Retina Paints Ltd - Stock Valuation and Financial Performance

BSE: 543902 | NSE: | Paints | Small Cap

Retina Paints Share Price

78.25 0.20 0.26%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Retina Paints

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Retina Paints stock performance -

mw4me loader
P/E Ratio (SA):
146.61
Market Cap:
109.1 Cr.
52-wk low:
39
52-wk high:
87.5

Is Retina Paints Ltd an attractive stock to invest in?

1. Is Retina Paints Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Retina Paints Ltd is a below average quality company.

2. Is Retina Paints Ltd undervalued or overvalued?

The key valuation ratios of Retina Paints Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Retina Paints Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Retina Paints 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 Retina Paints:

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.
Retina Paints 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 % 4.6%5.3%5.1%4.6%-
Value Creation
Index
-0.7-0.6-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6.86.97.310.912
Sales YoY Gr.-0.9%6%50.5%-
Adj EPS 0.50.30.40.30.5
YoY Gr.--28.3%27.3%-31%-
BVPS (₹) 6.16.46.412.216.9
Adj Net
Profit
0.10.10.20.31
Cash Flow from Ops. -1.5-2.5-0.3-1.3-
Debt/CF from Ops. -2.2-2.5-23.1-3.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA17.2%50.5%
Adj EPS NANA-14.3%-31%
BVPSNANA26.1%90.2%
Share Price - - - 79.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.35.29.44.13.6
Op. Profit
Mgn %
57.487.5NAN
Net Profit
Mgn %
10.72.22.86.3
Debt to
Equity
3.76.62.50.3-
Working Cap
Days
03073602960
Cash Conv.
Cycle
01502191520

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.18%

Debt to equity has declined versus last 3 years average to 0.34

Return on Equity has declined versus last 3 years average to 3.60%

Net Profit has been subdued in last 3 years -14.25%

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

Latest Financials - Retina Paints Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 -
TTM Sales (₹ Cr.) 11.7 -
BVPS (₹.) 16.9 -
Reserves (₹ Cr.) 10 -
P/BV 4.63 -
PE 146.61 -
From the Market
52 Week Low / High (₹) 39.04 / 87.50
All Time Low / High (₹) 28.00 / 87.50
Market Cap (₹ Cr.) 109
Equity (₹ Cr.) 13.9
Face Value (₹) 10
Industry PE 48.4

Management X-Ray of Retina Paints:

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Retina Paints

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales77711
Operating Expenses 66710
Manufacturing Costs0001
Material Costs3446
Employee Cost 1111
Other Costs 2222
Operating Profit 0111
Operating Profit Margin (%) 5.0%7.3%8.0%7.5%
Other Income 0000
Interest 0000
Depreciation 0000
Exceptional Items 0000
Profit Before Tax 0000
Tax 0000
Profit After Tax 0000
PAT Margin (%) 0.7%0.7%2.2%2.7%
Adjusted EPS (₹)0.30.30.40.3
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 11212
Share Capital 11210
Reserves 0012
Minority Interest0000
Debt3664
Long Term Debt2442
Short Term Debt1222
Trade Payables2223
Others Liabilities 1111
Total Liabilities 7101220

Fixed Assets

Gross Block11211
Accumulated Depreciation1111
Net Fixed Assets01210
CWIP 0320
Investments 0000
Inventories2334
Trade Receivables3444
Cash Equivalents 0000
Others Assets1012
Total Assets 7101220

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -1-30-1
PBT 0000
Adjustment 0001
Changes in Working Capital -2-3-1-2
Tax Paid 0000
Cash Flow From Investing Activity 000-6
Capex 000-6
Net Investments 0000
Others 0000
Cash Flow From Financing Activity 2318
Net Proceeds from Shares 10110
Net Proceeds from Borrowing 000-2
Interest Paid 0000
Dividend Paid 0000
Others 1300
Net Cash Flow 0000
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.345.059.484.05
ROCE (%)6.277.997.456.45
Asset Turnover Ratio1.240.910.680.69
PAT to CFO Conversion(x)N/AN/AN/AN/A
Working Capital Days
Receivable Days125158185131
Inventory Days99116147119
Payable Days209195199146

Retina Paints Ltd Stock News

Retina Paints Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Retina Paints on 12-Jul-2024 16:01 is ₹78.25.
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 12-Jul-2024 16:01 the market cap of Retina Paints stood at ₹109.1.
The latest P/E ratio of Retina Paints as of 12-Jul-2024 16:01 is 146.6.
The latest P/B ratio of Retina Paints as of 12-Jul-2024 16:01 is 4.63.
The 52-week high of Retina Paints is ₹87.50 and the 52-week low is ₹39.04.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Retina Paints is ₹11.66 ( Cr.) .

About Retina Paints Ltd

Retina Paints was originally incorporated on November 01, 2010 as a Private Limited Company as ‘Retina Paints Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh. Later in the year 2022, pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on December 05, 2022, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to ‘Retina Paints Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 26, 2022 by the Registrar of Companies, Hyderabad.

Retina Paints Limited established in the year 2010 headquartered at Hyderabad, Telangana. The company is into manufacturing of Decorative Paints like Distempers, Primers, Wall Care Products, Emulsions, etc and further sell them to different Distributors. It sources its raw materials at present indigenously for manufacturing of Paints. Its water based paints are used for residential and for commercial buildings. It has recently introduced tinting machines in the company. The tinting machine comprises a plurality of colorant reservoirs containing colorant, one or more cleaning fluid supply conduits and one or more dispenser heads for dispensing colorant into a paint container.

The company works on B2B Business Model, it sells its products to the dealers and distributors and then they sell to the end customers. It has a huge network of Distributors in the markets of Telangana and Andhra Pradesh and it has also presence in Odisha for selling its product. It is having exposure to the markets of Telangana, Andhra Pradesh and Odissa.

Business area of the company

The company is engaged in the business of manufacturing of paints alkyed based, Epoxy based, polyurethane based, water based, emulsions-based distempers of all types, primers, anti-corrosive primers, and paints for decorative and specially applications. 

Products of the company

  • EXPO Ultimax - Premium exterior emulsion
  • EXPO Exterior Emulsion
  • GLOW Premium - Premium interior emulsion
  • GLOW Interior emulsion
  • X-GEN Cement primer
  • ECO - Exterior cement primer
  • JET Cement primer
  • EYE - Premium washable distemper
  • SPRAY Plasters
  • WALL Care

History and milestones

  • 2010: Incorporation of the company.
  • 2020: Took over Unikon Paints Private Limited via Scheme of Amalgamation.
  • 2020: Acquisition of own land & building.
  • 2020: The company offered a wide range of colours to its customers with colour vision shades and also offered its own colour dispenser to the dealers as well.
  • 2022: Becoming a Public Limited Company from a Private Limited Company.
  • 2023: Moving the entire operations to the own Land & Building. 
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.