Nova Iron & Steel Ltd

Nova Iron &Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nova Iron & Steel Ltd

₹ 27.6 -1.96%
24 Apr 1:40 p.m.
novaironsteel.com BSE: 513566
About

Incorporated in 1989, Nova Iron & steels Ltd is in the business of manufacturing / trading of Iron & Steel, Metals, Securities & Natural Resources[1]

Key Points

Product Profile:[1]
Company manufactures Sponge Iron at its plant in Dagori, Chhattisgarh with installed capacity of 1.50 MTPA used for manufacturing primary steel products

Website BSE
  • Market Cap ₹ 99.6 Cr.
  • Current Price ₹ 27.6
  • High / Low ₹ 39.7 / 8.18
  • Stock P/E 8.39
  • Book Value ₹ -18.2
  • Dividend Yield 0.00 %
  • ROCE 7.21 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 15.3% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.39.8 Cr.
  • Promoter holding has decreased over last 3 years: -25.6%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
120.78 142.70 126.34 155.12 324.04 175.41 186.35 159.39 166.20 186.14 182.41 121.84 113.11
123.18 129.55 105.73 171.02 313.09 154.77 179.72 155.43 177.06 160.29 177.36 122.96 107.25
Operating Profit -2.40 13.15 20.61 -15.90 10.95 20.64 6.63 3.96 -10.86 25.85 5.05 -1.12 5.86
OPM % -1.99% 9.22% 16.31% -10.25% 3.38% 11.77% 3.56% 2.48% -6.53% 13.89% 2.77% -0.92% 5.18%
14.44 -14.07 0.79 0.77 0.71 6.62 0.53 0.41 1.04 3.02 2.01 0.96 4.17
Interest 0.13 0.13 0.13 0.13 0.26 24.48 1.61 1.62 1.46 12.57 2.71 3.47 3.39
Depreciation 2.45 2.59 2.48 2.50 4.93 2.45 2.46 2.49 2.48 2.48 2.53 2.58 2.63
Profit before tax 9.46 -3.64 18.79 -17.76 6.47 0.33 3.09 0.26 -13.76 13.82 1.82 -6.21 4.01
Tax % 58.99% -316.21% 5.64% -6.02% -32.92% -63.64% 32.69% 388.46% -7.34% 15.70% 0.00% 9.66% 0.00%
3.88 -15.16 17.74 -18.83 8.60 0.54 2.08 -0.74 -14.78 11.65 1.82 -5.61 4.01
EPS in Rs 1.07 -4.19 4.91 -5.21 2.38 0.15 0.58 -0.20 -4.09 3.22 0.50 -1.55 1.11
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
72 105 53 9 16 53 20 4 52 345 605 698 604
88 132 35 10 15 43 11 7 89 337 590 672 568
Operating Profit -16 -27 19 -0 1 10 8 -3 -37 8 16 26 36
OPM % -22% -25% 35% -5% 7% 19% 43% -86% -71% 2% 3% 4% 6%
5 32 0 6 2 0 2 5 3 7 8 5 10
Interest 3 7 9 6 6 7 7 0 0 1 25 17 22
Depreciation 2 3 3 2 1 1 1 1 7 9 10 10 10
Profit before tax -16 -4 7 -2 -4 3 2 1 -41 5 -11 3 13
Tax % -0% -6% 1% 5% -6% 4% -0% 7% -24% 330% -38% 152%
-16 -5 7 -2 -4 3 2 1 -52 -12 -15 -2 12
EPS in Rs -1.05 -1.32 1.93 -0.55 -1.23 0.71 0.63 0.17 -14.26 -3.30 -4.09 -0.50 3.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 21%
5 Years: 104%
3 Years: 137%
TTM: -12%
Compounded Profit Growth
10 Years: 7%
5 Years: %
3 Years: 25%
TTM: 192%
Stock Price CAGR
10 Years: 5%
5 Years: 39%
3 Years: 41%
1 Year: 217%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 Sep 2023
Equity Capital 152 36 36 36 36 36 36 36 36 36 36 36 36
Reserves -124 -13 -6 -8 -12 -10 -7 -6 -58 -69 -87 -89 -102
73 77 78 172 193 198 239 338 329 311 333 332 362
10 17 66 72 98 96 91 99 112 210 254 220 151
Total Liabilities 112 118 175 272 315 320 359 467 419 488 536 499 447
44 56 63 62 64 63 62 61 380 372 361 361 358
CWIP 1 25 89 180 206 237 262 315 0 0 0 0 0
Investments 0 0 0 0 0 0 1 1 1 3 3 3 3
67 37 23 31 44 20 34 89 38 113 172 135 86
Total Assets 112 118 175 272 315 320 359 467 419 488 536 499 447

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
-53 35 86 1 13 33 -3 -48 9 18 3 18
-31 -38 -78 -88 -28 -31 -32 -50 -4 -0 1 -1
69 -3 -8 88 15 -2 35 99 -6 -17 -4 -17
Net Cash Flow -14 -6 -1 -0 0 0 -0 0 -0 1 0 -0

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 0 5 0 0 0 2 157 286 19 4 0 0
Inventory Days 153 95 103 1,280 878 59 579 45 86 85 50
Days Payable 17 32 190 1,815 417 53 642 552 161 88 55
Cash Conversion Cycle 136 69 -87 -534 461 7 94 286 -487 -72 -2 -4
Working Capital Days 222 50 -364 -1,608 -1,214 -500 -1,155 -1,653 -424 -70 -38 -32
ROCE % -13% 15% -1% -0% 4% 4% -1% -12% 2% 5% 7%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.81% 69.81% 69.81% 69.81% 69.81% 69.81% 69.81% 69.81% 69.81% 69.81% 44.16% 44.16%
1.32% 1.32% 1.32% 1.32% 1.32% 1.32% 1.32% 1.32% 1.32% 1.32% 1.32% 1.32%
28.87% 28.87% 28.87% 28.87% 28.87% 28.87% 28.87% 28.87% 28.88% 28.87% 54.52% 54.52%
No. of Shareholders 1,56,4021,56,0601,55,9881,55,8921,55,8421,55,8341,55,8331,55,8251,55,3691,55,1221,54,8211,55,769

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports