Remi Edelstahl Tubulars Ltd

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

Remi Edelstahl Tubulars Ltd

₹ 122 4.89%
11 Dec 1:30 p.m.
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 Portfolio[1]
1. Seamless Pipes and Tubes
- Heat Exchanger Tubes (ASTM A-213, A-268, A-269, A-789)
- Instrumentation Tubes for precise control and measurement applications.
- Boiler Tubes and Condenser Tubes for high-temperature, high-pressure environments.
- Dimensions range from 6mm to 76mm OD with thicknesses from 0.8mm to 10mm.

  1. Welded Pipes and Tubes
  2. Standard Welded Tubes for fluid and gas transfer in industrial processes (ASTM A-249, A-269, A-688).
  3. Specialized Welded Pipes with large diameters, up to 80” and wall thicknesses up to 80mm (ASTM A-312, A-358, A-778, A-928).

  4. Used widely in sectors like oil and gas, water treatment, and petrochemicals.

  5. Custom Solutions and Specialty Grades

  6. REMI supplies high-grade materials such as super duplex stainless steel (UNS32750) and expands into other specialized alloys like nickel and titanium.
Website BSE
  • Market Cap ₹ 135 Cr.
  • Current Price ₹ 122
  • High / Low ₹ 124 / 61.0
  • Stock P/E 43.5
  • Book Value ₹ 40.9
  • Dividend Yield 0.00 %
  • ROCE 5.53 %
  • ROE 3.24 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.05 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 -1.23% over past five years.
  • Company has a low return on equity of 1.72% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 75.2 to 90.3 days.

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.29 26.89 43.60 35.83 35.37 25.05 38.55 21.19 27.26 28.35 40.33 22.97 31.95
17.41 25.33 41.23 34.38 34.30 24.47 36.49 21.33 25.33 27.13 37.50 21.66 29.53
Operating Profit 0.88 1.56 2.37 1.45 1.07 0.58 2.06 -0.14 1.93 1.22 2.83 1.31 2.42
OPM % 4.81% 5.80% 5.44% 4.05% 3.03% 2.32% 5.34% -0.66% 7.08% 4.30% 7.02% 5.70% 7.57%
0.23 0.01 0.17 0.05 0.20 0.29 0.32 0.20 0.06 0.14 0.81 0.06 0.12
Interest 0.10 0.12 0.22 0.38 0.30 0.46 0.92 0.35 0.32 0.40 0.59 0.28 0.29
Depreciation 0.96 0.96 0.95 0.91 0.92 0.92 0.93 0.87 0.87 0.87 0.93 0.84 0.84
Profit before tax 0.05 0.49 1.37 0.21 0.05 -0.51 0.53 -1.16 0.80 0.09 2.12 0.25 1.41
Tax % 0.00% 26.53% 92.70% 23.81% 40.00% -23.53% 32.08% -28.45% 27.50% 22.22% 25.94% 24.00% 10.64%
0.05 0.37 0.10 0.15 0.03 -0.39 0.36 -0.83 0.58 0.06 1.57 0.20 1.26
EPS in Rs 0.05 0.34 0.09 0.14 0.03 -0.36 0.33 -0.76 0.53 0.05 1.43 0.18 1.15
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
158 118 168 98 64 59 125 105 82 106 135 117 124
148 112 157 99 67 56 117 98 77 99 129 111 116
Operating Profit 10 6 10 -1 -2 3 8 7 5 6 5 6 8
OPM % 6% 5% 6% -1% -3% 5% 6% 7% 6% 6% 4% 5% 6%
3 3 2 4 2 2 1 1 1 2 1 1 1
Interest 7 7 10 7 3 3 4 3 1 2 2 2 2
Depreciation 3 3 5 5 5 5 5 5 4 4 4 4 3
Profit before tax 2 -2 -2 -9 -8 -3 0 0 0 2 0 2 4
Tax % 24% -34% -30% -32% -45% -35% 75% 42% 12% 70% 44% 25%
2 -1 -2 -6 -4 -2 0 0 0 1 0 1 3
EPS in Rs 1.96 -1.09 -1.70 -6.10 -3.96 -1.77 0.11 0.14 0.20 0.58 0.14 1.27 2.81
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -1%
3 Years: 13%
TTM: 10%
Compounded Profit Growth
10 Years: 11%
5 Years: 134%
3 Years: 94%
TTM: 1204%
Stock Price CAGR
10 Years: 22%
5 Years: 47%
3 Years: 56%
1 Year: 60%
Return on Equity
10 Years: -4%
5 Years: 1%
3 Years: 2%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

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 10 10 10 10 11 11 11 11 11 11 11 11 11
Reserves 37 36 37 31 32 30 30 30 31 31 31 32 34
56 65 69 48 34 51 44 29 36 31 24 30 29
33 28 29 21 16 12 23 18 11 19 17 11 19
Total Liabilities 135 138 146 110 93 104 108 88 89 92 83 85 93
52 54 52 48 44 41 36 34 31 28 24 22 22
CWIP 0 1 0 0 0 0 1 0 0 0 0 0 0
Investments 0 1 1 1 0 0 0 0 0 0 0 0 0
84 83 93 62 48 63 71 54 58 64 59 63 71
Total Assets 135 138 146 110 93 104 108 88 89 92 83 85 93

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 -5 -8 17 6 -14 7 19 -5 5 8 -4
-5 -6 -2 2 1 1 -0 -1 -0 -0 -0 -1
-10 10 11 -19 -7 18 -6 -17 5 -1 -11 4
Net Cash Flow -1 -0 0 0 -0 4 0 0 0 4 -3 -1

Ratios

Figures in Rs. Crores

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 61 61 42 62 67 128 63 52 113 73 62 90
Inventory Days 127 218 176 184 222 298 132 134 143 169 110 128
Days Payable 52 46 42 42 43 45 47 31 28 52 34 10
Cash Conversion Cycle 136 232 176 204 247 381 147 156 228 190 138 209
Working Capital Days 119 175 145 160 183 288 129 113 189 151 112 162
ROCE % 8% 4% 6% -3% -8% -1% 4% 4% 2% 5% 4% 6%

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.98% 66.98% 71.53% 71.58% 71.58% 71.58% 74.77% 74.70% 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%
32.93% 32.93% 28.38% 28.32% 28.33% 28.32% 25.14% 25.21% 25.22% 25.21% 25.22% 25.23%
No. of Shareholders 3,4233,4683,4693,4923,5143,5043,5833,6383,6913,8064,1034,118

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Oct 2024
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