Rathi Steel & Power Ltd

Rathi Steel & Power Ltd

₹ 60.0 0.82%
16 Apr - close price
About

Incorporated in 1971, Rathi Steel And Power Ltd is in the business of Steel and Steel related products[1]

Key Points

Business Overview:[1]
Company is a part of the P.C. Rathi Group of Delhi. It manufactures Rebars and Wire Rods which are broadly

  • Market Cap 510 Cr.
  • Current Price 60.0
  • High / Low 67.1 / 3.15
  • Stock P/E 60.0
  • Book Value -6.80
  • Dividend Yield 0.00 %
  • ROCE 32.1 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 18.4% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -11.2%
  • Promoters have pledged 47.0% of their holding.
  • Earnings include an other income of Rs.78.6 Cr.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
174.26 164.97 82.37 170.99 177.71 99.12 191.77 195.19 172.82 166.76 146.56 126.70 101.22
172.04 163.10 80.19 177.11 172.23 85.06 184.47 188.99 164.38 157.04 141.42 121.09 95.13
Operating Profit 2.22 1.87 2.18 -6.12 5.48 14.06 7.30 6.20 8.44 9.72 5.14 5.61 6.09
OPM % 1.27% 1.13% 2.65% -3.58% 3.08% 14.18% 3.81% 3.18% 4.88% 5.83% 3.51% 4.43% 6.02%
11.20 200.90 2.46 12.79 0.24 -41.01 0.16 0.54 0.20 75.34 2.39 0.84 0.06
Interest 2.01 3.72 2.04 2.05 2.06 6.96 3.13 2.81 3.56 2.60 3.60 3.46 3.20
Depreciation 4.53 4.50 4.32 4.34 2.77 2.03 2.05 2.08 2.08 2.12 2.14 2.16 2.17
Profit before tax 6.88 194.55 -1.72 0.28 0.89 -35.94 2.28 1.85 3.00 80.34 1.79 0.83 0.78
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.31% 0.00% 0.00% 0.00%
6.88 194.55 -1.72 0.28 0.89 -35.94 2.28 1.85 3.01 80.09 1.79 0.82 0.79
EPS in Rs 2.20 62.14 -0.55 0.09 0.28 -11.48 0.73 0.59 0.96 25.58 0.57 0.26 0.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
937 808 466 669 597 382 350 350 38 427 543 727 541
852 889 511 665 648 409 360 399 115 414 515 695 515
Operating Profit 85 -80 -46 4 -50 -27 -10 -48 -77 13 28 32 27
OPM % 9% -10% -10% 1% -8% -7% -3% -14% -206% 3% 5% 4% 5%
1 3 2 -4 1 4 -73 -27 62 201 -38 76 79
Interest 54 56 49 50 18 17 14 0 2 7 13 12 13
Depreciation 23 22 9 32 24 23 19 8 8 16 13 8 9
Profit before tax 10 -156 -102 -82 -91 -63 -116 -83 -26 190 -36 87 84
Tax % -22% 29% 27% 0% 0% 0% -2% 0% 0% 0% 0% 0%
12 -110 -74 -82 -91 -63 -118 -83 -26 190 -36 87 83
EPS in Rs 3.95 -35.15 -23.74 -26.32 -29.09 -20.22 -37.75 -26.61 -8.19 60.73 -11.66 27.86 26.66
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 16%
3 Years: 169%
TTM: -18%
Compounded Profit Growth
10 Years: 8%
5 Years: 18%
3 Years: 35%
TTM: -31%
Stock Price CAGR
10 Years: 33%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 31 31 31 31 31 31 31 31 31 31 31 31 76
Reserves 159 49 -26 -89 -180 -243 -362 -445 -471 -220 -256 -100 -98
Preference Capital 0 0 33 45 45 45 45 45 45 45 45 45
360 368 491 548 614 626 642 642 642 391 278 77 44
130 134 112 134 93 119 114 122 140 141 143 197 180
Total Liabilities 680 582 609 625 558 533 426 350 342 343 196 205 202
338 324 319 290 270 250 232 227 222 208 67 66 62
CWIP 9 9 7 0 0 0 0 0 0 0 0 0 3
Investments 1 1 0 0 0 0 0 0 0 0 0 0 0
333 248 282 334 287 283 193 123 121 135 129 139 138
Total Assets 680 582 609 625 558 533 426 350 342 343 196 205 202

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
39 41 -117 -18 0 5 0 0 3 196 -12 105
-18 -5 -1 5 0 -3 0 0 -2 1 128 -6
-18 -40 114 15 0 -2 0 0 0 -198 -118 -100
Net Cash Flow 3 -5 -3 2 0 0 0 0 1 -0 -1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 46 55 90 78 64 100 33 17 121 16 5 4
Inventory Days 68 20 40 54 55 86 16 15 45 11 20 22
Days Payable 35 37 8 27 3 18 32 32 192 30 29 36
Cash Conversion Cycle 79 38 121 105 116 168 17 -0 -26 -3 -4 -10
Working Capital Days 75 17 118 74 102 131 -8 -32 -486 -33 -21 -31
ROCE % 12% -20% -11% -5% -14% -10% -5% -12% -9% 3% 10% 32%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 40.32%
8.61% 8.61% 8.61% 8.61% 8.61% 8.60% 8.60% 8.60% 8.60% 8.24% 8.24% 2.53%
39.93% 39.93% 39.93% 39.93% 39.93% 39.93% 39.93% 39.93% 39.93% 40.29% 40.30% 57.15%
No. of Shareholders 13,12513,12013,11513,11113,11213,10513,09913,08413,07812,93012,98013,891

* 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.

Click on the line-items to see the names of individual entities.

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