About The Company
Richa Industries Ltd. established in 1993 is a reputed manufacturer and supplier in the segment of dyeing, processing and finishing of knitted fabric and now it has shifted its focus to Pre-Engineered Building (PEB) business.
The company is headed by Shri Sushil Gupta an engineer by profession holding B Tech, M Tech qualifications from IIT- Delhi, Mr Gupta has been conferred with Udyog Patra and Udyog Vibhushan awards by The Govt. of India.
The company's textile clients include multi-national brands such as "Adidas, American Eagle Outfitters, Calvin Klein, BIBA, Classic Polo, Coldwater Creek, GAP, H&M, Kenneth Cole, Marks & Spencers, Macy's Inc, Matalan, Next, Puma, Reebok, United Colors of Benetton, SuperDry.
The PEB division of the company serves industries such as Warehousing, Industrial Manufacturing, FMCG, Automobiles, Cold Storage, Agriculture, Factories, Showrooms, Dairy & Pharma, Power Plants, Multi-storey Buildings, Heavy Engineering and Paper Industry. The PEB business has been flourishing and list of clients include "L&T, Asahi Glass, Various food processing companies and warehouses, Usher Agro, NRB Bearing, WIPRO, Bedmutha Industries, Crompton Greaves, Indiabulls and BHEL.
Richa Industries in July 2014 completed an iconic construction for Madhu Silica Pvt Ltd.
The constructed project is a silica processing plant for the company in Bhavnagar, Gujarat. Spread over 204514 sqft. the plant consists of 7 buildings with the tallest being 36 meters, it is one of the tallest PEBs in the country. The project was started in September 2013 and finished in just 10 months which helped Richa create a great image for itself in PEB division.
The Ace Investor - Value Pick
(BSE:532766) RICHA INDUSTRIES LTD.
Company listed on BSE has now changed its industry from Textiles to Engineering and Construction, Currently trading around 33 with a P/E of under 7, Market Cap is about 70 crores, Promoter holding is at 57.38%, Debt/Equity Ratio is at 1.71. Brickwork Ratings has recently assigned BB+ rating for Richa's bank borrowing.
Richa Industries Ltd. is engaged in textile and pre-engineered buildings business.
Even though the textile business of the company has been doing well and has a lot of multinational brands as clients, the company as reported by the media is in talks to sell-off their textile unit as they want to focus on the high-margin business of PEBs, The probable sale of the textile unit to a Kolkata based company at valuations of Rs.200 crore+ was recently in the news and the textile unit sale will make the company fully debt-free, which is currently around 180 crores.
Richa Industries Ltd has recently further diversified into turnkey solutions for PEBs.
Which means 'from planning to final delivery' customers can award projects to Richa Industries Ltd with a deadline for delivery. Richa with its brand value can now attract more orders by diversifying into turnkey solutions.
The MODI Govt. has ambitious "Make In India" plans and in all probabilities the plans are going to be successful, success of Make In India means huge boom in demands of warehousing, plants,manufacturing facilities which directly leads to a boom in demand of Pre-Engineered Buildings where Richa Industries Ltd is the only company certified with OHSAH 18001:2007 by IRQS.
It is a known fact that India ranked 66 among 105 countries in the Global Hunger Index 2012.
Due to the shortage of warehouses, unfortunately the hungry have remained hungry as grains and food is allowed to rot because of the warehouse and cold storage shortage crisis. If the MODI govt. wants to make any sense of the promises it made to the people, the hungry must get food and the wastage must stop. New finance minister Mr Jaitley has admitted that the current warehouse capacity is not sufficient and his govt. plans to strengthen the warehousing significantly in the upcoming budget with innovative ideas and plans. Richa perfectly fits the bill to get a lot of orders as it has already been working with a lot of private food processing companies for cold-storage and warehousing. Recently, PSU orders in the industrial space have started flowing to Richa then why not govt. orders for food warehousing?
Due to the shortage of warehouses, unfortunately the hungry have remained hungry as grains and food is allowed to rot because of the warehouse and cold storage shortage crisis. If the MODI govt. wants to make any sense of the promises it made to the people, the hungry must get food and the wastage must stop. New finance minister Mr Jaitley has admitted that the current warehouse capacity is not sufficient and his govt. plans to strengthen the warehousing significantly in the upcoming budget with innovative ideas and plans. Richa perfectly fits the bill to get a lot of orders as it has already been working with a lot of private food processing companies for cold-storage and warehousing. Recently, PSU orders in the industrial space have started flowing to Richa then why not govt. orders for food warehousing?
As already written above, Richa's plan to sell textile unit already came into the mainstream media after which the stock rallied from 52wk Low of 19.20 to 52wk High of 44.70 in just two months giving us an idea on how positive a textile sell-off will be for the stock. However, even if we forget the sale of textile unit for the time-being, the debt of 180 crores is not such a huge number anyway.
Coming
to the financials, Richa Industries has shown great growth over the years especially after FY07 as it started its PEB operations, You can see the annual
results table below.
Particulars
|
FY05
|
FY06
|
FY07
|
FY08
|
FY09
|
FY10
|
FY11
|
FY12
|
FY13
|
FY14
|
Sales
|
24.97
|
40.92
|
63.49
|
99.32
|
147.76
|
174.56
|
228.58
|
301.41
|
269.60
|
276.50
|
Operating Profit
|
3.39
|
7.89
|
9.20
|
17.09
|
24.73
|
25.04
|
34.01
|
37.77
|
51.98
|
46.19
|
OPM
|
13.58%
|
19.28%
|
14.49%
|
17.21%
|
16.74%
|
14.34%
|
14.88%
|
12.53%
|
19.28%
|
16.71%
|
Other Income
|
0.04
|
0.07
|
0.13
|
0.35
|
0.77
|
0.76
|
0.32
|
0.76
|
1.82
|
1.04
|
EBIDT
|
3.43
|
7.96
|
9.33
|
17.44
|
25.50
|
25.80
|
34.33
|
38.53
|
53.80
|
47.23
|
Interest
|
0.98
|
1.59
|
2.30
|
5.34
|
10.55
|
9.59
|
16.22
|
19.70
|
23.35
|
22.56
|
Depreciation
|
1.03
|
0.93
|
1.29
|
2.94
|
3.93
|
4.78
|
5.50
|
6.90
|
7.50
|
6.09
|
Profit before tax
|
1.39
|
5.27
|
5.19
|
9.13
|
10.98
|
11.40
|
12.61
|
11.93
|
22.94
|
18.57
|
Tax
|
0.52
|
1.14
|
1.84
|
2.30
|
3.14
|
1.69
|
4.13
|
4.90
|
1.47
|
-0.29
|
Net profit
|
0.88
|
5.44
|
3.07
|
7.23
|
8.09
|
5.66
|
8.45
|
6.09
|
13.36
|
9.41
|
Adjusted EPS in
|
4.00
|
6.72
|
1.81
|
4.27
|
4.78
|
3.35
|
5.00
|
3.60
|
7.89
|
4.22
|
Cash EPS
|
N/A
|
N/A
|
N/A
|
6.01
|
7.10
|
6.17
|
8.24
|
7.67
|
12.33
|
6.95
|
Dividend Payout
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
12.37%
|
8.28%
|
11.66%
|
5.31%
|
0.00%
|
As seen above the cash EPS of the company has been great and the company has paid dividend 4 times in the last 5 years.
With debt in check, good growth, strong order book, strong promoter holding and wonderful business prospects 'Richa Industries Ltd' is a multibagger gem trading at P/E of under 7, Richa can grow multifolds from here and it is not only a value pick it also is a Multibagger Pick, Which means target can be anything for this scrip above 150.
Recommend a strong multibagger buy on Richa Industries Ltd at current price of 33 with price target of minimum Rs 150 per share in long-term.
Note: Do not wait for correction to enter, Buy at CMP, Only genuine investors should enter our picks and short-term traders can stay away.
another excellent pick ace.. PEB business has been making some noise in the industry for some time now. Richa is a direct beneficiary for such business and is set to benefit hugly
ReplyDeletethanks
DeleteI missed it today, might have to buy at 20% higher tommorow
ReplyDeletenot a problem, it has multibagger probabilities so one should look at the larger picture instead of 20-40% moves.
DeleteAce
ReplyDeleteThe promoter is with pledged shares of 39.66% of it's promoter holding. What is your advice
http://www.bseindia.com/xml-data/corpfiling/AttachLive/Richa_Industries_Ltd_SHP_D14.pdf
ReplyDeletePromoter pledging is more. It is a concern
Harish
39% of total promoter holding is pledged, don't worry brother its a non issue :)
DeleteAce i m long term investor was holding richa from 20 odd levels... today sold my all holding 10000 shares@39.2... looking to buy back below 35.. if it crosses 40-45 with good volumes.. it will be a technical breakout... so i will buy back below 35 or above 45.. please advice on short term.. in long term this will rock.. i know
ReplyDeleteIts a BUY.
DeleteBut ace please advice... do u think... there is any chance that i can get them back below 39.2... not necessarily tomorrow... on any day within this month... when it cools down.. bcoz tomorrow i dont think.. i will able to get below 39.2... please help... and thanks for instant helping...please advice... what u would do.. if u were at my place
DeleteCan't advice like that, If you want to be part of the larger play of 150-200 levels don't worry about 20-40% fluctuations.
DeleteOk i have decided will buy tomorrow... even if it goes above 39.2... may be ur right... i m long term investor... so i should think small... thanks a lot..
DeleteThanks for the wonderful pick. I could get only 150 shares today.
ReplyDeletethanks
Deleteyupieeeeeeeee ....... able to buy gd qty @ 36
ReplyDeletegaining 2.8 instantly ,,,, wait for 100+ in this year as i going to hold delivery
especially till budget coz thr shd b sm big announcement reagrding storage of commodity goods
very much thanx to U ACE for sharing this extreme dirt cheal stk in mkt hrs by that all \ many get it in right time , in future will buy more if able to arrange sm gd cash
sacpk
Dear Ace
ReplyDeleteThis Company is doing business in such a sector (PEB ) having great demand in coming year.. It is surely a monopoly types of business as company targeting in rural area and in Make in India plan, this company will be benifited. Your earlier Pick SKM was also doing monopoly Business having great potential..
My Question is about its promoter quality and debt concern (pleading of shares) which is not a gud sign? What is your research on these two issue( Promoter Quality and pleadging of Shares (debt concern More than 180 CR)...Please provides your views...Thanx In advance
only 39% of total promoter holding is pledged and it is not a concern, Promoters are really good, well experienced and qualified in this field.
DeleteThanx Ace for Prompt Reply and sharing your valuable views
ReplyDeleteHi Mr.Ace, at what price is this expected to open tomorrow ....
ReplyDeletenice pic ...
ReplyDeleteThank you Ace for giving and showing this opportunity to buy. Very Nice and detailed report by you on RICHA Industries. I am a long term Investor and will definitely make my dreams come true with this Value pick. Best Regards,
ReplyDeleteadshirali.
Thanks a lot Ace ji for all your efforts and dedication and finding this real GEM for all of us....God Bless U and your Family!!!!
ReplyDeletethanks a lot hafiz ji
DeleteHi Mr.Ace, at what price do you think is this going to open tomorrow ...
ReplyDeletei don't guess prices madam
Deletewonder full call ace ji this company is meeting all :,
ReplyDeleteroti - cold storage,grain storage,food warehousing.
kapda - textile supplier
makaan - peb in the west is often used for mass low-cost housing for rural population which is huge in india.
naukri - make in india is created to give jobs and it will increase peb demand for factory,warehouse etc. so
growth of roti kapda makaan naukri means growth of richa industries
well said Rushilji..
Deletethanks
DeleteThanks aceinvestor for bringing one more gem in to knowledge of a small investors like me. God bless you and i am sure this stock will rock now after your recommendation like SKM Eggs. All the best.
ReplyDeleteAce investor blog .. i was very keen to know your new value pick as i am regularly following your blog and benefited with your picks
ReplyDeletei am a long term investor and have some resolution, every month i invest in share market from my 20% salary. you have proved always that your calls are very genuine bet and very helpful
thanks aceinvestor
Another very good value pick after the mind-boggling success of SKM and GujAuto
ReplyDeletethanks
Deletesir can is still in enter in shilp, mindteck, dynemic?....
ReplyDeleteyes
DeleteGot few today ... Will buy more 2mrw . Thanx for the new gem
ReplyDeleteHello Ace ji...Thanks for the GEM.....your view on Prakash Constrowell and Gennex Lab please!!!!!!!!
ReplyDeleteHello Ace ji...I know u r a busy man(u do a lot of analysis on stock and find the GEM for all of us)....but please let me know ur view on Prakash Constrowell and Gennex Lab....what is the future prospects of both...Thanks in advance!!!! God Bless U!!!!!!!
Deletedon't track both the stocks....
DeleteCan I buy at this level
ReplyDeleteCan I buy at this level
ReplyDeleteawesome pick ace as always just love the way u have put the stats of last 10 years .... good going waiting for many more :) god bless you
ReplyDeletethanks
Deletei got 540 share at average price of 36 and will sell off at 142 and remaining 800
ReplyDeleteHi Ace sir,
ReplyDeleteKindly let us know what financial checks should be done to identify potential of multibaggers.
What should the basic check include in identifying prospects for a multibagger?
ReplyDeletedifficult to explain, you can use google and start practicing.
DeleteThe revenues of PEB division have increased at very good rate from 120 Cr in 2013 to ~145 Cr in 2014. But at the same the profit dropped from 27Cr to ~20Cr. Since the valuation and potential is based on the PEB division, the drop in profit seems to be worrying. Ace, please share your inputs on this drop in profit.
ReplyDeleteThe actual growth has not even started vikram....Let things like Make In India pick up and you will see the difference, Also the sale of textile units will mean total focus of the management on PEB.
Delete2mrw it will.locked at UC fr sure then how to buy ?
ReplyDeleteSKM is falling today without any reason. What's short and long term targets for SKM @ ace. I am following it just from yesterday and late entering in SKM at 150 aprrox
ReplyDeleteIt is falling as weak hands want to run away before results, They might have to buy at higher levels after the nos. are announced.
DeleteGood performance between yesterday 3.15 pm and today on Richa...Very good call for long term investment. Thank you
ReplyDeletethanks
DeleteHi ur view on Bajaj electricals and Omax Auto?
ReplyDeleteomax is loss making, bajaj not tracking
DeleteSir what a volatility seen for SKM today. Now it is very much clear that results will be bumper. thanks for best gem. One more thing whether NGL Fine chem earlier reco by you is still a buy at present level or wait for results.
ReplyDeletevolatility is obvious, weak hands prefer to exit before an event.
Deleteexellent call by Ace. hats off to you. keep up the good work. good luck
ReplyDeletethanks
DeleteSir can I buy Richa Inds at current price pls advice. Also I am new to market any other stocks you would recommend to buy
ReplyDeleteRegards
Anurag
Sir can you share your comments on Richa Ind if I can buy at current levels
Deletedear sir,
ReplyDeleteAs u mentioned above about 180cr debt. but there is 48.25cr long term debt mentioned in balance sheet available at bse site. pls guide which figure is right?
in case of vidhi the debt is 42cr as mentioned in moneycontrol but it is actually 2cr as mentioned in balance sheet bse site.
which debt to be considered??
Sir, richa industries opened higher y day and close lower circuit. will it buy at cmp pls advice
ReplyDeleteThanks
Amudhan
Hi, ur view on Trilogic digital media and TV today?
ReplyDeletelike tv today, no call on trilogic
DeleteSir, Highly impressed by your work. Can you please advise if I can enter Commex Technology at current levels of Rs. 1:80?
ReplyDeleteCommex Technology is good for gambling only and not for investors
DeleteThank you sir.
DeleteSir, ur view on Bharat seats after December quarterly results?
ReplyDeletenot tracking but will reseach
DeleteHello Ace ji,
ReplyDeleteYour view on Rathi Graphic Technology please.....looks like a future multi bagger with current P/E of only 2....and also ur view on Superhouse...Thx in advance ..God Bless U!!!!
superhouse is great, rathi no call.
DeleteSir, wanted your valuable opinion on Karuturi Global and Birla Power solutions. Thank you in advance.
ReplyDeletekaruturi is all hype no substance, strongly dislike yash birla group companies.
DeleteThank you for your opinion. Really appreciate your effort in answering each one of us. Keep up the good work.
DeleteHi Ace,
ReplyDeleteI have bought Guj Auto for long term...
What are your views on FIEM industries ?
Thanks
fiem is fairly valued, neutral at cmp
DeleteWhat's ur views on finolex,ultracab India & birla Erickson? What you feel is better among these?
ReplyDeleteNONE.
Deletedon't like finolex and birla erickson.
ultracab have to see.
What's ur take on flex food and cupid?
ReplyDeleteflex foods is good but the promoters.. not sure.
Deletecupid looks operationally good, maybe entry can be taken after next results.
Any idea about brawn Pharma sir?
ReplyDeletenot tracking it.
DeleteThank You Ace ji...
ReplyDeleteHi Ace.. what will you recommend now at the cmp Dynemic or Vidhi Dyes ?
ReplyDeleteThanks.
no change in my view, both are good to buy.
DeleteHi, ur view on Pochiraju industries and Titan Biotech?
ReplyDeletenot tracking pochiraju, titan looks decent.
DeleteWhat ur view on sarda ply? Also among all ur recent picks which one do u feel has maximum upside in it?
ReplyDeletesarda ply will study, can't pick one for you.. do that yourself!
DeleteSir,your view on SALZER ELECTRONICS LTD
ReplyDeletegood stock available at decent valuations
Deletethank u sir..
Deletedear sir
ReplyDeletei heavily invested in punjab alkalies and chemical ltd. due to its news of disinvestment
but still nothing happend like that..........
sir please help me about this stok future
don't track
DeleteAce sir good afternoon. Today i came across a interesting scipt. It is VEDAVAAG systems. Fundamentals seems ok. Zero dept, consistant increasing growth , good cash flows and a 18 cr cash reserve as well. But i wonder why it is trading@ 15. Promoto holding is only 20 % . I think it s concern but it may increase in coming days. I hope your views abt it will be helpful. Waiting for ur reply.
ReplyDeleteRegards nd Thank u....
definitely something to research!
DeleteVedavaag and Tera Software can be considered. E-governance is the future of India.
DeleteSir, ur view on SKM dec quarter result?
ReplyDeletegood results, will have a detailed post soon.
DeleteGood investment tips.. this is helpful for business peoplesinvestments
ReplyDeleteHi Ace,
ReplyDeleteI am new to this blog and gone thru your picks... I am pretty much impressed with the analysis you are giving on the stocks and the predictions. so immediately I have bought Richa Ind at 40.81 on 1/27. But unfortunately the stock price came down drastically to 35.2 in just 2 sessions. I am not worried here much as I know it could be a temporary blizzard. Just want to know that can I accumulate more at this stage or want me to wait until it comes more down? Also, I have invested huge money in HFCL (Himachal Futuristics Communication Limited) in 2008 at Rs.41+ price and still the stock trading at 16 level by giving me huge chunk of loss. Could you share your opinion on this stock, so that incase if it is not advisable to hold, then I can transfer that amount into Richa... wating for your reply...
Richa is good at current levels, Not tracking HFCL so can't suggest
DeleteThanks for the reply Ace... I know you are busy with your analysis, but could you make yourself little bit free and analyze HFCL and let me know the future of it.. That would be a great help to me... Hope you understand my situation and do the needful.... If your prediction works out, I would be the best follower for you :)
DeleteAlso you have mentioned the target for Richa is 150+ in long term. what span of years you mean here.?
DeleteLong-Term can be even within a year, or even within 3 years.
DeleteOnce we have posted here we will update after every quarterly results, updating the target and horizon.
Thank you Ace.... could you share your thought on S Kumars Nation please?
Deletenot tracking
DeleteHi Ace, you are an awesome guy.. Your prediction and analysis about stocks really giving make flourishing cheers on many of the investors faces..and giving goosebumps at the time of reading the analysis the way you have researched... Really .. really.. god bless you and your family for lightening brightness in others life.. Your picks Vidhi, Waterbase clicked well and zooming like rockets towards new highs. thank you again.. Richa and Dynamic are still struggling to take off.. I know they will for sure... Need your advice on averaging Richa and Dynamic (current value 31.9 & 59 resp'ly). Also I need advice on Parnax Lab. Can I enter at this level(~39). As I told you earlier, I am glued with one bad stock (HFCL) with huge loss (~7L). If you advice on the above three stocks, I will exit from that junk and enter into these.. Please reply.. waiting for your words... Appreciate your sincere efforts and time.. You are WONDERFUL.
DeleteHi Ace
ReplyDeletecan you pls share your thoughts on Ashok leyland , Gabriel India , claris life, and Tourism finance
had all 3 in portfolio, already booked profits and not tracking tourism finance.
Deleteshould i hold those or book profit
Deletebecoz gabriel and ashok leyland are having results today
and any view on claris ??
and RIL ??
sorry friend, i do not track these companies any more and don't have a clear view
DeletePls share your View on RIL
ReplyDeleteMy father Bought RPL which got converted into RIL in 2008
now i m having loss of 900/share what to do in RIL
Reliance is good for long-term investors but stock is almost a defensive now.
DeleteHi Ace
ReplyDeleteR u Sure about Mnaagement quality of Richa Industries Limited as they are investor friendly or LALA TYPE....And how u see its future prospectus as many players are in PEB industries like Pennar Ind. Bearshel (Nse Listed) how you rate Richa Industries as heavy debt burden is a key concern
The management is friendly enough, The transparency on orders won and pictures of completed and on going projects on their blog tells a lot about it... They got nothing to hide!
DeleteDebt is there, but i don't call it huge debt since the textile business which supplies to good companies and is reporting profits is up for sale and there should not be any difficultly in hiving it off within next 1 year, and if it is hived off the company can have zero to little debt after the deal.
Why Richard falling so badly..any reason
ReplyDeleteWhat?
DeleteHi Ace,
ReplyDeleteis it good to enter VIDHI DYESTUFFS MANUFACTURING LTD at this current level 20.60???
yeah,can buy dynemic too
DeleteThanks Ace.. I have bought 2k shares of vidhi(~20.7), 2.5k of Richa(~39 avg price).. will buy dynemic on Monday.. Hope your recommendations work ...:) thanks again... can you share your thought on Antarctica, Rohit Ferro???
Deletedislike both.
DeleteHi Ace,
DeleteBought Dynemic and few more vidhi and Richa too.... gone thru the latest pick info.. pretty impressive... but in dilemma that do I need to go for a new pick (narmada) or buy more of vidhi,richa and dynamic to average them??? (As all of the 3 share prices are down .. avg... vidhi 20.56, richa 38.4, dynamic 67.4)... please advise.. Shall I wait few more days to average the price of 3 shares?
you have purchased at higher levels, there is no problem in averaging.
DeleteWhat's ur view on dish TV,PTC finan. & kesar terminal?
ReplyDeletePositive on KTIL not tracking others
DeleteWhen are the Q3 results coming out for Richa ....
ReplyDeletemid-feb
DeleteHi
ReplyDeletebought richa industries at 39, what do you suggest i do? can i accumulate more at this price and average??
Thanks!
Hello Sir, plz give ur valuable advice on shre of 'Usher Agro' and 'Kwality'. Thank you sir..
ReplyDeleteHi Ace, The price of Richa ind is still at rs33, What is the target price for 3months time frame? Not much of the movement seen in it?
ReplyDeleteIts a long-term pick, cannot give target for 3 months.
DeleteWhat is the support price of richa as it is falling daily...
ReplyDeleteRicha Industries is a strong buy and hold in the long-term, I cannot comment on daily price action and you must understand that fundamental potential of the company is extremely good.
DeleteRicha industries is going to announce its quarterly results tomorrow, We will post a detailed review after results hopefully along-with some discussions with the management.
Sir, I am into 35% loss after following your call on Richa...what to do now?
ReplyDeleteRavi see the last paragraph :-
DeleteNote: Do not wait for correction to enter, Buy at CMP, Only genuine investors should enter our picks and short-term traders can stay away.
Isn't it clear that this stock is for long-term investors? How will a long-term investor make a loss without exiting in less than 2 months? is this long-term investment?
When we say long term its for min 1 year. so wht is your time-frame of longterm?
ReplyDeleteHi Ace, Richa industries involved in insider trading for second time.it is a clear sell please see the sebi outcome against richa industries.Earlier also MD found for Insider trading and having profit by buying and selling shares in short term,I can provide both copy of Sebi where they are found guilty.
ReplyDeleteHi Ace,
ReplyDeleteWhat are view of Richa Industries now, after the recent quater results and at the CMP of 26. Can this stock every deliver results of 100 to 300 % in the near future. ???
Your views are appreciated.
NG
I am positive on Richa but could not understand your 100-300% theory.
Deletewhat are the current views on richa industries
ReplyDeleteRicha is doing well as for the results, the rating however has not been improved by the market maybe because the DEBT and the PLEDGE is a big overhang on the stock.. I hope with good business these things too should be improved by Richa management and then it can trigger a wealth creation for shareholders.
DeletePrem Bai.
ReplyDeleteWe have seen that last quarter result of Richa was not upto mark and went little down from the expectations..Hope the next quarter will be better than the last quarter. could you please throw some lights on the below matters, how its impact in share price
1. Preferential allotment of equity to promoters.....
2. Issue of NCD
3. Short term borrowings has got increased in March 2016 than 2015.......do they have failed to pay the loan instalments or do they have fresh loans injected....
I am holding the shares and want to know whether I can add more at these levels for investment of 2-3 years time horizon
Thank you