Radhe Developers (India) Ltd

₹ 3.01 0.00%

23 Dec 9:05 a.m.

About

Incorporated in 1995, Radhe Developers (India) Ltd is engaged in the business of Real Estate Development

Key Points

Business Overview:
On the real estate development front, the company develops residential, commercial, plotting and social infrastructure projects. ^[1]

Website BSE

Market Cap ₹ 158 Cr.
Current Price ₹ 3.01
High / Low ₹ 4.78 / 2.81
Stock P/E
Book Value ₹ 1.14
Dividend Yield 0.00 %
ROCE -4.38 %
ROE -8.51 %
Face Value ₹ 1.00

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Pros

Cons

Company has low interest coverage ratio.
Company might be capitalizing the interest cost
Working capital days have increased from 437 days to 1,139 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.

Peer comparison

Sector: Realty Industry: Construction

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Detailed Comparison with:

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
	14.70	18.56	10.34	3.06	5.77	4.97	0.54	1.25	0.00	1.22	4.29	0.20	3.27
	2.45	2.50	5.18	2.22	2.60	2.39	5.70	1.42	1.12	2.62	4.54	0.80	1.27
Operating Profit	12.25	16.06	5.16	0.84	3.17	2.58	-5.16	-0.17	-1.12	-1.40	-0.25	-0.60	2.00
OPM %	83.33%	86.53%	49.90%	27.45%	54.94%	51.91%	-955.56%	-13.60%		-114.75%	-5.83%	-300.00%	61.16%
	0.00	0.03	-0.05	0.00	0.00	2.99	-2.00	-0.14	0.00	0.01	0.15	0.00	0.00
Interest	0.01	0.01	0.06	0.01	0.01	0.02	0.28	0.04	0.04	0.07	0.51	0.24	0.30
Depreciation	0.07	0.09	0.13	0.11	0.11	0.12	0.17	0.23	0.23	0.31	0.20	0.18	0.18
Profit before tax	12.17	15.99	4.92	0.72	3.05	5.43	-7.61	-0.58	-1.39	-1.77	-0.81	-1.02	1.52
Tax %	25.14%	9.26%	52.44%	33.33%	27.87%	28.18%	-22.86%	-8.62%	0.00%	-3.39%	22.22%	0.00%	2.63%
	9.11	14.51	2.34	0.47	2.20	3.90	-5.86	-0.53	-1.39	-1.71	-0.99	-1.02	1.49
EPS in Rs	0.18	0.29	0.05	0.01	0.04	0.08	-0.12	-0.01	-0.03	-0.03	-0.02	-0.02	0.03
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
	0.35	0.15	0.31	16.57	5.52	9.99	10.65	3.86	0.89	43.60	14.34	6.76	8.98
	0.76	0.62	1.04	12.30	5.75	9.06	10.04	5.21	3.08	10.82	12.89	9.55	9.23
Operating Profit	-0.41	-0.47	-0.73	4.27	-0.23	0.93	0.61	-1.35	-2.19	32.78	1.45	-2.79	-0.25
OPM %	-117.14%	-313.33%	-235.48%	25.77%	-4.17%	9.31%	5.73%	-34.97%	-246.07%	75.18%	10.11%	-41.27%	-2.78%
	0.03	-0.03	0.00	0.03	1.98	1.02	0.15	0.01	-0.25	0.02	0.99	-0.12	0.16
Interest	0.27	0.20	0.20	0.04	0.05	0.32	0.18	0.04	0.04	0.10	0.34	0.68	1.12
Depreciation	0.11	0.16	0.28	0.27	0.44	0.59	0.58	0.59	0.56	0.36	0.51	0.97	0.87
Profit before tax	-0.76	-0.86	-1.21	3.99	1.26	1.04	0.00	-1.97	-3.04	32.34	1.59	-4.56	-2.08
Tax %	-1.32%	-1.16%	-3.31%	25.81%	19.84%	39.42%		-3.05%	-4.28%	21.99%	55.35%	1.75%
	-0.75	-0.84	-1.17	2.97	1.01	0.63	-0.05	-1.91	-2.91	25.23	0.71	-4.63	-2.23
EPS in Rs	-0.01	-0.02	-0.02	0.06	0.02	0.01	-0.00	-0.04	-0.06	0.50	0.01	-0.09	-0.04
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	46%
5 Years:	-9%
3 Years:	97%
TTM:	33%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-32%
TTM:	43%

Stock Price CAGR
10 Years:	15%
5 Years:	32%
3 Years:	-38%
1 Year:	-34%

Return on Equity
10 Years:	5%
5 Years:	8%
3 Years:	14%
Last Year:	-9%

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	25.18	25.18	25.18	25.18	25.18	25.18	25.18	25.18	25.18	25.18	50.36	50.36	52.37
Reserves	7.84	7.01	5.82	8.78	8.24	8.88	8.83	6.93	4.02	29.26	4.80	0.19	7.20
	1.48	2.88	0.15	3.87	3.37	8.38	0.18	1.10	0.49	10.48	22.78	42.43	35.45
	27.43	34.31	39.60	27.56	25.16	21.49	25.39	26.85	28.60	34.10	47.92	46.90	45.33
Total Liabilities	61.93	69.38	70.75	65.39	61.95	63.93	59.58	60.06	58.29	99.02	125.86	139.88	140.35
	1.37	1.23	0.86	2.08	3.83	3.26	2.69	3.04	1.43	2.88	5.10	3.41	3.04
CWIP	0.41	0.41	0.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.08	0.08	0.09	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	60.07	67.66	69.39	63.30	58.12	60.67	56.89	57.02	56.86	96.14	120.76	136.47	137.31
Total Assets	61.93	69.38	70.75	65.39	61.95	63.93	59.58	60.06	58.29	99.02	125.86	139.88	140.35

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
	0.86	-7.30	-3.10	-5.04	2.81	-2.00	5.26	-0.14	-0.02	-8.39	-9.14	-18.66
	-0.60	-0.01	0.03	-0.93	-2.21	-0.03	0.00	-0.95	0.81	-1.78	-2.73	0.58
	0.20	6.80	5.86	3.69	-1.06	2.29	-5.34	0.93	-0.65	9.90	11.98	18.98
Net Cash Flow	0.46	-0.51	2.79	-2.29	-0.47	0.26	-0.09	-0.15	0.15	-0.26	0.11	0.90

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	761.29	2,263.00	941.94	68.51	7.93	4.75	0.69	0.95	4.10	0.08	0.25	16.74
Inventory Days				3,947.29	17,621.39	3,930.08	1,130.62	3,618.66	11,372.94
Days Payable				222.96	1,345.09	256.24	33.43	108.76	492.46
Cash Conversion Cycle	761.29	2,263.00	941.94	3,792.83	16,284.23	3,678.59	1,097.88	3,510.84	10,884.58	0.08	0.25	16.74
Working Capital Days	11,023.00	47,620.33	-8,654.03	15.64	970.69	614.54	346.15	833.07	1,418.99	-18.58	189.63	1,138.74
ROCE %	-1.37%	-1.75%	-3.02%	11.86%	3.56%	3.46%	0.47%	-5.73%	-8.74%	68.58%	2.70%	-4.38%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	43.92%	43.92%	43.92%	43.96%	44.09%	44.45%	44.49%	44.58%	44.98%	45.16%	45.16%	45.16%
	0.46%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	55.58%	56.02%	56.04%	56.00%	55.88%	55.50%	55.48%	55.38%	54.97%	54.79%	54.80%	54.80%
No. of Shareholders	15,815	15,620	15,113	23,426	24,492	25,597	31,398	35,071	38,506	44,866	44,249	45,242

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	39.74%	39.94%	41.50%	42.73%	43.05%	43.92%	44.45%	45.16%	45.16%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	60.22%	60.02%	58.46%	57.23%	56.91%	56.02%	55.50%	54.79%	54.80%
No. of Shareholders	16,046	15,213	14,575	14,140	13,597	15,620	25,597	44,866	45,242

* 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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Radhe Developers (India) Ltd

Radhe Developers (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports