1 Initiative of the BSE Investors’ Protection Fund

Richa Industries Limited

Equity Statistics

Current Market Price Rs. 34.05

52 Week High/Low Rs. 39.00/22.05

Market Capitalisation Rs. Crores 79.78

Free Float Rs. Crores 32.85

Dividend Yield % 0.00

One Year Regression Beta Times 1.37

BSE Volumes Trend - Average = 67.7 Thousand

Relative Returns

Returns 1M 3M 6M 1Y

Absolute 8% 22% 40% 2%

Rel. to Sensex 4% 14% 20% -

15%

Shareholding Pattern

Source: CARE, BSE and ACE Equity

Construction & Engineering Update for Q3FY17 (i.e. Oct 1, 2016 to Dec 31, 2016) BSE Scrip Code: 532766 May 23, 2017

Result analysis

Richa Industries Limited (RIL) Q3FY17 total income increased by

23.94% y-o-y and to Rs.148.53 crore. The company reported an

EBITDA of Rs.10.63 crore in Q3FY17 (down 24.56 %). The company

reported a net profit of Rs.0.57 crore in Q3FY17 as compared to net

profit of Rs.3.28 crore in Q3FY16.

During 9MFY17, the company reported 2.01% y-o-y rise in net sales to

Rs.363.29 crore while during this period EBITDA decreased by 10.98%

to Rs.34.70 crore. RIL’s net profit stood at Rs.5.52 crore during

9MFY17 as compared to net profit of Rs.9.68 crore during 9MFY16.

RIL is trading at 13.68 times 12 months trailing EPS.

Annual financial snapshot

Income statement FY14 FY15 FY16

Net sales (Rs. crore) 276.50 302.31 480.07

Growth in net sales (%) 2.56 9.33 58.80

Per share data (Rs.)

Adjusted BVPS 47.38 50.62 54.19

Diluted EPS* 4.22 3.24 4.52

Key financial ratios

EBITDA margin (%) 17.13 15.27 10.39

Adjusted PAT margin (%) 3.40 2.39 2.21

RoCE (%) 11.21 12.19 13.17

RoE (%) 9.83 6.61 8.83

Net debt to equity 1.65 1.62 1.47

Interest coverage (times) 1.40 1.31 1.49

Source: BSE, ACE Equity and CARE Research

2 Initiative of the BSE Investors’ Protection Fund

Richa Industries Limited

Quarterly financials Q3 FY17 Q3 FY16 Q2 FY17 Growth Growth

Income statement (Rs. crore) Y-o-Y (%) Q-o-Q (%)

Total income 148.75 120.02 88.46 23.94 68.16

Total operating income 148.53 119.87 88.09 23.91 68.60

EBITDA 10.63 14.09 11.29 (24.56) (5.85)

Depreciation and amortisation 2.11 2.46 2.12 (14.19) (0.57)

EBIT 8.52 11.63 9.17 (26.75) (7.07)

Interest 7.93 7.69 7.26 3.12 9.30

PBT 0.82 4.09 2.28 (80.01) (64.09)

Reported PAT 0.57 3.28 2.03 (82.69) (71.99)

Adjusted PAT 0.57 3.28 2.03 (82.69) (71.99)

Per share data (Rs.)

Diluted EPS* 0.24 1.40 0.87 (82.69) 61.79

Profitability ratio (%)

EBITDA margin 7.16 11.76 12.82

Adjusted PAT margin 0.38 2.73 2.29

Source: BSE, ACE Equity and CARE Research

Peer comparison Quarter ended Dec 31, 2016

Income statement (Rs. crore) RICHAIND LT MADHUCON SHRIRAMEPC

Total income 148.75 16444.94 156.81 135.86

Total operating income 148.53 15946.20 151.99 133.35

EBITDA 10.63 1352.15 39.78 10.45

Ordinary PAT 0.57 934.18 9.71 -69.38

Adjusted PAT 0.57 934.18 9.71 -65.30

Per share data (Rs.)

Diluted EPS* 0.24 10.01 1.32 NM

Growth (Y-o-Y) (%)

Growth in total income 23.94 0.00 26.64 -23.85

Growth in Total operating income 23.91 0.49 24.11 -12.88

Growth in EBITDA -24.56 52.08 15.40 -19.72

Growth in adjusted PAT -82.69 31.66 206.99 NM

Growth in EPS* -82.69 31.45 206.99 NM

Profitability ratio (%)

EBITDA margin 7.16 8.48 26.17 7.83

Adjusted PAT margin 0.38 5.68 6.19 -48.06

Valuation ratios (Times)

Price/EPS (P/E) (TTM) 13.68 32.40 12.31 NM Source: BSE, ACE Equity and CARE Research Note: RICHAIND: Richa Industries Ltd., LT: Larsen & Toubro Ltd., MADHUCON: Madhucon Projects Ltd., SHRIRAMEPC: Shriram EPC Ltd. NM: Non Meaningful

3 Initiative of the BSE Investors’ Protection Fund

Richa Industries Limited

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