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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Reliance Naval & Engineering Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 14, 2024, 12:30 am

Market Cap 170 Cr.
Current Price 2.30
High / Low /
Stock P/E
Book Value 4.98
Dividend Yield0.00 %
ROCE3.53 %
ROE23.8 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hariyana Ship Breakers Ltd 83.1 Cr. 135 240/79.055.4 2370.00 %3.92 %2.22 % 10.0
Reliance Naval & Engineering Ltd 170 Cr. 2.30 / 4.980.00 %3.53 %23.8 % 10.0
Mazagon Dock Shipbuilders Ltd 95,280 Cr. 4,724 5,860/1,79538.5 3250.58 %50.6 %37.8 % 10.0
Cochin Shipyard Ltd 39,292 Cr. 1,494 2,979/61144.3 2020.65 %21.6 %17.2 % 5.00
Industry Average44,914.00 Cr1,588.8346.07192.250.31%19.91%20.26%8.75

All Competitor Stocks of

Quarterly Result

MonthMar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales17202221212100
Expenses15020-101011761010269145
Operating Profit-133-1810-8-8-5-5-7-9-24-8-13-5
OPM %-771%-911%-345%-390%-210%-662%-308%-1,153%-1,170%-1,212%-3,370%
Other Income-44-180-1,141-02313442110
Interest3433568173854744995035034934985035084
Depreciation19191919181819191817171717
Profit before tax-539-572-1,966-412-477-522-524-525-516-537-527-538-26
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-539-572-1,966-412-477-522-524-525-516-537-527-538-26
EPS in Rs-7.31-7.75-26.66-5.59-6.46-7.07-7.10-7.12-6.99-7.28-7.15-7.30-0.35

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022TTM
Sales8601,8672,5862,27983130751933518075664
Expenses7071,4552,0521,664760464496524195252303359
Operating Profit15341253561571-15722-189-15-176-24-27-55
OPM %18%22%21%27%9%-51%4%-56%-8%-234%-376%-421%-1,396%
Other Income64242739314045-84-8,742-42-1,298139
Interest1192583974654534725736971,2781,3282,0321,9992,002
Depreciation491061231621972142011986675747470
Profit before tax48734128-548-804-706-1,169-10,101-1,621-3,427-2,086-2,118
Tax %17%75%31%70%38%34%26%18%-4%0%0%0%
Net Profit4019298-341-529-523-956-10,481-1,621-3,427-2,086-2,118
EPS in Rs0.600.270.410.11-4.63-7.18-7.11-12.96-142.10-21.98-46.46-28.29-28.72
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)-52.50%52.63%-72.41%-4362.50%-55.13%1.13%-82.79%-996.34%84.53%-111.41%39.13%
Change in YoY Net Profit Growth (%)0.00%105.13%-125.05%-4290.09%4307.37%56.27%-83.93%-913.55%1080.87%-195.95%150.54%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2011-2012 to 2021-2022.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-100%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:25%
TTM:92%
Stock Price CAGR
10 Years:-25%
5 Years:-13%
3 Years:-20%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-24%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:07 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital7017367367367367387387387387383353
Reserves1,3651,6011,486958434-515-10,996-12,617-16,043-18,130542471315
Borrowings4,7915,1556,3327,6578,7539,87810,91612,19715,43315,4362,1482,2192,361
Other Liabilities1,1102,1021,8671,4081,3881,6762,7023,7263,6785,697914854
Total Liabilities7,9669,59510,42110,76011,31211,7773,3604,0433,8053,7412,7832,7402,783
Fixed Assets2,6972,7155,4595,2635,0644,9661,4461,4801,4061,3321,2321,1681,141
CWIP2,1873,1583,4193,7504,1104,486103373737374387
Investments252121213121202022222
Other Assets3,0573,7011,5221,7262,1082,3041,7912,5062,3612,3701,5131,5281,554
Total Assets7,9669,59510,42110,76011,31211,7773,3604,0433,8053,7412,7832,7402,783

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +610942448-610-335-245-258-1,2537102,0071,428-70
Cash from Investing Activity +-1,772-838-1,009-22-100348141-1212-11
Cash from Financing Activity +1,176-1045406514272521511,177-707-1,999-1,46091
Net Cash Flow140-2018-841-27-35111-2010

Free Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Free Cash Flow153.00412.00531.00610.0065.00-164.0014.00-198.00-25.00-188.00-39.00-42.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1781262162013216112149470
Inventory Days122441135513,9801,0547401,4667,331692,2792,928,100
Days Payable156821385411,7633643056634,443112,894513,920
Cash Conversion Cycle14489191302,2306924518142,891149579,4312,414,180
Working Capital Days24810863-279-501-194-5,647-13,070-32,510-803,434-918,584-2,009,010
ROCE %8%7%7%-1%-4%-1%-3%-1%-47%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
FIIs0.09%0.09%0.16%0.14%0.14%0.11%0.51%0.52%0.48%0.48%0.48%0.48%
DIIs7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%
Public91.98%91.98%91.91%91.93%91.91%91.96%91.56%91.55%91.58%91.58%91.58%91.58%
No. of Shareholders1,92,9991,93,5901,95,1491,95,0551,93,9321,93,4921,92,9781,91,2851,91,1291,91,1111,91,0971,91,097

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 20Mar 19Mar 18Mar 17Mar 16
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-23.87-148.14-13.72-7.84-8.05
Diluted EPS (Rs.)-23.87-148.14-13.72-7.84-8.05
Cash EPS (Rs.)-22.90-147.19-10.90-5.02-5.04
Book Value[Excl.RevalReserv]/Share (Rs.)-165.10-141.296.0119.6527.50
Book Value[Incl.RevalReserv]/Share (Rs.)-165.10-141.296.0119.6527.50
Revenue From Operations / Share (Rs.)1.022.445.137.654.24
PBDIT / Share (Rs.)-2.09-1.10-1.360.99-1.53
PBIT / Share (Rs.)-3.06-2.05-4.17-1.83-4.54
PBT / Share (Rs.)-23.87-142.84-16.60-10.32-11.84
Net Profit / Share (Rs.)-23.87-148.15-13.72-7.84-8.05
NP After MI And SOA / Share (Rs.)-23.87-148.14-13.72-7.84-8.05
PBDIT Margin (%)-203.97-45.00-26.4713.00-36.16
PBIT Margin (%)-299.28-84.16-81.36-23.89-107.00
PBT Margin (%)-2332.57-5853.13-323.51-134.93-278.87
Net Profit Margin (%)-2332.57-6070.55-267.37-102.48-189.68
NP After MI And SOA Margin (%)-2332.39-6070.18-267.37-102.46-189.58
Return on Networth / Equity (%)0.000.00-228.20-39.89-29.25
Return on Capital Employeed (%)1.901.50-18.90-1.81-4.11
Return On Assets (%)-37.08-263.52-7.78-4.64-5.01
Long Term Debt / Equity (X)-0.02-0.022.524.122.96
Total Debt / Equity (X)-0.60-0.5912.046.193.88
Asset Turnover Ratio (%)0.010.020.020.040.02
Current Ratio (X)0.140.110.160.320.36
Quick Ratio (X)0.110.070.100.160.19
Inventory Turnover Ratio (X)0.050.290.460.330.19
Interest Coverage Ratio (X)-0.10-0.05-0.130.11-0.21
Interest Coverage Ratio (Post Tax) (X)-0.15-0.39-0.120.07-0.10
Enterprise Value (Cr.)7466.526936.127204.6313783.6412705.01
EV / Net Operating Revenue (X)98.9138.5319.0424.4740.66
EV / EBITDA (X)-48.49-85.62-71.89188.14-112.41
MarketCap / Net Operating Revenue (X)1.504.435.378.7916.01
Price / BV (X)-0.01-0.074.583.422.47
Price / Net Operating Revenue (X)1.514.435.378.7916.01
EarningsYield-15.50-13.69-0.49-0.11-0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 18.13

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 688.26% compared to the current share price 2.30

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 21, 2024 is: 46.78

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 1,933.91% compared to the current share price 2.30

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 158.03%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -194.00, which is a positive sign.
  1. The stock has a low average ROCE of -2.92%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 262.08, which may not be favorable.
  3. The company has higher borrowings (7,944.31) compared to reserves (-3,933.00), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (240.62) and profit (-145.15).
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: -2332.57%
      • 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: 1.9% (Industry Average ROCE: 19.91%)
      • 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. ROE%: 0% (Industry Average ROE: 20.26%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.15
      • 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.
    5. Quick Ratio: 0.11
      • 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.
    6. Stock P/E: 0 (Industry average Stock P/E: 46.07)
      • 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.
    7. Total Debt / Equity: -0.6
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Reliance Naval and Engineering Ltd. is a Public Limited Listed company incorporated on 17/10/1997 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L35110GJ1997PLC033193 and registration number is 033193. Currently company belongs to the Industry of Ship - Docks/Breaking/Repairs. Company’s Total Operating Revenue is Rs. 6.32 Cr. and Equity Capital is Rs. 737.59 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ship - Docks/Breaking/RepairsPipavav Port, Post Ucchaiya, Amreli Dist. Gujarat 365560rdel.investors@relianceada.com
http://www.rnaval.co.in
Management
NamePosition Held
Mr. Venkata RachakondaNon Executive Director
Ms. Shiby JobbyNon Executive Director
Mr. Debashis BirNon Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹18.13, which is 688.26% higher than the current market price of ₹2.30. The stock has a market capitalization of 170 Cr. and recorded a high/low of / during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹315 Cr and total liabilities of ₹2,783 Cr.

What is the Market Cap of ?

The Market Cap of is 170 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 2.30.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is /.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 4.98.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 3.53 %.

What is the ROE of ?

The ROE of is 23.8 %.

What is the Face Value of ?

The Face Value of is 10.0.

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 . 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