Panchmahal Steel Ltd
Incorporated in 1972, Panchmahal Steel Ltd manufactures Stainless Steel Long Products viz. Bars, Rods and Wires[1]
- Market Cap ₹ 338 Cr.
- Current Price ₹ 177
- High / Low ₹ 195 / 103
- Stock P/E 211
- Book Value ₹ 81.1
- Dividend Yield 0.00 %
- ROCE 4.30 %
- ROE 0.88 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.31% over past five years.
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
463 | 340 | 327 | 390 | 290 | 329 | 396 | 453 | 330 | 339 | 574 | 489 | 459 | |
434 | 320 | 316 | 380 | 292 | 311 | 379 | 430 | 327 | 316 | 498 | 473 | 443 | |
Operating Profit | 29 | 20 | 11 | 11 | -2 | 18 | 16 | 23 | 4 | 23 | 76 | 16 | 16 |
OPM % | 6% | 6% | 3% | 3% | -1% | 5% | 4% | 5% | 1% | 7% | 13% | 3% | 3% |
1 | 2 | 3 | 3 | 3 | 4 | 5 | 2 | 2 | 4 | 4 | 1 | 3 | |
Interest | 10 | 9 | 9 | 11 | 11 | 14 | 13 | 14 | 14 | 10 | 6 | 7 | 9 |
Depreciation | 12 | 8 | 7 | 9 | 8 | 8 | 8 | 8 | 8 | 7 | 8 | 8 | 8 |
Profit before tax | 8 | 5 | -3 | -6 | -19 | 0 | 0 | 4 | -15 | 10 | 67 | 2 | 2 |
Tax % | 31% | 29% | 38% | 37% | 33% | -16% | -41% | 33% | -112% | 0% | 12% | 28% | |
6 | 4 | -2 | -4 | -13 | 0 | 1 | 3 | -32 | 10 | 59 | 1 | 2 | |
EPS in Rs | 3.04 | 1.98 | -0.95 | -1.85 | -6.60 | 0.15 | 0.29 | 1.34 | -16.88 | 5.14 | 30.71 | 0.72 | 0.84 |
Dividend Payout % | 82% | 63% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 14% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | -8% |
5 Years: | 20% |
3 Years: | 27% |
TTM: | -89% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 36% |
3 Years: | 62% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | 6% |
3 Years: | 17% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 118 | 119 | 119 | 115 | 102 | 102 | 102 | 104 | 73 | 83 | 141 | 135 | 136 |
45 | 48 | 51 | 56 | 62 | 70 | 70 | 69 | 72 | 55 | 28 | 76 | 59 | |
135 | 119 | 131 | 111 | 86 | 120 | 110 | 89 | 89 | 121 | 111 | 65 | 64 | |
Total Liabilities | 317 | 305 | 320 | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 279 |
115 | 116 | 119 | 116 | 108 | 101 | 96 | 90 | 82 | 75 | 73 | 71 | 68 | |
CWIP | 4 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
199 | 183 | 200 | 185 | 160 | 209 | 205 | 192 | 170 | 202 | 226 | 224 | 210 | |
Total Assets | 317 | 305 | 320 | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 279 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
24 | 22 | 9 | 11 | 3 | 6 | 14 | 14 | 7 | 29 | 38 | -30 | |
-6 | -11 | -2 | -4 | 1 | 1 | -1 | 0 | 3 | -0 | -3 | -6 | |
-19 | -11 | -7 | -6 | -6 | -6 | -14 | -14 | -10 | -28 | -32 | 34 | |
Net Cash Flow | -1 | 0 | 0 | 2 | -1 | 1 | -0 | 0 | 0 | 1 | 2 | -3 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 20 | 29 | 40 | 28 | 31 | 48 | 34 | 22 | 28 | 36 | 26 | 33 |
Inventory Days | 169 | 204 | 221 | 155 | 188 | 219 | 173 | 155 | 205 | 237 | 159 | 156 |
Days Payable | 123 | 154 | 190 | 127 | 128 | 177 | 129 | 97 | 128 | 182 | 89 | 51 |
Cash Conversion Cycle | 66 | 80 | 70 | 56 | 90 | 89 | 78 | 81 | 105 | 91 | 97 | 138 |
Working Capital Days | 39 | 55 | 59 | 50 | 63 | 70 | 65 | 61 | 81 | 75 | 69 | 113 |
ROCE % | 10% | 7% | 3% | 2% | -4% | 7% | 7% | 9% | -2% | 11% | 41% | 4% |
Documents
Announcements
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 16 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 16 Apr
- Reg. 40(10) - PCS Certificate For Transfer / Transmission / Transposition 16 Apr
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Compliance Certificate For The Year Ended 31.03.2024
5 Apr - Reg. 7(3) - Compliance Certificate (RTA & Compliance Officer) for the year ended 31.03.2024.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31.03.2024.
Annual reports
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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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Financial Year 2009
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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