Rajasthan Tube Manufacturing Co Ltd

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

Rajasthan Tube Manufacturing Co Ltd

₹ 41.4 -1.33%
10 Oct - close price
rajtube.com BSE: 530253
About

Incorporated in 1985, Rajasthan Tubes Mfg. Co. Ltd. is engaged in Manufacturing and Trading of Black and Galvanized ERW Steel tubes and Pipes.

Key Points

Product Profile:[1]
a) Electric resistance welding Black Steel Pipes
b) Electric resistance welding Galvanized Steel Pipes
c) Steel Square Tubes
d) Hot Rolled Steel Sheets

Website BSE
  • Market Cap ₹ 187 Cr.
  • Current Price ₹ 41.4
  • High / Low ₹ 58.0 / 3.05
  • Stock P/E
  • Book Value ₹ 1.94
  • Dividend Yield 0.00 %
  • ROCE 11.1 %
  • ROE 5.75 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 21.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -17.6%
  • The company has delivered a poor sales growth of 6.35% over past five years.
  • Promoter holding is low: 16.5%
  • Company has a low return on equity of 9.19% over last 3 years.
  • Company's cost of borrowing seems high

* 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 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
32.60 15.72 23.15 28.41 25.48 24.11 26.44 18.88 24.48 6.37 17.61 7.88 13.45
32.13 15.40 22.71 27.29 24.84 23.55 25.81 18.51 24.06 6.40 17.55 6.55 14.38
Operating Profit 0.47 0.32 0.44 1.12 0.64 0.56 0.63 0.37 0.42 -0.03 0.06 1.33 -0.93
OPM % 1.44% 2.04% 1.90% 3.94% 2.51% 2.32% 2.38% 1.96% 1.72% -0.47% 0.34% 16.88% -6.91%
0.00 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.09 0.01
Interest 0.25 0.27 0.33 0.41 0.30 0.33 0.36 0.35 0.31 0.36 0.32 0.27 0.15
Depreciation 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.03 0.02 0.03 0.03 0.03 0.02
Profit before tax 0.20 0.05 0.09 0.69 0.32 0.20 0.26 -0.01 0.09 -0.42 -0.29 1.12 -1.09
Tax % 0.00% 0.00% 0.00% 11.59% 0.00% 0.00% 0.00% 500.00% 0.00% 0.00% 0.00% 1.79% 0.00%
0.20 0.05 0.09 0.61 0.32 0.21 0.26 -0.06 0.09 -0.42 -0.28 1.10 -1.09
EPS in Rs 0.04 0.01 0.02 0.14 0.07 0.05 0.06 -0.01 0.02 -0.09 -0.06 0.24 -0.24
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
103.71 92.23 80.84 73.85 77.26 76.70 41.42 42.28 53.17 99.88 94.91 56.34 45.31
100.23 91.61 78.98 73.00 74.14 74.46 42.78 40.27 51.00 97.48 92.68 54.51 44.88
Operating Profit 3.48 0.62 1.86 0.85 3.12 2.24 -1.36 2.01 2.17 2.40 2.23 1.83 0.43
OPM % 3.36% 0.67% 2.30% 1.15% 4.04% 2.92% -3.28% 4.75% 4.08% 2.40% 2.35% 3.25% 0.95%
0.13 0.12 0.11 0.09 0.02 0.03 0.00 0.01 0.00 0.02 0.01 0.09 0.10
Interest 3.01 2.78 2.67 2.65 2.34 2.07 1.55 1.39 1.48 1.31 1.37 1.31 1.10
Depreciation 0.29 0.25 0.17 0.13 0.11 0.10 0.09 0.08 0.08 0.07 0.10 0.11 0.11
Profit before tax 0.31 -2.29 -0.87 -1.84 0.69 0.10 -3.00 0.55 0.61 1.04 0.77 0.50 -0.68
Tax % 25.81% -1.31% -126.44% -30.98% 46.38% 50.00% 0.00% 23.64% 8.20% 7.69% 6.49% 4.00%
0.23 -2.26 0.23 -1.27 0.38 0.05 -2.99 0.42 0.56 0.96 0.72 0.49 -0.69
EPS in Rs 0.05 -0.50 0.05 -0.28 0.08 0.01 -0.66 0.09 0.12 0.21 0.16 0.11 -0.15
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: -5%
5 Years: 6%
3 Years: 2%
TTM: -52%
Compounded Profit Growth
10 Years: 8%
5 Years: 17%
3 Years: -4%
TTM: -238%
Stock Price CAGR
10 Years: 38%
5 Years: 105%
3 Years: 188%
1 Year: 1047%
Return on Equity
10 Years: -1%
5 Years: 9%
3 Years: 9%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.51
Reserves 6.99 4.71 4.94 3.67 4.05 4.10 1.11 1.53 2.09 3.05 3.77 4.26
20.64 20.10 20.57 17.45 14.98 20.40 14.11 10.18 13.72 15.58 8.68 6.90
11.49 12.69 15.74 13.64 5.05 5.34 3.49 1.06 7.82 5.51 11.48 3.71
Total Liabilities 43.62 42.00 45.75 39.26 28.58 34.34 23.21 17.27 28.13 28.64 28.43 19.38
2.30 2.07 2.02 1.90 1.79 1.70 1.62 1.54 1.46 1.39 1.52 1.49
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 0.09 0.08 0.08 0.08 0.05 0.05 0.05
41.23 39.84 43.64 37.27 26.70 32.55 21.51 15.65 26.59 27.20 26.86 17.84
Total Assets 43.62 42.00 45.75 39.26 28.58 34.34 23.21 17.27 28.13 28.64 28.43 19.38

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5.02 3.11 1.76 0.01 3.99 -3.94 7.74 5.27 -1.97 -0.68 8.34 3.33
-0.63 0.07 0.01 0.00 0.88 0.33 0.00 0.01 0.00 0.04 -0.22 0.02
-3.80 -2.97 -1.93 -0.01 -4.71 3.36 -7.76 -5.27 2.15 0.59 -8.24 -3.02
Net Cash Flow 0.59 0.20 -0.16 0.00 0.17 -0.26 -0.02 0.01 0.18 -0.04 -0.13 0.32

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 38.92 36.53 45.83 53.82 47.43 57.01 84.24 41.96 33.43 33.88 22.23 36.54
Inventory Days 87.42 90.40 106.95 97.85 62.58 76.40 63.49 58.00 126.37 55.79 69.65 60.41
Days Payable 35.48 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 90.86 84.20 84.61 88.15 85.39 107.79 121.31 99.86 106.28 70.38 47.70 74.10
Working Capital Days 27.42 16.42 15.67 9.29 15.92 19.61 12.69 41.96 41.05 19.99 21.69 34.27
ROCE % 10.71% 1.60% 6.07% 2.91% 12.33% 8.26% -5.95% 10.80% 11.45% 10.82% 10.63% 11.10%

Shareholding Pattern

Numbers in percentages

11 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 34.19% 34.08% 16.50%
45.51% 45.52% 45.51% 45.51% 45.51% 45.52% 45.51% 45.53% 45.51% 65.81% 65.92% 83.50%
No. of Shareholders 2,4302,4332,4342,4162,4822,6572,8632,9973,0243,1343,1404,988

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