Real Strips Ltd

Real Strips Ltd

₹ 8.60 -4.97%
21 Mar 2022
About

Real Strips Ltd is primarily engaged in the business of manufacturing and Job-work of Cold rolled stainless strips/coils. [1]

Key Points

Product Application
The stainless steel strips and coils manufactured by the company cater to the needs of various Industrial/ Commercial segments. These are used in Automobiles, Food & Dairy Industries, Sugar Industries, Watch Industries, Pipes & Tubes Industries, Utensils, Furniture, Architectural Utilities, Thermowares, etc. [1]

  • Market Cap 5.14 Cr.
  • Current Price 8.60
  • High / Low /
  • Stock P/E
  • Book Value -37.1
  • Dividend Yield 0.00 %
  • ROCE -9.11 %
  • ROE %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 48.2 to 27.3 days.
  • Company's working capital requirements have reduced from 48.2 days to 24.0 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.64% over past five 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
32.03 34.75 26.33 25.37 23.17 24.95 11.98 30.42 39.94 39.81 28.93 43.69 60.32
26.69 28.00 20.55 19.94 20.06 22.89 11.63 25.17 35.08 53.30 28.49 40.02 56.95
Operating Profit 5.34 6.75 5.78 5.43 3.11 2.06 0.35 5.25 4.86 -13.49 0.44 3.67 3.37
OPM % 16.67% 19.42% 21.95% 21.40% 13.42% 8.26% 2.92% 17.26% 12.17% -33.89% 1.52% 8.40% 5.59%
0.68 26.01 0.60 0.79 0.37 0.91 0.29 1.85 0.15 0.60 0.39 0.12 0.19
Interest 3.70 2.83 2.32 2.32 2.32 2.39 2.56 2.56 2.56 1.94 0.00 0.06 0.00
Depreciation 0.89 1.27 0.91 0.96 1.02 1.03 0.88 0.92 0.96 0.90 1.01 1.10 1.13
Profit before tax 1.43 28.66 3.15 2.94 0.14 -0.45 -2.80 3.62 1.49 -15.73 -0.18 2.63 2.43
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% -253.33% 0.00% 0.00% 0.00% -3.69% 0.00% 0.00% 0.00%
1.43 28.65 3.15 2.93 0.15 -1.58 -2.80 3.62 1.48 -16.30 -0.18 2.63 2.43
EPS in Rs 2.39 47.91 5.27 4.90 0.25 -2.64 -4.68 6.05 2.47 -27.26 -0.30 4.40 4.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
228 286 326 331 323 342 192 108 131 129 100 122 173
208 266 306 312 301 334 197 128 180 110 83 125 179
Operating Profit 20 20 20 19 22 8 -5 -20 -49 19 16 -3 -6
OPM % 9% 7% 6% 6% 7% 2% -2% -19% -38% 15% 16% -2% -3%
0 2 3 5 1 3 -22 5 3 29 3 3 1
Interest 7 8 10 12 14 11 12 8 0 7 9 10 2
Depreciation 6 6 7 8 6 4 4 4 4 4 4 4 4
Profit before tax 7 8 7 4 2 -4 -43 -28 -51 38 6 -13 -11
Tax % 12% 16% 24% 18% 3% -13% -2% 0% 0% -12% 20% -4%
6 7 5 4 2 -5 -44 -28 -51 42 5 -14 -11
EPS in Rs 12.59 10.95 8.29 6.17 3.86 -8.23 -73.01 -46.20 -84.72 70.57 7.78 -23.41 -19.10
Dividend Payout % 8% 9% 12% 13% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -8%
5 Years: -9%
3 Years: -2%
TTM: 61%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 19%
TTM: -1686%
Stock Price CAGR
10 Years: -10%
5 Years: -10%
3 Years: 7%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 5 6 6 6 6 6 6 6 6 6 6 6
Reserves 24 34 38 41 43 38 -5 -33 -83 -21 -17 -31
60 110 129 152 174 128 120 112 106 77 77 77
43 19 14 14 33 47 51 51 56 14 27 30
Total Liabilities 132 168 187 213 256 219 172 136 85 76 94 82
36 34 47 51 52 50 53 50 48 45 42 40
CWIP 0 12 0 2 0 5 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
95 122 140 160 204 163 119 86 37 31 51 42
Total Assets 132 168 187 213 256 219 172 136 85 76 94 82

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-8 -30 -0 4 -2 49 7 12 6 16 3 1
-3 -16 -8 -14 -5 -7 -2 -0 -1 -2 -1 2
11 48 8 10 8 -42 -5 -11 -4 -15 -2 -1
Net Cash Flow -0 2 0 0 1 -1 0 -0 1 -1 0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 71 99 106 113 145 118 161 212 46 36 81 27
Inventory Days 88 57 51 54 79 50 56 71 36 42 82 69
Days Payable 75 19 8 5 34 48 68 163 197 62 122 55
Cash Conversion Cycle 84 136 149 161 190 120 148 121 -115 16 42 41
Working Capital Days 86 128 139 158 186 123 156 173 -47 42 79 24
ROCE % 18% 14% 11% 8% 8% 4% -6% -23% -89% 42% 24% -9%

Shareholding Pattern

Numbers in percentages

Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021
49.42% 49.42% 49.42% 49.42% 49.42% 49.42% 49.42% 49.42% 49.42% 49.42% 49.42% 49.42%
50.58% 50.58% 50.58% 50.58% 50.58% 50.58% 50.58% 50.58% 50.58% 50.58% 50.58% 50.58%
No. of Shareholders 2,4642,4612,4732,4722,4772,4872,4982,4762,4702,5412,5522,564

Documents