Meenakshi Steel Industries Ltd

Meenakshi Steel Industries Ltd

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  • Market Cap Cr.
  • Current Price
  • High / Low /
  • Stock P/E
  • Book Value
  • Dividend Yield %
  • ROCE 7.48 %
  • ROE -2.90 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.38% over last 3 years.
  • Working capital days have increased from 157 days to 306 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: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
3.75 5.08 4.65 3.34 6.20 5.42 5.32 6.00 8.36 4.59 6.12 4.96 5.31
0.09 0.16 0.05 0.03 0.11 0.01 0.05 0.05 1.78 1.82 0.12 0.63 0.65
Operating Profit 3.66 4.92 4.60 3.31 6.09 5.41 5.27 5.95 6.58 2.77 6.00 4.33 4.66
OPM % 97.60% 96.85% 98.92% 99.10% 98.23% 99.82% 99.06% 99.17% 78.71% 60.35% 98.04% 87.30% 87.76%
0.00 0.00 0.04 0.61 -0.09 0.00 0.04 0.52 0.02 0.06 0.00 0.50 0.10
Interest 2.61 3.35 3.35 3.02 3.52 4.37 4.82 4.93 5.26 4.59 5.06 5.09 4.34
Depreciation 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
Profit before tax 1.05 1.57 1.29 0.90 2.48 1.04 0.49 1.54 1.34 -1.76 0.94 -0.26 0.42
Tax % 2,068.57% -1,335.67% 24.81% 23.33% 27.02% 24.04% 24.49% 25.97% 25.37% -237.50% 26.60% 0.00% 33.33%
-20.69 22.51 0.95 0.68 1.78 0.77 0.36 1.13 0.98 -5.96 0.68 -0.27 0.27
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.07 0.03 0.04 0.57 14.08 20.17 24.85 20.98
0.04 0.07 0.08 45.17 0.63 0.28 3.75 3.22
Operating Profit 0.03 -0.04 -0.04 -44.60 13.45 19.89 21.10 17.76
OPM % 42.86% -133.33% -100.00% -7,824.56% 95.53% 98.61% 84.91% 84.65%
0.01 0.00 0.00 0.00 0.00 0.00 0.06 0.66
Interest 0.00 0.00 0.00 0.00 7.41 14.26 19.61 19.08
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.04 -0.04 -0.04 -44.60 6.04 5.63 1.55 -0.66
Tax % 50.00% 0.00% -25.00% -37.44% 28.15% 25.75% 325.16%
0.07 -0.41 12.29 -61.30 4.34 4.18 -3.49 -5.28
EPS in Rs
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 252%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: -263%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 1%
Last Year: -3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.99 1.99 1.99 1.99 1.99 1.99 1.99 1.99
Reserves 9.03 8.62 290.30 105.93 126.51 119.32 117.61 114.60
0.00 0.00 0.00 0.00 123.00 170.00 155.00 154.00
0.01 0.02 0.01 16.81 21.44 0.99 0.94 1.00
Total Liabilities 11.03 10.63 292.30 124.73 272.94 292.30 275.54 271.59
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 9.79 10.10 291.82 52.89 83.37 71.93 73.63 66.38
1.24 0.53 0.48 71.84 189.57 220.37 201.91 205.21
Total Assets 11.03 10.63 292.30 124.73 272.94 292.30 275.54 271.59

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 58.38 -240.89 -110.06 -26.61 -4.68
0.00 -58.39 243.35 -13.98 -21.28 27.48
0.00 0.00 0.00 123.00 47.00 -15.00
Net Cash Flow 0.00 -0.01 2.46 -1.04 -0.89 7.79

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days 0.00 6,083.33 365.00 33,701.67 -231.50 396.67 305.51
ROCE % -0.37% 7.48% 7.33% 7.48%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.47% 62.47% 62.47% 62.47% 62.47% 62.47% 62.47% 62.47% 62.47% 62.47% 62.47% 62.47%
37.53% 37.53% 37.53% 37.53% 37.53% 37.53% 37.53% 37.53% 37.53% 37.53% 37.53% 37.53%
No. of Shareholders 11511511511511511511511510310310399

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