Riddhi Steel & Tube Ltd

Riddhi Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Riddhi Steel & Tube Ltd

₹ 41.1 8.16%
26 Apr - close price
riddhitubes.com BSE: 540082
About

Incorporated in 2002, Riddhi Steel & Tube does manufacturing, dealing, trading of Steel and tube pipes[1]

Key Points

Product Profile:
a) MS Black Pipes:[1]
ERW Tubes & Pipes are used for gas &
water lines, fire hydrant installation, green
house projects, infrastructure, construction,
power or in engineering applications. Company
also manufactures Square & Rectangular Hollow Sections which are available in a variety of dimensions and thickness
b) Galvanized tubes & pipes:[2]
These are used in sectors like Solar,
Agriculture, Green House, Infrastructure,
Light Poles, Scaffolding, Transmission & Communication Towers, etc.
c) Pre-galvanized tubes & pipes:[3]
Used in Infrastructure, Construction, Solar, Transmission & Communication towers, etc.

Website BSE
  • Market Cap ₹ 34.1 Cr.
  • Current Price ₹ 41.1
  • High / Low ₹ 90.3 / 30.0
  • Stock P/E 10.0
  • Book Value ₹ 66.2
  • Dividend Yield 0.00 %
  • ROCE 9.45 %
  • ROE 6.70 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.62 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 2.44% over past five years.
  • Company has a low return on equity of 4.98% 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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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Sep 2023
191 145 147 118 210 161 142 161 154
181 135 139 110 203 152 135 152 144
Operating Profit 10 10 8 8 7 9 7 9 10
OPM % 5% 7% 5% 7% 3% 6% 5% 6% 6%
2 1 1 0 1 1 2 1 1
Interest 7 6 5 5 5 6 6 6 6
Depreciation 2 2 2 2 2 2 2 2 2
Profit before tax 3 2 1 1 1 2 2 2 2
Tax % 2% 34% -18% 26% 58% 30% 42% 30% 0%
3 1 2 1 0 2 1 2 2
EPS in Rs 4.08 1.70 1.99 1.07 0.49 1.87 1.12 1.87 2.97
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
150 179 205 233 230 235 268 376 291 327 302 303
140 168 192 218 214 219 252 357 273 312 286 285
Operating Profit 9 11 13 16 16 16 16 19 17 15 17 17
OPM % 6% 6% 7% 7% 7% 7% 6% 5% 6% 5% 6% 6%
0 0 0 0 2 2 1 2 1 2 3 2
Interest 5 6 8 9 11 10 9 12 11 11 12 12
Depreciation 2 2 2 3 3 3 3 4 4 4 4 3
Profit before tax 3 3 4 4 4 4 5 6 4 2 4 5
Tax % 35% 34% 36% 33% 34% 35% 35% 14% 14% 40% 36% 29%
2 2 2 3 3 3 3 5 3 1 2 3
EPS in Rs 3.41 4.35 3.85 4.25 4.47 3.23 3.79 6.01 3.69 1.58 2.99 4.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 2%
3 Years: 1%
TTM: 0%
Compounded Profit Growth
10 Years: 5%
5 Years: 2%
3 Years: 4%
TTM: 37%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 36%
1 Year: -13%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 5%
Last Year: 7%

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 5 5 6 6 6 8 8 8 8 8 8 8 8
Reserves 7 9 11 14 17 26 29 34 37 38 41 44 47
38 47 68 75 81 78 83 104 99 107 126 120 114
3 3 10 7 9 12 14 10 9 16 15 11 7
Total Liabilities 53 64 95 102 112 124 134 155 153 169 190 183 176
11 14 20 19 22 23 26 27 29 30 28 26 25
CWIP 0 3 5 5 4 3 3 3 3 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
42 48 70 78 87 98 104 125 121 139 163 157 151
Total Assets 53 64 95 102 112 124 134 155 153 169 190 183 176

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
4 7 -0 6 2 3 12 3 28 -3 -8 17
-3 -7 -11 -2 -4 -2 -6 -2 -5 1 1 1
-2 0 14 -5 -0 -1 -7 -1 -16 -3 8 -17
Net Cash Flow 0 0 3 -0 -2 0 -1 1 7 -6 1 1

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 46 43 58 52 69 71 74 63 72 54 59 75
Inventory Days 48 41 44 39 53 50 53 47 42 65 84 83
Days Payable 1 2 7 1 7 12 15 6 9 16 15 9
Cash Conversion Cycle 93 82 95 91 116 110 112 104 105 104 129 150
Working Capital Days 87 79 92 94 125 133 124 112 131 136 176 174
ROCE % 17% 17% 15% 14% 15% 13% 12% 13% 10% 9% 9% 9%

Shareholding Pattern

Numbers in percentages

9 Recently
Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Mar 2024
69.34% 69.34% 69.34% 69.34% 69.34% 70.14% 72.49% 72.49% 72.56% 72.56% 72.56% 72.85%
30.66% 30.66% 30.66% 30.66% 30.66% 29.86% 27.51% 27.51% 27.44% 27.44% 27.44% 27.15%
No. of Shareholders 125122122124131131125129130127129127

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