Surani Steel Tubes Ltd
₹ 160
5.00%
22 Nov
- close price
About
Incorporated in 2012, Surani Steels Tubes Ltd does manufacturing and supplying of Mild Steel Pipes, Mild Steel Hollow Section, Mild Steel Coils, etc.[1]
Key Points
- Market Cap ₹ 199 Cr.
- Current Price ₹ 160
- High / Low ₹ 735 / 140
- Stock P/E 67.1
- Book Value ₹ 64.8
- Dividend Yield 0.00 %
- ROCE 1.08 %
- ROE 1.29 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Promoter holding has decreased over last quarter: -0.62%
- The company has delivered a poor sales growth of 10.8% over past five years.
- Promoter holding is low: 38.4%
- Company has a low return on equity of 0.49% over last 3 years.
- Earnings include an other income of Rs.1.28 Cr.
- Working capital days have increased from 121 days to 202 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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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 9m | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 36 | 58 | 68 | 77 | 101 | 93 | 98 | 107 | 137 | 124 | 155 | 201 | |
| 0 | 34 | 56 | 65 | 73 | 97 | 92 | 99 | 99 | 132 | 123 | 155 | 199 | |
| Operating Profit | -0 | 1 | 2 | 3 | 4 | 4 | 1 | -2 | 7 | 5 | 0 | 0 | 2 |
| OPM % | 4% | 3% | 5% | 5% | 4% | 1% | -2% | 7% | 3% | 0% | 0% | 1% | |
| -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | -0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 0 | 0 |
| Depreciation | -0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 |
| Profit before tax | -0 | 0 | 0 | 1 | 2 | 3 | -0 | -5 | 4 | 2 | -2 | 1 | 3 |
| Tax % | -0% | 100% | 37% | 3% | 43% | 36% | 18% | 6% | 3% | 2% | 20% | 18% | |
| -0 | -0 | 0 | 1 | 1 | 2 | -0 | -5 | 4 | 2 | -2 | 0 | 3 | |
| EPS in Rs | -0.16 | -0.00 | 0.64 | 5.72 | 4.00 | 3.03 | -0.17 | -5.99 | 4.70 | 2.23 | -2.16 | 0.47 | 2.62 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 11% |
| 3 Years: | 13% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | -50% |
| TTM: | 83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 79% |
| 1 Year: | -47% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -1% |
| 3 Years: | 0% |
| 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 | 2 | 2 | 2 | 2 | 2 | 6 | 8 | 8 | 8 | 8 | 8 | 11 | 12 |
| Reserves | -0 | -0 | 0 | 2 | 2 | 5 | 16 | 11 | 14 | 16 | 14 | 44 | 68 |
| 3 | 11 | 10 | 12 | 13 | 15 | 17 | 20 | 18 | 15 | 11 | 42 | -0 | |
| 0 | 2 | 3 | 7 | 10 | 9 | 4 | 9 | 5 | 12 | 7 | 37 | 33 | |
| Total Liabilities | 5 | 16 | 16 | 23 | 28 | 36 | 45 | 48 | 45 | 51 | 41 | 134 | 113 |
| -0 | 5 | 5 | 5 | 5 | 4 | 4 | 15 | 13 | 12 | 5 | 10 | 11 | |
| CWIP | 5 | -0 | 0 | -0 | 2 | 6 | 11 | -0 | -0 | -0 | -0 | 0 | 1 |
| Investments | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 20 |
| 1 | 10 | 11 | 18 | 21 | 25 | 30 | 33 | 32 | 39 | 37 | 124 | 82 | |
| Total Assets | 5 | 16 | 16 | 23 | 28 | 36 | 45 | 48 | 45 | 51 | 41 | 134 | 113 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 2 | -0 | 2 | -1 | -8 | -0 | 2 | 5 | -2 | -57 | ||
| -0 | -0 | -1 | -2 | -4 | -5 | -1 | -0 | 0 | 7 | -5 | ||
| -0 | -2 | 0 | -0 | 5 | 13 | 1 | -2 | -5 | -5 | 96 | ||
| Net Cash Flow | -0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 34 |
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 | 30 | 30 | 38 | 22 | 24 | 22 | 24 | 13 | 39 | 3 | |
| Inventory Days | 57 | 35 | 63 | 60 | 66 | 82 | 88 | 83 | 77 | 53 | 154 | |
| Days Payable | 19 | 14 | 32 | 44 | 30 | 14 | 31 | 12 | 17 | 17 | 6 | |
| Cash Conversion Cycle | 82 | 51 | 61 | 54 | 58 | 93 | 79 | 95 | 72 | 76 | 151 | |
| Working Capital Days | 77 | 43 | 54 | 47 | 52 | 94 | 85 | 95 | 74 | 86 | 202 | |
| ROCE % | 12% | 12% | 19% | 18% | 17% | 2% | -7% | 15% | 9% | -1% | 1% |
Documents
Announcements
-
General Updates
22 November 2024 - Surani Steel Tubes Limited has intimated the Exchange about the incorporation of wholly owned overseas subsidiary in United Kingdom.
-
Monitoring Agency Report
13 November 2024 - Surani Steel Tubes Limited has submitted to the exchange the Monitoring Agency Report for the quarter ended on September 30, 2024.
-
Statement of deviation(s) or variation(s) under Reg. 32
12 November 2024 - Surani Steel Tubes Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
-
Financial Result Updates
12 November 2024 - Surani Steel Tubes Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
-
Outcome of Board Meeting
12 November 2024 - Surani Steel Tubes Limited has informed regarding Board meeting held on November 12, 2024.
Annual reports
Concalls
-
Nov 2023TranscriptNotesPPT
Product Profile:[1]
a) ERW Mild Steel Pipes:
ERW Black Steel Pipes, ERW Steel Pipes, Mild Steel ERW Pipes, Electric Resistance Welded Pipe
b) Mild Steel Tubes:
Mild Steel Square Tubes, MS Rectangular Tubes, Mild Steel Round Tubes
c) Mild Steel Coils:
Hot Rolled MS Coils, Mild Steel Coils, Mild Steel Coil
d) Mild Steel Pipes:
MS Structural Pipes, Mild Steel Seamless Pipe, Mild Steel Square Pipe, Mild Steel Round Pipes
e) ERW Mild Steel Tubes:
Electric Resistance Welded Tubes, ERW Round Steel Tubes, ERW MS Tubes
f) Mild Steel Hollow Section:
Mild Steel Square Hollow Section, Mild Steel Rectangular Hollow Section