Ridings Consulting Engineers India Ltd

Ridings Consulting Engineers India Ltd

₹ 4.60 -3.16%
08 Feb 2024
About

The company was founded in 1995 by (Late) Mr. S.D. Baveja, to serve the growing needs for high-quality geospatial data generation & G.I.S solutions for the various Industries. Over the year’s operations have increased from India to Middle East nations with a vision of global inclusivity in mind.

  • Market Cap 5.72 Cr.
  • Current Price 4.60
  • High / Low 6.00 / 4.60
  • Stock P/E 57.2
  • Book Value 1.47
  • Dividend Yield 0.00 %
  • ROCE 11.9 %
  • ROE 1.74 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.13 times its book value
  • The company has delivered a poor sales growth of -22.1% over past five years.
  • Company has a low return on equity of -101% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.0.98 Cr.
  • Company has high debtors of 780 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2017 Dec 2018
0.00 6.22 6.49 0.00
0.03 4.87 4.18 0.00
Operating Profit -0.03 1.35 2.31 0.00
OPM % 21.70% 35.59%
0.00 0.01 -0.83 0.00
Interest 0.00 0.50 0.04 0.00
Depreciation 0.00 0.20 0.07 0.00
Profit before tax -0.03 0.66 1.37 0.00
Tax % 0.00% 33.33% 16.06%
-0.03 0.45 1.15 0.00
EPS in Rs -0.15 2.25 1.31 0.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4.59 8.55 8.61 13.40 13.52 14.19 16.88 18.78 18.24 5.24 2.08 4.85
4.06 7.81 7.27 10.39 10.31 11.79 13.83 14.67 22.97 22.94 2.40 3.83
Operating Profit 0.53 0.74 1.34 3.01 3.21 2.40 3.05 4.11 -4.73 -17.70 -0.32 1.02
OPM % 11.55% 8.65% 15.56% 22.46% 23.74% 16.91% 18.07% 21.88% -25.93% -337.79% -15.38% 21.03%
0.00 0.00 0.00 0.12 0.02 0.08 0.02 0.07 0.61 5.47 2.13 0.71
Interest 0.00 0.00 0.00 0.78 0.96 0.88 1.01 1.59 1.50 0.96 0.86 0.74
Depreciation 0.10 0.09 0.13 0.57 0.66 0.49 0.53 0.86 0.95 0.66 0.40 0.25
Profit before tax 0.43 0.65 1.21 1.78 1.61 1.11 1.53 1.73 -6.57 -13.85 0.55 0.74
Tax % 37.21% 35.38% 33.06% 34.83% 34.16% 53.15% 33.99% 28.32% 23.74% 24.55% 96.36% 95.95%
0.27 0.42 0.80 1.17 1.07 0.52 1.02 1.24 -5.01 -10.45 0.02 0.03
EPS in Rs 5.40 8.40 8.00 7.80 7.13 2.60 5.10 1.00 -4.03 -8.40 0.02 0.02
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: -6%
5 Years: -22%
3 Years: -36%
TTM: 9%
Compounded Profit Growth
10 Years: -28%
5 Years: -51%
3 Years: 26%
TTM: -64%
Stock Price CAGR
10 Years: %
5 Years: -28%
3 Years: -15%
1 Year: -38%
Return on Equity
10 Years: %
5 Years: -37%
3 Years: -101%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 0.50 0.50 1.00 1.50 1.50 2.00 2.00 12.44 12.44 12.44 12.44 12.44
Reserves 1.31 1.75 2.55 4.46 5.51 6.03 6.92 4.71 -0.30 -10.75 -10.73 -10.70
2.02 3.97 3.24 5.59 6.75 6.61 9.40 10.30 9.49 9.55 10.32 11.00
1.78 1.66 2.62 4.71 5.49 7.88 7.48 5.96 11.04 9.13 5.37 4.53
Total Liabilities 5.61 7.88 9.41 16.26 19.25 22.52 25.80 33.41 32.67 20.37 17.40 17.27
0.30 0.29 0.85 2.83 2.48 2.22 2.02 2.83 2.19 1.49 1.09 0.96
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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
5.31 7.59 8.56 13.43 16.77 20.30 23.78 30.58 30.48 18.88 16.31 16.31
Total Assets 5.61 7.88 9.41 16.26 19.25 22.52 25.80 33.41 32.67 20.37 17.40 17.27

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0.00 0.00 0.00 -0.45 -3.88 -1.88 0.62 -0.15 0.06
0.00 0.00 0.00 -0.31 -1.67 -0.24 0.14 0.02 -0.07
0.00 0.00 0.00 0.92 9.76 -2.27 -0.76 0.07 0.00
Net Cash Flow 0.00 0.00 0.00 0.16 4.21 -4.39 0.00 -0.05 -0.02

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 311.72 237.36 256.48 227.99 299.67 335.68 252.34 390.46 534.49 811.50 1,758.32 780.42
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 311.72 237.36 256.48 227.99 299.67 335.68 252.34 390.46 534.49 811.50 1,758.32 780.42
Working Capital Days 251.29 194.67 183.14 173.78 247.29 214.78 207.58 375.88 316.37 179.02 972.16 523.04
ROCE % 12.16% 12.94% 18.60% 20.55% 14.01% 15.41% 14.51% -20.66% -78.43% 12.03% 11.87%

Shareholding Pattern

Numbers in percentages

Mar 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023
70.74% 70.74% 70.74% 70.74% 70.74% 70.74% 70.74% 70.74% 70.74% 70.74% 69.85% 69.71%
29.26% 29.26% 29.26% 29.26% 29.26% 29.26% 29.26% 29.26% 29.26% 29.26% 30.15% 30.28%
No. of Shareholders 70858791889091106111100102106

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