SRU Steels Ltd
Incorporated in 1995, SRU Steels Ltd does trading of stainless steels and acts as consignment agent[1]
- Market Cap ₹ 26.8 Cr.
- Current Price ₹ 4.47
- High / Low ₹ 15.2 / 3.61
- Stock P/E
- Book Value ₹ 2.17
- Dividend Yield 0.00 %
- ROCE 3.27 %
- ROE 2.38 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -12.0% over past five years.
- Company has a low return on equity of 3.21% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0.54 | 0.68 | 0.53 | 0.46 | 0.93 | 21.36 | 33.32 | 38.47 | 26.25 | 14.10 | 15.79 | 17.61 | 10.53 | |
0.42 | 0.54 | 0.86 | 0.88 | 0.84 | 20.86 | 33.16 | 38.55 | 26.19 | 14.48 | 15.37 | 17.79 | 11.43 | |
Operating Profit | 0.12 | 0.14 | -0.33 | -0.42 | 0.09 | 0.50 | 0.16 | -0.08 | 0.06 | -0.38 | 0.42 | -0.18 | -0.90 |
OPM % | 22.22% | 20.59% | -62.26% | -91.30% | 9.68% | 2.34% | 0.48% | -0.21% | 0.23% | -2.70% | 2.66% | -1.02% | -8.55% |
0.06 | 0.08 | 0.61 | 0.76 | 0.39 | 0.39 | 0.29 | 0.50 | 0.82 | 0.95 | 0.93 | 0.70 | 0.00 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.46 | 0.15 | 0.31 | 0.00 | 0.00 |
Depreciation | 0.05 | 0.04 | 0.04 | 0.06 | 0.05 | 0.03 | 0.03 | 0.07 | 0.13 | 0.11 | 0.10 | 0.08 | 0.05 |
Profit before tax | 0.13 | 0.18 | 0.24 | 0.28 | 0.43 | 0.86 | 0.42 | 0.30 | 0.29 | 0.31 | 0.94 | 0.44 | -0.95 |
Tax % | 30.77% | 33.33% | 33.33% | 32.14% | 32.56% | 25.58% | 28.57% | 26.67% | 27.59% | 25.81% | 26.60% | 25.00% | |
0.09 | 0.12 | 0.16 | 0.20 | 0.30 | 0.64 | 0.30 | 0.22 | 0.21 | 0.23 | 0.70 | 0.32 | -0.98 | |
EPS in Rs | 0.03 | 0.04 | 0.03 | 0.03 | 0.05 | 0.11 | 0.05 | 0.04 | 0.04 | 0.04 | 0.12 | 0.05 | -0.16 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 37.47% |
Compounded Sales Growth | |
---|---|
10 Years: | 38% |
5 Years: | -12% |
3 Years: | -12% |
TTM: | -60% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 1% |
3 Years: | 15% |
TTM: | -238% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -55% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.63 | 3.63 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 11.99 | 11.99 |
Reserves | 0.97 | 1.10 | 2.63 | 2.83 | 3.14 | 3.75 | 4.05 | 4.27 | 4.45 | 4.68 | 5.30 | 1.63 | 1.04 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | 0.55 | 0.00 | 0.00 | 0.00 | |
0.23 | 1.88 | 2.09 | 2.85 | 5.26 | 5.24 | 1.59 | 6.64 | 5.14 | 4.38 | 6.51 | 0.87 | 0.90 | |
Total Liabilities | 4.83 | 6.61 | 12.71 | 13.67 | 16.39 | 16.98 | 13.63 | 18.90 | 17.98 | 17.60 | 19.80 | 14.49 | 13.93 |
0.15 | 0.12 | 0.08 | 0.14 | 0.11 | 0.08 | 0.41 | 0.71 | 0.57 | 0.48 | 0.45 | 0.34 | 0.31 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
4.68 | 6.49 | 12.63 | 13.53 | 16.28 | 16.90 | 13.22 | 18.19 | 17.41 | 17.12 | 19.35 | 14.15 | 13.62 | |
Total Assets | 4.83 | 6.61 | 12.71 | 13.67 | 16.39 | 16.98 | 13.63 | 18.90 | 17.98 | 17.60 | 19.80 | 14.49 | 13.93 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.41 | -0.20 | -0.06 | -0.72 | 0.98 | -0.01 | -0.13 | 8.42 | -10.62 | -0.30 | -0.53 | ||
-0.02 | 0.41 | -0.12 | 0.38 | 0.38 | -0.07 | 0.09 | 0.70 | 0.88 | 0.82 | 0.55 | ||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | -0.55 | 0.00 | ||
Net Cash Flow | -0.43 | 0.21 | -0.17 | -0.34 | 1.36 | -0.07 | -0.03 | 9.12 | -9.60 | -0.03 | 0.02 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2,196.76 | 1,513.68 | 1,391.13 | 975.98 | 934.09 | 210.52 | 48.75 | 59.96 | 61.60 | 70.67 | 70.97 | 14.92 |
Inventory Days | 19.15 | 0.00 | 18.24 | 11.93 | 29.12 | 55.17 | 0.00 | |||||
Days Payable | 90.79 | 26.66 | 23.85 | 19.23 | 66.41 | |||||||
Cash Conversion Cycle | 2,196.76 | 1,513.68 | 1,391.13 | 975.98 | 934.09 | 138.89 | 48.75 | 51.55 | 49.67 | 80.57 | 59.72 | 14.92 |
Working Capital Days | 2,690.19 | 719.26 | 6,941.89 | 8,093.48 | 4,038.55 | 178.57 | 115.35 | 100.00 | 22.53 | 287.60 | 294.96 | 272.97 |
ROCE % | 2.85% | 3.86% | 3.13% | 2.61% | 3.92% | 7.43% | 3.53% | 2.88% | 6.06% | 3.53% | 9.43% | 3.27% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
21 Apr - Appointment of Vijay Sureshbhai Makvana as Executive MD and CFO effective April 21, 2025.
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Of SRU Steels Limited
21 Apr - Appointed Vijay Makvana as MD and CFO; accepted resignations; approved loans/investments up to Rs.200 Cr.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
19 Apr - Managing Director, CFO and non‑executive director resign effective April 19, 2025
-
Announcement under Regulation 30 (LODR)-Resignation of Managing Director
19 Apr - Resignation of MD & CFO (Meet Govani) and Non-Executive Director (Ravi Sinojiya) effective April 19, 2025
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
19 Apr - Resignation of MD, CFO and non-executive director effective April 19, 2025
Business Overview:[1][2][3]
Company trades in various types of steel products viz. stainless steels, mild steels, steel coils, sheets, carbon iron steel and also does sale of products on commission basis. Company is planning to sell directly to customers along with consignment sales. It has a franchisee of M/s Jindal Steel & Power Limited for trading in steel. Company is operating in Delhi and Ahmedabad only