Remi Edelstahl Tubulars Ltd

Remi Edelstahl Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Remi Edelstahl Tubulars Ltd

₹ 94.7 0.19%
03 May - close price
remigroup.com BSE: 513043
About

Incorporated in 1970, Remi Edelstahl Tubulars Ltd is engaged in the manufacturing of Stainless Steel Pipes and Tubes.

Key Points

Product Profile:[1]
a) S.S. Cold Finish Tubes – Welded & Seamless[2]
b) S.S. Large Diameter Electric Fusion Welded Pipe[3]
c) S.S. Tig Welded & Seamless Pipes & Tubes[4]
d) S.S. Welded Condenser And Feed Water Heater Tubes[5]

Website BSE
  • Market Cap ₹ 104 Cr.
  • Current Price ₹ 94.7
  • High / Low ₹ 114 / 30.2
  • Stock P/E 612
  • Book Value ₹ 38.3
  • Dividend Yield 0.00 %
  • ROCE 3.69 %
  • ROE 0.36 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 82.7 to 62.1 days.
  • Company's working capital requirements have reduced from 151 days to 112 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.78% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.16 34.15 16.81 18.29 26.89 43.60 35.83 35.37 25.05 38.55 21.19 27.26 28.35
19.26 31.09 15.60 17.41 25.33 41.23 34.38 34.30 24.47 36.49 21.33 25.33 27.13
Operating Profit 0.90 3.06 1.21 0.88 1.56 2.37 1.45 1.07 0.58 2.06 -0.14 1.93 1.22
OPM % 4.46% 8.96% 7.20% 4.81% 5.80% 5.44% 4.05% 3.03% 2.32% 5.34% -0.66% 7.08% 4.30%
0.20 0.30 0.19 0.23 0.01 0.17 0.05 0.20 0.29 0.32 0.20 0.06 0.14
Interest 0.29 0.39 0.29 0.10 0.12 0.22 0.38 0.30 0.46 0.92 0.35 0.32 0.40
Depreciation 1.21 0.61 0.95 0.96 0.96 0.95 0.91 0.92 0.92 0.93 0.87 0.87 0.87
Profit before tax -0.40 2.36 0.16 0.05 0.49 1.37 0.21 0.05 -0.51 0.53 -1.16 0.80 0.09
Tax % 20.00% 25.85% 25.00% 0.00% 26.53% 92.70% 23.81% 40.00% 23.53% 32.08% 28.45% 27.50% 22.22%
-0.32 1.76 0.13 0.05 0.37 0.10 0.15 0.03 -0.39 0.36 -0.83 0.58 0.06
EPS in Rs -0.29 1.60 0.12 0.05 0.34 0.09 0.14 0.03 -0.36 0.33 -0.76 0.53 0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
176 158 118 168 98 64 59 125 105 82 106 135 115
165 148 112 157 99 67 56 117 98 77 99 129 110
Operating Profit 12 10 6 10 -1 -2 3 8 7 5 6 5 5
OPM % 7% 6% 5% 6% -1% -3% 5% 6% 7% 6% 6% 4% 4%
2 3 3 2 4 2 2 1 1 1 2 1 1
Interest 9 7 7 10 7 3 3 4 3 1 2 2 2
Depreciation 3 3 3 5 5 5 5 5 5 4 4 4 4
Profit before tax 2 2 -2 -2 -9 -8 -3 0 0 0 2 0 0
Tax % 27% 24% 34% 30% 32% 45% 35% 75% 42% 12% 70% 44%
1 2 -1 -2 -6 -4 -2 0 0 0 1 0 0
EPS in Rs 1.34 1.96 -1.09 -1.70 -6.10 -3.96 -1.77 0.11 0.14 0.20 0.58 0.14 0.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 18%
3 Years: 9%
TTM: -18%
Compounded Profit Growth
10 Years: -18%
5 Years: 16%
3 Years: 5%
TTM: 255%
Stock Price CAGR
10 Years: 24%
5 Years: 30%
3 Years: 70%
1 Year: 116%
Return on Equity
10 Years: -4%
5 Years: 1%
3 Years: 1%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 11 11 11 11 11 11 11 11
Reserves 35 37 36 37 31 32 30 30 30 31 31 31 31
Preference Capital 0 0 0 0 0 0 9 9 9 9 9 9
65 56 65 69 48 34 42 35 20 27 22 15 29
31 33 28 29 21 16 21 32 27 20 28 26 14
Total Liabilities 141 135 138 146 110 93 104 108 88 89 92 83 85
43 52 54 52 48 44 41 36 34 31 28 24 23
CWIP 5 0 1 0 0 0 0 1 0 0 0 0 0
Investments 0 0 1 1 1 0 0 0 0 0 0 0 0
92 84 83 93 62 48 63 71 54 58 64 59 63
Total Assets 141 135 138 146 110 93 104 108 88 89 92 83 85

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4 15 -5 -8 17 6 -14 7 19 -5 5 8
-8 -5 -6 -2 2 1 1 -0 -1 -0 -0 -0
12 -10 10 11 -19 -7 18 -6 -17 5 -1 -11
Net Cash Flow -0 -1 -0 0 0 -0 4 0 0 0 4 -3

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 87 61 61 42 62 67 128 63 52 113 73 62
Inventory Days 95 127 218 176 184 222 298 132 134 143 169 110
Days Payable 37 52 46 42 42 43 45 47 31 28 52 34
Cash Conversion Cycle 145 136 232 176 204 247 381 147 156 228 190 138
Working Capital Days 128 119 175 145 160 183 288 129 113 189 151 112
ROCE % 10% 8% 4% 6% -3% -8% -1% 4% 4% 2% 5% 4%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.43% 66.98% 66.98% 66.98% 71.53% 71.58% 71.58% 71.58% 74.77% 74.70% 74.69% 74.69%
0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
37.48% 32.93% 32.93% 32.93% 28.38% 28.32% 28.33% 28.32% 25.14% 25.21% 25.22% 25.21%
No. of Shareholders 3,4253,4573,4233,4683,4693,4923,5143,5043,5833,6383,6913,806

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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