Inducto Steel Ltd

About

Inducto Steels Limited engages in ship breaking, and trading and investment activities in India. The company trades in metal scrap, coals, aluminum foils, and other industrial inouts.

  • Market Cap 9.61 Cr.
  • Current Price 23.9
  • High / Low 27.8 / 13.3
  • Stock P/E 13.5
  • Book Value 100
  • Dividend Yield 0.00 %
  • ROCE -2.69 %
  • ROE -3.40 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.24 times its book value

Cons

  • The company has delivered a poor sales growth of -54.87% over past five years.
  • Company has a low return on equity of -0.64% for last 3 years.
  • Contingent liabilities of Rs.5.27 Cr.
  • Promoters have pledged 36.27% of their holding.

Peer comparison

Sector: Ship Building Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
53.18 1.38 21.20 11.84 18.08 11.58 4.07 0.15 0.00 2.78 0.00 5.89
52.36 1.12 20.48 12.38 18.89 12.16 3.47 0.13 0.07 2.36 1.45 3.43
Operating Profit 0.82 0.26 0.72 -0.54 -0.81 -0.58 0.60 0.02 -0.07 0.42 -1.45 2.46
OPM % 1.54% 18.84% 3.40% -4.56% -4.48% -5.01% 14.74% 13.33% 15.11% 41.77%
Other Income 0.01 0.17 0.00 0.88 1.02 -0.09 0.01 0.00 0.03 0.12 0.01 0.01
Interest 0.00 0.00 0.85 0.00 0.07 0.00 0.01 0.00 0.00 0.11 0.12 0.14
Depreciation 0.04 0.04 0.04 0.04 0.04 0.07 0.03 0.06 0.06 0.06 0.06 0.05
Profit before tax 0.79 0.39 -0.17 0.30 0.10 -0.74 0.57 -0.04 -0.10 0.37 -1.62 2.28
Tax % 21.52% 20.51% -64.71% 26.67% 30.00% 9.46% 5.26% 0.00% 0.00% 13.51% 3.09% 9.65%
Net Profit 0.62 0.32 -0.27 0.22 0.08 -0.66 0.53 -0.04 -0.11 0.32 -1.57 2.07
EPS in Rs 1.54 0.80 -0.67 0.55 0.20 -1.64 1.32 -0.10 -0.27 0.80 -3.91 5.15

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
40.09 64.22 89.87 140.17 353.65 206.17 156.48 22.96 20.76 75.83 45.57 2.93 8.67
39.96 63.29 93.36 144.83 361.71 211.30 155.51 24.80 21.63 74.27 46.90 4.01 7.31
Operating Profit 0.13 0.93 -3.49 -4.66 -8.06 -5.13 0.97 -1.84 -0.87 1.56 -1.33 -1.08 1.36
OPM % 0.32% 1.45% -3.88% -3.32% -2.28% -2.49% 0.62% -8.01% -4.19% 2.06% -2.92% -36.86% 15.69%
Other Income 5.14 5.39 10.30 14.05 19.72 17.62 8.25 4.36 1.71 0.20 1.82 0.16 0.17
Interest 0.64 0.70 0.40 0.97 5.42 7.55 7.51 1.52 0.30 0.85 0.08 0.22 0.37
Depreciation 0.06 0.08 0.07 0.07 0.10 0.16 0.14 0.14 0.15 0.15 0.18 0.24 0.23
Profit before tax 4.57 5.54 6.34 8.35 6.14 4.78 1.57 0.86 0.39 0.76 0.23 -1.38 0.93
Tax % 34.35% 32.31% 32.65% 33.17% 34.04% 32.43% 33.12% 30.23% 38.46% 43.42% 26.09% 0.00%
Net Profit 3.00 3.75 4.27 5.57 4.05 3.24 1.04 0.59 0.24 0.43 0.17 -1.39 0.71
EPS in Rs 10.63 13.87 10.08 8.07 2.59 1.47 0.60 1.07 0.42 -3.46 1.77
Dividend Payout % 31.73% 31.73% 33.44% 29.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-27%
5 Years:-55%
3 Years:-48%
TTM:-74%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:889%
Stock Price CAGR
10 Years:-3%
5 Years:-3%
3 Years:12%
1 Year:67%
Return on Equity
10 Years:5%
5 Years:0%
3 Years:-1%
Last Year:-3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4.76 4.76 4.76 4.76 4.76 4.76 4.76 4.02 4.02 4.02 4.02 4.02
Reserves 17.76 20.34 23.21 27.14 31.19 34.43 35.48 36.71 36.95 37.38 37.57 36.18
Borrowings 6.42 10.75 0.41 47.80 83.94 0.22 0.03 0.00 0.00 0.00 0.00 4.55
47.47 35.95 109.11 37.78 127.16 198.28 171.38 25.07 0.44 11.53 0.27 0.20
Total Liabilities 76.41 71.80 137.49 117.48 247.05 237.69 211.65 65.80 41.41 52.93 41.86 44.95
0.83 1.08 1.02 0.92 1.16 1.30 1.18 1.08 0.95 1.03 2.54 2.31
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.00 0.00 0.00
Investments 0.38 0.11 0.11 0.00 1.85 67.41 52.48 2.74 34.27 31.20 33.56 39.01
75.20 70.61 136.36 116.56 244.04 168.98 157.99 61.98 6.06 20.70 5.76 3.63
Total Assets 76.41 71.80 137.49 117.48 247.05 237.69 211.65 65.80 41.41 52.93 41.86 44.95

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-15.04 -6.23 11.83 -11.29 -28.42 74.02 -15.17 -52.25 31.83 -2.38 4.03 1.02
-0.08 -0.06 -0.02 0.02 -2.19 -65.69 22.56 53.76 -31.78 3.30 -4.05 -5.38
17.82 3.17 -11.72 11.56 30.71 -8.18 -7.60 -1.53 -0.30 -0.85 -0.08 4.28
Net Cash Flow 2.70 -3.12 0.09 0.29 0.10 0.14 -0.21 -0.03 -0.25 0.07 -0.10 -0.08

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 12.66 21.48 42.85 100.33 47.51 199.82 274.29 15.10 1.76 7.61 14.02 12.46
Inventory Days 322.51 86.84 214.77 28.73 5.17 27.03 0.00 320.96 9.69 78.79 1.32 17.92
Days Payable 419.63 210.05 449.30 98.27 118.61 188.39 333.66 0.00 57.89 0.00 0.00
Cash Conversion Cycle -84.47 -101.73 -191.68 30.78 -65.94 38.46 274.29 2.41 11.45 28.51 15.34 30.38
Working Capital Days 223.61 196.82 109.58 185.40 119.98 -53.50 -34.17 566.42 79.65 37.64 15.38 -493.31
ROCE % 12.93% 18.49% 20.92% 17.30% 11.59% 15.48% 21.01% 5.88% 1.69% 3.91% 0.75% -2.69%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
69.32 69.32 69.32 69.32 69.32 69.32 69.32 69.32 69.32 69.32 69.32 69.32
30.68 30.68 30.68 30.68 30.68 30.68 30.68 30.68 30.68 30.68 30.68 30.68

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