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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Radha Madhav Corporation Ltd

About the Company - Radha Madhav Corporation Ltd

Radha Madhav Corporation Ltd. is a Public Limited Listed company incorporated on 07/01/2005 and has its registered office in the State of Daman & Diu, India. Company’s Corporate Identification Number(CIN) is L74950DD2005PLC003775 and registration number is 003775. Currently Company is involved in the business activities of Other retail sale not in stores, stalls or markets. Company’s Total Operating Revenue is Rs. 34.90 Cr. and Equity Capital is Rs. 91.30 Cr. for the Year ended 31/03/2020.
INDUSTRYADDRESSCONTACT
Packaging & ContainersSurvey No.50/9 A, Daman Industrial Estate, Nani-Daman Daman & Diu 396210investor_complaint@rmclindia.co.in
http://www.rmclindia.co.in
Management
NamePosition Held
Mr. Nilamadhabasisa DasNon Exe.Non Ind.Director
Mr. Vijay PatelNon Exe.Non Ind.Director
Mr. Kamakhyaprasad Dala BeheraNon Exe.Non Ind.Director
Mr. Nitin JainWholeTime Director & CFO
Mr. Imaran KhanInd. Non-Executive Director
Ms. Niharika KanojiyaInd. Non-Executive Director

Radha Madhav Corporation Ltd. Share Price Update

Share PriceValue
Today₹1.92
Previous Day₹1.92

Basic Stock Data of Radha Madhav Corporation Ltd

Market Cap 18.3 Cr.
Current Price 2.00
High / Low3.33/1.15
Stock P/E14.8
Book Value 0.13
Dividend Yield0.00 %
ROCE178 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Radha Madhav Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
AGI Greenpac Ltd 5,332 Cr. 8241,089/30518.8 2620.62 %14.8 %17.4 % 2.00
Safari Industries (India) Ltd 9,366 Cr. 1,9692,315/92254.9 1080.09 %37.5 %34.4 % 2.00
Time Technoplast Ltd 4,971 Cr. 219234/69.417.7 1040.57 %13.1 %10.0 % 1.00
Polyplex Corporation Ltd 2,783 Cr. 8871,644/88375.2 1,1052.59 %11.6 %10.2 % 10.0
Shree Rama Multi-Tech Ltd 377 Cr. 28.235.5/7.1636.3 7.280.00 %7.93 %18.6 % 5.00
Industry Average4,565.80 Cr785.4440.58317.260.77%16.99%18.12%4.00

Radha Madhav Corporation Ltd Quarterly Results

MonthSep 2019Dec 2019Mar 2020Jun 2020Sep 2020Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales8.045.778.64-0.000.740.160.060.060.060.050.030.070.02
Expenses18.3516.1441.250.411.330.240.240.200.110.1023.450.09-2.45
Operating Profit-10.31-10.37-32.61-0.41-0.59-0.08-0.18-0.14-0.05-0.05-23.42-0.022.47
OPM %-128.23%-179.72%-377.43%-79.73%-50.00%-300.00%-233.33%-83.33%-100.00%-78,066.67%-28.57%12,350.00%
Other Income0.030.040.880.330.260.450.33-0.000.01-0.000.020.01-0.00
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
Depreciation0.350.350.310.290.290.260.030.480.250.230.220.210.17
Profit before tax-10.63-10.68-32.04-0.37-0.620.110.12-0.62-0.29-0.28-23.62-0.222.30
Tax %-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%
Net Profit-10.63-10.68-32.04-0.37-0.620.110.12-0.62-0.29-0.28-23.62-0.222.30
EPS in Rs-1.23-1.17-3.51-0.04-0.070.010.01-0.07-0.03-0.03-2.59-0.020.25

Radha Madhav Corporation Ltd Quarterly Chart

Radha Madhav Corporation Ltd Profit & Loss

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales119191711223513621753435100
Expenses13410268107223138206513998124
Operating Profit-14-83-51512-21121-64-7-0-24
OPM %-12%-430%-305%5%5%-2%5%4%-184%-740%-132%-13,350%
Other Income11-14109210751110
Interest33460000000000
Depreciation177015222111111
Profit before tax-64-198-7911213-31094-65-7-1-25
Tax %-1%0%0%-6%1%0%0%0%0%0%0%0%
Net Profit-64-198-7911813-31094-65-7-1-25
EPS in Rs-19.81-60.91-24.3918.831.96-0.511.1910.93-7.07-0.77-0.07-2.72
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Radha Madhav Corporation Ltd Profit & Loss Yearly Chart

Radha Madhav Corporation Ltd Growth

Compounded Sales Growth
10 Years:-37%
5 Years:-76%
3 Years:-83%
TTM:-76%
Compounded Profit Growth
10 Years:6%
5 Years:%
3 Years:17%
TTM:105%
Stock Price CAGR
10 Years:-16%
5 Years:-36%
3 Years:-10%
1 Year:14%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Radha Madhav Corporation Ltd Balance Sheet

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital33333363666686869191918
Reserves-43-246-326-193-179-177-172-77-122-128-129-9
Borrowings25310028215715715690817383829
Other Liabilities87289734355762022357554552
Total Liabilities330175627010012220725261555529
Fixed Assets17110134323130292827262524
CWIP111000022222
Investments000000000000
Other Assets15873263769921772223227284
Total Assets330175627010012220725261555529

Radha Madhav Corporation Ltd Reserves and Borrowings Chart

Radha Madhav Corporation Ltd Cash Flow

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -19.9740.382.20-18.053.932.848.4371.72-11.63-0.440.08-53.61
Cash from Investing Activity -0.241.110.471.540.130.05-0.510.30-0.19-0.010.01262.45
Cash from Financing Activity 22.57-42.07-2.3116.17-0.143.93-13.61-74.549.68-0.01-0.08-209.01
Net Cash Flow2.36-0.580.36-0.343.936.82-5.69-2.53-2.14-0.460.02-0.17

Radha Madhav Corporation Ltd Financial Efficiency Indicators

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days17075714960448613673361,8716,2690
Inventory Days29745271633136193153401744
Days Payable102101944124721973522951051,40070
Cash Conversion Cycle365701-768-48526-22-68-286446,269-67
Working Capital Days135-4,093-6,604-544-237-413-13913-416-25,396-70,413-55,135
ROCE %-13%54%32%-8%41%209%-3,573%-106%-178%

Radha Madhav Corporation Ltd Financial Efficiency Indicators Chart

Radha Madhav Corporation Ltd Share Holding Pattern

MonthDec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020
Promoters16.32%21.23%21.23%21.23%21.23%21.23%21.23%21.23%24.95%24.95%24.95%24.95%
FIIs0.00%0.87%2.15%2.15%2.15%1.45%1.45%1.50%1.42%1.42%1.42%1.42%
DIIs0.69%0.20%0.55%0.39%0.23%0.49%1.16%0.58%0.55%0.54%0.54%0.00%
Public82.98%77.70%76.07%76.23%76.40%76.83%76.16%76.69%73.07%73.08%73.08%73.63%
No. of Shareholders11,65411,56511,41612,07312,99913,26713,50713,63813,55413,40613,55313,604

Radha Madhav Corporation Ltd Shareholding Pattern Chart

No. of Radha Madhav Corporation Ltd Shareholders

This stock is not held by any mutual fund

Radha Madhav Corporation Ltd ROCE Trend

Radha Madhav Corporation Ltd EPS Trend

Radha Madhav Corporation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-31.85-0.07-1.01-7.4010.93
Diluted EPS (Rs.)-31.85-0.07-1.01-7.4010.93
Cash EPS (Rs.)-30.620.03-0.64-6.9411.09
Book Value[Excl.RevalReserv]/Share (Rs.)-12.08-4.10-4.02-3.322.84
Book Value[Incl.RevalReserv]/Share (Rs.)-12.08-4.10-4.02-3.322.84
Revenue From Operations / Share (Rs.)0.250.030.103.8261.80
PBDIT / Share (Rs.)-30.620.03-0.64-6.942.81
PBIT / Share (Rs.)-31.84-0.07-0.76-7.102.64
PBT / Share (Rs.)-31.84-0.07-0.76-7.1010.93
Net Profit / Share (Rs.)-31.84-0.07-0.76-7.1010.93
PBDIT Margin (%)-11918.7599.70-617.52-181.524.54
PBIT Margin (%)-12394.88-196.78-740.65-185.684.27
PBT Margin (%)-12394.88-196.78-740.65-185.6817.67
Net Profit Margin (%)-12394.88-196.78-740.65-185.6817.67
Return on Networth / Equity (%)0.000.000.000.00384.47
Return on Capital Employeed (%)2077.611.8319.44814.5641.08
Return On Assets (%)-74.33-1.22-12.80-105.4437.41
Asset Turnover Ratio (%)0.000.010.010.222.33
Current Ratio (X)0.120.290.280.441.11
Quick Ratio (X)0.120.250.240.300.69
Inventory Turnover Ratio (X)0.000.000.000.050.20
Enterprise Value (Cr.)0.4319.4820.0225.33153.91
EV / Net Operating Revenue (X)2.4256.9521.140.720.28
EV / EBITDA (X)-0.0257.11-3.42-0.396.35
MarketCap / Net Operating Revenue (X)4.7958.9921.980.760.29
Price / BV (X)-0.10-0.53-0.56-0.876.41
Price / Net Operating Revenue (X)4.8059.7322.140.760.29
EarningsYield-25.89-0.03-0.33-2.440.60

Radha Madhav Corporation Ltd Profitability Ratios (%)

Radha Madhav Corporation Ltd Liquidity Ratios

Radha Madhav Corporation Ltd Liquidity Ratios (%)

Radha Madhav Corporation Ltd Interest Coverage Ratios (X)

Radha Madhav Corporation Ltd Valuation Ratios

Fair Value / Intrinsic Value of Radha Madhav Corporation Ltd

Fair Value: ₹0.29

The stock is overvalued by 85.28% compared to the current price ₹2

*Investments are subject to market risks

Strength and Weakness of Radha Madhav Corporation Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -146.75, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -7.43 and average Dividend Yield of -2,700.06%.
  2. The stock has a low average ROCE of 2.33%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.17, which may not be favorable.
  4. The company has higher borrowings (110.42) compared to reserves (-150.08), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (118.75) and profit (-17.75).

Should I Buy Radha Madhav Corporation Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Radha Madhav Corporation Ltd:
    1. Net Profit Margin: -12394.88%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 2077.61% (Industry Average ROCE: 17.96%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.12
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 14.8 (Industry average Stock P/E: 49.4)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Radha Madhav Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE