Tamilnadu Steel Tubes Ltd

Tamilnadu Steel Tubes Ltd

₹ 16.7 -4.51%
19 Feb - close price
About

Incorporated in 1979, Tamil Nadu Steel Tubes Ltd is in manufacturing and selling of Black Pipe (ERW Pipe) & G.I. Pipe.

Key Points

Product Profile:[1]
Company manufactures various sizes of pipes supplied in bulk for large areas.
a) MS Pipes
b) GI Pipes
c) Square Pipes
d) Rectangle Pipes
e) Steel Pipe
f) Steel Tube
g) PI Steel Pipe
h) Stainless Steel Pipe
i) Stainless Steel Tube

  • Market Cap 8.56 Cr.
  • Current Price 16.7
  • High / Low 25.4 / 9.05
  • Stock P/E 14.0
  • Book Value 18.2
  • Dividend Yield 0.00 %
  • ROCE 5.97 %
  • ROE 5.68 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.92 times its book value
  • Debtor days have improved from 67.2 to 53.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 13.6%
  • Company has a low return on equity of 1.31% over last 3 years.

* 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

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
15.16 14.92 10.47 19.83 20.41 20.41 25.42 22.78 20.84 23.03 18.96 19.13 14.49
14.59 15.50 9.46 20.04 20.27 20.27 25.23 23.02 20.77 22.46 18.79 18.88 14.25
Operating Profit 0.57 -0.58 1.01 -0.21 0.14 0.14 0.19 -0.24 0.07 0.57 0.17 0.25 0.24
OPM % 3.76% -3.89% 9.65% -1.06% 0.69% 0.69% 0.75% -1.05% 0.34% 2.48% 0.90% 1.31% 1.66%
0.06 0.24 0.02 0.02 0.01 0.01 0.01 0.04 0.48 0.10 0.10 0.02 -0.00
Interest 0.01 0.03 0.01 -0.00 0.03 0.03 0.10 0.13 0.15 0.13 0.14 0.16 0.16
Depreciation 0.08 0.08 0.07 0.06 0.06 0.06 0.08 0.09 0.10 0.06 0.08 0.08 0.08
Profit before tax 0.54 -0.45 0.95 -0.25 0.06 0.06 0.02 -0.42 0.30 0.48 0.05 0.03 -0.00
Tax % -0.00% -175.56% -0.00% -132.00% 16.67% 16.67% -0.00% 30.95% -0.00% -12.50% 20.00% -33.33%
0.53 -1.25 0.96 -0.59 0.05 0.05 0.02 -0.29 0.30 0.54 0.04 0.03 -0.00
EPS in Rs 1.03 -2.44 1.87 -1.15 0.10 0.10 0.04 -0.57 0.59 1.05 0.08 0.06 -0.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
80.87 103.55 106.54 93.86 78.39 80.52 90.63 81.37 50.86 51.98 77.35 92.06 75.61
78.88 98.86 103.32 89.85 74.51 77.97 88.76 80.45 53.22 51.87 76.17 91.47 74.38
Operating Profit 1.99 4.69 3.22 4.01 3.88 2.55 1.87 0.92 -2.36 0.11 1.18 0.59 1.23
OPM % 2.46% 4.53% 3.02% 4.27% 4.95% 3.17% 2.06% 1.13% -4.64% 0.21% 1.53% 0.64% 1.63%
-0.02 0.01 2.58 3.21 0.69 0.14 0.03 0.11 0.26 0.36 0.07 0.64 0.22
Interest 0.80 1.17 1.46 1.03 0.86 0.58 0.49 0.68 0.05 0.04 0.11 0.52 0.59
Depreciation 0.22 0.20 0.27 0.30 0.26 0.30 0.34 0.33 0.33 0.32 0.25 0.33 0.30
Profit before tax 0.95 3.33 4.07 5.89 3.45 1.81 1.07 0.02 -2.48 0.11 0.89 0.38 0.56
Tax % 26.32% 35.14% 12.29% 18.34% 26.67% 34.81% 34.58% -400.00% 0.81% 718.18% 41.57% -50.00%
0.71 2.16 3.56 4.80 2.53 1.18 0.70 0.09 -2.46 -0.68 0.52 0.57 0.61
EPS in Rs 1.39 4.21 6.95 9.37 4.94 2.30 1.37 0.18 -4.80 -1.33 1.01 1.11 1.19
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: -1%
5 Years: 0%
3 Years: 22%
TTM: -15%
Compounded Profit Growth
10 Years: -14%
5 Years: -7%
3 Years: 30%
TTM: 663%
Stock Price CAGR
10 Years: %
5 Years: -11%
3 Years: 22%
1 Year: 35%
Return on Equity
10 Years: 7%
5 Years: -4%
3 Years: 1%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

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 5.12 5.12 5.12 5.12 5.12 5.12 5.12 5.12 5.12 5.12 5.12 5.12 5.12
Reserves -8.33 -6.17 -2.61 1.92 4.45 5.43 6.13 6.22 3.75 3.07 3.59 4.13 4.20
4.60 5.17 4.76 9.75 8.75 8.75 2.21 4.51 0.29 9.52 3.90 6.28 6.03
26.00 24.88 26.30 12.12 8.65 11.85 20.27 14.75 16.97 6.83 16.67 17.06 15.93
Total Liabilities 27.39 29.00 33.57 28.91 26.97 31.15 33.73 30.60 26.13 24.54 29.28 32.59 31.28
1.68 2.77 2.83 2.29 2.09 2.47 2.52 2.29 1.91 1.72 2.35 2.42 2.30
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
25.71 26.23 30.74 26.62 24.88 28.68 31.21 28.31 24.22 22.82 26.93 30.17 28.98
Total Assets 27.39 29.00 33.57 28.91 26.97 31.15 33.73 30.60 26.13 24.54 29.28 32.59 31.28

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.60 2.80 2.88 -4.53 -1.78 0.72 0.67 0.41 -0.31 0.58 -4.01 -1.61
-0.35 -1.29 -0.33 0.08 0.03 -0.66 7.59 -0.03 2.61 -10.53 -0.83 -0.29
-0.25 -0.59 -1.86 3.98 1.41 -0.57 -7.01 1.66 -4.08 9.34 3.70 1.86
Net Cash Flow -0.00 0.92 0.69 -0.46 -0.33 -0.51 1.25 2.05 -1.78 -0.61 -1.14 -0.03

Ratios

Figures in Rs. Crores

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 67.48 53.26 59.82 54.87 64.72 78.97 73.42 61.86 90.14 84.12 63.66 53.72
Inventory Days 52.71 37.68 39.96 44.91 48.81 50.49 48.09 50.52 73.05 74.65 68.58 70.73
Days Payable 60.84 30.46 45.31 21.28 5.10 23.51 21.98 0.86 2.82 8.70 6.41 9.44
Cash Conversion Cycle 59.35 60.49 54.47 78.50 108.42 105.95 99.53 111.52 160.37 150.08 125.83 115.01
Working Capital Days -2.98 0.04 7.16 50.44 79.02 84.36 77.93 90.52 128.75 122.53 105.47 104.43
ROCE % 231.17% 164.43% 52.33% 31.84% 24.72% 12.81% 9.77% 4.84% -19.43% 1.12% 6.53% 5.97%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
13.61% 13.61% 13.61% 13.61% 13.61% 13.61% 13.61% 13.61% 13.61% 13.61% 13.61% 13.61%
1.38% 1.38% 1.38% 1.38% 1.38% 1.38% 1.38% 1.38% 1.38% 1.38% 1.38% 1.38%
85.01% 85.01% 85.01% 85.01% 85.01% 85.01% 85.01% 85.01% 85.01% 85.01% 85.02% 85.02%
No. of Shareholders 13,99213,97713,95913,95313,93513,90813,89213,87413,86513,84813,81213,794

* 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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