Rajasthan Tube Manufacturing Co Ltd

Rajasthan Tube Manufacturing Co Ltd

₹ 44.5 -1.98%
28 Feb - close price
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

  • Market Cap 20.1 Cr.
  • Current Price 44.5
  • High / Low 51.2 / 12.0
  • Stock P/E 14.4
  • Book Value 17.9
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE 13.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 96.4 days to 71.3 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.1% 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
16.75 10.50 15.35 10.00 11.98 15.84 32.60 15.72 23.15 28.41 25.48 24.11 26.44
15.81 9.98 14.67 9.50 11.56 15.36 32.13 15.40 22.71 27.29 24.84 23.55 25.81
Operating Profit 0.94 0.52 0.68 0.50 0.42 0.48 0.47 0.32 0.44 1.12 0.64 0.56 0.63
OPM % 5.61% 4.95% 4.43% 5.00% 3.51% 3.03% 1.44% 2.04% 1.90% 3.94% 2.51% 2.32% 2.38%
0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.01
Interest 0.36 0.36 0.32 0.31 0.37 0.39 0.25 0.27 0.33 0.41 0.30 0.33 0.36
Depreciation 0.02 0.02 0.02 0.02 0.02 0.01 0.02 0.02 0.02 0.02 0.02 0.03 0.02
Profit before tax 0.56 0.15 0.34 0.17 0.03 0.08 0.20 0.05 0.09 0.69 0.32 0.20 0.26
Tax % 0.00% 86.67% 0.00% 0.00% 0.00% 62.50% 0.00% 0.00% 0.00% 11.59% 0.00% 0.00% 0.00%
0.56 0.02 0.34 0.16 0.03 0.03 0.20 0.05 0.09 0.61 0.32 0.21 0.26
EPS in Rs 1.24 0.04 0.75 0.35 0.07 0.07 0.44 0.11 0.20 1.35 0.71 0.47 0.58
Raw PDF

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
95 106 104 92 81 74 77 77 41 42 53 100 104
92 103 100 92 79 73 74 74 43 40 51 97 101
Operating Profit 3 4 3 1 2 1 3 2 -1 2 2 2 3
OPM % 4% 3% 3% 1% 2% 1% 4% 3% -3% 5% 4% 2% 3%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 2 3 3 3 3 3 2 2 2 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 0 0 -2 -1 -2 1 0 -3 1 1 1 1
Tax % 24% 36% 26% 1% 126% 31% 46% 50% 0% 24% 8% 8%
1 0 0 -2 0 -1 0 0 -3 0 1 1 1
EPS in Rs 1.62 0.55 0.51 -5.01 0.51 -2.82 0.84 0.11 -6.63 0.93 1.24 2.13 3.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 5%
3 Years: 34%
TTM: 20%
Compounded Profit Growth
10 Years: 14%
5 Years: 20%
3 Years: 32%
TTM: 278%
Stock Price CAGR
10 Years: 4%
5 Years: 17%
3 Years: 39%
1 Year: 204%
Return on Equity
10 Years: -4%
5 Years: -3%
3 Years: 10%
Last Year: 14%

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 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 7 7 7 5 5 4 4 4 1 2 2 3 4
15 19 21 20 21 17 15 20 14 10 14 16 13
12 16 11 13 16 14 5 5 3 1 8 6 13
Total Liabilities 38 45 44 42 46 39 29 34 23 17 28 29 34
3 3 2 2 2 2 2 2 2 2 1 1 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
35 43 41 40 44 37 27 33 22 16 27 27 32
Total Assets 38 45 44 42 46 39 29 34 23 17 28 29 34

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 -1 5 3 2 0 4 -4 8 5 -2 -1
-0 0 -1 0 0 0 1 0 0 0 0 0
0 1 -4 -3 -2 -0 -5 3 -8 -5 2 1
Net Cash Flow 0 0 1 0 -0 0 0 -0 -0 0 0 -0

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 47 57 39 37 46 54 47 57 84 42 33 34
Inventory Days 79 74 87 90 107 98 63 76 63 58 126 56
Days Payable 42 52 35 43 68 64 25 26 26 0 54 19
Cash Conversion Cycle 84 79 91 84 85 88 85 108 121 100 106 70
Working Capital Days 84 90 100 96 108 96 87 117 137 105 113 71
ROCE % 13% 12% 11% 2% 6% 3% 12% 8% -6% 11% 11% 11%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
51.47% 51.47% 51.47% 51.47% 51.47% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48%
48.53% 48.53% 48.53% 48.53% 48.53% 45.52% 45.51% 45.52% 45.51% 45.51% 45.51% 45.52%
No. of Shareholders 2,3222,3142,3182,3462,3922,4202,4302,4332,4342,4162,4822,657

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