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Rasi Electrodes Ltd Stock Analysis

Small Cap
Evaluated by 141 users | BSE: 531233 | NSE: |
Electrodes & Welding Equipment
Rasi Electrodes Ltd came into being in the year 1994 and started commercial production for MMAW/SMAW electrodes in end of December 1994, under the brand name of Rasi. With well equipped plant & machineries, Laboratory and qualified cum experienced staff to produce Quality Products.The...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 15.46%14.71%9.34%6.14%6.15%5.35%4.64%5.32%5.4%3.49%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 21.124.923.120.623.323.126.834.247.446
Y-o-Y Gr. Rt.-18.2%-7.3%-10.7%12.8%-0.9%16.3%27.6%38.5%-3.1%
Adjusted EPS (Rs.) 0.590.630.380.220.290.330.270.290.330.2
Y-o-Y Gr. Rt.-6.8%-39.7%-42.1%31.8%13.8%-18.2%7.4%13.8%-39.4%
Book Value per Share (Rs.) 3.464.174.444.785.976.636.757.027.337.48
Adjusted Net Profit 1.41.50.90.60.910.90.910.6
Net Op. Cash Flow (Rs. Cr.) 0.711.43-3.30-0.5-0.31.54.4
Debt to Cash Flow from Ops 5.24.763.691.39-0.98333.8-8.92-22.083.680.56
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Rasi Electrodes Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.1%14.6%19.6%-3.1%
Adjusted EPS -11.3%-7.2%-9.5%-39.4%
Book Value per Share 8.94.63.52.1
Share Price -3.1% -29.4% -20.7% 10.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 18.1316.58.714.835.635.154.084.234.622.69
Operating Profit Margin (%) 12.2111.39.847.328.469.517.854.75.763.07
Net Profit Margin (%) 6.626.013.942.73.854.513.172.652.171.35
Debt to Equity 0.470.480.480.350.170.260.210.250.250.11
Working Capital Days 161162189191191240254223172172
Cash Conversion Cycle 120119140140121144161143113121
Entity Percentage Holding
Promoters 27.96%
Non-Institutions 72.04%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Rasi Electrodes Ltd's performance infers:

Rasi Electrodes Ltd earnings have declined by -7.2%, whereas share price has depreciated -29.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Rasi Electrodes Ltd share prices over the last 10 years. Here is what we found out:

Rasi Electrodes Ltd share price has depreciated -3.4% annually over the past ten years.

Rasi Electrodes Ltd came into being in the year 1994 and started commercial production for MMAW/SMAW electrodes in end of December 1994, under the brand name of Rasi. With well equipped plant & machineries, Laboratory and qualified cum experienced staff to produce Quality Products.

The company was incorporated for manufacturing of MMAW electrodes & marketing of welding consumables under the brand name of Rasi with well equipped plant & machineries, Laboratory and qualified cum

Rasi Electrodes Ltd came into being in the year 1994 and started commercial production for MMAW/SMAW electrodes in end of December 1994, under the brand name of Rasi. With well equipped plant & machineries, Laboratory and qualified cum experienced staff to produce Quality Products.

The company was incorporated for manufacturing of MMAW electrodes & marketing of welding consumables under the brand name of Rasi with well equipped plant & machineries, Laboratory and qualified cum experienced staff to produce Quality Products.

From the beginning the company has strived to offer its customers quality in its products, such as Mild Steel, Low Hydrogen, Hard Facing, Stainless Steel, Cast Iron, Cutting and Gouging electrodes and Low Heat Input Welding Alloys (Repair and Maintenance Electrodes)

The electrodes manufacturing, testing machinery and equipments are procured keeping in mind their capability to produce stringent quality products of desired quality meeting not only national and international standards but also meeting specific customer quality requirements.

Their technical service staff helps the customers in studying the welding applications, selection of appropriate electrodes and the procedures, training of welding personal with the aim of achieving customer satisfaction.

They offer a complete range of welding Solutions.

Product range of the company includes:

Conventional

  • Mild Steel
  • Pipe Welding
  • Low Hydrogen
  • Stainless Steel
  • Cast Iron
  • Hard Facing
  • Cutting & Gouging

Low Heat Input Welding Alloys

  • For Steels
  • For Disimilar Steels
  • For Cast Iron
  • For Stainless Steels
  • For Copper & Non Ferrous Alloys
  • For Nickel & Nickel Alloys
  • For HardSurfacing & Wear Resistant
  • For Cutting & Gouging

CCMS Wires

MIG/TIG Wires

Flux Cored Wires

SAW Wires & Flux

Welding Rectifier

Welding Transformer

Silver Brazing Wires

MIG/MAG Machines

Achievements/ recognition:

Certification:

  • Det Norske Veritas Management System Certificate.ISO 9001:2000
  • Det Norske Veritas Type Approval Certificate.
  • BHEL - Bharat Heavy Electricals Limited – Trichy.
  • Directorate General of Quality Assurance Controllerate of Quality Assurance (Metals)
  • Indian Register of Shipping.
  • Bureau Veritas.
  • Engineers India Limited.
  • IBR.
  • DGS&D.
  • Bureau of Indian Standrds (ISI).
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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