Remi Edelstahl Tubulars Ltd

Remi Edelstahl Tubulars Ltd

₹ 195 3.59%
08 Jun 4:01 p.m.
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

  • Market Cap 246 Cr.
  • Current Price 195
  • High / Low 205 / 86.1
  • Stock P/E 89.8
  • Book Value 55.1
  • Dividend Yield 0.00 %
  • ROCE 6.29 %
  • ROE 4.75 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.54 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.85%
  • The company has delivered a poor sales growth of 11.5% over past five years.
  • Company has a low return on equity of 4.66% 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
38.55 21.19 27.26 28.35 40.33 22.97 31.95 42.91 40.72 26.62 33.45 34.12 47.44
36.49 21.33 25.33 27.13 37.50 21.66 29.53 40.50 38.97 25.90 30.98 32.49 44.45
Operating Profit 2.06 -0.14 1.93 1.22 2.83 1.31 2.42 2.41 1.75 0.72 2.47 1.63 2.99
OPM % 5.34% -0.66% 7.08% 4.30% 7.02% 5.70% 7.57% 5.62% 4.30% 2.70% 7.38% 4.78% 6.30%
0.32 0.20 0.06 0.14 0.81 0.06 0.12 0.22 0.11 0.73 0.14 0.00 0.43
Interest 0.92 0.35 0.32 0.40 0.59 0.28 0.29 0.40 0.39 0.34 0.34 0.34 1.01
Depreciation 0.93 0.87 0.87 0.87 0.93 0.84 0.84 0.90 0.94 0.83 0.87 0.83 0.83
Profit before tax 0.53 -1.16 0.80 0.09 2.12 0.25 1.41 1.33 0.53 0.28 1.40 0.46 1.58
Tax % 32.08% -28.45% 27.50% 22.22% 25.94% 24.00% 10.64% 37.59% 22.64% 25.00% 26.43% 15.22% 30.38%
0.36 -0.83 0.58 0.06 1.57 0.20 1.26 0.83 0.42 0.21 1.03 0.39 1.11
EPS in Rs 0.33 -0.76 0.53 0.05 1.43 0.18 1.15 0.76 0.38 0.19 0.94 0.33 0.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
168 98 64 59 125 105 82 106 135 117 139 142
157 99 67 56 117 98 77 99 129 111 130 134
Operating Profit 10 -1 -2 3 8 7 5 6 5 6 8 8
OPM % 6% -1% -3% 5% 6% 7% 6% 6% 4% 5% 6% 6%
2 4 2 2 1 1 1 2 1 1 1 1
Interest 10 7 3 3 4 3 1 2 2 2 2 2
Depreciation 5 5 5 5 5 5 4 4 4 4 4 3
Profit before tax -2 -9 -8 -3 0 0 0 2 0 2 4 4
Tax % -30% -32% -45% -35% 75% 42% 12% 70% 44% 25% 24% 26%
-2 -6 -4 -2 0 0 0 1 0 1 3 3
EPS in Rs -1.70 -6.10 -3.96 -1.77 0.11 0.14 0.20 0.58 0.14 1.27 2.43 2.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 12%
3 Years: 2%
TTM: 2%
Compounded Profit Growth
10 Years: 9%
5 Years: 71%
3 Years: 163%
TTM: 4%
Stock Price CAGR
10 Years: 28%
5 Years: 59%
3 Years: 76%
1 Year: 118%
Return on Equity
10 Years: 0%
5 Years: 3%
3 Years: 5%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 10 10 11 11 11 11 11 11 11 11 11 13
Reserves 37 31 32 30 30 30 31 31 31 32 35 57
69 48 34 51 44 29 36 31 24 30 15 53
29 21 16 12 23 18 11 19 17 11 16 16
Total Liabilities 146 110 93 104 108 88 89 92 83 85 77 138
52 48 44 41 36 34 31 28 24 22 25 29
CWIP 0 0 0 0 1 0 0 0 0 0 0 28
Investments 1 1 0 0 0 0 0 0 0 0 0 0
93 62 48 63 71 54 58 64 59 63 52 80
Total Assets 146 110 93 104 108 88 89 92 83 85 77 138

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-8 17 6 -14 7 19 -5 5 8 -5 24 -22
-2 2 1 1 -0 -1 -0 -0 -0 0 -6 -34
11 -19 -7 18 -6 -17 5 -1 -11 4 -18 56
Net Cash Flow 0 0 -0 4 0 0 0 4 -3 -1 0 -0
Free Cash Flow -11 17 4 -15 6 17 -5 5 8 -6 17 -57
CFO/OP -79% -2,631% -225% -446% 90% 252% -90% 98% 155% -85% 295% -273%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 42 62 67 128 63 52 113 73 62 90 44 61
Inventory Days 176 184 222 298 132 134 143 169 110 128 103 169
Days Payable 42 42 43 45 47 31 28 52 34 10 26 21
Cash Conversion Cycle 176 204 247 381 147 156 228 190 138 209 120 209
Working Capital Days 49 83 86 154 86 91 128 106 75 101 78 83
ROCE % 6% -3% -8% -1% 4% 4% 2% 5% 4% 6% 8% 6%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Annual Installed Capacity
Metric Tons

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Production Volume
Metric Tons
Number of Employees
Count
Order Book
Rs. Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.77% 74.70% 74.69% 74.69% 74.69% 74.69% 74.69% 74.69% 74.69% 74.69% 72.71% 68.84%
0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.08%
25.14% 25.21% 25.22% 25.21% 25.22% 25.23% 25.22% 25.22% 25.22% 25.22% 27.23% 31.07%
No. of Shareholders 3,5833,6383,6913,8064,1034,1184,5814,5884,5274,4534,4114,319

* 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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