Rajendra Electrical Industries (REIL) is part of the REMI Group and is engaged in manufacturing all types electric and geared motors, with well over 1.5 million motors approved in the market.In 1970, the promoters of Rajendra Electrical Industries went to Germany and obtained a license from...

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 7.43%5.83%8.22%6.64%10.47%6.05%2.2%6.25%7.19%5.84%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 69.665.710585.8115100106104110105
Y-o-Y Gr. Rt.--5.6%60.3%-18.6%34.2%-13%5.7%-1.7%5.8%-4.5%
Adjusted EPS (Rs.) 5.725.1911.529.0716.128.69-0.0210.613.911.6
Y-o-Y Gr. Rt.--9.3%122%-21.3%77.7%-46.1%-100.2%NA31.1%-16.6%
Book Value per Share (Rs.) 38.3143.5255.0764.1278.6481.3482.7393.44188.61200.72
Adjusted Net Profit 2.82.55.64.47.84.205.26.85.6
Net Op. Cash Flow (Rs. Cr.) -8.10.29.42.39.1-1.82449.48.16.2
Debt to Cash Flow from Ops -2.93152.793.5414.913.03-19.540.740.380.580.8
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.
Remi Elektrotechnik Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.7%-1.8%-0.2%-4.5%
Adjusted EPS 8.2%-6.4%NA-16.6%
Book Value per Share 20.220.634.46.4
Share Price -1.4% -4.8% 3.3% 10.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.594.38.946.5210.685.45-0.016.327.695.96
Operating Profit Margin (%) 9.9212.2611.5511.6914.9411.524.847.9710.388.3
Net Profit Margin (%) 43.845.325.156.824.23-0.014.966.145.37
Debt to Equity 1.271.341.241.090.720.90.440.410.050.05
Working Capital Days 259449302367308374355282190205
Cash Conversion Cycle 170362249301253312299228148162
Entity Percentage Holding
Promoters 74.85%
Non-Institutions 25.15%
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 Remi Elektrotechnik Ltd's performance infers:

Remi Elektrotechnik Ltd earnings have declined by -6.4%, whereas share price has depreciated -4.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

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

Remi Elektrotechnik Ltd share price has depreciated -0.8% annually over the past ten years.

Rajendra Electrical Industries (REIL) is part of the REMI Group and is engaged in manufacturing all types electric and geared motors, with well over 1.5 million motors approved in the market.

In 1970, the promoters of Rajendra Electrical Industries went to Germany and obtained a license from ‘VEM Kombinat Electromaschinenbau’ to manufacture single-phase, three-phase and flame-proof motors. A few years later, the company extended its relationship with the foreign collaborator

Rajendra Electrical Industries (REIL) is part of the REMI Group and is engaged in manufacturing all types electric and geared motors, with well over 1.5 million motors approved in the market.

In 1970, the promoters of Rajendra Electrical Industries went to Germany and obtained a license from ‘VEM Kombinat Electromaschinenbau’ to manufacture single-phase, three-phase and flame-proof motors. A few years later, the company extended its relationship with the foreign collaborator by introducing a geared motor range manufactured in India.

As time progressed and in order to expand its product range, the company collaborated with another German entity called ‘Stephan-Werke GmbH’. With these collaborations, extensive production has been going on over the years.

Many of the models have developed and engineered to be more efficient at a lower price by the company’s in-house research and development team.

In early 2007, to cope with overwhelming demand for its products, which could not be met due to space constraints, the company’s factory was relocated in Vasai, on the outskirts of Mumbai. REIL’s plan is to increase production of electric motors by 100%, and for its other motors (geared and flame-proof) by over 150%.

Milestones

  • 1970 - Rajendra Electrical Industries became a licensee of VEM Kombinat Electromaschinenbau, Germany. The company developed standard 3-phase motors, flame-proof motors and single-phase motors.
  • 1975 - The company received CMRS approval for flame-proof motors.
  • 1976 - It introduced helical geared motors under licensee of ‘VEM’. Further, it also received DGMS approval for flame-proof motors.
  • 1988 - Rajendra Electrical Industries became licensee of ‘Stephan-Werke GmbH’ for helical geared motors.
  • 1998 - The company bagged ISO Approval.
  • 2007 - The company shifted to new premises in Vasai for expansion
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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