What is Radha Madhav Financial Strength?
Radha Madhav has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Radha Madhav Corp Ltd displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Radha Madhav has no long-term debt (1).
Radha Madhav's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, Radha Madhav's Altman Z-Score is -0.49.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Radha Madhav's Financial Strength
For the Packaging & Containers subindustry, Radha Madhav's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Radha Madhav's Financial Strength Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Radha Madhav's Financial Strength distribution charts can be found below:
* The bar in red indicates where Radha Madhav's Financial Strength falls into.
Radha Madhav Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Radha Madhav's Interest Expense for the
months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹-4.78 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil.
Radha Madhav's Interest Coverage for the quarter that ended in Mar. 2024 is
| Radha Madhav had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Radha Madhav Corp Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
Radha Madhav's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Radha Madhav has a Z-score of -0.49, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -0.49 is in distress zone. This implies bankruptcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Radha Madhav (BOM:532692) Business Description
Traded in Other Exchanges
Address
Survey No. 50/9/A, Daman Industrial Estate, Village Kadaiya, Nani Daman, Daman and Diu, IND, 396210
Radha Madhav Corp Ltd is an India based multi-material, multi-process, multi-product packaging solutions provider. It is engaged in manufacturing variants of multilayered and functional films, providing packaging solutions in food, dairy, and pharmaceutical segments. Its principal business activities include manufacturing of plastics packaging products, such as film sheet, and other retail sales not in stores, stalls or markets. The company operates in a two segments such as Consumer and Other and Packaging Division and It generates revenue from the Consumer Division.
Radha Madhav (BOM:532692) Headlines
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