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 ₹ 20.0
  • Dividend Yield 0.00 %
  • ROCE -13.2 %
  • ROE -43.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.48 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 52.6 to 20.4 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -20.1% over last 3 years.
  • Contingent liabilities of Rs.1,039 Cr.
  • Company's cost of borrowing seems high
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
34 192 137 1 0 89 209 207 175 250 273 212 132
17 240 132 3 3 92 216 206 166 338 280 162 132
Operating Profit 17 -48 5 -2 -3 -2 -7 1 8 -88 -7 50 0
OPM % 50% -25% 4% -152% -2% -3% 0% 5% -35% -3% 24% 0%
1 7 128 0 48 55 0 1 7 -1 0 -0 -1
Interest 0 16 2 3 3 60 10 11 13 16 12 12 15
Depreciation 21 68 16 16 16 -12 16 16 17 17 16 14 19
Profit before tax -3 -124 116 -20 26 4 -33 -25 -14 -122 -36 23 -34
Tax % -20% -2% 0% 0% 0% 0% 0% 0% 0% -1% -14% 35% 28%
-3 -126 116 -20 26 4 -33 -25 -14 -123 -41 15 -24
EPS in Rs -0.22 -9.16 8.39 -1.42 1.88 0.32 -2.40 -1.84 -0.99 -8.94 -2.94 1.10 -1.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
558 707 659 948 1,062 403 192 228 803 866
569 636 554 763 1,036 452 240 230 888 911
Operating Profit -10 71 105 185 26 -49 -48 -2 -85 -45
OPM % -2% 10% 16% 20% 2% -12% -25% -1% -11% -5%
81 25 25 14 84 48 7 493 8 -1
Interest 8 73 101 173 109 11 16 35 50 55
Depreciation 59 92 84 83 82 82 68 68 66 66
Profit before tax 4 -69 -54 -58 -81 -94 -124 388 -194 -168
Tax % 76% -5% 25% -12% -6% -6% -2% 0% -1%
1 -72 -40 -64 -87 -100 -126 388 -195 -173
EPS in Rs 0.07 -3.42 -2.94 -4.65 -6.28 -7.23 -9.16 28.12 -14.17 -12.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: 26%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -36%
TTM: -120%
Stock Price CAGR
10 Years: %
5 Years: -7%
3 Years: -4%
1 Year: %
Return on Equity
10 Years: %
5 Years: -24%
3 Years: -20%
Last Year: -44%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 546 498 343 279 193 94 -32 355 160 138
526 532 481 492 510 518 515 377 409 177
1,280 1,290 1,133 1,285 1,302 1,236 1,217 1,043 1,046 1,369
Total Liabilities 2,490 2,458 2,095 2,194 2,143 1,986 1,838 1,913 1,753 1,822
1,809 1,825 1,326 1,268 1,193 1,105 1,037 1,038 981 952
CWIP 40 26 59 54 70 71 71 46 58 63
Investments 2 12 12 12 12 12 12 12 12 12
640 595 698 860 868 799 718 816 702 794
Total Assets 2,490 2,458 2,095 2,194 2,143 1,986 1,838 1,913 1,753 1,822

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
48 161 187 168 -46 -100 -11 -214 3
-62 -99 -50 -17 17 35 20 46 26
-4 -93 -136 -126 35 27 -44 171 -18
Net Cash Flow -19 -31 0 25 6 -38 -34 2 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 4 5 3 5 17 37 69 68 20
Inventory Days 174 175 288 224 90 184 3,063 1,129 115
Days Payable 106 177 294 320 151 331 5,269 1,113 127
Cash Conversion Cycle 72 4 -3 -91 -44 -109 -2,137 84 8
Working Capital Days 5 -52 -83 -101 -121 -320 -743 -416 -141
ROCE % 0% 4% 12% 3% -9% -13% 18% -13%

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

Annual reports

Credit ratings

Concalls

  • Jul 2018
    Transcript
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