Riddhi Steel

Has Riddhi Steel declared dividend?

No Dividend History Available

What is the technical trend for Riddhi Steel?

As of May 28, 2025, Riddhi Steel's technical trend is mildly bearish, indicated by bearish weekly and monthly MACD, while moving averages and KST also support this sentiment, despite some mildly bullish signals from Bollinger Bands.

As of 28 May 2025, the technical trend for Riddhi Steel has changed from does not qualify to mildly bearish. The weekly MACD is bearish, while the monthly MACD is mildly bearish, indicating a negative momentum. The daily moving averages also reflect a mildly bearish stance. Although the Bollinger Bands show a mildly bullish trend on the monthly timeframe, the overall sentiment is tempered by the bearish signals from the KST and the weekly Bollinger Bands. The Dow Theory suggests a mildly bullish outlook on the weekly timeframe, but the lack of a clear trend on the monthly adds uncertainty. Overall, the current technical stance is mildly bearish, driven primarily by the bearish MACD and moving averages.

Who are the peers of the Riddhi Steel?

Riddhi Steel's peers include Remi Edelstahl, Prakash Steelage, Garg Furnace, Hisar Met. Inds., Dhatre Udyog, Unison Metals, Tulsyan NEC, Swastik Pipe, and Abha Power. Abha Power shows the best management and growth ratings, while Riddhi Steel has a 1-year return of 58.62%, outperforming most peers.

Peers: The peers of Riddhi Steel are Remi Edelstahl, Prakash Steelage, Garg Furnace, Hisar Met.Inds., Dhatre Udyog, Unison Metals, Tulsyan NEC, Swastik Pipe, and Abha Power.<BR><BR>Quality Snapshot: Excellent management risk is observed at Abha Power, while Average management risk is found at Garg Furnace and Hisar Met.Inds., and the rest have Below Average management risk. Growth is rated as Good at Abha Power, Average at Garg Furnace, and Below Average at Prakash Steelage, Hisar Met.Inds., Dhatre Udyog, Unison Metals, Tulsyan NEC, Swastik Pipe, and the rest. Capital Structure is rated as Good at Garg Furnace, while Average is found at Unison Metals, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: Abha Power has the highest 1-year return at 0.00%, while Dhatre Udyog has the lowest at -57.32%, and Riddhi Steel's own 1-year return is 58.62%, which is significantly higher than both. Additionally, several peers, including Dhatre Udyog, Tulsyan NEC, and Swastik Pipe, have negative six-month returns.

Who are in the management team of Riddhi Steel?

As of March 2022, the management team of Riddhi Steel includes Rajesh Kumar R Mittal (Managing Director), Preeti R Mittal (Executive Director & CFO), and four Independent Directors: Saurin S Shah, Paras K Shah, Kirankumar Agarwal, along with Sanjay Shah (Company Secretary & Compliance Officer).

As of March 2022, the management team of Riddhi Steel includes the following individuals:<BR><BR>1. Rajesh Kumar R Mittal - Managing Director<BR>2. Preeti R Mittal - Executive Director & CFO<BR>3. Saurin S Shah - Independent Director<BR>4. Paras K Shah - Independent Director<BR>5. Kirankumar Agarwal - Independent Director<BR>6. Sanjay Shah - Company Secretary & Compliance Officer<BR><BR>These members play various roles in the company's governance and operations.

What does Riddhi Steel do?

Riddhi Steel & Tube Ltd is a Micro Cap company in the Iron & Steel Products industry, incorporated in 2001 and converted to a Public Limited company in 2016. It has a market cap of INR 79 Cr, with no recent sales or profit data reported.

Overview:<BR>Riddhi Steel & Tube Ltd operates in the Iron & Steel Products industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>The company was originally incorporated in 2001 as Riddhi Steel and Tube Private Limited and later converted to a Public Limited company in 2016. There is no recent sales or profit data reported.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 79 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 10.00<BR>Industry P/E: 34<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 2.10<BR>Return on Equity: 13.26%<BR>Price to Book: 1.38<BR><BR>Contact Details:<BR>Address: 83/84 Village Kamod Piplaj, Pirana Road Post-Aslali Ahmedabad Gujarat : 382427<BR>Phone: 91-79-29700922<BR>Email: info@riddhitubes.org<BR>Website: http://www.riddhitubes.com

Who are the top shareholders of the Riddhi Steel?

The top shareholder of Riddhi Steel is Preeti Rajesh Mittal, holding 37.62%, with no pledged promoter holdings. The highest public shareholder is Mayurkumar Babubhai Patel at 3.93%, and individual investors own 19.41% of the shares.

The top shareholders of Riddhi Steel primarily include the promoters, with Preeti Rajesh Mittal holding the largest stake at 37.62%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Mayurkumar Babubhai Patel, who owns 3.93%. Additionally, individual investors collectively hold 19.41% of the shares.

How big is Riddhi Steel?

As of 24th July, Riddhi Steel & Tube Ltd has a market capitalization of 75.00 Cr, classifying it as a Micro Cap company, with no available financial data for Net Sales and Net Profit for the latest four quarters. Shareholder's Funds are 57.25 Cr and Total Assets are valued at 196.61 Cr as of March 2024.

As of 24th July, <BR><BR>Market Cap: Riddhi Steel & Tube Ltd has a market capitalization of 75.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales and Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 57.25 Cr and Total Assets valued at 196.61 Cr.

Is Riddhi Steel overvalued or undervalued?

As of October 9, 2025, Riddhi Steel is considered very expensive and overvalued with a PE ratio of 9.83, an EV to EBITDA of 8.97, and a YTD stock return of -29.52%, significantly underperforming compared to peers like JSW Steel and Tata Steel.

As of 9 October 2025, Riddhi Steel's valuation grade has moved from risky to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE Ratio of 9.83, an EV to EBITDA of 8.97, and a ROE of 12.22%. <BR><BR>When compared to peers, Riddhi Steel's valuation stands out as notably high; for instance, JSW Steel has a PE of 56.18 and Tata Steel has a PE of 45.37, both of which are significantly higher. This suggests that Riddhi Steel is not only overvalued relative to its peers but also underperforming in terms of returns, as evidenced by its YTD stock return of -29.52% compared to the Sensex's 5.16%.

When is the next results date for Riddhi Steel?

The next results date for Riddhi Steel is 12 November 2025.

The next results date for Riddhi Steel is scheduled for 12 November 2025.

How has been the historical performance of Riddhi Steel?

Riddhi Steel has demonstrated strong historical performance, with net sales increasing from 302.67 Cr in Mar'23 to 391.13 Cr in Mar'25, and profit after tax rising from 4.80 Cr to 7.59 Cr during the same period, despite rising raw material costs. The company also improved its operating profit and cash flow, indicating a robust financial trajectory.

Answer:<BR>The historical performance of Riddhi Steel shows a trend of increasing net sales and profit over the years, with significant growth in the latest fiscal year.<BR><BR>Breakdown:<BR>Riddhi Steel's net sales have shown a steady increase, rising from 302.67 Cr in Mar'23 to 391.13 Cr in Mar'25. This growth is accompanied by a rise in total operating income, which reached 391.13 Cr in Mar'25, up from 327.57 Cr in Mar'24. The company's total expenditure, excluding depreciation, also increased to 369.22 Cr in Mar'25 from 308.86 Cr in Mar'24, primarily driven by higher raw material costs which surged to 393.46 Cr. Despite these rising costs, Riddhi Steel managed to improve its operating profit, which increased to 24.72 Cr in Mar'25 from 21.32 Cr in Mar'24. Consequently, profit before tax rose to 10.20 Cr in Mar'25, compared to 6.55 Cr in Mar'24, leading to a profit after tax of 7.59 Cr, up from 4.80 Cr. The company's total assets also grew to 200.92 Cr in Mar'25 from 196.61 Cr in Mar'24, while total liabilities slightly increased to 200.92 Cr from 196.61 Cr. Cash flow from operating activities improved to 12.00 Cr in Mar'25, reflecting a positive trend in cash generation. Overall, Riddhi Steel's financial metrics indicate a robust performance trajectory, with significant improvements in sales, profits, and asset management over the observed period.

What is the bonus history of Riddhi Steel?

Riddhi Steel announced a bonus issue at a ratio of 1:2, with an ex-date and record date of February 17, 2026. Shareholders will receive one additional share for every two shares held.

Riddhi Steel has a recent bonus issue announced at a ratio of 1:2, with the ex-date set for February 17, 2026. This means that for every two shares held, shareholders will receive one additional share. The record date for this bonus is also February 17, 2026. If you have any more questions about Riddhi Steel or its financial activities, feel free to ask!

Why is Riddhi Steel & Tube Ltd falling/rising?

As of 16-Mar, Riddhi Steel & Tube Ltd's stock price is at 248.90, reflecting a 4.27% decline today and a 5.00% drop over the past week. Despite strong year-to-date gains, current trends indicate a short-term decline influenced by sector performance and reduced investor activity.

As of 16-Mar, Riddhi Steel & Tube Ltd's stock price is currently at 248.90, showing no change from the previous close. The stock has experienced a decline of 4.27% today, opening with a loss and touching an intraday low of Rs 248.90. This downward movement is reflected in the stock's performance over the past week, where it has fallen by 5.00%, and over the past month, it has decreased by 4.53%. <BR><BR>Additionally, the stock has shown erratic trading patterns, not trading on 3 out of the last 20 days, which may contribute to investor uncertainty. The sector in which Riddhi Steel operates, specifically Steel/Sponge Iron/Pig Iron, has also seen a decline of 4.69%, indicating broader market challenges that could be affecting the stock's performance. <BR><BR>Investor participation appears to be falling, as evidenced by a significant drop in delivery volume, which decreased by 73.68% compared to the 5-day average. Despite these negative indicators, it is worth noting that the stock has performed well year-to-date, with a gain of 43.94%, and has shown remarkable growth over the past year and three years, with increases of 214.79% and 702.39%, respectively. However, the current trends suggest a short-term decline in stock price, influenced by both sector performance and reduced investor activity.

Which are the latest news on Riddhi Steel?