Rhetan TMT Ltd

Rhetan TMT Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rhetan TMT Ltd

₹ 9.37 -4.49%
24 Apr 10:51 a.m.
rhetan.com BSE: 543590
About

Incorporated in 1984, Rhetan TMT Limited manufactures TMT Bars and Round Bars which are primarily used in the construction industry and its products have been used in the construction of dams, bridges, residential and commercial towers, and major infrastructure projects in Gujarat.[1]

Key Points

Group Companies[1]
Rhetan TMT Ltd. (RTL) is a part of a Gujarat based diversified business group promoted by Mr. Shalin Ashok Shah and his family. The group has business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipment, and Chemical Products.
In FY22, it had 42 employees. Apart from this, company also engages contract laborer to facilitate its manufacturing operations. The group company Lesha Industries Ltd. and Ashoka Metcast Ltd. are already listed on BSE.[1]

Website BSE
  • Market Cap ₹ 747 Cr.
  • Current Price ₹ 9.37
  • High / Low ₹ 13.2 / 7.30
  • Stock P/E 137
  • Book Value ₹ 1.09
  • Dividend Yield 0.00 %
  • ROCE 11.0 %
  • ROE 9.95 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 9.02 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.5% over last 3 years.
  • Working capital days have increased from 251 days to 384 days

* 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

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
31.66 35.37 33.24 52.78 34.76
29.93 32.50 31.75 46.08 32.19
Operating Profit 1.73 2.87 1.49 6.70 2.57
OPM % 5.46% 8.11% 4.48% 12.69% 7.39%
0.00 0.01 0.92 0.00 0.00
Interest 0.62 0.65 0.65 0.65 0.72
Depreciation 0.22 0.24 0.23 0.43 0.22
Profit before tax 0.89 1.99 1.53 5.62 1.63
Tax % 0.00% 21.11% 7.19% 28.83% 11.04%
0.89 1.57 1.41 4.00 1.45
EPS in Rs 0.21 0.03 0.02 0.05 0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.00 0.00 0.00 0.00 20.01 52.09 67.03 86.02 87.54
0.01 2.41 0.09 0.02 0.01 19.43 50.50 62.43 77.83 78.27
Operating Profit -0.01 -2.41 -0.09 -0.02 -0.01 0.58 1.59 4.60 8.19 9.27
OPM % 2.90% 3.05% 6.86% 9.52% 10.59%
0.00 0.00 0.00 0.01 0.01 0.07 0.04 0.01 0.92 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.30 0.98 1.27 1.30 1.37
Depreciation 0.00 0.00 0.00 0.00 0.00 0.24 0.47 0.47 0.66 0.65
Profit before tax -0.01 -2.41 -0.09 -0.01 0.00 0.11 0.18 2.87 7.15 7.25
Tax % 0.00% 0.00% 0.00% 0.00% 627.27% 27.78% 18.47% 24.20%
-0.01 -2.41 -0.09 -0.01 0.00 -0.58 0.13 2.34 5.42 5.45
EPS in Rs -0.39 0.03 0.05 0.07 0.07
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 63%
TTM: 28%
Compounded Profit Growth
10 Years: 51%
5 Years: %
3 Years: 125%
TTM: 83%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -13%
Return on Equity
10 Years: %
5 Years: %
3 Years: 10%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.12 0.12 0.12 0.12 0.12 4.00 11.40 13.25 79.69 79.69
Reserves 3.04 0.62 0.53 0.53 -0.39 -3.12 -2.98 10.50 5.48 6.93
4.17 10.54 10.58 9.10 7.19 23.94 25.43 26.49 17.84 15.17
0.18 0.18 0.19 0.32 0.18 5.65 5.96 8.76 9.49 15.11
Total Liabilities 7.51 11.46 11.42 10.07 7.10 30.47 39.81 59.00 112.50 116.90
3.89 3.89 3.89 3.88 3.88 8.95 8.64 8.29 8.58 10.71
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.02 1.04 1.04 1.04 1.04 1.04 1.04 1.04 0.83 0.83
3.60 6.53 6.49 5.15 2.18 20.48 30.13 49.67 103.09 105.36
Total Assets 7.51 11.46 11.42 10.07 7.10 30.47 39.81 59.00 112.50 116.90

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-11.92 -7.02 -14.44 -44.26
-1.60 -0.17 -0.10 -0.73
13.57 7.23 14.47 45.15
Net Cash Flow 0.05 0.04 -0.07 0.16

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 133.52 98.31 119.80 114.99
Inventory Days 197.42 97.55 152.37 160.94
Days Payable 109.08 37.65 30.79 27.82
Cash Conversion Cycle 221.86 158.20 241.38 248.10
Working Capital Days 235.31 151.63 216.34 384.09
ROCE % -25.90% -0.80% -0.10% 0.00% 3.95% 9.85% 11.03%

Shareholding Pattern

Numbers in percentages

Sep 2022Mar 2023Sep 2023Mar 2024
62.11% 62.11% 62.11% 62.11%
0.00% 0.55% 0.54% 0.37%
37.89% 37.33% 37.34% 37.51%
No. of Shareholders 4112955571,102

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports