Kalyani Steels Ltd

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: 887.61 Cr.
  • Current Price: 203.30
  • 52 weeks High / Low 269.00 / 91.75
  • Book Value: 220.82
  • Stock P/E: 6.47
  • Dividend Yield: 2.46 %
  • ROCE: 20.10 %
  • ROE: 14.81 %
  • Sales Growth (3Yrs): 6.02 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.92 times its book value
Cons:
The company has delivered a poor growth of 4.74% 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

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
335 315 337 357 325 386 374 322 343 303 281 272
286 266 288 302 273 333 331 267 282 259 230 233
Operating Profit 50 49 49 55 51 53 43 54 62 44 50 39
OPM % 15% 16% 15% 15% 16% 14% 11% 17% 18% 15% 18% 14%
4 2 8 4 1 2 19 15 5 4 7 8
Interest 2 2 2 3 1 2 2 2 2 2 2 2
Depreciation 10 9 9 10 9 10 10 10 9 11 11 11
Profit before tax 42 40 46 46 43 43 50 56 55 35 44 33
Tax % 34% 34% 33% 36% 34% 34% 31% 28% 33% -28% 27% 31%
Net Profit 27 27 31 30 28 29 35 41 37 45 32 23
EPS in Rs 6.29 6.11 7.06 6.87 6.42 6.54 7.93 9.36 8.39 10.34 7.41 5.27
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
930 963 1,021 1,236 976 809 1,116 1,226 1,180 1,257 1,345 1,407 1,199
847 952 959 1,134 934 732 987 1,059 945 970 1,142 1,194 1,004
Operating Profit 83 11 63 102 43 77 129 167 235 288 203 212 195
OPM % 9% 1% 6% 8% 4% 9% 12% 14% 20% 23% 15% 15% 16%
60 51 45 17 27 7 12 2 3 13 17 25 23
Interest 19 28 26 21 21 22 17 15 12 10 9 7 8
Depreciation 19 32 31 29 26 24 34 31 52 52 37 38 43
Profit before tax 105 1 50 69 22 38 89 124 174 239 175 192 168
Tax % 25% -128% 14% 20% 2% 37% 35% 33% 35% 35% 34% 31%
Net Profit 79 3 43 55 22 24 59 83 114 156 115 132 137
EPS in Rs 17.44 0.76 9.68 12.19 4.88 5.20 12.89 19.05 25.97 35.79 26.27 30.20 31.41
Dividend Payout % 22% 0% 13% 16% 20% 27% 22% 0% 0% 14% 19% 17%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:3.86%
5 Years:4.74%
3 Years:6.02%
TTM:-14.76%
Compounded Profit Growth
10 Years:33.67%
5 Years:16.19%
3 Years:2.98%
TTM:10.74%
Stock Price CAGR
10 Years:8.73%
5 Years:12.56%
3 Years:-22.53%
1 Year:0.00%
Return on Equity
10 Years:15.76%
5 Years:18.53%
3 Years:17.76%
Last Year:14.81%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
44 44 22 22 22 22 22 22 22 22 22 22 22
Reserves 469 472 255 300 317 333 376 454 568 680 763 869 942
Borrowings 225 248 208 257 227 170 206 219 327 239 169 18 0
387 303 336 218 232 311 430 390 338 421 325 469 400
Total Liabilities 1,125 1,067 821 797 798 836 1,035 1,084 1,255 1,361 1,278 1,377 1,364
260 255 235 214 191 337 339 442 488 436 437 422 418
CWIP 26 15 2 12 60 14 10 13 0 5 5 5 5
Investments 229 337 89 83 69 49 31 77 249 234 280 366 177
611 460 494 487 479 436 654 552 517 686 557 584 763
Total Assets 1,125 1,067 821 797 798 836 1,035 1,084 1,255 1,361 1,278 1,377 1,364

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-71 98 98 37 100 132 39 114 161 152 191 286
-36 -67 -25 -27 -39 -87 -43 -107 -255 -38 -77 -100
105 -28 -65 -6 -60 -55 12 -19 97 -98 -105 -181
Net Cash Flow -1 3 8 3 1 -10 8 -12 2 16 10 5

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 18% 3% 10% 17% 7% 11% 19% 21% 23% 27% 19% 20%
Debtor Days 83 51 81 74 74 81 108 98 107 135 102 92
Inventory Turnover 5.01 4.73 5.09 6.75 5.36 4.19 4.29 4.13 3.93 5.57 6.83 6.53

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
60.60 60.60 60.60 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71 64.71
2.88 3.63 2.88 2.52 2.10 1.94 1.88 1.83 1.82 1.65 1.78 2.18
2.78 2.08 2.19 2.41 2.47 2.41 2.40 2.60 3.11 3.56 3.62 3.57
33.73 33.69 34.32 30.36 30.72 30.94 31.01 30.86 30.35 30.08 29.89 29.54