BSE:526861

Stock Analysis Report

Executive Summary

Rishi Laser Limited manufactures and sells fabricated sheet metal components and machines in India.

Snowflake

Fundamentals

Proven track record and fair value.

Risks

  • Rishi Laser has significant price volatility in the past 3 months.
  • Rishi Laser is not covered by any analysts.

Share Price & News

How has Rishi Laser's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-13.3%

BSE:526861

-3.8%

IN Machinery

-2.9%

IN Market


1 Year Return

-40.2%

BSE:526861

-30.7%

IN Machinery

-15.9%

IN Market

526861 underperformed the Machinery industry which returned -30.7% over the past year.

526861 underperformed the Market in India which returned -15.9% over the past year.


Share holder returns

526861IndustryMarket
7 Day-13.3%-3.8%-2.9%
30 Day-12.6%-12.2%-5.7%
90 Day-20.0%-21.4%-11.0%
1 Year-40.2%-40.2%-29.6%-30.7%-14.1%-15.9%
3 Year-34.3%-34.3%-7.6%-11.1%15.7%9.5%
5 Year5.3%5.3%31.4%24.1%33.2%20.5%

Price Volatility Vs. Market

How volatile is Rishi Laser's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Rishi Laser undervalued based on future cash flows and its price relative to the stock market?

2.25x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Rishi Laser to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Rishi Laser to establish if it is available at substantial discount.


Price Based on Earnings

Rishi Laser is good value based on earnings compared to the IN Machinery industry average.

Rishi Laser is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Rishi Laser, we can't assess if its growth is good value.


Price Based on Value of Assets

Rishi Laser is good value based on assets compared to the IN Machinery industry average.


Next Steps

Future Growth

How is Rishi Laser expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Rishi Laser is high growth as no revenue estimate data is available.

Rishi Laser's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare Rishi Laser's revenue growth to the India market average as no estimate data is available.

Rishi Laser's earnings growth is positive but not above the India market average.

Rishi Laser's earnings growth is positive but not above the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Rishi Laser will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Rishi Laser performed over the past 5 years?

71.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Rishi Laser has delivered over 20% year on year earnings growth in the past 5 years.

Rishi Laser's 1-year earnings growth exceeds its 5-year average (841.5% vs 71.7%)

Rishi Laser's earnings growth has exceeded the IN Machinery industry average in the past year (841.5% vs 13.3%).


Return on Equity

Rishi Laser has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Rishi Laser used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Rishi Laser's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Rishi Laser's financial position?


Financial Position Analysis

Rishi Laser's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Rishi Laser's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Rishi Laser's level of debt (53.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (145.8% vs 53.1% today).

Debt is well covered by operating cash flow (74.3%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 0.2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.3x debt.


Next Steps

Dividend

What is Rishi Laser's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Rishi Laser's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Rishi Laser's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Rishi Laser has not reported any payouts.

Unable to verify if Rishi Laser's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Rishi Laser has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Rishi Laser's salary, the management and board of directors tenure and is there insider trading?

12.9yrs

Average board tenure


CEO

Harshad Patel (61yo)

11.3yrs

Tenure

₹11,508,000

Compensation

Mr. Harshad B. Patel has been Managing Director of Rishi Laser Ltd. (alternate name, Rishi Laser Cutting Ltd.) since April 1, 2008. Mr. Patel served as the Managing Director of Rishi Techtex Limited. Mr. P ...


CEO Compensation Analysis

Harshad's remuneration is higher than average for companies of similar size in India.

Harshad's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

12.9yrs

Average Tenure

The average tenure for the Rishi Laser board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Supriya Joshi

    Compliance Officer & Company Secretary

    • Tenure: 0.0yrs
    • Compensation: ₹1.17m
  • Harshad Patel (61yo)

    Chairman & MD

    • Tenure: 11.3yrs
    • Compensation: ₹11.51m
  • Ganesh Agrawal

    Chief Financial Officer

    • Tenure: 0.0yrs
    • Compensation: ₹2.93m
  • Vishal Desai

    Head of Human Resource

    • Tenure: 0.0yrs
  • Abhay Toshar

    Head of Operations for Southern Region

    • Tenure: 0.0yrs
  • Vinod Sharma

    Head of Operations for Northern Region

    • Tenure: 0.0yrs
  • M. Pandya

    Head of Operations for Gujarat

    • Tenure: 0.0yrs

Board Members

  • Harshad Patel (61yo)

    Chairman & MD

    • Tenure: 11.3yrs
    • Compensation: ₹11.51m
  • Dinesh Mehta

    Independent Director

    • Tenure: 12.9yrs
    • Compensation: ₹27.50k
  • Vasant Goray

    Independent Director

    • Tenure: 12.9yrs
    • Compensation: ₹27.50k
  • Sheela Ayyar (48yo)

    Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: ₹15.00k

Company Information

Rishi Laser Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rishi Laser Limited
  • Ticker: 526861
  • Exchange: BSE
  • Founded: 1992
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹138.349m
  • Shares outstanding: 9.19m
  • Website: https://www.rishilaser.com

Location

  • Rishi Laser Limited
  • 612, Veena Killedar Industrial Estate
  • 10/14 Pais Street
  • Mumbai
  • Maharashtra
  • 400011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526861BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2002

Biography

Rishi Laser Limited manufactures and sells fabricated sheet metal components and machines in India. It provides parts for excavating machines; and manufactures steel fabrications and assemblies for a range ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 12:39
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.