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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Reliance Naval & Engineering Ltd

About the Company - Reliance Naval & Engineering Ltd

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

Basic Stock Data of Reliance Naval & Engineering Ltd

Last Updated: June 19, 2024, 10:24 am

Market Cap 170 Cr.
Current Price 2.30
High / Low2.78/2.05
Stock P/E
Book Value 258
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Competitors of Reliance Naval & Engineering Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mazagon Dock Shipbuilders Ltd 78,206 Cr. 3,8783,990/1,16242.4 2760.41 %50.6 %37.9 % 10.0
Cochin Shipyard Ltd 55,835 Cr. 2,1222,175/27868.7 1910.40 %21.4 %17.2 % 5.00
Industry Average67,020.50 Cr3,000.0055.55233.500.41%36.00%27.55%7.50

Reliance Naval & Engineering Ltd Quarterly Results

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: April 10, 2024, 4:18 am

Reliance Naval & Engineering Ltd Quarterly Chart

Reliance Naval & Engineering Ltd Profit & Loss

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%

Reliance Naval & Engineering Ltd Profit & Loss Yearly Chart

Reliance Naval & Engineering Ltd Growth

Compounded Sales Growth
10 Years:-49%
5 Years:-61%
3 Years:-65%
TTM:-50%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-2%
TTM:22%
Stock Price CAGR
10 Years:-28%
5 Years:-11%
3 Years:-27%
1 Year:7%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: May 31, 2024, 6:48 am

Reliance Naval & Engineering Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital691701736736736736738738738738738738
Reserves1,2481,3441,6011,486958434-515-10,996-12,617-16,043-18,130-19,758
Preference Capital000000101011
Borrowings3,0104,7915,1556,3327,6578,7539,86910,90612,1852,9782,9612,984
Other Liabilities1,0101,1302,1021,8671,4081,3881,6852,7133,73816,13318,17219,654
Total Liabilities5,9597,9669,59510,42110,76011,31211,7773,3604,0433,8053,7413,618
Fixed Assets2,2042,6972,7155,4595,2635,0644,9661,4461,4801,4061,3321,234
CWIP5652,1873,1583,4193,7504,1104,48610337373737
Investments302521212131212020222
Other Assets3,1603,0573,7011,5221,7262,1082,3041,7912,5062,3612,3702,345
Total Assets5,9597,9669,59510,42110,76011,31211,7773,3604,0433,8053,7413,618

Reliance Naval & Engineering Ltd Reserves and Borrowings Chart

Reliance Naval & Engineering Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Cash from Operating Activity -500-623610942448-610-335-245-258-1,2537102,007
Cash from Investing Activity -299-459-1,772-838-1,009-22-100348141-12
Cash from Financing Activity 7781,0041,176-1045406514272521511,177-707-1,999
Net Cash Flow-21-78140-2018-841-27-35111

Reliance Naval & Engineering Ltd 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%

Reliance Naval & Engineering Ltd Financial Efficiency Indicators Chart

Reliance Naval & Engineering Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
FIIs0.14%0.08%0.09%0.09%0.16%0.14%0.14%0.11%0.51%0.52%0.48%0.48%
DIIs7.92%7.92%7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%7.93%
Public91.94%92.00%91.98%91.98%91.91%91.93%91.91%91.96%91.56%91.55%91.58%91.58%
No. of Shareholders1,81,6681,87,2081,92,9991,93,5901,95,1491,95,0551,93,9321,93,4921,92,9781,91,2851,91,1291,91,111

Reliance Naval & Engineering Ltd Shareholding Pattern Chart

No. of Reliance Naval & Engineering Ltd Shareholders

This stock is not held by any mutual fund

Reliance Naval & Engineering Ltd ROCE Trend

Reliance Naval & Engineering Ltd EPS Trend

Reliance Naval & Engineering Ltd 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

Reliance Naval & Engineering Ltd Profitability Ratios (%)

Reliance Naval & Engineering Ltd Liquidity Ratios

Reliance Naval & Engineering Ltd Liquidity Ratios (%)

Reliance Naval & Engineering Ltd Interest Coverage Ratios (%)

Reliance Naval & Engineering Ltd Valuation Ratios

Fair Value

Fair Value: 592.11

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.

Undervalued: 25,643.91% compared to the current price 2.3

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 1,527.82

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 66,326.99% compared to the current price ₹2.3

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 158.03%

*Investments are subject to market risks

Strength and Weakness of Reliance Naval & Engineering Ltd Stock

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 (2.58) compared to reserves (-5,915.67), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (240.62) and profit (-145.15).

FAQ

What is the latest fair value of Reliance Naval & Engineering Ltd?

The latest fair value of Reliance Naval & Engineering Ltd is ₹592.11.

What is the Market Cap of Reliance Naval & Engineering Ltd?

The Market Cap of Reliance Naval & Engineering Ltd is 170 Cr..

What is the current Stock Price of Reliance Naval & Engineering Ltd as on 19 June 2024?

The current stock price of Reliance Naval & Engineering Ltd as on 19 June 2024 is ₹2.30.

What is the High / Low of Reliance Naval & Engineering Ltd stocks in FY 2024?

In FY 2024, the High / Low of Reliance Naval & Engineering Ltd stocks is 2.78/2.05.

What is the Stock P/E of Reliance Naval & Engineering Ltd?

The Stock P/E of Reliance Naval & Engineering Ltd is .

What is the Book Value of Reliance Naval & Engineering Ltd?

The Book Value of Reliance Naval & Engineering Ltd is 258.

What is the Dividend Yield of Reliance Naval & Engineering Ltd?

The Dividend Yield of Reliance Naval & Engineering Ltd is 0.00 %.

What is the ROCE of Reliance Naval & Engineering Ltd?

The ROCE of Reliance Naval & Engineering Ltd is %.

What is the ROE of Reliance Naval & Engineering Ltd?

The ROE of Reliance Naval & Engineering Ltd is %.

What is the Face Value of Reliance Naval & Engineering Ltd?

The Face Value of Reliance Naval & Engineering Ltd 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 Reliance Naval & Engineering 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