RACL Geartech Ltd - Stock Valuation and Financial Performance

BSE: 520073 | NSE: | Auto Ancillary | Small Cap

RACL Geartech Share Price

1,198.70 3.75 0.31%
as on 28-Mar'24 14:36

DeciZen - make an informed investing decision on RACL Geartech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

RACL Geartech stock performance -

mw4me loader
P/E Ratio (SA):
31.48
Market Cap:
1,288.4 Cr.
52-wk low:
800
52-wk high:
1,525

Is RACL Geartech Ltd an attractive stock to invest in?

1. Is RACL Geartech Ltd a good quality company?

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

2. Is RACL Geartech Ltd undervalued or overvalued?

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

3. Is RACL Geartech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RACL Geartech 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 RACL Geartech:

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.
RACL Geartech 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 % 8.7%10.9%10%9.9%10.2%10.2%14.1%13.8%12.1%14%-
Value Creation
Index
-0.4-0.2-0.3-0.3-0.3-0.30.00.0-0.10-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 104108118116136190212204271358399
Sales YoY Gr.-3.1%9.5%-1.5%17.4%39.5%11.8%-4.1%33.2%32.1%-
Adj EPS 2.13.63.75.27.49.215.819.420.529.938
YoY Gr.-71.9%3.3%38.6%43.7%24.4%71.1%22.8%5.7%45.5%-
BVPS (₹) 25.12831.347.855.164.779100.1121.9155.3182.8
Adj Net
Profit
1.93.63.75.17.49.51720.922.132.241
Cash Flow from Ops. 6.44.110.39.14.619.133.238.910.660.3-
Debt/CF from Ops. 6.18.92.95.914.54.52.72.815.43.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.7%21.4%19%32.1%
Adj EPS 34.3%32.1%23.6%45.5%
BVPS22.5%23.1%25.3%27.5%
Share Price 61.8% 77% 69.1% 49.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.49.48.611.114.515.722.521.718.521.622.5
Op. Profit
Mgn %
13.114.712.612.913.216.219.42521.122.823.9
Net Profit
Mgn %
1.83.33.14.45.45810.38.2910.3
Debt to
Equity
1.71.311.11.21.3111.21.2-
Working Cap
Days
14614713015719618019022820419897
Cash Conv.
Cycle
384555831161081151201101199

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.50%

Sales growth is growing at healthy rate in last 3 years 19.04%

Net Profit is growing at healthy rate in last 3 years 23.61%

Sales growth is good in last 4 quarters at 20.47%

Debt to equity has increased versus last 3 years average to 1.21

Latest Financials - RACL Geartech Ltd.

Standalone Consolidated
TTM EPS (₹) 38 37.6
TTM Sales (₹ Cr.) 399 399
BVPS (₹.) 182.8 182.4
Reserves (₹ Cr.) 186 186
P/BV 6.54 6.55
PE 31.48 31.78
From the Market
52 Week Low / High (₹) 800.00 / 1525.00
All Time Low / High (₹) 0.85 / 1525.00
Market Cap (₹ Cr.) 1,288
Equity (₹ Cr.) 10.8
Face Value (₹) 10
Industry PE 46

Management X-Ray of RACL Geartech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of RACL Geartech

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
Sales104108118116136190212204271358
Operating Expenses 9192103101118159171153214277
Manufacturing Costs293134354160645580106
Material Costs424044424864686190110
Employee Cost 14151617192123232733
Other Costs 6687101516141829
Operating Profit 14161515183141515782
Operating Profit Margin (%) 13.1%14.7%12.6%12.9%13.2%16.2%19.4%25.0%21.1%22.8%
Other Income 0001111449
Interest 676566881221
Depreciation 44445811161619
Exceptional Items 0000000000
Profit Before Tax 356691722303351
Tax 21211857914
Profit After Tax 244581017232437
PAT Margin (%) 1.8%3.3%3.1%4.4%5.8%5.1%8.0%11.5%8.8%10.5%
Adjusted EPS (₹)2.13.63.75.27.99.515.821.722.234.7
Dividend Payout Ratio (%)0%0%0%0%0%0%6%5%5%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 36414547556685108131167
Share Capital 9101010101011111111
Reserves 2731353845567497121157
Minority Interest0000000000
Debt3329245460757487134164
Long Term Debt159810193131527185
Short Term Debt18191644414444356379
Trade Payables23181416212119282938
Others Liabilities 19242514223649556482
Total Liabilities 111111107131157199228278359452

Fixed Assets

Gross Block9294986476105130175227292
Accumulated Depreciation313436151020344864
Net Fixed Assets626062647295109141178228
CWIP 1000000142
Investments 0000000000
Inventories21252727333641425795
Trade Receivables1617931415154557784
Cash Equivalents 11131111103
Others Assets10897111722373339
Total Assets 111111107131157199228278359452

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6410951933391160
PBT 35657916243351
Adjustment 1111109101421242839
Changes in Working Capital -1-42-4-12-8-9-16-43-23
Tax Paid -1-1-20-1357-8-7
Cash Flow From Investing Activity -10-2-7-5-13-31-26-49-55-76
Capex -10-2-6-5-13-31-26-49-55-60
Net Investments 0000000000
Others -10-1000000-16
Cash Flow From Financing Activity 4-2-3-4711-7104417
Net Proceeds from Shares 0200024000
Net Proceeds from Borrowing 00011315-1000
Interest Paid 000-5-6-6-8-8-12-21
Dividend Paid 000000-1-10-1
Others 4-4-30000195639
Net Cash Flow 1000-100002
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.6914.2912.5613.0815.4116.1322.424.2220.0125.06
ROCE (%)16.3518.6117.8814.3312.9117.3918.6619.8217.7621.65
Asset Turnover Ratio1.041.041.151.040.961.0710.810.850.88
PAT to CFO Conversion(x)312.51.80.631.91.941.70.461.62
Working Capital Days
Receivable Days55523758948890988982
Inventory Days68737579786667756777
Payable Days183184130129139121108141116112

RACL Geartech Ltd Stock News

RACL Geartech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of RACL Geartech on 28-Mar-2024 14:36 is ₹1,198.7.
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 14:36 the market cap of RACL Geartech stood at ₹1,288.4.
The latest P/E ratio of RACL Geartech as of 28-Mar-2024 14:36 is 31.48.
The latest P/B ratio of RACL Geartech as of 28-Mar-2024 14:36 is 6.54.
The 52-week high of RACL Geartech is ₹1,525 and the 52-week low is ₹800.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RACL Geartech is ₹398.9 ( Cr.) .

About RACL Geartech Ltd

The year 1989 witnessed the advent of a leader in the automotive components sector- Raunaq Automotive Components Ltd. (RACL). Over the years, this company has scripted success stories of meeting complex engineering solutions and satisfying challenging customer needs in the field of Motorcycles & Scooters, 3 & 4 Wheeler Passenger & Cargo Vehicles Tractors, ATV, Light& Heavy Commercial Vehicles. It has also diversified in the field of Industrial Gears for Electrical Switch Gears & Circuit Breakers, Winches & Cranes.

RACL has its manufacturing set up spread over an area of more 1,00,000 Sq Mts of land and 7000 Sq Mts of built up area. It is located at Gajraula, 100 kms from New Delhi, on National Highway NH 24, the most important road link between New Delhi with Uttar Pradesh state capital Lucknow. RACL is recognized for manufacturing premium quality Transmission Gears, Shafts, Engine Timing Gears and Sprockets for automotive & industrial applications in the domestic as well as global markets.

RACL’s concerted effort towards growth can be asserted with its state-of-the-art infrastructure meticulously developed with the most modern Production machines, Testing Equipments and pioneering technology.

RACL has successfully achieved a turnover of US Dollars 15.75 million for the year 2007-08 and is constantly exploring new vistas of expansion and growth.

Product range of the company includes:

  • Transmission Gears & Shafts
  • Engine Timing Gears
  • Sprockets & Ratchets
  • Synchronising Cones & Rings
  • Industrial Gears
Clientele:

Catering to a host of industries and serving some of the prestigious names in the automotive sector, RACL has emerged as the most preferred auto components supplier to major OEM’s around the globe. With a strong customer base in Japan, Europe, South East Asia & USA, the company is spreading its wings to further worldwide markets. Owing to their consistent performance and quality focused approach towards engineering, RACL has successfully earned a coveted client base as TIER 1 & TIER 2 supplier, with names like:

  • Piaggio
  • Yamaha
  • Honda
  • Lombardini
  • Areva
  • BRP
  • Hero Motors
  • DANA
  • Swaraj Mazda
Achievements/ recognition:-
  • An ISO 9001 & ISO : TS 16949 certified company
  • 2010 - The Company received Bronze Trophy for Excellence in Exports.
    The Company received Second Prize from CII National Cluster Summit
  • 2011 - The Company received Golden Trophy for Excellence in Exports."

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