ISMT Ltd

₹ 105 3.53%

25 Apr - close price

About

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

Key Points

Product Offerings FY23
Steel (22%): The Co. produces carbon, alloy and martensitic stainless steel bars with a special emphasis on ultra-clean steels, free machining steels, bearing steels, and on other specially engineered steel grades. ^[1]
Tube (78%): It produces both Hot-finished as well as Cold-finished seamless tubes ranging in diameter from 6mm to 273mm used in a variety of applications such as the manufacture of auto-components, bearing races, OCTG products, drill rods, boilers, heat exchangers, etc. ^[2]

Website BSE NSE

Market Cap ₹ 3,169 Cr.
Current Price ₹ 105
High / Low ₹ 112 / 68.2
Stock P/E 18.4
Book Value ₹ 52.2
Dividend Yield 0.47 %
ROCE 10.8 %
ROE 6.13 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 18.7% CAGR over last 5 years
Debtor days have improved from 57.3 to 43.6 days.

Cons

Working capital days have increased from -44.6 days to 73.3 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	384	459	479	567	534	581	623	709	598	650	657	749	642
	371	517	454	540	520	587	588	649	540	587	577	626	538
Operating Profit	13	-58	25	27	14	-6	35	60	58	63	81	122	105
OPM %	3%	-13%	5%	5%	3%	-1%	6%	9%	10%	10%	12%	16%	16%
	11	27	2	7	3	2,521	3	3	4	2	2	-12	8
Interest	66	66	68	66	70	-190	5	8	5	2	4	3	2
Depreciation	16	15	15	16	16	16	14	14	14	18	13	22	23
Profit before tax	-58	-112	-56	-48	-69	2,689	19	42	43	45	67	85	87
Tax %	0%	-0%	-0%	0%	0%	5%	-7%	27%	32%	81%	39%	39%	29%
	-58	-112	-56	-48	-69	2,546	20	30	29	8	41	51	62
EPS in Rs	-3.94	-7.66	-3.80	-3.25	-4.70	84.74	0.67	1.01	0.96	0.28	1.35	1.71	2.06
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	2,035	1,620	1,596	1,523	1,015	1,204	1,558	1,854	1,325	1,252	2,161	2,580	2,699
	1,819	1,474	1,520	1,495	1,011	1,158	1,478	1,738	1,248	1,266	2,101	2,363	2,328
Operating Profit	216	147	75	28	4	45	80	116	78	-14	60	217	371
OPM %	11%	9%	5%	2%	0%	4%	5%	6%	6%	-1%	3%	8%	14%
	25	-46	-5	99	-32	10	15	-18	20	-2	2,533	12	-0
Interest	126	158	187	239	282	270	277	278	275	263	13	22	11
Depreciation	90	101	109	79	75	66	61	57	66	64	62	59	76
Profit before tax	25	-158	-226	-191	-385	-282	-244	-237	-242	-342	2,517	149	283
Tax %	-0%	21%	14%	2%	-2%	-0%	0%	0%	1%	-0%	6%	41%
	25	-124	-194	-188	-395	-282	-243	-237	-240	-343	2,374	88	162
EPS in Rs	1.72	-8.47	-13.25	-12.84	-26.95	-19.23	-16.57	-16.18	-16.41	-23.38	79.01	2.92	5.40
Dividend Payout %	44%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	5%
5 Years:	11%
3 Years:	25%
TTM:	8%

Compounded Profit Growth
10 Years:	14%
5 Years:	19%
3 Years:	33%
TTM:	-30%

Stock Price CAGR
10 Years:	24%
5 Years:	67%
3 Years:	119%
1 Year:	48%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	73	73	73	73	73	73	73	73	73	73	150	150	150
Reserves	478	358	144	171	-191	-478	-719	-943	-1,188	-1,531	1,236	1,328	1,419
	1,249	1,375	1,610	1,734	2,116	2,203	2,215	2,197	2,138	2,096	209	84	42
	1,088	1,016	920	782	487	644	864	1,115	1,376	1,670	359	380	345
Total Liabilities	2,888	2,823	2,747	2,759	2,486	2,443	2,433	2,443	2,399	2,308	1,955	1,942	1,956
	1,219	1,437	1,406	1,655	1,601	1,269	1,224	1,442	1,423	1,364	1,126	1,019	981
CWIP	357	99	91	97	94	17	2	91	94	42	4	19	42
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	1,312	1,287	1,249	1,007	790	1,157	1,207	909	882	901	825	904	934
Total Assets	2,888	2,823	2,747	2,759	2,486	2,443	2,433	2,443	2,399	2,308	1,955	1,942	1,956

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	268	120	86	69	-245	-71	31	80	109	16	104	92
	-185	-71	-23	1	4	-7	-1	1	-22	10	-0	35
	-65	-83	-8	-82	200	-46	-13	-50	-101	-46	-84	-152
Net Cash Flow	18	-35	55	-12	-40	-124	17	30	-13	-20	20	-25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	67	76	68	46	65	60	53	49	55	80	48	44
Inventory Days	187	259	236	192	232	215	152	129	211	181	129	126
Days Payable	216	309	283	216	149	91	48	38	59	67	63	55
Cash Conversion Cycle	37	26	21	22	149	184	158	141	207	193	114	115
Working Capital Days	-25	-31	-56	-56	-50	-36	-134	-253	-461	-281	74	73
ROCE %	9%	4%	-1%	-2%	-3%	-1%	2%	5%	2%	-3%	2%	11%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	48.61%	48.61%	48.61%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%
	1.42%	1.04%	0.36%	0.19%	0.18%	0.08%	0.00%	0.03%	0.02%	0.10%	0.07%	0.09%
	0.04%	0.04%	0.04%	0.02%	0.01%	0.02%	0.02%	0.11%	0.28%	0.31%	0.31%	0.31%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
	49.93%	50.31%	50.99%	24.84%	24.86%	24.96%	25.03%	24.90%	24.76%	24.64%	24.67%	24.66%
No. of Shareholders	71,784	70,570	73,730	73,255	72,705	72,873	74,386	81,738	79,433	80,301	83,649	86,359

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	51.59%	51.59%	51.55%	51.71%	51.71%	74.95%	74.95%	74.95%
	1.19%	0.00%	0.00%	0.00%	0.72%	0.19%	0.03%	0.09%
	1.41%	1.40%	1.39%	1.39%	1.39%	0.02%	0.11%	0.31%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%
	45.81%	47.01%	47.06%	46.90%	46.18%	24.84%	24.90%	24.66%
No. of Shareholders	1,25,413	95,354	85,457	73,717	72,078	73,255	81,738	86,359

* 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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ISMT Ltd

ISMT Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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