Resurgere Mines & Minerals India Ltd

Resurgere Mines & Minerals India Ltd

₹ 0.40 0.00%
22 May 2017
About

Resurgere Mines & Minerals India Limited is a Public Limited Company engaged in the business of extraction,processing & sale of Ore and exploration & development of mining assets. Presently the Company is enjoying longterm raising and purchasing rights for Bauxite Mine in the State of Maharashtra and mining rights for Soapstone in theState of Rajasthan.

The Company has also 99.98 % equity holding in Shri Warana Minerals (India) Pvt. Ltd. having another bauxite mine inthe State of Maharashtra through its wholly owned subsidiary i.e. Warana Minerals Private Limited.(Source 2015 Annual Report)

  • Market Cap 7.95 Cr.
  • Current Price 0.40
  • High / Low /
  • Stock P/E
  • Book Value 20.6
  • Dividend Yield 0.00 %
  • ROCE -9.38 %
  • ROE -18.1 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.02 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -81.0% over past five years.
  • Company has a low return on equity of -13.8% over last 3 years.
  • Contingent liabilities of Rs.24.5 Cr.
  • Company has high debtors of 7,39,695 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 4,47,164 days to 6,58,551 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012
187 118 68 5 1 1
170 124 64 7 3 1
Operating Profit 17 -6 4 -2 -2 -1
OPM % 9% -5% 6% -32% -157% -55%
2 1 1 0 0 0
Interest 4 5 5 5 4 4
Depreciation 6 29 15 15 16 16
Profit before tax 9 -39 -15 -21 -21 -20
Tax % 43% -9% 0% 0% 0% -0%
5 -36 -15 -21 -21 -20
EPS in Rs 0.25 -1.79 -0.76 -1.04 -1.08 -1.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
403 434 526 643 72 1 0 1 0
295 384 469 600 74 5 3 3 14
Operating Profit 108 50 57 43 -2 -4 -3 -2 -14
OPM % 27% 12% 11% 7% -3% -759% -1,173% -467% -8,844%
1 5 9 8 5 3 2 2 2
Interest 4 10 14 18 18 19 21 24 27
Depreciation 2 13 7 46 62 47 34 41 40
Profit before tax 103 32 45 -13 -77 -68 -56 -65 -79
Tax % 38% 33% 38% 24% 0% 0% 6% 0% 0%
64 22 28 -16 -77 -68 -59 -65 -79
EPS in Rs 2.49 3.17 -0.81 -3.88 -3.43 -2.97 -3.27 -3.95
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -81%
3 Years: -35%
TTM: -69%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -5%
TTM: -21%
Stock Price CAGR
10 Years: -12%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -14%
Last Year: -18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Equity Capital 24 29 29 199 199 199 199 199 199
Reserves 203 331 380 490 428 368 322 261 211
55 117 123 123 120 119 119 118 117
79 49 54 177 226 244 270 298 321
Total Liabilities 361 526 586 989 973 929 909 876 848
3 34 203 200 177 154 132 102 70
CWIP 60 183 16 161 170 171 170 161 161
Investments 19 7 0 0 0 0 0 0 19
279 302 367 629 625 604 606 613 598
Total Assets 361 526 586 989 973 929 909 876 848

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
-51 -20 -28 -114 21 18 20 22 24
-79 -137 8 -175 -8 2 1 2 3
140 164 14 280 -17 -20 -21 -24 -27
Net Cash Flow 9 7 -6 -9 -4 0 -0 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 67 109 110 175 1,649 201,381 457,036 233,006 739,695
Inventory Days 144 39 48 31 152 17,254 92,179 253,584
Days Payable 33 42 21 139 865 95,946 512,095 1,397,585
Cash Conversion Cycle 178 106 137 67 937 122,689 37,120 233,006 -404,306
Working Capital Days 162 188 208 211 1,782 209,232 456,713 226,228 658,551
ROCE % 11% 12% 1% -8% -7% -5% -7% -9%

Shareholding Pattern

Numbers in percentages

Mar 2016Jun 2016Sep 2016Dec 2016
18.89% 18.89% 18.89% 18.89%
0.29% 0.29% 0.29% 0.29%
80.82% 80.82% 80.82% 80.82%
No. of Shareholders 77,26376,73876,01175,880

* 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.

Click on the line-items to see the names of individual entities.

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