1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Riddhi Steel & Tube Ltd.

Riddhi Steel & Tube Ltd.

BBSE:RSTL
275.05
INR
0.00
(0.00%)
2.21BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
230.84
261.98
263.46
192.37
215.05
302.55
234.33
263.27
243.42
243.24
263.57
314.53
368.21
- -
Basic EPS, GAAP
2.56
2.84
2.98
2.15
2.52
4
2.46
1.05
1.99
2.73
3.86
6.1
9.21
- -
Free Cash Flow per Basic Share
-12.88
4.54
-2.03
-0.56
4.3
-0.23
17.52
-3.7
-8.24
12.7
6.11
9.38
3.38
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
13.95
15.97
18.11
27.41
29.94
33.94
36.4
37.45
39.44
42.18
46.04
49.94
59.15
59.15
Tangible Book Value per Share
13.95
15.97
18.11
27.41
29.94
33.94
36.4
37.45
39.44
42.18
46.04
49.94
59.15
59.15
Basic Weighted Avg Shares
9
9
9
12
12
12
12
12
12
12
12
12
12
12
Sales/Revenue/Turnover
2,061
2,339
2,352
2,395
2,677
3,764
2,917
3,274
3,026
3,027
3,276
3,911
4,579
- -
Operating Margin (%)
4.84
4.92
5.67
5.42
4.75
4.18
4.7
3.39
4.17
4.65
4.73
4.93
5.82
- -
Depreciation Expense
24
31
29
33
33
35
37
41
41
32
33
30
27
- -
Net Income, GAAP
23
25
27
27
31
50
31
13
25
34
48
76
115
- -
Effective Tax Rate (%)
35.72
32.81
33.8
35.42
35.05
14.24
13.84
40.19
35.39
29.24
26.73
25.62
27.59
- -
Profit Margin (%)
1.11
1.08
1.13
1.12
1.17
1.32
1.05
0.4
0.82
1.12
1.46
1.94
2.5
- -
Working Capital
186
234
368
487
502
652
598
857
762
715
746
859
986
986
LT Debt
316
355
389
397
416
527
469
685
543
443
404
448
449
449
Total Equity
173
199
225
341
372
422
453
466
490
525
572
621
736
736
Return on Invested Capital (%)
3.13
2.82
2.68
7.81
7.12
10.19
8.16
4.45
4.94
5.65
6.22
7.44
9.42
- -
Return on Capital (%)
9.76
9.36
9.25
8.53
7.21
11.24
8.72
5.17
5.85
6.59
7.15
8.43
10.23
- -
Return on Common Equity (%)
14.56
13.61
12.56
9.47
8.8
12.53
7
2.84
5.18
6.7
8.75
12.71
16.89
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
852
816
925
LT Borrowings
448
564
449
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
762
705
2,213

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,792
1,951
1,959
Cash, Cash Equivalents & STI
81
91
87
Accounts Receivable, Net
527
633
471
Inventories
907
885
1,240
Total Current Liabilities
933
901
972
Payables & Accruals
- -
- -
- -
ST Debt
852
816
925
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.24%
9.66%
18.44%
Free Cash Flow
-913.09%
-38.86%
-63.92%
Net Income, GAAP
25.79%
55.46%
50.97%
Sales/Revenue/Turnover
8.11%
7.43%
17.07%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,276
2025
- -
- -
3,911
2026
- -
- -
4,579

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.86
2025
- -
- -
6.1
2026
- -
- -
9.21

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Rajeshkumar Ramkumar Mittal
Full Time Employees
116
Sector
Non-energy minerals
Industry
Steel
Address
83 Ahmedabad GU India 382427
IPO Date
Sep 14, 2016
Website
riddhitubes.com
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Business
Riddhi Steel and Tube Limited (RSTL.BO) manufactures and sells seamless pipes and tubes primarily for the oil and gas, engineering, and automotive sectors. The company offers carbon steel seamless pipes, alloy steel pipes, stainless steel tubes, and precision tubes under brands such as Riddhi and Riddhi Special; it also provides customized tubular solutions including boiler tubes, line pipes, and mechanical tubing with sizes ranging from 10.3mm to 406.4mm outer diameter and wall thicknesses up to 25mm. Products are produced to standards like API 5L, ASTM A106, and EN 10216, serving customers in power generation, refineries, and infrastructure projects primarily in India with exports to the Middle East and Southeast Asia. Founded in 1992 and headquartered in Ahmedabad, Gujarat, India, Riddhi Steel and Tube Limited operates a fully integrated manufacturing facility with electric resistance welding (ERW), seamless pipe mills, and heat treatment capabilities; it maintains subsidiaries for trading and logistics support within the domestic market. The company focuses on the steel pipe and tube segment of the metals and mining industry, targeting OEMs, EPC contractors, and end-users in energy and industrial applications across South Asia. In recent developments, Riddhi Steel and Tube Limited expanded production capacity by 20% through a new seamless pipe mill commissioned in 2024, enhancing its API-grade offerings for oil and gas pipelines; it secured a strategic partnership with a major Middle Eastern oil firm for long-term supply contracts in early 2025. The company completed a funding round via qualified institutional placement in late 2024, raising funds for debt reduction and working capital to support export growth; additionally, it launched high-strength alloy steel tubes for automotive applications, marking entry into the EV component supply chain. These initiatives reflect Riddhi's shift toward higher-margin seamless products and international diversification.