Riddhi Steel

Why is Riddhi Steel & Tube Ltd falling/rising?

As of 11-Jun, Riddhi Steel & Tube Ltd's stock price is stable at 265.00, with a year-to-date increase of +53.25% and a remarkable +293.64% return over the past year. Despite some negative indicators like erratic trading patterns and declining investor participation, the stock shows a bullish trend relative to its peers and moving averages.

As of 11-Jun, Riddhi Steel & Tube Ltd's stock price is currently stable at 265.00, showing no change (0.00%). Over the past week, the stock has maintained a return of +0.00%, while the benchmark Sensex has decreased by -0.71%. In the last month, Riddhi Steel has experienced a significant increase of +20.45%, contrasting with the Sensex's decline of -2.87%. Year-to-date, the stock has risen by +53.25%, while the Sensex has fallen by -13.36%. Over the past year, Riddhi Steel's performance is remarkable, with a return of +293.64%, compared to the Sensex's -10.52%.<BR><BR>Despite the current price stability, the stock is close to its 52-week high, being only 4.19% away from Rs 276.1. It has outperformed its sector by 0.41% today, indicating a positive trend relative to its peers. Furthermore, Riddhi Steel is trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bullish trend.<BR><BR>However, there are some negative indicators as well. The stock has shown erratic trading patterns, not trading on 3 out of the last 20 days, and there has been a significant drop in investor participation, with delivery volume on June 1 falling by -95% compared to the 5-day average. Despite these concerns, the stock remains liquid enough for trading.<BR><BR>In summary, while Riddhi Steel & Tube Ltd's stock price is currently stable, its strong performance over various periods and relative outperformance against the benchmark suggest a rising trend, although declining investor participation may pose challenges.

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 330 Cr, with key metrics including a P/E of 29.00 and a debt-equity ratio of 1.89.

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 on September 07, 2001, as Riddhi Steel and Tube Private Limited and later converted into a Public Limited company, changing its name to Riddhi Steel and Tube Limited on February 01, 2016. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 330 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 29.00 <BR>Industry P/E: 24 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 1.89 <BR>Return on Equity: 16.79% <BR>Price to Book: 4.83 <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

Which are the latest news on Riddhi Steel?

How big is Riddhi Steel?

Summary could not be generated.

As of 10th June, Riddhi Steel & Tube Ltd has a market capitalization of 330.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent quarterly performance data is unavailable, so there are no figures for Net Sales or Net Profit for the latest four quarters.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds reported at 62.10 Cr and Total Assets at 200.92 Cr.

Who are in the management team of Riddhi Steel?

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

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>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Riddhi Steel?

Riddhi Steel's peers include Shah Metacorp, Aerpace Indus, Suraj, Manaksia, Bedmutha Indus, Suraj Products, D P Wires, Supershakti Met., and P S Raj Steels. Riddhi Steel has the highest 1-year return at 293.64%, significantly outperforming its peers.

Peers: The peers of Riddhi Steel are Shah Metacorp, Aerpace Indus, Suraj, Manaksia, Bedmutha Indus., Suraj Products, D P Wires, Supershakti Met., P S Raj Steels.<BR><BR>Quality Snapshot: Below Average management risk is observed at Shah Metacorp, Aerpace Indus, Bedmutha Indus., and Riddhi Steel, while Average management risk is found at Suraj, D P Wires, Supershakti Met., and P S Raj Steels. Good management risk is noted at Suraj Products and Krishca Strapp. Growth is Average at Riddhi Steel and Suraj, Below Average at Aerpace Indus, Shah Metacorp, and the rest, while Good growth is seen at Bedmutha Indus. and Excellent growth is observed at Krishca Strapp. Capital Structure is Excellent at Manaksia, Suraj Products, D P Wires, Supershakti Met., and P S Raj Steels, while Below Average is noted at Shah Metacorp, Aerpace Indus, and Riddhi Steel, and Average at Suraj.<BR><BR>Return Snapshot: Riddhi Steel has the highest 1-year return at 293.64%, while Suraj has the lowest at -37.85%. Riddhi Steel's return significantly outperforms all peers. Additionally, the six-month return is negative for Bedmutha Indus., D P Wires, Supershakti Met., and P S Raj Steels.

When is the next results date for Riddhi Steel & Tube Ltd?

The next results date for Riddhi Steel & Tube Ltd is 30 May 2026.

The next results date for Riddhi Steel & Tube Ltd is scheduled for 30 May 2026.

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!

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.

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%.

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.

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.

Has Riddhi Steel declared dividend?

No Dividend History Available