RAJASTHAN TUBE MANUFACTURING CO.LTD. (RAJTUBE) Fair Value & Analysis

Basic Materials · IN · Market cap ₹575M

A solid business, but screening 57% overvalued on our models.

What matters now

• A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
• The price sits above even our optimistic bull case (₹5.83). The favourable scenario is already priced in.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹0.9710 – ₹56.99 · fair‑value band ₹3.50 – ₹5.83 · the ₹10.91 price screens above the ₹4.66 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

RAJASTHAN TUBE MANUFACTURING CO.LTD. (RAJTUBE) currently trades at ₹10.91, while our model-based Fair Value estimate is ₹4.66, implying the stock looks roughly 57.3% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, RAJASTHAN TUBE MANUFACTURING CO.LTD. generated revenue of ₹170M at a net margin of 7.3%. Revenue declined 80.1% year over year. It earns a return on equity of 13.2%. Net debt stands at ₹69.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹3.50 (bear case) to ₹5.83 (bull case); at ₹10.91, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 79% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -57%, RAJTUBE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF (₹32.47) versus Asset-Based (₹1.49). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Rajasthan Tube Manufacturing Company Limited manufactures, trades in, and sells steel tubes and pipes in India. The company offers ERW pipes and tubes/black steel pipes and tubes, and galvanized pipes and tubes that are used in various applications, such as water pipelines, water mains, sewerage systems, industrial water lines, plant piping, agriculture and …

Full company description

Rajasthan Tube Manufacturing Company Limited manufactures, trades in, and sells steel tubes and pipes in India. The company offers ERW pipes and tubes/black steel pipes and tubes, and galvanized pipes and tubes that are used in various applications, such as water pipelines, water mains, sewerage systems, industrial water lines, plant piping, agriculture and irrigation, deep tube-wells and casing pipes, gas pipelines, pipelines for natural gas, LPG and other non-toxic gases, oil pipelines, oil refinery piping, crude oil piping, and cross-country pipelines. It also provides hot rolled steel sheets for use in making tubular products, including hot rolled coils, pipes, LPG cylinders, shuttering plates, and off late in the construction sector. In addition, the company's hot rolled steel sheets are also used as a component in the making of pressure vessels; in buildings; in hull and steel structures, and boiler usage, as well as for making safety parts and automobile suspension. The company was incorporated in 1985 and is based in Jaipur, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

RAJASTHAN TUBE MANUFACTURING CO.LTD. reported revenue of ₹170M in FY2026 versus ₹532M in FY2022, a compound −24.8%/yr. Reported net income was ₹12.4M in FY2026, compounding +21.8%/yr from FY2022.

RAJTUBE screens 57% overvalued. Compare with JSW Steel Limited →

Peer Group

Steel · 384 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.