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Royal India Corporation Ltd (512047)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512047 NSE: Diamond & Jewellery | Small Cap | Royal India Corpn. Share Price

₹6.02 0.23 (3.97%)

As on 03-Jul'26 16:59

Royal India Corporation Ltd (512047)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512047 NSE: Diamond & Jewellery | Small Cap | Royal India Corpn. Share Price

₹6.02 0.23 (3.97%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹71 Cr.
Current Price
₹6
52-Week Low / High
₹3 / 9
TTM EPS
₹4.5
TTM Sales
₹46.1 Cr.
Book Value per Share
₹11.5
P/E Ratio
1.34
Industry PE
54.8
Price to Book (P/B)
0.52
Higher than its 5-year historical median
Price to Sales (P/S)
1.54
Higher than its 5-year historical median
EV/EBITDA
0.90
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
41.03%
Outperforms industry median
Return on Capital Employed (ROCE)
10.68%
Outperforms industry median
Return on Assets (ROA)
6.51%
Operating Profit Margin
3.4%
Net Profit Margin
4.92%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
662.9%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
42.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹19 Cr.
Equity
₹118 Cr.
Face Value
₹10
All Time Low / High
₹0.38 / 137.00

Royal India Corporation stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Royal India Corporation Ltd a good quality company?
Royal India Corporation Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Royal India Corporation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Royal India Corporation Ltd vs industry peers?
Royal India Corporation Ltd revenue CAGR is 1.86%, compared to the industry median CAGR of 3.81%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Royal India Corporation Ltd?
Promoters hold 42.47% of the Royal India Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Royal India Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Royal India Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.8%3.6%-0.3%0.2%-6.7%0.4%-0.6%3.3%-2.1%10.7%-
Value Creation
Index
-0.9-0.7-1.0-1.0-1.5NANANANA-0.2-

Growth Parameters

Sales 1842841021262012.21.837.528.822046
Sales YoY Gr.-54.6%-64.3%23.7%59.7%-98.9%-18.1%2,019.8%-23.1%662.9%-
Adj EPS 0.20.3-3-2.9-6.6-3.4-3.5-1.6-3.614.5
YoY Gr.-25%-1308%NANANANANANANA-
BVPS (₹) 16.314.811.79.12.5-0.8-4.3-5.9-9.56.811.5
Adj Net
Profit
0.50.6-7-6.6-15.2-7.7-8-3.7-8.210.853
Cash Flow from Ops. -1.7-35.2-37.8-14.2-9.7-11.1-11.5-1.5-2-23.4-
Debt/CF from Ops. -2.9-1.3-2.3-6.8-11.1-10.7-11.5-92.2-66.6-4.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2%1.9%399.1%662.9%
Adj EPS 19.5%NANANA
BVPS-9.2%21.9%NANA
Share Price 5.6% 34.7% 32.6% -29.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.21.6-22.8-27.4-113.2-393.6135.331.746.538.948.9
Op. Profit
Mgn %
0.4-0.1-0.7-0.8-4-0.9-61.50.2-8.53.49.3
Net Profit
Mgn %
0.30.2-6.9-5.2-7.6-358.1-450.5-9.9-28.64.9115
Debt to
Equity
0.11.33.24.618.4-62.6-13.3-10.1-6.11.40
Working Cap
Days
14620695993442722,93427,8321,3461,719273751
Cash Conv.
Cycle
686349230217716,38917,168-351,121186529

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales183.75284.16101.55125.64200.692.161.7737.5228.84220.02
Operating Expenses + 183.04284.69102.27126.63208.692.182.8637.4331.29212.51
Manufacturing Costs0.020.030.030.01000000.01
Material Costs182.68282.95101.12124.99197.451.641.3326.9926.94210.53
Employee Cost 0.110.110.110.190.230.200.190.230.380.49
Other Costs 0.231.601.021.44110.341.3310.213.971.48
Operating Profit 0.71-0.53-0.72-0.99-8-0.02-1.090.09-2.447.51
Operating Profit Margin (%) 0.4%-0.2%-0.7%-0.8%-4.0%-0.9%-61.5%0.2%-8.5%3.4%
Other Income + 0.042.720.391.190.310.480.393.9507.91
Exceptional Items 0000000000
Interest 0.011.359.378.8010.7611.7512.9610.846.593.92
Depreciation 00000000.020.020.02
Profit Before Tax 0.750.84-9.70-8.60-18.45-11.29-13.66-6.82-9.0611.48
Tax 0.300.46-2.75-2.58-3.22-3.55-5.70-3.10-0.810.66
Profit After Tax 0.450.37-6.95-6.02-15.23-7.74-7.97-3.72-8.2410.83
PAT Margin (%) 0.3%0.1%-6.8%-4.8%-7.6%-358.0%-450.0%-9.9%-28.6%4.9%
Adjusted EPS (₹)0.20.2-3.0-2.6-6.6-3.4-3.5-1.6-3.61.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Royal India Corpn. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 37.5034.0427.0821.075.84-1.90-9.87-13.59-21.8475.38
Share Capital 23.0823.0823.0823.0823.0823.0823.0823.0823.08109.47
Reserves 14.4210.964-2.01-17.24-24.98-32.95-36.67-44.92-34.09
Debt +544.4786.6696.30107.57119.17131.63137.29132.29101.16
Long Term Debt035.4776.5990.70100.59111.43123.69137.29132.29101.16
Short Term Debt5910.075.596.987.747.94000
Minority Interest0000000000
Trade Payables54.04144.02170.7622131.9131.0431.0431.0431.3534.60
Others Liabilities 0.440.9727.53-4.69-7.93-11.65-17.23-10.81-11.55-8.75
Total Liabilities 96.99223.50312.03333.67137.38136.66135.57143.93130.25202.39

Fixed Assets

Net Fixed Assets +000000.010.010.170.160.15
Gross Block0.430.430.430.440.440.440.450.630.630.65
Accumulated Depreciation0.430.430.430.430.430.440.440.460.480.50
CWIP 0000000000
Investments 0000000000
Inventories1.1312.1558.9556.1359.2759.4359.0440.5640.21130.10
Trade Receivables92.24183.65234.64260.4371.0770.6869.1384.4578.4723.12
Cash Equivalents 0.070.091.830.671.341.061.441.111.111.15
Others Assets 3.5427.6116.6116.435.705.495.9617.6310.3047.87
Total Assets 96.99223.50312.03333.67137.38136.66135.57143.93130.25202.39

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1.74-35.18-37.75-14.23-9.68-11.14-11.49-1.49-1.99-23.37
PBT 0.750.84-9.70-8.60-18.45-11.29-13.66-6.82-9.0611.48
Adjustment -0.040-0.0100000.020.020.02
Changes in Working Capital -2.44-36-28-5.618.770.142.175.327.07-32.87
Tax Paid 0-0.02-0.04-0.020000-0.02-2.01
Cash Flow From Investing Activity + 0-0.27-1.62-1.050.460.03-0.39-12.446.99-33.98
Capex 00-0-00-0.01-0-0.18-0.01-0.01
Net Investments 0000000000
Others 0-0.27-1.62-1.050.460.04-0.39-12.267-33.96
Cash Flow From Financing Activity + 0.0135.4741.1214.129.8910.8412.2613.61-557.38
Net Proceeds from Shares 00000000086.39
Net Proceeds from Borrowing 035.4741.1200012.2613.61-5-31.13
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0.010014.129.8910.840002.12
Net Cash Flow -1.730.021.74-1.160.67-0.280.38-0.3300.03

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.211.05-22.74-24.99-113.22N/AN/AN/AN/A41.03
ROCE (%)1.793.62-0.340.18-6.66N/AN/AN/AN/A10.68
Asset Turnover Ratio2.461.770.380.390.850.020.010.270.211.32
PAT to CFO Conversion(x)-3.87-95.08N/AN/AN/AN/AN/AN/AN/A-2.16
Working Capital Days
Receivable Days130.70177.20751.70719.10301.50007471,030.9084.30
Inventory Days1.108.50127.80167.20104.9000484.50511.10141.30
Payable Days63.90127.70568.10572233.807,024.208,494.80419.70422.7057.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.891.890.780.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Royal India Corporation Ltd FAQs

The current trading price of Royal India Corpn. on 03-Jul-2026 16:59 is ₹6.02.

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 02-Jul-2026 the market cap of Royal India Corpn. stood at ₹71.02 Cr

The latest P/E ratio of Royal India Corpn. as of 02-Jul-2026 is 1.34.

The latest P/B ratio of Royal India Corpn. as of 02-Jul-2026 is 0.52.

The 52-week high of Royal India Corpn. is ₹9.39 and the 52-week low is ₹2.82.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Royal India Corpn. is ₹46.05 ( Cr.) .

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

The key valuation ratios of Royal India Corporation 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 Royal India Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Royal India Corporation Ltd

Natraj Financial and Services was originally incorporated as Natraj Commercial Enterprises on February 25, 1984 vide certificate of incorporation issued by Registrar of Companies, Maharashtra. The company got certificate for commencement of business on March 13, 1984. The name of the company was changed from Natraj Commercial Enterprises to Natraj Financial and Services and the fresh certificate of incorporation was issued on October 19, 2006.

Business area of the company

The company is engaged in the business of share broking. It also involves in investment and trading in shares; and finance activities.

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