Reliance Naval And Engineering Limited
RNEL, formerly known as Reliance Defence & Engineering Limited and prior to that as Pipavav Shipyard Limited and Pipavav Defence & Offshore Engineering Company Limited [3] is an Indian shipbuilding and Heavy industry company headquartered in Mumbai. ...
Key Metrics
EPS
-446.63
Current ratio
2.53
Debt/Equity
4.68
Debt/EBITDA
-84.10
Interest coverage ratio
-3.60
Operating Cashflow to total debt
-0.03
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Stock is trading at 0.46 times its book value
Cons
Company has low interest coverage ratio.
Company might be capitalizing the interest cost
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About Reliance Naval And Engineering Limited bond.
This comprehensive profile covers key factual information about Reliance Naval And Engineering Limited. RNEL, formerly known as Reliance Defence & Engineering Limited and prior to that as Pipavav Shipyard Limited and Pipavav Defence & Offshore Engineering Company Limited [3] is an Indian shipbuilding and Heavy industry company headquartered in Mumbai. It is part of Reliance Anil Dhirubhai Ambani Group of Companies.The shipyard is located in Pipavav, Gujarat, at a distance of 90 km South of Amreli, 15 km South of Rajula and 140 km South West of Bhavnagar. EPS in Mar-2024 was -446.63. Current ratio in Mar-2024 was 2.53. Debt/Equity in Mar-2024 was 4.68. Debt/EBITDA in Mar-2024 was -84.10. Interest coverage ratio in Mar-2024 was -3.60. Operating Cashflow to total debt in Mar-2024 was -0.03. Total revenue for March-2024 was ₹2.46. Net income for March-2024 stood at ₹-120.59. Total assets as of Mar-2024 were ₹2,743.42. Operating cash flow for Mar-2024 was ₹-70.14. Peers and comparison entities consist of Reliance Naval And Engineering Limited, Mazagon Dock Shipbuilders Limited, Cochin Shipyard Limited, Garden Reach Shipbuilders & Engineers Limited. As of Sep 2024, promoters hold 94.91% while others hold N/A% of equity. Key strengths include: Stock is trading at 0.46 times its book value; . Key risks include: Company has low interest coverage ratio.; Company might be capitalizing the interest cost. This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.