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PS Raj Steels Ltd (PSRAJ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: PSRAJ Steel & Iron Products | Small Cap | PS Raj Steels Share Price

BSE Share Price
Not Listed

PS Raj Steels Ltd (PSRAJ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: PSRAJ Steel & Iron Products | Small Cap | PS Raj Steels Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹392 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹1.7
TTM Sales
₹298 Cr.
Book Value per Share
₹10
P/E Ratio
61.55
Higher than its 5-year historical median
Industry PE
25.4
Price to Book (P/B)
10.44
Higher than its 5-year historical median
Price to Sales (P/S)
1.32
Higher than its 5-year historical median
EV/EBITDA
37.78
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
23.18%
Outperforms industry median
Return on Capital Employed (ROCE)
22.07%
Outperforms industry median
Return on Assets (ROA)
10.15%
Operating Profit Margin
3.6%
Net Profit Margin
2.14%
Gross Profit Margin
3.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-10.57%
Operating Profit Growth (1 Year)
-
55.46%
Net Profit Growth (1 Year)
-
74.25%
Asset Quality
Promoter Holding
73.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹30 Cr.
Equity
₹7.5 Cr.
Face Value
₹2
All Time Low / High
₹0.00 / 0.00

PS Raj Steels stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is PS Raj Steels Ltd a good quality company?
PS Raj Steels Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does PS Raj Steels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of PS Raj Steels Ltd vs industry peers?
PS Raj Steels Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of PS Raj Steels Ltd?
Promoters hold 73.22% of the PS Raj Steels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of PS Raj Steels Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -53.36% based on the current price.

10 Year X-Ray :

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.
PS Raj Steels Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.3%15.6%22.1%19.3%-
Value Creation
Index
0.20.10.60.4-

Growth Parameters

Sales 180225298266266
Sales YoY Gr.-25.4%32.1%-10.6%-
Adj EPS 1.31.32.322.3
YoY Gr.-2.3%71.6%-14.4%-
BVPS (₹) 7.58.911.117.217.2
Adj Net
Profit
3.63.76.37.49
Cash Flow from Ops. 0.41.32.7-9.1-
Debt/CF from Ops. 41146.5-0.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA14%-10.6%
Adj EPS NANA14.6%-14.4%
BVPSNANA31.7%55.8%
Share Price - - - -55.1%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.416.42315.513.2
Op. Profit
Mgn %
3.93.13.64.6NAN
Net Profit
Mgn %
21.72.12.83.2
Debt to
Equity
0.80.70.60.1-
Working Cap
Days
09072790
Cash Conv.
Cycle
04941590

Valuation of PS Raj Steels - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'22Mar'23Mar'24
Sales180225298
Operating Expenses + 173218287
Manufacturing Costs333
Material Costs165210277
Employee Cost 111
Other Costs 455
Operating Profit 7711
Operating Profit Margin (%) 3.7%3.1%3.6%
Other Income + 000
Exceptional Items 000
Interest 112
Depreciation 111
Profit Before Tax 558
Tax 112
Profit After Tax 446
PAT Margin (%) 2.0%1.6%2.1%
Adjusted EPS (₹)1.31.32.3
Dividend Payout Ratio (%)0%0%0%
PARTICULARSMar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund + 212431
Share Capital 0.610.610.61
Reserves 202430
Debt +151717
Long Term Debt220
Short Term Debt131516
Minority Interest000
Trade Payables5270
Others Liabilities 454
Total Liabilities 467452

Fixed Assets

Net Fixed Assets +444
Gross Block111212
Accumulated Depreciation778
CWIP 000
Investments 000
Inventories204422
Trade Receivables141415
Cash Equivalents 000
Others Assets 71111
Total Assets 467452
PARTICULARSMar'22Mar'23Mar'24
Cash Flow From Operating Activity + 035
PBT 558
Adjustment 222
Changes in Working Capital -5-3-5
Tax Paid -1-1-1
Cash Flow From Investing Activity + 1-1-1
Capex 1-1-1
Net Investments -0-0-0
Others 0-0-0
Cash Flow From Financing Activity + -1-2-4
Net Proceeds from Shares 000
Net Proceeds from Borrowing -1-0-1
Interest Paid -1-1-2
Dividend Paid 000
Others 10-1
Net Cash Flow 0-00
PARTICULARSMar'22Mar'23Mar'24
Ratios
ROE (%)17.2916.2523.18
ROCE (%)15.7915.4322.07
Asset Turnover Ratio3.943.784.75
PAT to CFO Conversion(x)00.750.83
Working Capital Days
Receivable Days28.9022.8017.80
Inventory Days40.2051.9040.40
Payable Days11.3027.9017.80

Top 5 Mutual Funds Holding

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Announcements

PS Raj Steels Ltd FAQs

The current trading price of PS Raj Steels on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of PS Raj Steels stood at ₹391.6 Cr

The latest P/E ratio of PS Raj Steels as of 31-Dec-1969 is 45.63.

The latest P/B ratio of PS Raj Steels as of 31-Dec-1969 is 6.03.

The 52-week high of PS Raj Steels is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PS Raj Steels is ₹266 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that PS Raj Steels Ltd is a average quality company.

The key valuation ratios of PS Raj Steels 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 PS Raj Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About PS Raj Steels Ltd

PS Raj Steels Limited was originally incorporated as ‘P S Raj Steels Private Limited’ as a private limited company under the Companies Act, 1956 on November 09, 2004 pursuant to a Certificate of Incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter, the company was converted into a public limited company from a private limited company pursuant to a special resolution passed by the shareholders of the company on May 17, 2024 consequent to which the name of the company changed from ‘P S Raj Steels Private Limited’ to ‘P S Raj Steels Limited’ and a fresh Certificate of Incorporation was issued by the Registrar of Companies, NCT of Delhi and Haryana (RoC) on August 06, 2024.

PS Raj Steels is one of the growing and leading manufacturers & supplier of Stainless-Steel Pipes & Tubes in India. It takes pride in offering an extensive array of standard sizes and providing customized solutions tailored to customer preferences. This makes it one of the manufacturers in India to manufacture such wide range of product sizes. The company’s products serve a wide range of sectors for fabrication and industrial applications. Key sectors include railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing and heat exchanger etc. The company is selling goods to manufacturers as well as traders/stockits. These manufacturers produce goods for various industries like railways, rice plants, sugar mills, food processing, machinery equipment, decorative items, furniture and fixtures. Some of the items produced by these manufacturers include trolleys for airports made of SS pipes, pipes used in plant & machinery for sugar, rice, and food processing industries.

Business area of the company

The company is manufacturer and supplier of Stainless-Steel Pipes & Tubes in India. Its Product mainly includes Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes, Section Pipes and Slotted Pipes. 

Products of the company

  • Stainless steel OD pipes
  • Stainless steel NB pipes
  • Stainless steel square pipes
  • Stainless steel rectangular pipes
  • Stainless steel oval pipes
  • Stainless steel slotted pipes
  • Stainless steel coils & strips
  • Stainless steel sheets & plates

History and milestones

  • 2005-06: Commenced trading in stainless-steel.
  • 2006-07: Acquired land at V & P.O Talwandi Rukka, Hisar-125001, Haryana, India for setting up a manufacturing plant and began construction.
  • 2007-08: Purchased 2 tube mills and other machines to establish the production line.
  • 2008-09: Installed 3rd Tube Mill to the plant.
  • 2009-10: Installed two new tube mills to the plant.
  • 2010-11: Added two automatic polish machines and 2 tube mills to the plant.
  • 2011-12: Achieved around 1,411 MT in production.
  • 2013-14: Received Assurance Letter from POSCO for regular supply of raw materials.
  • 2014-15: Entered into new segment of NB Pipes by acquiring Stainless-steel tube mill for NB 8 pipe.
  • 2015-16: Completed construction of Building-2 at its manufacturing plant set-up already in 2006 at V & P.O Talwandi Rukka, Hisar-125001, Haryana, India and also installed Slitting-line Machines.
  • 2015-16: Achieved a turnover of more than Rs 50 crore.
  • 2015-16: Became a Gold Sponsor of the Indinox 2015 Exhibition in Ahmedabad, organized by the Indian Stainless Steel Development Authority (ISSDA).
  • 2016-17: Participated in the Stainless-Steel Pipe Expo at Pragati Maidan, New Delhi.
  • 2018-19: Received the IndiaMart Trust Seal.
  • 2018-19: Completed construction of Building-3 at its manufacturing plant set-up already in 2006 at V & P.O Talwandi Rukka, Hisar-125001, Haryana, India.
  • 2019-20: Achieved a turnover of more than Rs 100 crore.
  • 2019-20: Became a Gold Sponsor of the 10th Indian Stainless-steel Houseware Show in Hyderabad.
  • 2021-22: Received an Expression of Gratitude from Jindal Stainless Limited.
  • 2022-23: Awarded as top MOU Performer 2020-2022 in Greece by Jindal Stainless Limited.
  • 2023-24: Achieved a turnover of more than Rs 290 crore.
  • 2024-25: Conversion of the Company from private limited to public limited company consequently name of the Company changed from ‘P S Raj Steels Private Limited’ to ‘P S Raj Steels Limited’.

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