Resurgere Mines & Minerals India Ltd
Resurgere Mines & Minerals India Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY06–FY16.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Stock is trading at 0.03 times its book value
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -80.8% over past five years.
- Company has a low return on equity of -12.5% over last 3 years.
- Contingent liabilities of Rs.24.5 Cr.
- Company has high debtors of 7,39,695 days.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 3 | 1 | 1 | 0 |
| Operating Profit | -1 | 0 | -1 | 0 | -1 | -1 | 0 | 0 | 0 | -3 | -1 | -1 | 0 |
| OPM % | -883% | -281% | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Interest | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 10 | 10 |
| Depreciation | 10 | 9 | 7 | 7 | 7 | 7 | 7 | 7 | 5 | 2 | 2 | 2 | 2 |
| PBT | -17 | -16 | -15 | -15 | -16 | -15 | -15 | -15 | -14 | -14 | -11 | -12 | -11 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -17 | -16 | -15 | -15 | -16 | -15 | -15 | -15 | -14 | -14 | -11 | -12 | -11 |
| EPS in Rs | -0.86 | -0.79 | -0.74 | -0.74 | -0.78 | -0.75 | -0.74 | -0.74 | -0.68 | -0.72 | -0.57 | -0.6 | -0.54 |
Profit & Loss
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 85 | 164 | 403 | 434 | 526 | 611 | 54 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 70 | 113 | 295 | 384 | 469 | 568 | 56 | 4 | 3 | 2 | 3 | 5 |
| Operating Profit | 15 | 51 | 108 | 50 | 57 | 43 | -2 | -4 | -3 | -2 | -3 | -5 |
| OPM % | 17% | 31% | 27% | 12% | 11% | 7% | -3.5% | -3292% | -4100% | -822% | -1638% | — |
| Other Income | 0 | 0 | 1 | 5 | 9 | 8 | 5 | 3 | 2 | 2 | 2 | 2 |
| Interest | 0 | 1 | 4 | 10 | 14 | 18 | 18 | 19 | 21 | 24 | 27 | 37 |
| Depreciation | 0 | 0 | 2 | 13 | 7 | 26 | 62 | 47 | 34 | 41 | 40 | 7 |
| PBT | 14 | 50 | 103 | 32 | 45 | 8 | -77 | -68 | -56 | -64 | -67 | -48 |
| Tax % | 35% | 37% | 38% | 33% | 38% | 42% | 0% | 0% | 6% | 0% | 0% | — |
| Net Profit | 9 | 32 | 64 | 22 | 28 | 4 | -77 | -68 | -59 | -64 | -67 | -48 |
| EPS in Rs | — | — | — | 2.48 | 3.16 | 0.22 | -3.87 | -3.42 | -2.96 | -3.24 | -3.37 | -2.43 |
| Div. Payout % | 1% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Sep 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 18 | 24 | 29 | 29 | 199 | 199 | 199 | 199 | 199 | 199 | 199 |
| Reserves | 9 | 35 | 203 | 330 | 379 | 510 | 447 | 387 | 341 | 282 | 223 | 96 |
| Borrowings | 9 | 7 | 55 | 116 | 122 | 122 | 119 | 117 | 117 | 117 | 117 | 117 |
| Other Liabilities | 30 | 44 | 78 | 49 | 54 | 171 | 225 | 242 | 268 | 293 | 321 | 408 |
| Total Liabilities | 52 | 103 | 360 | 524 | 584 | 1,002 | 990 | 945 | 925 | 890 | 860 | 821 |
| Fixed Assets | 2 | 2 | 2 | 13 | 182 | 199 | 176 | 153 | 131 | 100 | 70 | 16 |
| CWIP | 0 | 0 | 60 | 183 | 16 | 161 | 161 | 161 | 161 | 161 | 161 | 0 |
| Investments | 0 | 0 | 19 | 26 | 19 | 20 | 23 | 23 | 23 | 23 | 22 | 20 |
| Other Assets | 49 | 100 | 279 | 301 | 366 | 623 | 630 | 609 | 611 | 607 | 607 | 785 |
| Total Assets | 52 | 103 | 360 | 524 | 584 | 1,002 | 990 | 945 | 925 | 890 | 860 | 821 |
Cash Flow
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -7 | -17 | -51 | -20 | -28 | -114 | 14 | 18 | 20 | 22 | 24 |
| Investing | 0 | 0 | -79 | -137 | 8 | -176 | -1 | 2 | 1 | 2 | 3 |
| Financing | 7 | 18 | 140 | 164 | 14 | 280 | -17 | -20 | -21 | -24 | -27 |
| Net Cash Flow | 0 | 1 | 9 | 7 | -6 | -9 | -4 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -7 | -17 | -112 | -155 | -33 | -295 | 14 | 18 | 19 | 22 | 24 |
| CFO/OP | -46 | -21 | -30 | 24 | -49 | -266 | -747 | -420 | -691 | -1,152 | -914 |
Ratios
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 75 | 67 | 109 | 110 | 181 | 2,196 | 9,10,843 | 16,91,514 | 5,14,634 | 7,39,695 |
| Inventory Days | — | 158 | 144 | 39 | 48 | 34 | 208 | 28,176 | — | — | 2,53,584 |
| Days Payable | — | 23 | 33 | 42 | 21 | 127 | 1,174 | 1,55,885 | — | — | 13,97,585 |
| Cash Conversion Cycle | 61 | 210 | 178 | 106 | 137 | 87 | 1,230 | 7,83,134 | 16,91,514 | 5,14,634 | -4,04,306 |
| Working Capital Days | 77 | 118 | 164 | 188 | 208 | 156 | 1,686 | 6,64,777 | 11,70,034 | 3,28,151 | 4,30,860 |
| ROCE % | — | 126% | 63% | 11% | 12% | 4% | -7% | -7% | -5% | -6% | -7% |
Documents
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Company Information
Resurgere Mines & Minerals India Limited is a Public Limited Company engaged in the business of extraction,processing & sale of Ore and exploration & development of mining assets. Presently the Company is enjoying longterm raising and purchasing rights for Bauxite Mine in the State of Maharashtra and mining rights for Soapstone in theState of Rajasthan. The Company has also 99.98 % equity holding in Shri Warana Minerals (India) Pvt. Ltd. having another bauxite mine inthe State of Maharashtra through its wholly owned subsidiary i.e. Warana Minerals Private Limited.(Source 2015 Annual Report)