Rajasthan Tube Manufacturing Co Ltd
₹ 10.0
-1.37%
04 Sep
4:01 p.m.
About
Incorporated in 1985, Rajasthan Tubes Mfg.
Co. Ltd is in the business of manufacturing
of ERW steel tubes.[1]
Key Points
- Market Cap ₹ 45.3 Cr.
- Current Price ₹ 10.0
- High / Low ₹ 46.0 / 9.69
- Stock P/E 19.2
- Book Value ₹ 2.22
- Dividend Yield 0.00 %
- ROCE 15.0 %
- ROE 13.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 4.53 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.
- Contingent liabilities of Rs.14.7 Cr.
- 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
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: | 17% |
| 5 Years: | 51% |
| 3 Years: | 61% |
| 1 Year: | -74% |
| 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 | 3.71 | 1.34 | |
| Total Liabilities | 42.00 | 45.75 | 39.26 | 28.58 | 34.34 | 23.21 | 17.27 | 28.13 | 28.64 | 28.43 | 19.38 | 11.35 |
| 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 | 17.84 | 10.06 | |
| Total Assets | 42.00 | 45.75 | 39.26 | 28.58 | 34.34 | 23.21 | 17.27 | 28.13 | 28.64 | 28.43 | 19.38 | 11.35 |
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
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity MTPA |
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| Number of Permanent Employees count |
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Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
-
Pursuant To Regulation 44(3) Of SEBI (LODR) Regulations, 2015, Please Find Enclosed The Scrutinizer''s Report (Annexure-1) & Voting Results (Annexure-2) On The Resolutions Passed At The Extra-Ordinary General Meeting ("EOGM") Of The Company Held On 20Thday Of August, 2026.
- EOGM on 20 Aug 2026 approved warrant issuance, two independent directors, and amended charter documents.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
from bse
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.