Panchmahal Steel Ltd
₹ 152
-0.49%
23 May
3:10 p.m.
About
Incorporated in 1972, Panchmahal Steel Ltd manufactures Stainless Steel Long Products viz. Bars, Rods and Wires[1]
Key Points
- Market Cap ₹ 290 Cr.
- Current Price ₹ 152
- High / Low ₹ 332 / 135
- Stock P/E 37.3
- Book Value ₹ 84.2
- Dividend Yield 0.00 %
- ROCE 5.55 %
- ROE 1.91 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -1.15% over past five years.
- Company has a low return on equity of 13.8% 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
Sector: Steel Industry: Steel - Medium / Small
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Quarterly Results
Figures in Rs. Crores
Upcoming result date: today
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
340 | 327 | 390 | 290 | 329 | 396 | 453 | 330 | 339 | 574 | 489 | 428 | 390 | |
320 | 316 | 380 | 292 | 311 | 379 | 430 | 327 | 316 | 498 | 473 | 412 | 369 | |
Operating Profit | 20 | 11 | 11 | -2 | 18 | 16 | 23 | 4 | 23 | 76 | 16 | 16 | 21 |
OPM % | 6% | 3% | 3% | -1% | 5% | 4% | 5% | 1% | 7% | 13% | 3% | 4% | 5% |
2 | 3 | 3 | 3 | 4 | 5 | 2 | 2 | 4 | 4 | 1 | 4 | 3 | |
Interest | 9 | 9 | 11 | 11 | 14 | 13 | 14 | 14 | 10 | 6 | 7 | 8 | 6 |
Depreciation | 8 | 7 | 9 | 8 | 8 | 8 | 8 | 8 | 7 | 8 | 8 | 8 | 8 |
Profit before tax | 5 | -3 | -6 | -19 | 0 | 0 | 4 | -15 | 10 | 67 | 2 | 4 | 11 |
Tax % | 29% | -38% | -37% | -33% | -16% | -41% | 33% | 112% | 0% | 12% | 28% | 24% | |
4 | -2 | -4 | -13 | 0 | 1 | 3 | -32 | 10 | 59 | 1 | 3 | 8 | |
EPS in Rs | 1.98 | -0.95 | -1.85 | -6.60 | 0.15 | 0.29 | 1.34 | -16.88 | 5.14 | 30.71 | 0.72 | 1.56 | 4.08 |
Dividend Payout % | 63% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | -1% |
3 Years: | 8% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 3% |
3 Years: | -29% |
TTM: | 387% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 50% |
3 Years: | 6% |
1 Year: | -31% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 6% |
3 Years: | 14% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 119 | 119 | 115 | 102 | 102 | 102 | 104 | 73 | 83 | 141 | 135 | 138 | 142 |
48 | 51 | 56 | 62 | 70 | 70 | 69 | 72 | 55 | 28 | 76 | 40 | 42 | |
119 | 131 | 111 | 86 | 120 | 110 | 89 | 89 | 121 | 111 | 65 | 38 | 40 | |
Total Liabilities | 305 | 320 | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 |
116 | 119 | 116 | 108 | 101 | 96 | 90 | 82 | 75 | 73 | 71 | 65 | 61 | |
CWIP | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
183 | 200 | 185 | 160 | 209 | 205 | 192 | 170 | 202 | 226 | 224 | 169 | 181 | |
Total Assets | 305 | 320 | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 9 | 11 | 3 | 6 | 14 | 14 | 7 | 29 | 38 | -30 | 40 | |
-11 | -2 | -4 | 1 | 1 | -1 | 0 | 3 | -0 | -3 | -6 | 5 | |
-11 | -7 | -6 | -6 | -6 | -14 | -14 | -10 | -28 | -32 | 34 | -45 | |
Net Cash Flow | 0 | 0 | 2 | -1 | 1 | -0 | 0 | 0 | 1 | 2 | -3 | 0 |
Ratios
Figures in Rs. Crores
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 | 29 | 40 | 28 | 31 | 48 | 34 | 22 | 28 | 36 | 26 | 33 | 35 |
Inventory Days | 204 | 221 | 155 | 188 | 219 | 173 | 155 | 205 | 237 | 159 | 156 | 142 |
Days Payable | 154 | 190 | 127 | 128 | 177 | 129 | 97 | 128 | 182 | 89 | 51 | 27 |
Cash Conversion Cycle | 80 | 70 | 56 | 90 | 89 | 78 | 81 | 105 | 91 | 97 | 138 | 150 |
Working Capital Days | 55 | 59 | 50 | 63 | 70 | 65 | 61 | 81 | 75 | 69 | 113 | 114 |
ROCE % | 7% | 3% | 2% | -4% | 7% | 7% | 9% | -2% | 11% | 41% | 4% | 6% |
Documents
Announcements
- Re-Appointment Of Cost Auditors For FY 2025-26 43s
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Corporate Action-Board approves Dividend
7m - Approved FY25 audited results; recommended Rs.3/share final dividend; re-appointed cost and internal auditors for FY26.
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Audited Financial Results For The Quarter And Financial Year Ended 31.03.2025
14m - Audited financial results for quarter and year ended 31 March 2025 approved with unmodified audit opinion.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 23.05.2025
27m - Approved FY25 audited results; recommended Rs.3/share final dividend; re-appointed cost and internal auditors.
-
Board Meeting Intimation for Approval Of Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31.03.2025 And To Recommend Dividend, If Any, On The Equity Shares Of The Company For FY 2024-25.
19 May - Board meeting on May 23, 2025 to approve FY25 results and consider dividend recommendation.
Annual reports
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Financial Year 2024
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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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Business Overview:[1]
PSL is a producer of Stainless Steel long products in India. It focuses on fully integrated facilities from steel melting to cold finishing, and offers a range of Stainless Steel grades, in hot rolled wire rod & bars and cold finished bars & wires. It offers Stainless Steel in Austenitic, Martensitic, Ferritic, Duplex and low nickel - high manganese (200 series) grades