Rex Sealing and Packing Industries Ltd - Stock Valuation and Financial Performance

BSE: 543744 | NSE: | Rubber Products | Small Cap

Rex Sealing and Pkg Share Price

93.25 -1.75 -1.84%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Rex Sealing and Pkg

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Rex Sealing and Packing Industries stock performance -

mw4me loader
P/E Ratio (SA):
66.87
Market Cap:
21.1 Cr.
52-wk low:
84.6
52-wk high:
151.8

Is Rex Sealing and Packing Industries Ltd an attractive stock to invest in?

1. Is Rex Sealing and Packing Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rex Sealing and Packing Industries Ltd is a below average quality company.

2. Is Rex Sealing and Packing Industries Ltd undervalued or overvalued?

The key valuation ratios of Rex Sealing and Packing Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rex Sealing and Packing Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rex Sealing and Packing 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 Sealing and Pkg:

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 Sealing and Packing 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'20Mar'21Mar'22Mar'23TTM
ROCE % 13%5.9%4.5%4.6%-
Value Creation
Index
-0.1-0.6-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20.117.121.125.125
Sales YoY Gr.--14.6%23%19.1%-
Adj EPS 5.81.70.21.11.4
YoY Gr.--70.5%-87.1%400%-
BVPS (₹) 38.240.17.156.556.5
Adj Net
Profit
1.10.30.30.20
Cash Flow from Ops. 2.61.6-0.4-1.1-
Debt/CF from Ops. 1.72.1-8.7-1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA7.8%19.1%
Adj EPS NANA-42.5%400%
BVPSNANA14%696.2%
Share Price - - - -30.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.14.33.22.42.5
Op. Profit
Mgn %
12.47.65.44.3NAN
Net Profit
Mgn %
5.51.91.211.3
Debt to
Equity
0.60.40.50.1-
Working Cap
Days
02332001980
Cash Conv.
Cycle
01541311170

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 2.50%

Sales growth has been subdued in last 3 years 7.77%

Net Profit has been subdued in last 3 years -42.45%

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

Latest Financials - Rex Sealing and Packing Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.4 -
TTM Sales (₹ Cr.) 25.1 -
BVPS (₹.) 56.5 -
Reserves (₹ Cr.) 10 -
P/BV 1.68 -
PE 66.87 -
From the Market
52 Week Low / High (₹) 84.60 / 151.75
All Time Low / High (₹) 84.60 / 195.00
Market Cap (₹ Cr.) 21.1
Equity (₹ Cr.) 2.2
Face Value (₹) 10
Industry PE 31.6

Management X-Ray of Rex Sealing and Pkg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rex Sealing and Pkg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales20.0617.1421.0825.11
Operating Expenses 17.5715.8519.9524.04
Manufacturing Costs1.881.531.381.79
Material Costs12.0110.3213.5417.04
Employee Cost 1.421.153.363.85
Other Costs 2.262.851.671.37
Operating Profit 2.491.301.131.07
Operating Profit Margin (%) 12.4%7.6%5.3%4.3%
Other Income 0.120.120.080.35
Interest 0.590.490.380.49
Depreciation 0.480.390.340.41
Exceptional Items 0000
Profit Before Tax 1.540.530.490.53
Tax 0.410.160.200.21
Profit After Tax 1.130.370.290.32
PAT Margin (%) 5.6%2.1%1.4%1.3%
Adjusted EPS (₹)5.91.90.31.4
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7.337.708.1812.55
Share Capital 0.320.321.922.22
Reserves 7.017.386.2610.33
Minority Interest0000
Debt4.193.243.731.11
Long Term Debt0.200.0500.87
Short Term Debt43.193.730.24
Trade Payables1.461.461.952.98
Others Liabilities 0.350.530.230.78
Total Liabilities 13.3312.9214.0917.42

Fixed Assets

Gross Block6.666.825.956.89
Accumulated Depreciation4.614.974.144.55
Net Fixed Assets2.061.851.812.33
CWIP 0000
Investments 0000
Inventories4.635.095.576.32
Trade Receivables4.503.524.724.67
Cash Equivalents 0.220.220.050.07
Others Assets1.932.251.934.03
Total Assets 13.3312.9214.0917.42

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.621.61-0.44-1.12
PBT 1.540.530.490.53
Adjustment 1.020.870.600.88
Changes in Working Capital 0.620.59-1.25-2.14
Tax Paid -0.56-0.38-0.28-0.38
Cash Flow From Investing Activity -0.19-0.15-0.130.24
Capex -0.17-0.19-0.63-0.93
Net Investments -0.030.0200
Others 0.010.010.501.18
Cash Flow From Financing Activity -2.42-1.450.400.89
Net Proceeds from Shares 0004.05
Net Proceeds from Borrowing 00-0.050.87
Interest Paid -0.56-0.460-0.49
Dividend Paid 0000
Others -1.86-0.980.45-3.54
Net Cash Flow 0.010.02-0.160.02
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.464.93.73.04
ROCE (%)18.198.997.547.92
Asset Turnover Ratio1.51.311.561.59
PAT to CFO Conversion(x)2.324.35-1.52-3.5
Working Capital Days
Receivable Days82857168
Inventory Days841039286
Payable Days44524653

Rex Sealing and Packing Industries Ltd Stock News

Rex Sealing and Packing Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rex Sealing and Pkg on 28-Mar-2024 16:01 is ₹93.25.
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 28-Mar-2024 16:01 the market cap of Rex Sealing and Pkg stood at ₹21.09.
The latest P/E ratio of Rex Sealing and Pkg as of 28-Mar-2024 16:01 is 66.87.
The latest P/B ratio of Rex Sealing and Pkg as of 28-Mar-2024 16:01 is 1.68.
The 52-week high of Rex Sealing and Pkg is ₹151.8 and the 52-week low is ₹84.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rex Sealing and Pkg is ₹25.11 ( Cr.) .

About Rex Sealing and Packing Industries Ltd

The company was incorporated as Rex Sealing and Packing Industries Private Limited on August 10, 2005 under the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra. The status of the Company was changed to Public limited and the name of the Company was changed to Rex Sealing and Packaging Industries Limited vide Special Resolution dated April 07, 2022. The fresh certificate of incorporation consequent to conversion was issued on August 01, 2022 by the Registrar of Companies, Mumbai, Maharashtra.

The company is a manufacturer and exporter of Sealing packing and Insulation products including Jointing Sheets, Fabric Expansion Joints, Gland packing & Ropes, High Temperature resistant textiles, Ceramic Fiber Product etc. Its business was initiated in the Year 1963 by its founding Promoter, Manjunath Nayak under the name Rex Industries for manufacturing of Gland Packing. Initially, the company started as a manufacturing business at a very small scale. Thereon, in the Year 1997, the business was further expanded by second generation of the family, Niranjan Nayak and later joined by Naresh Nayak in the Year 2001. Further, with a vision to corporatize its business and cater to the organized players in the markets, the company was incorporated in the Year 2005.

The company is an ISO 9001 & 14001 Certified company. It follows British Standard (BS), Deutsches Institut fur Normung (DIN) - German Standard, ASTM (American Standard), and American Standard Soc of Mechanical Engineers (ASME) quality standards for its range of products. The company’s diversified products include four major categories: Compressed Fibre Jointing Sheets / Gaskets; Gland Packing & Ropes; Fabric Expansion Joints; Technical and Heat Resistance Textiles; and Ceramic Fiber Product.

All its products are manufactured in-house at its manufacturing facilities located in Plot No.44, MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad, which enables it to have an effective control over the manufacturing process and to ensure consistent quality of its products. The company’s manufacturing unit is strategically located at Panvel providing it with strategic and operational advantages and has a well-equipped laboratory, modern technology and testing equipments with supporting environment and facilities, to ensure that the products conform to the pre-determined standards.

Business area of the company

The company is a quality driven, environment friendly modern, hi-tech enterprise specialized in manufacturing industrial sealing and packing products. Its fineness range of products is result of rigorous sculpture engineering using state-of-the-art technology and quality raw materials. Its most advanced machines and testing facilities make its product robust enough to work under the most severe conditions which not only thoroughly satisfy the requirements of its every single client but also prove to be economical.

Major Events / Milestone / Achievements

  • 2005: Incorporation of the Company as Rex Sealing And Packing Industries Private Limited.
  • 2008: Commenced Manufacturing of Gaskets at Manufacturing Unit located at Taloja Industrial Area.
  • 2009: Commenced Manufacturing of Fabric Expansion Joints at Manufacturing Unit located at Taloja Industrial Area.
  • 2012: Turnover of the Company crossed Rs 10 crore mark.
  • 2018: Turnover of the Company crossed Rs 20 crore mark.
  • 2022: Conversion from Private Company to Public Limited Company.
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