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Riddhi Steel & Tube Overview

Riddhi Steel & Tube Ltd. is an esteemed manufacturer in the Indian steel industry, known for its specialization in the production and export of ERW Pipes, Galvanized and Pre-galvanized pipes. Company was established in 2002 and is headquartered in Ahmedabad. Riddhi Steel & Tube Ltd. serves a diverse clientele providing products that cater to housing, agriculture, chemical, manufacturing, construction, and government sectors. Promoters of Riddhi Steel & Tube Ltd. include Mr. Rajesh Mittal who serves as the Chairman & Managing Director and Mr. Ra...Read More

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Riddhi Steel & Tube Key Financials

Market Cap ₹261 Cr.

Stock P/E 34.4

P/B 3.9

Current Price ₹210

Book Value ₹ 53.3

Face Value 10

52W High ₹276.1

Dividend Yield 0%

52W Low ₹ 50

Riddhi Steel & Tube Share Price

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Volume
Price

Riddhi Steel & Tube Quarterly Price

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Riddhi Steel & Tube Peer Comparison

Riddhi Steel & Tube Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Riddhi Steel & Tube Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 234 234 240 268 377 292 327 303 303 328 391
Other Income 1 2 2 1 2 1 2 3 2 3 3
Total Income 235 236 241 268 378 293 329 306 305 330 394
Total Expenditure 219 218 223 252 357 274 312 286 285 309 369
Operating Profit 16 18 18 17 21 19 17 20 20 21 25
Interest 9 11 10 9 12 11 11 12 12 12 12
Depreciation 3 3 3 3 4 4 4 4 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 4 4 5 6 4 2 4 5 7 10
Provision for Tax 1 1 1 2 1 0 1 1 1 2 3
Profit After Tax 3 3 3 3 5 3 1 2 3 5 8
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 3 3 5 3 1 2 3 5 8
Adjusted Earnings Per Share 2.8 3 2.2 2.5 4 2.5 1 2 2.7 3.9 6.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% 9% 6% 5%
Operating Profit CAGR 19% 8% 6% 5%
PAT CAGR 60% 59% 22% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 257% 89% 80% NA%
ROE Average 13% 9% 7% 9%
ROCE Average 12% 10% 10% 12%

Riddhi Steel & Tube Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 20 23 34 37 42 45 47 49 52 57 62
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 35 39 40 42 53 47 69 54 44 40 45
Other Non-Current Liabilities 1 1 1 1 0 0 0 0 1 1 1
Total Current Liabilities 46 50 49 54 60 61 53 87 86 98 93
Total Liabilities 102 112 124 134 155 153 169 190 183 197 201
Fixed Assets 19 22 23 26 27 29 30 28 26 24 22
Other Non-Current Assets 14 4 3 3 3 3 0 0 0 0 0
Total Current Assets 69 87 98 104 125 121 139 163 157 173 179
Total Assets 102 112 124 134 155 153 169 190 183 197 201

Riddhi Steel & Tube Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 3 0 1 0 1 8 2 2 3 12
Cash Flow from Operating Activities 6 2 3 12 3 28 -3 -8 17 9 13
Cash Flow from Investing Activities -2 -4 -2 -6 -2 -5 1 1 1 -1 -0
Cash Flow from Financing Activities -5 -0 -1 -7 -1 -16 -3 8 -17 1 -16
Net Cash Inflow / Outflow -0 -2 0 -1 1 7 -6 1 1 9 -4
Closing Cash & Cash Equivalent 3 0 1 0 1 8 2 2 3 12 8

Riddhi Steel & Tube Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.84 2.98 2.16 2.52 4 2.46 1.05 1.99 2.74 3.86 6.1
CEPS(Rs) 6.29 6.23 4.81 5.16 6.83 5.42 4.33 5.25 5.29 6.53 8.53
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 22.25 25.23 27.41 29.94 33.94 36.4 37.45 39.44 42.18 46.04 49.94
Core EBITDA Margin(%) 6.22 6.94 6.75 5.94 5.09 5.9 4.71 5.51 5.67 5.74 5.7
EBIT Margin(%) 5.37 6.38 6 4.96 4.67 5.11 4.06 5.13 5.42 5.53 5.65
Pre Tax Margin(%) 1.61 1.71 1.72 1.79 1.54 1.22 0.74 1.27 1.59 2 2.61
PAT Margin (%) 1.08 1.13 1.11 1.16 1.32 1.05 0.4 0.82 1.12 1.46 1.94
Cash Profit Margin (%) 2.4 2.36 2.48 2.38 2.25 2.31 1.64 2.16 2.17 2.48 2.71
ROA(%) 2.57 2.48 2.27 2.43 3.44 1.98 0.81 1.38 1.82 2.53 3.82
ROE(%) 13.61 12.56 9.47 8.8 12.53 7 2.84 5.18 6.7 8.75 12.71
ROCE(%) 13.96 15.12 13.45 11.52 13.23 10.28 8.93 9.47 9.45 10 11.58
Receivable days 51.76 59.9 67.6 68.01 58.09 76.86 59.26 58.94 67.15 65.07 50
Inventory Days 34.71 40.89 44.99 43.15 38.24 46.58 47.09 70.11 74.69 81.39 81.56
Payable days 3.58 3.9 9.3 12.77 8.35 8.58 11.88 16.16 11.51 5.58 2.77
PER(x) 0 0 10.36 11.13 2.1 1.79 14.83 10.49 11.46 6.75 10.04
Price/Book(x) 0 0 0.81 0.94 0.25 0.12 0.42 0.53 0.74 0.57 1.23
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.33 0.37 0.44 0.44 0.3 0.33 0.38 0.49 0.52 0.47 0.51
EV/Core EBITDA(x) 5 4.84 5.89 7.07 5.37 5.21 7.15 7.63 7.96 7.12 7.89
Net Sales Growth(%) 13.49 0.11 2.3 11.77 40.63 -22.53 12.24 -7.57 0.02 8.23 19.4
EBIT Growth(%) 13.09 19.55 -3.31 -7.9 31.58 -15.2 -10.92 16.96 5.69 10.27 22.08
PAT Growth(%) 10.68 5.08 0.79 16.98 58.66 -38.47 -57.38 89.87 37.26 41.05 58.14
EPS Growth(%) 10.68 5.08 -27.66 16.98 58.66 -38.47 -57.38 89.87 37.26 41.05 58.14
Debt/Equity(x) 3.77 3.61 2.28 2.23 2.45 2.19 2.29 2.57 2.29 2.31 2.09
Current Ratio(x) 1.51 1.74 1.99 1.93 2.08 1.98 2.61 1.88 1.83 1.76 1.92
Quick Ratio(x) 1.02 1.13 1.4 1.29 1.35 1.49 1.59 1.17 1.11 0.9 0.95
Interest Cover(x) 1.43 1.37 1.4 1.57 1.49 1.31 1.22 1.33 1.41 1.57 1.86
Total Debt/Mcap(x) 0 0 2.8 2.37 9.91 18.12 5.5 4.84 3.08 4.08 1.71

Riddhi Steel & Tube Shareholding Pattern

# Mar 2022 Sep 2022 Dec 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 72.49 72.49 72.56 72.56 72.56 72.85 72.56 73.58 74.17 74.61
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0.36 1.38
Public 27.51 27.51 27.44 27.44 27.44 27.15 27.44 26.42 25.47 24.02
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Riddhi Steel & Tube News

Riddhi Steel & Tube Pros & Cons

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Debtor days have improved from 5.58 to 2.77days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Company has a low return on equity of 9% over the last 3 years.
  • Stock is trading at 3.9 times its book value.
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