Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Marutinandan Tubes Ltd is a below average quality company.
The key valuation ratios of Shree Marutinandan Tubes Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shree Marutinandan 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 11.4% | 10.1% | 40.5% | 24% | - |
| Value Creation Index ⓘ | -0.2 | -0.3 | 1.9 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 35.6 | 47.1 | 47.2 | 91.8 | 92 |
| Sales YoY Gr. | - | 32.3% | 0.1% | 94.6% | - |
| Adj EPS ⓘ | 0.5 | 0.2 | 8.2 | 7.5 | 7.6 |
| YoY Gr. | - | -55.6% | 3316.7% | -8.2% | - |
| BVPS (₹) ⓘ | 2.4 | 2.7 | 10.9 | 55.3 | 55.3 |
| Adj Net Profit ⓘ | 0.1 | 0.1 | 2 | 2.6 | 3 |
| Cash Flow from Ops. ⓘ | -2.7 | 2.7 | -0.4 | -7.1 | - |
| Debt/CF from Ops. ⓘ | -2.8 | 2.4 | -16.3 | -0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 37.1% | 94.6% | ||||
| Adj EPS ⓘ | NA | NA | 140.7% | -8.2% | ||||
| BVPSⓘ | NA | NA | 183% | 408.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 22.2 | 9.5 | 120.9 | 23.9 | 13.7 |
| Op. Profit Mgn % ⓘ | 1.8 | 1.6 | 7.4 | 4.4 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 0.1 | 4.3 | 2.8 | 2.9 |
| Debt to Equity ⓘ | 12.9 | 9.7 | 2.7 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 96 | 108 | 91 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 40 | 56 | 58 | 0 |
Sales growth is growing at healthy rate in last 3 years 37.07%
Net Profit is growing at healthy rate in last 3 years 140.70%
Debt to equity has declined versus last 3 years average to 0.31
Return on Equity has declined versus last 3 years average to 13.70%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.6 | - |
| TTM Sales (₹ Cr.) | 91.8 | - |
| BVPS (₹.) ⓘ | 55.3 | - |
| Reserves (₹ Cr.) ⓘ | 16 | - |
| P/BV ⓘ | 2.82 | - |
| PE ⓘ | 20.54 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 150.00 / 454.95 |
| All Time Low / High (₹) | 150.00 / 454.95 |
| Market Cap (₹ Cr.) | 54 |
| Equity (₹ Cr.) | 3.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 35.64 | 47.14 | 47.17 | 91.78 |
| Operating Expenses ⓘ | 35 | 46.37 | 43.69 | 87.70 |
| Manufacturing Costs | 0.07 | 0.20 | 0.07 | 0.16 |
| Material Costs | 34.50 | 45.59 | 42.99 | 86.30 |
| Employee Cost | 0.18 | 0.14 | 0.14 | 0.28 |
| Other Costs ⓘ | 0.25 | 0.43 | 0.49 | 0.97 |
| Operating Profit ⓘ | 0.63 | 0.77 | 3.48 | 4.08 |
| Operating Profit Margin (%) | 1.8% | 1.6% | 7.4% | 4.4% |
| Other Income ⓘ | 0.34 | 0.04 | 0.06 | 0.15 |
| Interest ⓘ | 0.72 | 0.65 | 0.70 | 0.62 |
| Depreciation ⓘ | 0.02 | 0.04 | 0.11 | 0.08 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0.03 |
| Profit Before Tax ⓘ | 0.23 | 0.13 | 2.73 | 3.56 |
| Tax ⓘ | 0.09 | 0.07 | 0.71 | 0.93 |
| Profit After Tax | 0.13 | 0.06 | 2.02 | 2.63 |
| PAT Margin (%) | 0.4% | 0.1% | 4.3% | 2.9% |
| Adjusted EPS (₹) | 0.5 | 0.2 | 8.2 | 7.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.60 | 0.66 | 2.68 | 19.14 | ||||||
| Share Capital ⓘ | 0.21 | 0.21 | 0.21 | 3.46 | ||||||
| Reserves ⓘ | 0.39 | 0.45 | 2.47 | 15.68 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 7.62 | 6.20 | 6.94 | 5.76 | ||||||
| Long Term Debt | 2.94 | 2.75 | 2.10 | 1.67 | ||||||
| Short Term Debt | 4.68 | 3.45 | 4.84 | 4.09 | ||||||
| Trade Payables | 4.24 | 5.41 | 5.19 | 6.28 | ||||||
| Others Liabilities ⓘ | 0.52 | 0.56 | 1.35 | 1.49 | ||||||
| Total Liabilities ⓘ | 12.98 | 12.83 | 16.15 | 32.67 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0.16 | 0.51 | 0.52 | 0.54 | ||||||
| Accumulated Depreciation | 0.10 | 0.13 | 0.24 | 0.22 | ||||||
| Net Fixed Assetsⓘ | 0.07 | 0.38 | 0.28 | 0.32 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 1.49 | 4.45 | 6.39 | 7.40 | ||||||
| Trade Receivables | 8 | 5.76 | 8.88 | 18.50 | ||||||
| Cash Equivalents | 0.05 | 0.44 | 0.03 | 2.20 | ||||||
| Others Assetsⓘ | 3.38 | 1.79 | 0.57 | 4.25 | ||||||
| Total Assets ⓘ | 12.98 | 12.83 | 16.15 | 32.67 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2.73 | 2.69 | -0.44 | -7.06 |
| PBT ⓘ | 0.23 | 0.13 | 2.73 | 3.56 |
| Adjustment ⓘ | 0.75 | 0.68 | 0.81 | 0.67 |
| Changes in Working Capital ⓘ | -3.58 | 1.94 | -3.26 | -10.36 |
| Tax Paid ⓘ | -0.11 | -0.06 | -0.72 | -0.93 |
| Cash Flow From Investing Activity ⓘ | -0.01 | -0.35 | -0.01 | -0.08 |
| Capex | -0.01 | -0.35 | -0.01 | -0.08 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2.56 | -1.96 | 0.04 | 9.31 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1.31 | -0.19 | -0.65 | -0.43 |
| Interest Paid ⓘ | -0.72 | -0.65 | -0.70 | -0.62 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.97 | -1.12 | 1.39 | 10.36 |
| Net Cash Flow ⓘ | -0.18 | 0.39 | -0.41 | 2.17 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 22.17 | 9.54 | 120.92 | 24.12 | ||||||
| ROCE (%) | 11.38 | 10.07 | 40.52 | 23.96 | ||||||
| Asset Turnover Ratio | 2.75 | 3.65 | 3.26 | 3.76 | ||||||
| PAT to CFO Conversion(x) | -21 | 44.83 | -0.22 | -2.68 | Working Capital Days | |||||
| Receivable Days | 82 | 53 | 57 | 54 | ||||||
| Inventory Days | 15 | 23 | 42 | 27 | ||||||
| Payable Days | 45 | 39 | 45 | 24 | ||||||
Shree Marutinandan Tubes was originally incorporated as Private Limited, under the Companies Act, 1956 (Companies Act) in the name and style of ‘Shree Marutinandan Tubes Private Limited’ on March 12, 2013 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat. Later on, company was converted into public limited company, the name of the Company has changed to ‘Shree Marutinandan Tubes Limited’ and for the same fresh Certificate of Incorporation dated June 22, 2023 was issued by the Registrar of Companies, Ahmedabad, Gujarat.
The company is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15 NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Its products have wide application in varied industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.
It has independent sales and distribution networks for its products. A substantial majority of its steel pipes are sold to wholesalers & Distributors in the domestic markets. It procures Steel Pipes from the best manufacturers in steel pipes at domestic level. It has a procurement policy and generally purchase in large volumes in order to stock and facilitate on time delivery of products to its end customers. The company is a well-established Company that has made a significant mark in the trading of steel tubes and pipes. However, from FY 2023, it has taken a strategic step of forward integration to expand its business horizons and diversify its offerings. To achieve this, it has decided to accord with its group company, Shree Kamdhenu Machinery, for the contract manufacturing of agricultural equipment. This move enables it to provide a broader range of products to its clients, catering to the growing demand for agricultural machinery and equipment in the market.
Business area of the company
The company is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round, square and rectangular hollow sections) Black Pipes and Solar Structural Pipes in various specifications, sizes ranging from 15NB to 500 NB.
Products of the company
History and milestones
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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.
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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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