Penny Stock: Rathi Steel & Power Ltd (RSPL) stock is witnessing a steady rise. The company’s stock hit an upper circuit of 5% on Friday and the stock reached a 52-week high of Rs 88.73.
The stock has been witnessing a steady rise for the last several sessions. The company’s stock has gained 22% in the last five days.
The stock also reached a new 52-week record high of 84.51 rupees. The 52-week low is 8.63 rupees.
The price has increased by more than 70 % in less than two weeks. The company has become debt-free. The stock has climbed 1000% in a year. A year ago, the price of this stock was Rs 8.
Quarterly Results
As per the quarterly results, net sales grew 17 percent to Rs 118.35 crore and net profit grew 2,457 percent to Rs 20.20 crore in Q4FY24 as compared to Q3FY24.
In its annual financial results, the company recorded net sales of 492.83 crore rupees and a net profit of Rs 23.61 crore for FY24.
However, in FY23 the company posted net sales of 726.55 crore rupees, and a net profit of 87.47 crore rupees.
As of March 2024, the company’s promoters hold a 40.32 percent stake, DIIs hold 2.53 percent and the public holds 57.15 percent.
Company Business
Delhi-based steel maker Rathi Steel & Power Ltd founded in 1971, provides wire rods and rebars with the “Rathi” brand across 1,000 retail outlets.
It also supplies stainless steel products to major downstream manufacturers such as bright bars and fasteners.
Their clients include famous names like The Airports Authority of India, Delhi Metro Rail, and NTPC. The company has a market capitalization of over 700 crore rupees.
Rathi Steel & Power Ltd Stock Performance
| Current Price | ₹ 84.5 |
| 52-wk High | ₹ 84.5 |
| 52-wk Low | ₹ 9.06 |
| 5 Days Return | 22.57% |
| 1 Month Return | 68.41% |
Key Fundamentals Parameters
| Market Cap | ₹ 719 Cr. |
| Stock P/E | 192 |
| Book Value | ₹ 14.5 |
| Dividend | 0.00 % |
| ROCE | 17.6 % |
| ROE | 13.9 % |
| Face Value | ₹ 10.0 |
| P/B Value | 5.84 |
| OPM | 4.22 % |
| EPS | ₹ 2.77 |
| Debt | ₹ 0.00 Cr. |
| Debt to Equity | 0.00 |
Rathi Steel & Power Ltd Shareholding Pattern
| Promoters Holding | |
| June 2023 | 51.47% |
| Sept 2023 | 51.47% |
| Dec 2023 | 51.47% |
| Mar 2024 | 40.32% |
| Jun 2024 | 40.32% |
| FII Holding | |
| Jun 2023 | 0.00% |
| Sep 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Mar 2024 | 0.00% |
| Jun 2024 | 8.95% |
| DII Holding | |
| Jun 2023 | 8.60% |
| Sep 2023 | 8.24% |
| Dec 2023 | 8.24% |
| Mar 2024 | 2.53% |
| Jun 2024 | 2.89% |
| Public Holding | |
| Jun 2023 | 39.93% |
| Sep 2023 | 40.29% |
| Dec 2023 | 40.30% |
| Mar 2024 | 57.15% |
| Jun 2024 | 47.84% |
Rathi Steel & Power Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 38 Cr |
| 2021 | ₹ 427 Cr |
| 2022 | ₹ 543 Cr |
| 2023 | ₹ 727 Cr |
| 2024 | ₹ 493 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ -26 Cr |
| 2021 | ₹ 190 Cr |
| 2022 | ₹ -36 Cr |
| 2023 | ₹ 87 Cr |
| 2024 | ₹ 24 Cr |
Conclusion
This article provides a detail guide about Rathi Steel & Power Ltd share.
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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