Riddhi Steel & Tube Ltd

₹ 265 0.00%

04 Jun - close price

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 ₹ 330 Cr.
Current Price ₹ 265
High / Low ₹ 276 / 50.0
Stock P/E 28.8
Book Value ₹ 59.2
Dividend Yield 0.00 %
ROCE 14.7 %
ROE 16.9 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 54.3% CAGR over last 5 years
Debtor days have improved from 49.2 to 37.6 days.

Cons

Stock is trading at 4.48 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 6.95% over past five years.
Company has a low return on equity of 13.1% 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

Industrials Capital Goods Industrial Products Iron & Steel Products

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Detailed Comparison with:

Half Yearly Results

Figures in Rs. Crores

	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	147	118	210	161	142	161	142	154	174	155	237	247	211
	139	110	203	152	135	152	134	144	165	145	225	231	198
Operating Profit	8	8	7	9	7	9	8	10	9	10	12	16	13
OPM %	5%	7%	3%	6%	5%	6%	6%	6%	5%	6%	5%	7%	6%
	1	0	1	1	2	1	2	1	2	2	1	2	2
Interest	5	5	5	6	6	6	6	6	5	6	6	7	7
Depreciation	2	2	2	2	2	2	1	2	2	1	2	2	1
Profit before tax	1	1	1	2	2	2	3	2	4	5	6	9	6
Tax %	-18%	26%	58%	30%	42%	30%	29%	0%	43%	26%	26%	35%	16%
	2	1	0	2	1	2	2	2	2	3	4	6	5
EPS in Rs	1.33	0.72	0.33	1.25	0.75	1.25	1.49	1.98	1.89	2.72	3.40	4.90	4.32
Raw PDF

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
	233	230	235	268	376	291	327	302	303	328	391	458
	218	214	219	252	357	273	312	286	285	309	369	429
Operating Profit	16	16	16	16	19	17	15	17	17	19	22	29
OPM %	7%	7%	7%	6%	5%	6%	5%	6%	6%	6%	6%	6%
	0	2	2	1	2	1	2	3	2	3	3	3
Interest	9	11	10	9	12	11	11	12	12	12	12	14
Depreciation	3	3	3	3	4	4	4	4	3	3	3	3
Profit before tax	4	4	4	5	6	4	2	4	5	7	10	16
Tax %	33%	34%	35%	35%	14%	14%	40%	36%	29%	27%	26%	28%
	3	3	3	3	5	3	1	2	3	5	8	11
EPS in Rs	2.84	2.99	2.16	2.53	4.02	2.47	1.06	2.00	2.74	3.87	6.12	9.21
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	7%
5 Years:	7%
3 Years:	15%
TTM:	17%

Compounded Profit Growth
10 Years:	16%
5 Years:	54%
3 Years:	50%
TTM:	51%

Stock Price CAGR
10 Years:	%
5 Years:	83%
3 Years:	125%
1 Year:	290%

Return on Equity
10 Years:	9%
5 Years:	11%
3 Years:	13%
Last Year:	17%

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	6	6	8	8	8	8	8	8	8	8	8	12
Reserves	14	17	26	29	34	37	38	41	44	49	54	61
	75	81	78	83	104	99	107	126	120	132	130	137
	7	9	12	14	10	9	16	15	11	7	9	6
Total Liabilities	102	112	124	134	155	153	169	190	183	197	201	217
	19	22	23	26	27	29	30	28	26	24	22	21
CWIP	5	4	3	3	3	3	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	78	87	98	104	125	121	139	163	157	173	179	196
Total Assets	102	112	124	134	155	153	169	190	183	197	201	217

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
	6	2	3	12	3	28	-3	-8	17	9	13	6
	-2	-4	-2	-6	-2	-5	1	1	1	-1	-0	1
	-5	-0	-1	-7	-1	-16	-3	8	-17	1	-16	-7
Net Cash Flow	-0	-2	0	-1	1	7	-6	1	1	9	-4	1
Free Cash Flow	4	-2	-1	5	-0	22	-5	-10	16	8	12	4
CFO/OP	31%	18%	28%	85%	25%	162%	-17%	-43%	107%	56%	69%	34%

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	52	69	71	74	63	72	54	59	75	61	49	38
Inventory Days	39	53	50	53	47	42	65	84	83	103	92	109
Days Payable	1	7	12	15	6	9	16	15	9	3	3	-1
Cash Conversion Cycle	91	116	110	112	104	105	104	129	150	161	139	148
Working Capital Days	32	58	74	68	62	65	94	89	83	70	73	72
ROCE %	14%	15%	13%	12%	13%	10%	9%	9%	9%	10%	12%	15%

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

Number of Permanent Employees
Count

			xx	xx	xx	xx	xx	xx	xx	xxx	xx
			xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
			xxx			xxx	xxx	xxx	xxx	xxx	xxx
xx,xxx	xx,xxx	xx,xxx									xx,xxx
xx,xxx	xx,xxx	xx,xxx
xx.xx	xx.xx	xx.xx
xx,xxx	xx,xxx	xx,xxx
										xx	xx

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Receivables Collection Period
Days

Gross Current Assets (GCA) Days
Days

Installed Capacity
MT

Actual Production Volume
MT

Capacity Utilization
%

Sales Volume
MT

Supplier Concentration (Top 5 Vendors)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2021	Dec 2021	Mar 2022	Sep 2022	Dec 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	69.34%	70.14%	72.49%	72.49%	72.56%	72.56%	72.56%	72.85%	72.56%	73.58%	74.17%	74.61%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	1.38%
	30.66%	29.86%	27.51%	27.51%	27.44%	27.44%	27.44%	27.15%	27.44%	26.41%	25.46%	24.02%
No. of Shareholders	131	131	125	129	130	127	129	127	122	109	105	96

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	68.62%	68.62%	68.62%	69.34%	69.34%	72.49%	72.56%	72.85%	73.58%	74.61%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.38%
	31.38%	31.38%	31.38%	30.66%	30.66%	27.51%	27.44%	27.15%	26.41%	24.02%
No. of Shareholders	150	137	118	122	124	125	127	127	109	96

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Riddhi Steel & Tube Ltd

Riddhi Steel & Tube Ltd

Peer comparison

Half Yearly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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