BSE: 513540 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tamilnadu Steel Tubes Ltd is a below average quality company.
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.
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.
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 % ⓘ | 57.4% | 24.6% | 12.7% | 9.5% | 4.7% | -19.5% | 1.2% | 6.6% | 6.4% | 4.3% | - |
| Value Creation Index ⓘ | 3.1 | 0.8 | -0.1 | -0.3 | -0.7 | -2.4 | -0.9 | -0.5 | -0.5 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 94 | 78.4 | 80.5 | 90.6 | 81.4 | 50.9 | 52 | 77.4 | 92.1 | 71.5 | 73 |
| Sales YoY Gr. | - | -16.6% | 2.7% | 12.6% | -10.2% | -37.5% | 2.2% | 48.8% | 19% | -22.3% | - |
| Adj EPS ⓘ | 5.1 | 5 | 2.3 | 1.4 | 0.1 | -4.8 | -1.3 | 1 | 1 | 0.3 | 0.7 |
| YoY Gr. | - | -2.7% | -54.2% | -39.5% | -89.9% | -3550% | NA | NA | 2% | -71.8% | - |
| BVPS (₹) ⓘ | 13.8 | 18.7 | 20.6 | 22 | 22.1 | 17.3 | 16 | 17 | 18.1 | 18.5 | 18.7 |
| Adj Net Profit ⓘ | 2.6 | 2.6 | 1.2 | 0.7 | 0.1 | -2.5 | -0.7 | 0.5 | 0.5 | 0.2 | 0 |
| Cash Flow from Ops. ⓘ | -4.5 | -1.8 | 0.7 | 0.7 | 0.4 | -0.3 | 0.6 | -4 | -1.6 | 0.8 | - |
| Debt/CF from Ops. ⓘ | -2.2 | -4.9 | 12.2 | 3.3 | 10.9 | -0.9 | 16.3 | -1 | -3.9 | 7.8 | - |
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% | ||||
| BVPSⓘ | 3.3% | -3.5% | 5% | 2.5% | ||||
| Share Price | -8.5% | -4% | 22.3% | -4.7% | ||||
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 % ⓘ | 54.9 | 30.7 | 11.6 | 6.5 | 0.6 | -24.5 | -8 | 6.1 | 5.9 | 1.6 | 3.6 |
| Op. Profit Mgn % ⓘ | 4.3 | 5 | 3.2 | 2.1 | 1.1 | -4.6 | 0.2 | 1.5 | 0.6 | 0.7 | 0.9 |
| Net Profit Mgn % ⓘ | 2.8 | 3.3 | 1.5 | 0.8 | 0.1 | -4.9 | -1.3 | 0.7 | 0.6 | 0.2 | 0.5 |
| Debt to Equity ⓘ | 1.4 | 0.9 | 0.8 | 0.2 | 0.4 | 0 | 1.2 | 0.5 | 0.7 | 0.7 | 0.1 |
| Working Cap Days ⓘ | 94 | 108 | 119 | 117 | 122 | 169 | 154 | 114 | 113 | 151 | 101 |
| Cash Conv. Cycle ⓘ | 56 | 87 | 99 | 92 | 105 | 157 | 142 | 104 | 102 | 136 | 79 |
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 3.60%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -13.47%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.7 | - |
| TTM Sales (₹ Cr.) | 73.5 | - |
| BVPS (₹.) ⓘ | 18.7 | - |
| Reserves (₹ Cr.) ⓘ | 4 | - |
| P/BV ⓘ | 1.16 | - |
| 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.) | 11.1 |
| Equity (₹ Cr.) | 5.1 |
| 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 | 93.97 | 78.40 | 80.52 | 90.63 | 81.37 | 50.86 | 51.98 | 77.35 | 92.06 | 71.50 |
| Operating Expenses ⓘ | 89.97 | 74.54 | 77.99 | 88.81 | 80.46 | 53.22 | 51.86 | 76.17 | 91.48 | 70.98 |
| Manufacturing Costs | 5.38 | 4.40 | 3.77 | 4.84 | 5.16 | 4.02 | 4.07 | 5.47 | 6.06 | 5.43 |
| Material Costs | 79.10 | 63.64 | 67.37 | 75.90 | 68.21 | 42.72 | 42.39 | 65.52 | 79.68 | 60.12 |
| Employee Cost | 1.89 | 2.69 | 3.31 | 4.43 | 3.80 | 3.51 | 3.80 | 3.85 | 4.25 | 3.99 |
| Other Costs ⓘ | 3.60 | 3.80 | 3.55 | 3.64 | 3.30 | 2.97 | 1.60 | 1.33 | 1.49 | 1.43 |
| Operating Profit ⓘ | 4 | 3.86 | 2.52 | 1.82 | 0.91 | -2.36 | 0.12 | 1.18 | 0.59 | 0.51 |
| 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 ⓘ | 0.12 | 0.72 | 0.16 | 0.07 | 0.12 | 0.26 | 0.36 | 0.07 | 0.64 | 0.50 |
| Interest ⓘ | 1.03 | 0.86 | 0.58 | 0.49 | 0.68 | 0.05 | 0.04 | 0.11 | 0.52 | 0.59 |
| Depreciation ⓘ | 0.30 | 0.26 | 0.30 | 0.34 | 0.33 | 0.33 | 0.32 | 0.25 | 0.33 | 0.34 |
| Exceptional Items ⓘ | 3.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5.88 | 3.45 | 1.81 | 1.07 | 0.01 | -2.48 | 0.11 | 0.88 | 0.38 | 0.09 |
| Tax ⓘ | 1.09 | 0.92 | 0.63 | 0.37 | -0.08 | -0.02 | 0.79 | 0.36 | -0.19 | -0.20 |
| Profit After Tax | 4.80 | 2.53 | 1.18 | 0.70 | 0.09 | -2.46 | -0.68 | 0.52 | 0.57 | 0.28 |
| PAT Margin (%) | 5.1% | 3.2% | 1.5% | 0.8% | 0.1% | -4.8% | -1.3% | 0.7% | 0.6% | 0.4% |
| Adjusted EPS (₹) | 9.4 | 4.9 | 2.3 | 1.4 | 0.2 | -4.8 | -1.3 | 1.0 | 1.1 | 0.6 |
| 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 | 7.05 | 9.58 | 10.55 | 11.25 | 11.34 | 8.88 | 8.20 | 8.72 | 9.25 | 9.48 |
| Share Capital ⓘ | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 |
| Reserves ⓘ | 1.92 | 4.45 | 5.43 | 6.13 | 6.22 | 3.75 | 3.07 | 3.59 | 4.13 | 4.36 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 9.75 | 8.76 | 8.75 | 2.21 | 4.51 | 0.29 | 9.52 | 3.90 | 6.12 | 6.15 |
| Long Term Debt | 1.82 | 1.79 | 0.11 | 0.25 | 0.12 | 0 | 0 | 0.64 | 0.46 | 0.51 |
| Short Term Debt | 7.93 | 6.97 | 8.64 | 1.96 | 4.40 | 0.29 | 9.52 | 3.26 | 5.66 | 5.63 |
| Trade Payables | 4.61 | 0.89 | 4.34 | 4.57 | 0.16 | 0.33 | 1.01 | 1.15 | 2.06 | 0.95 |
| Others Liabilities ⓘ | 7.50 | 7.74 | 7.51 | 15.70 | 14.59 | 16.62 | 5.81 | 15.51 | 15.16 | 15.13 |
| Total Liabilities ⓘ | 28.91 | 26.97 | 31.14 | 33.73 | 30.60 | 26.12 | 24.55 | 29.28 | 32.59 | 31.71 |
Fixed Assets | ||||||||||
| Gross Block | 9.82 | 9.49 | 2.65 | 3.02 | 3.08 | 3 | 3.07 | 3.92 | 4.08 | 3.80 |
| Accumulated Depreciation | 7.53 | 7.59 | 0.18 | 0.50 | 0.79 | 1.09 | 1.35 | 1.61 | 1.70 | 1.50 |
| Net Fixed Assetsⓘ | 2.29 | 1.90 | 2.47 | 2.52 | 2.29 | 1.91 | 1.72 | 2.32 | 2.39 | 2.30 |
| CWIP ⓘ | 0 | 0.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 9.73 | 8.51 | 9.32 | 10 | 9.44 | 8.55 | 8.67 | 12.31 | 15.44 | 14.44 |
| Trade Receivables | 14.11 | 13.90 | 17.42 | 18.23 | 13.79 | 12.56 | 11.98 | 13.49 | 13.55 | 12.99 |
| Cash Equivalents | 1.17 | 0.83 | 0.32 | 1.57 | 3.61 | 1.84 | 1.23 | 0.09 | 0.06 | 0.29 |
| Others Assetsⓘ | 1.61 | 1.65 | 1.62 | 1.41 | 1.47 | 1.27 | 0.94 | 1.07 | 1.16 | 1.69 |
| Total Assets ⓘ | 28.91 | 26.97 | 31.14 | 33.73 | 30.60 | 26.12 | 24.55 | 29.28 | 32.59 | 31.71 |
| 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 ⓘ | -4.53 | -1.78 | 0.72 | 0.67 | 0.41 | -0.31 | 0.58 | -4.01 | -1.61 | 0.81 |
| PBT ⓘ | 5.88 | 3.45 | 1.50 | 1.07 | 0.01 | -2.48 | 0.11 | 0.88 | 0.38 | 0.09 |
| Adjustment ⓘ | 1.21 | 0.43 | 0.73 | 0.79 | 0.91 | 0.12 | 0.16 | 0.31 | 0.71 | 0.62 |
| Changes in Working Capital ⓘ | -10.59 | -4.71 | -1.04 | -0.84 | -0.49 | 2.05 | 1.1 | -4.84 | -2.82 | 0.1 |
| Tax Paid ⓘ | -1.02 | -0.95 | -0.47 | -0.35 | -0.02 | 0 | -0.79 | -0.36 | 0.13 | 0 |
| Cash Flow From Investing Activity ⓘ | 0.08 | 0.03 | -0.66 | 7.59 | -0.03 | 2.61 | -10.53 | -0.83 | -0.29 | 0.01 |
| Capex | -0.02 | -0.05 | -0.79 | -0.39 | -0.11 | 0.05 | -0.03 | -0.89 | -0.34 | -0.06 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.11 | 0.08 | 0.13 | 7.97 | 0.08 | 2.57 | -10.50 | 0.06 | 0.05 | 0.07 |
| Cash Flow From Financing Activityⓘ | 3.98 | 1.41 | -0.57 | -7.01 | 1.66 | -4.08 | 9.34 | 3.70 | 1.86 | -0.58 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.19 | 2.52 | -1.67 | 0.14 | -0.14 | -0.04 | 0 | 0.64 | -0.18 | 0.06 |
| Interest Paid ⓘ | -1.03 | -0.86 | -0.58 | -0.49 | -0.68 | -0.05 | -0.04 | -0.11 | -0.52 | -0.59 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 5.20 | -0.24 | 1.68 | -6.67 | 2.48 | -3.99 | 9.38 | 3.17 | 2.56 | -0.05 |
| Net Cash Flow ⓘ | -0.46 | -0.33 | -0.51 | 1.25 | 2.05 | -1.78 | -0.61 | -1.14 | -0.03 | 0.23 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 100.28 | 30.43 | 11.69 | 6.42 | 0.81 | -24.35 | -7.98 | 6.16 | 6.3 | 3.02 |
| ROCE (%) | 57.41 | 24.55 | 12.67 | 9.51 | 4.73 | -19.46 | 1.15 | 6.57 | 6.39 | 4.31 |
| Asset Turnover Ratio | 3.39 | 3 | 2.77 | 2.79 | 2.53 | 1.79 | 2.05 | 2.87 | 2.98 | 2.22 |
| PAT to CFO Conversion(x) | -0.94 | -0.7 | 0.61 | 0.96 | 4.56 | N/A | N/A | -7.71 | -2.82 | 2.89 | Working Capital Days |
| Receivable Days | 54 | 61 | 71 | 72 | 72 | 95 | 86 | 60 | 54 | 68 |
| Inventory Days | 34 | 40 | 40 | 39 | 44 | 65 | 60 | 50 | 55 | 76 |
| Payable Days | 36 | 16 | 14 | 21 | 13 | 2 | 6 | 6 | 7 | 9 |
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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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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