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Ritesh International
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Ritesh International Limited was incorporated in the 1981 as Sukhchain & Co. (P) Ltd With the Registrar of companies, Punjab, H.P and Chandigarh at Jalandhar. Subsequently the name of the company has been changed to its present name, Ritesh International Limited. The company has its manufacturing facilities at Village Akbarpura, Ahmedgarh Distt Sangrur Punjab.
In 1984, the company started the unit with the manufacture of Industrial Hard Oil and supplies the same to Hindustan Lever ltd, now Hindustan Unilever Ltd. In 1989, the company installed the fat splitting unit with an installed capacity of 30 M. Tonnes per day. Then, the company put up an additional plant to manufacture Stearic Acid of Rubber Grade and crude Glycerine.
In 1991, the company put up an additional plant to process the Crude Glycerine into Refined Glycerine. Then, the company makes the modifications in the plant to manufacture Stearic Acid of Cosmetic Grade and PVC Grade. For the three years i.e. from 1990-1993, the company has done the job work for Hindustan Lever Ltd, now Hindustan Unilever Ltd.
At present the Company is manufacturing the following items, namely Stearic Acid- Rubber Grade, Cosmetic Grade, PVC grade, Glycerine- Crude Glycerine and Refined Glycerine and Fatty Acid- Fatty Acid and Distilled Fatty Acid. The company has the capacity to produce Stearic Acid of 6000 M. Tonnes per annum.
The company sells its products in the various States/ Union Territory like Punjab, Haryana, Delhi , Rajasthan, Mumbai and Calcutta etc.
Ritesh International share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ritesh International indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ritesh International is valued compared to its competitors.
Ritesh International PE ratio helps investors understand what is the market value of each stock compared to Ritesh International 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ritesh International evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ritesh International generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ritesh International in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ritesh International shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ritesh International compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ritesh International over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ritesh International helps investors get an insight into when they can enter or exit the stock. Key components of Ritesh International Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ritesh International shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ritesh International ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ritesh International provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ritesh International highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ritesh International .
The balance sheet presents a snapshot of Ritesh International ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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