Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 530253 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rajasthan Tube Manufacturing Company Ltd is a below average quality company.
The key valuation ratios of Rajasthan Tube Manufacturing Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rajasthan Tube Manufacturing Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.6% | 6.1% | 2.9% | 12.4% | 8.2% | -5.9% | 10.8% | 11.5% | 10.8% | 10.7% | - |
| Value Creation Index ⓘ | -0.9 | -0.6 | -0.8 | -0.1 | -0.4 | -1.4 | -0.2 | -0.2 | -0.2 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 92.2 | 80.8 | 73.9 | 77.3 | 76.7 | 41.4 | 42.3 | 53.2 | 99.9 | 94.9 | 67 |
| Sales YoY Gr. | - | -12.4% | -8.7% | 4.6% | -0.7% | -46% | 2.1% | 25.8% | 87.9% | -5% | - |
| Adj EPS ⓘ | -5 | 0.5 | -2.8 | 0.8 | 0.1 | -6.6 | 0.9 | 1.3 | 2.1 | 1.6 | -1.5 |
| YoY Gr. | - | NA | -652.9% | NA | -86.9% | -6136.4% | NA | 33% | 69.6% | -25% | - |
| BVPS (₹) ⓘ | 20.5 | 21 | 18.2 | 19 | 19.1 | 12.5 | 13.4 | 14.7 | 16.8 | 18.4 | 17 |
| Adj Net Profit ⓘ | -2.3 | 0.2 | -1.3 | 0.4 | 0.1 | -3 | 0.4 | 0.6 | 1 | 0.7 | -1 |
| Cash Flow from Ops. ⓘ | 3.1 | 1.8 | 5.2 | 4 | -3.9 | 7.7 | 5.3 | -2 | -0.7 | 8.3 | - |
| Debt/CF from Ops. ⓘ | 6.5 | 11.7 | 3.3 | 3.8 | -5.2 | 1.8 | 1.9 | -7 | -22.9 | 1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.3% | 4.4% | 30.9% | -5% | ||||
| Adj EPS ⓘ | NA | 70.6% | 19.2% | -25% | ||||
| BVPSⓘ | -1.2% | -0.8% | 11.1% | 9.6% | ||||
| Share Price | 29.7% | 82.3% | 119.3% | 608.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -21.9 | 2.5 | -14.4 | 4.5 | 0.6 | -42.2 | 7.3 | 8.9 | 13.5 | 9.1 | -8.5 |
| Op. Profit Mgn % ⓘ | 0.7 | 2.3 | 1.1 | 4 | 2.9 | -3.3 | 4.8 | 4.1 | 2.4 | 2.4 | 1.2 |
| Net Profit Mgn % ⓘ | -2.5 | 0.3 | -1.7 | 0.5 | 0.1 | -7.2 | 1 | 1.1 | 1 | 0.8 | -1 |
| Debt to Equity ⓘ | 2.2 | 2.2 | 2.1 | 1.8 | 2.4 | 2.5 | 1.7 | 2.1 | 2.1 | 1.1 | - |
| Working Cap Days ⓘ | 142 | 166 | 173 | 137 | 134 | 228 | 150 | 136 | 93 | 99 | 121 |
| Cash Conv. Cycle ⓘ | 80 | 77 | 78 | 77 | 94 | 155 | 106 | 89 | 60 | 59 | 26 |
Sales growth is growing at healthy rate in last 3 years 30.94%
Debt to equity has declined versus last 3 years average to 1.05
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at -36.11%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.5 | - |
| TTM Sales (₹ Cr.) | 67.3 | - |
| BVPS (₹.) ⓘ | 17 | - |
| Reserves (₹ Cr.) ⓘ | 3 | - |
| P/BV ⓘ | 15.05 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 26.00 / 257.00 |
| All Time Low / High (₹) | 1.23 / 257.00 |
| Market Cap (₹ Cr.) | 115 |
| Equity (₹ Cr.) | 4.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 23.3 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 18.9 | -33.5 | 24.5 | -3.9 | 6.4 | -73.6 | 17.6 | -33.4 |
| Adj EPS (₹) ⓘ | -0.1 | -110.3 | 0.2 | -73.6 | -0.9 | -302.2 | -0.6 | -210.7 |
| Op. Profit Mgn % ⓘ | 1.92 | -203 bps | 1.72 | -79 bps | -0.60 | -292 bps | 0.35 | -206 bps |
| Net Profit Mgn % ⓘ | -0.33 | -249 bps | 0.35 | -91 bps | -6.58 | -743 bps | -1.60 | -256 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92 | 81 | 74 | 77 | 77 | 41 | 42 | 53 | 100 | 95 |
| Operating Expenses ⓘ | 92 | 79 | 73 | 74 | 74 | 43 | 40 | 51 | 97 | 93 |
| Manufacturing Costs | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Material Costs | 89 | 77 | 71 | 72 | 73 | 41 | 39 | 49 | 95 | 91 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| Other Costs ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit ⓘ | 1 | 2 | 1 | 3 | 2 | -1 | 2 | 2 | 2 | 2 |
| Operating Profit Margin (%) | 0.7% | 2.3% | 1.1% | 4.0% | 2.9% | -3.3% | 4.8% | 4.1% | 2.4% | 2.4% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 3 | 3 | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -2 | -1 | -2 | 1 | 0 | -3 | 1 | 1 | 1 | 1 |
| Tax ⓘ | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2 | 0 | -1 | 0 | 0 | -3 | 0 | 1 | 1 | 1 |
| PAT Margin (%) | -2.5% | 0.3% | -1.7% | 0.5% | 0.1% | -7.2% | 1.0% | 1.1% | 1.0% | 0.8% |
| Adjusted EPS (₹) | -5.0 | 0.5 | -2.8 | 0.8 | 0.1 | -6.7 | 0.9 | 1.3 | 2.1 | 1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9 | 9 | 8 | 9 | 9 | 6 | 6 | 7 | 8 | 8 |
| Share Capital ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves ⓘ | 5 | 5 | 4 | 4 | 4 | 1 | 2 | 2 | 3 | 4 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 20 | 21 | 17 | 15 | 20 | 14 | 9 | 13 | 15 | 8 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 2 | 1 |
| Short Term Debt | 20 | 21 | 17 | 15 | 20 | 14 | 6 | 10 | 13 | 7 |
| Trade Payables | 10 | 14 | 12 | 5 | 5 | 3 | 0 | 7 | 5 | 11 |
| Others Liabilities ⓘ | 2 | 0 | 0 | -1 | -1 | -1 | 1 | 0 | 0 | 0 |
| Total Liabilities ⓘ | 42 | 45 | 38 | 27 | 33 | 22 | 16 | 27 | 27 | 27 |
Fixed Assets | ||||||||||
| Gross Block | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Accumulated Depreciation | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 |
| Net Fixed Assetsⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 22 | 23 | 19 | 12 | 15 | 7 | 6 | 17 | 15 | 17 |
| Trade Receivables | 9 | 10 | 11 | 10 | 12 | 10 | 5 | 5 | 9 | 6 |
| Cash Equivalents | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Assetsⓘ | 7 | 9 | 5 | 3 | 4 | 4 | 3 | 3 | 2 | 3 |
| Total Assets ⓘ | 42 | 45 | 38 | 27 | 33 | 22 | 16 | 27 | 27 | 27 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3 | 2 | 5 | 4 | -4 | 8 | 5 | -2 | -1 | 8 |
| PBT ⓘ | -2 | -1 | -2 | 1 | 0 | -3 | 1 | 1 | 1 | 1 |
| Adjustment ⓘ | 3 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | 3 | 0 | 5 | 1 | -6 | 9 | 3 | -4 | -3 | 6 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -3 | -2 | -5 | -5 | 3 | -8 | -5 | 2 | 1 | -8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | -2 | -2 |
| Interest Paid ⓘ | -2 | -2 | -2 | -2 | -2 | -1 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | 0 | -3 | -2 | 5 | -6 | -7 | 3 | 4 | -5 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -21.88 | 2.47 | -14.42 | 4.54 | 0.57 | -42.15 | 7.25 | 8.91 | 13.52 | 9.14 |
| ROCE (%) | 1.6 | 6.06 | 2.92 | 12.37 | 8.24 | -5.91 | 10.83 | 11.48 | 10.79 | 10.71 |
| Asset Turnover Ratio | 2.35 | 2.02 | 1.93 | 2.44 | 2.53 | 1.5 | 2.22 | 2.47 | 3.67 | 3.47 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -2 | -1 | 8 |
| Working Capital Days | ||||||||||
| Receivable Days | 37 | 40 | 48 | 48 | 52 | 95 | 62 | 33 | 26 | 29 |
| Inventory Days | 83 | 93 | 95 | 72 | 65 | 98 | 58 | 80 | 58 | 61 |
| Payable Days | 41 | 59 | 69 | 44 | 25 | 36 | 14 | 27 | 24 | 32 |
Rajasthan Tube Manufacturing Company (RTMCL) was incorporated in 1985. The company has carved an unparalleled position in the global market by making a relentless endeavour to cater to its clients with premium quality pipes and tubes.
The company is a leading manufacturers and exporter of steel pipes and tubes, black steel tubes, galvanised steel tubes, steel square tubes, HR sheets, CR sheets, cold drawn steel tubes, etc.
RTMCL also manufactures RPVC pipes, elastomeric ring fit and HDPE pipes.
The company is committed to elevate the standards of its products and services to offer customer satisfaction through excellence in quality.
Its registered office is located at 404, Shekhawati Complex, Station Road, Jaipur. The company's factory is located at B-61, Ambaji Industrial Area, Abu Road (Sirohi), Rajasthan
The shares of the company are listed on the Jaipur Stock Exchange, Bombay Stock Exchange and Delhi Stock Exchange.
The pipes manufactured by the company are sold under the brand name of 'RTL' and are well accepted in the national and international markets. The company supplies finest quality of steel from Essar Steel and zinc from Hindustan Zinc (HZL) goes for its production.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
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