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 -2.50 %
  • ROE -46.0 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -20.6% over last 3 years.
  • Promoters have pledged 81.1% of their holding.
  • Debtor days have increased from 25.5 to 44.8 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

Consolidated Figures in Rs. Crores / View Standalone

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 1,665 758 1,102 1,649 1,676
630 894 1,009 1,271 1,284 1,355 1,381 1,570 1,647 850 1,069 1,515 1,574
Operating Profit -35 62 152 206 179 83 93 118 17 -92 33 134 102
OPM % -6% 6% 13% 14% 12% 6% 6% 7% 1% -12% 3% 8% 6%
3 308 3 17 7 5 3 9 15 3 8 12 6
Interest 66 69 68 72 66 68 68 68 68 63 74 82 81
Depreciation 56 59 57 57 55 56 56 55 57 57 65 64 68
Profit before tax -154 241 29 93 63 -37 -28 3 -92 -209 -97 1 -40
Tax % 0% 0% 0% 0% 0% 0% 0% 0% -14% 0% 0% 2,084% -32%
-154 241 29 93 63 -37 -28 3 -105 -209 -97 -12 -53
EPS in Rs -3.28 5.15 0.63 1.99 1.35 -0.79 -0.60 0.07 -2.24 -4.45 -2.06 -0.25 -1.13
Raw PDF

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
1,989 2,062 2,302 3,242 1,843 1,238 1,383 1,879 2,638 4,188 6,061 5,173 5,185
1,492 1,576 1,909 3,146 2,295 1,639 1,342 1,878 2,683 3,800 5,588 5,081 5,008
Operating Profit 497 486 393 96 -452 -401 41 2 -44 388 473 92 177
OPM % 25% 24% 17% 3% -25% -32% 3% 0% -2% 9% 8% 2% 3%
44 65 74 -189 -19 -226 -250 -2,829 26 326 22 38 29
Interest 103 135 253 683 1,083 1,141 1,195 448 255 276 271 286 299
Depreciation 81 100 144 288 364 360 355 278 219 228 223 243 254
Profit before tax 357 315 70 -1,063 -1,918 -2,127 -1,759 -3,552 -492 210 1 -398 -346
Tax % 26% 29% 47% 18% 0% -0% 0% 0% 0% 0% 0% -8%
263 223 37 -869 -1,917 -2,132 -1,759 -3,552 -492 210 1 -430 -371
EPS in Rs 40.63 34.87 5.63 -130.23 -94.97 -106.05 -87.57 -75.66 -10.48 4.48 0.03 -9.16 -7.89
Dividend Payout % 6% 3% 18% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 30%
3 Years: 25%
TTM: -17%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 4%
TTM: -128%
Stock Price CAGR
10 Years: -8%
5 Years: 10%
3 Years: 1%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: %
3 Years: -21%
Last Year: -46%

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
Equity Capital 64 64 66 66 201 201 201 470 470 470 470 996
Reserves 2,363 2,579 2,711 1,826 213 -1,802 -3,478 698 177 398 397 -3
Preference Capital 5 185 175 175 0 0 149 526 526 526 526
5,754 8,606 10,737 12,500 11,928 12,262 8,653 2,475 2,951 2,570 2,699 3,188
687 1,523 1,934 2,095 2,758 3,113 2,934 1,115 1,203 1,561 1,619 1,560
Total Liabilities 8,869 12,773 15,448 16,486 15,099 13,773 8,309 4,759 4,801 4,998 5,186 5,740
1,699 1,704 4,918 7,521 6,909 6,581 6,194 3,378 3,254 3,168 3,069 3,072
CWIP 3,648 7,189 6,794 5,683 5,761 5,587 168 182 238 175 167 37
Investments 109 272 101 94 324 46 572 1 1 1 2 1
3,413 3,608 3,635 3,188 2,105 1,559 1,374 1,197 1,309 1,653 1,948 2,629
Total Assets 8,869 12,773 15,448 16,486 15,099 13,773 8,309 4,759 4,801 4,998 5,186 5,740

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
459 809 59 1,659 1,117 292 -16 -194 -196 406 276 -71
-2,545 -3,796 -2,749 -1,747 -121 489 -18 612 -118 -81 -114 -129
2,217 2,866 2,002 221 -1,113 -799 47 -344 185 -348 -116 235
Net Cash Flow 131 -121 -688 134 -117 -19 13 74 -130 -22 46 35

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 55 73 66 50 23 29 16 6 7 16 15 45
Inventory Days 189 251 276 163 139 136 109 182 114 94 117
Days Payable 29 28 62 67 68 54 37 99 96 72 121
Cash Conversion Cycle 215 295 280 146 94 111 88 90 7 34 38 40
Working Capital Days 142 31 56 -126 -130 -998 -1,303 34 19 38 38 48
ROCE % 7% 5% 3% -1% -6% -6% -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

Announcements

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Annual reports

Credit ratings

Concalls

  • Jul 2021
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