Riddhi Steel & Tube Ltd

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

Riddhi Steel & Tube Ltd

₹ 141 4.98%
02 Dec - close price
riddhitubes.com BSE - SME: 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 ₹ 117 Cr.
  • Current Price ₹ 141
  • High / Low ₹ 156 / 35.5
  • Stock P/E 20.5
  • Book Value ₹ 73.1
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 8.75 %
  • Face Value ₹ 10.0
Edit ratios

Pros

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 -2.73% over past five years.
  • Company has a low return on equity of 6.96% 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 Mar 2023 Sep 2023 Mar 2024 Sep 2024
191 145 147 118 210 161 142 161 142 154 174 155
181 135 139 110 203 152 135 152 134 144 165 145
Operating Profit 10 10 8 8 7 9 7 9 8 10 9 10
OPM % 5% 7% 5% 7% 3% 6% 5% 6% 6% 6% 5% 6%
2 1 1 0 1 1 2 1 2 1 2 2
Interest 7 6 5 5 5 6 6 6 6 6 5 6
Depreciation 2 2 2 2 2 2 2 2 1 2 2 1
Profit before tax 3 2 1 1 1 2 2 2 3 2 4 5
Tax % 2% 34% -18% 26% 58% 30% 42% 30% 29% 0% 43% 26%
3 1 2 1 0 2 1 2 2 2 2 3
EPS in Rs 4.08 1.70 1.99 1.07 0.49 1.87 1.12 1.87 2.23 2.97 2.82 4.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
179 205 233 230 235 268 376 291 327 302 303 328 329
168 192 218 214 219 252 357 273 312 286 285 309 309
Operating Profit 11 13 16 16 16 16 19 17 15 17 17 19 19
OPM % 6% 7% 7% 7% 7% 6% 5% 6% 5% 6% 6% 6% 6%
0 0 0 2 2 1 2 1 2 3 2 3 3
Interest 6 8 9 11 10 9 12 11 11 12 12 12 11
Depreciation 2 2 3 3 3 3 4 4 4 4 3 3 3
Profit before tax 3 4 4 4 4 5 6 4 2 4 5 7 9
Tax % 34% 36% 33% 34% 35% 35% 14% 14% 40% 36% 29% 27%
2 2 3 3 3 3 5 3 1 2 3 5 6
EPS in Rs 4.35 3.85 4.25 4.47 3.23 3.79 6.01 3.69 1.58 2.99 4.10 5.79 6.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -3%
3 Years: 0%
TTM: 11%
Compounded Profit Growth
10 Years: 8%
5 Years: -1%
3 Years: 54%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 64%
3 Years: 95%
1 Year: 74%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 7%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 6 6 6 8 8 8 8 8 8 8 8 8
Reserves 9 11 14 17 26 29 34 37 38 41 44 49 52
47 68 75 81 78 83 104 99 107 126 120 132 122
3 10 7 9 12 14 10 9 16 15 11 7 7
Total Liabilities 64 95 102 112 124 134 155 153 169 190 183 197 190
14 20 19 22 23 26 27 29 30 28 26 24 23
CWIP 3 5 5 4 3 3 3 3 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
48 70 78 87 98 104 125 121 139 163 157 173 167
Total Assets 64 95 102 112 124 134 155 153 169 190 183 197 190

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 -0 6 2 3 12 3 28 -3 -8 17 9
-7 -11 -2 -4 -2 -6 -2 -5 1 1 1 -1
0 14 -5 -0 -1 -7 -1 -16 -3 8 -17 1
Net Cash Flow 0 3 -0 -2 0 -1 1 7 -6 1 1 9

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 58 52 69 71 74 63 72 54 59 75 61
Inventory Days 41 44 39 53 50 53 47 42 65 84 83 103
Days Payable 2 7 1 7 12 15 6 9 16 15 9 3
Cash Conversion Cycle 82 95 91 116 110 112 104 105 104 129 150 161
Working Capital Days 79 92 94 125 133 124 112 131 136 176 174 172
ROCE % 17% 15% 14% 15% 13% 12% 13% 10% 9% 9% 9% 10%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2020Sep 2020Mar 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Mar 2024Sep 2024
69.34% 69.34% 69.34% 69.34% 70.14% 72.49% 72.49% 72.56% 72.56% 72.56% 72.85% 72.56%
30.66% 30.66% 30.66% 30.66% 29.86% 27.51% 27.51% 27.44% 27.44% 27.44% 27.15% 27.44%
No. of Shareholders 122122124131131125129130127129127122

Documents

Announcements

Annual reports

DRHP

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