Rhetan TMT Ltd
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]
- Market Cap ₹ 1,089 Cr.
- Current Price ₹ 13.7
- High / Low ₹ 14.0 / 7.30
- Stock P/E 281
- Book Value ₹ 1.12
- Dividend Yield 0.00 %
- ROCE 6.58 %
- ROE 4.54 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 12.2 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 7.47% over last 3 years.
- Company has high debtors of 153 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.01 | 52.09 | 67.03 | 86.02 | 64.77 | |
0.01 | 2.41 | 0.09 | 0.02 | 0.01 | 19.43 | 50.50 | 62.43 | 77.83 | 57.72 | |
Operating Profit | -0.01 | -2.41 | -0.09 | -0.02 | -0.01 | 0.58 | 1.59 | 4.60 | 8.19 | 7.05 |
OPM % | 2.90% | 3.05% | 6.86% | 9.52% | 10.88% | |||||
0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.07 | 0.04 | 0.01 | 0.92 | 0.45 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.98 | 1.27 | 1.30 | 1.53 |
Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 | 0.47 | 0.47 | 0.66 | 0.72 |
Profit before tax | -0.01 | -2.41 | -0.09 | -0.01 | 0.00 | 0.11 | 0.18 | 2.87 | 7.15 | 5.25 |
Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 627.27% | 27.78% | 18.47% | 24.20% | 26.29% | |
-0.01 | -2.41 | -0.09 | -0.01 | 0.00 | -0.58 | 0.13 | 2.34 | 5.42 | 3.87 | |
EPS in Rs | -0.39 | 0.03 | 0.05 | 0.07 | 0.05 | |||||
Dividend Payout % | 0.00% | 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: | 8% |
TTM: | -25% |
Compounded Profit Growth | |
---|---|
10 Years: | 82% |
5 Years: | % |
3 Years: | 210% |
TTM: | -29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 7% |
Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
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 | 9.35 |
4.17 | 10.54 | 10.58 | 9.10 | 7.19 | 23.94 | 25.43 | 26.49 | 17.84 | 15.79 | |
0.18 | 0.18 | 0.19 | 0.32 | 0.18 | 5.65 | 5.96 | 8.76 | 9.49 | 9.29 | |
Total Liabilities | 7.51 | 11.46 | 11.42 | 10.07 | 7.10 | 30.47 | 39.81 | 59.00 | 112.50 | 114.12 |
3.89 | 3.89 | 3.89 | 3.88 | 3.88 | 8.95 | 8.64 | 8.29 | 8.58 | 16.88 | |
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 | 96.41 | |
Total Assets | 7.51 | 11.46 | 11.42 | 10.07 | 7.10 | 30.47 | 39.81 | 59.00 | 112.50 | 114.12 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
-11.92 | -7.02 | -14.44 | -44.26 | 13.90 | ||||||
-1.60 | -0.17 | -0.10 | -0.73 | -8.80 | ||||||
13.57 | 7.23 | 14.47 | 45.15 | -4.12 | ||||||
Net Cash Flow | 0.05 | 0.04 | -0.07 | 0.16 | 0.98 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
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% |
Documents
Announcements
-
Non Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015
28 May - Non Applicability of Regulation 23(9) of SEBI (LODR) Regulations,2015 for the half year ended on 31st March,2024
-
Appointment of Company Secretary and Compliance Officer
28 May - Appointment of MS. Riddhi Dineshbhai Shah as Company Secretary and Compliance Officer of the Company w.e.f 28th May,2024
- Results-Financial Results For The 31St March,2024 28 May
- Board Meeting Outcome for Board Meeting Held On Tuesday, 28Th May,2024 28 May
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
25 May - Resignation of Payal Punit Pandya from the post of Company Secretary and Compliance officer w.e.f. 25.05.2024
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]