*Rajoo Engineers Ltd on Growth Track*
Udaipur. BSE listed, Rajoo Engineers Ltd, (BSE code 522257)an undisputed global player in manufacture of blown film, sheet extrusion machinery, with its world-class, state-of-the-art integrated manufacturing facilities at Rajkot, is on growth path with its major expansion plans. It Caters to Wide array of Industry Sectors including FMCG, Flexible Packaging, Agriculture, Food & Beverages, Pharmaceuticals, etc. The company is the third largest player in the category competing with Windsor Machines and Kabra Extrusion in the BSE listed space.
Outperformed in terms of financial performance compared to Industry giants and peers . Rajoo’s strong relationship, commitment to quality and service, continued to ensure a robust order book in place. The Company’s 9MFY19 financial performance was significantly better .
Strong order book to give 20% plus top-line CAGR over FY20: The order inflow for Rajoo Engineers (REL) is strong and is expected to grow at 20% plus CAGR in the standard product portfolio (standalone basis). Company has launched two new products in INR 50mn price bracket which received great response from the market and is expected to provide upward push whereby turnover and profitability is expected to improve substantially. *According to some leading Analysts, this scrip is an Excellnt Investment opportunity at current levels*
Operating leverage to improve margins higher than competitors: REL on current gross block expects to achieve turnover of INR 2bn with asset turnover of 3x.
REL intends to create additional infrastructure post FY20E onwards.
Focus on high level of R&D to yield results.
REL’s team of engineers in the R&D department is over 40 in the total employee strength of nearly 500 people. This R&D is expected to yield results FY19 onwards and add to the bottom line of the company from FY20 onwards
JV with Bausano group: major beneficiary of government’s focus on agriculture: 49:51 JV with Italian major Bausano group has key clients like Astral and Finolex Industries as it manufactures machines for manufacturing of PVC pipes which find application in the residential and agricultural sector. JV is
expected to benefit from Government’s push in housing
and irrigation sector. High Impact Alliance with Kohli Industries: Rajoo Engineers (well known for bringing in world-class extrusion technology at affordable prices and have developed India’s first three layer feed block and 1600 mm extrusion coating die with internal deckling to reduce edge bead) and Kohli Industries (leaders in rotogravure printing and laminating machines for the flexible packaging industry with a footprint in over 30 countries), joined hands to create a formidable alliance to build and maintain one of the most advanced and versatile Extrusion Coating and Lamination machines.
This alliance will start to bear fruit from FY20 onwards both in operational and financial performance of Rajoo Eng.
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