National General Industries Ltd

National General Industries Ltd

₹ 79.8 4.30%
28 Feb - close price
About

Incorporated in 1987, National General Industries Ltd is in the business of manufacturing and selling of steel, handling services of steel products and investing[1]

Key Points

Product Profile:[1]
a) Steel Rounds:[2]
Company is producer of hot rolled steel rounds of size range 18 mm to 200 mm diameter. These are used for Bright Bar manufacturers, Earthmoving Industry, Fasteners, Ordinances Factories, Railways, Forgings, Auto components (4 wheelers, 2 wheelers and commercial vehicles) and various heavy engineering industries
b) Steel Squares:[3]
Company manufactures Mild Steel, Carbon Steel & Alloy Steel Squares
c) Steel Flat:[4]
Steel Flat bars are used in manufacture of components for Hand tools like pliers and spanners

  • Market Cap 44.2 Cr.
  • Current Price 79.8
  • High / Low 102 / 67.5
  • Stock P/E 48.5
  • Book Value 56.2
  • Dividend Yield 0.00 %
  • ROCE 0.79 %
  • ROE 0.37 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -5.42% over past five years.
  • Company has a low return on equity of -1.35% over last 3 years.
  • Earnings include an other income of Rs.3.32 Cr.
  • Debtor days have increased from 26.0 to 35.2 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
6.62 5.92 4.27 4.86 4.73 4.40 4.48 2.83 3.27 2.86 3.10 2.91 3.11
6.53 6.34 4.67 4.98 4.93 4.08 4.84 2.69 3.45 2.89 3.17 3.00 3.14
Operating Profit 0.09 -0.42 -0.40 -0.12 -0.20 0.32 -0.36 0.14 -0.18 -0.03 -0.07 -0.09 -0.03
OPM % 1.36% -7.09% -9.37% -2.47% -4.23% 7.27% -8.04% 4.95% -5.50% -1.05% -2.26% -3.09% -0.96%
0.17 5.83 0.17 0.44 0.19 0.30 0.17 0.30 0.29 0.35 0.57 0.27 2.13
Interest 0.05 0.05 0.03 0.03 0.04 0.04 0.03 0.03 0.03 0.04 0.03 0.03 0.04
Depreciation 0.11 0.11 0.09 0.15 0.08 0.08 0.08 0.08 0.08 0.09 0.07 0.08 0.09
Profit before tax 0.10 5.25 -0.35 0.14 -0.13 0.50 -0.30 0.33 -0.00 0.19 0.40 0.07 1.97
Tax % 200.00% -7.62% -17.14% -71.43% 7.69% 18.00% 10.00% -12.12% -0.00% 25.00% 57.14% -3.05%
-0.09 5.65 -0.41 0.24 -0.13 0.41 -0.27 0.37 -0.07 0.19 0.30 0.03 2.03
EPS in Rs -0.16 10.22 -0.74 0.43 -0.24 0.74 -0.49 0.67 -0.13 0.34 0.54 0.05 3.67
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
30.59 22.00 16.22 16.73 17.97 15.68 17.69 17.56 19.47 18.43 18.16 13.39 11.98
29.84 21.28 15.90 15.52 14.77 14.53 16.48 17.42 20.00 19.12 18.56 13.82 12.20
Operating Profit 0.75 0.72 0.32 1.21 3.20 1.15 1.21 0.14 -0.53 -0.69 -0.40 -0.43 -0.22
OPM % 2.45% 3.27% 1.97% 7.23% 17.81% 7.33% 6.84% 0.80% -2.72% -3.74% -2.20% -3.21% -1.84%
1.07 0.66 0.61 0.73 0.41 0.35 0.28 0.95 0.36 6.93 1.10 1.11 3.32
Interest 0.85 0.64 0.59 0.57 0.37 0.22 0.20 0.22 0.26 0.15 0.14 0.14 0.14
Depreciation 0.41 0.35 0.25 0.50 0.52 0.53 0.47 0.48 0.50 0.42 0.41 0.32 0.33
Profit before tax 0.56 0.39 0.09 0.87 2.72 0.75 0.82 0.39 -0.93 5.67 0.15 0.22 2.63
Tax % 12.50% -0.00% 77.78% 8.05% 44.49% -8.00% 17.07% 20.51% 3.23% -2.29% 33.33% -0.00%
0.49 0.39 0.02 0.80 1.50 0.81 0.68 0.30 -0.89 5.80 0.10 0.22 2.55
EPS in Rs 0.89 0.71 0.04 1.45 2.71 1.46 1.23 0.54 -1.61 10.49 0.18 0.40 4.60
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: -5%
5 Years: -5%
3 Years: -12%
TTM: -20%
Compounded Profit Growth
10 Years: 11%
5 Years: -30%
3 Years: 28%
TTM: 107%
Stock Price CAGR
10 Years: 7%
5 Years: %
3 Years: %
1 Year: -21%
Return on Equity
10 Years: 0%
5 Years: -2%
3 Years: -1%
Last Year: 0%

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 4.66 4.66 4.66 4.67 4.67 4.67 4.67 4.67 4.67 4.67 4.67 4.68 4.68
Reserves 13.27 13.62 13.59 14.35 15.82 18.16 19.15 19.32 17.66 24.07 24.78 25.22 26.43
7.05 5.07 5.71 2.99 2.75 2.14 2.18 2.00 1.77 2.19 2.33 1.60 1.96
1.83 1.35 1.84 2.00 2.85 2.58 2.63 2.79 2.14 2.32 2.13 2.02 2.24
Total Liabilities 26.81 24.70 25.80 24.01 26.09 27.55 28.63 28.78 26.24 33.25 33.91 33.52 35.31
13.66 13.38 13.27 12.82 12.58 12.07 11.74 12.14 12.12 3.83 3.81 3.59 4.18
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.10 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 4.19 4.20 4.49 3.42 5.65 8.48 9.45 9.93 8.97 10.22 10.63 10.69 13.31
8.96 7.12 8.04 7.77 7.86 7.00 7.44 6.61 5.15 19.20 19.47 19.24 17.82
Total Assets 26.81 24.70 25.80 24.01 26.09 27.55 28.63 28.78 26.24 33.25 33.91 33.52 35.31

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
2.99 2.64 -0.15 1.28 2.92 0.91 0.69 1.14 0.61 -0.73 0.29 1.07
-0.34 -0.09 0.07 1.76 -2.19 -0.41 -0.57 -0.77 -0.14 0.71 -0.42 -0.34
-2.86 -2.61 0.08 -3.25 -0.61 -0.76 -0.13 -0.37 -0.47 0.27 0.02 -0.16
Net Cash Flow -0.21 -0.06 -0.00 -0.21 0.12 -0.26 -0.01 0.01 0.01 0.25 -0.11 0.58

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 34.60 25.05 39.16 41.67 66.62 66.34 55.71 29.93 32.24 25.15 17.69 35.16
Inventory Days 46.98 50.42 66.39 69.59 70.12 68.54 96.05 122.72 63.40 70.55 83.47 94.19
Days Payable 11.42 10.12 24.93 30.28 19.09 20.32 23.40 46.50 30.24 32.28 25.71 32.97
Cash Conversion Cycle 70.17 65.35 80.61 80.97 117.65 114.56 128.36 106.15 65.40 63.42 75.45 96.39
Working Capital Days 65.98 72.00 126.69 116.29 98.31 123.61 116.16 95.20 65.05 72.88 77.18 99.22
ROCE % 1.63% 1.82% 1.14% 3.74% 13.44% 3.78% 3.81% 1.23% -3.23% -3.13% -0.73% 0.79%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.62% 65.62% 65.62% 65.62% 65.62% 65.62% 65.62% 65.62% 65.62% 65.62% 65.62% 65.62%
34.38% 34.38% 34.38% 34.38% 34.38% 34.38% 34.37% 34.37% 34.38% 34.38% 34.38% 34.37%
No. of Shareholders 1,7091,7091,7141,7721,8771,8901,9111,9251,9491,9882,0772,120

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