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Radhe Developers (India) Ltd. Stock Analysis

Small Cap
Evaluated by 66 users | BSE: 531273 | NSE: |
Construction - Real Estate
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...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -5.89%-1.57%-3.04%-1.56%-2.01%-3.09%8.7%2.85%2.52%0.2%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 0.1100.40.20.316.65.51010.7
Y-o-Y Gr. Rt.-1150%-100%NA-57.1%106.7%5245.2%-66.7%81%6.6%
Adjusted EPS (Rs.) -0.58-0.24-0.47-0.3-0.33-0.461.180.410.26-0.02
Y-o-Y Gr. Rt.-NANANANANANA-65.3%-36.6%-107.7%
Book Value per Share (Rs.) 14.1213.8813.4113.1112.7812.3113.4913.2713.5313.51
Adjusted Net Profit -1.5-0.6-1.2-0.8-0.8-1.2310.6-0.1
Net Op. Cash Flow (Rs. Cr.) -23.6-0.6-130.9-7.3-3.1-52.8-25.3
Debt to Cash Flow from Ops -0.02-1.04-0.271.72-0.39-0.05-0.771.15-4.120.04
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.
Radhe Developers (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 72.2%134.6%-13.7%6.6%
Adjusted EPS NANA-125.7%-107.7%
Book Value per Share -0.51.10.1-0.2
Share Price -0.6% -3.4% -22.1% -30.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -6.38-1.68-3.47-2.24-2.57-3.689.143.051.91-0.15
Operating Profit Margin (%) -1958.16-51.410-118.72-385.7-233.4925.44-4.2811.185.82
Net Profit Margin (%) -1876.2-59.20-215.04-569.42-373.6417.9218.66.44-0.49
Debt to Equity 0.010.020.10.040.0900.110.10.240.01
Working Capital Days 1,75,04717,682063,1431,57,42678,5711,4203,9622,1371,981
Cash Conversion Cycle 1,159-40010,17140,65028,0135471,646931656
Entity Percentage Holding
Promoters 43.05%
Institutions 0.04%
Non-Institutions 56.91%
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 Radhe Developers (India) Ltd.'s performance infers:

Radhe Developers (India) Ltd. earnings have grown by 0%, whereas share price has depreciated -3.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Radhe Developers (India) Ltd. share prices over the last 10 years. Here is what we found out:

Radhe Developers (India) Ltd. share price has depreciated -5.4% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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