Aug 16, 2024 04:01 PM
Rajoo Engineers Ltd
SECTOR : Engineering | BSE :522257 |
Q4FY24 Financial Highlights:
- Revenue from operations: Rs 52.68 crore; a decrease of 26.26% YoY from Q4FY23's Rs 71.43 crore.
- EBITDA (Excluding Other Income) Q4FY24: Rs 8.96 crore; up 38.45% from Q4FY23's Rs 6.47 crore.
- EBITDA Margin Q4FY24: 17.02%, an increase of 796 basis points YoY.
- PAT Q4FY24: Rs 7.08 crore; a growth of 31.35% from Q4 FY23's Rs 5.39 crore.
- PAT Margin Q4FY24: 13.45%, up by 590 basis points YoY.
FY24 Financial Highlights:
- Revenue from operations: Rs 197.35 crore; up 23.51% from FY23's Rs 159.79 crore.
- EBITDA (Excluding Other Income): Rs 26.68 crore; a significant growth of 90.35% from FY23's Rs 14.02 crore.
- EBITDA Margin: 13.52%; a boost of 475 basis points YoY.
- PAT: Rs 21.01 crore; an 82.86% increase from FY23's Rs 11.49 crore.
- PAT Margin: 10.65%, which is higher by 346 basis points from the previous fiscal year.
Strategic and Operational Developments:
- Successfully developed and unveiled India's first 9 layer blown film line for recyclable barrier film.
- Executed a high output sheet extrusion system for reputed clients such as Cosmo Films and Berry Global Inc.
- Acquired strategic land amounting to 28,000 sq. ft for future development and operational enhancements.
- Company executed a buyback of 9,42,300 equity shares at Rs 210/- per share.
Commenting on the Company’s performance, Khushboo Chandrakant Doshi, Managing Director, Rajoo Engineers said: We have closed the last quarter of FY24 on a strong note in terms of our operational efficiencies. During the fourth quarter, we registered a revenue of Rs 52.68 crore. EBITDA and PAT grew 38.45% and 31.35% YoY to Rs 8.96 crore and Rs 7.08 crore, respectively.
While delays in product lifting & dispatches hampered the quarter’s revenue, our intensive efforts bolstered by a larger sales team, to explore new territories helped increase revenue during the year. A revival in demand for sheet extrusion lines and thermoformers also helped boost growth. Improvements in capacity utilization & other operational efficiencies also helped improve margins.
This resurgence coincides with encouraging global capital expenditure trends within the industry. Over the past 18 months, the company has experienced a substantial uptick in both inquiries and orders, attributing to a surge in revenue during FY24. This positive momentum underscores the effectiveness of the company's strategic initiatives and highlights its ability to capitalize on emerging opportunities in the market."
Financials( ₹ in Cr) | Rajoo Engineers Ltd | Lakshmi Machine Works Ltd | Tega Industries Ltd | HMT Ltd | Azad Engineering Ltd |
---|---|---|---|---|---|
Price | 266.65 | 15,012.50 | 1,680.05 | 85.82 | 1,627.20 |
% Change | -1.55 | 1.84 | 0.32 | 0.20 | 2.16 |
Mcap ₹ Cr | 1,640.03 | 16,037.85 | 11,178.21 | 10,333.52 | 9,618.87 |
Revenue TTM ₹ Cr | 178.71 | 4,695.86 | 1,492.71 | 203.81 | 251.68 |
Net Profit TTM ₹ Cr | 11.49 | 373.66 | 193.86 | -122.90 | 8.47 |
PE TTM | 136.74 | 55.09 | 53.41 | 0.00 | 140.96 |
1 Year Return | 879.61 | 12.97 | 73.54 | 191.41 | 140.18 |
ROCE | 14.55 | 17.22 | 19.19 | 0.00 | 15.86 |
ROE | 11.06 | 14.82 | 17.30 | 0.00 | 5.23 |
Equity Capital: 108.90 Cr FV: 1.00
Period | MF Net Purchase / (sold) | FII Net |
---|---|---|
LAST 1M | 37,516.17 | -14,555.25 |
LAST 3M | 90,902.40 | 37,557.41 |
LAST 6M | 198,345.87 | 43,710.77 |
LAST 12M | 329,168.77 | 54,053.10 |
Date | Action Type | Ratio |
---|---|---|
Aug 08, 2024 | Bonus | 1:1 |
Sep 15, 2023 | Dividend | 35 |
Sep 15, 2022 | Dividend | 25 |
Headquarter in Junagadh, Gujarat, Rajoo Engineers Limited is a renowned name in the industrial machinery industry and has a market capitalisation of Rs. 181 crores as of 28th March 2022. It was incorporated on 8th December 1986 as a private limited company. Five years after its incorporation, it was converted into a public limited company in 1992 through a special resolution. The company's net income was Rs. 3.29 crores as of December 31st, 2021. The company's shares are traded on the Bombay Stock Exchange under the scrip name RAJOOENG.
The company is into designing, manufacturing, and selling post extrusion and plastic processing equipment in both the domestic and global markets. Its product portfolio includes Multifoil, Dispocon, Lamex, Aqua Flex, Heptafoil, Pentafoil, and many more. The company also offers field services, extrusion hints, training, technical assistance, spare parts, and troubleshooting service. The products and services offered by them are used in a variety of industries, including automotive, pharmaceutical, agriculture, food and beverage, packaging, and so on. The two major clients of this company are Reliance Industries and UFLEX Limited.
The company has performed quite well over the previous few years. Rajoo Engineers' revenue has increased at an annual rate of 8.05% during the last five years and has surged to Rs 37 crores in the second quarter of 2021-22. In the same quarter, the net profit increased to 3.35 crores. However, indicating a minor downturn, profit fell by 0.30% in Q3. Take a look at the company's product-revenue mix for understanding its financial affairs better.
Post extrusion equipment accounts for 67.8% of the company's revenue. The other 19.8% of the revenue come from thermoplastic extrusion plants and 12.4% from other products. In terms of location, it earns 47.4% of its revenue from India and 49.4% the from the international market.
Rajoo Engineers' share price today, on March 28, 2022, was trading at Rs. 30.25. The past 52 weeks' high of Rajoo's share price was recorded at Rs. 44.90. Whereas the 52 weeks lowest price of the Rajoo share price was Rs. 18.30. Some of the notable peers of Rajoo Engineers are Cummins India Ltd., Thermax Ltd., and Grindwell Norton Ltd.
Disclaimer:-ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.
Junagadh Road, Manavadar, Junagadh, Gujarat, 362630
Tel | : | 91-97129-62704/52701/32706 |
: | relmvr:rajoo.com | |
Website | : | http://www.rajoo.com |
Link Intime India Pvt Ltd
AGM Date (Month) | : | Sep |
Face Value Equity Shares | : | 1 |
Market Lot Equity Shares | : | 1 |
BSE Code | : | 522257 |
NSE Code | : | |
Book Closure Date (Month) | : | Sep |
BSE Group | : | XT |
ISIN | : | INE535F01024 |
You can buy Rajoo Engineers Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Rajoo Engineers Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 16, 2024 04:01 PM the closing price of Rajoo Engineers Ltd was Rs.266.65.
The latest PE ratio of Rajoo Engineers Ltd as of Aug 16, 2024 04:01 PM is 136.74
The latest PB ratio of Rajoo Engineers Ltd as of Aug 16, 2024 04:01 PM is 0.04
The 52-week high of Rajoo Engineers Ltd share price is Rs. 299.60 while the 52-week low is Rs. 26.55
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 Aug 16, 2024 04:01 PM, the market cap of Rajoo Engineers Ltd stood at Rs. 1,640.03 Cr.