Steel Strips Infrastructures Ltd

Steel Strips Infrastructures Ltd

₹ 36.3 1.03%
26 Apr - close price
About

Incorporated in 1973, Steel Strips Infrastructures Limited deals in real estate business.

Key Points

Business Overview:[1]
Company does infrastructure real estate trading and commission agency business. It operates in Real Estate business, Infrastructure Project of commercial parking under Built Operate and Transfer scheme, Trading and Agency business and Services.

  • Market Cap 31.4 Cr.
  • Current Price 36.3
  • High / Low 39.9 / 16.0
  • Stock P/E 0.82
  • Book Value 127
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE -2.63 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.29 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%

Cons

  • Earnings include an other income of Rs.46.3 Cr.
  • Debtor days have increased from 80.8 to 102 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: Realty Industry: Construction

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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
0.31 0.13 0.27 0.28 0.28 0.28 0.28 0.28 0.28 0.27 0.27 0.32 0.31
0.68 0.52 0.51 0.63 0.63 6.31 0.54 2.68 0.52 0.90 0.55 0.60 6.92
Operating Profit -0.37 -0.39 -0.24 -0.35 -0.35 -6.03 -0.26 -2.40 -0.24 -0.63 -0.28 -0.28 -6.61
OPM % -119.35% -300.00% -88.89% -125.00% -125.00% -2,153.57% -92.86% -857.14% -85.71% -233.33% -103.70% -87.50% -2,132.26%
3.50 6.31 6.15 31.31 0.65 0.01 1.70 0.02 0.50 0.02 21.53 24.68 0.03
Interest 0.12 0.15 0.12 0.12 0.11 0.11 0.10 0.10 0.10 0.10 0.10 0.09 0.08
Depreciation 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 3.00 5.76 5.78 30.83 0.18 -6.13 1.34 -2.48 0.16 -0.71 21.15 24.31 -6.66
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%
3.00 5.77 5.78 30.84 0.18 -6.13 1.34 -2.48 0.16 -0.71 21.15 24.31 -6.66
EPS in Rs 3.47 6.68 6.69 35.68 0.21 -7.09 1.55 -2.87 0.19 -0.82 24.47 28.13 -7.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2 1 1 1 1
21 2 2 2 9
Operating Profit -19 -1 -1 -1 -8
OPM % -804% -158% -113% -119% -667%
0 15 32 0 46
Interest 1 0 0 0 0
Depreciation 0 0 0 0 0
Profit before tax -19 13 31 -2 38
Tax % 0% 0% 0% 0%
-19 13 31 -2 38
EPS in Rs -22.53 15.38 35.49 -1.96 44.07
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -22%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: 636%
Stock Price CAGR
10 Years: 21%
5 Years: 38%
3 Years: 111%
1 Year: 77%
Return on Equity
10 Years: %
5 Years: %
3 Years: 30%
Last Year: -3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9
Reserves 12 26 57 54 101
5 5 4 3 3
4 6 8 10 12
Total Liabilities 30 46 78 77 124
0 0 0 0 0
CWIP 0 0 0 0 0
Investments 28 34 67 65 113
2 11 11 11 11
Total Assets 30 46 78 77 124

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 -1 1 1
0 0 0 0
-1 1 -1 -1
Net Cash Flow -1 1 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 62 79 102
Inventory Days
Days Payable
Cash Conversion Cycle 17 62 79 102
Working Capital Days 842 2,051 914 263
ROCE %

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
49.75% 49.75% 49.75% 49.75% 49.75% 49.75% 49.75% 49.75% 49.74% 49.75% 49.75% 49.74%
No. of Shareholders 13,71115,71215,56615,71815,68715,73715,66715,53715,43115,36015,18414,996

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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