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 ₹ 33.7
  • Dividend Yield 0.00 %
  • ROCE -23.1 %
  • ROE -25.7 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.28 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -50.7% over past five years.
  • Company has a low return on equity of -5.88% over last 3 years.
  • Contingent liabilities of Rs.1,039 Cr.
  • Company has high debtors of 794 days.
  • Promoter holding has decreased over last 3 years: -11.9%

* 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 - Pig Iron

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
34 123 137 1 0 1 1 12 4 0 38 22 0
17 205 132 3 2 11 8 19 5 102 57 7 2
Operating Profit 17 -82 6 -2 -2 -11 -7 -6 -1 -102 -19 15 -2
OPM % 51% -66% 4% -162% -1,815% -1,173% -51% -16% -339,767% -51% 69%
1 5 128 0 39 -1 0 1 7 2 0 0 0
Interest 0 1 0 0 0 0 0 0 0 3 0 0 0
Depreciation 14 -1 9 9 9 14 9 9 9 9 9 9 9
Profit before tax 4 -77 124 -10 27 -25 -16 -14 -3 -111 -28 7 -11
Tax % 12% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
4 -77 124 -10 27 -25 -16 -14 -3 -111 -28 7 -11
EPS in Rs 0.27 -5.62 9.01 -0.76 1.97 -1.84 -1.15 -1.03 -0.19 -8.08 -2.05 0.47 -0.79
Raw PDF

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
547 729 862 558 488 283 583 738 402 192 139 17 60
404 552 635 569 415 199 426 717 443 240 148 133 168
Operating Profit 143 177 227 -10 73 84 156 21 -41 -47 -9 -116 -108
OPM % 26% 24% 26% -2% 15% 30% 27% 3% -10% -25% -7% -682% -180%
4 26 7 81 13 19 13 41 46 7 166 11 3
Interest 6 2 2 8 14 40 82 5 2 1 0 3 3
Depreciation 35 46 47 59 61 55 57 56 56 42 41 36 36
Profit before tax 106 156 185 4 12 9 30 1 -54 -83 116 -144 -144
Tax % 14% 10% 37% 76% 27% -55% 22% 388% -11% -2% 0% 0%
90 140 116 1 9 14 23 -4 -60 -85 116 -144 -144
EPS in Rs 6.55 10.19 8.43 0.07 0.62 1.02 1.69 -0.28 -4.34 -6.17 8.38 -10.45 -10.45
Dividend Payout % 8% 7% 9% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -31%
5 Years: -51%
3 Years: -65%
TTM: 242%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -227%
Stock Price CAGR
10 Years: %
5 Years: -7%
3 Years: -5%
1 Year: %
Return on Equity
10 Years: 0%
5 Years: -5%
3 Years: -6%
Last Year: -26%

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 138 138 138 138 138 138 138 138 138 138 138 138 138
Reserves 246 375 479 480 488 502 526 522 462 377 493 349 327
59 41 30 46 67 72 55 76 46 45 52 50 52
933 919 987 869 848 836 913 961 936 904 687 683 704
Total Liabilities 1,375 1,472 1,634 1,533 1,541 1,549 1,632 1,697 1,582 1,464 1,369 1,220 1,220
888 856 935 915 953 899 868 812 750 708 667 631 613
CWIP 77 107 28 31 18 32 14 24 24 24 24 24 24
Investments 2 2 2 32 105 169 192 192 192 192 192 192 192
409 508 669 555 465 448 558 670 616 539 486 373 391
Total Assets 1,375 1,472 1,634 1,533 1,541 1,549 1,632 1,697 1,582 1,464 1,369 1,220 1,220

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
117 68 57 48 127 100 42 -3 -40 -12 -6 -0
-27 -37 -35 -72 -150 -62 -28 19 35 16 2 5
-60 -26 -19 -4 -2 -35 -20 14 -32 -2 -0 -4
Net Cash Flow 30 5 3 -28 -24 3 -7 30 -38 2 -5 0

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 5 3 2 0 3 1 15 36 60 117 108 794
Inventory Days 198 158 191 125 165 220 65 92 1,340 1,779 4,887
Days Payable 345 188 90 66 119 325 118 233 3,423 3,999 11,137
Cash Conversion Cycle -142 -26 103 59 48 1 -90 -17 -80 -1,966 -2,111 -5,456
Working Capital Days -222 -130 -17 3 -28 -9 -49 -58 -103 -294 -269 -2,643
ROCE % 26% 32% 31% 2% 4% 7% 16% 1% -8% -14% 21% -23%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.54% 65.54% 65.54% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59%
0.20% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
34.27% 34.32% 34.32% 46.26% 46.26% 46.26% 46.27% 46.26% 46.26% 46.26% 46.26% 46.26%
No. of Shareholders 93,17592,87793,05392,92992,77092,75692,73692,72492,71592,69992,69092,675

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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Credit ratings

Concalls

  • Jul 2018
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