Rish.Digh.Steel

Who are the top shareholders of the Rish.Digh.Steel?

The top shareholders of Rish.Digh.Steel include Digha Steel Industries Private Limited with 23.49%, individual investors with 24.62%, and public shareholder Bhavin Batavia at 3.47%. There are no holdings by mutual funds or foreign institutional investors.

The top shareholders of Rish.Digh.Steel include the promoters, with Digha Steel Industries Private Limited holding the largest stake at 23.49%. Individual investors collectively own 24.62% of the company, while the highest public shareholder is Bhavin Batavia, who holds 3.47%. There are currently no holdings by mutual funds or foreign institutional investors (FIIs).

Who are in the management team of Rish.Digh.Steel?

As of March 2022, the management team of Rish.Digh.Steel includes Ashok M Mehta (Chairman & Managing Director), Snehal S Chinai (Independent Director), Kumud A Mehta (Whole Time Director & CFO), and Jigar Rajendra Sheth (Independent Director). They are responsible for the company's governance and strategic direction.

As of March 2022, the management team of Rish.Digh.Steel consists of the following individuals:<BR><BR>1. Ashok M Mehta - Chairman & Managing Director<BR>2. Snehal S Chinai - Independent Director<BR>3. Kumud A Mehta - Whole Time Director & CFO<BR>4. Jigar Rajendra Sheth - Independent Director<BR><BR>These members play key roles in the company's governance and strategic direction.

What does Rish.Digh.Steel do?

Rishabh Digha Steel & Allied Products Ltd manufactures and trades steel products, classified as a Micro Cap company with a market cap of Rs 26 Cr. As of March 2025, it reported net sales and profit of 1 Cr each.

Overview: <BR>Rishabh Digha Steel & Allied Products Ltd is engaged in the manufacturing and trading of steel and allied products within the Iron & Steel Products industry, classified as a Micro Cap company.<BR><BR>History: <BR>Incorporated in 1991, Rishabh Digha Steel & Allied Products Ltd has been actively involved in its sector. The latest quarterly results reported net sales and net profit of 1 Cr for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 1 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 1 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 26 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 26.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.86 <BR>Return on Equity: 0.44% <BR>Price to Book: 1.42<BR><BR>Contact Details: <BR>Address: C-17/2 MIDC Industrial Area, Taloja Raigad Maharashtra : 410208 <BR>Email: info@rishabhdighasteel.com <BR>Website: http://www.rishabdighasteel.com

Has Rish.Digh.Steel declared dividend?

Yes, Rishabh Digha Steel & Allied Products Ltd has declared a 20% dividend, amounting to 2 per share, with an ex-date of September 20, 2019. However, the dividend yield is 0%, indicating no consistent dividend payments in recent periods, despite significant price appreciation over time.

Rishabh Digha Steel & Allied Products Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 2<BR>- Ex-date: 20 Sep 19<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 32.92%, with no dividend return, resulting in a total return of 32.92%.<BR><BR>Over the past year, the price return was 54.55%, with no dividend return, leading to a total return of 54.55%.<BR><BR>In the 2-year period, the price return was 156.43%, with no dividend return, culminating in a total return of 156.43%.<BR><BR>For the 3-year period, the price return was 96.51%, with no dividend return, resulting in a total return of 96.51%.<BR><BR>In the 4-year period, the price return was 108.5%, with no dividend return, leading to a total return of 108.5%.<BR><BR>Over the last 5 years, the price return was 128.4%, with no dividend return, culminating in a total return of 128.4%.<BR><BR>Overall, while Rishabh Digha Steel has declared a dividend, the dividend yield remains at 0%, indicating that the company has not consistently provided dividends in recent periods. However, the total returns over various periods show significant price appreciation.

Who are the peers of the Rish.Digh.Steel?

Rish.Digh.Steel's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Ecofinity Ato, Trans Freight, Bloom Industries, and Excellent Wires. APL Apollo Tubes leads in management quality and growth, while Rish.Digh.Steel has below-average ratings in growth and capital structure, with a 1-year return of 46.58%.

Peers: The peers of Rish.Digh.Steel are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Ecofinity Ato, Trans Freight, Bloom Industries, and Excellent Wires.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and Excellent Wires, and the rest have Average or below ratings. Growth is Excellent at APL Apollo Tubes and Jindal Saw, Average at Shyam Metalics and Ratnamani Metals, Below Average at Rish.Digh.Steel, and the rest do not qualify or have lower ratings. Capital Structure is Excellent at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, Good at Welspun Corp and Excellent Wires, while Rish.Digh.Steel and Bloom Industries have Below Average ratings, and the rest do not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.46%, while Jindal Saw has the lowest at -22.93%. Rish.Digh.Steel's 1-year return is 46.58%, which is significantly higher than Jindal Saw's but lower than Welspun Corp's. Additionally, Ratnamani Metals, Jindal Saw, and Ecofinity Ato have negative six-month returns.

Is Rish.Digh.Steel overvalued or undervalued?

As of April 25, 2023, Rish.Digh.Steel is considered a risky investment with an overvalued PE ratio of 26.83 and concerning financial metrics, including a negative EV to EBITDA ratio and low ROCE and ROE, despite a strong year-to-date stock performance of 27.88%.

As of 25 April 2023, Rish.Digh.Steel's valuation grade has moved from does not qualify to risky, indicating a significant shift in its perceived investment quality. The company is currently considered overvalued, with a PE ratio of 26.83, which is notably higher than its peers like Jindal Steel, which has a PE of 24.29, and Tata Steel at 51.92. Additionally, the EV to EBITDA ratio stands at -10.25, suggesting negative earnings before interest, taxes, depreciation, and amortization, which is a concerning indicator of financial health.<BR><BR>In comparison to its peers, Rish.Digh.Steel's financial metrics reflect a challenging position, especially with a ROCE of -50.20% and a ROE of only 0.44%. These figures highlight the company's struggles in generating returns on capital and equity. While the stock has performed well year-to-date with a return of 27.88% compared to the Sensex's 5.58%, the underlying financial ratios suggest that the current valuation may not be justified given the company's performance relative to its industry peers.

What is the technical trend for Rish.Digh.Steel?

As of May 23, 2025, Rish.Digh.Steel's technical trend is mildly bullish, supported by daily moving averages and Bollinger Bands, despite mixed signals from weekly indicators.

As of 23 May 2025, the technical trend for Rish.Digh.Steel has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD remains bullish, indicating mixed signals across time frames. The daily moving averages are mildly bullish, supporting a positive short-term outlook. Bollinger Bands are bullish on both weekly and monthly charts, suggesting potential upward momentum. However, the KST shows a mildly bearish stance on the weekly, contrasting with its bullish monthly reading. Overall, the current technical stance is mildly bullish, driven by the daily moving averages and Bollinger Bands, despite some bearish signals in the weekly indicators.

How big is Rish.Digh.Steel?

As of 24th July, Rishabh Digha Steel & Allied Products Ltd has a market capitalization of 23.00 Cr, with recent net sales of 1.05 Cr and a net profit of 0.08 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Rishabh Digha Steel & Allied Products Ltd has a market capitalization of 23.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 1.05 Cr, while the sum of Net Profit for the same period is 0.08 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 18.00 Cr and Total Assets valued at 20.95 Cr.

How has been the historical performance of Rish.Digh.Steel?

Rish.Digh.Steel has experienced significant financial fluctuations, with net sales increasing from 0.40 Cr in Mar'21 to 1.05 Cr in Mar'25, but operating profit has been negative since Mar'21, culminating in a loss of -1.12 Cr in Mar'25. The company's total liabilities and assets decreased from Mar'24 to Mar'25, reflecting a challenging financial situation.

Answer:<BR>The historical performance of Rish.Digh.Steel shows significant fluctuations in its financial metrics over the years.<BR><BR>Breakdown:<BR>Rish.Digh.Steel's net sales have seen a gradual increase from Mar'21, where it reported 0.40 Cr, to Mar'25, where it reached 1.05 Cr, although it had been at 0.00 Cr in Mar'24 and Mar'22. The total operating income followed a similar trend, peaking at 2.52 Cr in Mar'20 before declining to 1.05 Cr in Mar'25. The company has consistently reported no other operating income, and its total expenditure, excluding depreciation, increased from 0.93 Cr in Mar'21 to 2.17 Cr in Mar'25. Operating profit (PBDIT) has been negative since Mar'21, with a loss of -1.12 Cr in Mar'25, contrasting with a profit of 0.29 Cr in Mar'20. Profit before tax also reflected this downward trend, dropping from 1.31 Cr in Mar'19 to 0.07 Cr in Mar'25. The profit after tax showed a similar pattern, with a significant drop to 0.08 Cr in Mar'25 from 11.50 Cr in Mar'24. The company's total liabilities decreased from 20.96 Cr in Mar'24 to 18.46 Cr in Mar'25, while total assets also fell from 20.96 Cr to 18.46 Cr in the same period. Cash flow from operating activities was positive at 10.00 Cr in Mar'24 but dropped to 0.00 Cr in Mar'25, indicating a challenging cash flow situation. Overall, Rish.Digh.Steel has experienced a volatile financial history with periods of both profit and loss, alongside fluctuations in its asset and liability structure.

Are Rishabh Digha Steel & Allied Products Ltd latest results good or bad?

Rishabh Digha Steel & Allied Products Ltd's latest results are concerning, with a 62.5% decline in net profit and a 73.33% drop in net sales, indicating severe operational challenges. The company is rated as a "Strong Sell" due to its poor financial health and high valuation metrics.

The latest results for Rishabh Digha Steel & Allied Products Ltd are quite concerning. In Q3 FY26, the company reported a net profit of ₹0.06 crores, which reflects a significant decline of 62.50% compared to the previous quarter. Additionally, net sales fell drastically by 73.33% to just ₹0.08 crores. This sharp drop indicates a severe operational decline, as the company has struggled to generate meaningful revenue, with cumulative sales for the nine-month period of FY26 totaling only ₹0.38 crores.<BR><BR>The profit reported is misleading, as it largely stems from other income rather than core business operations, which actually incurred losses of ₹0.17 crores. The operating profit margin, excluding other income, was a deeply negative 212.50%, highlighting the lack of viability in the company's core operations.<BR><BR>Moreover, the stock has underperformed significantly, declining 29.76% over the past year while the broader market, represented by the Sensex, gained 8.52%. The company's valuation metrics are also troubling, with a P/E ratio of 191.15x, which is extraordinarily high given its minimal revenue generation.<BR><BR>Overall, the results suggest that Rishabh Digha Steel is facing critical operational challenges and is not in a healthy financial position. The company is currently rated as a "Strong Sell" due to its fundamental weaknesses and lack of operational momentum.

When is the next results date for Rishabh Digha Steel & Allied Products Ltd?

The next results date for Rishabh Digha Steel & Allied Products Ltd is 29 May 2026.

The next results date for Rishabh Digha Steel & Allied Products Ltd is scheduled for 29 May 2026.

Why is Rishabh Digha Steel & Allied Products Ltd falling/rising?

As of 29-May, Rishabh Digha Steel & Allied Products Ltd's stock is at 32.00, showing mixed performance with short-term gains but significant long-term declines of -17.36% year-to-date and -34.69% over one year. The stock's bearish trend is indicated by trading below key moving averages and decreased investor participation.

As of 29-May, Rishabh Digha Steel & Allied Products Ltd's stock price is currently at 32.00, with no change from the previous trading session. The stock has shown a mixed performance over various periods; it has outperformed the benchmark Sensex in the short term, with a 1-week return of +2.07% compared to the Sensex's -0.85%. However, over the longer term, the stock has experienced significant declines, with a year-to-date drop of -17.36% and a one-year decline of -34.69%, while the Sensex has only fallen by -8.40% during the same period.<BR><BR>Today's performance indicates that the stock has outperformed its sector by 2.28%, but this is overshadowed by other concerning factors. The stock has not traded on 2 out of the last 20 days, indicating erratic trading behavior. Furthermore, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume on 25 May falling by -60.92% against the 5-day average. The overall sector, which includes Steel/Sponge Iron/Pig Iron, has also declined by -2.23%.<BR><BR>In summary, while there are some short-term positive indicators, the overall trend for Rishabh Digha Steel & Allied Products Ltd is negative, driven by significant long-term declines, erratic trading patterns, and reduced investor participation.

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