Aditya Ispat Ltd

Aditya Ispat Ltd

₹ 10.5 1.45%
24 Jun - close price
About

Incorporated in 1990, Aditya Ispat Ltd manufactures bright steel bars and wires[1]

Key Points

Product Profile:[1]
a) Bright Steel bar:[2]
These are of 2 types viz. Cold Drawn and
Peeled, Turned. It is a basic raw-material
for bolts, nuts, shafts, fasteners, tools, and
manual irrigation equipment.
b) HB wire:[3]
Hard Bright wire is the basic raw material
for weld mesh, welding electrodes and
hardware products.
c) Annealed wire:[3]
It is a type of HB wire which has undergone Annealing Process in the furnace and is mainly used for making Binding wire which is used by
the construction industry.
d) Steel wires:[1]
These are mainly used for making various fasteners, weld mesh, welding electrodes,
in the civil industry, electrical conductors and
also many domestic cum commercial applications.
e) Sections:[4]
Round bars, Square Bars, Hexagons, Flat Bars, Round Corner Square.

  • Market Cap 5.61 Cr.
  • Current Price 10.5
  • High / Low 13.0 / 7.87
  • Stock P/E
  • Book Value 16.0
  • Dividend Yield 0.00 %
  • ROCE 0.72 %
  • ROE -23.9 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.66 times its book value
  • Debtor days have improved from 120 to 74.9 days.
  • Company's working capital requirements have reduced from 150 days to 111 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.38% over past five years.
  • Promoter holding is low: 24.3%
  • Company has a low return on equity of -5.40% over last 3 years.
  • Earnings include an other income of Rs.0.67 Cr.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
18.18 8.08 7.90 6.79 19.33 15.31 8.63 13.72 19.33 13.35 17.95 11.87 18.84
17.29 7.44 7.27 6.19 18.20 14.03 7.58 12.67 18.20 12.19 16.84 10.75 21.10
Operating Profit 0.89 0.64 0.63 0.60 1.13 1.28 1.05 1.05 1.13 1.16 1.11 1.12 -2.26
OPM % 4.90% 7.92% 7.97% 8.84% 5.85% 8.36% 12.17% 7.65% 5.85% 8.69% 6.18% 9.44% -12.00%
0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.03 0.03 0.02 0.02 0.02 0.61
Interest 0.38 0.43 0.42 0.40 0.59 0.76 0.71 0.82 0.59 0.80 0.74 0.76 0.68
Depreciation 0.11 0.14 0.16 0.17 0.24 0.25 0.25 0.25 0.24 0.38 0.38 0.38 0.37
Profit before tax 0.42 0.09 0.07 0.05 0.33 0.29 0.11 0.01 0.33 0.00 0.01 0.00 -2.70
Tax % 30.95% 33.33% 28.57% -100.00% 45.45% 24.14% 27.27% 0.00% 45.45% 0.00% 13.33%
0.29 0.05 0.04 0.10 0.17 0.21 0.08 0.01 0.17 0.01 0.01 0.00 -2.33
EPS in Rs 0.54 0.09 0.07 0.19 0.32 0.39 0.15 0.02 0.32 0.02 0.02 0.00 -4.36
Raw PDF

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
18.78 29.13 30.94 28.26 34.77 28.62 39.61 30.74 49.71 42.11 53.33 62.01
17.66 27.68 29.33 26.54 32.64 26.52 37.44 28.82 47.25 39.13 48.85 60.86
Operating Profit 1.12 1.45 1.61 1.72 2.13 2.10 2.17 1.92 2.46 2.98 4.48 1.15
OPM % 5.96% 4.98% 5.20% 6.09% 6.13% 7.34% 5.48% 6.25% 4.95% 7.08% 8.40% 1.85%
0.02 0.03 0.05 0.05 0.05 0.07 0.07 0.07 0.07 0.10 0.12 0.67
Interest 0.66 0.87 0.89 0.92 1.17 1.24 1.21 1.24 1.56 1.84 2.97 2.99
Depreciation 0.15 0.21 0.30 0.38 0.40 0.41 0.43 0.41 0.42 0.72 1.23 1.50
Profit before tax 0.33 0.40 0.47 0.47 0.61 0.52 0.60 0.34 0.55 0.52 0.40 -2.67
Tax % 30.30% 30.00% 29.79% 31.91% 31.15% 9.62% 26.67% 29.41% 25.45% 26.92% 25.00% 13.11%
0.23 0.28 0.32 0.32 0.42 0.48 0.44 0.25 0.40 0.38 0.30 -2.31
EPS in Rs 0.43 0.52 0.60 0.60 0.79 0.90 0.82 0.47 0.75 0.71 0.56 -4.32
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 8%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -925%
Stock Price CAGR
10 Years: 5%
5 Years: 16%
3 Years: 12%
1 Year: 18%
Return on Equity
10 Years: 1%
5 Years: -2%
3 Years: -5%
Last Year: -24%

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
Equity Capital 5.35 5.35 5.35 5.35 5.35 5.35 5.35 5.35 5.35 5.35 5.35 5.35
Reserves 1.84 2.12 2.41 2.73 3.15 3.63 4.04 4.29 4.71 5.11 5.42 3.20
6.10 10.58 9.26 10.79 13.17 12.85 17.23 23.51 27.27 35.59 36.34 33.48
1.15 0.94 2.44 2.93 5.42 2.84 3.99 4.31 3.98 5.53 5.00 3.72
Total Liabilities 14.44 18.99 19.46 21.80 27.09 24.67 30.61 37.46 41.31 51.58 52.11 45.75
3.23 4.79 5.63 5.84 5.66 5.33 5.95 6.20 9.71 16.65 24.56 23.07
CWIP 0.61 0.00 0.28 0.00 0.00 0.72 4.20 13.12 12.56 8.31 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10.60 14.20 13.55 15.96 21.43 18.62 20.46 18.14 19.04 26.62 27.55 22.68
Total Assets 14.44 18.99 19.46 21.80 27.09 24.67 30.61 37.46 41.31 51.58 52.11 45.75

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
1.17 -2.38 3.63 -0.20 -1.07 2.36 1.80 4.46 1.13 -3.12 3.01 5.19
-0.86 -1.14 -1.42 -0.27 -0.19 -0.78 -4.51 -9.56 -3.37 -3.39 -0.80 0.59
-0.28 3.55 -2.18 0.65 1.06 -1.51 2.64 5.10 2.21 6.50 -2.13 -5.81
Net Cash Flow 0.03 0.03 0.02 0.18 -0.20 0.07 -0.07 0.00 -0.03 -0.01 0.08 -0.03

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 102.43 97.23 86.71 141.17 158.09 151.76 97.40 128.36 88.11 151.08 133.94 74.93
Inventory Days 100.66 64.66 66.79 55.20 63.28 81.45 64.70 57.39 40.66 69.73 56.59 54.18
Days Payable 9.68 1.23 18.19 23.32 48.74 25.46 28.99 33.90 16.97 36.32 27.20 14.18
Cash Conversion Cycle 193.41 160.66 135.31 173.05 172.63 207.75 133.11 151.84 111.80 184.49 163.33 114.93
Working Capital Days 185.61 153.99 127.88 162.09 166.28 195.64 143.84 141.89 109.48 183.06 156.59 110.95
ROCE % 7.62% 8.10% 7.76% 7.75% 8.78% 8.09% 7.47% 5.29% 5.99% 5.66% 7.19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
24.32% 24.32% 24.32% 24.32% 24.32% 24.32% 24.32% 24.32% 24.32% 24.32% 24.32% 24.32%
75.68% 75.68% 75.68% 75.68% 75.68% 75.68% 75.67% 75.67% 75.68% 75.67% 75.67% 75.68%
No. of Shareholders 6,6986,9297,2997,5527,6537,7187,7977,8577,9128,1538,5199,190

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