Remi Edelstahl Tubulars Ltd

₹ 94.2 3.27%

04 Jul 4:01 p.m.

About

Incorporated in 1970, Remi Edelstahl Tubulars Ltd is engaged in the manufacturing of Stainless Steel Pipes and Tubes.

Key Points

Product Profile:^[1]
a) S.S. Cold Finish Tubes – Welded & Seamless^[2]
b) S.S. Large Diameter Electric Fusion Welded Pipe^[3]
c) S.S. Tig Welded & Seamless Pipes & Tubes^[4]
d) S.S. Welded Condenser And Feed Water Heater Tubes^[5]

Website BSE

Market Cap ₹ 104 Cr.
Current Price ₹ 94.2
High / Low ₹ 115 / 36.2
Stock P/E 74.5
Book Value ₹ 39.6
Dividend Yield 0.00 %
ROCE 4.72 %
ROE 3.24 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -1.23% over past five years.
Company has a low return on equity of 1.72% over last 3 years.
Company might be capitalizing the interest cost
Debtor days have increased from 75.2 to 90.3 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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	34.15	16.81	18.29	26.89	43.60	35.83	35.37	25.05	38.55	21.19	27.26	28.35	40.33
	31.09	15.60	17.41	25.33	41.23	34.38	34.30	24.47	36.49	21.33	25.33	27.13	37.50
Operating Profit	3.06	1.21	0.88	1.56	2.37	1.45	1.07	0.58	2.06	-0.14	1.93	1.22	2.83
OPM %	8.96%	7.20%	4.81%	5.80%	5.44%	4.05%	3.03%	2.32%	5.34%	-0.66%	7.08%	4.30%	7.02%
	0.30	0.19	0.23	0.01	0.17	0.05	0.20	0.29	0.32	0.20	0.06	0.14	0.81
Interest	0.39	0.29	0.10	0.12	0.22	0.38	0.30	0.46	0.92	0.35	0.32	0.40	0.59
Depreciation	0.61	0.95	0.96	0.96	0.95	0.91	0.92	0.92	0.93	0.87	0.87	0.87	0.93
Profit before tax	2.36	0.16	0.05	0.49	1.37	0.21	0.05	-0.51	0.53	-1.16	0.80	0.09	2.12
Tax %	25.85%	25.00%	0.00%	26.53%	92.70%	23.81%	40.00%	23.53%	32.08%	28.45%	27.50%	22.22%	25.94%
	1.76	0.13	0.05	0.37	0.10	0.15	0.03	-0.39	0.36	-0.83	0.58	0.06	1.57
EPS in Rs	1.60	0.12	0.05	0.34	0.09	0.14	0.03	-0.36	0.33	-0.76	0.53	0.05	1.43
Raw PDF

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	Mar 2024
	158	118	168	98	64	59	125	105	82	106	135	117
	148	112	157	99	67	56	117	98	77	99	129	111
Operating Profit	10	6	10	-1	-2	3	8	7	5	6	5	6
OPM %	6%	5%	6%	-1%	-3%	5%	6%	7%	6%	6%	4%	5%
	3	3	2	4	2	2	1	1	1	2	1	1
Interest	7	7	10	7	3	3	4	3	1	2	2	2
Depreciation	3	3	5	5	5	5	5	5	4	4	4	4
Profit before tax	2	-2	-2	-9	-8	-3	0	0	0	2	0	2
Tax %	24%	34%	30%	32%	45%	35%	75%	42%	12%	70%	44%	25%
	2	-1	-2	-6	-4	-2	0	0	0	1	0	1
EPS in Rs	1.96	-1.09	-1.70	-6.10	-3.96	-1.77	0.11	0.14	0.20	0.58	0.14	1.27
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	0%
5 Years:	-1%
3 Years:	13%
TTM:	-13%

Compounded Profit Growth
10 Years:	11%
5 Years:	134%
3 Years:	94%
TTM:	827%

Stock Price CAGR
10 Years:	14%
5 Years:	40%
3 Years:	53%
1 Year:	134%

Return on Equity
10 Years:	-4%
5 Years:	1%
3 Years:	2%
Last Year:	3%

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	Mar 2024
Equity Capital	10	10	10	10	11	11	11	11	11	11	11	11
Reserves	37	36	37	31	32	30	30	30	31	31	31	32
Preference Capital	0	0	0	0	0	9	9	9	9	9	9
	56	65	69	48	34	42	35	20	27	22	15	30
	33	28	29	21	16	21	32	27	20	28	26	11
Total Liabilities	135	138	146	110	93	104	108	88	89	92	83	85
	52	54	52	48	44	41	36	34	31	28	24	22
CWIP	0	1	0	0	0	0	1	0	0	0	0	0
Investments	0	1	1	1	0	0	0	0	0	0	0	0
	84	83	93	62	48	63	71	54	58	64	59	63
Total Assets	135	138	146	110	93	104	108	88	89	92	83	85

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	Mar 2024
	15	-5	-8	17	6	-14	7	19	-5	5	8	-4
	-5	-6	-2	2	1	1	-0	-1	-0	-0	-0	-1
	-10	10	11	-19	-7	18	-6	-17	5	-1	-11	4
Net Cash Flow	-1	-0	0	0	-0	4	0	0	0	4	-3	-1

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	Mar 2024
Debtor Days	61	61	42	62	67	128	63	52	113	73	62	90
Inventory Days	127	218	176	184	222	298	132	134	143	169	110	128
Days Payable	52	46	42	42	43	45	47	31	28	52	34	10
Cash Conversion Cycle	136	232	176	204	247	381	147	156	228	190	138	209
Working Capital Days	119	175	145	160	183	288	129	113	189	151	112	162
ROCE %	8%	4%	6%	-3%	-8%	-1%	4%	4%	2%	5%	4%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	62.43%	66.98%	66.98%	66.98%	71.53%	71.58%	71.58%	71.58%	74.77%	74.70%	74.69%	74.69%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%
	37.48%	32.93%	32.93%	32.93%	28.38%	28.32%	28.33%	28.32%	25.14%	25.21%	25.22%	25.21%
No. of Shareholders	3,425	3,457	3,423	3,468	3,469	3,492	3,514	3,504	3,583	3,638	3,691	3,806

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	53.27%	53.27%	53.27%	57.87%	62.43%	66.98%	71.58%	74.69%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%
	46.64%	46.64%	46.64%	42.04%	37.48%	32.93%	28.32%	25.21%
No. of Shareholders	3,609	3,484	3,487	3,502	3,423	3,468	3,504	3,806

* 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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Remi Edelstahl Tubulars Ltd

Remi Edelstahl Tubulars Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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