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PS Raj Steels Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: PSRAJ | Steel & Iron Products | Small Cap

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DeciZen - make an informed investing decision on PS Raj Steels

Overall Rating ⓘ
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

Somewhat Good
Check detailed 10 Yrs performace

2. Valuation

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Strong
Check Price chart

PS Raj Steels stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
15.56
Market Cap:
115.3 Cr.
52-wk low:
0
52-wk high:
0

Is PS Raj Steels Ltd an attractive stock to invest in?

1. Is PS Raj Steels Ltd a good quality company?

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

2. Is PS Raj Steels Ltd undervalued or overvalued?

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.

3. Is PS Raj Steels Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of PS Raj Steels Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of PS Raj Steels:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
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 ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'22Mar'23Mar'24TTM
ROCE % ⓘ16.3%15.6%22.1%-
Value Creation
Index ⓘ		0.20.10.6-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ180225298266
Sales YoY Gr.-25.4%32.1%-
Adj EPS ⓘ6.56.711.59.8
YoY Gr.-2.8%70.8%-
BVPS (₹) ⓘ37.744.455.349.7
Adj Net
Profit ⓘ		3.63.76.37
Cash Flow from Ops. ⓘ0.41.34.9-
Debt/CF from Ops. ⓘ41143.7-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA32.1%
Adj EPS ⓘNANANA70.8%
BVPSⓘNANANA24.5%
Share Price - - - -

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		17.416.42318.7
Op. Profit
Mgn % ⓘ		3.93.13.6NAN
Net Profit
Mgn % ⓘ		21.72.12.8
Debt to
Equity ⓘ		0.80.70.6-
Working Cap
Days ⓘ		090720
Cash Conv.
Cycle ⓘ		049410

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.58

Return on Equity has declined versus last 3 years average to 18.70%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - PS Raj Steels Ltd.

Standalone Consolidated
TTM EPS (₹) 9.8 8.4
TTM Sales (₹ Cr.) 266 298
BVPS (₹.) ⓘ 49.7 49.8
Reserves (₹ Cr.) ⓘ 30 30
P/BV ⓘ 3.08 3.07
PE ⓘ 15.56 18.13
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 115
Equity (₹ Cr.) 7.5
Face Value (₹) 10
Industry PE ⓘ 23.5

Management X-Ray of PS Raj Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Valuation of PS Raj Steels

Event Update

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Analyst's Notes

No data found!

Key Ratios of PS Raj Steels

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24
Sales180225298
Operating Expenses ⓘ 173218287
Manufacturing Costs91012
Material Costs160203268
Employee Cost 011
Other Costs ⓘ 456
Operating Profit ⓘ 7711
Operating Profit Margin (%) 3.9%3.1%3.6%
Other Income ⓘ 000
Interest ⓘ 112
Depreciation ⓘ 111
Exceptional Items ⓘ 000
Profit Before Tax ⓘ 558
Tax ⓘ 112
Profit After Tax 446
PAT Margin (%) 2.1%1.6%2.1%
Adjusted EPS (₹)6.76.711.5
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 212531
Share Capital ⓘ 111
Reserves ⓘ 202430
Minority Interest000
Debt171717
Long Term Debt420
Short Term Debt131516
Trade Payables5270
Others Liabilities ⓘ 354
Total Liabilities ⓘ 467452

Fixed Assets

Gross Block111212
Accumulated Depreciation778
Net Fixed Assetsⓘ 444
CWIP ⓘ 000
Investmentsⓘ 000
Inventories204422
Trade Receivables141415
Cash Equivalents 000
Others Assetsⓘ 71111
Total Assets ⓘ 467452

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 015
PBT ⓘ 558
Adjustment ⓘ 222
Changes in Working Capital ⓘ -5-4-5
Tax Paid ⓘ -1-1-1
Cash Flow From Investing Activity ⓘ 1-1-1
Capex 1-1-1
Net Investments 000
Others ⓘ 000
Cash Flow From Financing Activityⓘ -10-4
Net Proceeds from Shares ⓘ 000
Net Proceeds from Borrowing ⓘ -1-2-1
Interest Paid ⓘ -1-1-2
Dividend Paid ⓘ 000
Others ⓘ 13-1
Net Cash Flow ⓘ 000

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24
Ratios
ROE (%)17.8716.3723.04
ROCE (%)16.2515.5522.05
Asset Turnover Ratio3.943.784.75
PAT to CFO Conversion(x)00.250.83
Working Capital Days
Receivable Days292318
Inventory Days405240
Payable Days122918

PS Raj Steels Ltd Stock News

PS Raj Steels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing 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 01-Jan-1970 05:30 the market cap of PS Raj Steels stood at ₹115.3.
The latest P/E ratio of PS Raj Steels as of 01-Jan-1970 05:30 is 15.56.
The latest P/B ratio of PS Raj Steels as of 01-Jan-1970 05:30 is 3.08.
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 ₹266.3 ( Cr.) .

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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