Riddhi Steel and Tube Limited (RSTL.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-152.7%

-₹144.90

vs ₹275.05 price

Levered DCF

₹95.66

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.02

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	12.89×	10.04×	10.42×	17.22×	26.63×	33.76×	14.36×	8.83×
P/B	2.01×	1.23×	0.58×	0.74×	0.9×	0.95×	0.97×	1.04×
P/S	0.32×	0.19×	0.1×	0.13×	0.15×	0.13×	0.15×	0.12×
EV / EBITDA	8.52×	8.02×	8.16×	9.08×	10.04×	9.8×	7.78×	7.62×
Gross margin	9.0%	8.3%	9.3%	9.9%	11.0%	7.4%	9.1%	7.3%
Operating margin	5.8%	6.5%	5.8%	5.7%	5.5%	4.7%	6.0%	5.2%
Net margin	2.5%	1.9%	1.5%	1.1%	0.8%	0.4%	1.0%	1.3%
Current ratio	2.01×	1.92×	1.76×	1.83×	1.88×	2.61×	1.98×	2.08×
Debt / equity	1.87×	2.09×	2.31×	2.29×	2.57×	2.29×	2.19×	2.45×
Interest coverage	1.91×	2.22×	1.7×	1.52×	1.52×	1.43×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.6%	12.2%	8.4%	6.5%	5.1%	2.8%	6.8%	11.8%
Return on invested capital	9.1%	9.8%	7.3%	7.0%	6.2%	5.9%	10.4%	11.5%
Return on assets	5.3%	3.8%	2.4%	1.9%	1.3%	0.8%	2.0%	3.2%
Free cash flow yield	2.9%	15.3%	22.8%	40.5%	-23.3%	-10.4%	49.6%	-0.6%
Earnings yield	7.8%	10.0%	14.4%	8.7%	5.6%	3.0%	7.0%	11.3%
Enterprise value	₹2.8B	₹2B	₹1.5B	₹1.6B	₹1.7B	₹1.5B	₹1.4B	₹1.5B
Net debt / EBITDA	3.97×	4.94×	6.38×	6.81×	7.4×	6.9×	5.25×	5.34×
Cash conversion cycle (days)	160	165	175	152	134	112	122	109