1. Saudi Arabia Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Saudi Steel Pipe Co.

Saudi Steel Pipe Co.

TTADAWUL:1320
49.50
SAR
-2.95
(-5.62%)
2.55BMarket Cap
Oct 29Next Earn
Saudi Steel Pipe Co.
TADAWUL:1320
(Saudi Exchange)

Recent

price

49.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SAR
11.63
12.34
14.41
16.63
16.98
16.87
11.97
13.78
12.79
13.29
9.4
7.39
14.79
26.41
32.25
27.94
- -
Revenue per Share
1.43
1.18
1.07
1.57
0.62
0.66
-0.89
0.38
-3.34
-0.53
-0.68
0.02
1.07
3.42
3.57
3.79
- -
Basic EPS, GAAP
-1.84
1.07
-1.79
-3.35
0.41
1.99
0.94
0.91
-0.75
0.86
0.62
1.09
-0.28
6.09
-0.1
6.44
- -
Free Cash Flow per Basic Share
2.5
1.75
0.76
1.52
- -
1.01
- -
- -
- -
- -
- -
- -
- -
- -
0.74
3.95
- -
Dividend per Share
16.31
15.55
15.77
15.39
15.89
14.93
14.08
14.44
11.07
10.45
9.76
9.8
10.89
14.28
17.06
16.87
17.75
Book Value per Share
16.31
15.55
15.67
15.02
15.57
14.91
14.07
14.43
11.04
10.39
9.68
9.76
10.89
14.28
16.98
16.77
17.66
Tangible Book Value per Share
51
51
50
50
51
51
51
51
51
51
51
51
51
51
51
51
51
Basic Weighted Avg Shares
593
629
726
839
858
852
605
696
646
672
475
373
748
1,335
1,630
1,412
- -
Sales/Revenue/Turnover
13.08
10.51
7.94
9.92
5.51
4.82
0.6
6.79
-12.6
-5.19
-6.92
-2.3
8.94
16.11
18.6
17.23
- -
Operating Margin (%)
21
22
23
24
32
40
43
42
48
45
45
45
43
56
79
83
- -
Depreciation Expense
73
60
54
79
31
33
-45
19
-169
-27
-34
1
54
173
181
192
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
18.73
- -
- -
- -
- -
15.39
3.09
5.76
5.98
- -
Effective Tax Rate (%)
12.29
9.57
7.39
9.47
3.64
3.92
-7.46
2.74
-26.1
-4
-7.26
0.25
7.25
12.97
11.08
13.56
- -
Profit Margin (%)
439
378
374
380
248
136
57
94
30
-25
-39
-19
124
36
152
381
469
Working Capital
28
55
154
373
251
185
139
120
135
67
86
50
104
150
49
7
10
LT Debt
832
793
803
794
807
754
711
730
559
528
493
495
551
894
1,103
1,165
1,243
Total Equity
8.84
7.7
6.28
7.55
3.92
3.61
- -
3.64
- -
- -
- -
- -
7.74
19.2
18.47
15.39
- -
Return on Invested Capital (%)
8.33
7.01
5.98
7.3
3.14
3.92
- -
2.68
- -
- -
- -
- -
8.43
14.51
9.19
9.25
- -
Return on Capital (%)
8.45
7.41
6.77
10.07
3.93
4.29
-6.16
2.65
-26.16
-4.93
-6.75
0.19
10.37
27.2
22.8
22.33
- -
Return on Common Equity (%)

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
273
149
56
LT Borrowings
- -
- -
- -
LT Finance Leases
7
11
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
51
51
Market Capitalization
1,879
2,229
2,550

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
894
800
792
Cash, Cash Equivalents & STI
234
114
225
Accounts Receivable, Net
251
271
216
Inventories
408
391
317
Total Current Liabilities
513
341
323
Payables & Accruals
- -
- -
- -
ST Debt
273
149
56
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.42%
20.58%
5.57%
Free Cash Flow
-969.34%
-1,842.39%
-6,753.79%
Net Income, GAAP
442.88%
1,169.05%
6.04%
Sales/Revenue/Turnover
11.97%
33.23%
-13.37%
Total Cash Common Dividend
- -
- -
432.38%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
515
472
381
262
1,630
2025
454
336
- -
381
1,412
2026
385
306
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.51
1.02
0.99
0.45
3.57
2025
0.99
1.4
- -
0.87
3.79
2026
1.04
0.59
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.74
2025
- -
- -
- -
- -
3.95
2026
- -
- -
- -
- -
- -
Similar Companies
Tata Steel Limited (NSE:TATASTEEL)
JSW Steel Limited (NSE:JSWSTEEL)
Eregli Demir Ve Celik Fabrikalari T.A.S. (BIST:EREGL)
Steel Authority of India Limited (NSE:SAIL)
Kardemir Karabiik Demir celik Sanayi ve Ticaret A.S. Class D (BIST:KRDMD)
Vale S.A. (B3:VALE3)
Business
Saudi Steel Pipes Company (1320.SR), founded in 1980 and headquartered in Dammam, Saudi Arabia, manufactures and supplies electrically resistance welded (ERW) steel pipes primarily for the energy, industrial, and construction sectors across the Middle East, North Africa, and internationally through a distribution network spanning more than 20 countries. The company produces a comprehensive range of products including Oil Country Tubular Goods (OCTG), line pipes, API and premium connections with related accessories and services for oil and gas applications; black and galvanized high-frequency induction (HFI)/ERW pipes in various sizes for water, oil and gas pipelines, construction, and industrial uses; longitudinally submerged arc welded (LSAW) pipes; seamless pipes; pipes featuring three-layer external coatings such as polyethylene, polypropylene, and epoxy; threaded and coated pipes; hot induction bent pipes in diverse diameters including space frame configurations; and additional services encompassing galvanizing, threading, bending, and heat treatment. Saudi Steel Pipes operates production facilities in Dammam's Second Industrial City with a capacity of 160,000 metric tons annually across four lines, alongside a Riyadh sales office, and maintains subsidiaries such as Global Pipe Company, which supports its LSAW capabilities. In recent developments, the company's consolidated subsidiary Global Pipe Company secured a SAR 910 million contract in February 2025 from Saudi Aramco to supply LSAW pipes for the Accelerated Carbon Capture and Storage hub in Jubail, spanning 15 months with financial impacts into 2025 and 2026; additionally, Tenaris completed an investment in the Global Pipe Company mill, inaugurating a new LSAW production line in Jubail to expand manufacturing capacity and strengthen export capabilities for complex projects.