Ahmedabad Steelcraft Ltd

Ahmedabad Steelcraft Ltd

₹ 42.9 -2.70%
28 Feb - close price
About

Incorporated in 1992, Ahmedabad Steel Craft trades and exports Steel Windows and Door Sections[1]

Key Points

Business Overview:[1][2]
Company export and supplies Mild Steel Window, Door and Ventilator Sections used in making fabricated frames of Window, Door & Ventilator. These are supplied as per clients specification according to Indian, British, German or American Standards Specification. Steel windows and Doors are fire and termite proof, easy for installation and durable.
Company has also made capital contribution in Limited Liability Partnership engaged in real estate and may independently start these activities

  • Market Cap 17.6 Cr.
  • Current Price 42.9
  • High / Low 53.3 / 16.8
  • Stock P/E
  • Book Value 59.8
  • Dividend Yield 0.00 %
  • ROCE -2.26 %
  • ROE -2.42 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.72 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -24.0% over past five years.
  • Company has a low return on equity of -1.90% over last 3 years.
  • Company has high debtors of 386 days.

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.15 0.22 0.01 0.02 0.36 0.31 0.24 0.60 0.77 0.59 0.46 0.22 0.06
0.49 0.52 0.31 0.34 0.60 0.64 0.53 1.01 1.03 0.88 0.71 1.13 0.36
Operating Profit -0.34 -0.30 -0.30 -0.32 -0.24 -0.33 -0.29 -0.41 -0.26 -0.29 -0.25 -0.91 -0.30
OPM % -226.67% -136.36% -3,000.00% -1,600.00% -66.67% -106.45% -120.83% -68.33% -33.77% -49.15% -54.35% -413.64% -500.00%
0.14 0.50 0.12 0.12 0.12 0.48 0.11 0.12 0.12 0.44 0.15 0.19 0.22
Interest 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Profit before tax -0.25 0.15 -0.23 -0.26 -0.18 0.10 -0.22 -0.33 -0.18 0.11 -0.14 -0.76 -0.12
Tax % 4.00% 6.67% -4.35% -3.85% -5.56% 10.00% -4.55% -3.03% -5.56% 9.09% -7.14% -1.32% -8.33%
-0.24 0.14 -0.24 -0.27 -0.19 0.09 -0.23 -0.34 -0.19 0.10 -0.15 -0.77 -0.12
EPS in Rs -0.59 0.34 -0.59 -0.66 -0.46 0.22 -0.56 -0.83 -0.46 0.24 -0.37 -1.88 -0.29
Raw PDF

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
2.48 6.51 11.83 2.51 3.18 4.17 8.70 10.29 7.06 1.94 0.69 2.21 1.33
3.48 7.62 11.78 6.10 4.06 5.38 9.72 11.42 8.65 3.16 1.87 3.40 3.08
Operating Profit -1.00 -1.11 0.05 -3.59 -0.88 -1.21 -1.02 -1.13 -1.59 -1.22 -1.18 -1.19 -1.75
OPM % -40.32% -17.05% 0.42% -143.03% -27.67% -29.02% -11.72% -10.98% -22.52% -62.89% -171.01% -53.85% -131.58%
3.61 2.10 2.06 1.65 1.95 1.40 1.41 2.55 1.08 1.10 0.84 0.74 1.00
Interest 0.13 0.01 0.02 0.01 0.00 0.01 0.03 0.03 0.02 0.02 0.03 0.01 0.00
Depreciation 0.18 0.17 0.17 0.32 0.25 0.16 0.14 0.14 0.18 0.20 0.19 0.17 0.16
Profit before tax 2.30 0.81 1.92 -2.27 0.82 0.02 0.22 1.25 -0.71 -0.34 -0.56 -0.63 -0.91
Tax % -9.57% 2.47% 5.21% 1.76% -3.66% 200.00% 9.09% 0.00% -28.17% 32.35% -7.14% -4.76%
2.52 0.78 1.81 -2.23 0.84 -0.01 0.20 1.24 -0.91 -0.23 -0.60 -0.66 -0.94
EPS in Rs 6.16 1.91 4.42 -5.45 2.05 -0.02 0.49 3.03 -2.22 -0.56 -1.47 -1.61 -2.30
Dividend Payout % 16.23% 52.44% 22.60% 0.00% 36.52% -2,045.00% 102.25% 16.49% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -10%
5 Years: -24%
3 Years: -32%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 10%
TTM: -42%
Stock Price CAGR
10 Years: 10%
5 Years: 17%
3 Years: 39%
1 Year: 138%
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: -2%
Last Year: -2%

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 4.09 4.09 4.09 4.09 4.09 4.09 4.09 4.09 4.09 4.09 4.09 4.09 4.09
Reserves 21.05 21.61 23.41 20.66 21.22 21.54 21.58 22.50 20.73 21.47 21.35 20.86 20.38
0.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.80 0.78 0.94 0.26 0.90 0.25 0.98 0.43 0.85 0.71 0.71 0.98 1.07
Total Liabilities 26.23 26.48 28.44 25.01 26.21 25.88 26.65 27.02 25.67 26.27 26.15 25.93 25.54
2.46 2.26 2.09 1.69 1.59 1.83 1.69 1.55 4.39 4.19 3.97 3.77 3.69
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 16.04 15.06 17.34 17.71 18.16 18.95 16.89 15.88 13.50 14.86 14.85 13.68 13.03
7.73 9.16 9.01 5.61 6.46 5.10 8.07 9.59 7.78 7.22 7.33 8.48 8.82
Total Assets 26.23 26.48 28.44 25.01 26.21 25.88 26.65 27.02 25.67 26.27 26.15 25.93 25.54

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
-0.89 -1.21 0.00 0.63 -2.53 0.54 -3.18 -1.44 -1.74 -0.60 -1.05 -1.90
-2.89 2.95 0.00 -1.18 1.35 0.21 3.45 2.33 1.48 0.61 0.68 1.89
-0.25 -0.69 0.00 0.00 0.00 -0.37 -0.26 -0.26 -0.25 -0.01 -0.03 -0.01
Net Cash Flow -4.03 1.05 0.00 -0.55 -1.18 0.38 0.01 0.63 -0.51 0.00 -0.40 -0.02

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 16.19 35.88 11.42 0.00 130.85 62.15 96.49 69.17 115.29 289.74 735.29 386.47
Inventory Days 0.00 0.00 0.00 0.00 9.24 6.33 8.19 0.00 0.00 0.00 0.00 0.00
Days Payable 53.90 8.44 4.82
Cash Conversion Cycle 16.19 35.88 11.42 0.00 86.19 60.04 99.86 69.17 115.29 289.74 735.29 386.47
Working Capital Days -38.27 104.29 17.59 120.70 153.81 81.40 90.62 91.52 149.93 472.24 1,296.01 540.07
ROCE % 10.14% 3.25% 7.29% -8.61% 3.24% -0.20% 0.97% 4.90% -2.68% -1.27% -2.08% -2.26%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.68% 65.90% 66.18% 66.23% 66.23% 66.23% 66.24% 66.81% 67.65% 67.78% 67.89% 67.89%
34.32% 34.10% 33.82% 33.77% 33.77% 33.77% 33.76% 33.19% 32.34% 32.22% 32.12% 32.12%
No. of Shareholders 2,6682,7332,7732,8573,0012,9972,9482,9212,8922,8552,8072,580

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