Tamilnadu Steel Tubes Ltd

₹ 14.0 -4.75%

16 Apr - close price

About

Incorporated in 1979, Tamil Nadu Steel Tubes Ltd is in manufacturing and selling of Black Pipe (ERW Pipe) & G.I. Pipe.

Key Points

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

Website BSE

Market Cap ₹ 7.20 Cr.
Current Price ₹ 14.0
High / Low ₹ 22.8 / 11.3
Stock P/E 20.0
Book Value ₹ 18.8
Dividend Yield 0.00 %
ROCE 3.13 %
ROE 0.96 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Stock is trading at 0.75 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 4.14% over last 3 years.
Earnings include an other income of Rs.0.51 Cr.
Company's cost of borrowing seems high

* 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

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	20.41	20.41	25.42	22.78	20.84	23.03	18.96	19.13	14.49	18.92	20.95	16.45	16.11
	20.27	20.27	25.23	23.02	20.77	22.46	18.79	18.88	14.25	19.07	20.63	16.26	15.88
Operating Profit	0.14	0.14	0.19	-0.24	0.07	0.57	0.17	0.25	0.24	-0.15	0.32	0.19	0.23
OPM %	0.69%	0.69%	0.75%	-1.05%	0.34%	2.48%	0.90%	1.31%	1.66%	-0.79%	1.53%	1.16%	1.43%
	0.01	0.01	0.01	0.04	0.48	0.10	0.10	0.02	0.00	0.39	0.02	0.06	0.04
Interest	0.03	0.03	0.10	0.13	0.15	0.13	0.14	0.16	0.16	0.13	0.17	0.12	0.18
Depreciation	0.06	0.06	0.08	0.09	0.10	0.06	0.08	0.08	0.08	0.09	0.07	0.07	0.07
Profit before tax	0.06	0.06	0.02	-0.42	0.30	0.48	0.05	0.03	0.00	0.02	0.10	0.06	0.02
Tax %	16.67%	16.67%	0.00%	-30.95%	0.00%	-12.50%	20.00%	-33.33%		-950.00%	0.00%	50.00%	0.00%
	0.05	0.05	0.02	-0.29	0.30	0.54	0.04	0.03	0.00	0.21	0.10	0.03	0.02
EPS in Rs	0.10	0.10	0.04	-0.57	0.59	1.05	0.08	0.06	0.00	0.41	0.20	0.06	0.04
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	TTM
	103.55	106.54	93.86	78.39	80.52	90.63	81.37	50.86	51.98	77.35	92.06	71.50	72.43
	98.86	103.32	89.85	74.51	77.97	88.76	80.45	53.22	51.87	76.17	91.47	70.97	71.84
Operating Profit	4.69	3.22	4.01	3.88	2.55	1.87	0.92	-2.36	0.11	1.18	0.59	0.53	0.59
OPM %	4.53%	3.02%	4.27%	4.95%	3.17%	2.06%	1.13%	-4.64%	0.21%	1.53%	0.64%	0.74%	0.81%
	0.01	2.58	3.21	0.69	0.14	0.03	0.11	0.26	0.36	0.07	0.64	0.49	0.51
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	0.60
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	0.30
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	0.20
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	0.36
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	0.71
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:	-4%

Compounded Profit Growth
10 Years:	-24%
5 Years:	0%
3 Years:	29%
TTM:	-41%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	8%
1 Year:	18%

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

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	Sep 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	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	4.49
	5.17	4.76	9.75	8.75	8.75	2.21	4.51	0.29	9.52	13.34	6.28	6.28	3.23
	24.88	26.30	12.12	8.65	11.85	20.27	14.75	16.97	6.83	7.23	17.06	16.08	17.06
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	29.90
	2.77	2.83	2.29	2.09	2.47	2.52	2.29	1.91	1.72	2.35	2.42	2.33	2.37
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	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	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	27.53
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	29.90

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	-0.84	-0.29	0.01
	-0.59	-1.86	3.98	1.41	-0.57	-7.01	1.66	-4.08	9.34	3.71	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	87.67
Days Payable	30.46	45.31	21.28	5.10	23.51	21.98	0.86	2.82	8.70	6.41	9.44	5.77
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	148.21
Working Capital Days	0.04	7.16	50.44	79.02	84.36	77.93	90.52	128.75	122.53	105.42	104.43	134.67
ROCE %	164.43%	52.33%	31.84%	24.72%	12.81%	9.77%	4.84%	-19.43%	1.12%	4.98%	4.47%	3.13%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%
	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%
	85.01%	85.01%	85.01%	85.01%	85.01%	85.02%	85.02%	85.01%	85.02%	85.01%	85.01%	85.01%
No. of Shareholders	13,908	13,892	13,874	13,865	13,848	13,812	13,794	13,761	13,738	13,702	13,669	13,644

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	17.45%	17.35%	14.90%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%
	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%
	81.18%	81.27%	83.72%	85.01%	85.01%	85.01%	85.01%	85.01%	85.01%
No. of Shareholders	14,175	14,094	14,027	14,028	13,992	13,935	13,865	13,761	13,644

* 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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Tamilnadu Steel Tubes Ltd

Tamilnadu Steel Tubes Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports