Remi Edelstahl Tubulars (BSE: REMIEDEL) had a P/E of 81.3× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 26% below their 52-week high. Sales and net profit grew 2.2% and 165% a year over 3 years; its ROCE of 6.1% is the lowest among the 7 largest Steel peers. Debt is 0.76× equity. It is a small-cap company with a market cap of ₹272 Cr, ranked 84th of 150 Steel companies by market cap; the shares rose 41% over the past year.
- ₹199.00
- ₹205.30
- ₹195.20
- ₹199.65
- 936
Health check
- ReturnsAhead
+40.5% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 81.3 vs industry 19.9.
- GrowthStrong
Sales +2.2%, profit +164.7% a year over 3 years.
- ProfitabilityWeak
ROCE 6.1% vs peer median 18.7%.
- Balance sheetStretched
Debt 0.76× equity, interest covered 3.0×, Piotroski 2 of 9.
- Red flags2 to check
Return on equity is low at 4.8%.
Small cap
Defensive
Key metrics
- Market cap
- ₹272 Cr
- Small cap
- P/E
- 81.3
- Industry 19.9
- Price to book
- 3.68
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- 4.8%
- Peers 23.4%
- ROCE
- 6.1%
- Peers 18.7%
- Debt to equity
- 0.76
- Debt ₹53 Cr
- EPS (TTM)
- ₹2.49
- OPM (TTM)
- 6.0%
- Net margin 2.0%
- Sales growth
- +32.2%
- Latest quarter vs a year ago
- Profit growth
- +114.2%
- Latest quarter vs a year ago
- Price to sales
- 1.81
- EV/EBITDA 34.1
Strengths and risks
Strengths
- Quarterly profit up 114.2% on a year ago.
- Quarterly sales up 32.2% on a year ago.
Risks to check
- Return on equity is low at 4.8%.
- P/E of 81.3 against an industry P/E of 19.9.
About Remi Edelstahl Tubulars
Remi Edelstahl Tubulars Limited manufactures and sells stainless steel pipes and tubes in India. The company offers welded and seamless cold finish tubes; electric fusion welded pipes; TIG welded and seamless pipes and tubes; and welded condenser and feed water heater tubes for power plants. The company offers products for various industries, such as stainless steel pipes and tubes for diverse applications in industries such as oil and gas,…
- Headquarters
- Mumbai
- Sector
- Basic Materials
- ISIN
- INE158G01015
- Website
- remigroup.com
Price range
- Avg volume (3M)
- 6.3K
- 1-year return
- plus 40.5%
- From 52-week high
- minus 25.7%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| REMIEDELRemi Edelstahl Tubulars | 202.40 | plus 1.38% | 272 | 81.3 | 38.5 | 6.1% | 6.0% | 0.76 | 2.2% | plus 40.5% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 26.6 | 33.4 | 34.1 | 47.4 | 35.2 | |
| 25.9 | 31 | 32.5 | 44.5 | 33.3 | |
| 0.7 | 2.5 | 1.6 | 3 | 1.9 | |
| 2.7% | 7.4% | 4.8% | 6.3% | 5.3% | |
| 0.7 | 0.1 | −0 | 0.4 | 0.2 | |
| 0.3 | 0.3 | 0.3 | 1 | 0.6 | |
| 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | |
| 0.3 | 1.4 | 0.5 | 1.6 | 0.6 | |
| 23.7% | 26.6% | 15.7% | 30.0% | 26.2% | |
| 0.2 | 1 | 0.4 | 1.1 | 0.5 | |
| 0.19 | 0.94 | 0.31 | 0.88 | 0.36 |
Profit & loss
- Sales CAGR 3Y
- +2.2%
- Profit CAGR 3Y
- +164.7%
- EPS CAGR 3Y
- +155.5%
- ROE
- 4.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 130 | 117 | 136 | 139 | |
| – | minus 10.1% | +15.7% | +2.6% | |
| 125 | 111 | 127 | 131 | |
| 5.5 | 6.5 | 8.4 | 8.4 | |
| 4.2% | 5.6% | 6.2% | 6.1% | |
| 0.3 | 0 | −0.1 | 0.2 | |
| 1.9 | 1.5 | 1.2 | 1.8 | |
| 3.7 | 3.5 | 3.5 | 3.4 | |
| – | 0.3 | −0.1 | 0.3 | |
| 0.3 | 1.9 | 3.5 | 3.7 | |
| 46.0% | 25.1% | 24.3% | 26.5% | |
| 0.1 | 1.4 | 2.7 | 2.7 | |
| – | +840.5% | +92.3% | +2.6% | |
| 0.13 | 1.26 | 2.43 | 2.17 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11 | 11 | 11 | 12.6 | |
| 31.3 | 32.5 | 35 | 56.9 | |
| 24.2 | 30.2 | 15 | 52.6 | |
| 16.9 | 11.1 | 15.8 | 15.5 | |
| 83.4 | 84.8 | 76.7 | 138 | |
| 24.4 | 22 | 26.5 | 57.2 | |
| 0.1 | 0.4 | – | 27.9 | |
| 0.1 | 0.1 | 0.5 | 0.1 | |
| 0 | 0 | 2 | 0.1 | |
| 58.8 | 62.2 | 47.6 | 52.3 | |
| 83.4 | 84.8 | 76.7 | 138 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.3 | −5.3 | 23 | −22.1 | |
| −0.5 | 0.4 | −6 | −34.5 | |
| −11.3 | 4.2 | −16.6 | 56.4 | |
| −3.4 | −0.6 | 0.4 | −0.2 | |
| −0.5 | −0.8 | −6.8 | −36.2 | |
| 7.8 | −6.1 | 16.2 | −58.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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