Rex Sealing & Packing Industries Ltd

Rex Sealing & Packing Industries Ltd

₹ 224 4.97%
22 Nov - close price
About

Incorporated in 1963, Rex Sealing & Packing Industries Ltd is a manufacturer and exporter
of Sealing packing and Insulation products[1]

Key Points

Product Profile:[1][2]
a) Jointing Sheets
b) Fabric Expansion Joints
c) Gland Packing & Ropes
d) High Temperature Resistant Textiles
e) Ceramic Fibre Product
f) Insulation Jackets
g) Silica & Silicone Products
h) Graphite Sheets Rings
i) Vermiculite Coated
j) Tadpole Gasket

  • Market Cap 49.7 Cr.
  • Current Price 224
  • High / Low 277 / 84.6
  • Stock P/E 15.9
  • Book Value 73.0
  • Dividend Yield 0.00 %
  • ROCE 24.9 %
  • ROE 17.8 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.06 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.3% 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: Packaging Industry: Packaging

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Half Yearly Results

Figures in Rs. Crores

Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
12.32 12.00 13.11 14.57 16.04 18.16
12.09 10.61 13.43 13.58 12.69 16.43
Operating Profit 0.23 1.39 -0.32 0.99 3.35 1.73
OPM % 1.87% 11.58% -2.44% 6.79% 20.89% 9.53%
0.21 0.08 0.28 0.03 0.03 0.16
Interest 0.21 0.21 0.28 0.14 0.18 0.19
Depreciation 0.34 0.07 0.34 0.23 0.27 0.29
Profit before tax -0.11 1.19 -0.66 0.65 2.93 1.41
Tax % -18.18% 0.00% 31.82% 29.23% 32.08% 17.73%
-0.09 1.18 -0.87 0.47 1.98 1.15
EPS in Rs -0.47 6.15 -3.92 2.12 8.92 5.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
20.72 20.06 17.03 21.08 25.10 30.61 34.20
17.84 17.57 15.74 19.74 24.02 26.30 29.12
Operating Profit 2.88 2.49 1.29 1.34 1.08 4.31 5.08
OPM % 13.90% 12.41% 7.57% 6.36% 4.30% 14.08% 14.85%
0.24 0.12 0.12 0.08 0.35 0.06 0.19
Interest 0.62 0.59 0.49 0.40 0.49 0.32 0.37
Depreciation 0.57 0.48 0.39 0.34 0.41 0.50 0.56
Profit before tax 1.93 1.54 0.53 0.68 0.53 3.55 4.34
Tax % 24.87% 26.62% 30.19% 19.12% 39.62% 30.99%
1.44 1.13 0.37 0.55 0.32 2.45 3.13
EPS in Rs 45.00 35.31 11.56 2.86 1.44 11.04 14.10
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 22%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 88%
TTM: 883%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 105%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 10%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.32 0.32 0.32 1.92 2.22 2.22 2.22
Reserves 6.07 7.01 7.38 6.32 10.33 12.78 13.99
6.23 4.37 3.39 3.78 1.11 2.42 3.34
1.08 1.87 2.08 2.41 4.09 3.92 4.92
Total Liabilities 13.70 13.57 13.17 14.43 17.75 21.34 24.47
2.37 2.06 1.85 1.81 2.33 2.38 2.54
CWIP 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 0.03 0.03
11.33 11.51 11.32 12.62 15.42 18.93 21.90
Total Assets 13.70 13.57 13.17 14.43 17.75 21.34 24.47

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.89 2.62 1.61 0.15 -1.12 -0.34
-0.17 -0.19 -0.15 -0.15 0.24 -0.89
-0.72 -2.42 -1.45 0.00 0.89 1.31
Net Cash Flow 0.01 0.01 0.02 -0.01 0.02 0.08

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 106.22 81.88 75.44 81.73 67.91 93.72
Inventory Days 83.96 139.67 178.30 155.43 135.38 128.56
Days Payable 11.02 43.74 50.79 54.42 63.83 28.55
Cash Conversion Cycle 179.16 177.80 202.95 182.74 139.45 193.74
Working Capital Days 143.04 140.83 152.17 150.12 157.05 169.09
ROCE % 17.52% 8.95% 9.35% 7.94% 24.90%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.02% 73.02% 73.02% 73.02% 73.02% 73.02%
26.99% 26.98% 26.99% 26.98% 26.98% 26.98%
No. of Shareholders 275258255246200199

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