Steel Exchange India Ltd
Incorporated in 1999, Steel Exchange India Ltd. is engaged in manufacturing and sale of steel and related products and generation of power. [1]
- Market Cap ₹ 1,489 Cr.
- Current Price ₹ 12.6
- High / Low ₹ 18.4 / 7.80
- Stock P/E 137
- Book Value ₹ 5.57
- Dividend Yield 0.00 %
- ROCE 8.29 %
- ROE 1.86 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.52%
- The company has delivered a poor sales growth of 1.24% over past five years.
- Company has a low return on equity of 3.69% over last 3 years.
- Promoters have pledged 62.4% of their holding.
- Debtor days have increased from 39.6 to 58.5 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 52.7 days to 103 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.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 979 | 1,252 | 1,562 | 1,658 | 1,271 | 922 | 1,024 | 781 | 898 | 1,099 | 1,375 | 1,089 | |
| 883 | 1,124 | 1,387 | 1,506 | 1,197 | 933 | 1,000 | 710 | 764 | 993 | 1,279 | 993 | |
| Operating Profit | 96 | 127 | 175 | 152 | 74 | -11 | 24 | 71 | 134 | 106 | 97 | 96 |
| OPM % | 10% | 10% | 11% | 9% | 6% | -1% | 2% | 9% | 15% | 10% | 7% | 9% |
| 20 | 7 | 12 | 11 | -46 | -39 | -1 | -1 | 77 | 20 | 5 | 4 | |
| Interest | 63 | 80 | 128 | 123 | 157 | 136 | 10 | 3 | 26 | 88 | 106 | 78 |
| Depreciation | 12 | 15 | 25 | 27 | 30 | 29 | 30 | 27 | 43 | 24 | 24 | 21 |
| Profit before tax | 40 | 39 | 35 | 14 | -159 | -215 | -17 | 39 | 143 | 14 | -28 | 1 |
| Tax % | -32% | 8% | 18% | 46% | 1% | 21% | -114% | -64% | 2% | -704% | -108% | -757% |
| 53 | 36 | 28 | 7 | -157 | -170 | -37 | 64 | 140 | 116 | -59 | 11 | |
| EPS in Rs | 1.03 | 0.69 | 0.55 | 0.14 | -2.07 | -2.24 | -0.48 | 0.85 | 1.74 | 1.32 | -0.57 | 0.09 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 1% |
| 3 Years: | 7% |
| TTM: | -21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | 18% |
| 3 Years: | -47% |
| TTM: | 118% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 60% |
| 3 Years: | 29% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 11% |
| 3 Years: | 4% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 52 | 52 | 52 | 76 | 76 | 76 | 76 | 76 | 80 | 88 | 104 | 120 |
| Reserves | 230 | 266 | 323 | 288 | 222 | 52 | 15 | 80 | 222 | 392 | 403 | 542 |
| Preference Capital | -0 | -0 | -0 | 19 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |
| 421 | 399 | 713 | 673 | 982 | 1,069 | 1,021 | 1,014 | 438 | 458 | 359 | 382 | |
| 514 | 624 | 774 | 830 | 436 | 337 | 315 | 217 | 249 | 178 | 266 | 224 | |
| Total Liabilities | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,268 |
| 325 | 350 | 614 | 591 | 695 | 717 | 691 | 666 | 612 | 596 | 579 | 570 | |
| CWIP | 4 | 9 | 46 | 53 | 54 | 5 | 4 | 4 | 6 | 7 | 13 | 50 |
| Investments | 35 | 35 | -0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 |
| 854 | 948 | 1,202 | 1,223 | 966 | 811 | 732 | 717 | 371 | 514 | 540 | 648 | |
| Total Assets | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,268 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 77 | 147 | 91 | 166 | -149 | 50 | 60 | 37 | 79 | 5 | 138 | -48 | |
| -10 | -46 | -34 | -9 | -6 | -2 | -3 | -2 | 13 | 9 | -14 | -49 | |
| -66 | -102 | -49 | -163 | 151 | -49 | -58 | -10 | -116 | -1 | -120 | 98 | |
| Net Cash Flow | 1 | -1 | 8 | -5 | -4 | -0 | -1 | 25 | -23 | 13 | 4 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 62 | 72 | 59 | 62 | 39 | 14 | 18 | 22 | 31 | 30 | 58 |
| Inventory Days | 196 | 218 | 195 | 190 | 215 | 268 | 257 | 344 | 100 | 98 | 88 | 123 |
| Days Payable | 196 | 185 | 169 | 153 | 36 | 45 | 59 | 65 | 49 | 33 | 45 | 52 |
| Cash Conversion Cycle | 97 | 95 | 99 | 96 | 241 | 262 | 212 | 297 | 74 | 95 | 73 | 129 |
| Working Capital Days | 94 | 74 | 88 | 70 | 143 | 135 | 107 | 155 | 40 | 38 | 18 | 103 |
| ROCE % | 17% | 18% | 13% | 4% | -3% | -0% | 5% | 11% | 11% | 9% |
Documents
Announcements
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 1d
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Circulars, Please find the enclosed Annual Secetarial Compliance Report issued by B S S & Associates, PCS, for FY ended 31st March, 2024.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 13 May
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
4 May - News paper publication on May 04, 2024 in Business Standard (English) and Eenadu (Telugu) regarding Audited Financial Results of the company for the quarter and …
-
Announcement under Regulation 30 (LODR)-Change in Directorate
3 May - Appointment of Mr. Ram Mohan Nagoji (DIN: 02895361) as a Nominee Director of the Company w.e.f 03rd May, 2024, subject to the approval of Shareholders
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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History
Steel Exchange India Ltd was incorporated in 1999 as Pyxis Technology Solutions Ltd. In December 1999 the Steel Exchange India Ltd was incorporated as a 100 percent subsidiary of Pyxis Technologies. The promoters ventured into steel manufacturing by acquiring Simhadri Steels in 2004. Under a Scheme of Amalgamation approved by the Members of the Companies, SEIL(subsidiary) and Simhadri Steels were merged with Pyxis Technologies under the name of Steel Exchange India Ltd. Simhadri Power Ltd was later merged to Steel Exchange India Ltd In the Year 2014. [1]