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Riddhi Steel And Tube logo

540082 - Riddhi Steel And Tube Share Price

₹20.5 -0.8  -3.5%

Last Trade - 17/09/21

Sector
Basic Materials
Size
Micro Cap
Market Cap £1.68m
Enterprise Value £12.0m
Revenue £32.3m
Position in Universe 2720th / 3148
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -15.1%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -41.3%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Mar 2016 2017 2018 2019 2020 2021 2022E 2023E CAGR / Avg
2,352 2,416 2,695 3,765 2,917 3,274 +6.8%
+5.1 -0.2 +18.1 +57.7 -38.6 -57.0
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the fiscal year ended 31 March 2021, RiddhiSteel and Tube Ltd revenues increased 12% to RS3.27B. Netincome decreased 57% to RS13.1M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Net income was offsetby Employee Benefits Expense increase of 57% to RS22.7M(expense), Interest on Bank OD increase of 11% to RS69.3M(expense).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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Consensus Estimate
1m Change
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
540082 EPS Forecasts Unlock 540082 Revenue
Profile Summary

RIDDHI STEEL AND TUBE LIMITED is engaged in manufacturing of black and galvanized steel pipes. The Company's principal business activities are manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. It manufactures mild steel electric resistance welded (MS ERW) steel pipes, galvanized pipes and pre-galvanized pipes. Its MS ERW and galvanized pipes are used in various applications, including water pipelines; industrial water lines, plant piping; agriculture and irrigation; deep tube-wells and casing pipes; solar, and pipe lines for natural gas. Its galvanized pipes are used in various applications, including milk booths; cabins; bus stands; pallets, guard rails, staircases; cranes, hand railings, trolleys; airport; fencing poles hydraulic platforms, and material storage racks. Its pre-galvanized pipes are used in various applications, including road barriers, green houses, sports facilities, parking lots, industrial gates and carports.

Directors
Last Annual March 31st, 2021
Last Interim March 31st, 2021
Incorporated September 7, 2001
Public Since September 14, 2016
No. of Shareholders: n/a
No. of Employees: n/a
Sector Basic Materials
Industry Metals & Mining
Index
Exchange Bombay Stock Exchange
Shares in Issue 8,290,252
Free Float (0.0%)
Eligible for
ISAs
SIPPs
540082 Share Price Performance
Share Price
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Latest News for 540082
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Frequently Asked Questions for Riddhi Steel and Tube
What is the Riddhi Steel and Tube share price?

As of 17/09/21, shares in Riddhi Steel and Tube are trading at ₹20.5, giving the company a market capitalisation of £1.68m. This share price information is delayed by 15 minutes.

How has the Riddhi Steel and Tube share price performed this year?

Shares in Riddhi Steel and Tube are currently trading at ₹20.5 and the price has moved by 36.67% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Riddhi Steel and Tube price has moved by -11.17% over the past year.

What are the analyst and broker recommendations for Riddhi Steel and Tube?

There are no analysts currently covering Riddhi Steel and Tube.

When will Riddhi Steel and Tube next release its financial results?

Riddhi Steel and Tube is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2022-03-31
What is the Riddhi Steel and Tube dividend yield?

Riddhi Steel and Tube does not currently pay a dividend.

Does Riddhi Steel and Tube pay a dividend?

Riddhi Steel and Tube does not currently pay a dividend.

When does Riddhi Steel and Tube next pay dividends?

Riddhi Steel and Tube does not currently pay a dividend.

How do I buy Riddhi Steel and Tube shares?

To buy shares in Riddhi Steel and Tube you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Riddhi Steel and Tube?

Shares in Riddhi Steel and Tube are currently trading at ₹20.5, giving the company a market capitalisation of £1.68m.

Where are Riddhi Steel and Tube shares listed? Where are Riddhi Steel and Tube shares listed?

Here are the trading details for Riddhi Steel and Tube:

Country of listing: India
Exchange: BSE
Ticker Symbol: 540082
What kind of share is Riddhi Steel and Tube?

Based on an overall assessment of its quality, value and momentum, Riddhi Steel and Tube is currently classified as a Value Trap. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Riddhi Steel and Tube share price forecast 2021?

We were not able to load any forecast data for Riddhi Steel and Tube.

How can I tell whether the Riddhi Steel and Tube share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Riddhi Steel and Tube. Over the past six months, the relative strength of its shares against the market has been -11.37%. At the current price of ₹20.5, shares in Riddhi Steel and Tube are trading at 0.69% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Riddhi Steel and Tube PE Ratio?

The Riddhi Steel and Tube PE ratio based on its reported earnings over the past 12 months is 13.02. The shares are currently trading at ₹20.5.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Riddhi Steel and Tube?

Riddhi Steel and Tube's management team is headed by:

Rajesh Kumar Mittal - MDR
Preeti Mittal - EDR
Paras Shah - IND
Saurin Shah - IND
Kirankumar Agarwal - NID
Sanjay Shah - CCO
Who are the major shareholders of Riddhi Steel and Tube?

Here are the top five shareholders of Riddhi Steel and Tube based on the size of their shareholding:

Mittal (Preeti) Individual Investor
Percentage owned: 35.81% (2.97m shares)
Mittal (Rajat) Individual Investor
Percentage owned: 21.18% (1.76m shares)
Mittal (Rajesh) HUF Individual Investor
Percentage owned: 6.59% (547k shares)
Mittal (Rajesh) Individual Investor
Percentage owned: 5.76% (477k shares)
Patel (Mayur Babubhai) Individual Investor
Percentage owned: 5.1% (423k shares)
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