During the latest quarter, RDB Rasayans reported net sales of ₹34.09 crores, marking the highest quarterly figure recorded by the company. Operating profit to net sales ratio also reached a peak at 23.91%, while PBDIT stood at ₹8.15 crores. Profit before tax excluding other income was ₹7.84 crores, and net profit after tax was ₹11.10 crores. Earnings per share for the quarter were ₹6.27, the highest in recent periods. Additionally, the company’s return on capital employed (ROCE) for the half-year was recorded at 19.02%, indicating efficient capital utilisation during this timeframe.
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However, the half-year data presents a more nuanced picture. Net sales for the latest six months stood at ₹62.08 crores, showing a contraction compared to previous periods. Cash and cash equivalents were at a low of ₹9.86 crores, and the debtors turnover ratio was recorded at 6.63 times, the lowest in recent history. Non-operating income constituted 47.17% of profit before tax for the quarter, indicating a significant portion of earnings derived from sources outside core operations. These factors contribute to a complex financial landscape for RDB Rasayans, balancing strong quarterly performance against some half-year challenges.
In terms of market performance, RDB Rasayans’ stock price closed at ₹161.90, up 1.22% on the day, with a trading range between ₹157.60 and ₹165.85. The stock’s 52-week high and low are ₹189.45 and ₹96.00 respectively. When compared to the Sensex, the stock has outperformed over longer horizons, with a 10-year return of 555.47% versus Sensex’s 232.28%. However, shorter-term returns show mixed results, including a 1-month return of -0.89% against Sensex’s 0.86% and a year-to-date return of 2.15% compared to Sensex’s 8.36%.
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RDB Rasayans’ recent financial trend adjustment reflects a positive revision in its quarterly performance parameters, particularly in profitability and operational efficiency. Yet, the half-year figures and liquidity indicators suggest areas requiring attention. Investors analysing this packaging sector stock should consider both the quarterly highs and the broader half-year context when evaluating the company’s financial health and market position.
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