Remi Edelstahl Tubulars Ltd

₹ 155 -1.80%

26 Sep - close price

About

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

Key Points

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

Website BSE

Market Cap ₹ 170 Cr.
Current Price ₹ 155
High / Low ₹ 182 / 69.0
Stock P/E 62.6
Book Value ₹ 41.9
Dividend Yield 0.00 %
ROCE 7.63 %
ROE 5.90 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Debtor days have improved from 65.3 to 43.6 days.

Cons

Stock is trading at 3.70 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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	35.83	35.37	25.05	38.55	21.19	27.26	28.35	40.33	22.97	31.95	42.91	40.72	26.62
	34.38	34.30	24.47	36.49	21.33	25.33	27.13	37.50	21.66	29.53	40.50	38.97	25.90
Operating Profit	1.45	1.07	0.58	2.06	-0.14	1.93	1.22	2.83	1.31	2.42	2.41	1.75	0.72
OPM %	4.05%	3.03%	2.32%	5.34%	-0.66%	7.08%	4.30%	7.02%	5.70%	7.57%	5.62%	4.30%	2.70%
	0.05	0.20	0.29	0.32	0.20	0.06	0.14	0.81	0.06	0.12	0.22	0.11	0.73
Interest	0.38	0.30	0.46	0.92	0.35	0.32	0.40	0.59	0.28	0.29	0.40	0.39	0.34
Depreciation	0.91	0.92	0.92	0.93	0.87	0.87	0.87	0.93	0.84	0.84	0.90	0.94	0.83
Profit before tax	0.21	0.05	-0.51	0.53	-1.16	0.80	0.09	2.12	0.25	1.41	1.33	0.53	0.28
Tax %	23.81%	40.00%	-23.53%	32.08%	-28.45%	27.50%	22.22%	25.94%	24.00%	10.64%	37.59%	22.64%	25.00%
	0.15	0.03	-0.39	0.36	-0.83	0.58	0.06	1.57	0.20	1.26	0.83	0.42	0.21
EPS in Rs	0.14	0.03	-0.36	0.33	-0.76	0.53	0.05	1.43	0.18	1.15	0.76	0.38	0.19
Raw PDF

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:	22%
5 Years:	62%
3 Years:	57%
1 Year:	90%

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%

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	71.58%	71.58%	71.58%	74.77%	74.70%	74.69%	74.69%	74.69%	74.69%	74.69%	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%
	28.32%	28.33%	28.32%	25.14%	25.21%	25.22%	25.21%	25.22%	25.23%	25.22%	25.22%	25.22%
No. of Shareholders	3,492	3,514	3,504	3,583	3,638	3,691	3,806	4,103	4,118	4,581	4,588	4,527

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	53.27%	53.27%	53.27%	57.87%	62.43%	66.98%	71.58%	74.69%	74.69%	74.69%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%
	46.64%	46.64%	46.64%	42.04%	37.48%	32.93%	28.32%	25.21%	25.22%	25.22%
No. of Shareholders	3,609	3,484	3,487	3,502	3,423	3,468	3,504	3,806	4,588	4,527

* 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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