Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Ritesh International standalone net profit rises 6.25% in the September 2022 quarter

Ritesh International standalone net profit rises 26.32% in the September 2021 quarter

Ritesh International reports standalone net profit of Rs 0.30 crore in the June 2021 quarter

Ritesh International standalone net profit declines 75.00% in the March 2021 quarter

Ritesh International standalone net profit rises 132.97% in the December 2020 quarter

Ritesh International Limited is an India-based company that is primarily engaged in the business of manufacturing and selling stearic acid, fatty acids, glycerin and readymade garments. The Company is focused on Stearic Acids and Other Non-Edible Oils Division and Knitwear Division. The Company's products have applications in rubber and polyvinyl chloride (PVC) industries. The Company manufactures a range of products, including Wonder Stearic Acid and Refined Glycerine. It is engaged in manufacturing and supplying different stearic acid grades that are available in liquid product form, as well as flakes and sprayed prills. The Company supplies Stearic Acid to various industries in Ludhiana, Jalandhar, Mumbai, Delhi, Noida, Jaipur and Rajasthan for a range of applications that are used in diverse industries.

Ritesh International Ltd

Ritesh International Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Ritesh International standalone net profit rises 6.25% in the September 2022 quarter

Ritesh International standalone net profit rises 26.32% in the September 2021 quarter

Ritesh International reports standalone net profit of Rs 0.30 crore in the June 2021 quarter

Ritesh International standalone net profit declines 75.00% in the March 2021 quarter

Ritesh International standalone net profit rises 132.97% in the December 2020 quarter

Ritesh International Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Ritesh International standalone net profit rises 6.25% in the September 2022 quarter

Ritesh International standalone net profit rises 26.32% in the September 2021 quarter

Ritesh International reports standalone net profit of Rs 0.30 crore in the June 2021 quarter

Ritesh International standalone net profit declines 75.00% in the March 2021 quarter

Ritesh International standalone net profit rises 132.97% in the December 2020 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock