SRU Steels Ltd
Incorporated in 1995, SRU Steels Ltd does trading of stainless steels and acts as consignment agent[1]
- Market Cap ₹ 12.6 Cr.
- Current Price ₹ 10.5
- High / Low ₹ 30.2 / 8.47
- Stock P/E 17.7
- Book Value ₹ 11.2
- Dividend Yield 0.63 %
- ROCE 9.43 %
- ROE 5.39 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.91 times its book value
Cons
- The company has delivered a poor sales growth of -5.86% over past five years.
- Promoter holding is low: 4.65%
- Company has a low return on equity of 3.01% over last 3 years.
- Promoter holding has decreased over last 3 years: -14.7%
- Working capital days have increased from 202 days to 295 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1.20 | 0.54 | 0.68 | 0.53 | 0.46 | 0.93 | 21.36 | 33.32 | 38.47 | 26.25 | 14.10 | 15.79 | 26.33 | |
1.09 | 0.42 | 0.54 | 0.86 | 0.88 | 0.84 | 20.86 | 33.16 | 38.55 | 26.19 | 14.48 | 15.37 | 25.20 | |
Operating Profit | 0.11 | 0.12 | 0.14 | -0.33 | -0.42 | 0.09 | 0.50 | 0.16 | -0.08 | 0.06 | -0.38 | 0.42 | 1.13 |
OPM % | 9.17% | 22.22% | 20.59% | -62.26% | -91.30% | 9.68% | 2.34% | 0.48% | -0.21% | 0.23% | -2.70% | 2.66% | 4.29% |
0.00 | 0.06 | 0.08 | 0.61 | 0.76 | 0.39 | 0.39 | 0.29 | 0.50 | 0.82 | 0.95 | 0.93 | 0.00 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.46 | 0.15 | 0.31 | 0.09 |
Depreciation | 0.06 | 0.05 | 0.04 | 0.04 | 0.06 | 0.05 | 0.03 | 0.03 | 0.07 | 0.13 | 0.11 | 0.10 | 0.09 |
Profit before tax | 0.05 | 0.13 | 0.18 | 0.24 | 0.28 | 0.43 | 0.86 | 0.42 | 0.30 | 0.29 | 0.31 | 0.94 | 0.95 |
Tax % | 40.00% | 30.77% | 33.33% | 33.33% | 32.14% | 32.56% | 25.58% | 28.57% | 26.67% | 27.59% | 25.81% | 26.60% | |
0.03 | 0.09 | 0.12 | 0.16 | 0.20 | 0.30 | 0.64 | 0.30 | 0.22 | 0.21 | 0.23 | 0.70 | 0.71 | |
EPS in Rs | 0.06 | 0.17 | 0.22 | 0.13 | 0.17 | 0.25 | 0.53 | 0.25 | 0.18 | 0.18 | 0.19 | 0.58 | 0.60 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.41% |
Compounded Sales Growth | |
---|---|
10 Years: | 40% |
5 Years: | -6% |
3 Years: | -26% |
TTM: | 178% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 2% |
3 Years: | 47% |
TTM: | 145% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -62% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 3.63 | 3.63 | 3.63 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 11.99 |
Reserves | 0.88 | 0.97 | 1.10 | 2.63 | 2.83 | 3.14 | 3.75 | 4.05 | 4.27 | 4.45 | 4.68 | 5.30 | 1.44 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | 0.55 | 0.00 | 0.00 | |
2.93 | 0.23 | 1.88 | 2.09 | 2.85 | 5.26 | 5.24 | 1.59 | 6.64 | 5.14 | 4.38 | 6.51 | 1.13 | |
Total Liabilities | 7.44 | 4.83 | 6.61 | 12.71 | 13.67 | 16.39 | 16.98 | 13.63 | 18.90 | 17.98 | 17.60 | 19.80 | 14.56 |
0.19 | 0.15 | 0.12 | 0.08 | 0.14 | 0.11 | 0.08 | 0.41 | 0.71 | 0.57 | 0.48 | 0.45 | 0.41 | |
CWIP | 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 |
Investments | 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 |
7.25 | 4.68 | 6.49 | 12.63 | 13.53 | 16.28 | 16.90 | 13.22 | 18.19 | 17.41 | 17.12 | 19.35 | 14.15 | |
Total Assets | 7.44 | 4.83 | 6.61 | 12.71 | 13.67 | 16.39 | 16.98 | 13.63 | 18.90 | 17.98 | 17.60 | 19.80 | 14.56 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.05 | -0.41 | -0.20 | -0.06 | -0.72 | 0.98 | -0.01 | -0.13 | 8.42 | -10.62 | -0.30 | ||
0.00 | -0.02 | 0.41 | -0.12 | 0.38 | 0.38 | -0.07 | 0.09 | 0.70 | 0.88 | 0.82 | ||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | -0.55 | ||
Net Cash Flow | 0.05 | -0.43 | 0.21 | -0.17 | -0.34 | 1.36 | -0.07 | -0.03 | 9.12 | -9.60 | -0.03 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 2,068.33 | 2,196.76 | 1,513.68 | 1,391.13 | 975.98 | 934.09 | 210.52 | 48.75 | 59.96 | 61.60 | 70.67 | 70.97 |
Inventory Days | 0.00 | 19.15 | 0.00 | 18.24 | 11.93 | 29.12 | 55.17 | |||||
Days Payable | 90.79 | 26.66 | 23.85 | 19.23 | 66.41 | |||||||
Cash Conversion Cycle | 2,068.33 | 2,196.76 | 1,513.68 | 1,391.13 | 975.98 | 934.09 | 138.89 | 48.75 | 51.55 | 49.67 | 80.57 | 59.72 |
Working Capital Days | 1,216.67 | 2,690.19 | 719.26 | 6,941.89 | 8,093.48 | 4,038.55 | 178.57 | 115.35 | 100.00 | 22.53 | 287.60 | 294.96 |
ROCE % | 2.85% | 3.86% | 3.13% | 2.61% | 3.92% | 7.43% | 3.53% | 2.88% | 6.06% | 3.53% | 9.43% |
Documents
Announcements
- Certificate Under Reg 40 (9) Read With Reg 40(10) Of SEBI (LODR), 2015 29 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 20 Apr
-
Compliance For The Period Ended March 2024
17 Apr - Listing Obligation and Disclosure Requirements) Regulations, 2015 compliance certificate for the year ended 31st March 2024
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - In compliance with Reg 74(5) of SEBI (Depository Participants) Regulation, 2018 , please find enclosed details.
- Closure of Trading Window 30 Mar
Business Overview:[1][2][3]
Company trades in various types of steel products viz. stainless steels, mild steels, steel coils, sheets, carbon iron steel and also does sale of products on commission basis. Company is planning to sell directly to customers along with consignment sales. It has a franchisee of M/s Jindal Steel & Power Limited for trading in steel. Company is operating in Delhi and Ahmedabad only