Rachana Infrastructure Ltd.

•

₹ 36.65-0.54%

2026-08-21

rachanainfra.comBSE: -NSE: RILINFRA

Market Cap₹ 68 Cr.

Current Price₹ 37

High / Low₹ 48 / 28

Stock P/E0.0

Book Value₹ 47

Price to Book0.68

Dividend Yield0.00 %

ROCE8.3 %

ROE4.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Infrastructure & Mining: 99.8% • Trading: 0.2%

PROS

Company is almost debt free
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.6

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (49.0% of PBT)
Company has a low return on equity of 4.4% over last 3 years
Company has a low return on capital employed of 8.1%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.31x)
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	LT	4030.10	33.42	554487.79	0.94	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	223.10	51.71	46516.80	0.32	1595.20	1087.26	43212.30	1005.52	10.81	4.41
3.	KPIL	1377.05	20.69	23516.23	0.80	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	18.97	24.01	22911.97	0.69	3062.70	1412.58	21372.72	918.25	24.76	53.93
5.	CEMPRO	1263.50	36.08	21705.36	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	236.95	16.98	13317.59	2.11	157.94	141.49	819.84	-5.80	25.84	20.61
7.	TECHNOE	997.70	26.92	11603.21	0.70	93.33	-31.44	630.34	19.84	16.54	15.79
8.	IRCON	122.60	22.02	11530.72	1.55	92.03	-43.92	1955.83	9.49	12.69	9.81
9.	KEC	423.05	20.34	11261.59	1.30	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	AFCONS	277.95	70.65	10222.57	0.72	30.30	-77.95	2671.00	-20.75	12.88	9.42
11.	WAAREERTL	880.80	18.09	9193.72	0.00	118.98	37.72	924.25	53.23	81.92	18.77
12.	RILINFRA	36.75	0.00	68.37	0.00	—	—	—	—	8.31	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	112	154	104	63	64	91	94
	97	141	94	57	57	84	87
Operating Profit	17	18	13	9	8	10	10
OPM %	15	11	12	14	12	10	11
Other Income	2	4	3	3	2	2	3
Interest	6	6	5	4	3	3	2
Depreciation	4	4	2	2	2	2	2
	6	8	5	3	3	5	6
Tax %	25	27	12	25	26	20	26
Net Profit	5	6	5	2	2	4	4
EPS	9	11	3	1	1	2	2
Dividend Payout %	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0
Adjusted EPS	3	4	3	1	1	2	2
Minority Interest	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0
Adjusted EPS	3	4	3	1	1	2	2

Mar 2019

: 112
: 97
Operating Profit: 17
OPM %: 15
Other Income: 2
Interest: 6
Depreciation: 4
: 6
Tax %: 25
Net Profit: 5
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2020

: 154
: 141
Operating Profit: 18
OPM %: 11
Other Income: 4
Interest: 6
Depreciation: 4
: 8
Tax %: 27
Net Profit: 6
EPS: 11
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2021

: 104
: 94
Operating Profit: 13
OPM %: 12
Other Income: 3
Interest: 5
Depreciation: 2
: 5
Tax %: 12
Net Profit: 5
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2022

: 63
: 57
Operating Profit: 9
OPM %: 14
Other Income: 3
Interest: 4
Depreciation: 2
: 3
Tax %: 25
Net Profit: 2
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2023

: 64
: 57
Operating Profit: 8
OPM %: 12
Other Income: 2
Interest: 3
Depreciation: 2
: 3
Tax %: 26
Net Profit: 2
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2024

: 91
: 84
Operating Profit: 10
OPM %: 10
Other Income: 2
Interest: 3
Depreciation: 2
: 5
Tax %: 20
Net Profit: 4
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2025

: 94
: 87
Operating Profit: 10
OPM %: 11
Other Income: 3
Interest: 2
Depreciation: 2
: 6
Tax %: 26
Net Profit: 4
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -9%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -7%
3 Years:: 23%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -28%
1 Year:: -23%

RETURN ON EQUITY

10 Years:: —
5 Years:: 6%
3 Years:: 4%
Last Year:: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	5	5	5	16	19	19	19
	23	29	46	34	72	75	79
	9	10	7	4	-0	0	0
Trade Payables	1	24	4	15	5	12	6
	40	36	28	33	18	18	15
Total Liabilities	79	105	91	102	113	124	120
ASSETS	-	-	-	-	-	-	-
	18	15	10	11	10	12	10
	10	10	22	18	18	17	17
	2	3	3	4	4	4	3
	0	0	0	0	0	25	23
Cash & Bank	2	1	1	1	2	5	4
	47	76	55	68	80	61	62
Total Assets	79	105	91	102	113	124	120
Total Debt	35	33	20	18	7	10	7
Net Working Capital	7	16	24	24	54	58	61
Contingent Liabilities	17	17	24	24	19	15	50
Book Value per Share	54.08	65.68	74.73	24.78	42.73	44.68	46.89
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	35	33	20	18	7	10	7
Net Working Capital	7	16	24	24	54	58	61
Contingent Liabilities	17	17	24	24	19	15	50
Book Value per Share	54.08	65.68	74.73	24.78	42.73	44.68	46.89
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2019

Equity Capital: 5
: 23
: 9
Trade Payables: 1
: 40
Total Liabilities: 79
: 18
: 10
: 2
: 0
Cash & Bank: 2
: 47
Total Assets: 79
Total Debt: 35
Net Working Capital: 7
Contingent Liabilities: 17
Book Value per Share: 54.08
Face Value: 10.00
Total Debt: 35
Net Working Capital: 7
Contingent Liabilities: 17
Book Value per Share: 54.08
Face Value: 10.00

Mar 2020

Equity Capital: 5
: 29
: 10
Trade Payables: 24
: 36
Total Liabilities: 105
: 15
: 10
: 3
: 0
Cash & Bank: 1
: 76
Total Assets: 105
Total Debt: 33
Net Working Capital: 16
Contingent Liabilities: 17
Book Value per Share: 65.68
Face Value: 10.00
Total Debt: 33
Net Working Capital: 16
Contingent Liabilities: 17
Book Value per Share: 65.68
Face Value: 10.00

Mar 2021

Equity Capital: 5
: 46
: 7
Trade Payables: 4
: 28
Total Liabilities: 91
: 10
: 22
: 3
: 0
Cash & Bank: 1
: 55
Total Assets: 91
Total Debt: 20
Net Working Capital: 24
Contingent Liabilities: 24
Book Value per Share: 74.73
Face Value: 10.00
Total Debt: 20
Net Working Capital: 24
Contingent Liabilities: 24
Book Value per Share: 74.73
Face Value: 10.00

Mar 2022

Equity Capital: 16
: 34
: 4
Trade Payables: 15
: 33
Total Liabilities: 102
: 11
: 18
: 4
: 0
Cash & Bank: 1
: 68
Total Assets: 102
Total Debt: 18
Net Working Capital: 24
Contingent Liabilities: 24
Book Value per Share: 24.78
Face Value: 10.00
Total Debt: 18
Net Working Capital: 24
Contingent Liabilities: 24
Book Value per Share: 24.78
Face Value: 10.00

Mar 2023

Equity Capital: 19
: 72
: -0
Trade Payables: 5
: 18
Total Liabilities: 113
: 10
: 18
: 4
: 0
Cash & Bank: 2
: 80
Total Assets: 113
Total Debt: 7
Net Working Capital: 54
Contingent Liabilities: 19
Book Value per Share: 42.73
Face Value: 10.00
Total Debt: 7
Net Working Capital: 54
Contingent Liabilities: 19
Book Value per Share: 42.73
Face Value: 10.00

Mar 2024

Equity Capital: 19
: 75
: 0
Trade Payables: 12
: 18
Total Liabilities: 124
: 12
: 17
: 4
: 25
Cash & Bank: 5
: 61
Total Assets: 124
Total Debt: 10
Net Working Capital: 58
Contingent Liabilities: 15
Book Value per Share: 44.68
Face Value: 10.00
Total Debt: 10
Net Working Capital: 58
Contingent Liabilities: 15
Book Value per Share: 44.68
Face Value: 10.00

Mar 2025

Equity Capital: 19
: 79
: 0
Trade Payables: 6
: 15
Total Liabilities: 120
: 10
: 17
: 3
: 23
Cash & Bank: 4
: 62
Total Assets: 120
Total Debt: 7
Net Working Capital: 61
Contingent Liabilities: 50
Book Value per Share: 46.89
Face Value: 10.00
Total Debt: 7
Net Working Capital: 61
Contingent Liabilities: 50
Book Value per Share: 46.89
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	9	-3	-37	6	-8	11	-0
Cash from Investing	-4	-0	3	-2	-10	-4	7
Cash from Financing	-4	2	34	-4	19	-5	-7
	1	-1	-0	0	1	3	-1
Free Cash Flow	9	-3	-37	5	-8	8	-0
OCF / Net Profit	1.85	-0.43	-7.90	2.88	-3.48	3.16	-0.12
Cumulative 5-Year FCF	0	0	0	0	0	-34	-32
OCF / Net Profit	1.85	-0.43	-7.90	2.88	-3.48	3.16	-0.12
Cumulative 5-Year FCF	0	0	0	0	0	-34	-32

Mar 2019

: 9
Cash from Investing: -4
Cash from Financing: -4
: 1
Free Cash Flow: 9
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.85
Cumulative 5-Year FCF: 0

Mar 2020

: -3
Cash from Investing: -0
Cash from Financing: 2
: -1
Free Cash Flow: -3
OCF / Net Profit: -0.43
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.43
Cumulative 5-Year FCF: 0

Mar 2021

: -37
Cash from Investing: 3
Cash from Financing: 34
: -0
Free Cash Flow: -37
OCF / Net Profit: -7.90
Cumulative 5-Year FCF: 0
OCF / Net Profit: -7.90
Cumulative 5-Year FCF: 0

Mar 2022

: 6
Cash from Investing: -2
Cash from Financing: -4
: 0
Free Cash Flow: 5
OCF / Net Profit: 2.88
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.88
Cumulative 5-Year FCF: 0

Mar 2023

: -8
Cash from Investing: -10
Cash from Financing: 19
: 1
Free Cash Flow: -8
OCF / Net Profit: -3.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.48
Cumulative 5-Year FCF: 0

Mar 2024

: 11
Cash from Investing: -4
Cash from Financing: -5
: 3
Free Cash Flow: 8
OCF / Net Profit: 3.16
Cumulative 5-Year FCF: -34
OCF / Net Profit: 3.16
Cumulative 5-Year FCF: -34

Mar 2025

: -0
Cash from Investing: 7
Cash from Financing: -7
: -1
Free Cash Flow: -0
OCF / Net Profit: -0.12
Cumulative 5-Year FCF: -32
OCF / Net Profit: -0.12
Cumulative 5-Year FCF: -32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-
EPS (₹)	8.87	11.35	8.94	1.40	1.22	1.95	2.21
Book Value (₹)	54.08	65.68	74.73	24.78	42.73	44.68	46.89
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	5.80	6.19	4.43	2.70	2.22	3.27	3.36
PROFITABILITY	-	-	-	-	-	-	-
Operating Margin %	15.29%	11.45%	12.17%	14.12%	12.18%	7.76%	7.67%
Net Margin %	4.16%	3.87%	4.53%	3.49%	3.56%	3.97%	4.36%
ROE %	16.40%	18.96%	12.73%	5.63%	3.81%	4.46%	4.82%
ROCE %	19.94%	21.19%	16.26%	11.73%	8.17%	7.97%	8.31%
	5.93%	6.51%	4.81%	2.29%	2.10%	3.06%	3.37%
EFFICIENCY	-	-	-	-	-	-	-
Debtor Days	77	80	117	117	113	94	94
Inventory Days	6	6	11	22	24	16	12
Payable Days	19	-3850	0	-2706	197	386	107
	64	3935	128	2845	-59	-277	0
FINANCIAL HEALTH	-	-	-	-	-	-	-
Debt to Equity (x)	1.23x	0.95x	0.52x	0.47x	0.09x	0.11x	0.08x
Interest Coverage (x)	1.96x	2.44x	2.06x	1.74x	2.07x	2.75x	3.46x
	1.23x	1.30x	2.20x	1.76x	5.12x	3.78x	4.67x
GROWTH	-	-	-	-	-	-	-
Revenue Growth %	0.00%	37.71%	-32.77%	-39.11%	0.50%	44.02%	2.93%
Operating Profit Growth %	0.00%	3.11%	-28.51%	-29.38%	-13.28%	23.98%	3.51%
Net Profit Growth %	0.00%	28.02%	-21.29%	-53.03%	2.46%	60.40%	13.09%
	0.00%	0.00%	0.00%	0.00%	0.00%	60.39%	13.09%
VALUATION	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	20.69x	14.42x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.90x	0.68x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	8.31x	6.30x

Mar 2019

EPS (₹): 8.87
Book Value (₹): 54.08
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.80
Operating Margin %: 15.29%
Net Margin %: 4.16%
ROE %: 16.40%
ROCE %: 19.94%
: 5.93%
Debtor Days: 77
Inventory Days: 6
Payable Days: 19
: 64
Debt to Equity (x): 1.23x
Interest Coverage (x): 1.96x
: 1.23x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 11.35
Book Value (₹): 65.68
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.19
Operating Margin %: 11.45%
Net Margin %: 3.87%
ROE %: 18.96%
ROCE %: 21.19%
: 6.51%
Debtor Days: 80
Inventory Days: 6
Payable Days: -3850
: 3935
Debt to Equity (x): 0.95x
Interest Coverage (x): 2.44x
: 1.30x
Revenue Growth %: 37.71%
Operating Profit Growth %: 3.11%
Net Profit Growth %: 28.02%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 8.94
Book Value (₹): 74.73
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.43
Operating Margin %: 12.17%
Net Margin %: 4.53%
ROE %: 12.73%
ROCE %: 16.26%
: 4.81%
Debtor Days: 117
Inventory Days: 11
Payable Days: 0
: 128
Debt to Equity (x): 0.52x
Interest Coverage (x): 2.06x
: 2.20x
Revenue Growth %: -32.77%
Operating Profit Growth %: -28.51%
Net Profit Growth %: -21.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 1.40
Book Value (₹): 24.78
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.70
Operating Margin %: 14.12%
Net Margin %: 3.49%
ROE %: 5.63%
ROCE %: 11.73%
: 2.29%
Debtor Days: 117
Inventory Days: 22
Payable Days: -2706
: 2845
Debt to Equity (x): 0.47x
Interest Coverage (x): 1.74x
: 1.76x
Revenue Growth %: -39.11%
Operating Profit Growth %: -29.38%
Net Profit Growth %: -53.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 1.22
Book Value (₹): 42.73
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.22
Operating Margin %: 12.18%
Net Margin %: 3.56%
ROE %: 3.81%
ROCE %: 8.17%
: 2.10%
Debtor Days: 113
Inventory Days: 24
Payable Days: 197
: -59
Debt to Equity (x): 0.09x
Interest Coverage (x): 2.07x
: 5.12x
Revenue Growth %: 0.50%
Operating Profit Growth %: -13.28%
Net Profit Growth %: 2.46%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.95
Book Value (₹): 44.68
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.27
Operating Margin %: 7.76%
Net Margin %: 3.97%
ROE %: 4.46%
ROCE %: 7.97%
: 3.06%
Debtor Days: 94
Inventory Days: 16
Payable Days: 386
: -277
Debt to Equity (x): 0.11x
Interest Coverage (x): 2.75x
: 3.78x
Revenue Growth %: 44.02%
Operating Profit Growth %: 23.98%
Net Profit Growth %: 60.40%
: 60.39%
P/E (x): 20.69x
P/B (x): 0.90x
Dividend Yield %: 0.00%
: 8.31x

Mar 2025

EPS (₹): 2.21
Book Value (₹): 46.89
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.36
Operating Margin %: 7.67%
Net Margin %: 4.36%
ROE %: 4.82%
ROCE %: 8.31%
: 3.37%
Debtor Days: 94
Inventory Days: 12
Payable Days: 107
: 0
Debt to Equity (x): 0.08x
Interest Coverage (x): 3.46x
: 4.67x
Revenue Growth %: 2.93%
Operating Profit Growth %: 3.51%
Net Profit Growth %: 13.09%
: 13.09%
P/E (x): 14.42x
P/B (x): 0.68x
Dividend Yield %: 0.00%
: 6.30x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	66.03	66.03	65.38	65.38	65.10	66.12	66.37	68.32
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	33.97	33.97	34.62	34.62	34.89	33.88	33.63	31.68

Sep 2022

: 66.03
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.97

Mar 2023

: 66.03
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.97

Sep 2023

: 65.38
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 34.62

Mar 2024

: 65.38
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 34.62

Sep 2024

: 65.10
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 34.89

Mar 2025

: 66.12
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.88

Sep 2025

: 66.37
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.63

Mar 2026

: 68.32
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 31.68

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