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BSE: 520008 | NSE: RICOAUTO | Auto Ancillary | Small Cap
1. Is Rico Auto Industries Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rico Auto Industries Ltd is a below average quality company.
2. Is Rico Auto Industries Ltd undervalued or overvalued?
The key valuation ratios of Rico Auto Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Rico Auto Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Rico Auto Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 4.5% | 5.9% | 7.4% | 6.6% | 8.5% | 9.1% | 7.8% | 3.7% | 1.3% | 4.6% | - | ||
| Value Creation Index ⓘ | -0.7 | -0.6 | -0.5 | -0.5 | -0.4 | -0.4 | -0.5 | -0.7 | -0.9 | -0.7 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 1,506 | 1,480 | 1,346 | 1,007 | 1,038 | 1,209 | 1,393 | 1,401 | 1,470 | 1,860 | 2,302 | ||
| YoY Gr. Rt. % | - | -1.7% | -9% | -25.2% | 3.1% | 16.5% | 15.2% | 0.6% | 4.9% | 26.5% | - | ||
| Adj EPS ⓘ | -0.8 | -0.2 | 0.9 | 2.2 | 3.7 | 4.4 | 3.9 | 1.1 | -1 | 1.8 | 3.8 | ||
| YoY Gr. Rt. % | - | NA | NA | 136.2% | 68.5% | 17.9% | -12% | -70.6% | -186.8% | NA | - | ||
| BVPS (₹) ⓘ | 25.4 | 25.8 | 33.3 | 34.8 | 38.7 | 41.6 | 45.5 | 45.9 | 44.8 | 46.8 | 51 | ||
| Adj Net Profit ⓘ | -11.3 | -2.1 | 12.7 | 30.1 | 50.5 | 59.7 | 52.4 | 15.4 | -13.4 | 24.5 | 51 | ||
| Cash Flow from Ops. ⓘ | 213 | 291 | -20.6 | 35.1 | 75.2 | 85.6 | 128 | 117 | 22.7 | 216 | - | ||
| Debt/CF from Ops. ⓘ | 2.3 | 1.2 | -9 | 6.5 | 3.1 | 3.2 | 3 | 3.6 | 23.9 | 2.6 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 2.4% | 12.4% | 10.1% | 26.5% | ||||||||
| Adj EPS ⓘ | NA | -13.5% | -22.4% | NA | ||||||||
| BVPS ⓘ | 7 | 3.9 | 0.9 | 4.6 | ||||||||
| Share Price | 30.3% | 3.5% | 38.7% | 115.6% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -3.3 | -0.6 | 3.2 | 6.5 | 10.2 | 11 | 8.9 | 2.5 | -2.2 | 4 | 7.7 | |
| Op. Profit Mgn % ⓘ | 7.5 | 10 | 6.4 | 9.8 | 10.7 | 10.8 | 10.3 | 8.1 | 6 | 8.5 | 9.6 | |
| Net Profit Mgn % ⓘ | -0.8 | -0.1 | 1 | 3 | 4.6 | 4.7 | 3.6 | 1.1 | -0.9 | 1.3 | 2.2 | |
| Debt to Equity ⓘ | 1.5 | 1 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 | 0.9 | 0.9 | 0.5 | |
| Working Cap Days ⓘ | 108 | 104 | 104 | 139 | 147 | 147 | 150 | 165 | 182 | 163 | 114 | |
| Cash Conv. Cycle ⓘ | 36 | 24 | 23 | 39 | 44 | 49 | 54 | 54 | 57 | 43 | 0 | |
Return on Equity has increased versus last 3 years average to 7.70%
Sales growth is growing at healthy rate in last 3 years 10.12%
Debt to equity has declined versus last 3 years average to 0.90
Sales growth is good in last 4 quarters at 24.93%
Net Profit has been subdued in last 3 years -22.44%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | 3.8 |
| TTM Sales (₹ Cr.) | 1,873 | 2,302 |
| BVPS (₹.) ⓘ | 46.9 | 51 |
| Reserves (₹ Cr.) ⓘ | 620 | 676 |
| P/BV ⓘ | 1.88 | 1.72 |
| PE ⓘ | 28.18 | 23.30 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 33.50 / 95.50 |
| All Time Low / High (₹) | 2.00 / 114.40 |
| Market Cap (₹ Cr.) | 1,188 |
| Equity (₹ Cr.) | 13.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 40.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Rico Auto Industries, incorporated in 1984-85, is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe. Its consolidated group total turnover is over $285 million (Rs 1100 crore).
Rico’s integrated services include design, development, tooling, casting, machining and assembly across ferrous and aluminum products.
Rico Auto is a dynamic world-class engineering company, supplying a broad range of high precision fully machined ferrous and aluminium components and assemblies to automotive OEMs globally. The company enjoys an excellent reputation for our customer focus, quality and cost-competitiveness. Its engineering excellence, advanced design and development capabilities, strong customer relationships and proven scalability, have helped it become a preferred supplier to OEMs across the globe.
Today it has earned a reputation of being a reliable high quality supplier capable of supplying global volumes and also of an integrated and innovative development partner capable of developing complex products. It is increasingly positioning itself as a strategic design development partner which helps it with early sourcing opportunities. It has achieved critical mass now and estimate that it would continue to grow its export at a fast pace in the next few years.
Milestones:
Product range of the company includes:
Oil Pump Assembly, Fuel System Parts, Lube Oil Filters Heads, Exhaust Manifolds, Turbine Housings, Center Housings, Back Plates, Crank Cases & Covers, Cylinder Head Covers, Oil Pan, Intake Manifold Covers, Front Cover, Valve Cove, Side Cover, Balance Shafts Assembly, Gear Housing, Bearing Caps,Water, Air Connections and Pressure Plates, Flywheels, Timing Cases, Oil Filter Adaptor, Engine Brackets, Cylinder Block (Ferrous), Cylinder Head (Aluminum), Clutch Assembly, Automatic Transmission Bracket Assembly, Differential Case Housings, Gear Shifts Forks, Wheel Hubs Assembly, SetsBrake Panel Assembly, SetsBrake Discs, Drums and Steering Knuckles.
Clientele:
The long list of company’s clients include, Hero Honda, Honda, Suzuki, Bajaj, Volvo, Jaguar, Tata, Perkins, Honeywell etc.
Different divisions of the company:
Subsidiaries/ Joint Ventures:
Achievements/ recognition:-
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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