Rajoo Engineers Ltd - Stock Valuation and Financial Performance

BSE: 522257 | NSE: | Engineering - Industrial Equipments | Small Cap

Rajoo Engineers Share Price

271 -7.95 -2.85%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on Rajoo Engineers

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Rajoo Engineers stock performance -

mw4me loader
P/E Ratio (SA):
84.08
Market Cap:
1,656.9 Cr.
52-wk low:
41
52-wk high:
298

Is Rajoo Engineers Ltd an attractive stock to invest in?

1. Is Rajoo Engineers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rajoo Engineers Ltd is a average quality company.

2. Is Rajoo Engineers Ltd undervalued or overvalued?

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

3. Is Rajoo Engineers Ltd a good buy now?

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

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.
Rajoo Engineers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.2%15.6%12.2%14.8%20.6%11.9%3.7%14.1%16.6%9.6%-
Value Creation
Index
-0.30.1-0.10.10.5-0.2-0.70.00.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10111710711114512293.5152172160197
Sales YoY Gr.-15.6%-8.6%4.2%30.5%-15.8%-23.7%62.8%13%-7.2%-
Adj EPS 0.60.90.81.121.30.21.72.31.53.2
YoY Gr.-50%-10%33.3%83.3%-34.9%-81.4%604.2%38.5%-35.9%-
BVPS (₹) 5.35.96.37.59.810.71112.815.316.719.4
Adj Net
Profit
3.55.24.76.312.27.91.510.414.49.320
Cash Flow from Ops. 13.72.317.18.514.3-9.422.415.521.619.1-
Debt/CF from Ops. 01.90.40.81-20.40.200.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.2%1.9%19.6%-7.2%
Adj EPS 10.7%-5.4%84.2%-35.9%
BVPS13.6%11.2%14.9%9.2%
Share Price 41.3% 70.7% 111.7% 503%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.216.113.315.723.512.62.214.316.79.417.8
Op. Profit
Mgn %
7.599.211.114.511.67.812.312.28.813.5
Net Profit
Mgn %
3.44.54.45.68.46.51.66.88.45.810
Debt to
Equity
00.10.20.20.30.30.10000
Working Cap
Days
149128136160185237311199160170143
Cash Conv.
Cycle
61423434599214790799860

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.70%

Sales growth is growing at healthy rate in last 3 years 19.55%

Net Profit is growing at healthy rate in last 3 years 84.20%

Sales growth is good in last 4 quarters at 42.58%

No data to display

Latest Financials - Rajoo Engineers Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 3.4
TTM Sales (₹ Cr.) 197 197
BVPS (₹.) 19.4 20.6
Reserves (₹ Cr.) 113 121
P/BV 13.88 13.08
PE 84.08 78.87
From the Market
52 Week Low / High (₹) 41.00 / 298.00
All Time Low / High (₹) 0.38 / 298.00
Market Cap (₹ Cr.) 1,657
Equity (₹ Cr.) 6.2
Face Value (₹) 1
Industry PE 67.5

Management X-Ray of Rajoo Engineers:

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 Rajoo Engineers

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
Sales10111710711114512294152172160
Operating Expenses 94106979912410886134151146
Manufacturing Costs810981298111213
Material Costs707970658472529310599
Employee Cost 67911141212141718
Other Costs 991015151414161716
Operating Profit 811101221147192114
Operating Profit Margin (%) 7.5%9.0%9.1%11.1%14.4%11.6%7.8%12.3%12.2%8.8%
Other Income 0001110133
Interest 1001122100
Depreciation 2332344333
Exceptional Items 0000000000
Profit Before Tax 587101892152013
Tax 2324610453
Profit After Tax 35561281101510
PAT Margin (%) 3.4%4.5%4.3%5.6%8.3%6.4%1.6%6.8%8.6%6.3%
Adjusted EPS (₹)0.60.90.81.12.01.30.21.72.41.6
Dividend Payout Ratio (%)34%28%32%23%13%8%0%0%10%22%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 313437436066687994102
Share Capital 6666666666
Reserves 25283138546061728896
Minority Interest0000000000
Debt047714176102
Long Term Debt0000474100
Short Term Debt047710102102
Trade Payables18151624272030232020
Others Liabilities 26211831482437433450
Total Liabilities 747478105149127141146148174

Fixed Assets

Gross Block34363649707374747576
Accumulated Depreciation13161821232630333740
Net Fixed Assets20201829474743413836
CWIP 0261212233
Investments 673222221311
Inventories23161224554161555357
Trade Receivables101913243161211517
Cash Equivalents 318914210192544
Others Assets1110171525191216117
Total Assets 747478105149127141146148174

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 14217814-922152219
PBT 587101892152013
Adjustment 3333356458
Changes in Working Capital 7-510-2-4-2017102
Tax Paid -1-2-3-3-3-4-2-4-4-5
Cash Flow From Investing Activity -7-4-6-7-307-6-10-12-13
Capex -6-4-6-8-22-30-1-20
Net Investments -1001000-23-10-12
Others 0000-810-6140-2
Cash Flow From Financing Activity -40-4-111-1-13-6-3-2
Net Proceeds from Shares 0000700000
Net Proceeds from Borrowing -400043-3-3-10
Interest Paid 000-1-1-2-2-100
Dividend Paid 00-30-2-2000-2
Others 000040-9-1-20
Net Cash Flow 2-281-4-33073
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.1716.2112.9315.6523.3212.52.214.2317.1610.21
ROCE (%)15.2523.118.2122.9330.6614.424.5920.1522.9913.45
Asset Turnover Ratio1.61.711.521.311.150.890.71.061.170.99
PAT to CFO Conversion(x)4.670.43.41.331.17-1.13221.51.471.9
Working Capital Days
Receivable Days29415056342954281724
Inventory Days91564455100143198138114125
Payable Days7975801111091171761047473

Rajoo Engineers Ltd Stock News

Rajoo Engineers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rajoo Engineers on 14-Jun-2024 16:01 is ₹271.0.
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 14-Jun-2024 16:01 the market cap of Rajoo Engineers stood at ₹1,656.9.
The latest P/E ratio of Rajoo Engineers as of 14-Jun-2024 16:01 is 84.08.
The latest P/B ratio of Rajoo Engineers as of 14-Jun-2024 16:01 is 13.88.
The 52-week high of Rajoo Engineers is ₹298.0 and the 52-week low is ₹41.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rajoo Engineers is ₹197.3 ( Cr.) .

About Rajoo Engineers Ltd

Rajoo Engineers, having made a modest beginning in 1986, has emerged as an undisputed global player in blown film and sheet extrusion lines. Inspired by a unique blend of spiritual professionalism and technological prowess, the company has become major supplier of world class machines at affordable prices.

The company entered into development of various extrusion systems and delivered its first PPTQ film plant in 1988. And since then, never looked back, continuing to add one after the another extrusion line into its product range consistently.

The company made an initial public offering in 1994 and received an overwhelming response from the capital market culminating in over-subscription by about 24 times, which by itself is a record in the Asian Plastic Machinery Manufacturing Industry.

It is a fact that none of their customers have ever gone sick. It is also a fact that all the customers when expanding or diversifying, have repeatedly ordered for their machines which is an ample proof of customer satisfaction. Repeat orders contribute to more than 60% of company's sales.

The company enjoys the largest market share of blown film lines, sheet lines and thermoformers on the Indian sub-continent. Leadership amongst the Asian manufacturers of such equipments is undisputedly established.

The exports constitute over 60% of its total sales. The company now enjoys successful and satisfied customer base across the globe. CE compliant machines have been sold into Germany and also to U.K. and U.S.A., a major break-through, supplying to the very source of such machines.

The company's machines also operate from as far as in, Colombia, Ecuador and Mexico in Latin America, Kenya, Tanzania, Sudan and Uganda in East Africa, Ghana and Nigeria in West Africa, Angola, Lesotho, Namibia and Zambia in South Africa, Iran, Kuwait, and U.A.E. in the Gulf. Closer home, the company has witnessed growth of satisfied customers in Bangladesh, Japan, Malaysia, Nepal, Pakistan, Papua New Guinea, Russia, Sri Lanka, Thailand and Vietnam.

Product range of the company includes:

The company is engaged in the design and manufacture of an impressive range of blown film lines, sheet lines and thermo formers:

  • Monolayer Blown Film Lines
  • Multilayer Blown Film Lines
  • Downward Extrusion Blown Film Lines
  • Foam Extrusion Lines
  • Mono & Multilayer Sheet Lines
  • Thermoforming Machine

Milestones

  • 1986  Commenced business as Rajoo Engineers at Manavadar, a small village in Junagadh district to manufacture cutting-sealing machines. 
  • 1988  Ventured into the manufacture of blown film lines and delivered first PPTQ blown film line. 
  • 1990  Made an entry into the International market with maiden export of a blown film line to Tanzania.
  • 1990  Launched the first ever blown film line to manufacture chemically foamed PE films and displayed the line at Plastindia 1990. 
  • 1991  Introduced the first Indian co-extrusion feed block for multilayer sheet line and today command the largest market share of sheet extrusion lines in India. 
  • 1994  Begun operations at Rajkot. Entered into a technical collaboration with a British company. Went public and the issue was over-subscribed by nearly 24 times.
  • 1994  Introduced the first ever indigenously designed and developed Oscillating Haul-off System for blown film lines and displayed at Plastindia 1994.
  • 1995  Introduced the first indigenously designed extruder incorporating grooved feed bush, barrier screw and cross-hole mixing section.
  • 1995  Introduced the first indigenously designed wide width blown film line for a lay-flat width of 3000 mm.
  • 1996  Exported country’s first “CE” marked machine to the most demanding European market and since regularly exporting to Europe.
  • 1997  Introduced an Internal Bubble Cooling System for blown film lines and displayed at Plastindia 1997. 
  • 1999  Secured ISO 9001 certification and further improved the quality management systems. The company has now graduated to ISO 9001:2000.
  • 2000  Introduced stack type Universal Co-Extrusion Die christened UCD® in Asia. The die was displayed on a five layer co-extrusion blown film line at Plastindia2000.
  • 2000  Launched the first ever sheet line for PET at Plastindia 2000, which received overwhelming response from India and abroad. 
  • 2001  Introduced world’s highest output TQPP downward extrusion blown film line at Plastivision 2002, christened Aquaflex. 
  • 2002  Introduced India's first Electro-hydro-pneumatic plug-assist thermoformer with in-mould cutting for Polypropylene & PS containers.
  • 2003  Introduced world’s first two layer TQPP downward extrusion blown film line displayed at Plastindia 2003. The line is an alternative to produce lower end BOPP films for lamination. This line was also displayed at K-2004.
  • 2003  Awarded Export Excellence Certificate from Engineering Export Promotion Council of India in recognition of highest exports during the year.
  • 2004  Received Gujarat Gaurav Award for its outstanding contributions to the plastic industry.
  • 2004  Became a Star Export House recognized by Government of India for excellent exports. 
  • 2004  Developed and supplied first sheet line for physically foamed PE sheets using carbon dioxide as blowing agent.
  • 2004  Developed a CE compliant high output sheet line for processing PET regrind at the rate of 700 kg/hr and exported the same to Germany.
  • 2005  Developed Asia's first seven layer blown film die and exported to Colombia.
  • 2005  Developed Asia's first resin sack blown film line and exported to Iran.
  • 2006  Developed Asia’s first seven layer blown film line incorporating conical spiral stack (INCOSS)® die and displayed at Plastindia 2006.
  • 2006  Developed Asia’s first three layer blown film line incorporating fully automatic touch screen control and 2100 mm roll width oscillating haul-off and fully automatic center-surface-gap winder exported to Gulf.
  • 2006  Developed Asia’s first three layer wide width blown film line incorporating die dia 1200 mm and 4000 mm LFW. The maximum output is 1000 kg/hr.
  • 2007  Entered into technical collaboration with Commodore Inc. USA for manufacture of XPS sheet line and thermoformar.
  • 2008  Entered into technical collaboration with Techno Coating Engineering, Italy for manufacture of Cast film lines.

Achievements/ recognition:

  •  An ISO 9001:2000 certified company
  • 2010 - Vacuum forming machine with mould: model RECR - 7086 XPS received an award in "Machinery for packing operations" from IPMMI - IMDIR 2009
  • 2011 - Recognition of excellence for "Three Layer Lab-Line - LabEX Machine" in the category of "Machinery for Package Conversion" Presented at Mumbai on 23rd March 2012
  • 2013 - Lifetime Achievement Award
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