Retina Paints Ltd
Incorporated in 2010, Retina Paints Ltd is in the business of manufacturing and selling of Paints[1]
- Market Cap ₹ 95.5 Cr.
- Current Price ₹ 68.5
- High / Low ₹ 97.5 / 50.0
- Stock P/E 29.5
- Book Value ₹ 16.1
- Dividend Yield 0.00 %
- ROCE 7.52 %
- ROE 4.22 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 4.25 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 4.51% over last 3 years.
- Earnings include an other income of Rs.5.69 Cr.
- Company has high debtors of 357 days.
- Working capital days have increased from 331 days to 523 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: Paints/Varnish Industry: Paints / Varnishes
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 6.04 | 6.13 | 6.56 | 10.04 | 11.66 | 12.33 | |
| 5.69 | 5.62 | 5.98 | 9.22 | 15.31 | 13.24 | |
| Operating Profit | 0.35 | 0.51 | 0.58 | 0.82 | -3.65 | -0.91 |
| OPM % | 5.79% | 8.32% | 8.84% | 8.17% | -31.30% | -7.38% |
| -0.02 | 0.00 | 0.09 | 0.30 | 5.67 | 5.69 | |
| Interest | 0.18 | 0.36 | 0.34 | 0.40 | 0.76 | 0.87 |
| Depreciation | 0.07 | 0.06 | 0.10 | 0.31 | 0.30 | 0.12 |
| Profit before tax | 0.08 | 0.09 | 0.23 | 0.41 | 1.03 | 3.79 |
| Tax % | 37.50% | 44.44% | 34.78% | 26.83% | 29.13% | |
| 0.05 | 0.05 | 0.16 | 0.30 | 0.74 | 3.24 | |
| EPS in Rs | 0.69 | 0.69 | 0.86 | 0.29 | 0.53 | 2.32 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 144% |
| TTM: | 260% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.72 | 0.72 | 1.85 | 10.24 | 13.94 | 13.94 |
| Reserves | 0.19 | 0.23 | 0.52 | 2.24 | 8.16 | 8.51 |
| 3.19 | 6.14 | 5.88 | 4.29 | 6.89 | 8.12 | |
| 2.60 | 2.77 | 3.37 | 3.30 | 5.46 | 3.44 | |
| Total Liabilities | 6.70 | 9.86 | 11.62 | 20.07 | 34.45 | 34.01 |
| 0.27 | 0.50 | 1.85 | 9.57 | 11.52 | 12.17 | |
| CWIP | 0.22 | 2.54 | 1.88 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6.21 | 6.82 | 7.89 | 10.50 | 22.93 | 21.84 | |
| Total Assets | 6.70 | 9.86 | 11.62 | 20.07 | 34.45 | 34.01 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -1.45 | -2.51 | -0.25 | -1.26 | -8.57 | |
| -0.20 | -0.29 | -0.13 | -6.16 | -2.09 | |
| 1.62 | 2.74 | 0.54 | 7.54 | 10.65 | |
| Net Cash Flow | -0.02 | -0.06 | 0.15 | 0.13 | -0.01 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 172.83 | 219.71 | 205.31 | 151.60 | 356.55 |
| Inventory Days | 242.62 | 248.16 | 292.89 | 225.48 | 462.65 |
| Days Payable | 209.34 | 201.81 | 211.88 | 151.30 | 230.99 |
| Cash Conversion Cycle | 206.11 | 266.06 | 286.32 | 225.78 | 588.21 |
| Working Capital Days | 201.23 | 238.77 | 233.69 | 235.58 | 523.40 |
| ROCE % | 8.04% | 7.43% | 6.47% | 7.52% |
Documents
Announcements
- Financial Results For The Half Year Ended 30.09.2024 11 Nov
-
Board Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results For The Half Year Ended 30.09.2024
11 Nov - Approval of unaudited financial results for H1 2024.
-
Board Meeting Intimation for Board Meeting Intimation For Approval Of Standalone And Consolidated Unaudited Financial Results Of The Company For The Half Year Ended 30Th September, 2024.
6 Nov - Board meeting to approve financial results for H1 2024.
-
Announcement under Regulation 30 (LODR)-Change in Management
9 Oct - Approval of share allotment and resignation of director.
-
Board Meeting Outcome for 92Nd Board Meeting Held On 09Th October 2024 Through Video Conference
9 Oct - Approval of share allotment and resignation of director.
Product & Brands:
RPL provides high-quality paint solutions from durable exterior paints to vibrant
interior option:
a) Interior Emulsions:[1]
Retina Royal Vogue, Retina Glow Premium,
Retina Glow Advanced
b) Primers:[2]
Retina Eco Damp, Retina Eco Advanced,
Retina Jet Advanced, Retina X – Gen+
c) Exterior Emulsions:[3]
Retina Weather Expert, Retina Expo Ultimax,
Retina Expo Advanced
d) Emulsion /Distempers:[4]
Retina Zing+, Retina Spark, Retina Eye