LIVE TIPS RESEARCH

STOCK ANALYSIS:

RAJ OIL MILLS LTD

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Stock Analysis
Sector: Edible Oils CMP: Rs 63.40 Recommendation: BUY Target: Rs. 70-90 Stop Loss: Rs.57

BSE: 533093 | NSE: RAJOIL | ISIN: INE294G01018

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Stock Cues and Data:

Latest Price (INR) 1 Day Return% Market Capitalization Free Float % Total No of Shares TTM EPS TTM PE BSE CODE

63.40
6.00 229.56 68 36010108 11.17 14.12 533093

52 Week (High-Low) 1 Year Return% Daily Vol (NSE) Beta Face Value (INR) Book Value Dividend Yield% NSE CODE

133.50(H) 56.55 (L) -SSS 105171 0.7595 10.00 39.16

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RAJOIL

ABOUT THE COMPANY: Raj Oil Mills Limited (ROML) is engaged in the business of crushing and oil filtration with a capacity of 5000 tons per annum (TPA) and 30000 TPA respectively. The Company markets its products under brands, such as Cocoraj (coconut oil), Cocoraj Cool (ayurvedic oil), Guinea Groundnut Oil (double filtered oil), Guinea Lite Groundnut Oil (refined oil), Guinea Lite Sunflower Oil (refined oil), Guinea Lite Cottonseed Oil (refined oil), Guinea Lite Soyabean Oil (refined oil), Tilraj Til Oil, Mustraj Mustard Oil and Cocoraj Jasmine. These products are sold under three umbrella brands, namely, Cocoraj, Guinea and Raj. Cocoraj brand is a brand in the coconut oil segment and caters to the cooking oil market. It sells a variety of products, such as filtered groundnut oil, refined groundnut oil, soyabean oil, cotton seeds oil under its Guinea brand. Through Raj brand, it caters to a market segment in the edible oil market. Til oil and Mustard oil are the main products sold under Raj brand.

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Relative Performance (Comparison with Nifty)

SHAREHOLDING PATTERN (%):

1% 17%

22% 53% 7%

Promoter

Institutions

Corporate

Others

Public

Quarterly Analysis:
Quarterly Analysis Particulars Total Sales Total Expenditure PBIDT (Excl OI) PAT PBIDTM%(Excl OI) PBIDTM% PATM% EPS (Rs) Dec-09 99.85 86.1 13.75 7.88 13.77% 14.33 7.89% 2.19 Dec-08 100.31 85.69 14.62 8.03 14.57% 14.57 8.01% 2.23 %CHNG -0.46% 0.48% -5.95% -1.87% -5.52% -1.65% -1.42% -1.79%

STOCK OUTLOOK:
BUY RAJ OIL MILLS LTD @63.40 , TARGET TO Rs. 70-90 STOP LOSS: Rs. 57 ONE YEAR HOLDING

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Summary of Financial Statements:

DEC-08
Inc / Exp Performance Gross Sales Total Income Total Expenditure PBIDT Growth% PBIT PBT PAT Growth% Cash Profit Sources of Funds Equity Paid Up Reserves and Surplus Net Worth Total Debt Capital Employed Application of Funds Gross Block Investments Cash and Bank balance Net Current Assets Total Current Liabilities Total Assets Cash Flow Cash Flow from Operations Cash Flow from Investing activities Cash Flow from Finance activities Free Cash flow

Ratio Analysis
DEC-06
Key Ratios 1199.9 1200.51 1071.83 128.68 205.8 121.35 104.5 67.24 332.97 74.57 CPM(%) 9.65 11.17 0 11.56 208.95 7.92 9.82 0 10.25 186.67 6.21 7.89 0 8.75 63.22 85.2 97.76 178.45 78.8 257.25 152.03 1.75 15.59 138.19 185.74 261.76 38.46 -21.02 -11.02 149.13 PBIDTM(%) PATM(%) 16.46 9.32 13.44 7.59 10.72 5.6 ROCE(%) RONW(%) 54.8 41.22 69.46 59.29 54.76 47.38 Current Ratio(x) 10.29 4.13 2.18 Debt to Equity(x)

DEC-07
2390.95 2391.79 2070.51 321.28 149.67 313.34 284.07 181.52 169.96 189.46 184.9 249.58 433.89 211.05 644.94 210 0.25 24.38 454 274.08 645.53 -75.02 -90.55 174.36 495.66

DEC '08
0.3

DEC '07
0.47

DEC '06
0.56

3177.56 3178.33 2655.41 522.91 62.76 512.61 452.99 296.19 63.17 306.49 265.1 738.24 1003.35 222.46 1225.81 231.62 0.25 13.51 931.13 379.94 1225.81 -124.88 -116.02 230.03 779.48

EPS Price / Book Value(x) CEPS Enterprise Value Valuation Ratio EV/Net Sales(x) EV/EBITDA(x) EV/EBIT(x) EV/CE(x)

0.07 0.4 0.41 0.17

0.08 0.58 0.6 0.29

0.05 0.49 0.52 0.24

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ANALYST NAME: Shine Pkurian Dhritiman Das Sharath Natesh Prakash Ramani

EMAIL ID: shine.pkurian@livetips.co.in dhritiman.das@livetips.co.in sharath.natesh@livetips.co.in prakash.ramani@livetips.co.in

EXTN 124 124

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