Rite Zone Chemcon India Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: RITEZONE | Chemicals | Small Cap

BSE Share Price
Not Listed

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Rite Zone Chemcon India stock performance -

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P/E Ratio (SA):
25.18
Market Cap:
20.9 Cr.
52-wk low:
0
52-wk high:
0

Is Rite Zone Chemcon India Ltd an attractive stock to invest in?

1. Is Rite Zone Chemcon India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rite Zone Chemcon India Ltd is a below average quality company.

2. Is Rite Zone Chemcon India Ltd undervalued or overvalued?

The key valuation ratios of Rite Zone Chemcon India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rite Zone Chemcon India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rite Zone Chemcon India 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 Rite Zone Chemcon:

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.
Rite Zone Chemcon India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.7%2.5%6%9%-
Value Creation
Index
-0.3-0.8-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5.83.84.922.522
Sales YoY Gr.--33.9%29.7%355.6%-
Adj EPS 3.50.10.822
YoY Gr.--96.8%590.9%157.9%-
BVPS (₹) 10.310.416.530.930.9
Adj Net
Profit
0.200.20.81
Cash Flow from Ops. -0.31.1-3.6-3.9-
Debt/CF from Ops. -9.43-0.3-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA57.5%355.6%
Adj EPS NANA-17.3%157.9%
BVPSNANA44.4%86.6%
Share Price - - - -35.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
33.81.18.19.26.4
Op. Profit
Mgn %
9.56.92.46.4NAN
Net Profit
Mgn %
3.70.24.73.73.7
Debt to
Equity
4.15.20.20.1-
Working Cap
Days
04564881830
Cash Conv.
Cycle
0156230690

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.30%

Sales growth is growing at healthy rate in last 3 years 57.49%

Net Profit has been subdued in last 3 years -17.34%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Rite Zone Chemcon India Ltd.

Standalone Consolidated
TTM EPS (₹) 2 -
TTM Sales (₹ Cr.) 22.5 -
BVPS (₹.) 30.9 -
Reserves (₹ Cr.) 9 -
P/BV 1.60 -
PE 25.18 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 20.9
Equity (₹ Cr.) 4.2
Face Value (₹) 10
Industry PE 49.3

Management X-Ray of Rite Zone Chemcon:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rite Zone Chemcon

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales5.753.804.9322.46
Operating Expenses 5.203.544.8221.04
Manufacturing Costs0.660.410.290.60
Material Costs3.752.723.8317.72
Employee Cost 0.360.270.280.30
Other Costs 0.430.130.412.41
Operating Profit 0.550.260.121.43
Operating Profit Margin (%) 9.5%6.9%2.4%6.3%
Other Income 00.040.720.03
Interest 0.140.120.100.10
Depreciation 0.210.180.230.26
Exceptional Items -0.08000
Profit Before Tax 0.130.010.501.09
Tax -0.0300.280.26
Profit After Tax 0.160.010.230.83
PAT Margin (%) 2.8%0.2%4.7%3.7%
Adjusted EPS (₹)2.60.10.82.0
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 0.630.635.0213.06
Share Capital 0.010.013.044.23
Reserves 0.620.621.988.83
Minority Interest0000
Debt2.583.291.060.94
Long Term Debt2.413.240.950.81
Short Term Debt0.170.050.110.13
Trade Payables3.312.714.054.39
Others Liabilities 0.070.051.110.81
Total Liabilities 6.586.6911.2419.19

Fixed Assets

Gross Block1.762.692.882.92
Accumulated Depreciation0.390.570.791.05
Net Fixed Assets1.372.132.091.87
CWIP 0000
Investments 0000
Inventories0000.09
Trade Receivables5.094.398.649.56
Cash Equivalents 0.120.160.373.57
Others Assets00.010.144.10
Total Assets 6.586.6911.2419.19

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.271.09-3.62-3.86
PBT 0.130.010.501.09
Adjustment 0.350.300.340.36
Changes in Working Capital -0.70.79-4.3-5.05
Tax Paid -0.05-0.01-0.16-0.27
Cash Flow From Investing Activity 0.32-0.93-0.19-0.04
Capex 0.32-0.93-0.19-0.04
Net Investments 0000
Others 0000
Cash Flow From Financing Activity -0.14-0.124.027.11
Net Proceeds from Shares 004.727.21
Net Proceeds from Borrowing 0000
Interest Paid -0.14-0.12-0.10-0.10
Dividend Paid 0000
Others 00-0.600
Net Cash Flow -0.090.040.213.20
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)25.411.18.139.18
ROCE (%)8.313.5512.1511.85
Asset Turnover Ratio0.870.570.551.48
PAT to CFO Conversion(x)-1.69109-15.74-4.65
Working Capital Days
Receivable Days323456482148
Inventory Days0001
Payable Days32240332287

Rite Zone Chemcon India Ltd Stock News

Rite Zone Chemcon India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rite Zone Chemcon on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Rite Zone Chemcon stood at ₹20.90.
The latest P/E ratio of Rite Zone Chemcon as of 01-Jan-1970 05:30 is 25.18.
The latest P/B ratio of Rite Zone Chemcon as of 01-Jan-1970 05:30 is 1.60.
The 52-week high of Rite Zone Chemcon is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rite Zone Chemcon is ₹22.46 ( Cr.) .

About Rite Zone Chemcon India Ltd

The company was originally incorporated as “Rite Zone Chemicals India Private Limited” on March 10, 2015, as a private limited company under the provisions of the Companies Act, 2013 pursuant to Certificate of Incorporation issued by Registrar of Companies, Maharashtra, Mumbai. Subsequently, the Company pursuant to shareholder’s resolution passed at the Extra-Ordinary General Meeting held on April 7, 2022 changed the name of the Company from “Rite Zone Chemicals India Private Limited” to “Rite Zone Chemcon India Private Limited”. The Company was converted into a Public Limited Company pursuant to special resolution passed by shareholders at the Extra-Ordinary General Meeting of the Company held on May 18, 2022 and the name of the Company was changed to “Rite Zone Chemcon India Limited”. A Fresh Certificate of Incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai, Maharashtra on June 2, 2022.

Incorporated in 2015, the company is ISO 9001:2015 certified company and deal in range of construction chemicals and concrete products. It offers complete construction solution by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well supplying all types of concrete required for construction and infrastructure developments. The construction chemicals are chemical compounds used in construction works. They are used to speed up the process or add more sustainability and strength to the structures. The addition of construction chemicals to various building materials during the construction work improves performance, workability, adds functionality, and protects the basic or customized elements of a structure.

Business area of the company

The company deals in a range of construction chemicals and concrete products. The company’s range of products includes concrete admixture, water proofing systems, concrete lubricator, engineering grouts, industrial flooring, concrete repairs, curing compound & mould release agent, surface treatment, tiling & block products. The company also deals in range of concrete products such as slump concrete, flowable concrete, self-compaction concrete (SCC), Light Weight Concrete, Stamp Concrete, Color Concrete, PQC Concrete, Early Strength Concrete, Reinforce Concrete, Shotcrete Concrete, Precast Concrete, Pile Concrete, Air Entrench Concrete, Prestressed Concrete, High Strength Concrete Etc.

Major Events and Milestone

  • 2015: Incorporation of the Company as private Company.
  • 2019: The company’s annual revenues from operations crossed Rs 5 crore.
  • 2021: Receipt of ISO 9001:2015 certification in respect of manufacturing and marketing of construction chemicals
  • 2022: Takeover of the business of Bhavesh Babulal Bhandari (HUF) in name and style of Maruti Infrachem Solutions.
  • 2022: Conversion of Company from Private Limited Company to Public Limited Company.
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