Is Remi Edelstahl Tubulars a good quality company?

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

Is Remi Edelstahl Tubulars undervalued or overvalued?

The key valuation ratios of Remi Edelstahl Tubulars Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Remi Edelstahl Tubulars share price return in the past 10 years?

Remi Edelstahl Tubulars Ltd share price has appreciated 26% annually (CAGR) over the past ten years.

Is Remi Edelstahl Tubulars a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Remi Edelstahl Tubulars Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Remi Edelstahl Tubulars?

The latest standalone P/E ratio of Remi Edelstahl Tubulars as of 26-Apr-2024 is 607.14.

What is the P/B ratio of Remi Edelstahl Tubulars?

The latest standalone P/B ratio of Remi Edelstahl Tubulars as of 26-Apr-2024 is 2.49.

What is the 52-week high and low of Remi Edelstahl Tubulars?

The 52-week high of Remi Edelstahl Tubulars is Rs. 114.00 and the 52-week low is Rs. 30.25.

Remi Edelstahl Tubulars Ltd - Stock Valuation and Financial Performance

Name: Remi Edelstahl Tubulars
Brand: Remi Edelstahl Tubulars

BSE: 513043 | NSE: | Steel & Iron Products | Small Cap

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Remi Edelstahl Tub. Share Price

₹97 0.27 0.28%
as on 26-Apr'24 16:01

10 Year X-Ray of Remi Edelstahl Tub.:

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

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	4.3%	4.8%	-2.1%	-3.3%	-0.3%	3.2%	3.7%	2.3%	2.7%	2.5%	-
Value Creation Index ⓘ	-0.7	-0.7	-1.2	-1.2	-1.0	-0.8	-0.7	-0.8	-0.8	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	122	172	101	66.2	59.6	125	105	82.2	106	135	115
Sales YoY Gr.	-	40.7%	-41.5%	-34.4%	-10%	109.1%	-15.6%	-21.8%	28.4%	27.7%	-
Adj EPS ⓘ	-0.5	-1.2	-7.3	-5.1	-2.2	-0.2	0.2	0.3	0.6	0.1	0.2
YoY Gr.	-	NA	NA	NA	NA	NA	NA	57.9%	93.3%	-81%	-
BVPS (₹) ⓘ	47.6	47.6	41.4	39.2	37.4	37.6	37.6	37.9	38.3	38.5	38.4
Adj Net Profit ⓘ	-0.4	-1.2	-7.3	-5.5	-2.4	-0.2	0.2	0.3	0.6	0.1	0
Cash Flow from Ops. ⓘ	-4.6	-8	17.1	5.6	-14	7.1	18.6	-4.6	5.2	8.3	-
Debt/CF from Ops. ⓘ	-14.3	-8.6	2.8	6	-3.6	6.2	1.5	-7.9	6	2.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.1%	17.7%	8.6%	27.7%
Adj EPS ⓘ	NA	NA	-16.7%	-81%
BVPSⓘ	-2.3%	0.6%	0.8%	0.5%
Share Price	26%	31%	67.3%	142.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-0.9	-2.7	-16.4	-13.1	-5.6	-0.4	0.5	0.8	1.5	0.3	0.4
Op. Profit Mgn % ⓘ	6.5	6.2	-0.8	-3.2	5.4	6.3	7.1	6.4	5.9	4	4.4
Net Profit Mgn % ⓘ	-0.4	-0.7	-7.2	-8.4	-4	-0.1	0.2	0.4	0.6	0.1	0.2
Debt to Equity ⓘ	1.4	1.5	1.2	0.8	1.2	1.1	0.7	0.9	0.7	0.6	-
Working Cap Days ⓘ	223	171	257	272	331	185	194	230	199	157	85
Cash Conv. Cycle ⓘ	148	122	187	212	249	132	137	178	154	120	44

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.57

Return on Equity has declined versus last 3 years average to 0.40%

Sales growth has been subdued in last 3 years 8.63%

Net Profit has been subdued in last 3 years -16.65%

Sales growth is not so good in last 4 quarters at -15.55%

Latest Financials - Remi Edelstahl Tubulars Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.2	-
TTM Sales (₹ Cr.)	115	-
BVPS (₹.) ⓘ	38.4	-
Reserves (₹ Cr.) ⓘ	31	-
P/BV ⓘ	2.49	-
PE ⓘ	607.14	-

From the Market
52 Week Low / High (₹)	30.25 / 114.00
All Time Low / High (₹)	0.55 / 120.88
Market Cap (₹ Cr.)	105
Equity (₹ Cr.)	11
Face Value (₹)	10
Industry PE ⓘ	27.4

Management X-Ray of Remi Edelstahl Tub.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Remi Edelstahl Tub.

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Remi Edelstahl Tub.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	122	172	101	66	60	125	105	82	106	135
Operating Expenses ⓘ	116	162	102	68	56	117	98	77	99	129
Manufacturing Costs	12	14	12	8	10	15	10	10	13	14
Material Costs	87	129	75	50	37	92	77	58	74	103
Employee Cost	7	8	8	6	6	7	7	7	8	8
Other Costs ⓘ	10	11	7	5	3	4	4	3	4	4
Operating Profit ⓘ	6	10	-1	-2	3	8	7	5	6	5
Operating Profit Margin (%)	5.1%	5.9%	-0.8%	-3.4%	5.3%	6.3%	7.0%	6.2%	5.9%	4.0%
Other Income ⓘ	3	2	4	3	2	2	1	1	2	1
Interest ⓘ	7	10	7	4	3	4	4	2	2	2
Depreciation ⓘ	3	5	5	5	5	5	5	4	4	4
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-2	-2	-9	-8	-3	0	0	0	2	0
Tax ⓘ	-1	-1	-3	-3	-1	0	0	0	1	0
Profit After Tax	-1	-2	-6	-4	-2	0	0	0	1	0
PAT Margin (%)	-0.9%	-1.0%	-6.0%	-6.6%	-3.3%	0.1%	0.1%	0.3%	0.6%	0.1%
Adjusted EPS (₹)	-1.1	-1.7	-6.1	-4.0	-1.8	0.1	0.1	0.2	0.6	0.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	46	47	41	43	41	41	41	42	42	42
Share Capital ⓘ	10	10	10	11	11	11	11	11	11	11
Reserves ⓘ	36	37	31	32	30	30	30	31	31	31
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	61	66	47	33	50	43	28	35	31	24
Long Term Debt	24	22	26	16	28	28	22	22	18	11
Short Term Debt	37	44	21	17	22	15	6	13	13	13
Trade Payables	11	15	9	6	5	12	6	4	11	10
Others Liabilities ⓘ	21	18	13	11	7	11	12	8	8	8
Total Liabilities ⓘ	138	146	110	93	103	108	88	89	92	83
Fixed Assets
Gross Block	80	83	84	85	86	86	89	90	90	91
Accumulated Depreciation	26	32	36	41	46	50	55	59	63	66
Net Fixed Assetsⓘ	54	52	48	44	41	36	34	31	28	24
CWIP ⓘ	1	0	0	0	0	1	0	0	0	0
Investmentsⓘ	1	1	1	0	0	0	0	0	0	0
Inventories	52	62	38	30	31	34	28	23	35	31
Trade Receivables	20	19	17	12	21	21	15	25	21	23
Cash Equivalents	1	2	2	1	1	6	6	1	5	2
Others Assetsⓘ	10	10	5	5	10	9	4	8	3	3
Total Assets ⓘ	138	146	110	93	103	108	88	89	92	83

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-5	-8	17	6	-14	7	19	-5	5	8
PBT ⓘ	-2	-2	-9	-8	-3	0	0	0	2	0
Adjustment ⓘ	9	12	8	5	6	7	7	5	5	6
Changes in Working Capital ⓘ	-5	-10	24	10	-15	3	12	-10	-1	2
Tax Paid ⓘ	0	0	0	1	0	0	0	0	-1	0
Cash Flow From Investing Activity ⓘ	-6	-2	2	1	1	0	-1	0	0	0
Capex	-5	-3	-1	-2	-1	-1	-2	-1	-1	-1
Net Investments	-1	0	2	2	1	0	0	0	0	0
Others ⓘ	0	1	1	1	1	1	1	1	0	0
Cash Flow From Financing Activityⓘ	10	11	-19	-7	18	-6	-17	5	-1	-11
Net Proceeds from Shares ⓘ	0	4	0	10	5	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-1	-2	4	-15	8	0	0	0	-4	-8
Interest Paid ⓘ	0	0	0	0	0	0	-3	-1	-2	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	11	9	-23	-2	5	-7	-15	6	4	-2
Net Cash Flow ⓘ	0	0	0	0	4	0	0	0	4	-3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-2.26	-3.64	-13.72	-10.38	-4.61	0.28	0.35	0.52	1.54	0.35
ROCE (%)	5.27	6.28	-1.6	-4.61	0.12	5.35	5.21	2.92	5.34	3.69
Asset Turnover Ratio	0.98	1.3	0.84	0.71	0.62	1.18	1.07	0.93	1.17	1.54
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	5	N/A
Working Capital Days
Receivable Days	63	38	60	72	99	62	63	90	80	60
Inventory Days	130	112	170	174	186	96	108	114	100	90
Payable Days	60	36	57	53	51	34	44	35	38	36

Remi Edelstahl Tubulars Ltd Stock News

Remi Edelstahl Tubulars Ltd FAQs

What is the share price of Remi Edelstahl Tub.?

Company share prices are keep on changing according to the market conditions. The closing price of Remi Edelstahl Tub. on 26-Apr-2024 16:01 is ₹97.00.

What is the market cap of Remi Edelstahl Tub.?

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 26-Apr-2024 16:01 the market cap of Remi Edelstahl Tub. stood at ₹105.0.

What is the P/E ratio of Remi Edelstahl Tub.?

The latest P/E ratio of Remi Edelstahl Tub. as of 26-Apr-2024 16:01 is 607.1.

What is the P/B ratio of Remi Edelstahl Tub.?

The latest P/B ratio of Remi Edelstahl Tub. as of 26-Apr-2024 16:01 is 2.49.

What is the 52-week high and low of Remi Edelstahl Tub.?

The 52-week high of Remi Edelstahl Tub. is ₹114.0 and the 52-week low is ₹30.25.

What is the TTM revenue of Remi Edelstahl Tub.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Remi Edelstahl Tub. is ₹115.4 ( Cr.) .

About Remi Edelstahl Tubulars Ltd

Rajendra Mechanical Industries Ltd. (RMIL), a Remi Group company started operation in 1970 under co-operation agreement with Kobe Steel - Japan. It is the largest manufacturer of stainless steel welded and seamless pipes/ tubes and the only organization in India in this field to have ISO-9002 certification. Remi's manufacturing plant is equipped with the latest equipment, technology and expertise to deliver quality products to our customers. Remi products have been used extensively in critical process industries such as refineries, petrochemicals, paper and pulp, fertilizers, pharmaceuticals, nuclear plants, etc.

The companyâ€™s products have been working satisfactorily for years in the world of refineries, petrochemicals, fertilizers, pharmaceuticals, paper & pulp industries, critical applications of nuclear plants. Repeat orders from most of the clients is a testimony to the confidence generated with our valued customers. Meeting customer requirement and customer satisfaction is the main goal for 'Remi'. Inspection department is obviously no exception to this.

The manufacturing facility of the company is spread over 14 acres of land with cover area of .25 million square feet at, Tarapur, an industrial township in Maharashtra (160 km from Mumbai). Equipped with modern production facilities and with latest generation testing equipments and Laboratory.

Product range of the company includes:

Welded Tubes
Welded Pipes
Seamless Pipes
Cold Drawn Seamless Tubes

Milestones

1970: Ventured into manufacturing of Welded Stainless steel pipes in technical collaboration with Kobe Steel of Japan.
1975: Established Remi International (Registered export house) for export of products manufactured by group companies.
1980: Established Remi Sales & Engineering Ltd., Marketing hub for all the products under Remi Group
1982: Ventured into manufacturing of industrial mixers, agitators, oil drilling equipments.
1983-85: Introduced blood banking instruments.
1989: Fans & domestic mixer manufacturing plant setup at Mahad.
1992: Tarapur stainless steel pipe plant put up with an area of 50,000 sq. mtrs.
1993-94: Remi Metal Gujarat Ltd. plant set up (450,000 sq. mtrs.) at Ankleshwar, Gujarat.
1994-95: Fan manufacturing plant at Mahad capacity increased threefold.
1995: Rajendra Mechanical Industries Ltd, Tarapur awarded ISO 9001.
1997: Remi Process Plant & Machineries Ltd. awarded ISO 9001.
1998: Rajendra Electrical Industries Ltd. awarded ISO 9001.
2002 Ventured in wind mill buisness & have installed 0.75 MW of wind mill in Dhuia District for its captive use
2003: Popular models of centrifuges, shakers & mixers available with CE Mark.
2003: Remi International (Export Division) awarded ISO 9001
2004: Remi Instruments Ltd. awarded ISO 9001
2004: Three phase induction motors available with CE mark.
2005: OE manufacturer & supplier to foreign brands for laboratory instruments.
2006: Laboratory instruments & electric motors manufacturing units shifting to new facility.
2006: complete Stainless Steel/Titanium condenser Tube Manufacturing Line added in Tarapur Plant.
2006: Install additional 3.150 MW of wind mill in Dhulia District Maharashtra for sale to electric board