Inducto Steel Ltd

Inducto Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Inducto Steel Ltd

₹ 62.6 -0.35%
31 May - close price
hariyanagroup.com BSE: 532001
About

Incorporated in 1988, Inducto Steel Ltd is in the business of ship breaking, trading and investment activities[1]

Key Points

Business Overview:[1][2]
Company is a part of Haryana Group which is engaged in ship breaking business and steel trading business. Company also does ship breaking in the Alang-Sosiya belt of Bhavnagar region of Gujarat, with plot size of 2385 square meters having frontage of 45 mt. Company’s operations are carried out at premises leased out by Gujarat Maritime Board (GMB) in Bhavnagar.
Apart from ship breaking business, company is also engaged in trading of metal scrap, coals, aluminium foil & other inputs. Also, company lends out excess capital to other parties and invests in shares and securities

Website BSE
  • Market Cap ₹ 25.2 Cr.
  • Current Price ₹ 62.6
  • High / Low ₹ 80.7 / 28.7
  • Stock P/E 157
  • Book Value ₹ 108
  • Dividend Yield 0.00 %
  • ROCE 7.27 %
  • ROE 0.37 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.58 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
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.33% over last 3 years.
  • Promoters have pledged 43.3% of their holding.
  • Earnings include an other income of Rs.1.78 Cr.
  • Company's cost of borrowing seems high

* 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: Ship Building Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
0.00 5.89 13.54 4.43 33.59 30.72 5.20 39.38 14.72 17.74 43.33 22.25 20.73
1.45 3.43 13.50 4.37 33.28 30.29 5.27 39.99 13.60 18.33 41.48 21.39 20.52
Operating Profit -1.45 2.46 0.04 0.06 0.31 0.43 -0.07 -0.61 1.12 -0.59 1.85 0.86 0.21
OPM % 41.77% 0.30% 1.35% 0.92% 1.40% -1.35% -1.55% 7.61% -3.33% 4.27% 3.87% 1.01%
0.01 0.01 0.06 0.06 0.09 0.10 0.11 1.06 0.03 1.30 0.30 0.14 0.03
Interest 0.12 0.14 0.01 0.15 0.02 0.07 0.15 0.03 0.62 1.35 1.09 0.76 0.36
Depreciation 0.06 0.05 0.05 0.05 0.05 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Profit before tax -1.62 2.28 0.04 -0.08 0.33 0.39 -0.18 0.35 0.46 -0.71 0.99 0.17 -0.19
Tax % 3.09% 9.65% 25.00% 25.00% 30.30% 23.08% 0.00% 54.29% 32.61% 1.41% 8.08% 29.41% 10.53%
-1.57 2.07 0.03 -0.06 0.23 0.29 -0.17 0.16 0.30 -0.70 0.91 0.12 -0.17
EPS in Rs -3.91 5.15 0.07 -0.15 0.57 0.72 -0.42 0.40 0.75 -1.74 2.27 0.30 -0.42
Raw PDF

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
140 354 206 156 23 21 76 46 3 57 90 104
145 362 211 156 25 22 74 47 4 55 88 102
Operating Profit -5 -8 -5 1 -2 -1 2 -1 -1 3 2 2
OPM % -3% -2% -2% 1% -8% -4% 2% -3% -37% 5% 2% 2%
14 20 18 8 4 2 0 2 0 0 1 2
Interest 1 5 8 8 2 0 1 0 0 0 1 4
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 8 6 5 2 1 0 1 0 -1 3 1 0
Tax % 33% 34% 32% 33% 30% 38% 43% 26% 0% 12% 43% 35%
6 4 3 1 1 0 0 0 -1 2 1 0
EPS in Rs 13.87 10.08 8.07 2.59 1.47 0.60 1.07 0.42 -3.46 5.63 1.44 0.40
Dividend Payout % 30% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -12%
5 Years: 7%
3 Years: 229%
TTM: 16%
Compounded Profit Growth
10 Years: -28%
5 Years: -18%
3 Years: 28%
TTM: -72%
Stock Price CAGR
10 Years: 5%
5 Years: 36%
3 Years: 43%
1 Year: 75%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 2%
Last Year: 0%

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 5 5 5 5 4 4 4 4 4 4 4 4
Reserves 27 31 34 35 37 37 37 38 36 38 39 39
48 84 0 0 0 0 0 0 5 5 16 3
38 127 198 171 25 0 12 0 0 35 1 1
Total Liabilities 117 247 238 212 66 41 53 42 45 83 59 47
1 1 1 1 1 1 1 3 2 3 3 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 2 67 52 3 34 31 34 39 22 35 25
117 244 169 158 62 6 21 6 4 58 22 20
Total Assets 117 247 238 212 66 41 53 42 45 83 59 47

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
-11 -28 74 -15 -52 32 -2 4 2 -1 -6
0 -2 -66 23 54 -32 3 -4 -6 17 -13
12 31 -8 -8 -2 -0 -1 -0 4 -5 15
Net Cash Flow 0 0 0 -0 -0 -0 0 -0 -0 10 -4

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 100 48 200 274 15 2 8 14 12 94 10 11
Inventory Days 29 5 27 0 321 10 79 1 18 149 37 46
Days Payable 98 119 335 334 0 58 0 0 245 0 0
Cash Conversion Cycle 31 -66 -109 274 2 11 29 15 30 -2 47 57
Working Capital Days 185 120 -54 -34 566 80 38 15 74 27 50 58
ROCE % 17% 12% 15% 21% 6% 2% 4% 1% -3% 6% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.32% 69.32% 69.32% 69.32% 69.32% 69.32% 69.32% 69.32% 69.32% 69.32% 69.32% 69.32%
30.68% 30.68% 30.68% 30.68% 30.68% 30.69% 30.68% 30.69% 30.67% 30.68% 30.67% 30.68%
No. of Shareholders 7377397387267347568508928809591,0401,153

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