Rathi Bars
Industrial Products
532918 BSE
₹16.98
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹16.98 −11.85 −41.1% 1Y
Start ₹28.83
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- −3.53%
- Debt to Equity
- 1.01
- EPS (TTM)
- −₹17.58
- Book Value
- ₹52.03
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.33
- ROE
- −12.70%
- Dividend Yield
- 0.00%
- EBITDA
- −₹2.49 Cr
- 52W High
- ₹31.90
- 52W Low
- ₹14.11
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
38 Weak
Data confidence 91/100
Category scores
- Quality
- 30
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 70
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 2
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 12
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 19
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.29 times its book value
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.63% over past five years.
- Company has a low return on equity of -1.93% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 67.1 to 86.2 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 5 | 6 | 8 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Bullish
Bearish
1
Neutral
6
Bullish
2
Overall
Bullish
Bearish
5
Neutral
6
Bullish
8
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 60.31
- Neutral
- MACD (12,26,9)
- 0.19
- Bullish
- SMA (50)
- 15.74
- Bullish
- SMA (200)
- 21.00
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +5.85% |
|---|---|
| 5Y | +2.64% |
| 3Y | −8.52% |
| 1Y | −25.60% |
| TTM | −50.83% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Turned to loss |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | −23.72% |
|---|---|
| 5Y | −19.73% |
| 3Y | −30.66% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −3.89 pp |
|---|---|
| 5Y | −4.24 pp |
| 3Y | −3.65 pp |
| 1Y | −3.16 pp |
| TTM | −10.72 pp |
Revenue by year
| Mar 2017 | ₹186 Cr |
|---|---|
| Mar 2018 | ₹247 Cr |
| Mar 2019 | ₹410 Cr |
| Mar 2020 | ₹383 Cr |
| Mar 2021 | ₹324 Cr |
| Mar 2022 | ₹494 Cr |
| Mar 2023 | ₹482 Cr |
| Mar 2024 | ₹614 Cr |
| Mar 2025 | ₹496 Cr |
| Mar 2026 | ₹369 Cr |
Net profit by year
| Mar 2017 | ₹1.00 Cr |
|---|---|
| Mar 2018 | ₹1.00 Cr |
| Mar 2019 | ₹2.00 Cr |
| Mar 2020 | ₹3.00 Cr |
| Mar 2021 | ₹2.00 Cr |
| Mar 2022 | ₹3.00 Cr |
| Mar 2023 | ₹3.00 Cr |
| Mar 2024 | ₹4.00 Cr |
| Mar 2025 | ₹3.00 Cr |
| Mar 2026 | −₹12.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 170 | 172 | 134 | 137 | 148 | 100 | 111 | 138 | 133 | 126 | 91 | 20 | 0 |
| Expenses | 166 | 168 | 130 | 135 | 144 | 96 | 107 | 135 | 130 | 122 | 88 | 31 | 13 |
| Operating Profit | 4 | 4 | 4 | 2 | 4 | 4 | 3 | 3 | 3 | 4 | 2 | −12 | −13 |
| OPM % | 2.5% | 2.6% | 3.1% | 1.5% | 2.4% | 3.5% | 3.1% | 2% | 2.4% | 2.9% | 2.6% | −59% | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 | 0 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 2 | 1 |
| Depreciation | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | −15 | −16 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | −15 | −16 |
| EPS (₹) | 0.61 | 0.61 | 0.51 | 0.75 | 0.59 | 0.37 | 0.54 | 0.66 | 0.51 | 0.59 | 0.43 | −9.04 | −9.56 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 236 | 209 | 186 | 247 | 410 | 383 | 324 | 494 | 482 | 614 | 496 | 369 | 236 |
| Expenses | 227 | 202 | 179 | 239 | 401 | 371 | 312 | 481 | 467 | 600 | 483 | 371 | 255 |
| Operating Profit | 10 | 7 | 7 | 7 | 8 | 12 | 12 | 13 | 15 | 14 | 13 | −2 | −19 |
| OPM % | 4.2% | 3.5% | 3.6% | 3% | 2.1% | 3.1% | 3.7% | 2.7% | 3.1% | 2.3% | 2.7% | −0.7% | −8% |
| Other Income | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest | 4 | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 5 | 6 | 6 | 6 | 6 |
| Depreciation | 6 | 5 | 4 | 4 | 5 | 6 | 6 | 6 | 7 | 4 | 5 | 5 | 5 |
| PBT | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | −12 | −29 |
| Tax % | 76% | −3% | 38% | 35% | 32% | 5% | 24% | 10% | 22% | 12% | 27% | −6% | — |
| Net Profit | 0 | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 3 | 4 | 3 | −12 | −29 |
| EPS (₹) | 0.14 | 0.91 | 0.59 | 0.86 | 1.15 | 1.67 | 1.41 | 1.75 | 1.58 | 2.19 | 1.57 | −7.05 | −17.58 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 58 | 59 | 60 | 61 | 64 | 66 | 69 | 71 | 74 | 78 | 80 | 69 |
| Borrowings | 31 | 23 | 15 | 12 | 29 | 41 | 47 | 65 | 72 | 67 | 82 | 86 |
| Other Liabilities | 30 | 29 | 21 | 19 | 18 | 20 | 20 | 22 | 22 | 18 | 17 | 83 |
| Total Liabilities | 135 | 128 | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 179 | 195 | 254 |
| Fixed Assets | 27 | 22 | 22 | 25 | 36 | 38 | 43 | 42 | 42 | 38 | 41 | 41 |
| CWIP | 6 | 9 | 13 | 11 | 10 | 13 | 10 | 9 | 7 | 7 | 5 | 0 |
| Investments | 20 | 12 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Other Assets | 83 | 85 | 77 | 72 | 80 | 91 | 100 | 123 | 136 | 134 | 149 | 213 |
| Total Assets | 135 | 128 | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 179 | 195 | 254 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 6 | 15 | −3 | 10 | −1 | 2 | 3 | −9 | 3 | 12 | −3 | 1 |
| Investing | 2 | 4 | 4 | −6 | −14 | −11 | −6 | −4 | −5 | −1 | −6 | 1 |
| Financing | −8 | −10 | −11 | −4 | 15 | 9 | 3 | 14 | 2 | −12 | 9 | −2 |
| Net Cash Flow | 0 | 8 | −9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 3 | 11 | −10 | 4 | −15 | −9 | −3 | −14 | −2 | 11 | −9 | 2 |
| CFO/OP | 59 | 206 | −34 | 134 | −6 | 24 | 29 | −69 | 24 | 92 | −18 | −57 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 70 | 75 | 60 | 44 | 56 | 66 | 52 | 60 | 43 | 72 | 86 |
| Inventory Days | 34 | 34 | 63 | 39 | 14 | 15 | 23 | 23 | 13 | 10 | 10 | 2 |
| Days Payable | 22 | 23 | 46 | 35 | 11 | 13 | 15 | 9 | 9 | 6 | 6 | 12 |
| Cash Conversion Cycle | 83 | 81 | 93 | 64 | 47 | 58 | 74 | 65 | 65 | 48 | 76 | 76 |
| Working Capital Days | 45 | 49 | 90 | 68 | 38 | 38 | 54 | 40 | 46 | 37 | 46 | 52 |
| ROCE % | 4% | 4% | 3% | 4% | 4% | 6% | 5% | 5% | 6% | 6% | 6% | −4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Rathi Bars insights
66 extracted metrics across FY10–FY27.
Documents
- 1 Jun 2026
- 14 Apr 2026
- 28 Aug 2025
- 13 Jun 2025
- 26 Aug 2024
- General announcements 13 Oct 2026
Frequently Asked Questions about Rathi Bars
What does Rathi Bars Ltd do?
Incorporated in 1993, Rathi Bars Ltd is a manufacturer of TMT bars and other steel products
Where is Rathi Bars Ltd (RATHIBAR) listed?
Rathi Bars Ltd trades under code 532918 on the BSE.
Which sector does Rathi Bars Ltd belong to?
Rathi Bars Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the 52-week high and low of Rathi Bars Ltd?
Over the last 52 weeks Rathi Bars Ltd has traded between ₹14.11 and ₹31.9 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Rathi Bars Ltd?
Rathi Bars Ltd reported a return on equity of -12.70%. Its debt-to-equity ratio is 1.01.
Company Information
Incorporated in 1993, Rathi Bars Ltd is a manufacturer of TMT bars and other steel products
Website rathisteels.com
Face Value ₹10
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