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Remi Edelstahl Tubulars Ltd Stock Analysis

Small Cap
Evaluated by 46 users | BSE: 513043 | NSE: |
Steel & Iron Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.92%7.68%5.81%4.32%4.8%-2.14%-3.27%-0.27%3.21%3.68%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 12918216212217210166.259.6125105
Y-o-Y Gr. Rt.-40.6%-10.8%-24.4%40.7%-41.5%-34.4%-10%109.1%-15.6%
Adjusted EPS (Rs.) 1.551.831.34-0.45-1.24-7.31-5.05-2.15-0.150.19
Y-o-Y Gr. Rt.-18.1%-26.8%-133.6%NANANANANANA
Book Value per Share (Rs.) 45.446.7348.747.6147.5541.4439.1637.4437.637.62
Adjusted Net Profit 1.51.81.3-0.4-1.2-7.3-5.5-2.4-0.20.2
Net Op. Cash Flow (Rs. Cr.) -13.5-3.614.6-4.6-817.15.6-147.115.8
Debt to Cash Flow from Ops -3.9-17.973.84-14.26-8.642.816.01-3.646.211.81
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Remi Edelstahl Tubulars Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2.3%-9.4%16.7%-15.6%
Adjusted EPS -20.8%NANANA
Book Value per Share -2.1-4.6-1.30.1
Share Price 3.9% -1.9% -15.1% 84.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 3.453.962.82-0.93-2.65-16.42-13.14-5.63-0.390.49
Operating Profit Margin (%) 6.416.866.426.456.24-0.75-3.185.376.287.09
Net Profit Margin (%) 1.150.960.8-0.35-0.72-7.23-8.38-3.97-0.130.19
Debt to Equity 1.211.461.21.431.451.160.781.241.060.69
Working Capital Days 179160176223171257272331185194
Cash Conversion Cycle 117106114148122187212249132137
Entity Percentage Holding
Promoters 62.43%
Institutions 0.09%
Non-Institutions 37.48%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Remi Edelstahl Tubulars Ltd's performance infers:

Remi Edelstahl Tubulars Ltd earnings have grown by 0%, whereas share price has depreciated -1.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Remi Edelstahl Tubulars Ltd share prices over the last 10 years. Here is what we found out:

Remi Edelstahl Tubulars Ltd share price has depreciated 1.1% annually over the past ten years.

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

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 company’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

Achievements/ recognition:

  • ISO 9001-2000 company with complete range of products.
  • I B R Approval.
  • AD 2000-Merkblatt WO / TRD 100 Directive 97/23/EC from TUV.
  • PED Approval for Export to Europe for high Pressure Application.
  • EIL Approval for ASTM A-358 Class-I Pipes.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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