JSW Ispat Special Products Ltd(Merged)

JSW Ispat Speci. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

JSW Ispat Special Products Ltd(Merged)

₹ 39.0 2.77%
09 Aug 2023
aionjsw.in
About

JSW Ispat Special Products Ltd is engaged in manufacturing and marketing of sponge iron, steel and ferro alloys, along with billets and pellets. It was incorporated in 1990.[1] Its part of the JSW Group.

Key Points

Product Portfolio & User Industry
The Company is a manufacturer in the steel business, focussed on producing and marketing products such as sponge iron, ferroalloys, structural steel, billets, and slabs, which find varied applications across industries such as automobile, construction, and infrastructure, and other transport industries such as ships, trains, train cars, etc. [1]

Website
  • Market Cap ₹ 1,831 Cr.
  • Current Price ₹ 39.0
  • High / Low ₹ 39.6 / 30.6
  • Stock P/E
  • Book Value ₹ 21.1
  • Dividend Yield 0.00 %
  • ROCE -5.51 %
  • ROE -56.6 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -22.9% over last 3 years.
  • Promoters have pledged 81.1% of their holding.
  • Earnings include an other income of Rs.27.6 Cr.
  • Debtor days have increased from 30.9 to 60.8 days.
  • Promoter holding has decreased over last 3 years: -21.2%

* 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 - Sponge Iron

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
595 955 1,161 1,477 1,462 1,437 1,473 1,688 1,221 758 1,102 1,324 1,309
630 892 1,009 1,271 1,284 1,355 1,381 1,569 1,258 850 1,069 1,246 1,261
Operating Profit -35 63 152 206 179 83 93 119 -37 -92 33 78 48
OPM % -6% 7% 13% 14% 12% 6% 6% 7% -3% -12% 3% 6% 4%
3 3 3 5 7 5 3 15 13 4 8 11 4
Interest 66 69 68 72 66 68 68 68 68 63 74 80 80
Depreciation 55 58 56 57 55 56 56 55 53 57 65 61 63
Profit before tax -154 -62 30 81 63 -37 -28 11 -145 -208 -97 -52 -91
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-154 -62 30 81 63 -37 -28 11 -145 -208 -97 -52 -91
EPS in Rs -3.27 -1.32 0.63 1.72 1.35 -0.78 -0.60 0.23 -3.09 -4.43 -2.06 -1.10 -1.95
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1,897 1,957 2,277 3,186 1,827 1,238 1,383 1,879 2,638 4,188 6,061 3,806 4,492
1,418 1,479 1,880 3,048 2,263 1,317 1,321 1,876 2,682 3,799 5,586 3,854 4,425
Operating Profit 479 479 398 138 -436 -79 62 3 -44 388 474 -48 68
OPM % 25% 24% 17% 4% -24% -6% 4% 0% -2% 9% 8% -1% 2%
61 71 81 -180 70 -176 -428 -2,741 26 10 29 31 28
Interest 89 122 243 665 980 1,117 1,183 448 253 276 271 284 297
Depreciation 74 89 139 281 359 356 352 276 217 227 223 228 247
Profit before tax 377 338 97 -989 -1,705 -1,729 -1,901 -3,461 -488 -105 9 -529 -448
Tax % 23% 26% 31% 20% 0% -0% 0% 0% 0% 0% 0% 0%
289 250 67 -796 -1,705 -1,734 -1,901 -3,461 -488 -105 9 -529 -448
EPS in Rs 44.92 39.30 10.13 -120.95 -84.90 -86.35 -94.67 -73.72 -10.40 -2.24 0.20 -11.26 -9.54
Dividend Payout % 6% 3% 10% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 22%
3 Years: 13%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: -3%
TTM: -124%
Stock Price CAGR
10 Years: -8%
5 Years: 10%
3 Years: 1%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: %
3 Years: -23%
Last Year: -57%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 64 64 66 66 201 201 201 470 470 470 470 996
Reserves 2,296 2,516 2,599 1,777 391 -1,347 -3,278 982 490 388 396 -3
Preference Capital 0 175 175 175 0 143 149 526 526 526 526
4,096 5,859 6,849 7,985 7,591 8,353 8,392 2,198 2,649 2,570 2,699 3,188
452 933 1,174 1,211 1,992 1,991 2,895 1,073 1,154 1,561 1,619 1,560
Total Liabilities 6,909 9,372 10,687 11,039 10,175 9,198 8,210 4,723 4,763 4,989 5,184 5,739
1,379 1,388 4,399 6,969 6,687 6,361 6,017 3,373 3,249 3,168 3,069 3,072
CWIP 2,022 3,683 2,168 189 139 157 166 154 238 175 167 37
Investments 591 932 1,067 1,144 1,068 1,059 623 1 1 1 2 1
2,917 3,370 3,054 2,736 2,281 1,621 1,404 1,196 1,275 1,644 1,947 2,629
Total Assets 6,909 9,372 10,687 11,039 10,175 9,198 8,210 4,723 4,763 4,989 5,184 5,739

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
301 298 203 409 629 270 -28 -196 -197 388 276 -71
-1,300 -2,062 -1,643 -929 12 -27 -12 641 -118 -83 -122 -119
1,142 1,654 790 532 -815 -206 73 -371 186 -329 -116 235
Net Cash Flow 143 -110 -651 12 -174 37 33 74 -130 -24 39 45

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 34 46 34 28 23 29 16 6 7 16 15 61
Inventory Days 180 242 267 161 139 136 109 182 161 114 94 152
Days Payable 20 26 57 65 67 53 42 99 92 96 72 157
Cash Conversion Cycle 195 262 244 124 94 111 83 90 77 34 38 55
Working Capital Days 185 139 139 -2 51 -625 -1,239 95 63 37 38 65
ROCE % 8% 6% 4% -1% -8% -5% -4% -5% -6% 4% 7%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
74.35% 74.35% 74.35% 53.17% 53.17% 53.17% 53.17% 53.17% 53.17% 53.17% 53.17% 53.17%
0.00% 0.00% 0.00% 2.52% 1.57% 1.24% 1.25% 1.57% 2.98% 5.53% 7.67% 8.92%
16.85% 14.89% 13.40% 8.84% 4.48% 4.02% 3.96% 3.96% 3.96% 3.96% 4.73% 4.59%
8.79% 10.76% 12.25% 35.47% 40.78% 41.57% 41.62% 41.30% 39.88% 37.33% 34.42% 33.34%
No. of Shareholders 32,58734,33937,30868,80197,8931,09,1181,28,6971,35,6171,28,2261,17,7191,09,9101,03,160

* 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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Documents

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Annual reports

Credit ratings

Concalls

  • Jul 2021
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