Newmalayalam Steel Ltd
Incorporated in 2017, Newmalayalam Steel Ltd manufactures galvanised pipes, tubes, and sheets[1]
- Market Cap ₹ 36.9 Cr.
- Current Price ₹ 21.4
- High / Low ₹ 39.2 / 21.1
- Stock P/E 10.7
- Book Value ₹ 47.8
- Dividend Yield 0.00 %
- ROCE 9.64 %
- ROE 7.42 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.45 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.2% over last 3 years.
* 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 300 | 318 | 354 | 300 | 304 | 312 | |
| 290 | 310 | 347 | 292 | 297 | 305 | |
| Operating Profit | 9 | 7 | 7 | 8 | 7 | 7 |
| OPM % | 3% | 2% | 2% | 3% | 2% | 2% |
| 5 | 6 | 5 | 3 | 4 | 2 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 10 | 9 | 8 | 6 | 6 | 5 |
| Tax % | 20% | 26% | 25% | 25% | 27% | |
| 8 | 7 | 6 | 4 | 4 | 3 | |
| EPS in Rs | 603.95 | 532.02 | 474.31 | 3.38 | 2.55 | 1.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -13% |
| TTM: | -39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 11% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 17 | 17 |
| Reserves | 11 | 18 | 24 | 28 | 61 | 65 |
| 36 | 49 | 28 | 59 | 18 | 26 | |
| 5 | 11 | 23 | 17 | 12 | 15 | |
| Total Liabilities | 64 | 90 | 87 | 116 | 109 | 123 |
| 20 | 21 | 22 | 20 | 20 | 27 | |
| CWIP | 1 | 2 | 0 | 1 | 8 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 44 | 67 | 66 | 95 | 81 | 94 | |
| Total Assets | 64 | 90 | 87 | 116 | 109 | 123 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 12 | -4 | 31 | -22 | 26 | |
| -1 | -6 | -1 | -0 | -8 | |
| -11 | 10 | -24 | 28 | -11 | |
| Net Cash Flow | 0 | 0 | 7 | 6 | 7 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 16 | 21 | 11 | 26 | 31 |
| Inventory Days | 17 | 40 | 40 | 62 | 33 |
| Days Payable | 0 | 8 | 19 | 11 | 9 |
| Cash Conversion Cycle | 33 | 53 | 31 | 77 | 55 |
| Working Capital Days | 26 | 29 | 21 | 19 | 41 |
| ROCE % | 17% | 15% | 11% | 10% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Nov 2025 | |
|---|---|---|---|---|---|---|
| Installed Manufacturing Capacity MTPA |
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| Sales Volume - GP Pipes MT |
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| Capacity Utilization % |
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| Sales Realization - GP Pipes Rs/Kg |
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| Electricity met via in-house solar % |
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| Headcount Number |
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| Market Share (GP Pipes & Tubes in Kerala) % |
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| Number of Dealers Number |
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Documents
Announcements
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Action(s) taken or orders passed
9 March 2026 - Assessment order dated Mar 09, 2026 demanding Rs 44,72,810 for AY 2024-25.
-
Analysts/Institutional Investor Meet/Con. Call Updates
28 February 2026 - Officials to attend Bharat Connect Conference: Rising Stars 2026 on 6 March 2026 via video conference.
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Credit Rating
18 February 2026 - CARE reaffirms NMSTEEL ratings: LT Rs22.04Cr CARE BBB-; Stable; ST Rs25Cr CARE A3; LT/ST Rs30Cr.
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Updates
6 February 2026 - Paid NSE fine Rs11,800 for Regulation 29 delay (Nov 2025); Board noted on 9 Jan 2026.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
13 January 2026 - Corporate governance provisions not applicable; no report required for quarter ended 31.12.2025.
Annual reports
Concalls
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Nov 2025TranscriptAI SummaryPPT
Business Overview:[1]
The company is engaged in manufacturing and selling GP steel Pipes and Sheets under the brand name ‘DEMAC’. NSL has a Galvanized steel Pipes and sheet manufacturing unit with installed capacity of 90,000 MTPA which makes the company the largest manufaturer in Kerala.