Riddhi Steel & Tube Ltd
₹ 132
1.30%
22 Nov
4:00 p.m.
About
Incorporated in 2002, Riddhi Steel & Tube does manufacturing, dealing, trading of Steel and tube pipes[1]
Key Points
- Market Cap ₹ 109 Cr.
- Current Price ₹ 132
- High / Low ₹ 156 / 35.5
- Stock P/E 19.2
- Book Value ₹ 73.1
- Dividend Yield 0.00 %
- ROCE 10.0 %
- ROE 8.75 %
- Face Value ₹ 10.0
Pros
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 -2.73% over past five years.
- Company has a low return on equity of 6.96% over last 3 years.
* 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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Half Yearly 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
179 | 205 | 233 | 230 | 235 | 268 | 376 | 291 | 327 | 302 | 303 | 328 | 329 | |
168 | 192 | 218 | 214 | 219 | 252 | 357 | 273 | 312 | 286 | 285 | 309 | 309 | |
Operating Profit | 11 | 13 | 16 | 16 | 16 | 16 | 19 | 17 | 15 | 17 | 17 | 19 | 19 |
OPM % | 6% | 7% | 7% | 7% | 7% | 6% | 5% | 6% | 5% | 6% | 6% | 6% | 6% |
0 | 0 | 0 | 2 | 2 | 1 | 2 | 1 | 2 | 3 | 2 | 3 | 3 | |
Interest | 6 | 8 | 9 | 11 | 10 | 9 | 12 | 11 | 11 | 12 | 12 | 12 | 11 |
Depreciation | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
Profit before tax | 3 | 4 | 4 | 4 | 4 | 5 | 6 | 4 | 2 | 4 | 5 | 7 | 9 |
Tax % | 34% | 36% | 33% | 34% | 35% | 35% | 14% | 14% | 40% | 36% | 29% | 27% | |
2 | 2 | 3 | 3 | 3 | 3 | 5 | 3 | 1 | 2 | 3 | 5 | 6 | |
EPS in Rs | 4.35 | 3.85 | 4.25 | 4.47 | 3.23 | 3.79 | 6.01 | 3.69 | 1.58 | 2.99 | 4.10 | 5.79 | 6.88 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | -3% |
3 Years: | 0% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -1% |
3 Years: | 54% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 62% |
3 Years: | 82% |
1 Year: | 46% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 9% |
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 | 6 | 6 | 6 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 9 | 11 | 14 | 17 | 26 | 29 | 34 | 37 | 38 | 41 | 44 | 49 | 52 |
47 | 68 | 75 | 81 | 78 | 83 | 104 | 99 | 107 | 126 | 120 | 132 | 122 | |
3 | 10 | 7 | 9 | 12 | 14 | 10 | 9 | 16 | 15 | 11 | 7 | 7 | |
Total Liabilities | 64 | 95 | 102 | 112 | 124 | 134 | 155 | 153 | 169 | 190 | 183 | 197 | 190 |
14 | 20 | 19 | 22 | 23 | 26 | 27 | 29 | 30 | 28 | 26 | 24 | 23 | |
CWIP | 3 | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
48 | 70 | 78 | 87 | 98 | 104 | 125 | 121 | 139 | 163 | 157 | 173 | 167 | |
Total Assets | 64 | 95 | 102 | 112 | 124 | 134 | 155 | 153 | 169 | 190 | 183 | 197 | 190 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | -0 | 6 | 2 | 3 | 12 | 3 | 28 | -3 | -8 | 17 | 9 | |
-7 | -11 | -2 | -4 | -2 | -6 | -2 | -5 | 1 | 1 | 1 | -1 | |
0 | 14 | -5 | -0 | -1 | -7 | -1 | -16 | -3 | 8 | -17 | 1 | |
Net Cash Flow | 0 | 3 | -0 | -2 | 0 | -1 | 1 | 7 | -6 | 1 | 1 | 9 |
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 | 43 | 58 | 52 | 69 | 71 | 74 | 63 | 72 | 54 | 59 | 75 | 61 |
Inventory Days | 41 | 44 | 39 | 53 | 50 | 53 | 47 | 42 | 65 | 84 | 83 | 103 |
Days Payable | 2 | 7 | 1 | 7 | 12 | 15 | 6 | 9 | 16 | 15 | 9 | 3 |
Cash Conversion Cycle | 82 | 95 | 91 | 116 | 110 | 112 | 104 | 105 | 104 | 129 | 150 | 161 |
Working Capital Days | 79 | 92 | 94 | 125 | 133 | 124 | 112 | 131 | 136 | 176 | 174 | 172 |
ROCE % | 17% | 15% | 14% | 15% | 13% | 12% | 13% | 10% | 9% | 9% | 9% | 10% |
Documents
Announcements
- Unaudited Financial Result For The Half Year Ended On 30Th September, 2024. 7 Nov
-
Board Meeting Outcome for Outcome Of The Board Meeting
7 Nov - Approval of unaudited financial results for FY 2024.
-
Board Meeting Intimation for Intimation For The Board Meeting To Be Held
30 Oct - Board meeting scheduled for financial statement review.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 30 Oct
-
Proceeding Of Annual General Meeting.
11 Oct - Details of the 23rd Annual General Meeting.
Product Profile:
a) MS Black Pipes:[1]
ERW Tubes & Pipes are used for gas &
water lines, fire hydrant installation, green
house projects, infrastructure, construction,
power or in engineering applications. Company
also manufactures Square & Rectangular Hollow Sections which are available in a variety of dimensions and thickness
b) Galvanized tubes & pipes:[2]
These are used in sectors like Solar,
Agriculture, Green House, Infrastructure,
Light Poles, Scaffolding, Transmission & Communication Towers, etc.
c) Pre-galvanized tubes & pipes:[3]
Used in Infrastructure, Construction, Solar, Transmission & Communication towers, etc.