NASDAQ : RECT
Rectitude Holdings Ltd — Financial statements
Consumer Discretionary · Specialty Retail · Singapore
Last price 1.24 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.98M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Rectitude Holdings Ltd (RECT) reported revenue of 51.26M SGD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in SGD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 51.26M | 51.26M | 43.80M | 41.35M | 37.64M | 29.81M |
| Cost of Revenue | 35.16M | 35.16M | 29.44M | 26.99M | 25.80M | 21.31M |
| Gross Profit | 16.10M | 16.10M | 14.36M | 14.36M | 11.85M | 8.50M |
| Selling, General & Admin | 11.84M | 11.84M | 11.96M | 10.12M | 6.98M | 5.91M |
| Research & Development | 156.95K | 76.39K | 83.68K | 89.07K | ||
| Operating Expenses | 11.84M | 11.84M | 12.12M | 10.20M | 7.06M | 6.00M |
| Operating Income | 4.26M | 4.26M | 2.24M | 4.16M | 4.78M | 2.50M |
| Interest Expense | -175.25K | -175.25K | -200.64K | -214.46K | -142.50K | -119.18K |
| Interest & Investment Income | 162.33K | 162.33K | 300.13K | |||
| Currency Exchange Gain (Loss) | 402.62K | 402.62K | 13.29K | 21.08K | 403.00 | 123.00 |
| Other Non Operating Income (Expenses) | 62.98K | 62.98K | 76.05K | 165.33K | 102.10K | 134.09K |
| EBT Excluding Unusual Items | 4.72M | 4.72M | 2.43M | 4.14M | 4.74M | 2.52M |
| Gain (Loss) on Sale of Assets | 34.53K | 34.53K | 957.00 | 5.00K | 386.00 | -3.72K |
| Other Unusual Items | 30.80K | 7.03K | 53.99K | |||
| Pretax Income | 4.75M | 4.75M | 2.46M | 4.15M | 4.80M | 2.52M |
| Income Tax Expense | 1.16M | 1.16M | 219.95K | 792.21K | 870.33K | 439.01K |
| Net Income | 3.59M | 3.59M | 2.24M | 3.36M | 3.93M | 2.08M |
| Net Income to Common | 3.59M | 3.59M | 2.24M | 3.36M | 3.93M | 2.08M |
| Shares Outstanding (Basic) | 14.50M | 14.50M | 14.06M | 12.50M | 12.50M | 12.50M |
| Shares Outstanding (Diluted) | 14.50M | 14.50M | 14.06M | 12.50M | 12.50M | 12.50M |
| EPS (Basic) | 0.25 | 0.25 | 0.16 | 0.27 | 0.31 | 0.17 |
| EPS (Diluted) | 0.25 | 0.25 | 0.16 | 0.27 | 0.31 | 0.17 |
| Free Cash Flow | -2.35M | -2.35M | -415.68K | 3.96M | 3.59M | 1.13M |
| Free Cash Flow Per Share | -0.16 | -0.16 | -0.03 | 0.32 | 0.29 | 0.09 |
| Gross Margin | 31.41% | 31.41% | 32.78% | 34.73% | 31.47% | 28.52% |
| Operating Margin | 8.32% | 8.32% | 5.11% | 10.07% | 12.71% | 8.40% |
| Profit Margin | 7.00% | 7.00% | 5.11% | 8.11% | 10.43% | 6.97% |
| Free Cash Flow Margin | -4.59% | -4.59% | -0.95% | 9.59% | 9.55% | 3.80% |
| EBITDA | 4.95M | 4.95M | 2.85M | 4.70M | 5.32M | 3.04M |
| EBITDA Margin | 9.65% | 9.65% | 6.50% | 11.37% | 14.14% | 10.18% |
| D&A For EBITDA | 682.37K | 682.37K | 609.71K | 536.01K | 540.11K | 530.93K |
| EBIT | 4.26M | 4.26M | 2.24M | 4.16M | 4.78M | 2.50M |
| EBIT Margin | 8.32% | 8.32% | 5.11% | 10.07% | 12.71% | 8.40% |
| Effective Tax Rate | 24.42% | 24.42% | 8.95% | 19.10% | 18.14% | 17.45% |
| Advertising Expenses | 229.18K | 229.18K | 460.59K | 344.38K | 368.73K | 199.75K |
Balance sheet
Fiscal year April - March; amounts in SGD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.05M | 6.05M | 6.65M | 3.47M | 2.43M | 1.14M |
| Cash & Short-Term Investments | 6.05M | 6.05M | 6.65M | 3.47M | 2.43M | 1.14M |
| Accounts Receivable | 15.51M | 15.51M | 11.55M | 11.51M | 10.92M | 9.39M |
| Other Receivables | 984.59K | 984.59K | 645.46K | 497.31K | 431.13K | 377.78K |
| Receivables | 16.49M | 16.49M | 12.19M | 12.01M | 11.35M | 9.77M |
| Inventory | 8.11M | 8.11M | 7.58M | 6.25M | 5.78M | 5.62M |
| Other Current Assets | 3.75M | 3.75M | 1.04M | 1.92M | 218.32K | 250.61K |
| Total Current Assets | 34.41M | 34.41M | 27.45M | 23.64M | 19.78M | 16.78M |
| Property, Plant & Equipment | 11.57M | 11.57M | 10.82M | 10.33M | 8.69M | 8.25M |
| Other Long-Term Assets | 233.72K | 233.72K | 236.77K | 231.29K | 221.79K | 220.25K |
| Total Assets | 48.62M | 48.62M | 43.69M | 34.21M | 28.70M | 25.25M |
| Accounts Payable | 8.86M | 8.86M | 7.57M | 6.44M | 6.67M | 6.08M |
| Accrued Expenses | 1.47M | 1.47M | 1.95M | 2.13M | 435.29K | 410.60K |
| Short-Term Debt | 186.95K | 25.82K | ||||
| Current Portion of Long-Term Debt | 487.27K | 487.27K | 400.02K | 598.85K | 381.08K | 1.14M |
| Current Portion of Leases | 1.72M | 1.72M | 1.50M | 1.41M | 881.30K | 765.93K |
| Current Income Taxes Payable | 856.43K | 856.43K | 454.00K | 1.18M | 1.05M | 491.45K |
| Other Current Liabilities | 217.27K | 217.27K | 256.23K | 929.63K | 2.00M | 1.26M |
| Total Current Liabilities | 13.61M | 13.61M | 12.13M | 12.68M | 11.60M | 10.18M |
| Long-Term Debt | 3.52M | 3.52M | 2.83M | 3.07M | 3.42M | 3.79M |
| Long-Term Leases | 3.44M | 3.44M | 3.96M | 3.87M | 2.45M | 1.83M |
| Long-Term Deferred Tax Liabilities | 1.45K | 1.45K | 1.45K | 1.45K | 1.45K | 1.45K |
| Total Liabilities | 20.58M | 20.58M | 18.92M | 19.62M | 17.47M | 15.80M |
| Common Stock | 1.98K | 1.98K | 1.98K | 1.71K | 1.71K | 1.71K |
| Additional Paid-In Capital | 11.38M | 11.38M | 11.38M | 3.38M | 3.38M | 3.38M |
| Retained Earnings | 17.04M | 17.04M | 13.44M | 11.21M | 7.85M | 6.07M |
| Comprehensive Income & Other | -372.25K | -372.25K | -61.04K | |||
| Shareholders' Equity | 28.05M | 28.05M | 24.77M | 14.59M | 11.23M | 9.45M |
| Total Liabilities & Equity | 48.62M | 48.62M | 43.69M | 34.21M | 28.70M | 25.25M |
| Total Debt | 9.17M | 9.17M | 8.69M | 8.94M | 7.31M | 7.56M |
| Net Cash (Debt) | -3.11M | -3.11M | -2.04M | -5.48M | -4.88M | -6.42M |
| Net Cash Per Share | -0.21 | -0.21 | -0.15 | -0.44 | -0.39 | -0.51 |
| Filing Date Shares Outstanding | 14.50M | 14.50M | 14.50M | 14.50M | 14.50M | 12.50M |
| Total Common Shares Outstanding | 14.50M | 14.50M | 14.50M | 12.50M | 12.50M | 12.50M |
| Working Capital | 20.79M | 20.79M | 15.32M | 10.96M | 8.18M | 6.60M |
| Book Value Per Share | 1.93 | 1.93 | 1.71 | 1.17 | 0.90 | 0.76 |
| Tangible Book Value | 28.05M | 28.05M | 24.77M | 14.59M | 11.23M | 9.45M |
| Tangible Book Value Per Share | 1.93 | 1.93 | 1.71 | 1.17 | 0.90 | 0.76 |
| Buildings | 7.85M | 7.74M | 7.74M | |||
| Machinery | 3.81M | 3.81M | 3.46M | 2.75M | 2.66M | 2.70M |
| Leasehold Improvements | 9.64M | 9.64M | 8.29M |
Cash flow statement
Fiscal year April - March; amounts in SGD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 3.59M | 3.59M | 2.24M | 3.36M | 3.93M | 2.08M |
| Depreciation & Amortization | 2.12M | 2.12M | 1.90M | 1.52M | 1.21M | 1.08M |
| Loss (Gain) From Sale of Assets | -34.53K | -34.53K | -957.00 | -5.00K | -386.00 | 3.72K |
| Asset Writedown & Restructuring Costs | 3.53K | |||||
| Provision & Write-off of Bad Debts | 33.07K | 33.07K | 358.43K | 68.44K | 216.73K | 319.91K |
| Other Operating Activities | 92.35K | 92.35K | -36.28K | 39.89K | 201.39K | 151.56K |
| Change in Accounts Receivable | -3.99M | -3.99M | -397.38K | -899.65K | -1.75M | -1.85M |
| Change in Inventory | -624.52K | -624.52K | -1.33M | -524.51K | -418.18K | -658.44K |
| Change in Accounts Payable | 1.29M | 1.29M | 1.13M | -229.79K | 594.65K | 915.25K |
| Change in Income Taxes | 402.43K | 402.43K | -723.11K | 131.74K | 553.93K | -16.64K |
| Change in Other Net Operating Assets | -5.04M | -5.04M | -2.94M | 741.08K | -933.22K | -707.96K |
| Operating Cash Flow | -2.15M | -2.15M | 200.13K | 4.20M | 3.61M | 1.32M |
| Capital Expenditures | -197.41K | -197.41K | -615.81K | -235.35K | -13.55K | -189.75K |
| Sale of Property, Plant & Equipment | 34.45K | 34.45K | 1.00K | 5.00K | 386.00 | 1.09K |
| Investing Cash Flow | 2.30M | 2.30M | -5.80M | -230.35K | -13.16K | -188.66K |
| Short-Term Debt Issued | 161.13K | 503.94K | ||||
| Total Debt Issued | 161.13K | 503.94K | ||||
| Short-Term Debt Repaid | -186.95K | |||||
| Long-Term Debt Repaid | -734.04K | -734.04K | -732.22K | -203.62K | -1.31M | -557.49K |
| Total Debt Repaid | -734.04K | -734.04K | -732.22K | -390.57K | -1.31M | -557.49K |
| Net Debt Issued (Repaid) | -734.04K | -734.04K | -732.22K | -390.57K | -1.15M | -53.54K |
| Issuance of Common Stock | 9.51M | |||||
| Common Dividends Paid | -2.00M | -1.15M | -950.00K | |||
| Other Financing Activities | -543.08K | |||||
| Financing Cash Flow | -734.04K | -734.04K | 8.77M | -2.93M | -2.30M | -1.00M |
| Net Cash Flow | -592.17K | -592.17K | 3.18M | 1.04M | 1.29M | 131.47K |
| Free Cash Flow | -2.35M | -2.35M | -415.68K | 3.96M | 3.59M | 1.13M |
| Free Cash Flow Margin | -4.59% | -4.59% | -0.95% | 9.59% | 9.55% | 3.80% |
| Free Cash Flow Per Share | -0.16 | -0.16 | -0.03 | 0.32 | 0.29 | 0.09 |
| Levered Free Cash Flow | -1.89M | -1.89M | 1.48M | 1.45M | 4.30M | |
| Unlevered Free Cash Flow | -1.78M | -1.78M | 1.61M | 1.59M | 4.39M | |
| Cash Interest Paid | 175.25K | 175.25K | 200.64K | 214.46K | 142.50K | 119.18K |
| Cash Income Tax Paid | 757.91K | 757.91K | 943.07K | 660.47K | 316.40K | 455.66K |
| Change in Working Capital | -7.96M | -7.96M | -4.26M | -781.13K | -1.95M | -2.31M |
Ratios
Fiscal year April - March; amounts in SGD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.98M | 17.40M | 58.00M | |||
| Enterprise Value | 20.40M | 20.14M | 62.74M | |||
| Last Close Price | 1.24 | 1.11 | 3.71 | |||
| PE Ratio | 6.45 | 6.25 | 34.83 | |||
| PS Ratio | 0.45 | 0.44 | 1.78 | |||
| PB Ratio | 0.83 | 0.80 | 3.15 | |||
| P/TBV Ratio | 0.83 | 0.80 | 3.15 | |||
| P/OCF Ratio | 389.41 | |||||
| EV/Sales Ratio | 0.51 | 0.51 | 1.93 | |||
| EV/EBITDA Ratio | 5.31 | 5.25 | 29.61 | |||
| EV/EBIT Ratio | 6.16 | 6.09 | 37.68 | |||
| Debt / Equity Ratio | 0.33 | 0.33 | 0.35 | 0.61 | 0.65 | 0.80 |
| Debt / EBITDA Ratio | 1.85 | 1.85 | 3.05 | 1.90 | 1.37 | 2.49 |
| Debt / FCF Ratio | 2.26 | 2.03 | 6.67 | |||
| Net Debt / Equity Ratio | 0.11 | 0.11 | 0.08 | 0.38 | 0.43 | 0.68 |
| Net Debt / EBITDA Ratio | 0.63 | 0.63 | 0.72 | 1.17 | 0.92 | 2.11 |
| Net Debt / FCF Ratio | -1.32 | -1.32 | -4.91 | 1.38 | 1.36 | 5.66 |
| Asset Turnover | 1.11 | 1.11 | 1.12 | 1.31 | 1.40 | |
| Inventory Turnover | 4.48 | 4.48 | 4.26 | 4.49 | 4.53 | |
| Quick Ratio | 1.66 | 1.66 | 1.55 | 1.22 | 1.19 | 1.07 |
| Current Ratio | 2.53 | 2.53 | 2.26 | 1.86 | 1.71 | 1.65 |
| Return on Equity (ROE) | 13.60% | 13.60% | 11.37% | 26.00% | 37.97% | |
| Return on Assets (ROA) | 5.77% | 5.77% | 3.59% | 8.27% | 11.08% | |
| Return on Invested Capital (ROIC) | 10.34% | 11.12% | 8.69% | 18.62% | 24.49% | 13.03% |
| Return on Capital Employed (ROCE) | 12.20% | 12.20% | 7.10% | 19.30% | 28.00% | 16.60% |
| Earnings Yield | 15.50% | 16.01% | 2.87% | |||
| FCF Yield | -10.23% | -10.48% | -0.53% | |||
| Payout Ratio | 52.04% | 59.60% | 29.29% | 45.74% | ||
| Buyback Yield / Dilution | -3.16% | -3.16% | -12.45% |