Surani Steel Tubes Ltd
Incorporated in 2012, Surani Steels Tubes Ltd does manufacturing and supplying of Mild Steel Pipes, Mild Steel Hollow Section, Mild Steel Coils, etc.[1]
- Market Cap ₹ 426 Cr.
- Current Price ₹ 420
- High / Low ₹ 735 / 129
- Stock P/E 263
- Book Value ₹ 85.1
- Dividend Yield 0.00 %
- ROCE -1.36 %
- ROE -8.07 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 4.93 times its book value
- Promoter holding has decreased over last quarter: -1.36%
- The company has delivered a poor sales growth of 4.17% over past five years.
- Company has a low return on equity of 5.60% over last 3 years.
- Debtor days have increased from 25.7 to 39.3 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
Half Yearly Results
Figures in Rs. Crores
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 36 | 58 | 68 | 77 | 101 | 93 | 98 | 107 | 137 | 124 | 129 | |
0 | 34 | 56 | 65 | 73 | 97 | 92 | 99 | 99 | 132 | 123 | 126 | |
Operating Profit | -0 | 1 | 2 | 3 | 4 | 4 | 1 | -2 | 7 | 5 | 0 | 3 |
OPM % | 4% | 3% | 5% | 5% | 4% | 1% | -2% | 7% | 3% | 0% | 2% | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 |
Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
Profit before tax | -0 | 0 | 0 | 1 | 2 | 3 | -0 | -5 | 4 | 2 | -2 | 2 |
Tax % | 0% | 100% | 37% | 3% | 43% | 36% | -18% | -6% | 3% | 2% | -20% | |
-0 | 0 | 0 | 1 | 1 | 2 | -0 | -5 | 4 | 2 | -2 | 2 | |
EPS in Rs | -0.16 | 0.00 | 0.64 | 5.72 | 4.00 | 3.03 | -0.17 | -5.99 | 4.70 | 2.23 | -2.16 | 2.06 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 8% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
TTM: | 135% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 51% |
3 Years: | 185% |
1 Year: | 243% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | -1% |
3 Years: | 6% |
Last Year: | -8% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 2 | 2 | 6 | 8 | 8 | 8 | 8 | 8 | 9 |
Reserves | -0 | -0 | 0 | 2 | 2 | 5 | 16 | 11 | 14 | 16 | 14 | 67 |
3 | 11 | 10 | 12 | 13 | 15 | 17 | 20 | 18 | 15 | 11 | 0 | |
0 | 2 | 3 | 7 | 10 | 9 | 4 | 9 | 5 | 12 | 7 | 1 | |
Total Liabilities | 5 | 16 | 16 | 23 | 28 | 36 | 45 | 48 | 45 | 51 | 41 | 77 |
0 | 5 | 5 | 5 | 5 | 4 | 4 | 15 | 13 | 12 | 5 | 8 | |
CWIP | 5 | 0 | 0 | 0 | 2 | 6 | 11 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 | 10 | 11 | 18 | 21 | 25 | 30 | 33 | 32 | 39 | 37 | 68 | |
Total Assets | 5 | 16 | 16 | 23 | 28 | 36 | 45 | 48 | 45 | 51 | 41 | 77 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | 2 | -0 | 2 | -1 | -8 | -0 | 2 | 5 | -2 | ||
0 | -0 | -1 | -2 | -4 | -5 | -1 | -0 | 0 | 7 | ||
0 | -2 | 0 | -0 | 5 | 13 | 1 | -2 | -5 | -5 | ||
Net Cash Flow | 0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 30 | 30 | 38 | 22 | 24 | 22 | 24 | 13 | 39 | |
Inventory Days | 57 | 35 | 63 | 60 | 66 | 82 | 88 | 83 | 77 | 53 | |
Days Payable | 19 | 14 | 32 | 44 | 30 | 14 | 31 | 12 | 17 | 17 | |
Cash Conversion Cycle | 82 | 51 | 61 | 54 | 58 | 93 | 79 | 95 | 72 | 76 | |
Working Capital Days | 77 | 43 | 54 | 47 | 52 | 94 | 85 | 95 | 74 | 86 | |
ROCE % | 12% | 12% | 19% | 18% | 17% | 2% | -7% | 15% | 9% | -1% |
Product Profile:[1]
a) ERW Mild Steel Pipes:
ERW Black Steel Pipes, ERW Steel Pipes, Mild Steel ERW Pipes, Electric Resistance Welded Pipe
b) Mild Steel Tubes:
Mild Steel Square Tubes, MS Rectangular Tubes, Mild Steel Round Tubes
c) Mild Steel Coils:
Hot Rolled MS Coils, Mild Steel Coils, Mild Steel Coil
d) Mild Steel Pipes:
MS Structural Pipes, Mild Steel Seamless Pipe, Mild Steel Square Pipe, Mild Steel Round Pipes
e) ERW Mild Steel Tubes:
Electric Resistance Welded Tubes, ERW Round Steel Tubes, ERW MS Tubes
f) Mild Steel Hollow Section:
Mild Steel Square Hollow Section, Mild Steel Rectangular Hollow Section