Rashi Peripherals Ltd - Stock Valuation and Financial Performance

BSE: 544119 | NSE: RPTECH | Trading | Small Cap

Rashi Peripheral Share Price

312.50 -9.25 -2.87%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Rashi Peripheral

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Rashi Peripherals stock performance -

mw4me loader
P/E Ratio (SA):
16.74
Market Cap:
2,060 Cr.
52-wk low:
291.3
52-wk high:
388.2

Is Rashi Peripherals Ltd an attractive stock to invest in?

1. Is Rashi Peripherals Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rashi Peripherals Ltd is a below average quality company.

2. Is Rashi Peripherals Ltd undervalued or overvalued?

The key valuation ratios of Rashi Peripherals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Rashi Peripherals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rashi Peripherals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Rashi Peripheral:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rashi Peripherals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.7%10.5%10.4%11.3%12.4%10.4%12.1%19.8%19.5%12.8%-
Value Creation
Index
-0.1-0.3-0.3-0.2-0.1-0.3-0.10.40.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0722,8083,0243,8404,4133,9873,9185,8649,1619,2629,262
Sales YoY Gr.-35.5%7.7%27%14.9%-9.7%-1.7%49.7%56.2%1.1%-
Adj EPS 2.83.83.65.28.66.91029.12.134.118.7
YoY Gr.-34.6%-5%43.4%66.1%-20.3%45.4%191.1%-92.7%1508.5%-
BVPS (₹) 18.822.526.231.44046.956.993.36.5164.9222.2
Adj Net
Profit
11.815.915.121.73628.741.8122186142123
Cash Flow from Ops. -30.5-480.7-13.6-58.2-27.553-120-307-113-
Debt/CF from Ops. -5.3-4.4285.8-16.7-5.8-13.36.1-4.1-2.9-9.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.1%16%33.2%1.1%
Adj EPS 31.9%31.7%50.6%1508.5%
BVPS27.3%32.8%42.6%2440.1%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.318.514.91824.215.819.338.738.822.79.7
Op. Profit
Mgn %
1.91.61.71.51.81.52.23.33.43.12.6
Net Profit
Mgn %
0.60.60.50.60.80.71.12.121.51.3
Debt to
Equity
22.21.91.721.91.41.31.61.6-
Working Cap
Days
6561686567839077791010
Cash Conv.
Cycle
282831303240433639510

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 33.22%

Net Profit is growing at healthy rate in last 3 years 50.57%

Return on Equity has declined versus last 3 years average to 9.70%

Debt to equity has increased versus last 3 years average to 1.55

Sales growth is not so good in last 4 quarters at 8.50%

Latest Financials - Rashi Peripherals Ltd.

Standalone Consolidated
TTM EPS (₹) 18.7 18.7
TTM Sales (₹ Cr.) 9,262 9,454
BVPS (₹.) 222.2 223.8
Reserves (₹ Cr.) 1,431 1,442
P/BV 1.41 1.40
PE 16.74 16.71
From the Market
52 Week Low / High (₹) 291.25 / 388.15
All Time Low / High (₹) 291.25 / 388.15
Market Cap (₹ Cr.) 2,060
Equity (₹ Cr.) 33
Face Value (₹) 5
Industry PE 76.7

Management X-Ray of Rashi Peripheral:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Event Update

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Analyst's Notes

Key Ratios of Rashi Peripheral

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,0722,8083,0243,8404,4133,9873,9185,8649,1619,262
Operating Expenses 2,0342,7622,9723,7834,3363,9283,8305,6698,8599,009
Manufacturing Costs2222222122
Material Costs1,9722,6862,8863,6724,2053,8063,7105,5548,6718,774
Employee Cost 3438424756586372106125
Other Costs 273643617363554180107
Operating Profit 38465258775988195302254
Operating Profit Margin (%) 1.8%1.6%1.7%1.5%1.8%1.5%2.2%3.3%3.3%2.7%
Other Income 511442686815
Interest 22182524253837305889
Depreciation 354322261015
Exceptional Items 0000000000
Profit Before Tax 18242434544457165241164
Tax 68812181514426141
Profit After Tax 12161622362942122181123
PAT Margin (%) 0.6%0.6%0.5%0.6%0.8%0.7%1.1%2.1%2.0%1.3%
Adjusted EPS (₹)2.93.93.85.28.66.910.129.32.129.5
Dividend Payout Ratio (%)2%1%1%0%0%0%0%0%1%2%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7994110131167196238390569689
Share Capital 111111112121
Reserves 7893109130166195237389549668
Minority Interest0000000000
Debt1612112122273363653234888651,049
Long Term Debt37252117232018646032
Short Term Debt1241861912103133453054248061,017
Trade Payables2032443053503743824376341,082942
Others Liabilities 19332750291538358276
Total Liabilities 4615816537589079581,0351,5472,5992,756

Fixed Assets

Gross Block4042434344444490107126
Accumulated Depreciation14202325272930364556
Net Fixed Assets26222018161514546269
CWIP 0000001304
Investments 00000151541211
Inventories2012393303323773374895611,1731,484
Trade Receivables2072872693754265024117791,124855
Cash Equivalents 0011105103426
Others Assets263233338688100135193308
Total Assets 4615816537589079581,0351,5472,5992,756

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -31-481-14-58-2753-120-307-113
PBT 18242434544457165241164
Adjustment 252127321939317091
Changes in Working Capital -47-69-19-40-95-589-281-543-318
Tax Paid -5-8-9-11-20-16-14-35-75-50
Cash Flow From Investing Activity -2-2-2-1-1-3-2-10-7-4
Capex -2-2-2-1-1-1-2-6-12-11
Net Investments 0000000000
Others 00000-20-457
Cash Flow From Financing Activity 32502146029-47136338109
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000-29-53-84
Dividend Paid 0000000000
Others 32502146029-47165391192
Net Cash Flow 00001-14624-8
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.3818.7715.5917.9524.1415.9519.4538.9637.6719.56
ROCE (%)18.7615.3915.7217.0918.3915.5116.6827.0625.7115.8
Asset Turnover Ratio5.245.735.195.445.34.283.934.544.423.46
PAT to CFO Conversion(x)-2.58-30.06-0.64-1.61-0.931.26-0.98-1.7-0.92
Working Capital Days
Receivable Days30303231334343373839
Inventory Days31273231293338333552
Payable Days34303533313640353642

Rashi Peripherals Ltd Stock News

Rashi Peripherals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rashi Peripheral on 28-Mar-2024 16:01 is ₹312.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Rashi Peripheral stood at ₹2,060.
The latest P/E ratio of Rashi Peripheral as of 28-Mar-2024 16:01 is 16.74.
The latest P/B ratio of Rashi Peripheral as of 28-Mar-2024 16:01 is 1.41.
The 52-week high of Rashi Peripheral is ₹388.1 and the 52-week low is ₹291.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rashi Peripheral is ₹9,262 ( Cr.) .

About Rashi Peripherals Ltd

Rashi Peripherals Limited was incorporated as ‘Rashi Peripherals Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 15, 1989, issued by the Registrar of Companies, Mumbai at Maharashtra. The Company became a deemed public limited company under Section 43A of the Companies Act, 1956 and the word ‘private’ was deleted with effect from July 1, 1997, pursuant to that the Company once again became a private limited company with effect from October 29, 2001. Subsequently, the Company changed its name and was converted into a public limited company pursuant to a special resolution passed in the annual general meeting of its Shareholders held on July 29, 2022, and consequently, a fresh certificate of incorporation dated August 4, 2022 was issued by the RoC to the Company under its present name, Rashi Peripherals Limited.

The company is among the leading national distribution partners for global technology brands in India for information and communications technology (ICT) products in terms of revenues and distribution network in Fiscal 2023. The company was incorporated in 1989 and has more than 34 years of experience in distribution of ICT products in India. The company commenced operations with manufacturing of peripherals. With the liberalization of the Indian IT sector in 1991, it transitioned to distribution of ICT products of global technology brands in India. It has been instrumental in facilitating the entry of a number of global technology brands and was among the select players that led the formalization of the fragmented and unorganized ICT products distribution in India. 

The company primarily operates into two business verticals; i) Personal Computing, Enterprise and Cloud Solutions (PES): Under this vertical the company distributes personal computing devices, enterprise solutions, embedded designs/ products and cloud computing; and ii) Lifestyle and IT essentials (LIT): This includes the distribution of products such as (a) components that include graphic cards, central processing units (CPUs) and motherboards; (b) storage and memory devices; (c) lifestyle peripherals and accessories that include keyboard, mice, web cameras, monitors, wearables, casting devices, fitness trackers and gaming accessories; (d) power equipment such as UPS and invertors; and (e) networking and mobility devices.

Business area of the company

The company is primarily engaged in distribution of computer and peripheral devices. 

History and milestones

  • 2000: The Company established 9 branches.
  • 2002: The Company sold more than 1,000,000 units.
  • 2004: The Company established 30 branches.
  • 2007: The Company employed more than 500 resources in its workforce across India.
  • 2009: The Company generated an average revenue of Rs 0.99 million per customer.
  • 2011: The Company generated a revenue of more than Rs 10,000 million in a financial year.
  • 2011: The Company sold more than 10 million units.
  • 2016: The Company generated a revenue of more than Rs 30,000 million in a financial year.
  • 2017: The Company generated an average revenue of Rs 5.15 million per customer.
  • 2020: The Company employed more than 1000 resources in its workforce across India.
  • 2022: The Company generated a revenue of more than $1 billion in a financial year.
  • 2022: The Company sold more than 25 million units.
  • 2022: The Company generated an average revenue of Rs 9.74 million per customer.

Awards, accreditations and recognition

  • 2018: Authorised Distributor award by Intel Corporation.
  • 2018: Leadership award by Asus.
  • 2018: National award in Marketing Excellence by Times Network.
  • 2019: Best Value Added Distributor award by VAR.
  • 2019: Highest Achievement in Business Growth YoY for Devices award by Western Digital.
  • 2020 Excellence award under Enterprise Applications Category by CRN India and Express Computer, Indian Express Group.
  • 2020: Value Added Distributor award by VAR India.
  • 2021: Best Distributor award by Economic Times Channel Partners.
  • 2021: Best ICT Distributor award by Digital Terminal.
  • 2021: Best VAD award by VAR India.
  • 2022: Partner of the Year for Asia Pacific & Japan award by Intel.
  • 2023: Best Distributor Award for Highest Growth in EPYC CPU biz. in FY’22 by AMD.
  • 2023: Best ICT National Distributor in India at the Digital Terminal Partners Excellence Awards, 2023.
  • 2023: Best ICT National Distributor in India award by Digital Terminal.
  • 2023: Best VAD 2023 by VAR India.
  • 2023: Digital Terminal Partner Excellence Awards 2023: Best ICT National Distributor in India.
  • 2023: Distributional Excellence Award 2022 in UPS Sales (Growth), All India at Eaton Indian Channel Partner Meet, 2023.
  • 2023: Excellence Award FY 22-23 by AMD.
  • 2023: Intel Partner Award 2023 - Hall of Fame CxO - Rajesh Goenka in his capacity as its Chief Executive Officer, by Intel.
  • 2023: Intel Partner Award 2023-Outstanding Growth Distributor Data Center and AI Group Award by Intel.
  • 2023: Most Preferred National Distributor at the15th Digital Terminal Awards, 2023.
  • 2023: Power Performer 2023 Award by APC.
  • 2023: Samsung Know MSP Solutions Champion September 2023 by Global Mobile B2B Team, MX Samsung Electronics.
  • 2023: The Most Harmonized National Distributor at Insig by LG.
  • 2023: The Most Reputed ICT Indian Distributor of 2022 Award by NCN Innovative Product Awards.

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