QVC Exports Ltd
Incorporated in 2005, QVC Exports Ltd is in the business of dealing in ferroalloys, and raw materials for the manufacturing of steel[1]
- Market Cap ₹ 34.5 Cr.
- Current Price ₹ 33.0
- High / Low ₹ 64.9 / 22.2
- Stock P/E 12.7
- Book Value ₹ 48.3
- Dividend Yield 1.52 %
- ROCE 11.9 %
- ROE 6.85 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.68 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.44% over last 3 years.
- Earnings include an other income of Rs.6.84 Cr.
- Debtor days have increased from 41.8 to 64.9 days.
* 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
Commodities Metals & Mining Ferrous Metals Ferro & Silica Manganese
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
205 | 72 | 123 | 207 | 446 | 359 | |
203 | 89 | 125 | 210 | 443 | 349 | |
Operating Profit | 2 | -17 | -2 | -3 | 2 | 10 |
OPM % | 1% | -24% | -2% | -1% | 0% | 3% |
2 | 19 | 4 | 7 | 9 | 7 | |
Interest | 2 | 1 | 1 | 2 | 5 | 9 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 2 | 1 | 1 | 2 | 5 | 7 |
Tax % | 30% | 27% | 30% | 23% | 27% | 22% |
2 | 0 | 1 | 2 | 4 | 6 | |
EPS in Rs | 19.73 | 6.14 | 1.61 | 4.07 | 4.68 | 5.30 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 43% |
TTM: | -19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 54% |
TTM: | -31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -48% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 0.77 | 0.77 | 5 | 4 | 8 | 10 |
Reserves | 17 | 17 | 14 | 21 | 20 | 40 |
25 | 21 | 22 | 32 | 50 | 84 | |
20 | 2 | 6 | 5 | 10 | 12 | |
Total Liabilities | 63 | 41 | 47 | 62 | 89 | 147 |
3 | 2 | 2 | 7 | 9 | 8 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 4 | 1 | 1 | 1 | 0 | 0 |
56 | 37 | 44 | 54 | 79 | 138 | |
Total Assets | 63 | 41 | 47 | 62 | 89 | 147 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
1 | 5 | 10 | -4 | |||
0 | -4 | -4 | 0 | |||
-2 | 1 | -8 | 5 | |||
Net Cash Flow | -0 | 2 | -1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 31 | 56 | 50 | 31 | 29 | 65 |
Inventory Days | 5 | 14 | 15 | 0 | 0 | 12 |
Days Payable | 2 | 3 | 17 | 6 | ||
Cash Conversion Cycle | 33 | 66 | 48 | 31 | 29 | 70 |
Working Capital Days | 35 | 16 | 3 | 12 | -2 | 13 |
ROCE % | 5% | 5% | 9% | 15% | 12% |
Documents
Announcements
-
Disclosure of material issue
17 September 2025 - Divest 64% (640,000 shares) of Trafasa to promoter for Rs6,400,000; completion Sep 25, 2025.
-
Shareholders meeting
17 September 2025 - AGM on 15 Sep 2025: final dividend Rs0.5/share (5%), six resolutions including director appointments passed.
-
Shareholders meeting
15 September 2025 - AGM 15 Sep 2025: adopted FY2025 accounts, declared final dividend, appointed Priti Sharma WTD, IPO proceeds resolution.
-
Cessation
12 September 2025 - Pramod Kumar Choudhari (DIN 01798251) resigned as Independent Director effective 10 September 2025 due to pre-occupation.
-
Copy of Newspaper Publication
6 September 2025 - Revised record date to 9 Sep 2025; AGM on 15 Sep 2025; final dividend 5% (Rs0.5/share); book closure 10–18 Sep.
Business Overview:[1][2]
a) QVCEL is an ISO 9001-certified company that trades in a variety of metals and minerals such as iron, steel, ferroalloys, copper, nickel, aluminum, manganese ore, coal, and coke.
b) It is a producer of Bulk Ferro Alloys like High, Medium, and Low Carbon Silicon Manganese and High, Medium, and Low Carbon Ferro Manganese.
c) Company is also engaged in the dealing in raw materials for the manufacturing of steel.