Radix Industries (India) Ltd

Radix Industries (India) Ltd

₹ 150 1.08%
04 Jul 3:40 p.m.
About

Incorporated in 1998, Radix Industries
Ltd does manufacturing and selling of
human hair products[1]

Key Points

History:[1]
Company was earlier involved in bottling of LPG and supplying for domestic and commercial use. It was acquired by the promoters of Arqube Industries (India) in 2011. Post-acquisition, the line of business changed from storage and marketing of gas to export of human hair, wigs and its related products

  • Market Cap 225 Cr.
  • Current Price 150
  • High / Low 180 / 75.1
  • Stock P/E 101
  • Book Value 12.6
  • Dividend Yield 0.66 %
  • ROCE 16.6 %
  • ROE 12.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 77.0%

Cons

  • Stock is trading at 11.9 times its book value
  • Company has a low return on equity of 9.64% 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: Miscellaneous Industry: Personal Care - Indian

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Quarterly Results

Figures in Rs. Crores

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
3.60 3.80 6.58 4.74 10.30 2.93 4.57 9.66 9.11 7.11 9.83 8.14 7.93
3.03 3.36 5.87 4.07 9.68 2.56 3.95 8.94 8.43 6.42 9.21 7.04 6.99
Operating Profit 0.57 0.44 0.71 0.67 0.62 0.37 0.62 0.72 0.68 0.69 0.62 1.10 0.94
OPM % 15.83% 11.58% 10.79% 14.14% 6.02% 12.63% 13.57% 7.45% 7.46% 9.70% 6.31% 13.51% 11.85%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.07 0.01 0.03
Interest 0.08 0.07 0.06 0.18 0.07 0.10 0.07 0.10 0.01 0.06 0.06 0.19 0.06
Depreciation 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.04 0.02 0.02 0.02 0.03
Profit before tax 0.48 0.36 0.64 0.48 0.54 0.26 0.54 0.62 0.63 0.62 0.61 0.90 0.88
Tax % 18.75% 25.00% 25.00% 25.00% 27.78% 26.92% 25.93% 24.19% 25.40% 25.81% 24.59% 25.56% 26.14%
0.38 0.27 0.48 0.36 0.39 0.19 0.40 0.46 0.47 0.46 0.45 0.67 0.65
EPS in Rs 0.25 0.18 0.32 0.24 0.26 0.13 0.27 0.31 0.31 0.31 0.30 0.45 0.43
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
7.97 23.54 56.00 30.13 13.86 12.07 10.70 10.58 27.50 25.42 26.27 33.00
7.00 21.06 47.87 26.17 11.51 9.84 8.61 8.57 25.28 22.96 23.84 29.67
Operating Profit 0.97 2.48 8.13 3.96 2.35 2.23 2.09 2.01 2.22 2.46 2.43 3.33
OPM % 12.17% 10.54% 14.52% 13.14% 16.96% 18.48% 19.53% 19.00% 8.07% 9.68% 9.25% 10.09%
0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13
Interest 0.09 0.19 0.66 0.80 0.34 0.45 0.32 0.28 0.30 0.40 0.32 0.36
Depreciation 0.06 0.09 0.10 0.08 0.06 0.05 0.04 0.04 0.03 0.03 0.06 0.09
Profit before tax 0.82 2.20 7.38 3.08 1.95 1.73 1.73 1.69 1.89 2.03 2.05 3.01
Tax % 6.10% 32.27% 33.60% 34.09% 35.38% 27.17% 28.32% 30.18% 25.93% 25.62% 25.37% 25.58%
0.77 1.48 4.90 2.03 1.25 1.26 1.25 1.19 1.41 1.51 1.53 2.23
EPS in Rs 0.51 0.99 3.27 1.35 0.83 0.84 0.83 0.79 0.94 1.01 1.02 1.49
Dividend Payout % 0.00% 0.00% 20.41% 49.26% 80.00% 79.37% 80.00% 63.07% 53.23% 99.40% 98.10% 33.65%
Compounded Sales Growth
10 Years: 3%
5 Years: 25%
3 Years: 6%
TTM: 26%
Compounded Profit Growth
10 Years: 4%
5 Years: 12%
3 Years: 17%
TTM: 46%
Stock Price CAGR
10 Years: -4%
5 Years: 21%
3 Years: 57%
1 Year: 90%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 10%
Last Year: 12%

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 10.00 10.00 10.00 10.00 10.00 10.00 10.00 15.01 15.01 15.01 15.01 15.01
Reserves -0.56 0.93 4.63 5.46 6.71 6.77 6.81 1.79 2.44 3.20 3.23 3.96
1.44 3.36 9.81 2.97 4.88 3.60 6.86 6.17 10.12 8.64 2.50 0.76
0.20 0.91 3.69 1.36 0.47 0.11 0.07 0.15 0.20 0.20 0.05 0.06
Total Liabilities 11.08 15.20 28.13 19.79 22.06 20.48 23.74 23.12 27.77 27.05 20.79 19.79
0.36 0.41 0.31 0.26 0.22 0.17 0.15 0.13 0.15 0.13 0.53 0.73
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.81 1.73 2.28
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10.72 14.79 27.82 19.53 21.84 20.31 23.59 22.99 27.34 26.11 18.53 16.78
Total Assets 11.08 15.20 28.13 19.79 22.06 20.48 23.74 23.12 27.77 27.05 20.79 19.79

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
-8.37 -1.55 -5.88 10.09 -1.54 3.20 -1.41 1.50 -2.60 4.95 7.72 4.19
-0.05 -0.14 -0.01 -0.02 -0.07 0.00 -0.02 -0.01 -0.33 -0.69 -1.10 -0.60
8.35 1.76 5.82 -9.71 1.32 -2.89 1.76 -2.15 2.93 -2.62 -8.26 -3.59
Net Cash Flow -0.07 0.07 -0.08 0.36 -0.29 0.31 0.33 -0.65 0.00 1.64 -1.63 0.00

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 1.37 0.00 85.12 20.35 77.42 54.13 84.60 45.54 24.82 24.55 13.48 11.95
Inventory Days 561.08 240.30 94.05 233.49 612.05 732.86 965.22 1,105.83 382.78 377.90 287.36 204.98
Days Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle 562.45 240.30 179.18 253.84 689.48 786.99 1,049.82 1,151.37 407.60 402.46 300.84 216.93
Working Capital Days 478.12 212.89 156.62 214.54 557.24 595.13 772.98 782.78 357.57 343.46 250.79 183.16
ROCE % 14.50% 18.99% 41.52% 18.10% 11.44% 10.39% 9.31% 8.45% 8.67% 8.93% 9.96%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96%
25.04% 25.04% 25.04% 25.04% 25.04% 25.03% 25.03% 25.03% 25.03% 25.03% 25.03% 25.03%
No. of Shareholders 504487442450480523523438448490486488

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