Chennai Ferrous Industries Ltd

Chennai Ferrous Industries Ltd

₹ 118 1.91%
26 Apr - close price
About

Incorporated in the year 2010, Chennai Ferrous Industries Ltd. is into the manufacturing and trading of sponge iron & coal related products.

Key Points

Product Info:[1]
The company has one business segment namely trading of metals and metal products. Presently, the company moved to trading of steel and coal as the company's management believes that the demand of steel and coal is expected to rise in future with economic and industrial growth.

  • Market Cap 42.4 Cr.
  • Current Price 118
  • High / Low 163 / 103
  • Stock P/E 15.8
  • Book Value 134
  • Dividend Yield 0.00 %
  • ROCE 7.55 %
  • ROE 7.48 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.88 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.40%
  • Tax rate seems low
  • Earnings include an other income of Rs.0.96 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 46.52 12.54 0.60 28.10 54.64 30.70 36.25 40.91 34.80 94.73 5.07 20.55
0.08 40.09 6.40 0.13 19.68 43.34 26.75 36.31 40.27 35.63 93.96 3.16 19.54
Operating Profit -0.08 6.43 6.14 0.47 8.42 11.30 3.95 -0.06 0.64 -0.83 0.77 1.91 1.01
OPM % 13.82% 48.96% 78.33% 29.96% 20.68% 12.87% -0.17% 1.56% -2.39% 0.81% 37.67% 4.91%
0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.70 0.00 0.00 0.96 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.05 0.01 0.00
Depreciation 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27
Profit before tax -0.35 6.16 5.87 0.20 8.15 11.10 3.68 0.37 0.35 -1.10 1.41 1.63 0.74
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.35 6.16 5.87 0.20 8.15 11.10 3.68 0.37 0.35 -1.10 1.41 1.63 0.74
EPS in Rs -0.97 17.09 16.29 0.55 22.61 30.79 10.21 1.03 0.97 -3.05 3.91 4.52 2.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 45 30 29 28 3 13 7 8 46 96 141 155
0 45 39 43 45 5 14 5 4 40 70 138 152
Operating Profit 0 0 -9 -14 -18 -1 -1 2 4 6 26 3 3
OPM % 0% -31% -48% -63% -40% -11% 32% 52% 13% 27% 2% 2%
0 2 11 0 0 0 0 0 0 0 0 1 1
Interest 0 1 0 0 0 0 0 1 0 0 0 0 0
Depreciation 0 1 1 3 1 1 1 1 1 1 1 1 1
Profit before tax 0 0 0 -17 -19 -3 -3 0 3 5 25 3 3
Tax % 180% -43% 4% 0% 0% 0% 0% 0% 0% 0% 0%
0 -0 0 -16 -19 -3 -3 0 3 5 25 3 3
EPS in Rs 0.25 -44.08 -52.52 -6.99 -7.10 0.03 8.88 14.04 70.19 9.13 7.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 61%
3 Years: 161%
TTM: -5%
Compounded Profit Growth
10 Years: 50%
5 Years: 27%
3 Years: 0%
TTM: -83%
Stock Price CAGR
10 Years: %
5 Years: 85%
3 Years: 170%
1 Year: -17%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 4 4 4 4 4 4 4 4 4 4 4 4
Reserves -0 18 18 2 -17 -19 -22 -31 -19 -14 38 42 45
0 2 0 8 9 9 4 32 0 0 0 0 0
0 42 45 83 60 61 61 41 30 56 15 103 14
Total Liabilities 0 66 66 97 56 54 47 46 15 46 57 149 62
0 19 18 16 14 13 12 10 10 9 35 34 34
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 5 24 3 3 3 11 11
0 46 48 81 42 41 30 11 2 34 20 103 17
Total Assets 0 66 66 97 56 54 47 46 15 46 57 149 62

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-10 0 15 -2 -1 10 -3 0 0 0 9
-6 -0 -0 -0 -0 -5 -22 30 -0 -0 -9
16 3 -18 2 -0 -5 27 -32 0 0 -0
Net Cash Flow 1 3 -3 0 -1 0 2 -2 0 0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 131 109 133 190 1,687 462 296 6 177 14 4
Inventory Days 220 348 629 131 4,841 70 702 0 60 1 216
Days Payable 190 209 953 494 19,961 1,575 15,044 449 60 278
Cash Conversion Cycle 161 247 -192 -173 -13,433 -1,044 -14,045 6 -211 -45 -58
Working Capital Days 165 261 -97 -310 -2,714 -1,014 -1,629 -1,202 -139 23 3
ROCE % 0% 6% 2% -94% -393% 158% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.85% 70.85% 70.85% 70.85% 70.85% 70.85% 70.86% 70.86% 70.84% 68.75% 68.70% 68.50%
29.15% 29.15% 29.15% 29.15% 29.15% 29.15% 29.14% 29.14% 29.17% 31.26% 31.30% 31.52%
No. of Shareholders 4,9934,0714,0324,7715,1436,2487,1707,5817,7707,8177,4497,191

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