Ritesh Properties & Industries Ltd Stock Analysis

BSE: 526407 | NSE: | Construction - Real Estate | Small Cap

BSE Share Price 06-Dec-2022 18:01
43.25 -0.50 (-1.14%)

DeciZen - Make an Informed Decision on Ritesh Properties

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Ritesh Properties Price Chart

P/E Ratio (SA) :
84.40
Market Cap :
1,178.7 Cr.
52-wk low :
27.9
52-wk high :
58
Bole Toh?

1. Is Ritesh Properties & Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ritesh Properties & Industries Ltd is a average quality company.

2. Is Ritesh Properties & Industries Ltd undervalued or overvalued?

The key valuation ratios of Ritesh Properties & Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Ritesh Properties & Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ritesh Properties & Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Ritesh Properties:

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.
Ritesh Properties & Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.9%5.9%5.9%7.1%7.5%-0.3%3.8%-12.5%24.3%16%-
Value Creation Index -0.7-0.6-0.6-0.5-0.5-1.0-0.7-1.90.70.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7.5107.912.949.747.210510611713682
YoY Gr. Rt. %-34.1%-20.9%62.8%285%-5%121.8%1.1%10.8%16.1%-
Adj EPS 0.10.10.10.20.2-00.1-0.61.60.70.5
YoY Gr. Rt. %-57.1%9.1%33.3%12.5%-111.1%NA-800%NA-59.1%-
BVPS (₹) 1.822.22.32.52.62.74.26.14.54.3
Adj Net Profit 0.81.21.41.82.1-0.30.9-6.418.51614
Cash Flow from Ops. 0.58.16.43.3-2.6-10.32.4-1.541.80.2-
Debt/CF from Ops. 1.200.10.1-0.4-0.10.2-50.154.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 38.1%22.3%9.1%16.1%
Adj EPS 28.1%29.3%101%-59.1%
BVPS 10.612.418.5-26.4
Share Price 53.9% 116.9% 267.7% 47.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.95.65.977.4-0.93-14.125.916.611.6
Op. Profit Mgn % 13.92.46.79.63.7-1.8-0.4-10.518.38.112.7
Net Profit Mgn % 10.612.317.814.24.2-0.60.9-6.115.711.717
Debt to Equity 00000000.20.10.10
Working Cap Days 3,3672,2482,3701,369311322244262171147612
Cash Conv. Cycle -964-272-613-315561521641765440551

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.60%

Net Profit is growing at healthy rate in last 3 years 101.04%

Sales growth is good in last 4 quarters at 71.18%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Ritesh Properties & Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 0.9
TTM Sales (₹ Cr.) 81.8 185
BVPS (₹.) 4.3 4.3
Reserves (₹ Cr.) 90 90
P/BV 10.04 10.14
PE 84.40 50.05
From the Market
52 Week Low / High (₹) 27.90 / 58.00
All Time Low / High (₹) 0.06 / 58.00
Market Cap (₹ Cr.) 1,179
Equity (₹ Cr.) 27.3
Face Value (₹) 1
Industry PE 41.5

Management X-Ray of Ritesh Properties :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.005.69
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ritesh Properties

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Ritesh Properties & Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ritesh Properties on 06-Dec-2022 18:01 is : 43.25.
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 06-Dec-2022 18:01 the market cap of Ritesh Properties stood at ₹ 1,178.7.
The latest PE ratio of Ritesh Properties as of 06-Dec-2022 18:01 is 84.40.
The latest PB ratio of Ritesh Properties as of 06-Dec-2022 18:01 is 10.04
The 52-week high of Ritesh Properties is ₹ 58.00 and the 52-week low is ₹ 27.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Ritesh Properties is ₹ 81.76 ( Cr.) .

About Ritesh Properties & Industries Ltd

Ritesh Properties and Industries is a leading company with business interests in garment exports. A public limited company , Ritesh Properties and Industries is based in Ludhiana under the leadership of Pran Arora, Chairman of the company. The company is listed on the Mumbai, Delhi, Kolkata and Ludhiana Stock Exchanges.

Recently the company has marked its foray in realty sector by entering into a joint venture agreement with developers Ansal Properties and Infrastructure (API) for developing a premium housing project and a business park in Ludhiana. The land is located at a prime location on Ludhiana-Chandigarh state highway. The total projected revenue will be about Rs.800 crs.

The project, christened as Hampton Court spreads across 42 acres on the Ludhiana-Chandigarh road, well within the municipal limits of Ludhiana city. Initial work on the project has already started and the project will be launched in a month’s time.

Ludhiana is growing very fast and there is an increasing need for quality housing especially in the city outskirts away from the city congestion. This township is designed to address that need and will offer ultra-modern, high-quality community living. The strategic location of the project will be a key factor for its success in days to come. The company is expected to benefit Rs 1.50 billion from the project. The premium housing project and the business park will be amidst peaceful environment in the outskirts of Ludhiana, away from the hustle-bustle of the city but in the close vicinity of prime locations in Ludhiana. The project will emphasize creation of a self-contained development, in order to foster harmonious community living.  All basic amenities and support infrastructure club, community hall, local shopping centre, post Office, bank, health care centre, schools (nursery / crèche, place of religious worship, designated recreational spaces like playgrounds for children, jogging tracks, office, ample parking lots etc. will be part of this premium project.

Business area of the company:

  • Garment exports.
  • Realty sector. Hampton Court, Ludhiana- Hampton Courts, located on the Ludhiana-Chandigarh state highway is the premium housing projects. Being one of the most high profile projects in the history of Ludhiana .With 570 apartments, including penthouses, sprawling across the estate and only 4 apartments to each floor with 2 elevators.
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