Panchmahal Steel Ltd

₹ 141 -0.53%
12 Aug - close price
About

Panchmahal Steel Ltd is engaged in manufacturing of Stainless Steel Long Products such as Bars, Rods and Wires. [1]

Key Points

Products
The products manufactured by the Co include stainless steel long products such as bars, rods, coils and wires. These products are mainly used in the capital goods, automobile, railways and pharmaceutical machinery industries. [1]

  • Market Cap 269 Cr.
  • Current Price 141
  • High / Low 175 / 80.0
  • Stock P/E 4.33
  • Book Value 83.8
  • Dividend Yield 2.84 %
  • ROCE 42.1 %
  • ROE 44.8 %
  • Face Value 10.0
Laxmibai Ganesh Thuse
Laxmibai Ganesh Thuse
She was chosen by Mahatma Gandhi to offer Satyagraha.She pursued people towards non-violence and made anti-war speeches.
Unsung Heroes →
Swami Brahmanand
Swami Brahmanand
He was jailed multiple times for participating in the Salt Satyagrah, Non-Cooperation Movement, and Quit India Movement. He was a social reformer and established teaching institutes such as Brahmanand Inter College (1938), Brahmanand Sanskrit Mahavidyalaya (1943) and Brahamanand Mahavidyalaya (1960).
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 189% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Company has a low return on equity of 10.4% for 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
107.15 82.91 68.52 71.08 44.67 91.85 91.73 110.73 90.96 161.49 176.37 144.78 134.86
103.13 80.06 72.18 71.22 45.27 87.87 84.75 97.99 81.38 140.07 154.37 121.74 118.55
Operating Profit 4.02 2.85 -3.66 -0.14 -0.60 3.98 6.98 12.74 9.58 21.42 22.00 23.04 16.31
OPM % 3.75% 3.44% -5.34% -0.20% -1.34% 4.33% 7.61% 11.51% 10.53% 13.26% 12.47% 15.91% 12.09%
0.50 1.02 0.90 0.43 0.26 0.56 1.75 1.77 0.48 1.36 2.42 -0.25 0.29
Interest 3.45 3.83 3.35 2.86 2.91 3.05 2.58 1.63 1.85 1.74 1.34 0.97 1.12
Depreciation 1.87 1.92 1.92 1.91 1.87 1.86 1.86 1.86 1.87 1.89 1.89 1.94 1.96
Profit before tax -0.80 -1.88 -8.03 -4.48 -5.12 -0.37 4.29 11.02 6.34 19.15 21.19 19.88 13.52
Tax % 33.75% 47.87% 33.75% -466.29% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 13.69% 25.50% 27.14%
Net Profit -0.54 -0.98 -5.32 -25.37 -5.12 -0.37 4.28 11.02 6.35 19.15 18.29 14.80 9.86
EPS in Rs -0.28 -0.51 -2.79 -13.30 -2.68 -0.19 2.24 5.78 3.33 10.04 9.59 7.76 5.17

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
404 463 340 327 390 290 329 396 453 330 339 574 618
365 434 320 316 380 292 311 379 430 327 316 498 535
Operating Profit 39 29 20 11 11 -2 18 16 23 4 23 76 83
OPM % 10% 6% 6% 3% 3% -1% 5% 4% 5% 1% 7% 13% 13%
1 1 2 3 3 3 4 5 2 2 4 4 4
Interest 9 10 9 9 11 11 14 13 14 14 10 6 5
Depreciation 14 12 8 7 9 8 8 8 8 8 7 8 8
Profit before tax 17 8 5 -3 -6 -19 0 0 4 -15 10 67 74
Tax % 33% 31% 29% 38% 37% 33% -16% -41% 33% -112% 0% 12%
Net Profit 12 6 4 -2 -4 -13 0 1 3 -32 10 59 62
EPS in Rs 6.13 3.04 1.98 -0.95 -1.85 -6.60 0.15 0.29 1.34 -16.88 5.14 30.71 32.56
Dividend Payout % 41% 82% 63% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 12%
3 Years: 8%
TTM: 60%
Compounded Profit Growth
10 Years: 26%
5 Years: 189%
3 Years: 184%
TTM: 192%
Stock Price CAGR
10 Years: 3%
5 Years: 22%
3 Years: 78%
1 Year: 39%
Return on Equity
10 Years: 2%
5 Years: 7%
3 Years: 10%
Last Year: 45%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
19 19 19 19 19 19 19 19 19 19 19 19
Reserves 118 118 119 119 115 102 102 102 104 73 83 141
48 45 48 51 56 62 70 70 69 72 55 28
145 135 119 131 111 86 120 110 89 89 121 110
Total Liabilities 330 317 305 320 301 269 311 301 282 253 277 299
122 115 116 119 116 108 101 96 90 82 75 73
CWIP 2 4 6 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
205 199 183 200 185 160 209 205 192 170 202 226
Total Assets 330 317 305 320 301 269 311 301 282 253 277 299

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
29 24 22 9 11 3 6 14 14 7 29 38
-4 -6 -11 -2 -4 1 1 -1 0 3 -0 -3
-24 -19 -11 -7 -6 -6 -6 -14 -14 -10 -28 -32
Net Cash Flow 1 -1 0 0 2 -1 1 -0 0 0 1 2

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 28 20 29 40 28 31 48 34 22 28 36 26
Inventory Days 188 169 204 221 155 188 219 173 155 205 237 159
Days Payable 99 58 154 85 40 47 177 34 33 128 182 89
Cash Conversion Cycle 117 131 80 176 143 171 89 173 144 105 91 97
Working Capital Days 40 39 55 59 50 63 70 65 61 81 75 69
ROCE % 14% 10% 7% 3% 2% -4% 7% 7% 9% -2% 11% 42%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
72.62 72.62 72.62 72.62 72.62 72.62 72.62 73.72 74.58 74.58 74.90 74.90
5.67 5.67 5.67 5.67 5.67 5.67 5.67 5.41 5.26 4.54 3.93 3.93
21.71 21.71 21.71 21.71 21.71 21.71 21.71 20.88 20.16 20.88 21.17 21.17

Documents

Bhikubhai Gomansinh Solanki
Bhikubhai Gomansinh Solanki
He helped in liberation of Dadra and Nagar Haveli. He strategically coordinated with freedom fighters and captured Naroli during the time of floods. People of Naroli called him Kazi because he solved the problems of people.
Unsung Heroes →
Surain Singh Badagilwandi
Surain Singh Badagilwandi
He was a Gadar Party Hero. He was involved in Lahore Conspiracy Case. He was hanged on 17th November 1915.
Unsung Heroes →