Earthstahl & Alloys Ltd
Earthstahl & Alloys Ltd. (EAL) is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings[1]
- Market Cap ₹ 60.1 Cr.
- Current Price ₹ 49.1
- High / Low ₹ 77.0 / 40.8
- Stock P/E 21.4
- Book Value ₹ 29.5
- Dividend Yield 1.02 %
- ROCE 27.6 %
- ROE 29.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.8%
Cons
- 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
Sector: Steel Industry: Steel - Medium / Small
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 1.87 | 39.05 | 31.65 | 24.12 | 48.88 | 91.81 | 89.35 | |
| 2.58 | 40.93 | 29.04 | 17.95 | 35.43 | 79.40 | 83.55 | |
| Operating Profit | -0.71 | -1.88 | 2.61 | 6.17 | 13.45 | 12.41 | 5.80 |
| OPM % | -37.97% | -4.81% | 8.25% | 25.58% | 27.52% | 13.52% | 6.49% |
| 1.17 | 0.27 | 0.16 | 0.46 | 0.20 | 0.38 | 0.77 | |
| Interest | 0.09 | 1.58 | 1.75 | 1.75 | 1.20 | 1.06 | 1.01 |
| Depreciation | 1.64 | 1.35 | 1.38 | 1.45 | 1.51 | 2.10 | 2.27 |
| Profit before tax | -1.27 | -4.54 | -0.36 | 3.43 | 10.94 | 9.63 | 3.29 |
| Tax % | -0.00% | -0.00% | 5.56% | 21.87% | 31.44% | 22.01% | |
| -1.27 | -4.54 | -0.33 | 2.67 | 7.49 | 7.51 | 2.81 | |
| EPS in Rs | -4.23 | -15.13 | -1.10 | 8.90 | 24.97 | 6.14 | 2.30 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 8.15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 118% |
| 3 Years: | 43% |
| TTM: | 88% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 191% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 41% |
| Last Year: | 30% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 12.24 | 12.24 |
| Reserves | 3.66 | -0.88 | 2.00 | 4.68 | 12.17 | 23.40 | 23.84 |
| 15.25 | 14.99 | 17.34 | 13.97 | 14.00 | 12.73 | 14.58 | |
| 2.07 | 5.78 | 7.56 | 6.52 | 6.75 | 9.34 | 8.44 | |
| Total Liabilities | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.71 | 59.10 |
| 17.53 | 17.07 | 16.25 | 15.84 | 15.95 | 24.16 | 23.27 | |
| CWIP | -0.00 | 0.14 | 0.20 | 0.24 | 5.21 | 1.56 | 3.07 |
| Investments | -0.00 | 0.02 | 0.15 | 0.15 | 0.15 | 0.15 | -0.00 |
| 6.45 | 5.66 | 13.30 | 11.94 | 14.61 | 31.84 | 32.76 | |
| Total Assets | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.71 | 59.10 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 1.43 | 6.81 | 7.91 | 11.97 | |||
| -1.50 | -1.04 | -6.86 | -12.70 | |||
| 0.06 | -5.11 | -1.57 | 7.72 | |||
| Net Cash Flow | -0.01 | 0.66 | -0.53 | 6.98 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 66.36 | 8.79 | 7.84 | 12.71 | 4.18 | 13.87 |
| Inventory Days | 1,223.82 | 35.47 | 198.07 | 207.27 | 285.34 | 102.86 |
| Days Payable | 652.71 | 45.75 | 131.38 | 132.68 | 107.60 | 54.58 |
| Cash Conversion Cycle | 637.48 | -1.50 | 74.53 | 87.31 | 181.93 | 62.16 |
| Working Capital Days | 343.53 | -32.34 | -4.15 | -13.92 | 45.25 | 30.57 |
| ROCE % | -15.17% | 7.05% | 23.51% | 47.46% | 27.57% |
Documents
Announcements
- Certificate Under Regulation 40 - SEBI (LODR) Regulations 2015 For The Period Ended 31.03.2024. 11 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Reg. 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended 31.03.2024.
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Period Ended 31.03.2024. 8 Apr
- Intimation Of CIN Updation. 3 Apr
- Closure of Trading Window 27 Mar
History[1]
EAL started operations of manufacturing cast iron in 2012 with one submerged electric arc furnace with capacity of 3.6 MVA to manufacture 10,500 tonnes p.a. of Cast Iron Lumps. In 2017 it forayed into Ductile Iron Pipes fittings segment which is used in public water supply systems as connectors of pipes.
Later it commissioned Lost Foam-based Steel Foundry consisting of one induction furnace with two crucibles, one of 500 KG and another 1000 KG to produce Ductile iron pipe fittings of different dimensions, shapes, and sizes used in the water supply system.