Rishiroop Rubber is in the business of trading of industrial raw materials. The company supplies raw materials to various industries. Management expects to widen the company’s product offerings and customer base – both domestically as well as internationally. The company reported losses or marginal operating profits in the years leading up to 31 st March, 2009 – after which it reported growing operating profits on growing revenues – reporting about 7cr in operating profits on revenues of about 60cr in the last financial year. Investors ought to note that cash flows have not kept up (as is usually the case in rapidly growing enterprises due to working capital needs among other factors) and their commitments would also depend on how well management manages its financial position rather than just growth for its own sake. However, the company reported liquid assets and cash of about 12cr as at 31 st March, 2012. Nevertheless, management have never declared a dividen
An Individual Investor's Perspectives On The Indian Financial Markets