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Revathi Equipment Ltd. Stock Analysis

Small Cap
Evaluated by 179 users | BSE: 505368 | NSE: REVATHI |
Engineering - Industrial Equipments
Revathi Equipment was incorporated as a private company on May 30,1977 under the name of Revathi Equipment Private Ltd and started its manufacturing operations at its present location at Coimbatore, Tamil Nadu. Subsequently, the company was converted into a public limited company on November...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 6.14%3.18%3.17%1.65%-3.67%4.25%11.63%9.99%-1.77%6.47%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 11411312610976.576.514011845.575.6
Y-o-Y Gr. Rt.--0.2%11.3%-13.6%-29.8%0%83.3%-15.7%-61.5%66%
Adjusted EPS (Rs.) 22.493.73-1.24-15.76-52.111.0353.7648.26-19.2330.74
Y-o-Y Gr. Rt.--83.4%-133.2%NANANA5119.4%-10.2%-139.9%NA
Book Value per Share (Rs.) 428.29464.89463.48457.22388.12383.28459.39506.36487.47517.85
Adjusted Net Profit 6.91.2-0.4-4.8-160.316.514.8-5.99.4
Net Op. Cash Flow (Rs. Cr.) 17.77.6-1421.16.69.3-23.4638.818.6
Debt to Cash Flow from Ops 4.58.41-6.593.8111.367.27-3.60.492.980.01
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.
Revathi Equipment Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -4.4%-0.3%-18.6%66%
Adjusted EPS 3.5%NA-17%NA
Book Value per Share 2.15.94.16.2
Share Price 2.3% -8.6% -11.2% 10.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 5.450.83-0.27-3.42-12.310.2712.769.99-3.876.12
Operating Profit Margin (%) 15.326.938.276.31-3.7913.4318.9519.0810.4415.56
Net Profit Margin (%) 6.071.01-0.3-4.43-20.890.4111.7512.51-12.9512.48
Debt to Equity 0.610.450.650.570.630.570.60.20.180
Working Capital Days 318337362415461405258296582267
Cash Conversion Cycle 202196185219265239172184346174
Entity Percentage Holding
Promoters 72.58%
Non-Institutions 27.42%
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 Revathi Equipments's performance infers:

Revathi Equipments earnings have grown by 0%, whereas share price has depreciated -8.6% 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 Revathi Equipments share prices over the last 10 years. Here is what we found out:

Revathi Equipments share price has depreciated -3.5% annually over the past ten years.

Revathi Equipment was incorporated as a private company on May 30,1977 under the name of Revathi Equipment Private Ltd and started its manufacturing operations at its present location at Coimbatore, Tamil Nadu. Subsequently, the company was converted into a public limited company on November 4, 1977 and entered into a technical and financial tie-up with world renowned Chicago Pneumatic Tool Company (CP), USA for the manufacture of water well rigs, blast hole rigs, drilling accessories and

Revathi Equipment was incorporated as a private company on May 30,1977 under the name of Revathi Equipment Private Ltd and started its manufacturing operations at its present location at Coimbatore, Tamil Nadu. Subsequently, the company was converted into a public limited company on November 4, 1977 and entered into a technical and financial tie-up with world renowned Chicago Pneumatic Tool Company (CP), USA for the manufacture of water well rigs, blast hole rigs, drilling accessories and allied products. Revathi equipments is now a part of the Renaissance Group.

Accordingly, the name of the company was changed to Revathi-CP Equipment Ltd. CP was holding 40% of the paid-up share capital of Revathi and Revathi became a division under the Industrial Tools Division of CP, USA. The balance 60% of the paid-up share capital was with the Indian public and various financial institutions. 

In the mid 80s, CP was acquired by another world renowned European giant Atlas Copco, Sweden. Thus by virtue of such an acquisition, Revathi became a group company of Atlas Copco, Sweden.

In the year 2001, the name of the company was changed from Revathi-CP Equipment to Revathi Equipment.

In the year 2002, Atlas Copco India Ltd and Chicago Pneumatic Tool Company, USA sold their 40% paid-up share capital in Revathi Equipment to Utkal Investments Ltd, New Delhi, which is a part of Renaissance Group headed by A H Dalmia. Thereafter, pursuant to SEBI's Takeover Code, the Group acquired another 20% from the public shareholders to take their stake to 60%.

Revathi Equipment (REL) is registered with BSE, NSE and Coimbatore stock exchanges.

In 2010 the Company has acquired 20% in the equity capital of Satellier Holdings Inc, USA.

Product range of the company includes:

Drilling Equipments

  • Mining
  • Constructing
  • Water Well
  • Exploratory

Concreting Equipment

  • Concrete mixing plant
  • Transit Mixer
  • Concrete Pump

Achievements/ recognition:

The company is ISO 9001 : 2000 certified.

Clientele

Coal Mining

  • Coal India and it's Subsidiaries
  • Tata Iron and Steel Company Ltd (TISCO)
  •  Singareni Collieries Co Ltd

Water Well Drilling

  • Central Ground Water Board 
  • Ground Water Department of various state governments

Limestone Mining

  • Gujarat Ambuja Cement
  • Rajashree Cement
  • Zuari Cement

Exports

  • Bucyrus International Inc., USA
  • Sullivan Palatek Inc, USA
  • Globe Compressors, Australia
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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