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Surani Steel Tubes

₹400.2 0 | 0%

Market Cap ₹426 Cr.

Stock P/E 0.0

P/B 11.5

Current Price ₹400.2

Book Value ₹ 34.8

Face Value 10

52W High ₹734.6

Dividend Yield 0%

52W Low ₹ 157.9

Surani Steel Tubes Research see more...

Overview Inc. Year: 2012Industry: Steel & Iron Products

Surani Steel Tubes Ltd manufactures and elements ERW slight metal (MS) pipes and steel tubes in India. It offers square and rectangle hollow sections to be used in plumbing, water supply systems, and oil and gasoline transmission systems; ERW spherical pipes and tubes for use in irrigation, sewage systems, and boilers, in addition to oil, water, and fuel transmission structures; MS slit coils and strips to be used in agriculture, constructional, clinical, and various other engineering industries; and hot rolled MS coils for heavy obligation industries. The business enterprise was founded in 2012 and is based in Gandhinagar, India.

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Surani Steel Tubes Share Price

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Quarterly Price

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Surani Steel Tubes 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

Surani Steel Tubes Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 36 58 68 77 101 93 98 107 137 124
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 36 58 68 77 101 93 98 107 137 124
Total Expenditure 35 56 65 73 97 92 99 99 132 123
Operating Profit 1 2 3 4 4 1 -1 7 5 1
Interest 1 1 1 1 1 1 2 2 2 1
Depreciation 0 0 1 0 0 0 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 2 2 3 -0 -5 4 2 -1
Provision for Tax -0 0 0 1 1 0 0 0 0 0
Profit After Tax -0 0 1 1 2 -0 -5 4 2 -2
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 0 1 1 2 -0 -5 4 2 -2
Adjusted Earnings Per Share 0 0 0 0 3 -0.2 -6 4.7 2.2 -2.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -9% 8% 4% 0%
Operating Profit CAGR -80% 0% -24% 0%
PAT CAGR -200% 0% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 101% 180% 53% NA%
ROE Average -8% 6% -1% 8%
ROCE Average -1% 8% 4% 9%

Surani Steel Tubes Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 2 3 4 5 11 24 19 23 25 23
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 6 6 6 6 4 4 3 2 0 0
Other Non-Current Liabilities -0 0 1 1 0 0 1 1 1 1
Total Current Liabilities 7 7 13 17 21 17 26 20 26 18
Total Liabilities 15 16 23 28 36 45 48 45 51 41
Fixed Assets 5 5 5 5 4 4 15 13 12 5
Other Non-Current Assets 0 0 0 3 7 11 0 0 0 0
Total Current Assets 10 11 17 20 24 30 33 32 39 37
Total Assets 15 16 23 28 36 45 48 45 51 41

Surani Steel Tubes Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 1 0 0 0 0 0 0 0
Cash Flow from Operating Activities -7 2 -0 2 -1 -8 -0 2 5 -2
Cash Flow from Investing Activities -1 -0 -1 -2 -4 -5 -1 -0 0 7
Cash Flow from Financing Activities 7 -2 0 -0 5 13 1 -2 -5 -5
Net Cash Inflow / Outflow -0 1 -0 -0 -0 0 0 -0 -0 0
Closing Cash & Cash Equivalent 0 1 0 0 0 0 0 0 0 0

Surani Steel Tubes Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -0.06 0.33 2.19 2 3.04 -0.16 -5.99 4.7 2.24 -2.16
CEPS(Rs) 0.62 1.01 3.2 2.8 3.71 0.28 -4.47 6.24 3.76 -1.03
DPS(Rs) 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 4.86 5.19 7.38 9.38 18.97 28.71 22.73 27.43 29.67 27.5
Core EBITDA Margin(%) 3.26 2.93 4.4 4.06 3.97 1.19 -1.55 6.75 3.49 0.29
EBIT Margin(%) 2.48 2.45 3.78 3.63 3.61 0.81 -2.74 5.63 2.6 -0.3
Pre Tax Margin(%) -0.11 0.38 2.07 2.05 2.64 -0.12 -4.79 3.78 1.39 -1.21
PAT Margin (%) -0.07 0.25 1.42 1.16 1.69 -0.15 -5.07 3.65 1.36 -1.45
Cash Profit Margin (%) 0.77 0.78 2.08 1.62 2.07 0.25 -3.78 4.85 2.28 -0.69
ROA(%) -0.19 1.04 5.63 3.89 5.5 -0.34 -10.67 8.36 3.83 -3.87
ROE(%) -1.23 6.47 34.88 23.85 22.48 -0.78 -23.27 18.75 7.84 -7.57
ROCE(%) 7.52 12 20.05 18.38 16.92 2.23 -6.74 15.11 8.85 -1.02
Receivable days 37.09 24.74 24.33 28.82 24.88 24.38 22.4 22.06 16.2 27.06
Inventory Days 46.93 29.19 37.17 46.39 49.43 72.38 79.86 76.14 64.8 65.24
Payable days 18.84 12.79 22.33 35.99 31.59 22.79 22.1 21.33 13.19 17.7
PER(x) 0 0 0 0 0 0 0 4.06 20.55 0
Price/Book(x) 0 0 0 0 0 1.84 0.99 0.7 1.55 1.95
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.37 0.21 0.21 0.21 0.21 0.66 0.39 0.32 0.39 0.44
EV/Core EBITDA(x) 9.98 6.46 4.28 4.48 5.08 54.46 -26.88 4.66 10.97 96.77
Net Sales Growth(%) 0 61.54 17.75 12.04 31.45 -7.73 5.26 8.88 28.31 -9.62
EBIT Growth(%) 0 58.23 83.8 7.34 20.23 -80.02 -457.1 323.79 -40.69 -110.51
PAT Growth(%) 0 643.48 574.46 -8.85 76.58 -107.73 -3536.63 178.54 -52.4 -196.73
EPS Growth(%) 0 641.67 574.46 -8.85 52.23 -105.41 -3536.57 178.54 -52.4 -196.73
Debt/Equity(x) 4.48 4.05 3.32 2.85 1.4 0.73 1.04 0.8 0.61 0.5
Current Ratio(x) 1.41 1.43 1.35 1.17 1.17 1.71 1.28 1.6 1.5 2.04
Quick Ratio(x) 0.68 0.74 0.54 0.51 0.37 0.56 0.39 0.51 0.46 1.07
Interest Cover(x) 0.96 1.18 2.21 2.3 3.7 0.87 -1.34 3.05 2.14 -0.33
Total Debt/Mcap(x) 0 0 0 0 0 0.39 1.05 1.15 0.39 0.25

Surani Steel Tubes Shareholding Pattern

# Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 33.97 33.97 33.97 33.97 33.97 33.97 33.97 53.75 51.72 44.93
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 66.03 66.03 66.03 66.03 66.03 66.03 66.03 46.25 48.28 55.07
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.93%.
  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from 13.19 to 17.7days.
  • Stock is trading at 11.5 times its book value.

* 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.

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