Inducto Steel Ltd
₹ 66.5
-0.15%
19 Apr
11:59 a.m.
About
Incorporated in 1988, Inducto Steel Ltd is in the business of ship breaking, trading and investment activities[1]
Key Points
- Market Cap ₹ 26.7 Cr.
- Current Price ₹ 66.5
- High / Low ₹ 80.7 / 25.6
- Stock P/E 42.4
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE 3.54 %
- ROE 1.36 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.62 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.14% over last 3 years.
- Promoters have pledged 43.3% of their holding.
- Earnings include an other income of Rs.1.77 Cr.
- Company's cost of borrowing seems high
* 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: Ship Building Industry: Miscellaneous
Loading peers table ...
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 89.87 | 140.17 | 353.65 | 206.17 | 156.48 | 22.96 | 20.76 | 75.83 | 45.57 | 2.92 | 57.46 | 90.01 | 98.04 | |
| 93.36 | 144.83 | 361.71 | 211.30 | 155.51 | 24.80 | 21.63 | 74.27 | 46.90 | 4.00 | 54.61 | 88.41 | 94.80 | |
| Operating Profit | -3.49 | -4.66 | -8.06 | -5.13 | 0.97 | -1.84 | -0.87 | 1.56 | -1.33 | -1.08 | 2.85 | 1.60 | 3.24 |
| OPM % | -3.88% | -3.32% | -2.28% | -2.49% | 0.62% | -8.01% | -4.19% | 2.06% | -2.92% | -36.99% | 4.96% | 1.78% | 3.30% |
| 10.30 | 14.05 | 19.72 | 17.62 | 8.25 | 4.36 | 1.71 | 0.20 | 1.82 | 0.16 | 0.23 | 0.56 | 1.77 | |
| Interest | 0.40 | 0.97 | 5.42 | 7.55 | 7.51 | 1.52 | 0.30 | 0.85 | 0.08 | 0.22 | 0.31 | 0.87 | 3.82 |
| Depreciation | 0.07 | 0.07 | 0.10 | 0.16 | 0.14 | 0.14 | 0.15 | 0.15 | 0.18 | 0.24 | 0.20 | 0.28 | 0.28 |
| Profit before tax | 6.34 | 8.35 | 6.14 | 4.78 | 1.57 | 0.86 | 0.39 | 0.76 | 0.23 | -1.38 | 2.57 | 1.01 | 0.91 |
| Tax % | 32.65% | 33.17% | 34.04% | 32.43% | 33.12% | 30.23% | 38.46% | 43.42% | 26.09% | 0.00% | 11.67% | 42.57% | |
| 4.27 | 5.57 | 4.05 | 3.24 | 1.04 | 0.59 | 0.24 | 0.43 | 0.17 | -1.39 | 2.26 | 0.58 | 0.63 | |
| EPS in Rs | 10.63 | 13.87 | 10.08 | 8.07 | 2.59 | 1.47 | 0.60 | 1.07 | 0.42 | -3.46 | 5.63 | 1.44 | 1.58 |
| Dividend Payout % | 33.44% | 29.91% | 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: | -4% |
| 5 Years: | 34% |
| 3 Years: | 25% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -20% |
| 5 Years: | 19% |
| 3 Years: | 51% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 38% |
| 3 Years: | 66% |
| 1 Year: | 128% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 4.76 | 4.76 | 4.76 | 4.76 | 4.76 | 4.02 | 4.02 | 4.02 | 4.02 | 4.02 | 4.02 | 4.02 | 4.02 |
| Reserves | 23.21 | 27.14 | 31.19 | 34.43 | 35.48 | 36.71 | 36.95 | 37.38 | 37.57 | 36.18 | 38.45 | 39.03 | 39.24 |
| 0.41 | 47.80 | 83.94 | 0.22 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 4.55 | 5.00 | 15.68 | 0.78 | |
| 109.11 | 37.78 | 127.16 | 198.28 | 171.38 | 25.07 | 0.44 | 11.53 | 0.27 | 0.20 | 35.06 | 0.70 | 70.56 | |
| Total Liabilities | 137.49 | 117.48 | 247.05 | 237.69 | 211.65 | 65.80 | 41.41 | 52.93 | 41.86 | 44.95 | 82.53 | 59.43 | 114.60 |
| 1.02 | 0.92 | 1.16 | 1.30 | 1.18 | 1.08 | 0.95 | 1.03 | 2.54 | 2.31 | 2.76 | 2.68 | 2.46 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.11 | 0.00 | 1.85 | 67.41 | 52.48 | 2.74 | 34.27 | 31.20 | 33.56 | 39.01 | 21.98 | 34.76 | 29.70 |
| 136.36 | 116.56 | 244.04 | 168.98 | 157.99 | 61.98 | 6.06 | 20.70 | 5.76 | 3.63 | 57.79 | 21.99 | 82.44 | |
| Total Assets | 137.49 | 117.48 | 247.05 | 237.69 | 211.65 | 65.80 | 41.41 | 52.93 | 41.86 | 44.95 | 82.53 | 59.43 | 114.60 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11.83 | -11.29 | -28.42 | 74.02 | -15.17 | -52.25 | 31.83 | -2.38 | 4.02 | 1.71 | -1.28 | -6.49 | |
| -0.02 | 0.02 | -2.19 | -65.69 | 22.56 | 53.76 | -31.78 | 3.30 | -4.04 | -6.07 | 16.57 | -12.65 | |
| -11.72 | 11.56 | 30.71 | -8.18 | -7.60 | -1.53 | -0.30 | -0.85 | -0.08 | 4.28 | -4.81 | 14.80 | |
| Net Cash Flow | 0.09 | 0.29 | 0.10 | 0.14 | -0.21 | -0.03 | -0.25 | 0.07 | -0.10 | -0.08 | 10.48 | -4.35 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 42.85 | 100.33 | 47.51 | 199.82 | 274.29 | 15.10 | 1.76 | 7.61 | 14.02 | 12.50 | 93.82 | 9.65 |
| Inventory Days | 214.77 | 28.73 | 5.17 | 27.03 | 0.00 | 320.96 | 9.69 | 78.79 | 1.32 | 17.92 | 149.19 | 37.39 |
| Days Payable | 449.30 | 98.27 | 118.61 | 335.46 | 333.66 | 0.00 | 57.89 | 0.00 | 0.00 | 244.78 | 0.00 | |
| Cash Conversion Cycle | -191.68 | 30.78 | -65.94 | -108.60 | 274.29 | 2.41 | 11.45 | 28.51 | 15.34 | 30.42 | -1.77 | 47.04 |
| Working Capital Days | 109.54 | 185.40 | 119.98 | -53.71 | -34.22 | 566.42 | 79.65 | 37.64 | 15.38 | 73.75 | 27.31 | 49.96 |
| ROCE % | 20.92% | 17.30% | 11.59% | 15.48% | 21.01% | 5.88% | 1.69% | 3.91% | 0.75% | -2.69% | 6.18% | 3.54% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Certificate dated April 3, 2024 issued by our Registrar and Share Transfer Agent, M/s. Link intime India Private Limited, confirming compliance under Regulation 74(5) of …
-
Announcement under Regulation 30 (LODR)-Change in Management
1 Apr - Held today i.e. Monday, April 01, 2024, inter alia considered and approved the appointment of Mr. Manohar Hanumants Wagh (DIN: 02622648) and Mr. Tejasbhai Himmantbhai …
- Closure of Trading Window 29 Mar
- Unaudited Standalone And Consolidated Financial Reults For The Quarter Ended December 31, 2023. 12 Feb
- Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Inducto Steel Limited ('The Company') Held On February 12, 2024. 12 Feb
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Business Overview:[1][2]
Company is a part of Haryana Group which is engaged in ship breaking business and steel trading business. Company also does ship breaking in the Alang-Sosiya belt of Bhavnagar region of Gujarat, with plot size of 2385 square meters having frontage of 45 mt. Company’s operations are carried out at premises leased out by Gujarat Maritime Board (GMB) in Bhavnagar.
Apart from ship breaking business, company is also engaged in trading of metal scrap, coals, aluminium foil & other inputs. Also, company lends out excess capital to other parties and invests in shares and securities