Riddhi Siddhi Gluco Biols Ltd Stock Analysis

BSE: 524480 | NSE: | Trading | Small Cap

BSE Share Price 06-Feb-2023 11:11
325.05 -10.65 (-3.17%)

DeciZen - Make an Informed Decision on Riddhi Siddhi Gluco

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Riddhi Siddhi Gluco Price Chart

P/E Ratio ( SA) :
8.37
Market Cap :
239.4 Cr.
52-wk low :
310
52-wk high :
499
Bole Toh?

1. Is Riddhi Siddhi Gluco Biols Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Riddhi Siddhi Gluco Biols Ltd is a below average quality company.

2. Is Riddhi Siddhi Gluco Biols Ltd undervalued or overvalued?

The key valuation ratios of Riddhi Siddhi Gluco Biols Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Riddhi Siddhi Gluco Biols Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Riddhi Siddhi Gluco Biols Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Riddhi Siddhi Gluco:

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.
Riddhi Siddhi Gluco Biols Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.6%1.5%1.4%0.2%-4.8%18.4%5.3%5.1%1.4%5.3%-
Value Creation Index -0.8-0.9-0.9-1.0-1.30.3-0.6-0.6-0.9-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 47548645.652.911837015174.42284491
YoY Gr. Rt. %-2.2%-90.6%16%122.9%214.3%-59.1%-50.9%206%-80.7%-
Adj EPS 23.84.613-15.3-124.7332.582.585.418102.340.1
YoY Gr. Rt. %--80.8%184.9%-217.1%NANA-75.2%3.5%-78.9%467.4%-
BVPS (₹) 1,072.71,073.71,277.71,559.81,569.51,689.71,7431,767.81,882.52,035.82,071.1
Adj Net Profit 22.64.39.3-10.9-8923758.960.912.972.929
Cash Flow from Ops. -40383.73.1-5.92-15.1-1.4-25.4-4224-
Debt/CF from Ops. -0.41.652.7-33.1199.1-9.3-83.4-3.4-22.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -23.2%-17.9%-33.8%-80.7%
Adj EPS 17.6%NA7.4%467.4%
BVPS 7.45.35.38.1
Share Price 0.9% -15.3% 7.6% -30.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 2.20.41-1.1-820.44.84.915.22
Op. Profit Mgn % 4.52.817.32.5-52.9-4.6-0.61.41.3-4.9-0.3
Net Profit Mgn % 4.80.920.4-20.6-75.664.138.981.85.7165.931.5
Debt to Equity 0.20.10.20.20.40.10.10.10.100
Working Cap Days 6432742,6792,0197703841,3203,0361,3538,8633,707
Cash Conv. Cycle 35866005091151245106753803,274

Recent Performance Summary

Sales growth is good in last 4 quarters at 206.11%

Return on Equity has declined versus last 3 years average to 2.00%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Riddhi Siddhi Gluco Biols Ltd.

Standalone Consolidated
TTM EPS (₹) 40.1 -4.7
TTM Sales (₹ Cr.) 90.8 277
BVPS (₹.) 2,071.1 2,133.8
Reserves (₹ Cr.) 1,470 1,514
P/BV 0.16 0.16
PE 8.37 0.00
From the Market
52 Week Low / High (₹) 310.00 / 499.00
All Time Low / High (₹) 4.05 / 953.00
Market Cap (₹ Cr.) 239
Equity (₹ Cr.) 7.1
Face Value (₹) 10
Industry PE 47.9

Management X-Ray of Riddhi Siddhi Gluco :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Riddhi Siddhi Gluco

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

News

Riddhi Siddhi Gluco Biols Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Riddhi Siddhi Gluco on 06-Feb-2023 11:11 is : 325.1.
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-Feb-2023 11:11 the market cap of Riddhi Siddhi Gluco stood at ₹ 239.3.
The latest PE ratio of Riddhi Siddhi Gluco as of 06-Feb-2023 11:11 is 8.37.
The latest PB ratio of Riddhi Siddhi Gluco as of 06-Feb-2023 11:11 is 0.16
The 52-week high of Riddhi Siddhi Gluco is ₹ 499.0 and the 52-week low is ₹ 310.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Riddhi Siddhi Gluco is ₹ 90.76 ( Cr.) .

About Riddhi Siddhi Gluco Biols Ltd

Riddhi Siddhi Gluco Biols is the one of innovation and adventure, of risks taken and bold decisions made. The seeds of this successful corporate conglomerate were sown in 1990 in the name of Riddhi Siddhi Chemicals Pvt Ltd. In March 1992 the name was changed to Riddhi Siddhi Chemicals Ltd. What followed was an unmatched series of innovations, achievements and accolades.

Riddhi siddhi Gluco Biols is the starch and glucose manufacturing plant of the Riddhi Siddhi Group and is the largest wet milling plant of the Indian sub continent having the highest crushing capacity with mills located at prime locations – Gokak (Karnataka) and Viramgam (Ahmedabad). The company’s core strength lies in strong customer focus and rich expertise in the field of production and quality control which underlines the organizations ongoing commitment and quest for quality products and services.

The company stands as the largest manufacturing plant producing the starch of various types, liquid glucose, dextrose Monohydrate, Maltodextrin, Dextrose syrup, High Maltose Corn Syrup and the by products like Corn Gluten meal and Enriched fiber which are used in various applications catering to different industries of Food, Textile, paper, Pharmaceuticals, Confectionaries and many more. We have a proven track record to fully understand their requirements so that our team can tailor various products to suit their needs. With adequate capacity for manufacture of all finished goods and by products, the company has vast potentials to export goods to all the neighboring countries like middle east, South East, Bangladesh, Srilanka, Nepal to name a few.

Products range of the company includes:

  • Maize Starch Starch is a carbohydrate which occurs in all vegetable matter and is found in commercially recoverable quantities in Maize, Tapioca, Potato, Wheat, and Rice. MAIZE STARCH is a white or creamy powder having various direct and indirect applications in industries. Starch can be modified to suit individual requirement of the users and such starches are known as chemical starches/Dextrin.
  • Co - Products Corn Germ / Oil-Corn Gluten-Corn Fibre-Corn Steep Liquor
  • Liquid Glucose Liquid Glucose is a mixture of Glucose, Maltose and Maltodextrin and Oligosaccharides. It is a colorless, odorless, viscous sweet syrup, mainly used in confectionery and pharmaceuticals industry as a sweetener and bonding agent. It is a combination of mono, di, tri, penta and higher saccharides.
  • Maltodextrin Maltodextrin is a starch hydrolysis product ranging up to 20 DE. The main characteristic of this carbohydrate is that it provides body to a food product without appreciably increasing the sweetness while retaining the calorific value. Another characteristic of Maltodextrin subject to medical confirmation is that this carbohydrate is more easily digested and more easily tolerated by the diabetic persons.
  • Dextrose Monohydrate Dextrose Monohydrate is commercially produced by enzymatic hydrolysis of starch. It is a white free flowing crystalline powder. DMH find applications mainly in the manufacture of instant energy drinks, Dextrose Anhydrous and Pharmaceuticals like Sorbitol and Fermentation stage of manufacturing of anti-biotics Its uses are many and varied.
  • Glucose - D Glucose-D is manufactured by blending Dextrose Monohydrate with tri-calcium phosphate, di-calcium phosphate and vitamin D3. Glucose-D is used as instant energy beverage.
  • Dextrose Syrup Dextrose syrup is commercially produced by hydrolysis of starch and through enzymatic process. Dextrose Syrup have extensively use in breweries and fermentation process (fermentation process is widely used in pharmaceuticals industries for manufacturing antibiotic drugs and penicillin).

Milestones:

  • 1993- 94 Commenced manufacturing operations at Viramgam (Ahmedabad).
  • 1994- 95  Liquid Glucose Plant at Viramgam (Ahmedabad).
  • 1995- 96 Acquired K G Gluco Biols Ltd., Gokak. (Glaxo KSIIDC)
  • 1996- 97 Addition of Starch Drying facility at Gokak.
  • 1997- 98 Stabilization and balancing of Operations at Gokak.
  • 1998- 99 Increase in capacity of Maltodextrine at Gokak.
  • 1999- 00 Addition of Dextrose Syrup and increase in capacity of Dextrose Monohydrate and Liquid Glucose.
  • 2001- 02 Implementation of 6.2 MW Captive Co-generation Power Plant.
  • 2002- 03  Expanded Crushing Capacity of Gokak plant to make it India's largest Corn Wet Milling Plant.
  • 2003- 04 Addition of High Maltose Corn Syrup plant at Viramgam (Ahmedabad)
  • 2004- 05 Capacity enhancement of Liquid Glucose plant at Gokak.
  • 2005- 06 Acquisition of Biopolymer Division from Hindustan Lever Ltd at Pondicherry.Further expanded crushing capacity of Gokak Plant from 500 Tpd To 750 Tpd Roped in Roquette Freres of France As the strategic investor.One Star Export house accredition.
  • 2010 - Gogak Unit started operations.
  • 2012-13 - Integration with Roquette Frères

The products of the company find applications in:

  • Food Industry
  • Textile Industry
  • Paper Industry
  • Pharmaceutical Industry
  • Other Industries:- Maize Germ , Gluten, Dextrose Monohydrate 

Achievements/ recognition:

An ISO 9001:2000 certified company

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