Tamilnadu Steel Tubes Ltd - Stock Valuation and Financial Performance

BSE: 513540 | NSE: | Steel & Iron Products | Small Cap

TN Steel & Tubes Share Price

21.55 0.00 0.00%
as on 19-Dec'24 16:59

DeciZen - make an informed investing decision on TN Steel & Tubes

M-Cap below 100cr DeciZen not available

Tamilnadu Steel Tubes stock performance -

mw4me loader
P/E Ratio (SA):
32.58
Market Cap:
11 Cr.
52-wk low:
11.3
52-wk high:
23.1

Is Tamilnadu Steel Tubes Ltd an attractive stock to invest in?

1. Is Tamilnadu Steel Tubes Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tamilnadu Steel Tubes Ltd is a below average quality company.

2. Is Tamilnadu Steel Tubes Ltd undervalued or overvalued?

The key valuation ratios of Tamilnadu Steel Tubes Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Tamilnadu Steel Tubes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tamilnadu Steel Tubes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of TN Steel & Tubes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tamilnadu Steel Tubes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 57.4%24.6%12.7%9.5%4.7%-19.5%1.2%6.6%6.4%4.3%-
Value Creation
Index
3.10.8-0.1-0.3-0.7-2.4-0.9-0.5-0.5-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9478.480.590.681.450.95277.492.171.571
Sales YoY Gr.--16.6%2.7%12.6%-10.2%-37.5%2.2%48.8%19%-22.3%-
Adj EPS 5.152.31.40.1-4.8-1.3110.30.7
YoY Gr.--2.7%-54.2%-39.5%-89.9%-3550%NANA2%-71.8%-
BVPS (₹) 13.818.720.62222.117.3161718.118.518.8
Adj Net
Profit
2.62.61.20.70.1-2.5-0.70.50.50.20
Cash Flow from Ops. -4.5-1.80.70.70.4-0.30.6-4-1.60.8-
Debt/CF from Ops. -2.2-4.912.23.310.9-0.916.3-1-3.97.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3%-2.6%11.2%-22.3%
Adj EPS -27.3%15.7%NA-71.8%
BVPS3.3%-3.5%5%2.5%
Share Price -8.6% -3.2% 29.7% 8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
54.930.711.66.50.6-24.5-86.15.91.63.5
Op. Profit
Mgn %
4.353.22.11.1-4.60.21.50.60.70.9
Net Profit
Mgn %
2.83.31.50.80.1-4.9-1.30.70.60.20.5
Debt to
Equity
1.40.90.80.20.401.20.50.70.70.3
Working Cap
Days
94108119117122169154114113151104
Cash Conv.
Cycle
5687999210515714210410213681

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.21%

Debt to equity has declined versus last 3 years average to 0.66

Return on Equity has declined versus last 3 years average to 3.50%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -12.95%

Latest Financials - Tamilnadu Steel Tubes Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 -
TTM Sales (₹ Cr.) 70.8 -
BVPS (₹.) 18.8 -
Reserves (₹ Cr.) 4 -
P/BV 1.15 -
PE 32.58 -
From the Market
52 Week Low / High (₹) 11.30 / 23.10
All Time Low / High (₹) 1.00 / 57.65
Market Cap (₹ Cr.) 11
Equity (₹ Cr.) 5.1
Face Value (₹) 10
Industry PE 22.2

Management X-Ray of TN Steel & Tubes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of TN Steel & Tubes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales93.9778.4080.5290.6381.3750.8651.9877.3592.0671.50
Operating Expenses 89.9774.5477.9988.8180.4653.2251.8676.1791.4870.98
Manufacturing Costs5.384.403.774.845.164.024.075.476.065.43
Material Costs79.1063.6467.3775.9068.2142.7242.3965.5279.6860.12
Employee Cost 1.892.693.314.433.803.513.803.854.253.99
Other Costs 3.603.803.553.643.302.971.601.331.491.43
Operating Profit 43.862.521.820.91-2.360.121.180.590.51
Operating Profit Margin (%) 4.3%4.9%3.1%2.0%1.1%-4.6%0.2%1.5%0.6%0.7%
Other Income 0.120.720.160.070.120.260.360.070.640.50
Interest 1.030.860.580.490.680.050.040.110.520.59
Depreciation 0.300.260.300.340.330.330.320.250.330.34
Exceptional Items 3.09000000000
Profit Before Tax 5.883.451.811.070.01-2.480.110.880.380.09
Tax 1.090.920.630.37-0.08-0.020.790.36-0.19-0.20
Profit After Tax 4.802.531.180.700.09-2.46-0.680.520.570.28
PAT Margin (%) 5.1%3.2%1.5%0.8%0.1%-4.8%-1.3%0.7%0.6%0.4%
Adjusted EPS (₹)9.44.92.31.40.2-4.8-1.31.01.10.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 7.059.5810.5511.2511.348.888.208.729.259.48
Share Capital 5.125.125.125.125.125.125.125.125.125.12
Reserves 1.924.455.436.136.223.753.073.594.134.36
Minority Interest0000000000
Debt9.758.768.752.214.510.299.523.906.126.15
Long Term Debt1.821.790.110.250.12000.640.460.51
Short Term Debt7.936.978.641.964.400.299.523.265.665.63
Trade Payables4.610.894.344.570.160.331.011.152.060.95
Others Liabilities 7.507.747.5115.7014.5916.625.8115.5115.1615.13
Total Liabilities 28.9126.9731.1433.7330.6026.1224.5529.2832.5931.71

Fixed Assets

Gross Block9.829.492.653.023.0833.073.924.083.80
Accumulated Depreciation7.537.590.180.500.791.091.351.611.701.50
Net Fixed Assets2.291.902.472.522.291.911.722.322.392.30
CWIP 00.1800000000
Investments 0000000000
Inventories9.738.519.32109.448.558.6712.3115.4414.44
Trade Receivables14.1113.9017.4218.2313.7912.5611.9813.4913.5512.99
Cash Equivalents 1.170.830.321.573.611.841.230.090.060.29
Others Assets1.611.651.621.411.471.270.941.071.161.69
Total Assets 28.9126.9731.1433.7330.6026.1224.5529.2832.5931.71

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -4.53-1.780.720.670.41-0.310.58-4.01-1.610.81
PBT 5.883.451.501.070.01-2.480.110.880.380.09
Adjustment 1.210.430.730.790.910.120.160.310.710.62
Changes in Working Capital -10.59-4.71-1.04-0.84-0.492.051.1-4.84-2.820.1
Tax Paid -1.02-0.95-0.47-0.35-0.020-0.79-0.360.130
Cash Flow From Investing Activity 0.080.03-0.667.59-0.032.61-10.53-0.83-0.290.01
Capex -0.02-0.05-0.79-0.39-0.110.05-0.03-0.89-0.34-0.06
Net Investments 0000000000
Others 0.110.080.137.970.082.57-10.500.060.050.07
Cash Flow From Financing Activity 3.981.41-0.57-7.011.66-4.089.343.701.86-0.58
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.192.52-1.670.14-0.14-0.0400.64-0.180.06
Interest Paid -1.03-0.86-0.58-0.49-0.68-0.05-0.04-0.11-0.52-0.59
Dividend Paid 0000000000
Others 5.20-0.241.68-6.672.48-3.999.383.172.56-0.05
Net Cash Flow -0.46-0.33-0.511.252.05-1.78-0.61-1.14-0.030.23
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)100.2830.4311.696.420.81-24.35-7.986.166.33.02
ROCE (%)57.4124.5512.679.514.73-19.461.156.576.394.31
Asset Turnover Ratio3.3932.772.792.531.792.052.872.982.22
PAT to CFO Conversion(x)-0.94-0.70.610.964.56N/AN/A-7.71-2.822.89
Working Capital Days
Receivable Days54617172729586605468
Inventory Days34404039446560505576
Payable Days361614211326679

Tamilnadu Steel Tubes Ltd Stock News

Tamilnadu Steel Tubes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of TN Steel & Tubes on 19-Dec-2024 16:59 is ₹21.55.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Dec-2024 16:59 the market cap of TN Steel & Tubes stood at ₹11.04.
The latest P/E ratio of TN Steel & Tubes as of 19-Dec-2024 16:59 is 32.58.
The latest P/B ratio of TN Steel & Tubes as of 19-Dec-2024 16:59 is 1.15.
The 52-week high of TN Steel & Tubes is ₹23.10 and the 52-week low is ₹11.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TN Steel & Tubes is ₹70.81 ( Cr.) .

About Tamilnadu Steel Tubes Ltd

Tamilnadu Steel Tubes, a registered partnership firm, obtained a certificate of incorporation on July 13, 1979. All assets movable and immovable and rights, quotas, licenses, debts and all liabilities of parties in the said partnership became vested in Tamilnadu Steel Tubes Private Limited, as on the date of incorporation of aforesaid Private Company. The company has been promoted by Shri Indersain Goyal having over 36 years of experience as an Industrialist.

The company became deemed Public Limited Company under provision of section 43A of Companies Act 1956 with effect from April 1, 1982. The company was converted into a Public Limited Company on October 15, 1986.

Business area of the company

The company is engaged in manufacturing of GI Tubes, Pipes, Hardware Fittings, in India. The company currently manufactures ERW Steel Tubes/Pipes (both Black & Galvanished) and  ERW Precision tubes which are extensively used in water supply both for domestic and municipal usage; tubular structures, agriculture, automobile and transport industry.

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