As of 6 Nov 2026, Riddhi Steel and Tube trades at 42.6× trailing earnings. Sales and net profit grew 15% and 50% a year over 3 years, with ROCE of 24% and ROE of 17%. Debt is 1.87× equity. It is a small-cap company with a market cap of ₹325 Cr; the shares rose 266% over the past year.
- ₹261.30
- ₹261.30
- ₹261.30
- ₹275.05
- 450
Health check
- ReturnsStrong
+265.6% over the past year.
- Price tagNo peers
P/E 42.6, with no peers to compare.
- GrowthStrong
Sales +14.8%, profit +49.9% a year over 3 years.
- ProfitabilityStrong
ROCE 23.8%.
- Balance sheetStretched
Debt 1.87× equity, interest covered 2.3×.
- Red flags4 to check
Debt is 1.87× equity.
Small cap
Defensive
Key metrics
- Market cap
- ₹325 Cr
- Small cap
- P/E
- 42.6
- Price to book
- 4.42
- Book value ₹59.15
- Dividend yield
- 0.00%
- ROE
- 16.9%
- Return on equity
- ROCE
- 23.8%
- Return on capital employed
- Debt to equity
- 1.87
- Debt ₹137 Cr
- EPS (TTM)
- ₹6.14
- OPM (TTM)
- 5.7%
- Net margin 2.5%
- Sales growth
- −10.8%
- Latest quarter vs a year ago
- Profit growth
- −57.6%
- Latest quarter vs a year ago
- Price to sales
- 0.71
- EV/EBITDA 15.4
Strengths and risks
Strengths
- Return on capital employed of 23.8%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Debt is 1.87× equity.
- Quarterly profit down 57.6% on a year ago.
- Quarterly sales down 10.8% on a year ago.
- Interest coverage of only 2.3×.
About Riddhi Steel and Tube
Riddhi Steel and Tube Limited manufactures, deals, trades in, and exports ERW steel tubes and pipes in India and internationally. The company offers MS black, galvanized, and pre-galvanized pipes in round, square, and rectangular hollow sections. It serves the scaffolding and infrastructure, fire and safety, construction projects, irrigation, green house, solar power, railway infrastructure, roadways and highways, power plant, petrochemical, transmission…
- Headquarters
- Ahmedabad
- Employees
- 82
- Sector
- Basic Materials
- ISIN
- INE367U01013
- Website
- riddhitubes.com
Price range
- Avg volume (3M)
- 261
- 1-year return
- plus 265.6%
- From 52-week high
- minus 9.9%
Peers
We couldn’t find listed peers for this company.
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +14.8%
- Profit CAGR 3Y
- +49.9%
- ROE
- 16.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 303 | 328 | 391 | 458 | |
| – | +8.2% | +19.4% | +17.1% | |
| 285 | 309 | 369 | 429 | |
| 17.3 | 18.8 | 22.3 | 29.4 | |
| 5.7% | 5.7% | 5.7% | 6.4% | |
| 2.2 | 2.2 | 2.3 | 1.8 | |
| 11.4 | 11.1 | 11.4 | 12.7 | |
| 3.2 | 3.3 | 3 | 2.7 | |
| −0.1 | – | – | – | |
| 4.8 | 6.5 | 10.2 | 15.8 | |
| 29.2% | 26.7% | 25.6% | 27.6% | |
| 3.4 | 4.8 | 7.6 | 11.5 | |
| – | +41.1% | +58.1% | +51.0% | |
| 2.73 | 3.86 | 6.10 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.3 | 8.3 | 8.3 | 12.4 | |
| 44.2 | 49 | 53.8 | 61.1 | |
| 120 | 132 | 130 | 137 | |
| 10.5 | 7.2 | 8.8 | 5.9 | |
| 183 | 197 | 201 | 217 | |
| 25.7 | 23.7 | 21.7 | 20.9 | |
| 3.1 | 12.1 | 8.1 | 8.7 | |
| 154 | 161 | 171 | 187 | |
| 183 | 197 | 201 | 217 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.2 | 8.9 | 12.7 | 6.1 | |
| 1 | −0.6 | −0.4 | 1.3 | |
| −17.4 | 0.7 | −16.4 | −6.6 | |
| 0.7 | 9 | −4 | 0.7 | |
| −1.4 | −1.3 | −1.1 | −1.8 | |
| 15.8 | 7.6 | 11.7 | 4.2 |
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
No recent news coverage found.