Rajasthan Tube Manufacturing Company Ltd (RAJTUBE)

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Rajasthan Tube Manufacturing Company Ltd (RAJTUBE) · mywealthgrid

About

Rajasthan Tube Manufacturing Company Ltd operates in Iron & Steel Products within the Industrials sector.

Face value: ₹1

Market cap

₹39 Cr

P/E

79.7×

P/B

3.9×

Dividend yield

ROE

13.2%

ROCE

20%

Debt / equity

OPM

11.7%

EPS (TTM)

₹0.1

Book value

₹2.2

52-week high

—

52-week low

—

540 historical price candles were omitted because the exchange source has not been verified.

₹8.6-3.9%1Y

Quick read

rule-based

Pros

+High return on capital employed of 20.7%
+Profit CAGR of 24.2% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 10.7×

Cons

−Low return on equity of 9.4% (3-yr avg)
−Revenue shrank over the last 5 years (-16.6% a year)
−Expensive at 79.7× trailing earnings
−Low promoter holding of 16.8%

Research score

Structured signal from quality, growth, valuation and momentum.

32/100

Business quality: 55
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	81	74	79	77	41	42	53	100	95	56	17
COGS	—	—	-71	-73	-41	39	49	95	91	53	14
Gross profit	—	—	—	—	—	3	4	5	4	3	3
	79	73	148	147	84	2	2	2	2	2	1
	1	1	3	2	-1	2	2	2	2	2	2
OPM %	1.7%	0.7%	3.8%	2.9%	-3.5%	4.6%	3.9%	2.4%	2.3%	3.2%	11.7%
Depreciation	—	—	0	0	0	0	0	0	0	0	0
Interest	2	2	2	2	1	1	1	1	1	1	0
	0	0	—	0	—	0	0	0	0	0	0
Profit before tax	-1	-2	1	0	-3	1	1	1	1	1	2
Tax	—	—	—	—	—	0	0	0	0	0	1
Tax %	—	—	—	—	—	23.6%	8.2%	7.7%	6.5%	3.9%	29.1%
	0	-1	0	0	-3	0	1	1	1	0	1
PAT margin %	0.3%	-1.7%	0.5%	0.1%	-7.2%	1%	1.1%	1%	0.8%	0.9%	7.3%
EPS (₹)	—	-2.8	0.9	0.1	-6.6	0.9	1.3	2.1	1.6	1.1	0.3
EPS adjusted (₹)	—	—	—	—	—	0.1	0.1	0.2	0.2	0.1	0.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5
Reserves	2	2	3	4	4	6
	9	14	16	9	7	0
	2	8	6	11	4	1
Total equity & liabilities	17	28	29	28	19	11
	2	1	1	2	1	1
CWIP	0	—	—	—	—	0
Investments	0	0	0	0	0	0
	16	27	27	27	18	10
Total assets	17	28	29	28	19	11

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	-3	-1	8	3	14
	0	0	0	-0	0	0
	-6	3	1	-8	-3	-7
Net cash flow	0	0	-0	-0	0	7
Free cash flow	6	-3	-1	8	3	14
CFO / Operating profit %	310.8%	-132.5%	-28.9%	377.4%	186%	686.9%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	8.2%	7%	4.5%	4.6%	6.2%	14.9%
EBITDA margin %	2.9%	-3.5%	4.6%	3.9%	2.4%	2.3%	3.2%	11.7%
EBIT margin %	2.8%	-3.7%	4.4%	3.8%	2.3%	2.2%	3%	11.3%
PAT margin %	0.1%	-7.2%	1%	1.1%	1%	0.8%	0.9%	7.3%
Working capital
Receivable days	—	—	42	33	34	22	37	107
Inventory days	—	—	58	126	56	70	60	0
Payable days	—	—	0	54	19	44	23	0
NWC days	—	—	100	106	70	48	74	107
Leverage
Current ratio	—	—	1.59	1.41	1.29	1.3	1.56	5.92
Debt to EBITDA	—	—	4.82	6.56	6.63	3.93	3.85	0.02
Debt to equity	—	—	1.56	2.08	2.06	1.05	0.79	0
Interest coverage	1	-1	1.4	1.4	1.8	1.6	1.4	10.7
Asset turnover	—	—	2.45	1.89	3.49	3.34	2.91	1.5
Return ratios
Return on assets %	—	—	2.4%	2%	3.4%	2.5%	2.5%	10.9%
Return on capital employed %	—	—	21%	20.4%	23.1%	23%	19.1%	20%
Return on equity %	—	—	7%	8.5%	12.7%	8.7%	5.6%	12.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.48%	54.48%	54.48%	54.48%	54.48%	34.19%	34.08%	16.5%	16.5%	16.8%	16.8%	16.8%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.52%	0.42%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	45.52%	45.52%	45.52%	45.52%	45.52%	65.81%	65.92%	83.5%	83.5%	82.68%	82.78%	83.2%
No. of shareholders	—	—	—	—	—	—	—	—	4,841	4,909	4,793	5,107

Promoter holding down 37.68 percentage points since Sep 2023.

24 deals · 20 Oct 2021 – 5 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
5 Jan 2026	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Buy	3,14,036	₹38.81	₹1.22 Cr
25 Sept 2025	USHA KISHIN GEHI	Bulk	BSE	Buy	2,55,000	₹39.00	₹0.99 Cr
3 Sept 2025	AMAN GARG	Bulk	BSE	Sell	4,03,402	₹36.04	₹1.45 Cr
3 Sept 2025	RAHUL BHAILAL SHAH	Bulk	BSE	Buy	2,75,000	₹35.89	₹0.99 Cr
13 Aug 2025	KALISHANKAR INDUSTRIES PRIVATE LIMITED	Bulk	BSE	Sell	4,20,000	₹42.36	₹1.78 Cr
28 Jul 2025	KALISHANKAR INDUSTRIES PRIVATE LIMITED	Bulk	BSE	Sell	5,00,000	₹39.43	₹1.97 Cr
28 Jul 2025	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Buy	4,25,000	₹39.50	₹1.68 Cr
28 Jul 2025	JAYESH DHANESH GORAGANDHI	Bulk	BSE	Buy	2,56,400	₹39.00	₹1.00 Cr
23 Jul 2025	KALISHANKAR INDUSTRIES PRIVATE LIMITED	Bulk	BSE	Sell	3,00,000	₹42.50	₹1.28 Cr
23 Jul 2025	JAYESH DHANESH GORAGANDHI	Bulk	BSE	Buy	2,35,295	₹42.49	₹1.00 Cr

1–10 of 24

1 / 3

Mr. Pankaj JainExecutive Director
Mr. Ranjeet Kumar PandeyNon - Executive Independent Director
Ms. ChanchalNon - Executive Non-Independent Director
Mr. Mayur Jitendra ThakarNon-Executive - Independent Director
Mr. Mahendra SoniNon-Executive - Independent Director
Mr. Rakesh Kumar ChoudharyChief Financial Officer
Mr. Saurabh PrydarshiCompnay Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Rajasthan Tube Manufacturing Company Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Oct 2026 · in 13 daysresults

1

Board meeting to consider results14 Oct 2026

1

Face value ₹10 → ₹18 May 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

32 announcementsExport CSV

1 Oct 2026, 6:19 pmResult

Revised Outcome Financial Statement 2025-2026

Financial Results PDF

30 Sept 2026, 8:29 pmBoard Meeting

Board Meeting Intimation for To Consider And Adopt The Standalone Un- Audited Financial Results For The Quarterly Ended 30.09.2026;

Exchange filing PDF

30 Sept 2026, 8:26 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

30 Sept 2026, 8:14 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

9 Sept 2026, 6:03 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

9 Sept 2026, 12:19 pmCompany Update

Newspaper Advertisement - Disclosure Under Regulations 30 And 47 Of The Securities And Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, As Amended (The 'Listing Regulations')

General PDF

7 Sept 2026, 8:55 pmBoard Meeting

Board Meeting Outcome for Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015,

Outcome of Board Meeting PDF

7 Sept 2026, 1:38 pmCompany Update

DECLARATION IN COMPLIANCE WITH REGULATION 31(4) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATION, 2011.

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 6:19 pm	Result Financial Results	Revised Outcome Financial Statement 2025-2026	PDF
30 Sept 2026, 8:29 pm	Board Meeting	Board Meeting Intimation for To Consider And Adopt The Standalone Un- Audited Financial Results For The Quarterly Ended 30.09.2026;

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Rajasthan Tube Manufacturing Company Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

1

Announcements

Not in the F&O segment

1

1

1

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Rajasthan Tube Manufacturing Company Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Upcoming and recent1

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

Upcoming and recent1

Board meetings1

Stock splits1

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1

1

1