ISMT Ltd

₹ 52.0 1.46%
05 Dec 4:01 p.m.
About

Incorporated in 1977, ISMT Ltd. is mainly engaged in manufacturing seamless tubes and engineering steels. [1]

Key Points

Merger history
In 1999, the Co merged into Kalyani Seamless Tubes Ltd., a competing Seamless Tube manufacturer. The combined entity retained the name, The Indian Seamless Metal Tubes Ltd.
During 2004-2005, The Indian Seamless Metal Tubes Ltd. and Indian Seamless Steels and Alloys Ltd. merged to form ISMT Ltd. [1]

  • Market Cap 1,564 Cr.
  • Current Price 52.0
  • High / Low 74.6 / 41.1
  • Stock P/E 10.4
  • Book Value 47.8
  • Dividend Yield 0.00 %
  • ROCE 1.78 %
  • ROE %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.09 times its book value
  • Debtor days have improved from 61.0 to 48.3 days.

Cons

  • Earnings include an other income of Rs.2,529 Cr.
  • Working capital days have increased from -223 days to 74.5 days

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
321 305 276 107 302 384 459 479 567 534 581 623 709
299 287 271 133 303 371 517 454 540 520 586 587 648
Operating Profit 22 18 5 -27 -1 13 -58 25 27 14 -5 35 61
OPM % 7% 6% 2% -25% -0% 3% -13% 5% 5% 3% -1% 6% 9%
5 14 4 4 15 11 27 2 7 3 2,521 3 3
Interest 69 69 71 66 65 66 66 68 66 70 -189 5 9
Depreciation 16 16 17 16 16 16 15 15 16 16 16 14 14
Profit before tax -58 -54 -79 -105 -68 -58 -112 -56 -48 -69 2,689 19 42
Tax % 3% 0% 0% 0% 0% 0% -0% -0% 0% 0% 5% -7% 27%
Net Profit -56 -53 -79 -105 -68 -58 -112 -56 -48 -69 2,546 20 30
EPS in Rs -3.83 -3.65 -5.40 -7.15 -4.63 -3.94 -7.66 -3.80 -3.25 -4.70 84.73 0.67 1.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,739 2,035 1,620 1,596 1,523 1,015 1,204 1,558 1,854 1,325 1,252 2,161 2,446
1,477 1,819 1,474 1,520 1,495 1,011 1,158 1,478 1,738 1,248 1,266 2,100 2,341
Operating Profit 261 216 147 75 28 4 45 80 116 78 -14 61 105
OPM % 15% 11% 9% 5% 2% 0% 4% 5% 6% 6% -1% 3% 4%
25 25 -46 -5 99 -32 10 15 -18 20 -2 2,533 2,529
Interest 94 126 158 187 239 282 270 277 278 275 263 14 -105
Depreciation 93 90 101 109 79 75 66 61 57 66 64 62 59
Profit before tax 99 25 -158 -226 -191 -385 -282 -244 -237 -242 -342 2,517 2,681
Tax % 21% -0% 21% 14% 2% -2% -0% 0% 0% 1% -0% 6%
Net Profit 78 25 -124 -194 -188 -395 -282 -243 -237 -240 -343 2,374 2,528
EPS in Rs 5.33 1.72 -8.47 -13.25 -12.84 -26.95 -19.23 -16.57 -16.18 -16.41 -23.38 79.01 81.71
Dividend Payout % 23% 44% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 12%
3 Years: 5%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 18%
TTM: 155%
Stock Price CAGR
10 Years: 9%
5 Years: 28%
3 Years: 128%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
73 73 73 73 73 73 73 73 73 73 73 150 150
Reserves 526 478 358 144 171 -191 -478 -719 -943 -1,188 -1,531 1,236 1,286
1,106 1,249 1,375 1,610 1,734 2,116 2,203 2,215 2,197 2,138 2,096 209 215
983 1,088 1,016 920 782 487 644 864 1,115 1,376 1,670 359 377
Total Liabilities 2,688 2,888 2,823 2,747 2,759 2,486 2,443 2,433 2,443 2,399 2,308 1,955 2,029
1,192 1,219 1,437 1,406 1,655 1,601 1,269 1,224 1,442 1,423 1,364 1,126 1,046
CWIP 248 357 99 91 97 94 17 2 91 94 42 4 9
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
1,247 1,312 1,287 1,249 1,007 790 1,157 1,207 909 882 901 825 973
Total Assets 2,688 2,888 2,823 2,747 2,759 2,486 2,443 2,433 2,443 2,399 2,308 1,955 2,029

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
251 268 120 86 69 -245 -71 31 80 109 16 105
-200 -185 -71 -23 1 4 -7 -1 1 -22 10 -0
-47 -65 -83 -8 -82 200 -46 -13 -50 -101 -46 -85
Net Cash Flow 4 18 -35 55 -12 -40 -124 17 30 -13 -20 20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 83 67 76 68 46 65 60 53 49 55 80 48
Inventory Days 228 187 259 236 192 232 215 152 129 211 181 129
Days Payable 255 216 309 283 216 149 91 48 38 59 67 60
Cash Conversion Cycle 56 37 26 21 22 149 184 158 141 207 193 117
Working Capital Days -34 -25 -31 -56 -56 -50 -36 -134 -253 -461 -281 74
ROCE % 12% 9% 4% -1% -2% -3% -1% 2% 5% 2% -3% 2%

Shareholding Pattern

Numbers in percentages

5 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
51.71 51.71 51.71 51.71 51.71 51.71 48.61 48.61 48.61 74.95 74.95 74.95
0.00 0.00 0.00 0.72 0.72 0.72 1.42 1.04 0.36 0.19 0.18 0.08
1.41 1.39 1.39 1.39 1.39 1.39 0.04 0.04 0.04 0.02 0.01 0.02
46.88 46.90 46.90 46.18 46.18 46.18 49.93 50.31 50.99 24.84 24.86 24.96

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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