Tamilnadu Steel Tubes Ltd
Incorporated in 1979, Tamil Nadu Steel Tubes Ltd is in manufacturing and selling of Black Pipe (ERW Pipe) & G.I. Pipe.
- Market Cap ₹ 6.08 Cr.
- Current Price ₹ 11.9
- High / Low ₹ 25.4 / 9.05
- Stock P/E 9.97
- Book Value ₹ 18.2
- Dividend Yield 0.00 %
- ROCE 5.97 %
- ROE 5.68 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.65 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
Quarterly Results
Figures in Rs. Crores
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: | -17% |
3 Years: | 8% |
1 Year: | 11% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
17 Apr - We were in the process of submission of docs. in BSE portal/Listing centre reg. resignation of CFO for the past few months. Inspite of repeated …
- Compliance Certificate Under REG 40(9) & 40 (10) For The FYE 31.03.2024 17 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - In compliance with REG 74(5) of SEB( (DP) Regulations 2018, Compliance cert. dt. 03.04.2024 received from RTA is being filed. Kindly take the same on …
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Compliance Certificate For The Q.E. 31.03.2024
5 Apr - In compliance with REG 7(3) of SEBI (LODR) Regulations, 2015, we are filing the required certificate duly signed by the company as well as by …
Annual reports
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Financial Year 2023
from bse
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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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Financial Year 2010
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Financial Year 2009
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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