Rajasthan Tube Manufacturing Co Ltd

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Rajas. Tube Mfg Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Rajasthan Tube Manufacturing Co Ltd

₹ 9.49 -1.56%
17 Sep - close price
rajtube.com BSE: 530253
About

Incorporated in 1985, Rajasthan Tubes Mfg.
Co. Ltd is in the business of manufacturing
of ERW steel tubes.[1]

Key Points

Business Overview:[1][2]
RTMCL is engaged in the manufacturing and trading of black and galvanized ERW (Electric resistance welding) steel tubes and pipes, with size ranging from 15mm to 250mm. The pipes manufactured by the company have varied applications in water, gas and sewage pipes, structural purposes, idlers / conveyors, water wells (casing pipes) etc.

Website BSE
  • Market Cap ₹ 42.8 Cr.
  • Current Price ₹ 9.49
  • High / Low ₹ 46.0 / 9.12
  • Stock P/E 18.1
  • Book Value ₹ 2.22
  • Dividend Yield 0.00 %
  • ROCE 15.0 %
  • ROE 13.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.27 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 -16.6% over past five years.
  • Promoter holding is low: 16.8%
  • Company has a low return on equity of 9.45% over last 3 years.
  • Debtor days have increased from 55.1 to 107 days.
  • Promoter holding has decreased over last 3 years: -37.7%
  • Working capital days have increased from 61.9 days to 130 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

Industrials Capital Goods Industrial Products Iron & Steel Products

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
25.48 24.11 26.44 18.88 24.48 24.48 17.61 7.88 13.45 0.04 3.51 0.00 0.06
24.84 23.55 25.81 18.51 24.06 24.06 17.55 6.55 14.38 -0.01 0.60 0.04 0.02
Operating Profit 0.64 0.56 0.63 0.37 0.42 0.42 0.06 1.33 -0.93 0.05 2.91 -0.04 0.04
OPM % 2.51% 2.32% 2.38% 1.96% 1.72% 1.72% 0.34% 16.88% -6.91% 125.00% 82.91% 66.67%
0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.00 0.00 0.00
Interest 0.30 0.33 0.36 0.35 0.31 0.31 0.32 0.27 0.15 0.03 0.00 0.00 0.00
Depreciation 0.02 0.03 0.02 0.03 0.02 0.02 0.03 0.03 0.02 0.02 0.02 0.02 0.01
Profit before tax 0.32 0.20 0.26 -0.01 0.09 0.09 -0.29 1.12 -1.10 0.00 2.89 -0.06 0.03
Tax % 0.00% 0.00% 0.00% 500.00% 0.00% 0.00% 0.00% 1.79% 0.00% 0.00% 850.00% 0.00%
0.32 0.21 0.26 -0.06 0.09 0.09 -0.28 1.10 -1.10 0.00 2.89 -0.56 0.03
EPS in Rs 0.07 0.05 0.06 -0.01 0.02 0.02 -0.06 0.24 -0.24 0.00 0.64 -0.12 0.01
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 TTM
92.23 80.84 73.85 77.26 76.70 41.42 42.28 53.17 99.88 94.91 56.34 17.01 3.61
91.61 78.98 73.00 74.14 74.46 42.78 40.27 51.00 97.48 92.68 54.51 15.02 0.65
Operating Profit 0.62 1.86 0.85 3.12 2.24 -1.36 2.01 2.17 2.40 2.23 1.83 1.99 2.96
OPM % 0.67% 2.30% 1.15% 4.04% 2.92% -3.28% 4.75% 4.08% 2.40% 2.35% 3.25% 11.70% 81.99%
0.12 0.11 0.09 0.02 0.03 0.00 0.01 0.00 0.02 0.01 0.09 0.01 0.00
Interest 2.78 2.67 2.65 2.34 2.07 1.55 1.39 1.48 1.31 1.37 1.31 0.18 0.03
Depreciation 0.25 0.17 0.13 0.11 0.10 0.09 0.08 0.08 0.07 0.10 0.11 0.07 0.07
Profit before tax -2.29 -0.87 -1.84 0.69 0.10 -3.00 0.55 0.61 1.04 0.77 0.50 1.75 2.86
Tax % -1.31% -126.44% -30.98% 46.38% 50.00% 0.00% 23.64% 8.20% 7.69% 6.49% 4.00% 29.14%
-2.26 0.23 -1.27 0.38 0.05 -2.99 0.42 0.56 0.96 0.72 0.49 1.24 2.36
EPS in Rs -0.50 0.05 -0.28 0.08 0.01 -0.66 0.09 0.12 0.21 0.16 0.11 0.28 0.53
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: -14%
5 Years: -17%
3 Years: -45%
TTM: -94%
Compounded Profit Growth
10 Years: 18%
5 Years: 24%
3 Years: 9%
TTM: 1342%
Stock Price CAGR
10 Years: 16%
5 Years: 54%
3 Years: 51%
1 Year: -75%
Return on Equity
10 Years: 1%
5 Years: 10%
3 Years: 9%
Last Year: 13%

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 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.51 4.51
Reserves 4.71 4.94 3.67 4.05 4.10 1.11 1.53 2.09 3.05 3.77 4.26 5.50
20.10 20.57 17.45 14.98 20.40 14.11 10.18 13.72 15.58 8.68 6.90 0.00
12.69 15.74 13.64 5.05 5.34 3.49 1.06 7.82 5.51 11.48 3.65 1.33
Total Liabilities 42.00 45.75 39.26 28.58 34.34 23.21 17.27 28.13 28.64 28.43 19.32 11.34
2.07 2.02 1.90 1.79 1.70 1.62 1.54 1.46 1.39 1.52 1.49 1.29
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
Investments 0.09 0.09 0.09 0.09 0.09 0.08 0.08 0.08 0.05 0.05 0.05 0.00
39.84 43.64 37.27 26.70 32.55 21.51 15.65 26.59 27.20 26.86 17.78 10.05
Total Assets 42.00 45.75 39.26 28.58 34.34 23.21 17.27 28.13 28.64 28.43 19.32 11.34

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
3.11 1.76 0.01 3.99 -3.94 7.74 5.27 -1.97 -0.68 8.34 3.33 13.67
0.07 0.01 0.00 0.88 0.33 0.00 0.01 0.00 0.04 -0.22 0.02 0.19
-2.97 -1.93 -0.01 -4.71 3.36 -7.76 -5.27 2.15 0.59 -8.24 -3.02 -7.08
Net Cash Flow 0.20 -0.16 0.00 0.17 -0.26 -0.02 0.01 0.18 -0.04 -0.13 0.32 6.78
Free Cash Flow 3.08 1.64 0.00 3.99 -3.95 7.74 5.27 -1.97 -0.69 8.11 3.26 13.80
CFO/OP 502% 95% 1% 129% -175% -569% 269% -88% -25% 376% 183% 713%

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 36.53 45.83 53.82 47.43 57.01 84.24 41.96 33.43 33.88 22.23 36.54 106.65
Inventory Days 90.40 106.95 97.85 62.58 76.40 63.49 58.00 126.37 55.79 69.65 60.41 0.00
Days Payable 42.73 68.17 63.52 24.63 25.62 26.43 0.09 53.51 19.29 44.18 22.85
Cash Conversion Cycle 84.20 84.61 88.15 85.39 107.79 121.31 99.86 106.28 70.38 47.70 74.10 106.65
Working Capital Days 16.42 15.67 9.29 15.92 19.61 12.69 41.96 41.05 19.99 21.69 34.27 129.82
ROCE % 1.60% 6.07% 2.91% 12.33% 8.26% -5.95% 10.80% 11.45% 10.82% 10.63% 11.10% 15.03%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity
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Number of Permanent Employees
count

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
54.48% 54.48% 54.48% 54.48% 54.48% 34.19% 34.08% 16.50% 16.50% 16.80% 16.80% 16.80%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.52% 0.42% 0.00%
45.51% 45.52% 45.51% 45.53% 45.51% 65.81% 65.92% 83.50% 83.50% 82.68% 82.78% 83.22%
No. of Shareholders 2,4822,6572,8632,9973,0243,1343,1404,9884,8414,9094,7935,107

* 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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