REX Pipes and Cables Industries Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: REXPIPES | Plastic Products | Small Cap

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REX Pipes and Cables Industries stock performance -

mw4me loader
P/E Ratio (SA):
19.73
Market Cap:
71.4 Cr.
52-wk low:
0
52-wk high:
0

Is REX Pipes and Cables Industries Ltd an attractive stock to invest in?

1. Is REX Pipes and Cables Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that REX Pipes and Cables Industries Ltd is a below average quality company.

2. Is REX Pipes and Cables Industries Ltd undervalued or overvalued?

The key valuation ratios of REX Pipes and Cables Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is REX Pipes and Cables Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of REX Pipes and Cables Industries 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 REX Pipes and Cables:

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.
REX Pipes and Cables Industries 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.7%9.9%9.3%8.6%10%8.1%8.1%8.2%8%10.4%-
Value Creation
Index
-0.3-0.3-0.3-0.4-0.3-0.4-0.4-0.4-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 26.825.923.724.434.937.23260.1102118118
Sales YoY Gr.--3.4%-8.3%2.8%42.9%6.8%-14%87.6%69.5%15.5%-
Adj EPS 155.9167.5150.5201.11.81.61.31.82.23.93.8
YoY Gr.-7.5%-10.2%33.6%-99.1%-9.7%-21.4%46.4%19.1%78%-
BVPS (₹) 2,287.62,458.62,617.42,841.213.415.516.818.622.526.728.2
Adj Net
Profit
0.40.40.40.51.110.81.11.93.34
Cash Flow from Ops. 0.91.22.63.13.42.58.7-3.42.25.2-
Debt/CF from Ops. 10.58.93.62.53.671.8-5.911.84.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.9%27.5%54.3%15.5%
Adj EPS -33.7%17.1%45.9%78%
BVPS-39%14.7%16.7%18.7%
Share Price - - - 89.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.67.15.97.414.2117.710.312.215.814
Op. Profit
Mgn %
7.79.59.27.88.410.214.67.95.67.3NAN
Net Profit
Mgn %
1.41.61.623.12.62.41.91.82.83.1
Debt to
Equity
1.61.71.51.11.51.81.51.81.41.1-
Working Cap
Days
1451711862001581662221411101230
Cash Conv.
Cycle
8811314112786961369989940

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.00%

Sales growth is growing at healthy rate in last 3 years 54.30%

Net Profit is growing at healthy rate in last 3 years 45.87%

Debt to equity has increased versus last 3 years average to 1.08

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - REX Pipes and Cables Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 3.8 -
TTM Sales (₹ Cr.) 118 -
BVPS (₹.) 28.2 -
Reserves (₹ Cr.) 17 -
P/BV 2.68 -
PE 19.73 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 71.4
Equity (₹ Cr.) 9.5
Face Value (₹) 10
Industry PE 36.9

Management X-Ray of REX Pipes and Cables:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of REX Pipes and Cables

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales26.8025.8823.7424.4034.8737.2432.0260.07101.83117.64
Operating Expenses 24.7523.4321.5522.4931.9533.4627.3655.3196.17109.11
Manufacturing Costs0.880.950.920.750.951.291.881.912.344.18
Material Costs22.4921.2419.4820.6629.4029.9723.4251.3691.05101.64
Employee Cost 0.650.600.580.620.911.301.411.211.381.87
Other Costs 0.730.640.570.470.690.890.650.821.411.41
Operating Profit 2.052.462.191.902.923.784.664.765.668.54
Operating Profit Margin (%) 7.7%9.5%9.2%7.8%8.4%10.2%14.6%7.9%5.6%7.3%
Other Income 0.640.560.730.710.290.510.050.100.120.54
Interest 1.421.601.621.180.971.321.931.771.722.16
Depreciation 0.780.840.690.580.561.011.761.521.441.90
Exceptional Items 0000000000
Profit Before Tax 0.500.580.610.851.691.961.021.582.635.03
Tax 0.070.150.210.300.420.660.240.450.721.41
Profit After Tax 0.430.420.390.551.271.310.781.131.913.62
PAT Margin (%) 1.6%1.6%1.7%2.3%3.7%3.5%2.4%1.9%1.9%3.1%
Adjusted EPS (₹)0.70.70.60.92.12.11.31.82.24.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5.676.106.497.058.329.6310.4211.5519.3422.96
Share Capital 2.482.482.482.486.206.206.206.208.608.60
Reserves 3.193.624.014.572.123.434.225.3510.7414.36
Minority Interest0000000000
Debt8.149.298.566.3510.6115.0514.7717.1223.7121.97
Long Term Debt4.083.132.660.293.696.970.306.214.943.16
Short Term Debt4.076.165.906.076.928.0814.4710.9118.7718.81
Trade Payables4.6522.454.995.304.456.392.872.645.31
Others Liabilities 1.051.261.322.042.813.582.266.216.368.37
Total Liabilities 19.5118.6518.8220.4327.0432.7133.8337.7552.0558.60

Fixed Assets

Gross Block6.676.105.725.507.4113.9212.4520.8522.5124.66
Accumulated Depreciation00000009.2510.4512.35
Net Fixed Assets6.676.105.725.507.4113.9212.4511.6012.0612.31
CWIP 00003.1500000
Investments 0000000000
Inventories5.483.964.884.573.686.619.5713.1514.9011.97
Trade Receivables6.487.446.69910.649.139.719.8617.5624.49
Cash Equivalents 0.340.740.720.530.700.720.540.623.882.98
Others Assets0.550.410.810.821.452.331.562.523.666.85
Total Assets 19.5118.6518.8220.4327.0432.7133.8337.7552.0558.60

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.871.152.633.083.372.458.67-3.442.235.18
PBT 0.500.580.610.851.691.961.021.582.635.03
Adjustment 2.202.442.281.761.532.333.693.283.124.05
Changes in Working Capital -1.75-1.760.270.690.53-1.414.25-7.83-2.77-2.4
Tax Paid -0.07-0.10-0.53-0.23-0.38-0.43-0.29-0.47-0.75-1.50
Cash Flow From Investing Activity -0.30-0.28-0.28-0.35-5.62-4.36-0.29-0.66-1.86-2.15
Capex -0.30-0.28-0.28-0.35-5.55-4.36-0.29-0.66-1.86-2.15
Net Investments 0000-0.0700000
Others 0000000000
Cash Flow From Financing Activity -0.75-0.47-2.37-2.912.421.93-8.564.192.89-3.94
Net Proceeds from Shares 1.9500000002.400
Net Proceeds from Borrowing -1.01-0.96-0.50-2.363.393.25-6.68000
Interest Paid -1.42-1.59-1.61-1.18-0.97-1.33-1.90-1.77-1.72-2.16
Dividend Paid 0000000000
Others -0.272.08-0.260.63000.015.952.21-1.78
Net Cash Flow -0.190.40-0.02-0.190.170.02-0.180.083.26-0.90
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.567.216.258.216.5814.567.7310.2912.3517.1
ROCE (%)13.513.9713.7413.1915.0613.8811.1911.6111.2215.39
Asset Turnover Ratio1.491.361.271.241.471.250.961.682.272.13
PAT to CFO Conversion(x)2.022.746.745.62.651.8711.12-3.041.171.43
Working Capital Days
Receivable Days729810911710397107594965
Inventory Days69676871435092695042
Payable Days60574266645984331114

REX Pipes and Cables Industries Ltd Stock News

REX Pipes and Cables Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of REX Pipes and Cables on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of REX Pipes and Cables stood at ₹71.35.
The latest P/E ratio of REX Pipes and Cables as of 01-Jan-1970 05:30 is 19.73.
The latest P/B ratio of REX Pipes and Cables as of 01-Jan-1970 05:30 is 2.68.
The 52-week high of REX Pipes and Cables is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of REX Pipes and Cables is ₹117.6 ( Cr.) .

About REX Pipes and Cables Industries Ltd

The company is engaged in the trading and production/manufacturing product range encompassing uPVC pipes, HDPE pipe, Cables, fittings and abundance of accessories under the brand name ‘REX’. The brand ‘REX’ is the hall mark showcasing the entire Product range. It has just taken a little over two decades for The Rex group of Industries to emerge as one of India's leading manufacturers in the field of PVC Pipes & Fittings and PVC insulated electrical wires. The company produces excellent Three Core flat cables , Single Core Flexible Home wire , Poly Wrapped Winding wire along with UPVC, HDPE and sprinklers with unique skills, continuous technological upgrading machines, professional management testing and persistent dedication without compromising on quality leading the entire organization to National and International name and reputation.

The company has emerged into a national entity as a complete innovation for its own type of manufactured products. It offer a wide range of PVC pipes, HDPE pipe, Cables classified in a systematic manner to ensure easy and accurate selection, with the simultaneous advantage of providing the most cost-effective solutions for customers. It has established itself as an innovative leader and quality manufacturer by continuously upgrading its technology, modernizing manufacturing facilities and maintaining highest standards of quality and services.

Business area of the company

Agriculture: The company is engaged in manufacturing insulated winding wire, 3 core flat cables and PVC & HDPE pipes.

Power: The company is engaged in manufacturing cables and low voltage power up to 1.1 KV in PVC categories meet the domestic and other global standards.

Construction: The company is also involved in manufacturing Flexible House wires and sell through dealer and distributor network.

Engineering: The company manufactured and supplied a vast range of screened cables to different semi government sectors and government projects through its distributors and dealers.

Key events and milestones

  • 2002: The company was Incorporated by taken over the existing running business of Kaler Electric Works.
  • 2009: 8000 Sq. Mtr. Industrial Land Allotted by RIICO for Manufacturer Unit at B-99, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2011: 4000 Sq. Mtr. Industrial Land Allotted by RIICO for Manufacturer Unit at E-106, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2011: Manufacture of PVC Pipe, HDPE Pipes, Cables at B-99, RIICO Industrial Growth Center, Palsana, Distt. Sikar ( Rajasthan).
  • 2012: 4000 Sq. Mtr. Industrial Land Allotted by RIICO for Manufacturer Unit at E-128, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2012: 4000 Sq. Mtr. Industrial Land Allotted by RIICO Ltd for Manufacturer Unit at E-129, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2017: Extension of HDPE Plant up to Size 650 MM at E-106, RIICO Industrial Growth Centre, Palsana, Distt.- Sikar (Rajasthan).
  • 2017: Establish New unit of Bus Body Manufacturing at Plot No. E-128 & E-129, RIICO Industrial Growth Centre, Palsana, Distt.- Sikar (Rajasthan).
  • 2018: Change of Name of the Company to “Rex Pipes and Cables Industries Private Limited”.
  • 2018: Conversion from Pvt. Ltd. to Public Limited and thereby change of Name of the Company to “Rex Pipes and Cables Industries Limited”.
  • 2018: Change of Objects of the Company.
  • 2018: Filing of draft prospectus for the Initial Public offer of the Company.
  • 2018: Establish Solar Grid Tied Power Plant up to capacity of 450 KWP at B-99, RIICO Industrial Growth Center, Palsana, Distt. Sikar ( Rajasthan).
  • 2019: Starting of production of Bus manufacturing.
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