Riddhi Steel & Tube Ltd

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

₹ 275 0.00%
21 Oct - close price
riddhitubes.com BSE - SME: 540082
About

Incorporated in 2001, Riddhi Steel and
Tube Ltd manufactures ERW mild steel
black, galvanized /pre-galvanized round
pipes and square/rectangular hollow sections
in Ahmedabad for infrastructure, construction, solar, transmission, agriculture, greenhouse and engineering applications.[1]

Key Points

Product Profile:[1]
RSTL converts steel coil/strip into MS black round pipes, square/rectangular hollow sections, hot-dip galvanized pipes and pre-galvanized pipes. Applications include water/gas lines, fire hydrants, structures, solar mounting, scaffolding, light poles, transmission/communication towers and agriculture. It reports one segment: manufacturing and selling iron and steel products.[2]

Website BSE
  • Market Cap ₹ 342 Cr.
  • Current Price ₹ 275
  • High / Low ₹ 290 / 68.0
  • Stock P/E 29.9
  • Book Value ₹ 59.2
  • Dividend Yield 0.00 %
  • ROCE 14.8 %
  • ROE 16.9 %
  • Face Value ₹ 10.0
Edit ratios

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 4.65 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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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% 3.4% 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% 4.6% 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: 26%
5 Years: 79%
3 Years: 100%
1 Year: 275%
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 31% 18% 28% 85% 25% 162% -17% -43% 107% 56% 69% 34%

Ratios

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 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Permanent Employees
count

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Installed Capacity
tonnes per annum
Capacity Utilization
%
Production Volume
MT
Top 5 Supplier Concentration
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Sep 2026
70.14% 72.49% 72.49% 72.56% 72.56% 72.56% 72.85% 72.56% 73.58% 74.17% 74.61% 74.72%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.36% 1.38% 1.38%
29.86% 27.51% 27.51% 27.44% 27.44% 27.44% 27.15% 27.44% 26.41% 25.46% 24.02% 23.90%
No. of Shareholders 13112512913012712912712210910596100

* 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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Documents

Announcements

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