Sharda Ispat Ltd
₹ 297
-0.12%
24 Apr
- close price
About
Incorporated in 1960, Sharda Ispat Ltd does manufacturing and job work of alloy steel flat/ rolled products[1]
Key Points
- Market Cap ₹ 151 Cr.
- Current Price ₹ 297
- High / Low ₹ 362 / 62.0
- Stock P/E 12.9
- Book Value ₹ 87.7
- Dividend Yield 0.00 %
- ROCE 13.4 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 39.4 to 30.5 days.
Cons
- Stock is trading at 3.38 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.7% over last 3 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
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56 | 80 | 74 | 55 | 59 | 56 | 85 | 113 | 91 | 94 | 118 | 142 | 217 | |
| 54 | 77 | 71 | 53 | 57 | 51 | 79 | 104 | 86 | 89 | 113 | 136 | 199 | |
| Operating Profit | 2 | 3 | 2 | 1 | 3 | 5 | 7 | 9 | 6 | 5 | 5 | 6 | 17 |
| OPM % | 4% | 4% | 3% | 3% | 5% | 8% | 8% | 8% | 6% | 5% | 4% | 4% | 8% |
| 0 | 0 | 1 | 2 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Interest | 1 | 2 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 0 | 1 | 2 | 3 | 6 | 9 | 5 | 5 | 4 | 5 | 16 |
| Tax % | 34% | 97% | 0% | 22% | 20% | 34% | 34% | 27% | 25% | 25% | 27% | 26% | |
| 0 | 0 | 0 | 1 | 1 | 2 | 4 | 7 | 4 | 3 | 3 | 4 | 12 | |
| EPS in Rs | 0.77 | 0.02 | 0.04 | 1.56 | 2.50 | 4.08 | 8.10 | 13.34 | 7.07 | 6.80 | 5.95 | 7.86 | 23.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 11% |
| 3 Years: | 16% |
| TTM: | 59% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 82% |
| 5 Years: | -1% |
| 3 Years: | 3% |
| TTM: | 244% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 76% |
| 1 Year: | 338% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 16% |
| 3 Years: | 11% |
| Last Year: | 11% |
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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | -0 | -0 | -0 | -1 | 1 | 3 | 7 | 14 | 18 | 23 | 27 | 32 | 39 |
| 12 | 21 | 15 | 16 | 9 | 7 | 7 | 9 | 6 | 8 | 8 | 19 | 14 | |
| 15 | 12 | 13 | 10 | 6 | 9 | 14 | 6 | 4 | 4 | 4 | 4 | 6 | |
| Total Liabilities | 31 | 37 | 33 | 31 | 21 | 25 | 34 | 34 | 33 | 40 | 44 | 59 | 64 |
| 6 | 6 | 5 | 3 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 9 | 10 | 0 |
| 26 | 31 | 27 | 28 | 18 | 22 | 31 | 31 | 30 | 30 | 33 | 46 | 61 | |
| Total Assets | 31 | 37 | 33 | 31 | 21 | 25 | 34 | 34 | 33 | 40 | 44 | 59 | 64 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -6 | 7 | 1 | 6 | 3 | 9 | -5 | 5 | -0 | 3 | -7 | |
| 0 | -1 | 0 | -0 | 2 | -0 | -8 | 5 | -2 | -1 | -0 | -1 | |
| -3 | 7 | -7 | 0 | -9 | -3 | -1 | 1 | -5 | 1 | -2 | 9 | |
| Net Cash Flow | -0 | 0 | -0 | 1 | -1 | -0 | 0 | 1 | -1 | 0 | 1 | 0 |
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 | 43 | 33 | 52 | 42 | 23 | 32 | 41 | 32 | 36 | 48 | 40 | 31 |
| Inventory Days | 113 | 101 | 69 | 132 | 79 | 85 | 33 | 28 | 28 | 33 | 31 | 36 |
| Days Payable | 68 | 21 | 39 | 52 | 14 | 49 | 63 | 11 | 7 | 10 | 5 | 5 |
| Cash Conversion Cycle | 87 | 112 | 81 | 121 | 87 | 67 | 12 | 49 | 57 | 71 | 66 | 61 |
| Working Capital Days | 75 | 90 | 75 | 108 | 72 | 83 | 69 | 77 | 101 | 102 | 86 | 106 |
| ROCE % | 11% | 11% | 10% | 17% | 15% | 32% | 42% | 43% | 20% | 13% | 13% | 13% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15h
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 15 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Apr
-
Compliance Certificate Under Regulation 7 (3)
9 Apr - Compliance Certificate under Regulation 7 (3) for the period 01st April, 2023 to 31st March, 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]
Company manufacture and supplies flats, rounds, squares, alloy, carbon & spring steel rolled products to automobile OEM component manufacturer, and forging & bright bar industries