Remi Edelstahl Tubulars Ltd
Incorporated in 1970, Remi Edelstahl Tubulars Ltd is engaged in the manufacturing of Stainless Steel Pipes and Tubes.
- Market Cap ₹ 187 Cr.
- Current Price ₹ 170
- High / Low ₹ 182 / 69.0
- Stock P/E 68.7
- Book Value ₹ 41.9
- Dividend Yield 0.00 %
- ROCE 7.63 %
- ROE 5.90 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 65.3 to 43.6 days.
Cons
- Stock is trading at 4.06 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.72% over past five years.
- Company has a low return on equity of 3.22% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
118 | 168 | 98 | 64 | 59 | 125 | 105 | 82 | 106 | 135 | 117 | 139 | 142 | |
112 | 157 | 99 | 67 | 56 | 117 | 98 | 77 | 99 | 129 | 111 | 130 | 135 | |
Operating Profit | 6 | 10 | -1 | -2 | 3 | 8 | 7 | 5 | 6 | 5 | 6 | 8 | 7 |
OPM % | 5% | 6% | -1% | -3% | 5% | 6% | 7% | 6% | 6% | 4% | 5% | 6% | 5% |
3 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | |
Interest | 7 | 10 | 7 | 3 | 3 | 4 | 3 | 1 | 2 | 2 | 2 | 2 | 1 |
Depreciation | 3 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 |
Profit before tax | -2 | -2 | -9 | -8 | -3 | 0 | 0 | 0 | 2 | 0 | 2 | 4 | 4 |
Tax % | -34% | -30% | -32% | -45% | -35% | 75% | 42% | 12% | 70% | 44% | 25% | 24% | |
-1 | -2 | -6 | -4 | -2 | 0 | 0 | 0 | 1 | 0 | 1 | 3 | 3 | |
EPS in Rs | -1.09 | -1.70 | -6.10 | -3.96 | -1.77 | 0.11 | 0.14 | 0.20 | 0.58 | 0.14 | 1.27 | 2.43 | 2.48 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | 6% |
3 Years: | 9% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 83% |
3 Years: | 60% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 61% |
3 Years: | 56% |
1 Year: | 102% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | 2% |
3 Years: | 3% |
Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 36 | 37 | 31 | 32 | 30 | 30 | 30 | 31 | 31 | 31 | 32 | 35 |
65 | 69 | 48 | 34 | 51 | 44 | 29 | 36 | 31 | 24 | 30 | 15 | |
28 | 29 | 21 | 16 | 12 | 23 | 18 | 11 | 19 | 17 | 11 | 16 | |
Total Liabilities | 138 | 146 | 110 | 93 | 104 | 108 | 88 | 89 | 92 | 83 | 85 | 77 |
54 | 52 | 48 | 44 | 41 | 36 | 34 | 31 | 28 | 24 | 22 | 25 | |
CWIP | 1 | 0 | 0 | 0 | 0 | 1 | -0 | -0 | -0 | 0 | 0 | -0 |
Investments | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
83 | 93 | 62 | 48 | 63 | 71 | 54 | 58 | 64 | 59 | 63 | 52 | |
Total Assets | 138 | 146 | 110 | 93 | 104 | 108 | 88 | 89 | 92 | 83 | 85 | 77 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-5 | -8 | 17 | 6 | -14 | 7 | 19 | -5 | 5 | 8 | -5 | 24 | |
-6 | -2 | 2 | 1 | 1 | -0 | -1 | -0 | -0 | -0 | 0 | -6 | |
10 | 11 | -19 | -7 | 18 | -6 | -17 | 5 | -1 | -11 | 4 | -18 | |
Net Cash Flow | -0 | 0 | 0 | -0 | 4 | 0 | 0 | 0 | 4 | -3 | -1 | 0 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 61 | 42 | 62 | 67 | 128 | 63 | 52 | 113 | 73 | 62 | 90 | 44 |
Inventory Days | 218 | 176 | 184 | 222 | 298 | 132 | 134 | 143 | 169 | 110 | 128 | 103 |
Days Payable | 46 | 42 | 42 | 43 | 45 | 47 | 31 | 28 | 52 | 34 | 10 | 26 |
Cash Conversion Cycle | 232 | 176 | 204 | 247 | 381 | 147 | 156 | 228 | 190 | 138 | 209 | 120 |
Working Capital Days | 61 | 49 | 83 | 86 | 154 | 86 | 91 | 128 | 106 | 75 | 101 | 78 |
ROCE % | 4% | 6% | -3% | -8% | -1% | 4% | 4% | 2% | 5% | 4% | 6% | 8% |
Documents
Announcements
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Consolidated Scrutinizer''s Report Of 54Th AGM Of The Company
28 Aug - All resolutions at 54th AGM held 28 Aug 2025 passed; consolidated scrutinizer's e-voting report enclosed.
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Announcement under Regulation 30 (LODR)-Meeting Updates
28 Aug - All resolutions at Remi Edelstahl Tubulars' 54th AGM (28 Aug 2025) passed; consolidated scrutinizer's report enclosed.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
28 Aug - All resolutions at 54th AGM held 28 Aug 2025 were duly passed; consolidated scrutinizer's report enclosed.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
28 Aug - 54th AGM (28 Aug 2025): approved FY2024-25 financials; preferential convertible warrants and equity issuance approved.
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Proceeding / Outcome Of 54Th Annual General Meeting
28 Aug - 28 Aug 2025 AGM: FY2025 financials adopted; director reappointed; secretarial/cost auditors appointed; approved preferential convertible warrants and equity issuances.
Annual reports
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Financial Year 2025
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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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Product Portfolio[1]
a) SS Cold Drawn Seamless Tubes — Heat exchangers, instrumentation, boilers
b) SS Seamless Pipes
c) SS Welded Tubes - Condensers, low/high pressure heaters, coiled systems
d) SS Welded Pipes - Large diameter pipes, high thick pipes