Synopsis:
Remi Edelstahl Tubulars Limited bags ₹62.66 crore stainless steel tube orders for the thermal power sector, enhancing growth momentum.
This Steel Stock, engaged in manufacturing and selling stainless steel pipes and tubes, including seamless and welded types, serves industries like petrochemicals, refineries, pharmaceuticals, and power plants in India, hit a 10 percent upper circuit after receiving an order worth Rs. 62.66 crore from a thermal power sector company.
With a market capitalization of Rs. 157.16 crores, the shares of Remi Edelstahl Tubulars Limited hit a 10 percent upper circuit of Rs. 143.10 per share on Monday, up from its previous closing price of Rs. 130.10 per share.
Reason Behind the Surge
Remi Edelstahl Tubulars Limited has announced that it has received new orders worth Rs. 62.66 crore for stainless steel seamless tubes from a well-known equipment fabricator in the thermal power sector. This major order is expected to support the company’s business growth and strengthen its position in the industry.
Company Overview
Remi Edelstahl Tubulars Limited was established in 1970 and is a prominent Indian company specializing in the manufacturing and supply of stainless steel pipes and tubes. The company has built a strong reputation in the engineering and industrial sector for producing high-quality stainless steel products that cater to a variety of industries.
The company is primarily engaged in producing seamless and welded stainless steel pipes and tubes. These products are widely used in critical sectors such as petrochemicals, refineries, pharmaceuticals, power plants, and general engineering.
Remi Edelstahl Tubulars offers a diverse range of products, which includes stainless steel pipes, tubes, fittings, and flanges. Their products are designed to withstand high pressure and extreme conditions, making them suitable for demanding industrial applications
Recent quarter results
Coming into financial highlights, Remi Edelstahl Tubulars Limited’s revenue has increased from Rs. 31.95 crore in Q2 FY25 to Rs. 33.45 crore in Q2 FY26, which has grown by 4.69 percent. The net profit has decreased by 18.25 percent from Rs. 1.26 crore in Q2 FY25 to Rs. 1.03 crore in Q2 FY26. Remi Edelstahl Tubulars Limited’s revenue and net profit have grown at a CAGR of 9.46 percent and 44.22 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 7.63 percent and 5.90 percent, respectively. Remi Edelstahl Tubulars Limited has an earnings per share (EPS) of Rs. 2.27, and its debt-to-equity ratio is 0.67x.
Written By – Nikhil Naik
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