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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Rajdarshan Industries Ltd

About the Company - Rajdarshan Industries Ltd

Rajdarshan Industries Ltd. is a Public Limited Listed company incorporated on 26/12/1980 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L14100RJ1980PLC002145 and registration number is 002145. Currently company belongs to the Industry of Construction & Contracting. Company’s Total Operating Revenue is Rs. 0.44 Cr. and Equity Capital is Rs. 3.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Mining/Minerals59, Moti Magri Scheme, Udaipur Rajasthan 313001info@rajdarshanindustrieslimited.com
http://www.rajdarshanindustrieslimited.com
Management
NamePosition Held
Mr. Devendra SharmaManaging Director & CEO
Mrs. Aruna DoshiWhole Time Director
Mr. Roshan Lal NagarIndependent Director
Mr. Prakash Kumar VerdiaIndependent Director
Ms. Surabhi YadavIndependent Director
Mr. Madhav DoshiNon Executive Director

Rajdarshan Industries Ltd. Share Price Update

Share PriceValue
Today₹46.98
Previous Day₹46.15

Basic Stock Data of Rajdarshan Industries Ltd

Market Cap 15.5 Cr.
Current Price 49.8
High / Low64.4/26.4
Stock P/E22.4
Book Value 71.0
Dividend Yield0.00 %
ROCE1.52 %
ROE1.42 %
Face Value 10.0

Data Source: screener.in

Competitors of Rajdarshan Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
NMDC Ltd 68,767 Cr. 235253/10411.9 83.62.83 %30.2 %23.0 % 1.00
Orissa Minerals Development Company Ltd 4,028 Cr. 6,7138,344/2,295 43.00.00 %1.48 %% 1.00
20 Microns Ltd 519 Cr. 147201/62.89.85 91.10.50 %19.3 %15.3 % 5.00
Vedanta Ltd 1,02,260 Cr. 275301/20820.5 85.037.0 %21.2 %20.4 % 1.00
MOIL Ltd 5,718 Cr. 281370/14120.2 1161.31 %14.7 %11.0 % 10.0
Industry Average36,258.40 Cr1,530.2012.4983.748.33%17.38%13.94%3.60

Rajdarshan Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.000.000.000.000.000.000.440.730.330.400.440.480.00
Expenses0.130.070.070.110.060.080.560.940.350.370.480.580.05
Operating Profit-0.13-0.07-0.07-0.11-0.06-0.08-0.12-0.21-0.020.03-0.04-0.10-0.05
OPM %-27.27%-28.77%-6.06%7.50%-9.09%-20.83%
Other Income0.290.430.270.290.270.150.200.120.300.030.100.180.24
Interest0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.010.000.010.000.000.000.000.000.000.000.000.000.00
Profit before tax0.150.360.190.180.210.070.08-0.090.280.060.060.080.19
Tax %0.00%13.89%73.68%0.00%4.76%14.29%-50.00%-11.11%7.14%33.33%-66.67%0.00%0.00%
Net Profit0.160.310.050.180.190.050.12-0.100.260.040.100.080.19
EPS in Rs0.511.000.160.580.610.160.39-0.320.840.130.320.260.61

Rajdarshan Industries Ltd Quarterly Chart

Rajdarshan Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1.822.292.271.811.271.221.671.610.600.000.441.901.60
Expenses1.411.401.431.251.251.301.341.188.710.320.802.121.80
Operating Profit0.410.890.840.560.02-0.080.330.43-8.11-0.32-0.36-0.22-0.20
OPM %22.53%38.86%37.00%30.94%1.57%-6.56%19.76%26.71%-1,351.67%-81.82%-11.58%-12.50%
Other Income0.180.330.240.380.460.610.630.430.301.250.900.550.85
Interest0.050.060.060.040.010.050.010.000.000.000.000.010.00
Depreciation0.500.490.330.300.260.220.120.060.030.020.010.010.00
Profit before tax0.040.670.690.600.210.260.830.80-7.840.910.530.310.65
Tax %-125.00%31.34%28.99%28.33%14.29%15.38%14.46%27.50%25.64%23.08%-1.89%3.23%
Net Profit0.090.470.490.430.180.220.700.58-5.820.710.540.300.69
EPS in Rs0.291.511.581.380.580.712.251.87-18.722.281.740.972.22
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Rajdarshan Industries Ltd Profit & Loss Yearly Chart

Rajdarshan Industries Ltd Growth

Compounded Sales Growth
10 Years:-2%
5 Years:3%
3 Years:47%
TTM:-16%
Compounded Profit Growth
10 Years:-4%
5 Years:-16%
3 Years:27%
TTM:116%
Stock Price CAGR
10 Years:22%
5 Years:18%
3 Years:58%
1 Year:31%
Return on Equity
10 Years:-1%
5 Years:-4%
3 Years:3%
Last Year:1%

Rajdarshan Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3.113.113.113.113.113.113.113.113.113.113.113.113.11
Reserves14.4814.9415.4315.8616.0418.8719.1619.8512.2815.0618.3217.6518.95
Borrowings0.240.710.430.130.010.000.000.000.000.000.000.000.01
Other Liabilities0.090.140.340.310.140.120.100.150.080.100.560.510.32
Total Liabilities17.9218.9019.3119.4119.3022.1022.3723.1115.4718.2721.9921.2722.39
Fixed Assets1.832.141.851.561.310.860.690.640.390.340.320.320.31
CWIP3.922.922.872.872.870.000.000.000.000.000.000.000.00
Investments1.972.982.982.962.465.555.826.054.016.549.628.639.96
Other Assets10.2010.8611.6112.0212.6615.6915.8616.4211.0711.3912.0512.3212.12
Total Assets17.9218.9019.3119.4119.3022.1022.3723.1115.4718.2721.9921.2722.39

Rajdarshan Industries Ltd Reserves and Borrowings Chart

Rajdarshan Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1.050.200.940.720.98-1.970.33-0.83-0.100.01-0.62-0.38
Cash from Investing Activity -0.09-0.460.250.370.960.36-0.180.34-0.230.120.520.24
Cash from Financing Activity -0.180.40-0.32-0.34-0.13-0.06-0.010.000.000.000.000.00
Net Cash Flow0.780.140.870.741.81-1.670.14-0.49-0.330.14-0.10-0.14

Rajdarshan Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,040.85812.88869.89286.35155.2065.8285.24281.12815.171,136.48124.87
Inventory Days0.000.000.00
Days Payable
Cash Conversion Cycle1,040.85812.88869.89286.35155.2065.8285.24281.12815.171,136.48124.87
Working Capital Days1,090.991,026.461,096.61475.91238.541,451.021,020.691,262.763,333.674,537.61866.39
ROCE %0.45%3.94%3.82%3.20%1.15%1.41%3.80%3.54%-40.89%5.42%2.68%1.52%

Rajdarshan Industries Ltd Financial Efficiency Indicators Chart

Rajdarshan Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters64.65%65.43%65.43%65.43%63.60%63.66%63.66%63.66%63.66%63.66%63.66%63.66%
DIIs0.67%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%
Public34.67%33.89%33.89%33.89%35.72%35.66%35.66%35.67%35.66%35.66%35.65%35.67%
No. of Shareholders2,6082,6962,7163,3415,0084,8724,9044,8604,9434,8694,7495,056

Rajdarshan Industries Ltd Shareholding Pattern Chart

No. of Rajdarshan Industries Ltd Shareholders

This stock is not held by any mutual fund

Rajdarshan Industries Ltd ROCE Trend

Rajdarshan Industries Ltd EPS Trend

Rajdarshan Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.951.769.00-24.352.23
Diluted EPS (Rs.)0.951.769.00-24.352.23
Cash EPS (Rs.)0.981.762.33-18.632.05
Book Value[Excl.RevalReserv]/Share (Rs.)66.8569.0058.5049.5073.86
Book Value[Incl.RevalReserv]/Share (Rs.)66.8569.0058.5049.5073.86
Revenue From Operations / Share (Rs.)6.121.400.001.935.19
PBDIT / Share (Rs.)1.021.732.99-25.112.76
PBIT / Share (Rs.)0.991.702.94-25.202.57
PBT / Share (Rs.)0.991.702.93-25.202.57
Net Profit / Share (Rs.)0.951.722.27-18.721.86
NP After MI And SOA / Share (Rs.)0.941.762.30-18.721.89
PBDIT Margin (%)16.67123.550.00-1304.0953.22
PBIT Margin (%)16.21121.030.00-1308.5749.58
PBT Margin (%)16.21121.030.00-1308.6249.55
Net Profit Margin (%)15.56122.910.00-972.0935.87
NP After MI And SOA Margin (%)15.49125.610.00-971.9536.38
Return on Networth / Equity (%)1.412.553.92-37.812.55
Return on Capital Employeed (%)1.482.435.01-50.843.48
Return On Assets (%)1.382.483.90-37.602.53
Asset Turnover Ratio (%)0.080.020.000.030.07
Current Ratio (X)18.3025.52109.96126.5547.25
Quick Ratio (X)18.3025.52109.96126.5547.25
Interest Coverage Ratio (X)0.000.002633.53-24168.621741.67
Interest Coverage Ratio (Post Tax) (X)0.000.001999.58-18014.661175.04
Enterprise Value (Cr.)4.807.100.850.563.48
EV / Net Operating Revenue (X)2.5216.280.000.932.16
EV / EBITDA (X)15.1113.180.91-0.074.06
MarketCap / Net Operating Revenue (X)4.4422.630.005.193.14
Price / BV (X)0.400.460.180.200.22
Price / Net Operating Revenue (X)4.4422.650.005.193.14
EarningsYield0.030.050.21-1.870.11

Rajdarshan Industries Ltd Profitability Ratios (%)

Rajdarshan Industries Ltd Liquidity Ratios

Rajdarshan Industries Ltd Liquidity Ratios (%)

Rajdarshan Industries Ltd Interest Coverage Ratios (X)

Rajdarshan Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Rajdarshan Industries Ltd

Fair Value: ₹23.04

The stock is overvalued by 53.74% compared to the current price ₹49.8

*Investments are subject to market risks

Strength and Weakness of Rajdarshan Industries Ltd

StrengthWeakness
  1. The company has higher reserves (16.68 cr) compared to borrowings (0.12 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -3.40 and average Dividend Yield of -224.35%.
  2. The stock has a low average ROCE of -0.83%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 132.82, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 291.55, which may not be favorable.
  5. The company has not shown consistent growth in sales (1.42) and profit (-0.10).

Should I Buy Rajdarshan Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Rajdarshan Industries Ltd:
    1. Net Profit Margin: 15.56%
      • 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: 1.48% (Industry Average ROCE: 17.38%)
      • 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): 0.00
      • 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: 18.30
      • 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: 21.5 (Industry average Stock P/E: 12.2)
      • 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 Rajdarshan Industries 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