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BSE: 530449 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rungta Irrigation Ltd is a below average quality company.
The key valuation ratios of Rungta Irrigation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rungta Irrigation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.7% | 4.4% | 3.6% | 2.9% | 3.9% | 1.9% | 2.4% | 1.4% | 2.5% | 5% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -0.7 | -0.8 | -0.7 | -0.9 | -0.8 | -0.9 | -0.8 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 64 | 63.7 | 64 | 62.6 | 57.6 | 57.7 | 45.1 | 44.5 | 70.3 | 130 | 142 |
| Sales YoY Gr. | - | -0.6% | 0.6% | -2.2% | -8% | 0.3% | -21.8% | -1.5% | 58.1% | 85.2% | - |
| Adj EPS ⓘ | 0.6 | 1.4 | 0.7 | 0.6 | 0.8 | 0.1 | 0.5 | 0.2 | 0.8 | 1.6 | 2.8 |
| YoY Gr. | - | 117.2% | -47.5% | -24.7% | 45.5% | -83.8% | 284.6% | -70% | 446.7% | 91.5% | - |
| BVPS (₹) ⓘ | 35.8 | 37.1 | 37.5 | 39.1 | 40.4 | 40.8 | 41.3 | 42 | 42.8 | 46.3 | 43.1 |
| Adj Net Profit ⓘ | 1 | 2.2 | 1.1 | 0.9 | 1.2 | 0.2 | 0.8 | 0.2 | 1.3 | 3.1 | 6 |
| Cash Flow from Ops. ⓘ | 2.3 | 5 | 1.8 | -10.5 | -5.8 | 2.9 | 2 | -5.9 | -6.1 | 9.1 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 2.3 | 5.4 | -1.8 | -3.3 | 5.3 | 7.1 | -2.8 | -3.9 | 1.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.2% | 17.7% | 42.3% | 85.2% | ||||
| Adj EPS ⓘ | 10.5% | 14.4% | 46.4% | 91.5% | ||||
| BVPSⓘ | 2.9% | 2.8% | 3.9% | 8.3% | ||||
| Share Price | 29.6% | 42.2% | 92.7% | -25% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.8 | 3.8 | 2 | 1.4 | 2 | 0.3 | 1.2 | 0.4 | 2 | 4.4 | 6.2 |
| Op. Profit Mgn % ⓘ | 4.6 | 2.5 | 3.3 | -0.4 | 5.7 | 2 | -6.5 | -0.5 | 3.6 | 4.4 | 5.5 |
| Net Profit Mgn % ⓘ | 1.5 | 3.4 | 1.8 | 1.4 | 2.1 | 0.3 | 1.7 | 0.5 | 1.8 | 2.4 | 3.9 |
| Debt to Equity ⓘ | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 | 0.1 | - |
| Working Cap Days ⓘ | 293 | 323 | 352 | 359 | 429 | 423 | 497 | 510 | 372 | 215 | 98 |
| Cash Conv. Cycle ⓘ | 210 | 203 | 217 | 228 | 254 | 243 | 272 | 302 | 251 | 141 | 66 |
Return on Equity has increased versus last 3 years average to 6.20%
Sales growth is growing at healthy rate in last 3 years 42.32%
Net Profit is growing at healthy rate in last 3 years 46.43%
Sales growth is good in last 4 quarters at 35.98%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.8 | 1.2 |
| TTM Sales (₹ Cr.) | 142 | 62.6 |
| BVPS (₹.) ⓘ | 43.1 | 0 |
| Reserves (₹ Cr.) ⓘ | 66 | 68 |
| P/BV ⓘ | 1.61 | 0.00 |
| PE ⓘ | 25.11 | 59.88 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 45.16 / 93.00 |
| All Time Low / High (₹) | 2.72 / 109.90 |
| Market Cap (₹ Cr.) | 139 |
| Equity (₹ Cr.) | 19.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 50.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64 | 64 | 64 | 63 | 58 | 58 | 45 | 44 | 70 | 130 |
| Operating Expenses ⓘ | 61 | 62 | 62 | 63 | 54 | 57 | 48 | 45 | 68 | 125 |
| Manufacturing Costs | 4 | 4 | 4 | 4 | 3 | 4 | 2 | 3 | 3 | 6 |
| Material Costs | 46 | 47 | 45 | 41 | 36 | 37 | 26 | 26 | 48 | 96 |
| Employee Cost | 4 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 7 | 8 |
| Other Costs ⓘ | 7 | 7 | 9 | 13 | 9 | 10 | 14 | 9 | 9 | 15 |
| Operating Profit ⓘ | 3 | 2 | 2 | 0 | 3 | 1 | -3 | 0 | 3 | 6 |
| Operating Profit Margin (%) | 4.6% | 2.5% | 3.3% | -0.4% | 5.7% | 2.0% | -6.5% | -0.5% | 3.6% | 4.3% |
| Other Income ⓘ | 1 | 4 | 3 | 6 | 5 | 3 | 7 | 4 | 2 | 2 |
| Interest ⓘ | 1 | 1 | 2 | 2 | 3 | 2 | 2 | 1 | 1 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 2 | 2 | 3 | 3 | 1 | 1 | 1 | 2 | 4 |
| Tax ⓘ | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 0 | 1 |
| Profit After Tax | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 |
| PAT Margin (%) | 1.5% | 3.3% | 2.1% | 3.8% | 3.5% | 1.0% | 1.8% | 1.2% | 1.8% | 2.3% |
| Adjusted EPS (₹) | 0.6 | 1.4 | 0.9 | 1.5 | 1.3 | 0.4 | 0.5 | 0.4 | 0.8 | 1.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 55 | 57 | 58 | 60 | 63 | 63 | 64 | 65 | 66 | 77 |
| Share Capital ⓘ | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 17 |
| Reserves ⓘ | 46 | 48 | 49 | 52 | 54 | 54 | 55 | 56 | 57 | 60 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 11 | 11 | 9 | 19 | 18 | 14 | 13 | 15 | 22 | 10 |
| Long Term Debt | 0 | 0 | 0 | 1 | 5 | 3 | 2 | 2 | 1 | 0 |
| Short Term Debt | 11 | 11 | 9 | 18 | 13 | 11 | 10 | 13 | 21 | 10 |
| Trade Payables | 2 | 5 | 2 | 2 | 3 | 3 | 2 | 1 | 1 | 3 |
| Others Liabilities ⓘ | 17 | 26 | 22 | 15 | 12 | 7 | 7 | 10 | 14 | 13 |
| Total Liabilities ⓘ | 86 | 100 | 92 | 96 | 96 | 88 | 86 | 91 | 103 | 103 |
Fixed Assets | ||||||||||
| Gross Block | 30 | 30 | 31 | 13 | 13 | 14 | 13 | 15 | 18 | 22 |
| Accumulated Depreciation | 19 | 21 | 21 | 2 | 3 | 4 | 5 | 6 | 7 | 9 |
| Net Fixed Assetsⓘ | 10 | 9 | 9 | 11 | 10 | 9 | 8 | 9 | 11 | 14 |
| CWIP ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investmentsⓘ | 22 | 21 | 20 | 18 | 14 | 14 | 14 | 14 | 14 | 14 |
| Inventories | 13 | 11 | 12 | 11 | 9 | 10 | 9 | 15 | 19 | 16 |
| Trade Receivables | 25 | 33 | 30 | 30 | 34 | 30 | 25 | 28 | 37 | 33 |
| Cash Equivalents | 2 | 3 | 2 | 2 | 1 | 1 | 5 | 1 | 0 | 0 |
| Others Assetsⓘ | 13 | 23 | 18 | 24 | 26 | 24 | 25 | 22 | 22 | 26 |
| Total Assets ⓘ | 86 | 100 | 92 | 96 | 96 | 88 | 86 | 91 | 103 | 103 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 5 | 2 | -11 | -6 | 3 | 2 | -6 | -6 | 9 |
| PBT ⓘ | 1 | 2 | 2 | 3 | 3 | 1 | 1 | 1 | 2 | 4 |
| Adjustment ⓘ | 1 | 1 | 0 | -1 | 2 | 1 | -3 | -1 | 1 | 2 |
| Changes in Working Capital ⓘ | -0 | 2 | 1 | -12 | -9 | 8 | 4 | -5 | -8 | 5 |
| Tax Paid ⓘ | -1 | 0 | -1 | -1 | -1 | -7 | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -2 | -3 | 1 | 3 | 8 | 2 | 5 | 0 | -1 | -3 |
| Capex | -1 | -1 | 0 | -4 | -1 | 0 | 1 | -3 | -2 | -4 |
| Net Investments | 0 | 1 | 1 | 5 | 5 | 1 | -1 | 0 | 0 | 0 |
| Others ⓘ | -1 | -3 | 1 | 2 | 3 | 2 | 5 | 3 | 2 | 1 |
| Cash Flow From Financing Activityⓘ | -1 | -1 | -3 | 8 | -3 | -5 | -3 | 1 | 6 | -6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 4 | -1 | -1 | 2 | -1 | -1 |
| Interest Paid ⓘ | -1 | -1 | -1 | -2 | -2 | -2 | -1 | -1 | -1 | -2 |
| Dividend Paid ⓘ | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | 0 | -2 | 9 | -5 | -2 | 0 | 0 | 8 | -12 |
| Net Cash Flow ⓘ | 0 | 1 | 0 | 1 | -1 | 0 | 4 | -4 | -1 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.8 | 3.78 | 2.3 | 4.02 | 3.32 | 0.93 | 1.3 | 0.86 | 1.95 | 4.17 |
| ROCE (%) | 3.99 | 5.41 | 5.86 | 6.12 | 6.72 | 3.88 | 3.28 | 3.11 | 3.42 | 6.57 |
| Asset Turnover Ratio | 0.74 | 0.71 | 0.68 | 0.68 | 0.6 | 0.63 | 0.52 | 0.5 | 0.72 | 1.26 |
| PAT to CFO Conversion(x) | 2 | 2.5 | 2 | -5.5 | -3 | 3 | 2 | -6 | -6 | 3 | Working Capital Days |
| Receivable Days | 160 | 160 | 176 | 173 | 205 | 202 | 220 | 216 | 168 | 99 |
| Inventory Days | 67 | 65 | 64 | 67 | 66 | 62 | 76 | 98 | 88 | 49 |
| Payable Days | 22 | 27 | 31 | 18 | 24 | 31 | 39 | 22 | 7 | 8 |
Rungta Irrigation was incorporated on April 17, 1986 as a private limited company. Earlier known as Jindal Irrigation, it became a public limited company with the present name on May 09, 1994 through shareholder resolution.
The manufacturing units of the company are located in the Sirmour district of Himachal Pradesh, Ghaziabad in Uttar Pradesh, and in the Yanam district within the Union Territory of Pondicherry with combined installed capacities of 4,500 MTPA HDPE pipes, 200,000 HDPE pipes with couplers, 5,000 MTPA rigid PVC pipes and profiles, 750 MTPA linear low density polyethylene tubes, and 350,000 aluminum pipes with couplers. The company has established a strong dealership network with branches across the country.
The registered office of the company is situated at 101, Pragati Tower, 26 Rajendra Place, New Delhi-110008.
Products offered by the company
Products such as sprinkler and drip irrigation systems; aluminum, polyvinyl chloride (PVC), and high density polyethylene (HDPE) pipes and fountains are produced.
Business area of the company
The company is engaged mainly in manufacturing, designing, assembling and marketing pipe-based sprinkler irrigation systems.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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