Kanishk Steel Industries Ltd

₹ 44.0 -3.80%

04 Sep - close price

About

Incorporated in 1989, Kanishk Steel Ltd is a manufacturer and supplier of Iron & Steel products^[1]

Key Points

Business Overview:^[1]
KSL is an ISO 9001:2000 certified company and is a partof OPG Enterprises Group. The company manufactures steel products (Finished goods) both Constructional steel and Structural steel conforming to the Bureau of Indian Standards BIS 1786 and IS 2062 (equivalent to ASTM, BS, DIN)

Website BSE

Market Cap ₹ 125 Cr.
Current Price ₹ 44.0
High / Low ₹ 67.0 / 40.2
Stock P/E 18.3
Book Value ₹ 39.0
Dividend Yield 0.00 %
ROCE 9.10 %
ROE 4.78 %
Face Value ₹ 10.0

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Pros

Stock is trading at 1.13 times its book value
Company's working capital requirements have reduced from 23.5 days to 16.2 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 10.6% over past five years.
Tax rate seems low
Company has a low return on equity of 2.88% over last 3 years.
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

Industrials Capital Goods Industrial Products Iron & Steel Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	107.66	90.16	92.80	97.46	79.73	93.64	88.07	98.57	101.21	94.92	96.27	114.17	87.39
	104.55	87.86	88.58	100.33	78.96	91.37	84.68	96.89	98.07	92.00	93.42	109.28	83.08
Operating Profit	3.11	2.30	4.22	-2.87	0.77	2.27	3.39	1.68	3.14	2.92	2.85	4.89	4.31
OPM %	2.89%	2.55%	4.55%	-2.94%	0.97%	2.42%	3.85%	1.70%	3.10%	3.08%	2.96%	4.28%	4.93%
	1.08	1.90	2.06	1.62	1.65	0.46	9.14	0.39	0.05	0.24	0.65	0.64	0.24
Interest	1.08	0.75	1.17	1.35	1.26	1.22	0.75	0.60	0.66	0.81	0.75	4.22	1.20
Depreciation	1.48	1.05	2.09	0.64	0.49	0.49	0.49	0.49	0.49	0.57	1.23	0.86	1.04
Profit before tax	1.63	2.40	3.02	-3.24	0.67	1.02	11.29	0.98	2.04	1.78	1.52	0.45	2.31
Tax %	13.50%	2.92%	21.85%	8.33%	68.66%	31.37%	20.02%	264.29%	29.41%	-2.25%	-44.08%	-180.00%	35.50%
	1.41	2.33	2.36	-3.50	0.21	0.70	9.02	-1.61	1.45	1.82	2.19	1.25	1.49
EPS in Rs	0.50	0.82	0.83	-1.23	0.07	0.25	3.18	-0.57	0.51	0.64	0.77	0.44	0.52
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	304	272	229	234	330	257	245	314	402	388	360	407	393
	295	270	227	227	320	255	258	296	401	381	352	393	378
Operating Profit	9	2	2	7	10	2	-13	18	1	7	8	14	15
OPM %	2.9%	0.8%	0.7%	3.0%	3.2%	0.8%	-5%	6%	0.2%	1.8%	2.3%	3.4%	3.8%
	1	10	7	1	2	3	22	17	16	7	12	2	2
Interest	5	5	5	5	4	2	2	2	1	4	4	6	7
Depreciation	4	2	1	1	1	1	1	1	1	5	2	3	4
Profit before tax	1	6	1	3	7	2	6	32	14	4	14	6	6
Tax %	81%	23%	68%	41%	41%	-21%	10%	18%	33%	32%	40%	12%
	0	5	0	2	4	2	6	26	10	3	8	5	7
EPS in Rs	0.10	1.67	0.17	0.56	1.50	0.71	2.00	9.26	3.35	0.92	2.93	1.80	2.37
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	4%
5 Years:	11%
3 Years:	0%
TTM:	3%

Compounded Profit Growth
10 Years:	37%
5 Years:	-2%
3 Years:	61%
TTM:	-28%

Stock Price CAGR
10 Years:	20%
5 Years:	18%
3 Years:	8%
1 Year:	-8%

Return on Equity
10 Years:	7%
5 Years:	7%
3 Years:	3%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	28	28	28	28	28	28	28	28	28	28	28	28
Reserves	14	19	17	19	23	25	31	57	66	69	77	82
	5	22	15	9	19	17	17	18	49	54	25	28
	95	89	77	78	58	47	27	36	28	40	51	42
Total Liabilities	143	158	138	135	128	118	103	140	172	192	182	181
	16	15	12	12	11	10	9	11	51	33	31	73
CWIP	0	0	0	3	4	4	4	4	6	20	43	2
Investments	5	5	3	3	2	3	23	26	11	17	10	8
	122	138	123	117	111	101	67	99	104	122	98	98
Total Assets	143	158	138	135	128	118	103	140	172	192	182	181

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13	-12	17	-3	-7	3	-4	1	-3	33	1	6
	-1	-0	-7	11	-1	1	2	-1	-26	-31	28	-3
	-14	14	-10	-8	8	-4	2	-0	30	1	-33	-3
Net Cash Flow	-2	2	-0	-0	0	-0	0	-0	0	3	-3	-0
Free Cash Flow	12	-12	17	-6	-7	3	-4	-2	-47	0	-23	3
CFO/OP	159%	-427%	1,112%	-14%	-36%	316%	30%	8%	433%	432%	16%	49%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	52	94	80	86	34	40	27	14	25	20	18	18
Inventory Days	67	63	86	96	63	80	69	96	48	29	83	69
Days Payable	89	84	93	104	52	50	34	31	15	22	22	11
Cash Conversion Cycle	30	73	73	78	45	70	62	79	58	27	80	76
Working Capital Days	19	26	22	42	34	45	30	49	43	38	17	16
ROCE %	12%	9%	10%	12%	18%	6%	11%	35%	3%	6%	6%	9%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Installed Capacity - Billet / Induction Furnace
TPA

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Installed Capacity - Rolling Mill
TPA

Permanent Employees on Rolls
employees

Share of Traded Goods in Revenue
% of revenue

Working Capital Limit Utilization
%

Captive Power Capacity
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.52%	68.01%	67.89%	67.81%	67.68%	67.50%	67.45%	67.16%	67.00%	66.84%	66.81%	66.72%
	30.49%	31.99%	32.11%	32.20%	32.30%	32.50%	32.54%	32.83%	33.00%	33.16%	33.18%	33.27%
No. of Shareholders	6,464	6,713	7,126	7,417	7,331	7,333	7,384	7,348	7,234	7,117	7,015	6,972

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	70.63%	70.53%	70.61%	70.61%	70.61%	70.43%	70.32%	67.89%	67.45%	66.81%	66.72%
	29.37%	29.47%	29.39%	29.39%	29.39%	29.57%	29.67%	32.11%	32.54%	33.18%	33.27%
No. of Shareholders	5,190	5,141	5,145	5,111	5,077	5,732	6,298	7,126	7,384	7,015	6,972

Kanishk Steel Industries Ltd

Kanishk Steel Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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