Why is Arabian Steel Pipes Manufacturing Co. Ltd. ?
1
The company has declared negative results in Mar'2026 after 5 consecutive positive quarters
- OPERATING CASH FLOW(Y) Lowest at JOD -0.24 MM
- INTEREST(HY) At JOD 0.09 MM has Grown at 32.37%
- NET SALES(Q) At JOD 3.15 MM has Fallen at -18.83%
2
With ROE of 14.00%, it has a attractive valuation with a 0.00 Price to Book Value
- Over the past year, while the stock has generated a return of 42.95%, its profits have risen by 40.9%
How much should you hold?
- Overall Portfolio exposure to Arabian Steel Pipes Manufacturing Co. Ltd. should be less than 10%
- Overall Portfolio exposure to Ferrous Metals should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Ferrous Metals)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Arabian Steel Pipes Manufacturing Co. Ltd. for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Arabian Steel Pipes Manufacturing Co. Ltd.
42.95%
2.86
25.47%
Jordan General Index
46.42%
4.78
10.29%
Quality key factors
Factor
Value
Sales Growth (5y)
19.96%
EBIT Growth (5y)
31.42%
EBIT to Interest (avg)
0.93
Debt to EBITDA (avg)
0.16
Net Debt to Equity (avg)
-0.13
Sales to Capital Employed (avg)
0.80
Tax Ratio
8.77%
Dividend Payout Ratio
45.20%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
7.72%
ROE (avg)
6.83%
Valuation Key Factors 
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
NA
EV to EBIT
0.20
EV to EBITDA
0.18
EV to Capital Employed
0.03
EV to Sales
0.03
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
14.26%
ROE (Latest)
14.00%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
Mildly Bearish
Technical Movement
6What is working for the Company
ROCE(HY)
Highest at 14.3%
RAW MATERIAL COST(Y)
Fallen by -8.93% (YoY
NET PROFIT(9M)
Higher at JOD 1.95 MM
CASH AND EQV(HY)
Highest at JOD 9.85 MM
OPERATING PROFIT MARGIN(Q)
Highest at 22.12 %
-13What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JOD -0.24 MM
INTEREST(HY)
At JOD 0.09 MM has Grown at 32.37%
NET SALES(Q)
At JOD 3.15 MM has Fallen at -18.83%
DEBT-EQUITY RATIO
(HY)
Highest at 2.93 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 1.2 times
Here's what is working for Arabian Steel Pipes Manufacturing Co. Ltd.
Operating Profit Margin
Highest at 22.12 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Cash and Eqv
Highest at JOD 9.85 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Net Profit
Higher at JOD 1.95 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (JOD MM)
Raw Material Cost
Fallen by -8.93% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Arabian Steel Pipes Manufacturing Co. Ltd.
Interest
At JOD 0.09 MM has Grown at 32.37%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JOD MM)
Operating Cash Flow
Lowest at JOD -0.24 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (JOD MM)
Net Sales
At JOD 3.15 MM has Fallen at -18.83%
over average net sales of the previous four periods of JOD 3.88 MMMOJO Watch
Near term sales trend is very negative
Net Sales (JOD MM)
Debt-Equity Ratio
Highest at 2.93 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Inventory Turnover Ratio
Lowest at 1.2 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






