Ravindra Energy Ltd
Incorporated in 1980, Ravindra Energy Ltd is in the business of Selling Solar Pumps, Setting up of Solar Generation Power Plant (Ground Mount & Rooftop) & Generation and Sale of Power[1]
- Market Cap ₹ 1,333 Cr.
- Current Price ₹ 86.4
- High / Low ₹ 130 / 43.2
- Stock P/E 123
- Book Value ₹ 9.57
- Dividend Yield 0.00 %
- ROCE 8.33 %
- ROE 7.88 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 114 to 58.8 days.
Cons
- Stock is trading at 9.03 times its book value
- The company has delivered a poor sales growth of -18.0% over past five years.
- Tax rate seems low
- Company has a low return on equity of -30.3% over last 3 years.
- Earnings include an other income of Rs.4.36 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: Miscellaneous Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 101 | 101 | 77 | 122 | 54 | 47 | 163 | 353 | 114 | 73 | 28 | 61 | |
| 102 | 104 | 81 | 123 | 49 | 44 | 160 | 330 | 117 | 262 | 57 | 51 | |
| Operating Profit | -1 | -3 | -4 | -1 | 5 | 3 | 3 | 23 | -3 | -189 | -29 | 10 |
| OPM % | -1% | -3% | -5% | -1% | 9% | 7% | 2% | 7% | -2% | -259% | -102% | 16% |
| 2 | 4 | 4 | 5 | 6 | 5 | 21 | -2 | 8 | 12 | 36 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 13 | 20 | 15 | 4 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 0 | 1 | 4 | 9 | 6 | 10 | 1 | -10 | -181 | 4 | 11 |
| Tax % | 10% | 27% | 33% | 33% | 33% | 30% | 30% | 25% | 1% | 0% | -4% | -1% |
| 0 | 0 | 0 | 2 | 6 | 4 | 7 | 1 | -10 | -181 | 4 | 11 | |
| EPS in Rs | 0.03 | 0.20 | 0.52 | 0.32 | 0.57 | 0.05 | -0.83 | -13.49 | 0.31 | 0.70 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -18% |
| 3 Years: | -19% |
| TTM: | 115% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 10% |
| 3 Years: | 46% |
| TTM: | 156% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 23% |
| 3 Years: | 19% |
| 1 Year: | 88% |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -13% |
| 3 Years: | -30% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 114 | 114 | 118 | 118 | 118 | 120 | 120 | 120 | 134 | 138 | 154 |
| Reserves | 89 | 90 | 90 | 92 | 98 | 90 | 105 | 106 | 268 | 5 | -10 | -7 |
| 0 | 0 | 0 | 5 | 7 | 9 | 180 | 206 | 15 | 12 | 5 | 17 | |
| 91 | 133 | 134 | 156 | 219 | 231 | 141 | 72 | 36 | 82 | 95 | 9 | |
| Total Liabilities | 294 | 336 | 339 | 371 | 442 | 448 | 546 | 504 | 439 | 233 | 227 | 174 |
| 4 | 4 | 4 | 12 | 16 | 16 | 16 | 17 | 17 | 7 | 12 | 11 | |
| CWIP | 0 | 7 | 8 | 0 | 0 | 2 | 1 | 1 | 1 | 0 | 0 | 0 |
| Investments | 151 | 151 | 151 | 150 | 182 | 207 | 224 | 224 | 230 | 88 | 109 | 102 |
| 139 | 175 | 176 | 209 | 244 | 223 | 306 | 262 | 191 | 138 | 106 | 62 | |
| Total Assets | 294 | 336 | 339 | 371 | 442 | 448 | 546 | 504 | 439 | 233 | 227 | 174 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -7 | -0 | 1 | 40 | 38 | -165 | -11 | 29 | -28 | 45 | -26 | |
| -5 | 3 | -1 | 0 | -30 | -39 | -5 | 10 | -2 | 23 | 5 | 4 | |
| 1 | 4 | 1 | 3 | -1 | -2 | 168 | 6 | -34 | 1 | -39 | 21 | |
| Net Cash Flow | -2 | -1 | -0 | 4 | 10 | -3 | -2 | 5 | -8 | -3 | 11 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 3 | 7 | 142 | 38 | 127 | 70 | 175 | 146 | 137 | 59 |
| Inventory Days | 3 | 0 | 4 | 2 | 30 | 168 | 12 | 12 | 12 | 7 | 18 | 33 |
| Days Payable | 3 | 14 | 257 | 51 | 100 | 19 | 72 | 61 | 24 | 155 | 35 | |
| Cash Conversion Cycle | -0 | 0 | -8 | -247 | 120 | 105 | 120 | 9 | 126 | 129 | -0 | 56 |
| Working Capital Days | 122 | 137 | 178 | 130 | 44 | -165 | 341 | 178 | 456 | 626 | 722 | 207 |
| ROCE % | 0% | 0% | 0% | 2% | 5% | 4% | 7% | 12% | 1% | -63% | 4% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
13h - Mr. Rachit Kumar Agarwal has resigned from the Office of Independent Director of the Company with effect from July 22, 2024.
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Intimation Of Listing Of Shares Of The Company On NSE
1d - The equity shares of the company will be listed and traded on the National Stock Exchange of India Limited (NSE) with effect from Tuesday, 30th …
- Board Meeting Intimation for Intimation Of Board Meeting 1d
- Board Meeting Outcome for Outcome Of The Board Meeting 1d
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Jul - Certificate under Regulation 74(5) of SEBI (DP) Regulations is been submitted herewith.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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History & Business Overview:[1]
Company is promoted by Murkumbi family of Shree Renuka Group. It used to be a trader of coal and sugar and was involved in mining of coal through its foreign arm PT Jambi Prima, Indonesia. Currently, the coal mining licenses are surrendered and sugar operation is discontinued.
At present, REL operates in the solar water pump segment catering to orders under KREDL and MEDA scheme. REL undertakes roof top solar power generation projects and has setup a 100% wholly owned subsidiary under the name Rhibhu Rooftop Solar Private Limited to cater to upcoming SECI order for installation of 6MW capacity. Apart from this, REL has set up 17 LLPs with an aggregate capacity of 34MW for power generation in Karnataka region with the power being sold to DISCOMS