Rathi Steel & Power Ltd

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

Rathi Steel & Power Ltd

₹ 44.0 3.99%
22 Nov - close price
rathisteelandpower.com BSE: 504903
About

Incorporated in 1971, Rathi Steel And Power Ltd is in the business of Steel and Steel related products[1]

Key Points

Business Overview:[1]
Company is a part of the P.C. Rathi Group of Delhi. It manufactures Rebars and Wire Rods which are broadly

Website BSE
  • Market Cap ₹ 374 Cr.
  • Current Price ₹ 44.0
  • High / Low ₹ 97.8 / 20.4
  • Stock P/E 61.6
  • Book Value ₹ 15.6
  • Dividend Yield 0.00 %
  • ROCE 17.1 %
  • ROE 14.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

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 7.07% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.25.3 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -11.2%

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
170.99 177.71 99.12 191.77 195.19 172.82 166.76 146.56 126.70 101.22 118.35 127.73 121.43
177.11 172.23 85.06 184.47 188.99 164.38 157.04 141.42 121.09 95.13 114.39 121.76 116.29
Operating Profit -6.12 5.48 14.06 7.30 6.20 8.44 9.72 5.14 5.61 6.09 3.96 5.97 5.14
OPM % -3.58% 3.08% 14.18% 3.81% 3.18% 4.88% 5.83% 3.51% 4.43% 6.02% 3.35% 4.67% 4.23%
12.79 0.24 -41.01 0.16 0.54 0.20 75.34 2.39 0.84 0.06 20.00 0.09 5.13
Interest 2.05 2.06 6.96 3.13 2.81 3.56 2.60 3.60 3.46 3.20 1.48 1.08 1.00
Depreciation 4.34 2.77 2.03 2.05 2.08 2.08 2.12 2.14 2.16 2.17 2.28 2.30 2.33
Profit before tax 0.28 0.89 -35.94 2.28 1.85 3.00 80.34 1.79 0.83 0.78 20.20 2.68 6.94
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.31% 0.00% 0.00% 0.00% 0.35% 0.00% 0.00%
0.28 0.89 -35.94 2.28 1.85 3.01 80.09 1.79 0.82 0.79 20.13 2.69 6.94
EPS in Rs 0.09 0.28 -11.48 0.73 0.59 0.96 25.58 0.57 0.26 0.25 2.37 0.32 0.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
808 466 669 597 382 350 350 38 427 543 727 493 469
889 511 665 648 409 360 399 115 414 515 695 472 448
Operating Profit -80 -46 4 -50 -27 -10 -48 -77 13 28 32 21 21
OPM % -10% -10% 1% -8% -7% -3% -14% -206% 3% 5% 4% 4% 5%
3 2 -4 1 4 -73 -27 62 201 -38 76 23 25
Interest 56 49 50 18 17 14 0 2 7 13 12 12 7
Depreciation 22 9 32 24 23 19 8 8 16 13 8 9 9
Profit before tax -156 -102 -82 -91 -63 -116 -83 -26 190 -36 87 24 31
Tax % -29% -27% 0% 0% 0% 2% 0% 0% 0% 0% 0% 0%
-110 -74 -82 -91 -63 -118 -83 -26 190 -36 87 24 31
EPS in Rs -35.15 -23.74 -26.32 -29.09 -20.22 -37.75 -26.61 -8.19 60.73 -11.66 27.86 2.77 3.76
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 7%
3 Years: 5%
TTM: -24%
Compounded Profit Growth
10 Years: 7%
5 Years: 16%
3 Years: 122%
TTM: -43%
Stock Price CAGR
10 Years: 24%
5 Years: %
3 Years: %
1 Year: 68%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 31 31 31 31 31 31 31 31 31 31 31 85 95
Reserves 49 -26 -89 -180 -243 -362 -445 -471 -220 -256 -100 28 37
368 524 593 659 672 687 687 687 436 324 122 10 37
134 80 89 48 74 69 77 95 96 98 152 96 89
Total Liabilities 582 609 625 558 533 426 350 342 343 196 205 220 259
324 319 290 270 250 232 227 222 208 67 66 70 67
CWIP 9 7 0 0 0 0 0 0 0 0 0 0 10
Investments 1 0 0 0 0 0 0 0 0 0 0 0 0
248 282 334 287 283 193 123 121 135 129 139 149 182
Total Assets 582 609 625 558 533 426 350 342 343 196 205 220 259

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
41 -117 -18 0 5 0 0 3 196 -12 105 24
-5 -1 5 0 -3 0 0 -2 1 128 -6 -10
-40 114 15 0 -2 0 0 0 -198 -118 -100 -9
Net Cash Flow -5 -3 2 0 0 0 0 1 -0 -1 -0 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 55 90 78 64 100 33 17 121 16 5 4 12
Inventory Days 20 40 54 55 86 16 15 45 11 20 22 29
Days Payable 37 8 27 3 18 32 32 192 30 29 36 62
Cash Conversion Cycle 38 121 105 116 168 17 -0 -26 -3 -4 -10 -22
Working Capital Days 17 118 74 102 131 -8 -32 -486 -33 -21 -31 -6
ROCE % -20% -11% -5% -14% -10% -5% -12% -9% 3% 10% 32% 17%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 51.47% 40.32% 40.32% 40.32%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.95% 8.95%
8.61% 8.61% 8.61% 8.60% 8.60% 8.60% 8.60% 8.24% 8.24% 2.53% 2.89% 2.89%
39.93% 39.93% 39.93% 39.93% 39.93% 39.93% 39.93% 40.29% 40.30% 57.15% 47.84% 47.85%
No. of Shareholders 13,11513,11113,11213,10513,09913,08413,07812,93012,98013,89115,35622,248

* 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.

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