IEL Ltd

IEL Ltd

₹ 7.74 -3.13%
23 Apr 3:31 p.m.
About

Incorporated in 1956, IEL Ltd does Trading
of Chemicals and Marketing Support Services.[1]

Key Points

History[1] Incorporated in 1956, the Co. commissioned a Solvent Extraction plant at Jamnagar, Gujarat with a production capacity of 300 MT de-oiled cake capacity per day and a refining capacity of 30 MT per day. Its products were sold under the brand - “ DIAMOND” and “STAR”

Due to intense competition, the company exited the business and diversified to the trading of chemicals.

  • Market Cap 25.9 Cr.
  • Current Price 7.74
  • High / Low 20.6 / 6.69
  • Stock P/E 99.4
  • Book Value 0.37
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 23.7 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 64.8%
  • Debtor days have improved from 134 to 35.1 days.
  • Company's working capital requirements have reduced from 80.4 days to 32.4 days

Cons

  • Stock is trading at 21.0 times its book value
  • Promoter holding has decreased over last quarter: -24.5%
  • Promoter holding is low: 20.5%
  • Company might be capitalizing the interest cost

* 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: Trading Industry: Trading

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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
0.00 0.28 0.35 0.00 0.45 0.19 3.94 5.91 1.03 1.61 1.04 5.49 9.12
0.06 0.32 0.42 0.05 0.04 0.02 2.58 4.97 1.11 1.52 1.08 5.35 8.93
Operating Profit -0.06 -0.04 -0.07 -0.05 0.41 0.17 1.36 0.94 -0.08 0.09 -0.04 0.14 0.19
OPM % -14.29% -20.00% 91.11% 89.47% 34.52% 15.91% -7.77% 5.59% -3.85% 2.55% 2.08%
0.33 0.02 0.12 0.01 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00
Interest 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
Depreciation 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.01 0.01 0.01 0.01
Profit before tax 0.25 -0.04 0.03 -0.06 0.39 0.15 1.34 0.92 -0.05 0.08 -0.05 0.13 0.18
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 20.00% 25.00% 0.00% 15.38% 27.78%
0.25 -0.04 0.03 -0.06 0.39 0.15 1.34 0.92 -0.04 0.06 -0.05 0.11 0.14
EPS in Rs 0.07 -0.01 0.01 -0.02 0.12 0.04 0.40 0.28 -0.01 0.02 -0.01 0.03 0.04
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
2.91 1.48 0.02 -0.06 0.00 1.26 2.12 3.87 0.96 0.64 10.19 17.26
2.87 2.11 2.15 0.29 0.32 1.42 2.22 3.98 1.11 0.82 8.64 16.88
Operating Profit 0.04 -0.63 -2.13 -0.35 -0.32 -0.16 -0.10 -0.11 -0.15 -0.18 1.55 0.38
OPM % 1.37% -42.57% -10,650.00% -12.70% -4.72% -2.84% -15.62% -28.12% 15.21% 2.20%
0.22 0.03 0.17 0.05 0.20 0.20 0.32 0.22 0.38 0.59 0.87 0.00
Interest 0.41 0.01 0.00 0.03 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.07 0.05 0.17 0.11 0.10 0.10 0.09 0.09 0.09 0.09 0.07 0.03
Profit before tax -0.22 -0.66 -2.13 -0.44 -0.22 -0.07 0.13 0.02 0.14 0.32 2.35 0.35
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.43% 25.71%
-0.21 -0.67 -2.13 -0.44 -0.22 -0.07 0.12 0.02 0.14 0.32 2.37 0.26
EPS in Rs -0.06 -0.20 -0.64 -0.13 -0.07 -0.02 0.04 0.01 0.04 0.10 0.71 0.08
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: 28%
5 Years: 52%
3 Years: 162%
TTM: 69%
Compounded Profit Growth
10 Years: 9%
5 Years: 92%
3 Years: 23%
TTM: -89%
Stock Price CAGR
10 Years: 39%
5 Years: 68%
3 Years: 99%
1 Year: -34%
Return on Equity
10 Years: 1%
5 Years: 40%
3 Years: 65%
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 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34
Reserves 1.75 1.00 -1.13 -1.57 -0.90 -1.86 -1.74 -1.72 -1.58 -1.26 -2.37 -2.11
Preference Capital 0.90 0.90 0.90 0.90 0.00 0.90 0.90 0.90 0.90 0.90 0.90
0.61 0.06 0.01 0.10 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.90
1.51 2.90 2.21 2.43 1.76 4.80 2.45 3.03 2.27 2.55 2.57 1.63
Total Liabilities 7.21 7.30 4.43 4.30 4.21 6.29 4.06 4.65 4.04 4.64 3.54 3.76
4.50 4.38 4.21 4.09 3.99 3.89 3.80 3.71 3.62 3.53 0.20 0.17
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
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
2.71 2.92 0.22 0.21 0.22 2.40 0.26 0.94 0.42 1.11 3.34 3.59
Total Assets 7.21 7.30 4.43 4.30 4.21 6.29 4.06 4.65 4.04 4.64 3.54 3.76

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
8.41 0.25 -0.91 -0.28 0.00 -0.04 0.03 0.53 -0.56 0.14 0.93
0.10 0.00 0.11 -0.01 0.00 0.00 0.00 0.00 0.00 0.01 -0.21
-8.68 -0.36 0.87 0.27 0.00 -0.01 0.00 0.00 0.01 0.00 -0.01
Net Cash Flow -0.17 -0.11 0.07 -0.02 0.00 -0.06 0.03 0.53 -0.56 0.15 0.71

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 90.31 167.70 0.00 0.00 353.41 6.89 20.75 114.06 285.16 82.03 35.10
Inventory Days 63.64 85.59 0.00 300.40 0.00 0.00 0.00 0.00 0.00 22.52
Days Payable 43.05 402.76 694.47 34.34
Cash Conversion Cycle 110.90 -149.47 0.00 0.00 -40.66 6.89 20.75 114.06 285.16 82.03 23.29
Working Capital Days 115.40 -187.43 -21,170.00 -8,942.50 8.69 -13.77 -72.62 15.21 182.50 26.51 32.36
ROCE % 1.07% -11.26% -51.31% -13.92% -8.43% -2.48% 0.82% 0.80% 5.39% 11.31% 96.30%

Shareholding Pattern

Numbers in percentages

61 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.94% 65.94% 65.94% 65.94% 65.94% 65.94% 65.94% 44.97% 44.97% 44.97% 44.97% 20.47%
0.00% 0.00% 0.00% 0.00% 0.00% 0.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
33.93% 33.93% 33.93% 33.93% 33.93% 33.58% 33.93% 54.91% 54.90% 54.90% 54.90% 79.39%
No. of Shareholders 2,3512,4972,5732,9282,7532,5512,4922,5102,57810,60818,20724,236

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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