Supershakti Metaliks Ltd

Supershakti Metaliks Ltd

₹ 500 -13.04%
24 Jan 2024
About

Incorporated in 2012, Supershakti Metaliks Limited is engaged in the business of Iron and steel manufacturing and allied activities. [1]

Key Points

Products
The Company is into the manufacturing of diversified products of secondary steel through the Induction Furnace route and currently operating a Steel Melting Section to produce semi-finished products (i.e. Billet) and Rolling Mill Section to produce Wire Rods, HB Wires, Binding Wires, etc. in its plant. .[1]

  • Market Cap 576 Cr.
  • Current Price 500
  • High / Low 575 / 375
  • Stock P/E 35.6
  • Book Value 212
  • Dividend Yield 0.20 %
  • ROCE 21.6 %
  • ROE 16.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.4% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.3% 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
263 204 152 224 291 342 359 371 346
253 202 146 210 274 329 326 354 338
Operating Profit 10 2 7 14 17 13 34 16 8
OPM % 4% 1% 4% 6% 6% 4% 9% 4% 2%
2 10 0 3 0 1 1 2 4
Interest 2 2 1 1 2 2 2 2 1
Depreciation 2 2 2 3 2 3 2 2 2
Profit before tax 7 8 3 13 13 10 31 14 8
Tax % 14% 28% 13% 26% 25% 23% 25% 26% 25%
6 6 3 10 10 8 23 10 6
EPS in Rs 5.23 4.95 2.64 8.62 8.51 6.86 19.83 9.06 4.99
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 356 507 467 377 634 730 716
0 333 481 455 356 603 680 692
Operating Profit 0 23 26 12 21 30 50 24
OPM % 7% 5% 3% 5% 5% 7% 3%
0 4 9 12 3 2 3 5
Interest 0 4 2 4 2 4 4 3
Depreciation 0 4 5 5 5 5 5 5
Profit before tax 0 19 27 15 16 23 45 22
Tax % 35% 36% 22% 23% 24% 25%
0 12 18 12 12 18 33 16
EPS in Rs 12.51 15.29 10.18 10.84 15.37 28.89 14.05
Dividend Payout % 0% 3% 5% 5% 3% 3%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 16%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 94%
TTM: -47%
Stock Price CAGR
10 Years: %
5 Years: 19%
3 Years: 22%
1 Year: 33%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 5 6 12 12 12 12 12
Reserves 0 50 96 101 148 167 226 233
0 22 4 14 20 21 10 21
0 42 30 28 32 51 58 68
Total Liabilities 0 119 136 156 212 251 306 333
0 39 35 39 36 32 39 38
CWIP 0 2 3 2 2 10 17 18
Investments 0 0 0 30 95 99 130 132
0 78 98 84 79 110 119 145
Total Assets 0 119 136 156 212 251 306 333

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
43 -2 15 24 19 76
-2 -6 -29 -26 -13 -50
-34 9 6 2 -3 -15
Net Cash Flow 7 1 -9 1 2 10

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 27 21 17 14 11 6
Inventory Days 42 35 35 69 51 23
Days Payable 46 21 23 23 21 15
Cash Conversion Cycle 23 36 29 61 42 15
Working Capital Days 21 34 39 47 32 9
ROCE % 32% 7% 12% 14% 22%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
72.23% 72.23% 72.23% 72.23% 72.23% 72.23% 72.23% 72.23% 72.23% 72.23% 72.23%
0.00% 9.92% 9.92% 9.92% 9.92% 9.92% 9.92% 9.92% 9.92% 9.92% 9.92%
27.77% 17.85% 17.85% 17.85% 17.85% 17.85% 17.85% 17.85% 17.85% 17.85% 17.84%
No. of Shareholders 201230947773788679767781

* 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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