RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

Roots Multiclean Ltd is well known Mechanised Industrial & Commercial Cleaning Equipment Manufacturer that began operations in 1992. they are known for their range of industrial cleaning machines like Scrubbers, High-pressure washers, Industrial vacuum cleaners, Carpet cleaner machines, Steam cleaners, City sweepers, and Runway sweepers. The company is currently getting traded in the unlisted share market, To know and buy the Roots Multiclean Ltd Unlisted Shares kindly go through this research report.

ISIN

INE01LF01013

Face Value

₹10.00

Total Share

20,00,000

Total Income

₹269.73 Cr

Profit After Tax

₹21.09 Cr

EPS

₹105.44

P/E

31.30

P/B

4.02

Market Capitalisation

₹660.00 Cr

Enterprise Value

₹712.86 Cr

Book Value

₹821.84

Intrinsic Value

₹2,964.00

Dividend Yield

0.09 %

Earnings Yield

3.20 %

Sector

Industrials

Sub-sector

Industrial Machinery

Category

Micro Cap

Cashflow - Operations

₹30.84 Cr

Cashflow - Financing

-₹11.52 Cr

Roots Multiclean Growth

Compounded Sales Growth

  • -0.20%

    1 Year

  • 0.10%

    2 Year

  • 9.25%

    3 Year

Pro Only

Compounded Profit Growth

  • -6.52%

    1 Year

  • -11.06%

    2 Year

  • 8.97%

    3 Year

Pro Only

Return On Equity

  • 12.83%

    2021

  • 15.78%

    2020

  • 22.52%

    2019

Pro Only

About Roots Multiclean

  • Roots Multiclean Limited operates as India's first mechanized cleaning equipment manufacturer. It is primarily involved in manufacturing and sale of cleaning equipment's and ,machinery such as Sweeper, scrubber driers, vacuum cleaners, single disc, high-pressure jets, carpet care, city cleaner, steam cleaners, mops, and trolleys etc. RMCL offers cleaning services for industrial, commercial, and residential cleaning. They provides its products to different industries like Manufacturing, Railways, Defense, Pharma, Automobile industries and many more.
  • The company's production facility is in Coimbatore (Tamil Nadu).
  • The company's product offering, according to its credit rating assessment, includes complete cleaning solutions for a wide range of industrial, commercial, and household cleaning needs. In India, goods are supported through a network of 15 after-sales service facilities spread across the country.
  • The company was incorporated in 1962.

  • Roots Multiclean IPO Details

The company doesn't have any plan to go public as of know.

  • Roots Multiclean Subsidiaries

Subsidiary:

  • Roots Multi Clean Inc. USA

Roots Multiclean Business Model

  • The company is involved in the manufacturing and trading of commercial cleaning machines as well as the provision of commercial cleaning machine services throughout India.
  • Roots Multiclean Revenue Segmentation

  • Revenue generated from traded products
  • Revenue generated from sale of services
  • Other Operating Income
  • Other Income
  • Revenue generated from cleaning machinery
  • Roots Multiclean Product & Services

Products:

  • Sweepers
  • Scrubbers
  • Commercial Vacuum Cleaners
  • Industrial Vacuum Cleaners
  • High Pressures Jets
  • Carpet Cleaners
  • Escalator Cleaner
  • Roots Multiclean Assets

Assets as on 31 March 2021:

Assets Amount in Cr.
LandRs.10
Plant Rs.9
Wind MillsRs.6
Electrical EquipmentRs.1
VehiclesRs.5
FurnitureRs.1
Office Equipment'sRs.1
Software'sRs. 1
  • Roots Multiclean Industry Overview

Industry Statistics

  • To assist and speed the cleaning process, commercial office cleaning firms employ a wide range of cleaning procedures, chemicals, and equipment. All internal, general, and routine cleaning - including floors, tiles, partition walls, internal walls, suspended ceilings, lighting, furniture and cleaning, window cleaning, deep cleans of sanitary conveniences and washing facilities, kitchens and dining areas, consumables, and feminine hygiene facilities, as well as cleaning of telephones, IT, and other periodic cleaning as needed - may be included in the scope of work.
  • In FY22, the market is expected to reach to Rs. 7879.6 million, and and further grow by 6.8% in FY23. The overall growth of the industrial cleaning equipment market is closely connected to the growth of end-use segments, such as manufacturing & commercial offices, healthcare, retail & food service, automobile & aerospace, hotels, and food processing & dairy industry, among others. Cleaning plays a very important role in the growth and performance of these industries.
  • The healthcare and food and beverage industries rely heavily on industrial and institutional cleaning chemicals. Biocides, surfactants, sanitizers, laundry care products, and other compounds are among the chemicals. Raw material, product type, market type, and region are all used to segment the industrial and institutional cleaning chemicals market. The market is divided into Chlor-alkali, surfactants, solvents, phosphates, biocides, and other raw ingredients based on the raw material. The market is divided into four categories based on the kind of product: general-purpose cleansers, disinfectants and sanitizers, laundry care products, and vehicle wash products. The market is divided into two types: commercial and manufacturing.

Market Trends:

  • Demand for all-purpose cleaning products is on the rise - In terms of product type, general purpose cleaning products are the most popular in the industrial and institutional cleaning chemicals market. This segment's goods are mostly utilised in hospitals, hotels, and workplaces as ware-wash, floor cleaners, and other similar applications.
  •  Rise of escalator cleaning machine market- In many structures, escalators are a focal point and take up a large amount of visible area. As a result, escalators, like floors, must be cleaned on a regular basis in order to preserve their beauty and avoid excessive wear. Escalator cleaning machines, despite the fact that there are a number of methods for cleaning escalators, are the most convenient and feasible option. Other cleaning procedures, such as dismantling escalators and transferring them to a warehouse for cleaning, entail substantial downtime for end-users. The market size of India escalator market is $17 Mn. and is increasing at the rate of 18% CAGR.

Major Peers:

  • Corbo India Private Limited ,Comac India ,Kruger & Brentt Equipment Pvt. Ltd are some of the major players and peers of the company.

Future Prospects

Outlook:
  • The industrial and institutional cleaning chemicals market is expected to grow at a CAGR of roughly 7% between FY22 and FY27, according to Mordor Intelligence. In FY20, the COVID-19 pandemic had a negative influence on the market. In the post-pandemic context, however, once the lockdowns were removed, demand for these cleaning chemicals grew dramatically, owing to greater awareness of the need of good hygiene and cleanliness.

Government Initiatives

  • Make-in-India, National Manufacturing Policy (NMP), and Goods & Services Tax (GST) implementation are expected to aid the growth of core sectors thus contributing to new demand for screw compressors, initiatives pertinent to energy efficiency will drive the services market. 

Roots Multiclean Awards & Achievements

  • Roots Multiclean Ltd, takes pride in receiving the Excellence Award for this achievement.
  • Roots Multiclean Ltd is the proud recipient of Indian Government's EEPC award for 6 times in a row since 2011.

Roots Multiclean Strengths

  • The company's revenue is not restrcited from domestic region itself, 23% of total revenue of the company derives from exports majorly to Italy, Germany, USA, Sweden and China. On the export front, the company has also expanded its product portfolio.
  • Industrial cleaning equipment caters to multiple industries, be it healthcare or life sciences, manufacturing or food processing to automotive to facility management, real estate etc. All industries have different requirements and thus demand is never-ending. If one sector is not performing well, other sectors will fulfil its demand. This is a great strength to have in such uncertain times of COVID.
  • The company has also launched 3 new products in the covid scenario and successfully presented it in the market.

Roots Multiclean Shortcomings

  • The solvency position of the company is weaker than it’s peers and lower than the industry standards. Although this allows the company to have lower cost of capital.

Roots Multiclean Opportunities

  • Company’s flagship product “Wizzard” has surpassed its previous record in terms of monthly production and is expected to continue to perform better in the years to come.
  • Going forward the awareness of cleanliness and hygiene is only increasing and the need for mechanized cleaning equipment’s will only keep increasing.

Roots Multiclean Threats

  • High competition, as China is the global leader in commercial cleaning and equipment manufacturing, and major players benefit from the minimal price of raw materials and manufacturing machinery used in commercial cleaning and equipment.
Roots Multiclean Rating

  • RECOMMENDATION

    Neutral

  • Roots Multiclean Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

31/07/2021

Registered Date

24/02/1992

Planify Ticker

RootsMulticlean

Reg Office: R.K.G. Industrial Estate Ganapathy, Coimbatore – 641 006. India

Visit Website

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This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

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• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Demat Account = DP ID + Client ID. (16 Characters )
• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
• Example:
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