Rathi Bars Ltd
Incorporated in 1993, Rathi Bars Ltd manufactures reinforcement steel bars (TMT) and Low Carbon Billets[1]
- Market Cap ₹ 66.9 Cr.
- Current Price ₹ 41.0
- High / Low ₹ 56.4 / 20.4
- Stock P/E 18.0
- Book Value ₹ 56.5
- Dividend Yield 0.00 %
- ROCE 5.52 %
- ROE 2.90 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.75 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.99% 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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
282 | 281 | 272 | 236 | 209 | 186 | 247 | 410 | 383 | 324 | 494 | 482 | 675 | |
275 | 272 | 264 | 227 | 202 | 179 | 239 | 401 | 371 | 312 | 481 | 467 | 657 | |
Operating Profit | 7 | 9 | 8 | 10 | 7 | 7 | 7 | 8 | 12 | 12 | 13 | 15 | 17 |
OPM % | 2% | 3% | 3% | 4% | 3% | 4% | 3% | 2% | 3% | 4% | 3% | 3% | 3% |
1 | 0 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
Interest | 3 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 5 | 8 |
Depreciation | 2 | 2 | 3 | 6 | 5 | 4 | 4 | 5 | 6 | 6 | 6 | 7 | 7 |
Profit before tax | 3 | 3 | 3 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 |
Tax % | 4% | 33% | 26% | 76% | -3% | 38% | 35% | 32% | 5% | 24% | 10% | 22% | |
3 | 2 | 2 | 0 | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 3 | 4 | |
EPS in Rs | 1.81 | 1.31 | 1.49 | 0.14 | 0.91 | 0.59 | 0.86 | 1.15 | 1.67 | 1.41 | 1.75 | 1.58 | 2.29 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 14% |
3 Years: | 8% |
TTM: | 60% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 13% |
3 Years: | -2% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 26% |
3 Years: | 33% |
1 Year: | 86% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 3% |
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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Reserves | 53 | 55 | 57 | 58 | 59 | 60 | 61 | 64 | 66 | 69 | 71 | 74 | 76 |
28 | 35 | 34 | 31 | 23 | 15 | 12 | 29 | 41 | 47 | 65 | 72 | 66 | |
24 | 25 | 31 | 30 | 29 | 21 | 19 | 18 | 20 | 20 | 22 | 22 | 19 | |
Total Liabilities | 121 | 131 | 139 | 135 | 128 | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 177 |
32 | 30 | 32 | 27 | 22 | 22 | 25 | 36 | 38 | 43 | 42 | 42 | 42 | |
CWIP | 1 | 4 | 4 | 6 | 9 | 13 | 11 | 10 | 13 | 10 | 9 | 7 | 7 |
Investments | 9 | 16 | 23 | 20 | 12 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
79 | 81 | 80 | 83 | 85 | 77 | 72 | 80 | 91 | 100 | 123 | 136 | 128 | |
Total Assets | 121 | 131 | 139 | 135 | 128 | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 177 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-8 | 7 | 14 | 6 | 15 | -3 | 10 | -1 | 2 | 3 | -9 | 3 | |
7 | -10 | -10 | 2 | 4 | 4 | -6 | -14 | -11 | -6 | -4 | -5 | |
0 | 4 | -5 | -8 | -10 | -11 | -4 | 15 | 9 | 3 | 14 | 2 | |
Net Cash Flow | -1 | 0 | -1 | 0 | 8 | -9 | -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 | 61 | 61 | 61 | 71 | 70 | 75 | 60 | 44 | 56 | 66 | 52 | 60 |
Inventory Days | 22 | 25 | 28 | 34 | 34 | 63 | 39 | 14 | 15 | 23 | 23 | 13 |
Days Payable | 20 | 19 | 21 | 22 | 23 | 46 | 35 | 11 | 13 | 15 | 9 | 9 |
Cash Conversion Cycle | 63 | 66 | 69 | 83 | 81 | 93 | 64 | 47 | 58 | 74 | 65 | 65 |
Working Capital Days | 74 | 76 | 70 | 86 | 86 | 117 | 84 | 59 | 72 | 95 | 79 | 89 |
ROCE % | 6% | 7% | 6% | 4% | 4% | 3% | 4% | 4% | 6% | 5% | 5% | 6% |
Documents
Announcements
- Certificate Under Regulation 7(3) Of The SEBI (LODR), 2015 For The Year Ended 31St March, 2024 16 Apr
-
Certificate Under Regulation 40(9) Of The SEBI (LODR), 2015
16 Apr - Certificate from Practicing Company Secretary with regards to the Transfer/Transmission/Transposition of Securities
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Rathi Bar Limited_Regulation 74(5) of SEBI (DP) Regulation, 2018_Processing of Demat request form by Issuer/ RTA
- Shareholder Meeting / Postal Ballot-Outcome of AGM 8 Apr
- Closure of Trading Window 3 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product Profile:[1]
a) Rathi Shaktiman:
These are steel bars of Fe 500 grade made as per IS 1786-2008 and are available in a range from 8mm to 32mm suitable for all
types of requirement. Installed capacity of over 1000 tons per day
b) Rathi Shaktiman Excel:
It is India’s first unique double-66-pattern design equivalent to British Standard B500C Steels Bars. It has lower impurities and high bond and tensile strength