Mideast Integrated Steels Ltd
₹ 9.58
-4.96%
27 Jun 2022
About
Mideast Integrated Steel Ltd is engaged in extraction of iron ore and production of pig iron.The Co belongs to the Mesco Steel Group which has business interests in steel to aerospace. [1]
Key Points
- Market Cap ₹ 132 Cr.
- Current Price ₹ 9.58
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 50.0
- Dividend Yield 0.00 %
- ROCE -18.1 %
- ROE -23.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.19 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -33.1% over past five years.
- Company has a low return on equity of -13.6% over last 3 years.
- Contingent liabilities of Rs.1,039 Cr.
- Company has high debtors of 553 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 862 | 558 | 488 | 283 | 583 | 738 | 402 | 192 | 139 | 17 | 51 | 54 | |
| 635 | 569 | 415 | 199 | 426 | 717 | 443 | 240 | 148 | 133 | 72 | 133 | |
| Operating Profit | 227 | -10 | 73 | 84 | 156 | 21 | -41 | -47 | -9 | -116 | -21 | -79 |
| OPM % | 26% | -2% | 15% | 30% | 27% | 3% | -10% | -25% | -7% | -682% | -42% | -147% |
| 7 | 81 | 13 | 19 | 13 | 41 | 46 | 7 | 166 | 11 | 121 | -7 | |
| Interest | 2 | 8 | 14 | 40 | 82 | 5 | 2 | 1 | 0 | 3 | 4 | 0 |
| Depreciation | 47 | 59 | 61 | 55 | 57 | 56 | 56 | 42 | 41 | 36 | 36 | 36 |
| Profit before tax | 185 | 4 | 12 | 9 | 30 | 1 | -54 | -83 | 116 | -144 | 59 | -122 |
| Tax % | 37% | 76% | 27% | -55% | 22% | 388% | 11% | 2% | 0% | 0% | -2% | 21% |
| 116 | 1 | 9 | 14 | 23 | -4 | -60 | -85 | 116 | -144 | 60 | -148 | |
| EPS in Rs | 8.43 | 0.07 | 0.62 | 1.02 | 1.69 | -0.28 | -4.34 | -6.17 | 8.38 | -10.45 | 4.35 | -10.74 |
| Dividend Payout % | 9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -21% |
| 5 Years: | -33% |
| 3 Years: | -27% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -343% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -3% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -7% |
| 3 Years: | -14% |
| Last Year: | -24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 | 138 |
| Reserves | 479 | 480 | 488 | 502 | 526 | 522 | 462 | 377 | 493 | 349 | 409 | 552 |
| 30 | 46 | 67 | 72 | 55 | 76 | 46 | 45 | 52 | 50 | 59 | 47 | |
| 987 | 869 | 848 | 836 | 913 | 961 | 936 | 904 | 687 | 683 | 559 | 627 | |
| Total Liabilities | 1,634 | 1,533 | 1,541 | 1,549 | 1,632 | 1,697 | 1,582 | 1,464 | 1,369 | 1,220 | 1,164 | 1,364 |
| 935 | 915 | 953 | 899 | 868 | 812 | 750 | 708 | 667 | 631 | 594 | 781 | |
| CWIP | 28 | 31 | 18 | 32 | 14 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Investments | 2 | 32 | 105 | 169 | 192 | 192 | 192 | 192 | 192 | 192 | 192 | 192 |
| 669 | 555 | 465 | 448 | 558 | 670 | 616 | 539 | 486 | 373 | 354 | 366 | |
| Total Assets | 1,634 | 1,533 | 1,541 | 1,549 | 1,632 | 1,697 | 1,582 | 1,464 | 1,369 | 1,220 | 1,164 | 1,364 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57 | 48 | 127 | 100 | 42 | -3 | -40 | -12 | -6 | -0 | -17 | 3 | |
| -35 | -72 | -150 | -62 | -28 | 19 | 35 | 16 | 2 | 5 | 1 | 6 | |
| -19 | -4 | -2 | -35 | -20 | 14 | -32 | -2 | -0 | -4 | 17 | -8 | |
| Net Cash Flow | 3 | -28 | -24 | 3 | -7 | 30 | -38 | 2 | -5 | 0 | 1 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 0 | 3 | 1 | 15 | 36 | 60 | 117 | 108 | 794 | 322 | 553 |
| Inventory Days | 191 | 125 | 165 | 220 | 65 | 92 | 1,340 | 1,779 | 4,887 | 2,055 | 4,057 | |
| Days Payable | 90 | 66 | 119 | 325 | 118 | 233 | 3,423 | 3,999 | 11,137 | 2,935 | 10,179 | |
| Cash Conversion Cycle | 103 | 59 | 48 | 1 | -90 | -17 | -80 | -1,966 | -2,111 | -5,456 | -557 | -5,569 |
| Working Capital Days | -17 | 3 | -28 | -9 | -49 | -58 | -103 | -294 | -269 | -2,643 | -327 | -347 |
| ROCE % | 31% | 2% | 4% | 7% | 16% | 1% | -8% | -14% | 21% | -23% | 11% | -18% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Jun - Newspaper Publication of Audited Financials for the Year ended 31st March 2025.
- Submission Of Audited Standalone And Consolidated Financial Results For Year Ended 31.03.2025 2 Jun
-
Board Meeting Outcome for Outcome Of Board Meeting Which Commenced At 4.30 P.M. On 30.05.2025 And Concluded At 6.45 P.M. On 2Nd June 2025
2 Jun - Qualified audit report reveals Rs. 1562 Cr uninsured assets, Rs. 71.83 Cr disputed tax dues, Supreme Court Rs. 925 Cr compensation, and going concern doubts.
-
Update on board meeting
27 May - Board meeting rescheduled to May 30 for FY25 results and director appointment via postal ballot.
-
Board Meeting Intimation for Taking On Record, The Audited Standalone And Consolidated Financial Results Of The Company, For The Quarter And Year Ended 31St March 2025 Along With Audit Report
22 May - Board meeting on 28 May 2025 to approve audited financial results for FY ended 31 March 2025.
Annual reports
Concalls
-
Jul 2018TranscriptNotesPPT
Product Offerings
Pig Iron: It is the intermediate product in smelting iron ore ideal for manufacturing of high end infrastructure goods.
Sponge Iron: The Co produces Direct-reduced iron from iron ore /pellets. Secondary steel processors can use this metallic iron content to produce various steel products.
Steel Bars: These have industrial & domestic usages and are produced in various defined sizes.
Heavy section beams: The Co supplies different size hot rolled medium & high tensile structural steel.
Billets: A billet is a length of metal that has a square cross-section of different dimensions. Billets are produced directly via continuous casting. The Co supplies steel billets of various cross sections and sizes. [1]