Monday, June 16, 2014

Richa Industries Ltd: Brokerage Report
CMP: Rs.22.30

Shareholding Pattern: The promoters hold 57.38% while the general public holds 42.38% of the shares of the company. The promoters hold controlling stake in the company. In the general category, the corporate bodies hold 4.09% of the shares of the company.

Financials: For FY14, it came out with a net income of Rs.277.54 Cr as against Rs.271.43 Cr in the same period previous year. However the net profit dipped to Rs.9.41 Cr in FY14, as against Rs.13.3 Cr in the same period previous year. The EPS of the company for FY14 came out to be Rs.4 as against Rs.7.89 in the same period previous year. Both the net and operating profit margins remained flat on Y-o-Y basis in FY14. 

For Q4FY14, the total income of the company came out to be Rs.75.70 Cr as against Rs.63.05 Cr in the same period previous year. The net profit of the company came out to be Rs.2.13 Cr as against Rs.11.73 Cr in the same period previous year. The EPS of the company dipped to Rs.96 as against Rs.6.93 in the same period previous year. The net and operating profit margins also dipped due to difficult business environment. However, this is expected to change as new government took to powers in New Delhi. 
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