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Riddhi Siddhi Gluco Biols
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Riddhi Siddhi Gluco Boils Ltd (Formerly known as Riddhi Siddhi Starch & Chemicals Limited) was incorporated in Jul.'90. The company became a public limited company in Feb.'92 and its name was changed to the present one in Apr.'92. The Company is engaged in the business of generation and selling power through windmills and in business of trading in agriculture and metal commodity items. The Company had sold its Corn Processing Business during FY 2011-12, and invested the sale proceeds realized into various treasury instruments to optimize the return on surplus / idle funds.
The company came out with a public issue in Nov.'93 to part-finance a project to set up an unit to manufacture starch and its by-products in Junapadhar (Ahmedabad district), Gujarat.
The company's products include maize starch powder, white dextrine, yellow dextrine, thin boiling starch and oxidised starch. These products are used in industries like food products, pharmaceutical formulations, packing materials, textiles, etc. The by-products generated during the manufacturing process are husk fibre, gluten, oil cake and maize oil. Husk fibre, gluten and oil cake are sold as cattle feed and maize oil is refined further to produce edible oil.
The Company enhanced the capacity of down stream products with substantial increase in the basic capacity of maize crushing and implemented a 6 MW Bio Mass based Co-generation Power Plant at its Gokak unit during the year 2001-02.
During 2007-08, the Company expanded the Viramgam unit from 100 tpd to 250 tpd of corn grinding. It implemented the new plant in Rudrapur, Uttarakhand, having 1500 tpd of corn grinding capacity costing Rs 125 crore. Resulting to this, the said Unit commenced operations and the total corn grinding capacity of the Company reached 5 lac tonnes per annum in 2008.
The Company expanded capacity at Pantnagar Unit in Uttarakhand in 2009-10.
In 2010-11, 7.65MW Wind Energy Plant was commissioned in Tamil Nadu, Maharashtra and Gujarat.
During 2011-12, the Scheme of Arrangement for Demerger and Transfer of Demerged Undertaking of the Company to Riddhi Siddhi Corn Processing Private Limited (RSCPPL) became effective from May 29, 2012. Accordingly, the Company's Corn Wet Milling business along with its assets and liabilities got transferred to RSCPPL effective on October 1, 2011.
Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols is valued compared to its competitors.
Riddhi Siddhi Gluco Biols PE ratio helps investors understand what is the market value of each stock compared to Riddhi Siddhi Gluco Biols '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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols helps investors get an insight into when they can enter or exit the stock. Key components of Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols ’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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols 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 Riddhi Siddhi Gluco Biols .
The balance sheet presents a snapshot of Riddhi Siddhi Gluco Biols ’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.