Reliance Industrial Infrastructure Ltd

Reliance Industrial Infrastructure Ltd

₹ 996 -1.46%
21 Nov - close price
About

Reliance Industrial Infrastructure Limited is mainly engaged in the business of setting up/operating industrial infrastructure. It is a Reliance Group Company (RIL holdings 45.43%). The Company has its operations mainly in the Mumbai and the Rasayani regions of Maharashtra, Surat, and Jamnagar belts of Gujarat.[1][2]

Key Points

History
The Company was incorporated in September 1988 as a Public Limited Company under the name of "Chembur Patalganga Pipelines Limited". The name of the Company was subsequently changed to "CPPL Limited" in September 1992 and thereafter to its present name viz., "Reliance Industrial Infrastructure Limited" in March 1994. The Company commenced its commercial operation in March 1992. [1]

  • Market Cap 1,504 Cr.
  • Current Price 996
  • High / Low 1,605 / 992
  • Stock P/E 144
  • Book Value 284
  • Dividend Yield 0.35 %
  • ROCE 3.86 %
  • ROE 2.48 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 48.5%
  • Debtor days have improved from 43.8 to 20.7 days.

Cons

  • Stock is trading at 3.50 times its book value
  • The company has delivered a poor sales growth of -7.24% over past five years.
  • Company has a low return on equity of 2.26% over last 3 years.
  • Earnings include an other income of Rs.23.9 Cr.
  • Working capital days have increased from 537 days to 836 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: Logistics Industry: Miscellaneous

Part of BSE Allcap BSE SmallCap BSE Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
16.74 16.39 16.40 16.52 16.62 17.28 17.63 14.27 14.36 14.95 14.51 12.40 12.24
16.01 15.09 15.05 14.96 16.92 16.47 16.86 16.56 15.68 15.79 16.22 15.01 15.08
Operating Profit 0.73 1.30 1.35 1.56 -0.30 0.81 0.77 -2.29 -1.32 -0.84 -1.71 -2.61 -2.84
OPM % 4.36% 7.93% 8.23% 9.44% -1.81% 4.69% 4.37% -16.05% -9.19% -5.62% -11.78% -21.05% -23.20%
4.42 4.02 3.26 1.80 4.58 3.33 11.10 6.36 6.49 5.58 6.19 6.03 6.13
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 2.56 2.56 2.49 1.79 1.49 1.55 1.06 0.83 0.64 0.58 0.56 0.36 0.37
Profit before tax 2.59 2.76 2.12 1.57 2.79 2.59 10.81 3.24 4.53 4.16 3.92 3.06 2.92
Tax % 24.71% 27.90% 13.68% 28.66% 32.97% 26.64% 1.11% 33.64% 45.47% 34.86% 26.79% 20.92% 16.44%
1.94 1.99 1.83 1.12 1.87 1.90 10.68 2.15 2.48 2.71 2.87 2.41 2.43
EPS in Rs 1.28 1.32 1.21 0.74 1.24 1.26 7.07 1.42 1.64 1.79 1.90 1.60 1.61
Raw PDF

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 TTM
80 96 90 90 93 89 85 80 54 65 68 58 54
41 59 64 68 74 72 74 72 49 61 65 64 62
Operating Profit 40 37 26 22 19 16 11 7 5 4 3 -6 -8
OPM % 49% 38% 29% 25% 20% 18% 13% 9% 10% 7% 4% -11% -15%
6 7 10 11 16 13 15 16 16 16 21 25 24
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 10 10 11 12 14 14 14 14 13 10 6 3 2
Profit before tax 35 34 25 21 20 15 12 9 8 10 18 16 14
Tax % 31% 28% 11% 25% 19% 36% 35% 14% 5% 24% 12% 36%
24 24 22 16 16 10 8 8 8 8 16 10 10
EPS in Rs 16.15 15.99 14.62 10.34 10.87 6.45 5.16 5.25 5.10 5.01 10.32 6.76 6.90
Dividend Payout % 23% 22% 24% 34% 32% 54% 58% 57% 59% 60% 34% 52%
Compounded Sales Growth
10 Years: -5%
5 Years: -7%
3 Years: 2%
TTM: -15%
Compounded Profit Growth
10 Years: -7%
5 Years: 6%
3 Years: 10%
TTM: 5%
Stock Price CAGR
10 Years: 7%
5 Years: 26%
3 Years: 17%
1 Year: -11%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 2%

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 Sep 2024
Equity Capital 15 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 217 235 249 285 298 308 323 321 361 383 377 415 414
0 0 0 0 0 0 0 0 0 0 0 0 0
70 63 57 54 42 44 39 44 37 35 45 62 70
Total Liabilities 302 313 321 354 355 367 378 380 413 434 438 492 499
95 122 111 114 102 89 78 64 53 43 37 29 28
CWIP 9 3 3 4 5 6 4 3 2 2 0 0 0
Investments 36 120 160 192 214 231 260 266 315 355 229 279 278
162 67 47 44 34 41 36 47 43 34 172 184 193
Total Assets 302 313 321 354 355 367 378 380 413 434 438 492 499

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
14 32 41 16 26 12 13 1 -4 6 23 2
-7 -27 -33 -10 -19 -7 -7 5 7 -1 -19 3
-6 -7 -6 -6 -6 -6 -6 -6 -5 -5 -5 -5
Net Cash Flow 0 -2 1 0 1 -1 -0 1 -2 0 -0 -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 88 69 65 88 75 76 62 112 132 91 20 21
Inventory Days
Days Payable
Cash Conversion Cycle 88 69 65 88 75 76 62 112 132 91 20 21
Working Capital Days 9 25 12 39 31 49 44 55 115 62 714 836
ROCE % 16% 13% 8% 5% 7% 5% 4% 3% 2% 3% 2% 4%

Shareholding Pattern

Numbers in percentages

20 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43% 45.43%
0.32% 0.69% 0.67% 0.71% 0.78% 0.80% 1.17% 1.12% 0.98% 1.56% 1.11% 1.03%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
54.22% 53.85% 53.87% 53.82% 53.76% 53.73% 53.38% 53.41% 53.56% 52.96% 53.42% 53.51%
No. of Shareholders 84,34686,27788,43487,39487,46688,28085,26483,32980,16881,71282,16582,700

* 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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