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RATING

RECOMMENDATION

Strong Buy

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RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

  • Ring Plus Aqua Growth

Get detailed information about the Ring Plus Aqua Peer Comparison. In this research report, you will get to know about Ring Plus Aqua IPO, Key Ratios data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Ring Plus Aqua Revenue Growth

Growth in %

  • -3.34%

    1 Year

  • -3.08%

    3 Year

  • 3.63%

    5 Year

The company has managed with just a marginal drop in revenues during the FY21. The COVID-19 pandemic raging across the world and enforced lockdown in India and in most parts of the world, impacted normal life and the discretionary consumption. This impacted severely the automotive demand for passenger cars and commercial vehicles across the globe as well as the non- automotive demand. As a result, sales of the company got impacted as these are key segments in which the company operates. Overall the company ended just short of 3% of Income compared to earlier year despite the setback at start of financial year. 

Ring Plus Aqua Net Profit Growth(PAT)

Growth in %

  • 25.21%

    1 Year

  • -5.40%

    3 Year

  • NA

    5 Year

The company focused on operational excellence, relentless cost reduction measures, lean manufacturing practices and improvised supply chain management with tight control on working capital this helped the company to book higher net profit in FY21 compared to FY20. Total revenue per unit of expense has also risen from 1.20 to 1.24 which indicates efficient control over the resources.

Ring Plus Aqua EPS Growth

Growth in %

  • 25.24%

    1 Year

  • -5.39%

    3 Year

  • NA

    5 Year

  • Ring Plus Aqua Book Value Growth

Growth in %

  • 16.80%

    1 Year

  • 30.19%

    3 Year

  • 26.91%

    5 Year

The company's book value has increased greatly as a result of its capacity to grow overall profits, which has pushed up the company's retained earnings and so boosted the total book value. The company's retained earnings have climbed by 21%, while the book value has increased by 16.8% on average.

Ring Plus Aqua EBITDA Growth

Growth in %

  • 12.11%

    1 Year

  • -3.82%

    3 Year

  • 49.36%

    5 Year

The rise in EBITDA is mostly due to lower expenses compared to the prior year. The company's closing inventory has climbed by 42 percent, lowering the company's spending for FY21 as well as the employee benefit expense, which has decreased by 15%. Although operating costs increased by 4%, this was not enough to boost the company's overall expenses. As a result, the company's costs decreased by 7%. EBITDA increased by 12% compared to the prior year.

Ring Plus Aqua Operating Profit Growth

Growth in %

  • 13.50%

    1 Year

  • -8.04%

    3 Year

  • NA

    5 Year

Ring Plus Aqua Asset Growth

Growth in %

  • 19.28%

    1 Year

  • 16.53%

    3 Year

  • 7.29%

    5 Year

The total assets of the company grew by 19%, which was primarily due to increase in the current assets which grew by 49%. As in FY21 the company had given an unsecured loan to Raymond Limited, the ultimate holding company, which amount to Rs 50 Cr against only Rs 1.5 Cr in FY20. Increasing the overall asset base of the company.

Ring Plus Aqua Cash Flow from Operations

Growth in %

  • -13.50%

    1 Year

  • 0.06%

    3 Year

  • 22.37%

    5 Year

The net cash flow from operations fell by 13% in FY21 primarily because of the working capital adjustment. The total payable of the company increased by Rs 19. Cr against a decrease in the payable by Rs 16 Cr in previous year. Inventories of the company have gone up by Rs 16 Cr, which was a result of lower footfall in the commodities sold and the higher tax paid amount in FY21, which was Rs 7 Cr against Rs 5 Cr in FY20, resulting in the fall in cash flow from operations.

  • Ring Plus Aqua Solvency Ratios

Ring Plus Aqua D/E Ratio

The D/E ratio decreases due to decrease in the total debt of the company as the company is mostly financing their working capital needs with their retained earnings rather than debt, which increased the total equity of the company, further reducing the debt to equity ratio of the company.

Ring Plus Aqua Current Ratio

The current ratio increased due to the increase in current assets, which is because of the increase in unsecured loans given to Raymond Apparel Ltd. Current assets increased by 49%, against a 27% increase in current liabilities.

Ring Plus Aqua Quick Ratio

The impact of inventory on current is insignificant, as current assets will expand by 49% even if inventories are excluded, therefore the growth in the quick ratio is mostly attributable to the same cause as the rise in the current ratio.

Ring Plus Aqua Interest Coverage Ratio

The company's interest coverage ratio has decreased primarily as a result of an increase in current borrowing, which raised the interest amount compared to the previous year, resulting in a decrease in interest coverage. There was also an increase in the total interest amount due to the addition of interest on the term loan. The entire increase in interest was 52 percent, compared to a 14 percent increase in the company's EBIT.

  • Ring Plus Aqua Operating Efficiency

The company focused on operational excellence, relentless cost reduction measures, lean manufacturing practices and improvised supply chain management with tight control on working capital. These measures supported in mitigating the impact on the margins and cash flows and helped in delivering a higher margin of performance compared to FY20.

Ring Plus Aqua Operating Profit EBIT Margin(OPM)

Ring Plus Aqua Profit Before Tax Margin (PBT Margin)

Ring Plus Aqua Profit After Tax Margin (PAT Margin)

  • Ring Plus Aqua Profitablity Ratio

The increase in profitability ratio is due to increase in net income of the company in FY21 despite the fall in the revenues of the company. Total Equity of the company rose by 17% due to increase in the retained earnings of the company and total assets of the company increased by 19%, mostly attributable to rise in the current assets of the company.

Ring Plus Aqua Return on Equity(RoE)

Ring Plus Aqua Return on Capital Employed(RoCE)


Ring Plus Aqua Return to Assets (RoA)

  • Ring Plus Aqua Valuation Ratios

Ring Plus Aqua Earning Yield