Available in Depository:
NSDL
CDSL
Available for Investment:
Primary
Secondary
RECOMMENDATION
Neutral
Business Type
Traditional Business
Discover and get complete analysis on Ring Plus Aqua upcoming IPO unlisted shares - Ring Plus Aqua Management, Business Model, Financials, Growth, Valuations, Funding Rounds, Ring Plus Aqua News and latest updates.
ISIN
INE093H01012
Face Value
₹10.00
Total Share
78,68,618
Total Income
₹203.69 Cr
Profit After Tax
₹22.52 Cr
EPS
₹29.03
P/E
13.09
P/B
2.08
Market Capitalisation
₹299.01 Cr
Enterprise Value
₹307.65 Cr
Book Value
₹182.57
Intrinsic Value
₹614.63
Earnings Yield
7.64 %
Sector
Materials
Sub-sector
Auto Parts
Category
Pre IPO
Cashflow - Operations
₹34.47 Cr
Cashflow - Financing
-₹2.80 Cr
Compounded Sales Growth
-5.24%
1 Year
-3.22%
3 Year
3.42%
5 Year
Compounded Profit Growth
25.21%
1 Year
-5.40%
3 Year
NA
5 Year
Return On Equity
15.67%
2021
37.65%
2019
16.32%
2017
The company has expressed no intentions of an initial public offering as of now.
Raymond has entered into an agreement for consolidation of the Tools & Hardware and Auto Components Businesses into JK Files (India) Limited ('JK Files'), a material wholly-owned subsidiary of the company. The auto components business being conducted by Ring Plus Aqua Limited ('RPAL'), a step-down subsidiary of Raymond Limited. The company shall enter into an agreement with JK Files, to transfer its entire shareholding in Scissors Engineering Products Limited ('SEPL'), a wholly-owned subsidiary of the company that holds the company's investment in RPAL.
Ring plus aqua will not witness any further restructuring in the near future due to JK Files raising funds through an IPO. This prevents RPAL from raising funds through an IPO, so investors will find it hard to take an exit from the stock, which makes the company fairly valued.
Acquisition
Ring Plus Aqua commands highest volume share of over 50% in the domestic passenger vehicle (“PV”) industry and over 45% in the domestic commercial vehicle (“CV”) industry in terms of supply to original equipment manufacturers (“OEMs”) for domestic production in Fiscal 2021. It is amongst the key players in the Ring Gears industry globally.
By leveraging long-term presence in tailor-made ring gears and long-standing relationships with OEMs and Tier-1 suppliers to OEMs, the business has been able to develop a strong presence in the manufacturing of Flexplates. RPAL is the sole domestic manufacturer of flexplates in India and catered to over 25% of the flexplates volume demand for PV domestic production in FY21.
Assets of the company as on 31st March 2021
Particulars | Amount in Cr. |
Buildings | 18.64 |
Plant & Equipment's | 53.50 |
Furniture & Fixtures | 0.22 |
Office Equipment's | 1.52 |
Computers | 0.35 |
Vehicles | 6.10 |
RECOMMENDATION
Neutral
Industry Statistics
PRIVATE LIMITED
Registered In
India
last Updated
12/01/2022
Registered Date
11/09/1986
Planify Ticker
RPAL
Reg Office: D-3/4, STICE, At post – Musalgaon, Tal-Sinnar, Dist. Nashik – 422112, India
Website: http://ringplusaqua.com/
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