Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 531273 | NSE: | Construction - Real Estate | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Radhe Developers (India) Ltd is a below average quality company.
The key valuation ratios of Radhe Developers (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Radhe Developers (India) 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -3.1% | 11.7% | 3.5% | 3.9% | 0.5% | -5.7% | -9.5% | 68.6% | 2.7% | -4.5% | - |
| Value Creation Index ⓘ | -1.2 | -0.2 | -0.8 | -0.7 | -1.0 | -1.4 | -1.7 | 3.9 | -0.8 | -1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0.3 | 16.6 | 5.5 | 10 | 10.7 | 3.9 | 0.9 | 43.6 | 14.3 | 6.8 | 8 |
| Sales YoY Gr. | - | 5,245.2% | -66.7% | 81% | 6.6% | -63.8% | -76.9% | 4,798.9% | -67.1% | -52.9% | - |
| Adj EPS ⓘ | -0 | 0.1 | 0 | 0 | 0 | -0 | -0.1 | 0.5 | 0.1 | -0.1 | -0 |
| YoY Gr. | - | NA | -66.7% | -50% | -100% | NA | NA | NA | -72% | -164.3% | - |
| BVPS (₹) ⓘ | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 1.1 | 11 | 1 | 1.1 |
| Adj Net Profit ⓘ | -1.2 | 3 | 1 | 0.6 | -0.1 | -1.9 | -2.7 | 25.2 | 0.7 | -4.5 | -2 |
| Cash Flow from Ops. ⓘ | -3.1 | -5 | 2.8 | -2 | 5.3 | -0.1 | 0 | -8.4 | -9.1 | -18.7 | - |
| Debt/CF from Ops. ⓘ | -0.1 | -0.8 | 1.2 | -4.1 | 0 | -8.1 | -24.9 | -1.3 | -2.5 | -2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 40.8% | -8.7% | 96.6% | -52.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | -164.3% | ||||
| BVPSⓘ | 5.5% | 8% | 19.9% | -90.9% | ||||
| Share Price | 8.3% | 30.4% | -38.3% | -45% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -3.7 | 9.1 | 3.1 | 1.9 | -0.2 | -5.8 | -8.9 | 60.3 | 1.3 | -8.6 | -3.8 |
| Op. Profit Mgn % ⓘ | -233.5 | 25.4 | -4.3 | 11.2 | 5.8 | -34.8 | -246.8 | 75.2 | 10.1 | -41.2 | 14.8 |
| Net Profit Mgn % ⓘ | -373.6 | 17.9 | 18.6 | 6.4 | -0.5 | -49.4 | -308.2 | 57.9 | 5 | -67 | -27 |
| Debt to Equity ⓘ | 0 | 0.1 | 0.1 | 0.2 | 0 | 0 | 0 | 0.2 | 0.4 | 0.8 | - |
| Working Cap Days ⓘ | 78,571 | 1,420 | 3,962 | 2,137 | 1,981 | 5,298 | 23,004 | 633 | 2,745 | 6,889 | 841 |
| Cash Conv. Cycle ⓘ | 28,013 | 547 | 1,646 | 931 | 656 | 1,840 | 7,960 | 128 | 797 | 2,412 | -74 |
Sales growth is growing at healthy rate in last 3 years 96.57%
Sales growth is good in last 4 quarters at 127.61%
Return on Equity is Poor
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0 | -0 |
| TTM Sales (₹ Cr.) | 7.8 | 0.4 |
| BVPS (₹.) ⓘ | 1.1 | 0 |
| Reserves (₹ Cr.) ⓘ | 6 | 11 |
| P/BV ⓘ | 1.57 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1.26 / 4.12 |
| All Time Low / High (₹) | 0.01 / 18.00 |
| Market Cap (₹ Cr.) | 91.1 |
| Equity (₹ Cr.) | 52.4 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 66.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.31 | 16.57 | 5.52 | 9.99 | 10.65 | 3.86 | 0.89 | 43.60 | 14.34 | 6.76 |
| Operating Expenses ⓘ | 1.05 | 12.36 | 5.78 | 8.88 | 10.03 | 5.21 | 3.33 | 10.83 | 12.90 | 9.69 |
| Manufacturing Costs | 1.66 | 4.20 | 3.79 | 4.58 | 1.44 | 1.12 | 0.52 | 4.16 | 6.31 | 5.01 |
| Material Costs | -3.24 | 6.62 | 0.54 | 2.46 | 6.66 | 1.98 | 0.64 | 0.12 | 0.16 | -0.24 |
| Employee Cost | 0.16 | 0.12 | 0.67 | 0.85 | 1.12 | 1.18 | 1.18 | 1.30 | 1.47 | 1.68 |
| Other Costs ⓘ | 2.47 | 1.41 | 0.78 | 1 | 0.81 | 0.93 | 0.99 | 5.25 | 4.95 | 3.23 |
| Operating Profit ⓘ | -0.73 | 4.21 | -0.26 | 1.10 | 0.62 | -1.34 | -2.44 | 32.77 | 1.44 | -2.92 |
| Operating Profit Margin (%) | -236.0% | 25.4% | -4.7% | 11.0% | 5.8% | -34.8% | -274.0% | 75.2% | 10.1% | -43.2% |
| Other Income ⓘ | 0.01 | 0.09 | 2 | 1.03 | 0.15 | 0.01 | 0 | 0.02 | 0.99 | 0.02 |
| Interest ⓘ | 0.20 | 0.04 | 0.05 | 0.51 | 0.18 | 0.04 | 0.04 | 0.10 | 0.34 | 0.68 |
| Depreciation ⓘ | 0.28 | 0.27 | 0.44 | 0.59 | 0.58 | 0.59 | 0.56 | 0.36 | 0.51 | 0.97 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -1.21 | 3.99 | 1.26 | 1.04 | 0.01 | -1.97 | -3.04 | 32.34 | 1.59 | -4.55 |
| Tax ⓘ | -0.04 | 1.02 | 0.25 | 0.41 | 0.06 | -0.06 | -0.13 | 7.11 | 0.88 | 0.07 |
| Profit After Tax | -1.17 | 2.97 | 1.01 | 0.63 | -0.05 | -1.91 | -2.91 | 25.23 | 0.71 | -4.63 |
| PAT Margin (%) | -375.0% | 17.9% | 18.3% | 6.3% | -0.5% | -49.4% | -327.0% | 57.9% | 5.0% | -68.4% |
| Adjusted EPS (₹) | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | -0.1 | 0.5 | 0.1 | -0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 31 | 33.96 | 33.42 | 34.06 | 34.01 | 32.11 | 29.20 | 54.44 | 55.16 | 50.55 |
| Share Capital ⓘ | 25.18 | 25.18 | 25.18 | 25.18 | 25.18 | 25.18 | 25.18 | 25.18 | 50.36 | 50.36 |
| Reserves ⓘ | 5.82 | 8.78 | 8.24 | 8.88 | 8.83 | 6.93 | 4.02 | 29.26 | 4.80 | 0.19 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0.15 | 3.87 | 2.70 | 5.30 | 0.13 | 1.10 | 0.27 | 10.29 | 22.20 | 41.02 |
| Long Term Debt | 0.14 | 0.14 | 0.63 | 1.01 | 0 | 0.52 | 0.08 | 0.64 | 1.43 | 8.94 |
| Short Term Debt | 0.01 | 3.73 | 2.07 | 4.29 | 0.13 | 0.58 | 0.18 | 9.65 | 20.78 | 32.08 |
| Trade Payables | 1.61 | 1.35 | 1.99 | 1.72 | 0.61 | 0.59 | 0.85 | 1.37 | 3.83 | 3.23 |
| Others Liabilities ⓘ | 37.96 | 26.20 | 23.24 | 22.46 | 24.44 | 25.82 | 27.43 | 32.38 | 44.59 | 44.92 |
| Total Liabilities ⓘ | 70.72 | 65.39 | 61.35 | 63.54 | 59.20 | 59.63 | 57.74 | 98.48 | 125.78 | 139.72 |
Fixed Assets | ||||||||||
| Gross Block | 1.61 | 3.04 | 4.26 | 4.17 | 4.18 | 5.12 | 2.90 | 2.88 | 6.67 | 5.59 |
| Accumulated Depreciation | 0.74 | 0.96 | 0.43 | 0.91 | 1.49 | 2.08 | 1.48 | 0 | 1.58 | 2.19 |
| Net Fixed Assetsⓘ | 0.86 | 2.08 | 3.83 | 3.26 | 2.69 | 3.04 | 1.43 | 2.88 | 5.10 | 3.41 |
| CWIP ⓘ | 0.41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.09 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 26.11 | 23.90 | 26.07 | 26.38 | 20.63 | 19.63 | 19.63 | 23.06 | 42.89 | 49.57 |
| Trade Receivables | 0.80 | 3.11 | 0.12 | 0.13 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.31 |
| Cash Equivalents | 3 | 0.71 | 0.25 | 0.61 | 0.53 | 0.38 | 0.52 | 0.26 | 0.37 | 1.28 |
| Others Assetsⓘ | 39.44 | 35.59 | 31.09 | 33.14 | 35.33 | 36.57 | 36.15 | 72.27 | 77.42 | 85.16 |
| Total Assets ⓘ | 70.72 | 65.39 | 61.35 | 63.54 | 59.20 | 59.63 | 57.74 | 98.48 | 125.78 | 139.72 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3.10 | -5.04 | 2.81 | -2 | 5.26 | -0.14 | -0.02 | -8.39 | -9.14 | -18.66 |
| PBT ⓘ | -1.21 | 3.99 | 1.26 | 1.04 | 0.01 | -1.97 | -3.04 | 32.34 | 1.59 | -4.55 |
| Adjustment ⓘ | 0.29 | 0.36 | 0.50 | 0.93 | 0.76 | 0.63 | 0.85 | 0.35 | 0.78 | 1.61 |
| Changes in Working Capital ⓘ | -2.18 | -9.38 | 1.76 | -3.9 | 4.54 | 1.2 | 2.16 | -34.07 | -11.15 | -15.72 |
| Tax Paid ⓘ | 0 | -0.01 | -0.72 | -0.07 | -0.05 | 0 | 0 | -7 | -0.35 | 0 |
| Cash Flow From Investing Activity ⓘ | 0.03 | -0.93 | -2.21 | -0.03 | 0 | -0.95 | 0.81 | -1.78 | -2.73 | 0.58 |
| Capex | 0.05 | -1.02 | -2.21 | -0.03 | 0 | -0.95 | 0.81 | -1.78 | -2.73 | 0.58 |
| Net Investments | -0.02 | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 5.86 | 3.69 | -1.06 | 2.29 | -5.34 | 0.93 | -0.65 | 9.90 | 11.98 | 18.98 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 4.44 | 0 | 0.64 | 0.39 | -1.01 | 0.52 | -0.44 | 0.56 | 0.79 | 7.51 |
| Interest Paid ⓘ | 0 | -0.03 | -0.04 | -0.31 | -0.18 | -0.04 | -0.04 | -0.08 | -0.32 | -0.67 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.41 | 3.72 | -1.66 | 2.22 | -4.15 | 0.45 | -0.17 | 9.43 | 11.51 | 12.14 |
| Net Cash Flow ⓘ | 2.79 | -2.29 | -0.47 | 0.26 | -0.09 | -0.15 | 0.15 | -0.26 | 0.11 | 0.90 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.7 | 9.14 | 3 | 1.88 | -0.16 | -5.77 | -9.5 | 60.33 | 1.3 | -8.75 |
| ROCE (%) | -3.05 | 11.69 | 3.52 | 3.92 | 0.5 | -5.73 | -9.52 | 68.56 | 2.69 | -4.53 |
| Asset Turnover Ratio | 0 | 0.24 | 0.09 | 0.16 | 0.17 | 0.07 | 0.02 | 0.56 | 0.13 | 0.05 |
| PAT to CFO Conversion(x) | N/A | -1.7 | 2.78 | -3.17 | N/A | N/A | N/A | -0.33 | -12.87 | N/A | Working Capital Days |
| Receivable Days | 1,015 | 43 | 107 | 5 | 3 | 1 | 2 | 0 | 0 | 9 |
| Inventory Days | 0 | 551 | 1,651 | 959 | 805 | 1,902 | 8,065 | 179 | 839 | 2,494 |
| Payable Days | -158 | 82 | 1,128 | 276 | 64 | 111 | 413 | 3,366 | 5,926 | -5,415 |
Radhe Developers was established in the year 1990. Ever since its inception the name Radhe stands for quality, craftsmanship and expertise. The seeds of this entity were sown in the name of C Patel & Co by a farsighted and visionary man Chunibhai C Patel, having 50 years of experience in the business of construction and supervision, with an objective of promoting, construction and developing residential and commercial complexes. The history began with the founding of Jash Development Corporation in 1974 in partnership of Prafulbhai C Patel having 47 years of experience for developing a commercial unit, which was then let out. In the year 1990 Radhe Construction was established followed by Radhe Organizers, Radhe Estate Developers, Radhe Associates, Radhe Consultancy and Radhe Developers India Ltd. Together they have developed or are in the process of developing elegant, innovative and practical residential and commercial projects. Radhe Developers (India) Limited's principal activity is to construct and develop residential and commercial complexes. The residential projects include Takshshila, Mandar Bungalows and Tirthbhumi. The commercial projects include Tulsi, Ganesh Plaza and Abhinav Arcade. The ongoing projects are Emerald Park and Olympus Mall. The company operates only in India.
On January 5, 2010 the Radhe Developers decided to raise funds by launching fixed deposits of the company. The board has approved the FD text. These funds would be used for the company's upcoming projects.
Ongoing Projects:
Emerald Park – A project of luxurious farmhouses
Olympus Mall – First time in Ahmedabad a revolutionary innovation in the era of mall
New Projects: 'Radhe Armaan' is a residential colony offering 6210 apartments of 675 sq ft each. It is located in the serene vicinity of Santej, only 8 km away from Ahmedabad. This FDI compliant scheme also offers all the essential amenities like school, hospital, shopping complex and other recreation facilities.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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