Rico Auto Industries Ltd Stock Analysis

BSE: 520008 | NSE: RICOAUTO | Auto Ancillary | Small Cap

BSE Share Price 25-Nov-2022 18:01
60.95 3.95 (6.93%)

DeciZen - Make an Informed Decision on Rico Auto Inds

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Rico Auto Inds Price Chart

P/E Ratio (CD) :
23.35
Market Cap :
824.6 Cr.
52-wk low :
31.2
52-wk high :
64.6
Bole Toh?

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 Semi Strong which suggest that the price of Rico Auto Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Rico Auto Inds:

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.
Rico Auto Industries 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
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

Sales 1,5061,4801,3461,0071,0381,2091,3931,4011,4701,8602,143
YoY Gr. Rt. %--1.7%-9%-25.2%3.1%16.5%15.2%0.6%4.9%26.5%-
Adj EPS -0.8-0.20.92.23.74.43.91.1-11.82.6
YoY Gr. Rt. %-NANA136.2%68.5%17.9%-12%-70.6%-186.8%NA-
BVPS (₹) 25.425.833.334.838.741.645.545.944.846.847.9
Adj Net Profit -11.3-2.112.730.150.559.752.415.4-13.424.535
Cash Flow from Ops. 213291-20.635.175.285.612811722.7216-
Debt/CF from Ops. 2.31.2-96.53.13.233.623.92.6-

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 73.90.94.6
Share Price 19.5% -8.2% 8% 43.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -3.3-0.63.26.510.2118.92.5-2.245.5
Op. Profit Mgn % 7.5106.49.810.710.810.38.168.58.8
Net Profit Mgn % -0.8-0.1134.64.73.61.1-0.91.31.7
Debt to Equity 1.510.40.50.50.50.60.70.90.90.4
Working Cap Days 108104104139147147150165182163136
Cash Conv. Cycle 362423394449545457430

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.50%

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 19.75%

Net Profit has been subdued in last 3 years -22.44%

Latest Financials - Rico Auto Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 3 2.6
TTM Sales (₹ Cr.) 1,826 2,143
BVPS (₹.) 46.5 47.9
Reserves (₹ Cr.) 615 634
P/BV 1.31 1.27
PE 20.13 23.35
From the Market
52 Week Low / High (₹) 31.20 / 64.60
All Time Low / High (₹) 2.00 / 114.40
Market Cap (₹ Cr.) 825
Equity (₹ Cr.) 13.5
Face Value (₹) 1
Industry PE 36.1

Management X-Ray of Rico Auto Inds :

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Rico Auto Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Rico Auto Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rico Auto Inds on 25-Nov-2022 18:01 is : 60.95.
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 25-Nov-2022 18:01 the market cap of Rico Auto Inds stood at ₹ 824.6.
The latest PE ratio of Rico Auto Inds as of 25-Nov-2022 18:01 is 20.13.
The latest PB ratio of Rico Auto Inds as of 25-Nov-2022 18:01 is 1.31
The 52-week high of Rico Auto Inds is ₹ 64.60 and the 52-week low is ₹ 31.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Rico Auto Inds is ₹ 1,826 ( Cr.) .

About Rico Auto Industries Ltd

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:

  • 1984-86 Rico Auto was incorporated (1984-85) and commercial production started (1986) Aluminum HPDC plant set up in Dharuhera (40 km from Delhi, India) TC with FCC Japan for manufacturing of Clutch Assembly
  • 1990-92 Ferrous Casting & Machining plant set up in Gurgaon (20 km from Delhi, India) Entered International Market as OEM Supplier to MEC Japan.
  • 1994-96 FCC RICO (50:50) JV formed Started supplying globally to USA & UK (Eaton, Cummins, GM, etc.)
  • 1998-00 Second Aluminum HPDC & Machining Plant set up in Gurgaon
  • 2000-02 Set up full service Engineering, Design & Development function. Added Customers: Ford, Jaguar, Land Rover Certified TS 16949, ISO 140001, OHSAS 18001
  • 2002-04 Enhanced Ferrous & Aluminum Capacity Added Customers: Caterpillar, Honeywell, Detroit Diesel, Volvo
  • 2004-06 R&D Center started Added Customers: Nissan, Tata, Perkins
  • 2007JV with CONTINENTAL Automotive Systems (Hydraulic Brakes) JV with JINFEI CHINA (Aluminum Alloy Wheels - 2 Wheelers) Acquired 25 acres land in Chennai.
  • 2010 - New Plant at Haridwar commences production.
  • 2011 - New Plant at Sanand, Gujarat commences production.

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:

  • Aluminum Casting
  • Ferrous Casting
  • Machining & Assembly
  • Engineering & R&D
  • Dies, Patterns & Tooling

Subsidiaries/ Joint Ventures:

  • FCC Rico
  • Continental Rico
  • Rico Jinfei
  • MAGNA Powertrain RICO

Achievements/  recognition:-

  • Rico is a ISO / TS 16949, ISO 14001 and OHSAS 18001 Certified company. 
  • Rico has become FORD Q1 since July 2007
  • Best Retention Strategy-2007
  • Best HR Practices-2007
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now