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Rei Agro Ltd Stock Analysis

Small Cap
Evaluated by 1545 users | BSE: 532106 | NSE: REIAGROLTD |
Consumer Food
REI Agro (REIAL), incorporated in 1994, manufactures and markets basmati rice. The company has emerged as a major player in India in basmati rice segment. REIAL has been successful in creating brands namely Kasauti, Real Magic, Mr Miller, Hungama, Hansraj and AI-Tahaan.ProductsThe company...

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'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Capital Employed 10.28%9.79%9.3%8.84%8.86%8.7%8.35%5.07%-90.58%-34.84%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,0851,7352,4483,6933,7244,2255,0894,5231,856522
Y-o-Y Gr. Rt.-59.9%41.1%50.9%0.8%13.5%20.4%-11.1%-59%-71.9%
Adjusted EPS (Rs.) 1.332.31.493.12.942.192.19-0.48-55.31-10.5
Y-o-Y Gr. Rt.-72.9%-35.2%108.1%-5.2%-25.5%0%-121.9%NANA
Book Value per Share (Rs.) 6.1511.4512.7417.6624.2325.6126.8726.62-29.38-40.61
Adjusted Net Profit 91.210165.8151282210209-45.7-5,299-1,006
Net Op. Cash Flow (Rs. Cr.) -446-721-293-7642154665451,001-36.490.3
Debt to Cash Flow from Ops -2.89-3.21-10.15-5.8617.8810.319.785.58-159.6664.68
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.
Rei Agro Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -7.8%-32.5%-53.2%-71.9%
Adjusted EPS -225.8%-229%-268.6%NA
Book Value per Share -223.3-210.9-214.80
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Equity (%) 23.1320.1411.4820.1417.278.638.2-1.765771.5530.37
Operating Profit Margin (%) 18.3618.2918.5316.3320.7419.7618.1214.01-258.38-143.16
Net Profit Margin (%) 8.45.852.694.17.564.964.11-1.01-285.52-192.79
Debt to Equity 2.794.254.944.971.631.922.042.16-2.1-1.52
Working Capital Days 399424439394504523490545730528
Cash Conversion Cycle 364360365338410389356460672380
Entity Percentage Holding
Promoters 28.00%
Institutions 9.15%
Non-Institutions 62.86%
Pledged *18.5410.4110.4110.4110.418.418.418.418.418.42
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

REI Agro (REIAL), incorporated in 1994, manufactures and markets basmati rice. The company has emerged as a major player in India in basmati rice segment. REIAL has been successful in creating brands namely Kasauti, Real Magic, Mr Miller, Hungama, Hansraj and AI-Tahaan.

Products

  • The company manufactures basmati rice of three categories namely premium, mid-range and economy. Under the premium segment, the company offers products packing sizes of

REI Agro (REIAL), incorporated in 1994, manufactures and markets basmati rice. The company has emerged as a major player in India in basmati rice segment. REIAL has been successful in creating brands namely Kasauti, Real Magic, Mr Miller, Hungama, Hansraj and AI-Tahaan.

Products

  • The company manufactures basmati rice of three categories namely premium, mid-range and economy. Under the premium segment, the company offers products packing sizes of 1 kg, 5 kg, 25 kg and 50 kg and markets its under the brand name Kasauti and Real Magic.
  • In mid-range category, REIAL offers products under for packing sizes of 1 kg, 5 kg, 25 kg, 39 kg and 50 kg. It markets this product under the brand name Mr Miller, Hungama and Ikon.
  • Lastly in economy segment, it offers products under packing sizes 5 kg, 25 kg and 50 kg. It markets this product under the brand name Hansraj and Rain Drop.

With an objective to diversify its business the company has ventured into the wind energy segment. It has set up wind mills at Rajasthan, Maharashtra and Tamil Nadu that have an installed capacity of 35.9 MW.

REIAL operates two manufacturing units, both located in state of Haryana. These facilities have an installed capacity of 61 TPH. In order to increase its basmati processing capacity, the company has acquired on lease basis, a processing capacity of 18 TPH, is located in Amritsar. This has led to an increase in the company's installed capacity to 79 TPH.

In FY 2006-07, the company launched ‘6Ten’- a chain of retail stores with an aim to widen its market and enhance margins and realizations. The company has progressed and successfully rolled out of 320 “6Ten” stores as on March 31, 2008. These outlets are located in the states of Delhi, Haryana, Punjab, Uttar Pradesh and Maharashtra.

REIAL has received ISO 9001:2000 certification for quality management. In India the company has pan-India presence through 460 dealers. The company's products have an export presence in countries namely Saudi Arabia, UAE, USA and UK.

Future plans

REI Agro plans to strengthen its in-house R&D facilities, introduce processes for improvement of quality and quantity of the products and focus on widening it product presence in the domestic and international markets.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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