Rathi Bars Ltd

Rathi Bars Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rathi Bars Ltd

₹ 25.1 0.40%
23 Apr - close price
rathisteels.com BSE: 532918
About

Incorporated in 1993, Rathi Bars Ltd is a manufacturer of TMT bars and other steel products[1]

Key Points

Business Overview:[1][2]
RBL is a part of Rathi Group. It is an ISO 9001-2015 certified manufacturer, marketer, and distributor of reinforcing thermo-mechanically treated Steel Bars and Low Carbon Billets under the brand name Rathi Shaktiman and Rathi Thermex brands.

Website BSE
  • Market Cap ₹ 41.0 Cr.
  • Current Price ₹ 25.1
  • High / Low ₹ 38.6 / 20.0
  • Stock P/E 11.4
  • Book Value ₹ 60.2
  • Dividend Yield 0.00 %
  • ROCE 5.91 %
  • ROE 2.70 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.42 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.32% over past five years.
  • Company has a low return on equity of 3.15% over last 3 years.
  • Debtor days have increased from 58.3 to 71.7 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
73.92 198.42 169.76 172.03 134.42 137.32 147.64 99.94 110.53 138.18 132.84 125.60 90.62
70.62 193.90 165.52 167.63 130.27 135.28 144.08 96.44 107.06 135.36 129.69 121.97 88.29
Operating Profit 3.30 4.52 4.24 4.40 4.15 2.04 3.56 3.50 3.47 2.82 3.15 3.63 2.33
OPM % 4.46% 2.28% 2.50% 2.56% 3.09% 1.49% 2.41% 3.50% 3.14% 2.04% 2.37% 2.89% 2.57%
0.20 0.26 0.16 0.11 0.45 0.11 0.00 0.00 0.00 1.42 0.22 0.53 0.34
Interest 1.35 1.78 1.83 1.80 2.17 0.33 1.47 1.57 1.49 1.97 1.43 1.87 0.76
Depreciation 1.49 2.08 1.59 1.72 1.60 0.59 1.12 1.33 1.10 1.20 1.09 1.32 1.20
Profit before tax 0.66 0.92 0.98 0.99 0.83 1.23 0.97 0.60 0.88 1.07 0.85 0.97 0.71
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.67 0.91 0.99 1.00 0.83 1.23 0.97 0.60 0.89 1.07 0.84 0.97 0.70
EPS in Rs 0.41 0.56 0.61 0.61 0.51 0.75 0.59 0.37 0.54 0.66 0.51 0.59 0.43
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
272 236 209 186 247 410 383 324 494 482 614 496 487
264 227 202 179 239 401 371 312 481 467 600 483 475
Operating Profit 8 10 7 7 7 8 12 12 13 15 14 13 12
OPM % 3% 4% 3% 4% 3% 2% 3% 4% 3% 3% 2% 3% 2%
2 1 1 1 0 0 0 0 0 0 0 1 3
Interest 4 4 2 2 2 2 4 3 4 5 6 6 6
Depreciation 3 6 5 4 4 5 6 6 6 7 4 5 5
Profit before tax 3 1 1 2 2 3 3 3 3 3 4 4 4
Tax % 26% 76% -3% 38% 35% 32% 5% 24% 10% 22% 12% 27%
2 0 1 1 1 2 3 2 3 3 4 3 4
EPS in Rs 1.49 0.14 0.91 0.59 0.86 1.15 1.67 1.41 1.75 1.58 2.19 1.57 2.19
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 0%
TTM: -2%
Compounded Profit Growth
10 Years: 32%
5 Years: -1%
3 Years: -3%
TTM: -3%
Stock Price CAGR
10 Years: 13%
5 Years: 10%
3 Years: 5%
1 Year: -29%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 3%
Last Year: 3%

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 Sep 2025
Equity Capital 16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 57 58 59 60 61 64 66 69 71 74 78 80 82
34 31 23 15 12 29 41 47 65 72 67 82 86
31 30 29 21 19 18 20 20 22 22 18 17 13
Total Liabilities 139 135 128 112 110 127 143 152 175 185 179 195 198
32 27 22 22 25 36 38 43 42 42 38 41 44
CWIP 4 6 9 13 11 10 13 10 9 7 7 5 3
Investments 23 20 12 0 0 0 0 1 1 1 0 0 0
80 83 85 77 72 80 91 100 123 136 134 149 151
Total Assets 139 135 128 112 110 127 143 152 175 185 179 195 198

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
14 6 15 -3 10 -1 2 3 -9 3 12 -3
-10 2 4 4 -6 -14 -11 -6 -4 -5 -1 -6
-5 -8 -10 -11 -4 15 9 3 14 2 -12 9
Net Cash Flow -1 0 8 -9 -0 0 0 -0 0 0 -0 -0
Free Cash Flow 10 3 11 -10 4 -15 -9 -3 -14 -2 11 -9
CFO/OP 179% 59% 206% -34% 134% -6% 24% 29% -69% 24% 92% -18%

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 61 71 70 75 60 44 56 66 52 60 43 72
Inventory Days 28 34 34 63 39 14 15 23 23 13 10 10
Days Payable 21 22 23 46 35 11 13 15 9 9 6 6
Cash Conversion Cycle 69 83 81 93 64 47 58 74 65 65 48 76
Working Capital Days 32 45 49 90 68 38 38 54 40 46 37 46
ROCE % 6% 4% 4% 3% 4% 4% 6% 5% 5% 6% 6% 6%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Manufacturing Production Volume - Steel Bars
MT

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Total Production Volume - Steel Bars (Manufacturing + Trading)
MT
Sales Volume (Despatch) - Steel Bars
MT
Annual Licensed Capacity - Ingots / Billets
MT
Annual Licensed Capacity - Steel Bars
MT
Raw Material Consumption (Ingots/Billets)
MT

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01% 64.01%
35.99% 35.99% 35.99% 35.99% 35.98% 35.99% 35.99% 35.99% 35.98% 35.99% 36.01% 35.99%
No. of Shareholders 7,9658,1158,2498,2858,2998,6789,3929,2509,1068,9678,8719,106

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