Loading...

Rockon Enterprises

BSE:531447
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
531447
BSE
₹21M
Market Cap
  1. Home
  2. IN
  3. Retail
Company description

Rockon Enterprises Limited primarily engages in the commodity trading business in India. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
531447 Share Price and Events
7 Day Returns
0%
BSE:531447
0.9%
IN Retail Distributors
4.1%
IN Market
1 Year Returns
-23.5%
BSE:531447
-20.8%
IN Retail Distributors
-0%
IN Market
531447 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rockon Enterprises (531447) 0% 0% - -23.5% - -73.4%
IN Retail Distributors 0.9% -0.9% -2.6% -20.8% -23.8% 5.8%
IN Market 4.1% -0% 7.7% -0% 35.1% 47.5%
1 Year Return vs Industry and Market
  • 531447 underperformed the Retail Distributors industry which returned -20.8% over the past year.
  • 531447 underperformed the Market in India which returned -0% over the past year.
Price Volatility
531447
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rockon Enterprises to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rockon Enterprises.

BSE:531447 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:531447
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.818 (1 + (1- 35%) (52.44%))
1.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.065 * 8.6%)
16.71%

Discounted Cash Flow Calculation for BSE:531447 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rockon Enterprises is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:531447 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.71%)
2019 6.46 Est @ 5.57% 5.53
2020 6.85 Est @ 6.16% 5.03
2021 7.30 Est @ 6.58% 4.59
2022 7.81 Est @ 6.87% 4.21
2023 8.36 Est @ 7.07% 3.86
2024 8.96 Est @ 7.22% 3.55
2025 9.62 Est @ 7.32% 3.26
2026 10.33 Est @ 7.39% 3.00
2027 11.10 Est @ 7.44% 2.76
2028 11.92 Est @ 7.47% 2.54
Present value of next 10 years cash flows ₹38.34
BSE:531447 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹11.92 × (1 + 7.55%) ÷ (16.71% – 7.55%)
₹140.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹140.03 ÷ (1 + 16.71%)10
₹29.87
BSE:531447 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹38.34 + ₹29.87
₹68.20
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹68.20 / 16.52
₹4.13
BSE:531447 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹4.13
Current discount Discount to share price of ₹1.30
= -1 x (₹1.30 - ₹4.13) / ₹4.13
68.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Rockon Enterprises is available for.
Intrinsic value
>50%
Share price is ₹1.3 vs Future cash flow value of ₹4.13
Current Discount Checks
For Rockon Enterprises to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rockon Enterprises's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rockon Enterprises's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rockon Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rockon Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:531447 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹-1.29
BSE:531447 Share Price ** BSE (2019-04-22) in INR ₹1.3
India Retail Distributors Industry PE Ratio Median Figure of 68 Publicly-Listed Retail Distributors Companies 32.94x
India Market PE Ratio Median Figure of 2,789 Publicly-Listed Companies 15.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rockon Enterprises.

BSE:531447 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531447 Share Price ÷ EPS (both in INR)

= 1.3 ÷ -1.29

-1.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rockon Enterprises is loss making, we can't compare its value to the IN Retail Distributors industry average.
  • Rockon Enterprises is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Rockon Enterprises's expected growth come at a high price?
Raw Data
BSE:531447 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Retail Distributors Industry PEG Ratio Median Figure of 20 Publicly-Listed Retail Distributors Companies 1.3x
India Market PEG Ratio Median Figure of 554 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Rockon Enterprises, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rockon Enterprises's assets?
Raw Data
BSE:531447 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹8.76
BSE:531447 Share Price * BSE (2019-04-22) in INR ₹1.3
India Retail Distributors Industry PB Ratio Median Figure of 100 Publicly-Listed Retail Distributors Companies 1x
India Market PB Ratio Median Figure of 3,644 Publicly-Listed Companies 1.06x
BSE:531447 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531447 Share Price ÷ Book Value per Share (both in INR)

= 1.3 ÷ 8.76

0.15x

* Primary Listing of Rockon Enterprises.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rockon Enterprises is good value based on assets compared to the IN Retail Distributors industry average.
X
Value checks
We assess Rockon Enterprises's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Retail Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Retail Distributors industry average (and greater than 0)? (1 check)
  5. Rockon Enterprises has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rockon Enterprises has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected Retail Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rockon Enterprises expected to grow at an attractive rate?
  • Unable to compare Rockon Enterprises's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rockon Enterprises's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Rockon Enterprises's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:531447 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
Global Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:531447 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:531447 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 19 -17
2018-12-31 26 -21
2018-09-30 26 -10
2018-06-30 25 0
2018-03-31 33 6 1
2017-12-31 18 -2
2017-09-30 19 -2
2017-06-30 48 -4
2017-03-31 48 3 4
2016-12-31 78 -7
2016-09-30 82 -12
2016-06-30 58 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rockon Enterprises is high growth as no earnings estimate data is available.
  • Unable to determine if Rockon Enterprises is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:531447 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rockon Enterprises Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531447 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31
2018-12-31 -1.29
2018-09-30 -0.63
2018-06-30
2018-03-31 0.06
2017-12-31
2017-09-30
2017-06-30
2017-03-31 0.24
2016-12-31 -0.43
2016-09-30 -0.70
2016-06-30 -0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rockon Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Rockon Enterprises is trading at Rockon Enterprises'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Rockon Enterprises's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Rockon Enterprises's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Rockon Enterprises's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rockon Enterprises has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Rockon Enterprises performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rockon Enterprises's growth in the last year to its industry (Retail Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rockon Enterprises does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Rockon Enterprises's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Rockon Enterprises's 1-year growth to the IN Retail Distributors industry average as it is not currently profitable.
Earnings and Revenue History
Rockon Enterprises's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rockon Enterprises Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531447 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 18.86 -17.42 0.86
2018-12-31 25.62 -21.31 0.88
2018-09-30 25.75 -10.39 0.76
2018-06-30 24.78 -0.38 0.86
2018-03-31 33.35 1.00 0.79
2017-12-31 18.41 -2.37 0.73
2017-09-30 19.02 -2.16 0.95
2017-06-30 47.73 -4.23 1.02
2017-03-31 48.26 3.92 1.24
2016-12-31 77.81 -6.79 1.66
2016-09-30 81.75 -11.53 1.52
2016-06-30 57.58 -5.34 1.50
2016-03-31 42.78 -4.52 1.47
2015-12-31 48.97 -10.41 1.67
2015-09-30 54.54 -5.68 1.72
2015-06-30 58.04 -7.80 1.21
2015-03-31 66.51 -10.08 1.06
2014-12-31 81.20 3.52 1.30
2014-09-30 72.54 -1.86 1.11
2014-06-30 71.89 0.15 0.77
2014-03-31 73.87 -0.96 1.28
2013-12-31 33.98 -8.95 1.15
2013-09-30 45.48 3.91 1.54
2013-06-30 48.08 -8.18 1.30
2013-03-31 34.72 -5.42 1.81
2012-12-31 34.17 -0.41 2.25
2012-09-30 48.13 -8.99 2.16
2012-06-30 60.46 1.61 2.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Rockon Enterprises has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Rockon Enterprises has efficiently used its assets last year compared to the IN Retail Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Rockon Enterprises improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Rockon Enterprises's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Retail Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rockon Enterprises has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Rockon Enterprises's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rockon Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rockon Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rockon Enterprises's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rockon Enterprises's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rockon Enterprises Company Filings, last reported 1 month ago.

BSE:531447 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 141.03 11.26 8.75
2018-12-31 144.66 10.45 1.51
2018-09-30 144.66 10.45 1.51
2018-06-30 157.82 10.45 1.00
2018-03-31 157.82 10.45 1.00
2017-12-31 156.02 10.59 0.39
2017-09-30 156.02 10.59 0.39
2017-06-30 156.56 10.14 24.26
2017-03-31 157.62 10.14 9.91
2016-12-31 153.68 0.30 1.67
2016-09-30 153.68 0.30 1.67
2016-06-30 156.42 0.00 23.98
2016-03-31 156.42 0.00 23.98
2015-12-31 165.21 0.00 0.14
2015-09-30 165.21 0.00 0.14
2015-06-30 160.94 0.00 4.26
2015-03-31 160.94 0.00 20.73
2014-12-31 170.89 0.00 0.53
2014-09-30 170.89 0.00 0.53
2014-06-30 171.01 0.00 4.03
2014-03-31 171.01 0.00 29.15
2013-12-31 172.75 0.01 0.30
2013-09-30 172.75 0.01 0.30
2013-06-30 171.97 0.00 0.88
2013-03-31 171.98 0.00 0.88
2012-12-31 168.84 0.00 0.25
2012-09-30 168.84 0.00 0.25
2012-06-30
  • Rockon Enterprises's level of debt (8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Rockon Enterprises has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Rockon Enterprises has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -103% per year.
X
Financial health checks
We assess Rockon Enterprises's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rockon Enterprises has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Rockon Enterprises's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Rockon Enterprises dividends.
If you bought ₹2,000 of Rockon Enterprises shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Rockon Enterprises's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rockon Enterprises's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:531447 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1404 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Rockon Enterprises has not reported any payouts.
  • Unable to verify if Rockon Enterprises's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rockon Enterprises's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rockon Enterprises 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.
X
Income/ dividend checks
We assess Rockon Enterprises's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rockon Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rockon Enterprises has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tanu Giriraj Agarwal
COMPENSATION ₹0
AGE 50
CEO Bio

Mrs. Tanu Giriraj Kishor Agarwal, B.Sc serves as Chairman, Chief Executive Officer and Investor Relation Officer at Rockon Enterprises Limited and has been its Managing Director since August 1, 2018. Mrs. Agarwal has been an Executive Director of Rockon Enterprises Limited since August 1, 2018 and was its Whole Time Director from July 24, 2010 to August 1, 2018. She served as Compliance Officer of Rockon Enterprises Limited since May 2018. She served as the Chief Financial Officer of Five X Finance and Investment Limited from July 21, 2014 to February 9, 2016 and as Compliance Officer until February 9, 2016. Mrs. Agarwal served as Compliance Officer of Proaim Enterprises Limited until July 6, 2018. She served as the Chief Financial Officer and Compliance Officer of Proaim Enterprises Limited. Mrs. Agarwal served as Compliance Officer of Five X Tradecom Limited since January 2017. She previously served as Compliance Officer of Rockon Enterprises Limited since January 16, 2017. Mrs. Agarwal served as Compliance Officer of Axon Ventures Limited. Mrs. Agarwal served as Compliance Officer of Five X Tradecom Limited until February 9, 2016. She served as Promoter Executive Director at Banas Finance Limited from June 2, 2010 to September 3, 2014. She served as Chairman of Five X Tradecom Limited. She served as Chairman of Proaim Enterprises Limited until July 6, 2018. Mrs. Agarwal serves as the Chairman and Non-Executive Director of Five X Finance and Investment Limited. She served as a Director of Proaim Enterprises Limited from May 28, 2016 to July 6, 2018. She has been a Director at Banas Finance Limited since October 13, 2016. She serves as a Director of Rockon Fintech Ltd, Five XFinance & Investment Ltd., Kayaguru Health Solutions Private Ltd., Kayaguru Insurance Broker Private Ltd., Kayaguru Wellness Private Ltd., Handful Investrade Pvt. Ltd. She has been Additional Non-Executive Director of Axon Ventures Limited since October 13, 2016 and serves as Managing Director since March 01, 2019. She served as a Director of Five X Tradecom Limited from March 24, 2010 to 14th August, 2018. She has been Non Executive Non Independent Director of Tilak Ventures Ltd. since October 13, 2016 and served as its Non-Executive Director from June 2, 2010 to January 24, 2014. She served as a Director of Shriniwas Power & Infrastructure Limited from September 15, 1994 to September 6, 2009. She served as a Non-Executive Director of Socrus Bio Sciences Limited until September 25, 2009. She served as Independent Director at Esaar (India) Limited from July 26, 2010 to March 18, 2011. She served as Whole Time Director of Proaim Enterprises Limited from September 22, 2009 to May 28, 2016. She served as Non Executive Independent Director at Shree Nath Commercial & Finance Ltd since September 22, 2009 and served as its Non-Executive Director from August 24, 2010 to January 23, 2014. She holds B.Sc.

CEO Compensation
  • Insufficient data for Tanu Giriraj to compare compensation growth.
  • Tanu Giriraj's remuneration is lower than average for companies of similar size in India.
Management Team

Tanu Giriraj Agarwal

TITLE
Chairman
AGE
50

Gaurang Chauhan

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Ranjan Patel

TITLE
Company Secretary & Compliance officer
AGE
29
Board of Directors Tenure

Average tenure and age of the Rockon Enterprises board of directors in years:

2.6
Average Tenure
38
Average Age
  • The average tenure for the Rockon Enterprises board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tanu Giriraj Agarwal

TITLE
Chairman
AGE
50

Hardikkumar Kabariya

TITLE
Independent Non-Executive Director
AGE
25
TENURE
3 yrs

Girraj Agrawal

TITLE
Non Independent Director
AGE
54
TENURE
2.6 yrs

Jyotsana Bhatt

TITLE
Non-Executive Independent Director
COMPENSATION
₹45K
AGE
26
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Rockon Enterprises's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rockon Enterprises has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Rockon Enterprises Limited primarily engages in the commodity trading business in India. The company operates through two segments, Commodity Trading and Finance. It is also involved in the share trading, finance, and investment activities. The company was formerly known as Rockon Fintech Limited and changed its name to Rockon Enterprises Limited in October 2015. Rockon Enterprises Limited was incorporated in 1976 and is based in Mumbai, India.

Details
Name: Rockon Enterprises Limited
531447
Exchange: BSE
Founded: 1976
₹21,472,997
16,517,690
Website: http://www.rockonfintech.com
Address: Rockon Enterprises Limited
E-109, Crystal Plaza,
New Link Road,
Mumbai,
Maharashtra, 400053,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531447 Equity Shares Mumbai Stock Exchange IN INR 11. Feb 2009
Number of employees
Current staff
Staff numbers
7
Rockon Enterprises employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 12:31
End of day share price update: 2019/04/22 00:00
Last earnings filing: 2019/05/20
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.