RATING

RECOMMENDATION

Strong Buy

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Strong Buy

Business Type

Traditional Business

RATING

RECOMMENDATION

Strong Buy

Business Type

Traditional Business

  • Rydak Syndicate Growth

Rydak Syndicate Revenue Growth

Growth in %

  • 14.25%

    1 Year

  • 17.51%

    3 Year

  • 9.20%

    5 Year

The total revenue of the company has increased 14% year over year (y-o-y) in FY22 over FY21. Within its 6 Estates, the Company cultivates and produces tea (3 of which are located in the Dooars and 3 in Assam). The saleable crop was produced in FY22 in 55.35 lakh kg as opposed to FY21's 51.26 lakh kg, and out of that, 55.19 lakh kg were sold as opposed to 50.66 lakh Kg in FY21. This was mostly caused by favorable weather for manufacturing. Additionally, the price realization increased in every tea estate, which resulted in an increase in sales. The average price realization of the Company’s tea was Rs. 259.07 this year as compared to Rs. 256.10 in the previous year

Rydak Syndicate Net Profit Growth(PAT)

Growth in %

  • 57.40%

    1 Year

  • 234.81%

    3 Year

  • NA

    5 Year

Though the price of natural gas has gone up from Rs. 5.08 per scum to Rs. 21.11 per scum in the past ten months from July 2021 to April 2022 and an exorbitant hike in the price of natural gas has led to an increase in production cost by Rs. 6. However, the net profit of the company has increased 57% y-o-y in FY22, primarily driven by increased average price realization of the Company’s tea was Rs. 259.07 in FY22 as compared to Rs. 256.10 in the FY21 which resulted in an increase in sales and the net profit of the company. The sudden jump which we can see in FY20 and FY21 is because of the investment which the company was doing consistently for the production of bearer plants for the last 5 years which helped increase the production of the saleable crop.

Rydak Syndicate EPS Growth

Growth in %

  • 57.40%

    1 Year

  • 234.72%

    3 Year

  • NA

    5 Year

Since the number of shares has not changed, the company's EPS has been modified by its net profit.

  • Rydak Syndicate Book Value Growth

Growth in %

  • 63.06%

    1 Year

  • 47.39%

    2 Year

  • 25.31%

    4 Year

Rydak Syndicate EBITDA Growth

Growth in %

  • 24.73%

    1 Year

  • 56.12%

    3 Year

  • 43.33%

    5 Year

EBITDA of the company has increased 25% y-o-y in FY22, and the revenue of the company has increased at a higher rate as compared to expenses which eventually helped to increase EBITDA.

Rydak Syndicate Operating Profit Growth

Growth in %

  • 48.97%

    1 Year

  • 74.37%

    3 Year

  • 63.68%

    5 Year

Rydak Syndicate Asset Growth

Growth in %

  • 10.11%

    1 Year

  • 4.01%

    3 Year

  • 4.92%

    5 Year

Assets of the company have increased 10% y-o-y in FY22. The company is continuously increasing its Bearer Plants over the last 5 years which helped them to increase their cultivation in all six tea estates. 

Rydak Syndicate Cash Flow from Operations

Growth in %

  • 12.42%

    1 Year

  • 31.09%

    3 Year

  • 19.94%

    5 Year

In FY22, the company's operational cash flow improved by 12% y-o-y The company's profit before taxes has grown, which is a clear indication of increasing cash inflow. In contrast, the firm made Rs. 3 Cr. in FY21 through the sale of financial assets, however, this didn't happen in FY22. The cycle of working capital has slightly increased.

  • Rydak Syndicate Solvency Ratios

Rydak Syndicate D/E Ratio

Over the last five years, the company's debt to equity-ratio has improved. In FY22, it declined by 53% y-o-y. The primary source of this improvement is the rise in the company's total equity as a result of the profits it has realized during the last three financial years.

Rydak Syndicate Current Ratio

Rydak Syndicate Quick Ratio

Rydak Syndicate Interest Coverage Ratio

In FY22, the company's interest coverage ratio grew by 168% y-o-y. Because the company's debt has decreased, the interest expenditures have fallen by 44% y-o-y in FY22. The corporation has, nonetheless, demonstrated a good liquidity position.

  • Rydak Syndicate Operating Efficiency

The company's total operating efficiency has increased during the past two fiscal years. In comparison to FY20, operational income revenue climbed 18% y-o-y in FY22. In order to improve their growing facilities and ultimately raise their revenues, the corporation made sufficient investments in its Bearer plants.

Rydak Syndicate Operating Profit EBIT Margin(OPM)

Rydak Syndicate Profit Before Tax Margin (PBT Margin)

Rydak Syndicate Profit After Tax Margin (PAT Margin)

  • Rydak Syndicate Profitablity Ratio

Rydak Syndicate Return on Equity(RoE)

Due to the company's total equity increasing faster than its net profit during the fiscal year, the ROE of the company decreased in FY22. The growth in net profit margin rose, according to Du Pont Analysis. Additionally, the company's equity multiplier shrank, indicating a reduction in its financial leverage. A rise in equity is the primary cause of this little decline.

Rydak Syndicate Return on Capital Employed(RoCE)

Rydak Syndicate Return to Assets (RoA)

ROA of the company has increased 50% y-o-y in FY22, because of the increase in net profit of the company which was about 57% y-o-y in FY22, also the total assets of the company increased 5% y-o-y in FY22. Both the factors helped to improve the ROA of the company.

  • Rydak Syndicate Valuation Ratios

Rydak Syndicate Dividend Yield

Rydak Syndicate Earning Yield