Revathi Equipment Ltd Stock Analysis

BSE: 505368 | NSE: REVATHI | Engineering - Industrial Equipments | Small Cap

BSE Share Price Jan 25, 18:01
769.80 -0.75 (-0.10%)

DeciZen - Make an Informed Decision on Revathi Equipments

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity See How?

1. Quality

2. Valuation

Somewhat overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

1. Is Revathi Equipment Ltd a good quality company?

Data is not available for this company.

2. Is Revathi Equipment Ltd undervalued or overvalued?

The key valuation ratios of Revathi Equipment Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Revathi Equipment Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Revathi Equipment 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 Revathi Equipments:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 3.2%1.7%-3.7%4.3%11.6%10%-1.8%6.5%6.8%6.9%-
Value Creation Index -0.8-0.9-1.3-0.7-0.2-0.3-1.1-0.5-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 12610976.576.514011845.575.47584.797
YoY Gr. Rt. %--13.6%-29.8%0%83.3%-15.7%-61.5%65.7%-0.5%12.9%-
Adj EPS -1.2-15.8-52.1153.848.3-19.230.735.738.235.1
YoY Gr. Rt. %-NANANA5119.4%-10.2%-139.9%NA16.1%7%-
BVPS (₹) 463.5457.2388.1383.3459.4506.4487.5517.9557.7595.7608.8
Adj Net Profit -0.4-4.8-160.316.514.8-5.99.41111.711
Cash Flow from Ops. -1421.16.69.3-23.4638.818.89.31.2-
Debt/CF from Ops. -6.63.811.47.3-3.60.5301.827.6-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -4.3%-9.6%23%12.9%
Adj EPS NA-6.6%NA7%
BVPS 2.85.36.96.8
Share Price 8.5% 2.2% 26.4% 28.3%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -0.3-3.4-12.30.312.810-3.96.16.66.65.8
Op. Profit Mgn % 8.36.3-3.813.41919.110.415.622.422.617.3
Net Profit Mgn % -0.3-4.4-20.90.411.812.5-1312.514.613.811.1
Debt to Equity 0.70.60.60.60.60.20.200.10.20
Working Cap Days 362415461405258296582267277377281
Cash Conv. Cycle 18521926523917218434617415616967

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.02%

Sales growth is good in last 4 quarters at 53.69%

Return on Equity has declined versus last 3 years average to 5.80%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Revathi Equipment Ltd.

Standalone Consolidated
TTM EPS (₹) 35.1 22.5
TTM Sales (₹ Cr.) 97.2 168
BVPS (₹.) 608.8 610.7
Reserves (₹ Cr.) 184 184
P/BV 1.26 1.22
PE 21.95 33.17
From the Market
52 Week Low / High (₹) 455.50 / 957.00
All Time Low / High (₹) 10.00 / 1684.35
Market Cap (₹ Cr.) 236
Equity (₹ Cr.) 3.1
Face Value (₹) 10
Industry PE 29.8

Management X-Ray of Revathi Equipments :

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

Analyst's Notes

News

About Revathi Equipment Ltd

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
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