Dear Investor friends, Today I am expressing my view on one iron/Steel product company.
RATHI BARS LTD (532918)
Rathi Bars Limited is 60 year old company, mainly engaged
in manufacturing and trading of thermo mechanical treatment (TMT) reinforcement
steel bars and low carbon billets. Company market the product Steel bars under
the brand "RATHI", which is a popular brand and preferred choice of consumers
in Northern India for its quality and reliability. The Company offers RATHI
SHAKTIMAN construction steel bars. It has an in-house capacity of producing
mild steel (MS) billets as raw materials for producing steel bars.
Rathi manufacture TMT bars using the
"THERMEX" technology, which is patent of the German collaborator M/s
Hennigsdorfer Stahln Engineering GmbH, and the Company is licensed to use the
same. Company one of exclusive licencees to use the "Thermex"
technology to manufacture TMT bars in Northern India.
Rathi manufacture TMT bars using the
"THERMEX" technology, which is patent of the German collaborator M/s
Hennigsdorfer Stahln Engineering GmbH, and the Company is licensed to use the
same. Company one of exclusive licencees to use the "Thermex"
technology to manufacture TMT bars in Northern India.
The Company has a very strong
and committed network of dealers to keep maintain the image of the Company and
provide value-added service to the customers.
Retail Marketing: Company has retail network includes nearly 800
outlets spread all over Northern India they strives for the company.
Direct Sales: Company having highly experienced and committed team of sales executives who cater directly to the needs of our Corporate and Government clients.
Direct Sales: Company having highly experienced and committed team of sales executives who cater directly to the needs of our Corporate and Government clients.
Company has strong customer base with government
as well as private corporate giants. Following are the few of them.
Company website: Clickhere
FINANCIALS AND OUTLOOK
Company shares are trading in BSE.
Promoter holding 60.1 % in Sept Qtr. (
Increased from last qtr)
Company posted 55.89 Cr top line in sept
Qtr.
Net profit is 0.25 Cr bottom-line in
sept Qtr.
Book value: Rs 47
Debt to Equity: 0.19
Stock is trading at low PE compared to
industry & its major peers.
Stock is trading at Rs 20
Company stocks are trading lower than
the book value. PE of the stock is very low of 15 as compared to sector PE of
36. Construction and low cost housing will be a huge positive for the stock.
Company has performed very well over QOQ basis.
Company is having a strong customer base.
Considering this performance, the stock
has to catch the momentum and rerate in future, will give handsome returns to
the investors in coming days.
NOTE
: THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION BUT INFORMATION
AS AVAILABLE ON PUBLIC DOMAIN.
Registration
status with SEBI: I am not registered with SEBI under the (Research Analyst)
regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an
opinion concerning securities or public offers only through public media is not
required to obtain registration as research analyst under RA Regulations”


















