Tamilnadu Steel Tubes Ltd
Incorporated in 1979, Tamil Nadu Steel Tubes Ltd is in manufacturing and selling of Black Pipe (ERW Pipe) & G.I. Pipe.
- Market Cap ₹ 6.10 Cr.
- Current Price ₹ 11.9
- High / Low ₹ 25.4 / 10.6
- Stock P/E 21.8
- Book Value ₹ 18.5
- Dividend Yield 0.00 %
- ROCE 4.35 %
- ROE 2.99 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.64 times its book value
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 -2.55% over past five years.
- Promoter holding is low: 13.6%
- Company has a low return on equity of 4.85% over last 3 years.
- Earnings include an other income of Rs.0.50 Cr.
* 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
Quarterly 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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
103.55 | 106.54 | 93.86 | 78.39 | 80.52 | 90.63 | 81.37 | 50.86 | 51.98 | 77.35 | 92.06 | 71.50 | |
98.86 | 103.32 | 89.85 | 74.51 | 77.97 | 88.76 | 80.45 | 53.22 | 51.87 | 76.17 | 91.47 | 70.98 | |
Operating Profit | 4.69 | 3.22 | 4.01 | 3.88 | 2.55 | 1.87 | 0.92 | -2.36 | 0.11 | 1.18 | 0.59 | 0.52 |
OPM % | 4.53% | 3.02% | 4.27% | 4.95% | 3.17% | 2.06% | 1.13% | -4.64% | 0.21% | 1.53% | 0.64% | 0.73% |
0.01 | 2.58 | 3.21 | 0.69 | 0.14 | 0.03 | 0.11 | 0.26 | 0.36 | 0.07 | 0.64 | 0.50 | |
Interest | 1.17 | 1.46 | 1.03 | 0.86 | 0.58 | 0.49 | 0.68 | 0.05 | 0.04 | 0.11 | 0.52 | 0.59 |
Depreciation | 0.20 | 0.27 | 0.30 | 0.26 | 0.30 | 0.34 | 0.33 | 0.33 | 0.32 | 0.25 | 0.33 | 0.34 |
Profit before tax | 3.33 | 4.07 | 5.89 | 3.45 | 1.81 | 1.07 | 0.02 | -2.48 | 0.11 | 0.89 | 0.38 | 0.09 |
Tax % | 35.14% | 12.29% | 18.34% | 26.67% | 34.81% | 34.58% | -400.00% | 0.81% | 718.18% | 41.57% | -50.00% | -222.22% |
2.16 | 3.56 | 4.80 | 2.53 | 1.18 | 0.70 | 0.09 | -2.46 | -0.68 | 0.52 | 0.57 | 0.28 | |
EPS in Rs | 4.21 | 6.95 | 9.37 | 4.94 | 2.30 | 1.37 | 0.18 | -4.80 | -1.33 | 1.01 | 1.11 | 0.55 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | -3% |
3 Years: | 11% |
TTM: | -22% |
Compounded Profit Growth | |
---|---|
10 Years: | -14% |
5 Years: | 25% |
3 Years: | 34% |
TTM: | -45% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -15% |
3 Years: | -11% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | -4% |
3 Years: | 5% |
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 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 |
Reserves | -6.17 | -2.61 | 1.92 | 4.45 | 5.43 | 6.13 | 6.22 | 3.75 | 3.07 | 3.59 | 4.13 | 4.36 |
5.17 | 4.76 | 9.75 | 8.75 | 8.75 | 2.21 | 4.51 | 0.29 | 9.52 | 3.90 | 6.28 | 6.28 | |
24.88 | 26.30 | 12.12 | 8.65 | 11.85 | 20.27 | 14.75 | 16.97 | 6.83 | 16.67 | 17.06 | 16.08 | |
Total Liabilities | 29.00 | 33.57 | 28.91 | 26.97 | 31.15 | 33.73 | 30.60 | 26.13 | 24.54 | 29.28 | 32.59 | 31.84 |
2.77 | 2.83 | 2.29 | 2.09 | 2.47 | 2.52 | 2.29 | 1.91 | 1.72 | 2.35 | 2.42 | 2.33 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
26.23 | 30.74 | 26.62 | 24.88 | 28.68 | 31.21 | 28.31 | 24.22 | 22.82 | 26.93 | 30.17 | 29.51 | |
Total Assets | 29.00 | 33.57 | 28.91 | 26.97 | 31.15 | 33.73 | 30.60 | 26.13 | 24.54 | 29.28 | 32.59 | 31.84 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.80 | 2.88 | -4.53 | -1.78 | 0.72 | 0.67 | 0.41 | -0.31 | 0.58 | -4.01 | -1.61 | 0.81 | |
-1.29 | -0.33 | 0.08 | 0.03 | -0.66 | 7.59 | -0.03 | 2.61 | -10.53 | -0.83 | -0.29 | 0.01 | |
-0.59 | -1.86 | 3.98 | 1.41 | -0.57 | -7.01 | 1.66 | -4.08 | 9.34 | 3.70 | 1.86 | -0.58 | |
Net Cash Flow | 0.92 | 0.69 | -0.46 | -0.33 | -0.51 | 1.25 | 2.05 | -1.78 | -0.61 | -1.14 | -0.03 | 0.23 |
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 | 53.26 | 59.82 | 54.87 | 64.72 | 78.97 | 73.42 | 61.86 | 90.14 | 84.12 | 63.66 | 53.72 | 66.31 |
Inventory Days | 37.68 | 39.96 | 44.91 | 48.81 | 50.49 | 48.09 | 50.52 | 73.05 | 74.65 | 68.58 | 70.73 | 82.20 |
Days Payable | 30.46 | 45.31 | 21.28 | 5.10 | 23.51 | 21.98 | 0.86 | 2.82 | 8.70 | 6.41 | 9.44 | 5.41 |
Cash Conversion Cycle | 60.49 | 54.47 | 78.50 | 108.42 | 105.95 | 99.53 | 111.52 | 160.37 | 150.08 | 125.83 | 115.01 | 143.10 |
Working Capital Days | 0.04 | 7.16 | 50.44 | 79.02 | 84.36 | 77.93 | 90.52 | 128.75 | 122.53 | 105.47 | 104.43 | 134.67 |
ROCE % | 164.43% | 52.33% | 31.84% | 24.72% | 12.81% | 9.77% | 4.84% | -19.43% | 1.12% | 6.53% | 5.97% |
Documents
Announcements
- Closure of Trading Window 28 Jun
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Announcement under Regulation 30 (LODR)-Change in Directorate
11 Jun - Mrs Priya Krishna (DIN - 10640808) has been appointed as an Independent Director to the company w.e.f. 30.05.2024 as per the resolution passed at the …
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Announcement under Regulation 30 (LODR)-Change in Directorate
8 Jun - Mrs Priya Krishna (DIN 10640808) has been appointed as an Independent Director of the company w.e.f. 30.05.2024. Board Resolution, Appointment letter and consent letter are …
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Announcement under Regulation 30 (LODR)-Change in Directorate
7 Jun - Mrs Renuka Ramesh, Independent Director - whose three years tenure is over .
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Company has published the statement of Audited Fin. Results for the QE & FYE 31.03.2024 in news papers - Trinity Mirror (English) and in Makkal …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product Profile:[1]
Company manufactures various sizes of pipes supplied in bulk for large areas.
a) MS Pipes
b) GI Pipes
c) Square Pipes
d) Rectangle Pipes
e) Steel Pipe
f) Steel Tube
g) PI Steel Pipe
h) Stainless Steel Pipe
i) Stainless Steel Tube