Rajnandini Metal Ltd

Rajnandini Metal Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rajnandini Metal Ltd

₹ 9.12 -1.41%
21 Nov 3:54 p.m.
Company website NSE: RAJMET
About

Incorporated in 2010, Rajnandini Metal Ltd in the business of manufacturing, trading, and dealing in high-grade Copper Continuous Casting Rods and copper wires[1]

Key Points

Business Overview:[1]
RML used to do trading of scrap of all types
of ferrous and Non-ferrous Metals such as Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications. After FY19, company started manufacturing Copper Rods, Wires, etc. in a variety of grades, thicknesses, widths, and standards of copper according to customer specifications

Website NSE
  • Market Cap ₹ 252 Cr.
  • Current Price ₹ 9.12
  • High / Low ₹ 21.4 / 8.80
  • Stock P/E 149
  • Book Value ₹ 1.96
  • Dividend Yield 0.00 %
  • ROCE 21.3 %
  • ROE 31.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.7%

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -18.0%
  • Promoter holding is low: 33.7%
  • Earnings include an other income of Rs.9.81 Cr.

* 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: Mining & Mineral products Industry: Mining / Minerals / Metals

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Quarterly Results

Figures in Rs. Crores

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
258.96 260.30 326.69 260.86 181.07 251.55 335.41 265.86 333.10 297.67 315.80 314.61 277.72
254.60 255.42 321.02 256.01 177.94 245.41 330.10 258.64 325.43 292.19 314.70 313.61 276.91
Operating Profit 4.36 4.88 5.67 4.85 3.13 6.14 5.31 7.22 7.67 5.48 1.10 1.00 0.81
OPM % 1.68% 1.87% 1.74% 1.86% 1.73% 2.44% 1.58% 2.72% 2.30% 1.84% 0.35% 0.32% 0.29%
0.43 0.18 0.27 2.29 4.14 1.59 2.14 0.72 0.94 3.39 3.45 1.55 1.42
Interest 1.08 0.97 1.07 1.36 1.81 2.22 1.90 2.02 2.36 3.26 3.74 3.89 3.56
Depreciation 0.26 0.27 0.37 0.26 0.33 0.30 0.30 0.24 0.31 0.35 0.31 0.31 0.30
Profit before tax 3.45 3.82 4.50 5.52 5.13 5.21 5.25 5.68 5.94 5.26 0.50 -1.65 -1.63
Tax % 34.20% 21.99% 29.33% 34.96% 34.89% 34.93% 36.19% 19.19% -9.43% 26.62% 42.00% -24.85% -25.15%
2.27 2.99 3.18 3.59 3.34 3.39 3.35 4.59 6.50 3.86 0.29 -1.24 -1.22
EPS in Rs 0.08 0.11 0.12 0.13 0.12 0.12 0.12 0.17 0.24 0.14 0.01 -0.04 -0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 13m Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6 80 141 137 148 631 1,028 1,029 1,212 1,206
6 80 138 133 144 620 1,010 1,009 1,191 1,197
Operating Profit 0 0 3 3 4 11 18 19 21 8
OPM % 0% 1% 2% 2% 3% 2% 2% 2% 2% 1%
0 0 0 0 0 1 1 10 8 10
Interest 0 0 2 2 2 4 4 7 11 14
Depreciation 0 0 0 0 0 1 1 1 1 1
Profit before tax 0 0 1 2 2 7 14 21 17 2
Tax % 33% 32% 33% 32% 28% 28% 29% 35% 12%
0 0 1 1 1 5 10 14 15 2
EPS in Rs 0.00 0.03 0.05 0.04 0.04 0.18 0.36 0.49 0.55 0.07
Dividend Payout % 0% 0% 0% 0% 0% 0% 18% 20% 0%
Compounded Sales Growth
10 Years: %
5 Years: 55%
3 Years: 24%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 71%
3 Years: 45%
TTM: -91%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -4%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: 32%
3 Years: 36%
Last Year: 31%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 3 4 6 6 12 18 28 28 28
Reserves 0 0 4 7 8 7 11 14 29 27
0 15 22 25 40 43 51 72 100 86
6 9 8 1 8 28 27 27 7 32
Total Liabilities 8 28 38 40 63 90 108 140 164 172
0 0 1 7 17 25 25 35 34 33
CWIP 0 0 0 1 5 0 0 0 1 1
Investments 0 0 0 0 0 0 0 0 0 0
8 27 38 33 41 65 83 105 129 138
Total Assets 8 28 38 40 63 90 108 140 164 172

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 2 2 2 5 -5 -3 -20
0 0 0 -3 -14 -4 -0 -9 2
0 0 -2 1 12 -1 5 11 17
Net Cash Flow 0 0 0 0 -0 -0 0 0 -0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 381 96 64 54 45 22 11 12 7
Inventory Days 14 21 44 14 16 23 31
Days Payable 21 3 20 16 9 9 2
Cash Conversion Cycle 381 96 57 72 69 20 18 26 36
Working Capital Days 145 81 73 80 80 22 20 28 37
ROCE % 5% 10% 9% 18% 25% 29% 21%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.23% 73.23% 73.23% 73.24% 73.24% 73.23% 73.24% 73.24% 65.27% 51.68% 51.68% 33.71%
0.00% 0.00% 0.00% 0.04% 0.04% 0.00% 0.00% 0.00% 0.04% 0.03% 0.00% 0.13%
26.76% 26.76% 26.76% 26.72% 26.72% 26.76% 26.76% 26.76% 34.70% 48.29% 48.32% 66.17%
No. of Shareholders 1,3662,1172,8255,2678,75714,48920,02233,26496,4621,64,4341,68,6422,27,793

* 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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