Rathi Bars Ltd - Stock Valuation and Financial Performance

BSE: 532918 | NSE: | Steel & Iron Products | Small Cap

Rathi Bars Ltd Share Price

44.50 -1.00 -2.20%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Rathi Bars

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Rathi Bars stock performance -

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P/E Ratio (SA):
28.12
Market Cap:
72.7 Cr.
52-wk low:
19
52-wk high:
56.4

Is Rathi Bars Ltd an attractive stock to invest in?

1. Is Rathi Bars Ltd a good quality company?

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

2. Is Rathi Bars Ltd undervalued or overvalued?

The key valuation ratios of Rathi Bars Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rathi Bars Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rathi Bars 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 Rathi Bars:

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.
Rathi Bars 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.6%2.3%3.2%2.2%3%3%4.5%3.7%4.1%4%-
Value Creation
Index
-0.7-0.8-0.8-0.8-0.8-0.8-0.7-0.7-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 272237209186247410383324494482482
Sales YoY Gr.--12.9%-11.5%-11.3%32.9%66%-6.5%-15.5%52.5%-2.3%-
Adj EPS 1.1-0.10.90.50.91.21.71.41.81.61.6
YoY Gr.--106.3%NA-45.1%72%36.1%42.7%-15%23.2%-9.7%-
BVPS (₹) 45.245.346.246.847.648.950.45253.855.357.1
Adj Net
Profit
1.8-0.11.50.81.41.92.72.32.92.63
Cash Flow from Ops. 13.95.714.7-2.69.6-0.92.23.1-9.43-
Debt/CF from Ops. 2.55.41.6-5.71.3-32.618.615.5-6.923.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%14.4%8%-2.3%
Adj EPS 4%12.9%-1.8%-9.7%
BVPS2.3%3%3.1%2.9%
Share Price 32% 25.2% 33.3% 108.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.5-0.221.11.82.43.42.83.32.92.8
Op. Profit
Mgn %
34.23.53.632.13.13.72.73.12.9
Net Profit
Mgn %
0.7-0.10.70.40.60.50.70.70.60.50.5
Debt to
Equity
0.50.40.30.20.20.40.50.60.70.8-
Working Cap
Days
941111261361076881107829817
Cash Conv.
Cycle
586876766042537156658

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.80

Sales growth is good in last 4 quarters at 48.28%

Return on Equity has declined versus last 3 years average to 2.80%

Sales growth has been subdued in last 3 years 7.99%

Net Profit has been subdued in last 3 years -1.83%

Latest Financials - Rathi Bars Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 -
TTM Sales (₹ Cr.) 482 -
BVPS (₹.) 57.1 -
Reserves (₹ Cr.) 77 -
P/BV 0.78 -
PE 28.12 -
From the Market
52 Week Low / High (₹) 19.00 / 56.42
All Time Low / High (₹) 1.98 / 56.42
Market Cap (₹ Cr.) 72.7
Equity (₹ Cr.) 16.3
Face Value (₹) 10
Industry PE 25

Management X-Ray of Rathi Bars:

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 Rathi Bars

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Rathi Bars Ltd Stock News

Rathi Bars Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rathi Bars on 23-Feb-2024 16:59 is ₹44.50.
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 23-Feb-2024 16:59 the market cap of Rathi Bars stood at ₹72.67.
The latest P/E ratio of Rathi Bars as of 23-Feb-2024 16:59 is 28.12.
The latest P/B ratio of Rathi Bars as of 23-Feb-2024 16:59 is 0.78.
The 52-week high of Rathi Bars is ₹56.42 and the 52-week low is ₹19.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rathi Bars is ₹482.4 ( Cr.) .

About Rathi Bars Ltd

Rathi Bars, incorporated in 1993, is promoted by Shree Kamlesh Kumar Rathi. The company started with a re-rolling mill that had a production capacity of 369 kilogram per day. Today company is produces high strength steel bars for the secondary steel sector of India.

It is exclusive licensee for Thermex steel bars for entire northern India. The state-of-the-art patented Thermex water quenching process makes the steel earthquake-resistant.

The products manufactured by company have been used in landmarks projects like the Chhattarpur Mandir Complex in New Delhi, Lotus Temple in New Delhi, LIC Building in New Delhi, Delhi Metro Rail Corporation in New Delhi, Atomic Power Station, Narora Uttar Pradesh, Tehri Dam, Garhwal and many more.

Rathi markets its product under the brand name ‘Rathi Shaktiman’. The company operates two state-of-the-art manufacturing plants in north India. The plant consists of steel rolling mills having an installed capacity of 1,25,000 TPA, wire rod mill and steel melting shop with 40,000 TPA comprising of induction furnace, continuous casting machine and other facilities for manufacturing high end value- added alloy steel products.

Rathi Bars has network of 900 dealers across India. Its products and manufacturing process have received global quality certifications such as IS1786/1985, Grade Fe-415, Fe-500, ISO 14000 and ISO 9001.

Milestone

  • 10.08.1993 - Rathi Bars got incorporated under the Companies Act, 1956.
  • 18.03.1994 - The company was certified for commencement of business.
  • 27.07.1996 - Rathi Bars commenced commercial production.
  • 02.03.1998 - The company entered into an agreement with Rathi Research Centre for the use of the registered ‘RathiI’ trademark.
  • 08.06.1998 - Rathi Bars received the licence of (Bureau of Indian Standards) BIS 1786:1985 Certification to use ISI Mark.
  • 28.06.2000 - The company entered into an agreement with H&K Rolling Mill Engineers Private Limited for use patented ‘Thermex’ Technology by Henningsdorfer Stahl Engineering GmbH, Germany for production of the goods.
  • 21.09.2002 - Rathi Bars was awarded the certificate from H&K Rolling Mill Engineers Private Limited for use of ‘Thermex’ Technology for production of the goods.
  • 25.02.2003 - The company again entered into an agreement with H&K Rolling Mill Engineers Private Limited to use Thermex trademark.
  • 20.09.2004 - The company was honoured with certificate of recognition of organization’s quality system which complies with ISO 9001:2000 awarded by United Registrar of Systems Limited.
  • 29.03.2005 - Rathi Bars received the certificate of importer – exporter code (IEC No. 0504089846).
  • 01.10.2005 - The company entered into an agreement with Torsteel Research Foundation to use the trademark  TOR registered in India under No. 148618.
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