8.80 12.71 13.05 14.11 8.65 0.90 0.10 5.39
Cash Conversion Cycle 183.86 153.33 165.61 204.35 203.87 164.60 131.53 135.57 204.61 154.87 108.48 99.49
Working Capital Days 179.10 171.01 219.88 253.98 251.58 215.76 161.30 145.33 211.41 157.73 108.38 108.89
ROCE % 13.64% 8.84% 10.01% 8.79% 7.42% 5.19% 9.00% 4.65% 8.19% 9.58% 13.50% 12.84%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96%
72.04% 72.04% 72.04% 72.04% 72.03% 72.05% 72.04% 72.04% 72.04% 72.05% 72.04% 72.05%
No. of Shareholders 5,3426,6536,6197,1386,9056,7116,7617,1629,44014,59615,38319,204

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