Rangoli Tradecomm Ltd, engaged in the Trading business of Polymers, Textile products, Metals — ferrous & non-ferrous, manganese & various commodities, has posted stellar performance for the financial year FY2020-21.
The company has registered robust all-round performance on all parameters — Revenues, Margins and Profitability despite challenging economic environment on account of spread of Covid-19 pandemic globally.
The company posted revenues of Rs1187cr driven by its aggressive all-round strategy across product categories and markets. Revenues jumped by 7x during the year. The revenue growth was equally supported by improved profitability as EBIDTA and PAT jumped by 23x and 24x respectively to Rs71cr & Rs51cr.
EBIDTA Margins improved from 1.9% to 6.0% and PAT Margins improved from 1.3% to 4.3% as the company reaped the benefits of its unique business model. The diluted Earnings Per Share (EPS) for FY 20-21 is Rs61.5
Rangoli Tradecomm has built a distinguished business model, which has been instrumental in accelerating the growth of the company within very short span of time. The company has a wide basket of product portfolio across polymers, PVC, textiles, metals and many more commodities, which offers it a wider and scalable market to cater.
On the marketing side, the company is fully focused on the Institutional trade - B2B (business to business). With effective sourcing, the company brings substantial value preposition for its customers, which helps to build sustainable and scalable long-term relationships with its buyers. It is geographically spread across Delhi, North India, Haryana, Himachal Pradesh, Rajasthan, Punjab, Gujarat, and Maharashtra and is planning to establish its footprint pan-India in coming years.
Commenting on its stellar performance, Ushik Gala, Chairman & Managing Director of Rangoli Tradecomm Ltd said, “We at Rangoli Tradecomm Ltd are extremely pleased to announce robust performance in these difficult times. With a record revenue of Rs1187cr and Net Profits after Tax of Rs51cr, the company has demonstrated the strength of its distinguished business model. We are redefining — Supply-Chain-Engineering concept and are bringing in substantial value preposition especially for the SME, which remain key pillar of our economy.
We would like to thrive further from hereon in coming years by expanding our product portfolio and geographic presence tocreate substantial value for our stakeholders."
At around 12:45 PM, Rangoli Tradecomm was trading at Rs647 per piece higher by Rs26.25 or 4.23% hitting new 52-week high on Sensex.