RACL Geartech Ltd

RACL Geartech Ltd

₹ 853 0.34%
13 Dec - close price
About

Incorporated in 1983, RACL Geartech Ltd manufactures and exports automotive gears and components[1]

Key Points

Business Overview:[1][2]
RACL manufactures transmission gears and shafts for automotive and industrial applications. It has local and global Original Equipment Manufacturers in the auto and industrial segment as its long-standing customers. It has 22 Active Customers and 900+ SKUs

  • Market Cap 920 Cr.
  • Current Price 853
  • High / Low 1,350 / 770
  • Stock P/E 29.6
  • Book Value 198
  • Dividend Yield 0.18 %
  • ROCE 17.8 %
  • ROE 21.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 30.8% CAGR over last 5 years

Cons

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
69.01 74.82 70.22 78.23 87.68 96.88 95.43 88.44 101.56 113.34 106.18 108.86 106.13
53.63 58.72 57.48 63.17 67.36 73.44 72.59 66.43 77.91 86.49 82.81 89.02 86.47
Operating Profit 15.38 16.10 12.74 15.06 20.32 23.44 22.84 22.01 23.65 26.85 23.37 19.84 19.66
OPM % 22.29% 21.52% 18.14% 19.25% 23.18% 24.19% 23.93% 24.89% 23.29% 23.69% 22.01% 18.23% 18.52%
0.51 0.25 2.77 2.59 2.53 3.13 0.88 1.18 1.58 1.93 1.06 0.52 4.20
Interest 2.36 3.47 4.30 5.16 5.16 5.51 4.82 5.00 5.77 6.06 6.80 7.02 8.14
Depreciation 3.66 3.89 4.07 4.42 4.54 4.82 4.92 6.54 5.79 6.10 6.12 6.99 7.40
Profit before tax 9.87 8.99 7.14 8.07 13.15 16.24 13.98 11.65 13.67 16.62 11.51 6.35 8.32
Tax % 33.94% 16.24% 31.37% 25.03% 25.02% 26.29% 31.62% 24.81% 25.31% 27.68% 26.93% 34.65% 21.39%
6.52 7.52 4.91 6.04 9.86 11.97 9.56 8.76 10.21 12.02 8.41 4.15 6.54
EPS in Rs 6.05 6.97 4.55 5.60 9.15 11.10 8.87 8.12 9.47 11.15 7.80 3.85 6.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
190 212 204 271 358 410 435
158 170 152 214 277 314 345
Operating Profit 32 43 51 57 82 96 90
OPM % 17% 20% 25% 21% 23% 23% 21%
0 -1 4 4 9 6 8
Interest 6 8 8 12 21 24 28
Depreciation 8 11 16 16 19 25 27
Profit before tax 17 22 30 33 51 53 43
Tax % 44% 23% 22% 27% 27% 26%
10 17 23 24 37 39 31
EPS in Rs 9.50 15.74 21.79 22.18 34.72 36.54 28.87
Dividend Payout % 0% 6% 5% 5% 4% 4%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 26%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 19%
TTM: -23%
Stock Price CAGR
10 Years: 46%
5 Years: 58%
3 Years: 10%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 22%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 11 11 11 11 11 11
Reserves 56 74 97 121 157 194 203
85 88 107 163 203 289 320
45 49 56 56 73 86 93
Total Liabilities 196 222 271 351 444 580 627
95 108 140 178 227 304 317
CWIP 0 0 1 4 2 6 7
Investments 0 0 0 0 0 0 0
101 114 130 170 215 270 303
Total Assets 196 222 271 351 444 580 627

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19 33 39 12 60 35
-31 -26 -49 -56 -76 -93
11 -7 10 44 18 55
Net Cash Flow -0 0 0 -0 2 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 98 92 99 104 86 96
Inventory Days 206 222 254 230 317 402
Days Payable 123 102 168 118 125 150
Cash Conversion Cycle 181 213 185 215 278 348
Working Capital Days 113 113 141 163 141 177
ROCE % 20% 20% 18% 22% 18%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Nov 2024
53.45% 53.45% 53.41% 53.39% 53.38% 53.35% 53.35% 53.34% 53.30% 53.33% 53.32% 53.32%
0.08% 0.09% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.01% 0.00% 0.00%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04%
46.47% 46.46% 46.51% 46.53% 46.54% 46.58% 46.58% 46.58% 46.62% 46.66% 46.64% 46.64%
No. of Shareholders 13,92913,67213,37112,95012,82613,34714,92416,70416,39516,59216,53515,900

* 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.

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