Rathi Steel & Power Ltd
Incorporated in 1971, Rathi Steel And Power Ltd is in the business of Steel and Steel related products[1]
- Market Cap ₹ 263 Cr.
- Current Price ₹ 30.4
- High / Low ₹ 97.8 / 24.5
- Stock P/E 45.2
- Book Value ₹ 15.6
- Dividend Yield 0.00 %
- ROCE 17.1 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Promoter holding has increased by 0.98% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.07% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.26.8 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -10.2%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
808 | 466 | 669 | 597 | 382 | 350 | 350 | 38 | 427 | 543 | 727 | 493 | 472 | |
889 | 511 | 665 | 648 | 409 | 360 | 399 | 115 | 414 | 515 | 695 | 472 | 454 | |
Operating Profit | -80 | -46 | 4 | -50 | -27 | -10 | -48 | -77 | 13 | 28 | 32 | 21 | 18 |
OPM % | -10% | -10% | 1% | -8% | -7% | -3% | -14% | -206% | 3% | 5% | 4% | 4% | 4% |
3 | 2 | -4 | 1 | 4 | -73 | -27 | 62 | 201 | -38 | 76 | 23 | 27 | |
Interest | 56 | 49 | 50 | 18 | 17 | 14 | 0 | 2 | 7 | 13 | 12 | 12 | 5 |
Depreciation | 22 | 9 | 32 | 24 | 23 | 19 | 8 | 8 | 16 | 13 | 8 | 9 | 9 |
Profit before tax | -156 | -102 | -82 | -91 | -63 | -116 | -83 | -26 | 190 | -36 | 87 | 24 | 30 |
Tax % | -29% | -27% | -0% | -0% | -0% | 2% | -0% | -0% | -0% | -0% | 0% | 0% | |
-110 | -74 | -82 | -91 | -63 | -118 | -83 | -26 | 190 | -36 | 87 | 24 | 30 | |
EPS in Rs | -35.15 | -23.74 | -26.32 | -29.09 | -20.22 | -37.75 | -26.61 | -8.19 | 60.73 | -11.66 | 27.86 | 2.77 | 3.57 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 7% |
3 Years: | 5% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 16% |
3 Years: | 122% |
TTM: | -32% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | % |
3 Years: | % |
1 Year: | -51% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 85 | 95 |
Reserves | 49 | -26 | -89 | -180 | -243 | -362 | -445 | -471 | -220 | -256 | -100 | 28 | 37 |
368 | 524 | 593 | 659 | 672 | 687 | 687 | 687 | 436 | 324 | 122 | 10 | 37 | |
134 | 80 | 89 | 48 | 74 | 69 | 77 | 95 | 96 | 98 | 152 | 96 | 89 | |
Total Liabilities | 582 | 609 | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 259 |
324 | 319 | 290 | 270 | 250 | 232 | 227 | 222 | 208 | 67 | 66 | 70 | 67 | |
CWIP | 9 | 7 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 10 |
Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
248 | 282 | 334 | 287 | 283 | 193 | 123 | 121 | 135 | 129 | 139 | 149 | 182 | |
Total Assets | 582 | 609 | 625 | 558 | 533 | 426 | 350 | 342 | 343 | 196 | 205 | 220 | 259 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
41 | -117 | -18 | -0 | 5 | -0 | -0 | 3 | 196 | -12 | 105 | 24 | |
-5 | -1 | 5 | -0 | -3 | -0 | -0 | -2 | 1 | 128 | -6 | -10 | |
-40 | 114 | 15 | -0 | -2 | -0 | -0 | -0 | -198 | -118 | -100 | -9 | |
Net Cash Flow | -5 | -3 | 2 | -0 | 0 | -0 | -0 | 1 | -0 | -1 | -0 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 55 | 90 | 78 | 64 | 100 | 33 | 17 | 121 | 16 | 5 | 4 | 12 |
Inventory Days | 20 | 40 | 54 | 55 | 86 | 16 | 15 | 45 | 11 | 20 | 22 | 29 |
Days Payable | 37 | 8 | 27 | 3 | 18 | 32 | 32 | 192 | 30 | 29 | 36 | 62 |
Cash Conversion Cycle | 38 | 121 | 105 | 116 | 168 | 17 | -0 | -26 | -3 | -4 | -10 | -22 |
Working Capital Days | 17 | 118 | 74 | 102 | 131 | -8 | -32 | -486 | -33 | -21 | -31 | -6 |
ROCE % | -20% | -11% | -5% | -14% | -10% | -5% | -12% | -9% | 3% | 10% | 32% | 17% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('Listing Regulations') Read With Sub Para 20 Of Para A Of Part A Of Schedule III Thereto - Intimation Of Hon''ble High Court Stay Order
1d - Allahabad High Court stays GST recovery of INR 58.22 lakh plus penalty against Rathi Steel.
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Re-Commencement Of Commercial Operations Of Steel Melting Shop Of Rathi Steel And Power Limited
29 Apr - Rathi Steel's Steel Melting Shop resumed commercial operations on April 29, 2025, manufacturing steel billets.
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Grant Of Approval By Bureau Of Indian Standards Under The Existing License Number 8700188222, To Use The Standard Mark On SS 550 And SS 500 Reinforcement Bars Under Title Of 'High Strength Deformed Stainless Steel Bars And Wires For Concrete Reinforcement - 08 Mm Diameter'.
25 Apr - BIS approval granted for 8 mm SS 550 and SS 500 bars, expanding licensed product range to 8-32 mm diameter.
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Disclosure Of Stay Order Of Supreme Court Under Regulation 30 Of SEBI (LODR) Regulations, 2015 Read Schedule III Thereto
16 Apr - Supreme Court stays proceedings in coal allocation case against company and GM.
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Disclosure Of Temporary Closure Of Commercial Operations Of Steel Melting Shop Of Rathi Steel And Power Limited, Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 Read With Schedule III Thereto
15 Apr - Temporary closure of Steel Melting Shop for maintenance and refurbishment.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2025Transcript PPT REC
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Nov 2024TranscriptPPT
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Oct 2024TranscriptNotesPPT
Business Overview:[1]
Company is a part of the P.C. Rathi Group of Delhi. It manufactures Rebars and Wire Rods which are broadly