Mideast Integrated Steels Ltd

Mideast Int. Stl Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mideast Integrated Steels Ltd

₹ 9.58 -4.96%
27 Jun 2022
mescosteel.com BSE: 540744
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

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]

Website BSE
  • Market Cap ₹ 132 Cr.
  • Current Price ₹ 9.58
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ 47.9
  • Dividend Yield 0.00 %
  • ROCE -17.7 %
  • ROE -23.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.20 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 -13.5% over last 3 years.
  • Contingent liabilities of Rs.248 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

Commodities Metals & Mining Ferrous Metals Iron & Steel

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
12 4 40 38 22 0 0 0 0 0 54 44 0
19 5 35 57 7 2 15 3 2 10 123 52 4
Operating Profit -6 -1 5 -19 15 -2 -15 -3 -2 -10 -69 -8 -4
OPM % -51% -16% 11% -51% 69% -129% -18%
1 7 -8 0 0 0 120 -5 0 -4 -3 1 0
Interest 0 0 -0 0 0 0 4 0 0 0 0 0 0
Depreciation 9 9 9 9 9 9 9 9 9 27 9 9 9
Profit before tax -14 -3 -12 -28 7 -11 92 -17 -11 -41 -81 -16 -13
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 32% 0% 0%
-14 -3 -12 -28 7 -11 92 -17 -11 -41 -107 -16 -13
EPS in Rs -1.03 -0.19 -0.89 -2.05 0.47 -0.79 6.64 -1.21 -0.82 -2.97 -7.78 -1.19 -0.92
Raw PDF

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 TTM
862 558 488 283 583 738 402 192 139 17 51 54 98
635 569 415 199 426 717 443 240 148 133 72 138 189
Operating Profit 227 -10 73 84 156 21 -41 -47 -9 -116 -21 -84 -91
OPM % 26% -2% 15% 30% 27% 3% -10% -25% -7% -682% -42% -156% -92%
7 81 13 19 13 41 46 7 166 11 121 -2 -6
Interest 2 8 14 40 82 5 2 1 0 3 4 0 0
Depreciation 47 59 61 55 57 56 56 42 41 36 36 36 55
Profit before tax 185 4 12 9 30 1 -54 -83 116 -144 59 -122 -151
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 -177
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 -12.86
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: -431%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: %
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 Sep 2025
Equity Capital 138 138 138 138 138 138 138 138 138 138 138 138 138
Reserves 479 480 488 502 526 522 462 377 493 349 409 552 523
30 46 67 72 55 76 46 45 52 50 59 48 44
987 869 848 836 913 961 936 904 687 683 559 626 667
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 1,372
935 915 953 899 868 812 750 708 667 631 594 781 762
CWIP 28 31 18 32 14 24 24 24 24 24 24 24 24
Investments 2 32 105 169 192 192 192 192 192 192 192 192 192
669 555 465 448 558 670 616 539 486 373 354 366 393
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 1,372

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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
46.27% 46.26% 46.26% 46.26% 46.26% 46.26% 46.26% 46.26% 46.26% 46.27% 46.27% 46.27%
No. of Shareholders 92,73692,72492,71592,69992,69092,67592,66792,66092,66092,66092,64192,646

* 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.

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