Earthstahl & Alloys Ltd
Incorporated in 2009, Earthstahl & Alloys Ltd is in the business of manufacturing, generation and sale of Iron and Steel products[1]
- Market Cap ₹ 31.8 Cr.
- Current Price ₹ 26.0
- High / Low ₹ 49.5 / 0.00
- Stock P/E 60.0
- Book Value ₹ 30.6
- Dividend Yield 0.00 %
- ROCE 3.58 %
- ROE 1.43 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.85 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.0% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 1.87 | 39.05 | 31.65 | 24.12 | 48.88 | 91.81 | 87.94 | 72.28 | |
| 2.58 | 40.93 | 29.04 | 17.95 | 35.43 | 79.40 | 82.73 | 68.30 | |
| Operating Profit | -0.71 | -1.88 | 2.61 | 6.17 | 13.45 | 12.41 | 5.21 | 3.98 |
| OPM % | -37.97% | -4.81% | 8.25% | 25.58% | 27.52% | 13.52% | 5.92% | 5.51% |
| 1.17 | 0.27 | 0.16 | 0.46 | 0.20 | 0.38 | 0.98 | 0.50 | |
| Interest | 0.09 | 1.58 | 1.75 | 1.75 | 1.20 | 1.06 | 0.93 | 1.14 |
| Depreciation | 1.64 | 1.35 | 1.38 | 1.45 | 1.51 | 2.10 | 2.15 | 2.59 |
| Profit before tax | -1.27 | -4.54 | -0.36 | 3.43 | 10.94 | 9.63 | 3.11 | 0.75 |
| Tax % | 0.00% | 0.00% | -5.56% | 21.87% | 31.44% | 22.01% | 39.23% | 29.33% |
| -1.27 | -4.54 | -0.33 | 2.67 | 7.49 | 7.51 | 1.89 | 0.53 | |
| EPS in Rs | -4.23 | -15.13 | -1.10 | 8.90 | 24.97 | 6.14 | 1.54 | 0.43 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.15% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 14% |
| TTM: | -18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | -59% |
| TTM: | -72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 10% |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 12.24 | 12.24 | 12.24 |
| Reserves | 3.66 | -0.88 | 2.00 | 4.68 | 12.17 | 23.40 | 24.68 | 25.21 |
| 15.25 | 14.99 | 17.34 | 13.97 | 14.00 | 12.73 | 12.97 | 18.31 | |
| 2.07 | 5.78 | 7.56 | 6.52 | 6.75 | 9.34 | 10.44 | 11.85 | |
| Total Liabilities | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.71 | 60.33 | 67.61 |
| 17.53 | 17.07 | 16.25 | 15.84 | 15.95 | 24.16 | 22.97 | 41.40 | |
| CWIP | 0.00 | 0.14 | 0.20 | 0.24 | 5.21 | 1.56 | 11.91 | 0.00 |
| Investments | 0.00 | 0.02 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.01 |
| 6.45 | 5.66 | 13.30 | 11.94 | 14.61 | 31.84 | 25.30 | 26.20 | |
| Total Assets | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.71 | 60.33 | 67.61 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 1.43 | 6.81 | 6.59 | 8.68 | 7.82 | -0.66 | |||
| -1.50 | -1.04 | -5.95 | -12.32 | -12.62 | -4.51 | |||
| 0.06 | -5.11 | -1.17 | 10.63 | -1.29 | 4.19 | |||
| Net Cash Flow | -0.01 | 0.66 | -0.53 | 6.98 | -6.09 | -0.98 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66.36 | 8.79 | 7.84 | 12.71 | 4.18 | 13.87 | 6.68 | 8.38 |
| Inventory Days | 1,223.82 | 35.47 | 198.07 | 207.27 | 285.34 | 102.86 | 101.48 | 252.47 |
| Days Payable | 652.71 | 45.75 | 131.38 | 132.68 | 107.60 | 54.58 | 62.30 | 118.88 |
| Cash Conversion Cycle | 637.48 | -1.50 | 74.53 | 87.31 | 181.93 | 62.16 | 45.86 | 141.97 |
| Working Capital Days | 343.53 | -32.34 | -4.15 | -13.92 | 45.25 | 30.57 | 19.59 | 47.17 |
| ROCE % | -15.17% | 7.05% | 23.51% | 47.46% | 27.57% | 8.22% | 3.58% |
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting Dated 29.05.2025
29 May - Earthstahl announces audited financial results for year ended 31 Mar 2025 with unmodified auditor opinion.
- Financial Results For The HY And Y Ended 31St March 2025 29 May
-
Board Meeting Intimation for The Audited Standalone Financial Results Of The Company Along With The Audit Report, For The Half-Year And Year Ended 31St March, 2025.
26 May - Board meeting on 29 May to approve FY25 audited financial results; trading window closed till results declaration.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Apr - Certificate confirming no remat/demat requests; all shares in demat form for quarter ending 31 Mar 2025.
-
Closure of Trading Window
26 Mar - Closure of trading window for designated persons.
Business Overview:[1]
a) E&AL produces Cast Iron (CI) through Submerged Arc Furnaces which are used for production of ferro alloys. Cast iron is used as a
substitute of Pig iron in steel plants/foundries
b) Company uses waste generated by steel plants as primary raw material for production of Cast Iron
c) It can also shift to production of ferro alloys after getting the necessary environmental
clearances.
d) Company has started OPVC compatible DI fittings
e) It has started exporting pipe fittings and entered into strategic alliance with a foreign company
f) Company has also entered into agreement for acquisition of land in iron ore rich belt of Gadchiroli area of Maharashtra