BSE: 513043 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Remi Edelstahl Tubulars Ltd is a below average quality company.
The key valuation ratios of Remi Edelstahl Tubulars Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Remi Edelstahl Tubulars 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.3% | -1.6% | -4.6% | 0.1% | 5.4% | 5.2% | 2.9% | 5.3% | 3.7% | 5.5% | - |
| Value Creation Index ⓘ | -0.6 | -1.1 | -1.3 | -1.0 | -0.6 | -0.6 | -0.8 | -0.6 | -0.7 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 172 | 101 | 66.2 | 59.6 | 125 | 105 | 82.2 | 106 | 135 | 117 | 124 |
| Sales YoY Gr. | - | -41.5% | -34.4% | -10% | 109.1% | -15.6% | -21.8% | 28.4% | 27.7% | -13.1% | - |
| Adj EPS ⓘ | -1.2 | -7.3 | -5.1 | -2.2 | -0.2 | 0.2 | 0.3 | 0.6 | 0.1 | 0.8 | 2.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | 57.9% | 93.3% | -81% | 654.6% | - |
| BVPS (₹) ⓘ | 47.6 | 41.4 | 39.2 | 37.4 | 37.6 | 37.6 | 37.9 | 38.3 | 38.5 | 39.6 | 40.9 |
| Adj Net Profit ⓘ | -1.2 | -7.3 | -5.5 | -2.4 | -0.2 | 0.2 | 0.3 | 0.6 | 0.1 | 0.9 | 3 |
| Cash Flow from Ops. ⓘ | -8 | 17.1 | 5.6 | -14 | 7.1 | 18.6 | -4.6 | 5.2 | 8.3 | -4.1 | - |
| Debt/CF from Ops. ⓘ | -8.6 | 2.8 | 6 | -3.6 | 6.2 | 1.5 | -7.9 | 6 | 2.9 | -7.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -4.2% | -1.2% | 12.5% | -13.1% | ||||
| Adj EPS ⓘ | NA | NA | 40.4% | 654.6% | ||||
| BVPSⓘ | -2% | 1% | 1.5% | 2.7% | ||||
| Share Price | 16.8% | 25.9% | 44.3% | 16.1% | ||||
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 % ⓘ | -2.7 | -16.4 | -13.1 | -5.6 | -0.4 | 0.5 | 0.8 | 1.5 | 0.3 | 2.1 | 7 |
| Op. Profit Mgn % ⓘ | 6.2 | -0.8 | -3.2 | 5.4 | 6.3 | 7.1 | 6.4 | 5.9 | 4 | 5.3 | 6.3 |
| Net Profit Mgn % ⓘ | -0.7 | -7.2 | -8.4 | -4 | -0.1 | 0.2 | 0.4 | 0.6 | 0.1 | 0.8 | 2.5 |
| Debt to Equity ⓘ | 1.5 | 1.2 | 0.8 | 1.2 | 1.1 | 0.7 | 0.9 | 0.7 | 0.6 | 0.7 | 0.2 |
| Working Cap Days ⓘ | 171 | 257 | 272 | 331 | 185 | 194 | 230 | 199 | 157 | 185 | 84 |
| Cash Conv. Cycle ⓘ | 122 | 187 | 212 | 249 | 132 | 137 | 178 | 154 | 120 | 155 | 43 |
Return on Equity has increased versus last 3 years average to 7.00%
Sales growth is growing at healthy rate in last 3 years 12.52%
Net Profit is growing at healthy rate in last 3 years 40.38%
Debt to equity has declined versus last 3 years average to 0.70
Sales growth is good in last 4 quarters at 10.85%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.8 | - |
| TTM Sales (₹ Cr.) | 124 | - |
| BVPS (₹.) ⓘ | 40.9 | - |
| Reserves (₹ Cr.) ⓘ | 34 | - |
| P/BV ⓘ | 2.30 | - |
| PE ⓘ | 33.43 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 61.01 / 114.90 |
| All Time Low / High (₹) | 0.55 / 120.88 |
| Market Cap (₹ Cr.) | 103 |
| Equity (₹ Cr.) | 11 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 101 | 66 | 60 | 125 | 105 | 82 | 106 | 135 | 117 |
| Operating Expenses ⓘ | 162 | 102 | 68 | 56 | 117 | 98 | 77 | 99 | 129 | 111 |
| Manufacturing Costs | 14 | 12 | 8 | 10 | 15 | 10 | 10 | 13 | 14 | 15 |
| Material Costs | 129 | 75 | 50 | 37 | 92 | 77 | 58 | 74 | 103 | 81 |
| Employee Cost | 8 | 8 | 6 | 6 | 7 | 7 | 7 | 8 | 8 | 11 |
| Other Costs ⓘ | 11 | 7 | 5 | 3 | 4 | 4 | 3 | 4 | 4 | 4 |
| Operating Profit ⓘ | 10 | -1 | -2 | 3 | 8 | 7 | 5 | 6 | 5 | 6 |
| Operating Profit Margin (%) | 5.9% | -0.8% | -3.4% | 5.3% | 6.3% | 7.0% | 6.2% | 5.9% | 4.0% | 5.3% |
| Other Income ⓘ | 2 | 4 | 3 | 2 | 2 | 1 | 1 | 2 | 1 | 1 |
| Interest ⓘ | 10 | 7 | 4 | 3 | 4 | 4 | 2 | 2 | 2 | 2 |
| Depreciation ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -2 | -9 | -8 | -3 | 0 | 0 | 0 | 2 | 0 | 2 |
| Tax ⓘ | -1 | -3 | -3 | -1 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit After Tax | -2 | -6 | -4 | -2 | 0 | 0 | 0 | 1 | 0 | 1 |
| PAT Margin (%) | -1.0% | -6.0% | -6.6% | -3.3% | 0.1% | 0.1% | 0.3% | 0.6% | 0.1% | 1.2% |
| Adjusted EPS (₹) | -1.7 | -6.1 | -4.0 | -1.8 | 0.1 | 0.1 | 0.2 | 0.6 | 0.1 | 1.3 |
| 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 | 47 | 41 | 43 | 41 | 41 | 41 | 42 | 42 | 42 | 43 |
| Share Capital ⓘ | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 37 | 31 | 32 | 30 | 30 | 30 | 31 | 31 | 31 | 32 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 66 | 47 | 33 | 50 | 43 | 28 | 35 | 31 | 24 | 30 |
| Long Term Debt | 22 | 26 | 16 | 28 | 28 | 22 | 22 | 18 | 11 | 10 |
| Short Term Debt | 44 | 21 | 17 | 22 | 15 | 6 | 13 | 13 | 13 | 20 |
| Trade Payables | 15 | 9 | 6 | 5 | 12 | 6 | 4 | 11 | 10 | 2 |
| Others Liabilities ⓘ | 18 | 13 | 11 | 7 | 11 | 12 | 8 | 8 | 8 | 9 |
| Total Liabilities ⓘ | 146 | 110 | 93 | 103 | 108 | 88 | 89 | 92 | 83 | 85 |
Fixed Assets | ||||||||||
| Gross Block | 83 | 84 | 85 | 86 | 86 | 89 | 90 | 90 | 91 | 90 |
| Accumulated Depreciation | 32 | 36 | 41 | 46 | 50 | 55 | 59 | 63 | 66 | 68 |
| Net Fixed Assetsⓘ | 52 | 48 | 44 | 41 | 36 | 34 | 31 | 28 | 24 | 22 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 62 | 38 | 30 | 31 | 34 | 28 | 23 | 35 | 31 | 29 |
| Trade Receivables | 19 | 17 | 12 | 21 | 21 | 15 | 25 | 21 | 23 | 29 |
| Cash Equivalents | 2 | 2 | 1 | 1 | 6 | 6 | 1 | 5 | 2 | 1 |
| Others Assetsⓘ | 10 | 5 | 5 | 10 | 9 | 4 | 8 | 3 | 3 | 4 |
| Total Assets ⓘ | 146 | 110 | 93 | 103 | 108 | 88 | 89 | 92 | 83 | 85 |
| 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 ⓘ | -8 | 17 | 6 | -14 | 7 | 19 | -5 | 5 | 8 | -4 |
| PBT ⓘ | -2 | -9 | -8 | -3 | 0 | 0 | 0 | 2 | 0 | 2 |
| Adjustment ⓘ | 12 | 8 | 5 | 6 | 7 | 7 | 5 | 5 | 6 | 5 |
| Changes in Working Capital ⓘ | -10 | 24 | 10 | -15 | 3 | 12 | -10 | -1 | 2 | -11 |
| Tax Paid ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | -1 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -2 | 2 | 1 | 1 | 0 | -1 | 0 | 0 | 0 | -1 |
| Capex | -3 | -1 | -2 | -1 | -1 | -2 | -1 | -1 | -1 | -1 |
| Net Investments | 0 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 11 | -19 | -7 | 18 | -6 | -17 | 5 | -1 | -11 | 4 |
| Net Proceeds from Shares ⓘ | 4 | 0 | 10 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | 4 | -15 | 8 | 0 | 0 | 0 | -4 | -8 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -3 | -1 | -2 | -2 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 9 | -23 | -2 | 5 | -7 | -15 | 6 | 4 | -2 | 6 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 4 | -3 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.64 | -13.72 | -10.38 | -4.61 | 0.28 | 0.35 | 0.52 | 1.54 | 0.35 | 3.24 |
| ROCE (%) | 6.28 | -1.6 | -4.61 | 0.12 | 5.35 | 5.21 | 2.92 | 5.34 | 3.69 | 5.53 |
| Asset Turnover Ratio | 1.3 | 0.84 | 0.71 | 0.62 | 1.18 | 1.07 | 0.93 | 1.17 | 1.54 | 1.39 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5 | N/A | -4 | Working Capital Days |
| Receivable Days | 38 | 60 | 72 | 99 | 62 | 63 | 90 | 80 | 60 | 81 |
| Inventory Days | 112 | 170 | 174 | 186 | 96 | 108 | 114 | 100 | 90 | 93 |
| Payable Days | 36 | 57 | 53 | 51 | 34 | 44 | 35 | 38 | 36 | 26 |
Rajendra Mechanical Industries Ltd. (RMIL), a Remi Group company started operation in 1970 under co-operation agreement with Kobe Steel - Japan. It is the largest manufacturer of stainless steel welded and seamless pipes/ tubes and the only organization in India in this field to have ISO-9002 certification. Remi's manufacturing plant is equipped with the latest equipment, technology and expertise to deliver quality products to our customers. Remi products have been used extensively in critical process industries such as refineries, petrochemicals, paper and pulp, fertilizers, pharmaceuticals, nuclear plants, etc.
The company’s products have been working satisfactorily for years in the world of refineries, petrochemicals, fertilizers, pharmaceuticals, paper & pulp industries, critical applications of nuclear plants. Repeat orders from most of the clients is a testimony to the confidence generated with our valued customers. Meeting customer requirement and customer satisfaction is the main goal for 'Remi'. Inspection department is obviously no exception to this.
The manufacturing facility of the company is spread over 14 acres of land with cover area of .25 million square feet at, Tarapur, an industrial township in Maharashtra (160 km from Mumbai). Equipped with modern production facilities and with latest generation testing equipments and Laboratory.
Product range of the company includes:
Milestones
Achievements/ recognition:
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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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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