raj oil mills ltd

7/30/2019 Raj Oil Mills Ltd

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LIVE TIPS RESEARCH

STOCK ANALYSIS:

RAJ OIL MILLS LTD

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Stock Analysis

Sector: Edible Oils Recommendation: BUY

CMP: Rs 63.40 Target: Rs. 70-90

Stop Loss: Rs.57

BSE: 533093 | NSE: RAJOIL | ISIN: INE294G01018

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ABOUT THE COMPANY:

Raj Oil Mills Limited (ROML) is engaged in the business of crushing and oil filtration with acapacity of 5000 tons per annum (TPA) and 30000 TPA respectively. The Company markets its

products under brands, such as Cocoraj (coconut oil), Cocoraj Cool (ayurvedic oil), Guinea

Groundnut Oil (double filtered oil), Guinea Lite Groundnut Oil (refined oil), Guinea Lite Sun-

flower Oil (refined oil), Guinea Lite Cottonseed Oil (refined oil), Guinea Lite Soyabean Oil

(refined oil), Tilraj Til Oil, Mustraj Mustard Oil and Cocoraj Jasmine.

These products are sold under three umbrella brands, namely, Cocoraj, Guinea and Raj. Cocoraj

brand is a brand in the coconut oil segment and caters to the cooking oil market. It sells a vari-ety of products, such as filtered groundnut oil, refined groundnut oil, soyabean oil, cotton seeds

oil under its Guinea brand. Through Raj brand, it caters to a market segment in the edible oil

market. Til oil and Mustard oil are the main products sold under Raj brand.

Stock Cues and Data:

Latest Price (INR) 63.40 52 Week (High-Low) 133.50(H) 56.55 (L)

1 Day Return% 6.00 1 Year Return% -SSS

Market Capitalization 229.56 Daily Vol (NSE) 105171

Free Float % 68 Beta 0.7595Total No of Shares 36010108 Face Value (INR) 10.00

TTM EPS 11.17 Book Value 39.16

TTM PE 14.12 Dividend Yield% -

BSE CODE 533093 NSE CODE RAJOIL

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Relative Performance (Comparison with Nifty)

SHAREHOLDING PATTERN (%):

53%

7%

17%

1%22%

Prom oter Ins titution s Corporate O thers Pub li c



STOCK OUTLOOK:

BUY RAJ OIL MILLS LTD @63.40 , TARGET TO Rs. 70-90

STOP LOSS: Rs. 57 ONE YEAR HOLDING

Quarterly Analysis:

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Quarterly Analysis

Particulars Dec-09 Dec-08 %CHNG

Total Sales 99.85 100.31 -0.46%

Total Expenditure 86.1 85.69 0.48%

PBIDT (Excl OI) 13.75 14.62 -5.95%

PAT 7.88 8.03 -1.87%

PBIDTM%(Excl OI) 13.77% 14.57% -5.52%

PATM% 7.89% 8.01% -1.42%

EPS (Rs) 2.19 2.23 -1.79%

PBIDTM% 14.33 14.57 -1.65%



Summary of Financial Statements: Ratio Analysis

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DEC-08 DEC-07 DEC-06

Inc / Exp Performance

Gross Sales 3177.56 2390.95 1199.9

Total Income 3178.33 2391.79 1200.51Total Expenditure 2655.41 2070.51 1071.83

PBIDT 522.91 321.28 128.68

Growth% 62.76 149.67 205.8

PBIT 512.61 313.34 121.35

PBT 452.99 284.07 104.5

PAT 296.19 181.52 67.24

Growth% 63.17 169.96 332.97

Cash Profit 306.49 189.46 74.57

Sources of Funds

Equity Paid Up265.1 184.9 85.2

Reserves and Surplus 738.24 249.58 97.76

Net Worth 1003.35 433.89 178.45

Total Debt 222.46 211.05 78.8

Capital Employed 1225.81 644.94 257.25

Application of Funds

Gross Block 231.62 210 152.03

Investments 0.25 0.25 1.75

Cash and Bank balance 13.51 24.38 15.59

Net Current Assets 931.13 454 138.19

Total Current Liabilities 379.94 274.08 185.74

Total Assets 1225.81 645.53 261.76

Cash Flow

Cash Flow from Operations -124.88 -75.02 38.46

Cash Flow from Investing activi-

ties-116.02 -90.55 -21.02

Cash Flow from Finance activities 230.03 174.36 -11.02

Free Cash flow 779.48 495.66 149.13

DEC '08 DEC '07 DEC '06

Key Ratios

Debt to Equity(x) 0.3 0.47 0.56

Current Ratio(x) 10.29 4.13 2.18

ROCE(%) 54.8 69.46 54.76

RONW(%) 41.22 59.29 47.38

PBIDTM(%) 16.46 13.44 10.72

PATM(%) 9.32 7.59 5.6

CPM(%) 9.65 7.92 6.21

EPS 11.17 9.82 7.89

Price / Book Value(x) 0 0 0

CEPS 11.56 10.25 8.75

Enterprise Value 208.95 186.67 63.22

Valuation Ratio

EV/Net Sales(x) 0.07 0.08 0.05

EV/EBITDA(x) 0.4 0.58 0.49

EV/EBIT(x) 0.41 0.6 0.52

EV/CE(x) 0.17 0.29 0.24



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ANALYST NAME: EMAIL ID: EXTN

Shine Pkurian [email protected] 124

Dhritiman Das [email protected] 124

Sharath Natesh [email protected]

Prakash Ramani [email protected]

raj oil mills ltd

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