Kalyani Steels Ltd

About [ edit ]

Kalyani Steels is primarily engaged in the business of manufacture and sale of Iron and Steel Products.(Source : 201903 Annual Report Page No: 54)

  • Market Cap 1,526 Cr.
  • Current Price 350
  • High / Low 398 / 136
  • Stock P/E 11.1
  • Book Value 233
  • Dividend Yield 1.43 %
  • ROCE 18.6 %
  • ROE 14.6 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.18%

Cons

  • The company has delivered a poor sales growth of -0.45% over past five years.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
357 325 386 374 322 343 303 281 272 121 322 368
302 273 333 331 267 282 259 230 233 107 261 284
Operating Profit 55 51 53 43 54 62 44 50 39 14 61 84
OPM % 15% 16% 14% 11% 17% 18% 15% 18% 14% 12% 19% 23%
Other Income 4 1 2 19 15 5 4 7 8 10 11 9
Interest 3 1 2 2 2 2 2 2 2 1 1 1
Depreciation 10 9 10 10 10 9 11 11 11 11 11 11
Profit before tax 46 43 43 50 56 55 35 44 33 12 60 81
Tax % 36% 34% 34% 31% 28% 33% -28% 27% 31% 25% 25% 25%
Net Profit 30 28 29 35 41 37 45 32 23 9 45 60
EPS in Rs 6.87 6.42 6.54 7.93 9.36 8.39 10.35 7.42 5.27 2.01 10.35 13.86

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
963 1,021 1,236 976 809 1,116 1,226 1,180 1,257 1,345 1,407 1,199 1,083
952 959 1,134 934 732 987 1,059 945 970 1,142 1,194 1,004 884
Operating Profit 11 63 102 43 77 129 167 235 288 203 212 195 199
OPM % 1% 6% 8% 4% 9% 12% 14% 20% 23% 15% 15% 16% 18%
Other Income 51 45 17 27 7 12 2 3 13 17 25 23 38
Interest 28 26 21 21 22 17 15 12 10 9 7 8 6
Depreciation 32 31 29 26 24 34 31 52 52 37 38 43 45
Profit before tax 1 50 69 22 38 89 124 174 239 175 192 168 186
Tax % -128% 14% 20% 2% 37% 35% 33% 35% 35% 34% 31% 18%
Net Profit 3 43 55 22 24 59 83 114 156 115 132 137 137
EPS in Rs 0.76 9.90 12.53 5.05 5.47 13.42 19.08 26.02 35.85 26.32 30.25 31.41 31.49
Dividend Payout % 0% 13% 16% 20% 27% 22% 0% 0% 14% 19% 17% 16%
Compounded Sales Growth
10 Years:2%
5 Years:-0%
3 Years:-2%
TTM:-13%
Compounded Profit Growth
10 Years:16%
5 Years:10%
3 Years:-5%
TTM:-9%
Stock Price CAGR
10 Years:17%
5 Years:17%
3 Years:5%
1 Year:147%
Return on Equity
10 Years:16%
5 Years:17%
3 Years:15%
Last Year:15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
44 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 472 255 300 317 333 376 454 568 680 763 869 942 996
Borrowings 248 208 257 227 170 206 219 327 239 169 18 0 50
303 336 218 232 311 430 390 338 421 325 422 400 383
Total Liabilities 1,067 821 797 798 836 1,035 1,084 1,255 1,361 1,278 1,330 1,364 1,451
255 235 214 191 337 339 442 488 436 437 422 418 398
CWIP 15 2 12 60 14 10 13 0 5 5 5 5 6
Investments 337 89 83 69 49 31 77 249 234 280 366 177 145
460 494 487 479 436 654 552 517 686 557 537 763 902
Total Assets 1,067 821 797 798 836 1,035 1,084 1,255 1,361 1,278 1,330 1,364 1,451

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
98 98 37 100 132 39 114 161 152 191 286 240
-67 -25 -27 -39 -87 -43 -107 -255 -38 -77 -117 -168
-28 -65 -6 -60 -55 12 -19 97 -98 -105 -181 -78
Net Cash Flow 3 8 3 1 -10 8 -12 2 16 10 -12 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 3% 10% 17% 7% 11% 19% 21% 23% 27% 19% 20% 19%
Debtor Days 51 81 74 74 81 108 98 107 135 102 80 72
Inventory Turnover 4.73 5.09 6.75 5.36 4.19 4.29 4.13 3.93 5.57 6.83 6.53 4.99

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71
2.10 1.94 1.88 1.83 1.82 1.65 1.78 2.18 2.00 1.84 1.94 2.39
2.47 2.41 2.40 2.60 3.11 3.56 3.62 3.57 3.91 5.66 6.50 7.23
30.72 30.94 31.01 30.86 30.35 30.08 29.89 29.54 29.37 27.79 26.84 25.67

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