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 ₹ 26.1 Cr.
- Current Price ₹ 25.0
- High / Low ₹ 37.0 / 21.8
- Stock P/E 5.08
- Book Value ₹ 49.2
- Dividend Yield 2.00 %
- ROCE 11.9 %
- ROE 6.85 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.51 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.
- Contingent liabilities of Rs.8.07 Cr.
- Earnings include an other income of Rs.7.43 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 205 | 72 | 123 | 207 | 446 | 359 | 369 | |
| 203 | 89 | 125 | 210 | 443 | 349 | 361 | |
| Operating Profit | 2 | -17 | -2 | -3 | 2 | 10 | 9 |
| OPM % | 1% | -24% | -2% | -1% | 0% | 3% | 2% |
| 2 | 19 | 4 | 7 | 9 | 7 | 7 | |
| Interest | 2 | 1 | 1 | 2 | 5 | 9 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 1 | 1 | 2 | 5 | 7 | 6 |
| Tax % | 30% | 27% | 30% | 23% | 27% | 22% | |
| 2 | 0 | 1 | 2 | 4 | 6 | 5 | |
| EPS in Rs | 19.73 | 6.14 | 1.61 | 4.07 | 4.68 | 5.30 | 4.91 |
| 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: | -12% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.77 | 0.77 | 5 | 4 | 8 | 10 | 10 |
| Reserves | 17 | 17 | 14 | 21 | 20 | 40 | 41 |
| 25 | 21 | 22 | 32 | 50 | 84 | 70 | |
| 20 | 2 | 6 | 5 | 10 | 12 | 10 | |
| Total Liabilities | 63 | 41 | 47 | 62 | 89 | 147 | 131 |
| 3 | 2 | 2 | 7 | 9 | 8 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 1 | 1 | 1 | 0 | 0 | 0 |
| 56 | 37 | 44 | 54 | 79 | 138 | 123 | |
| Total Assets | 63 | 41 | 47 | 62 | 89 | 147 | 131 |
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 | ||
| Free Cash Flow | 1 | -0 | 8 | -0 | ||
| CFO/OP | -74% | -176% | 503% | -20% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Domestic Sales (Standalone) INR Lacs |
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| Export Sales (Standalone) INR Lacs |
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| Foreign Exchange Earnings INR Crores |
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| Number of Employees Numbers |
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| Number of Office Units Numbers |
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| Sale of Traded Goods - High Carbon Ferro Chrome INR Lacs |
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| Sale of Traded Goods - High Carbon Ferro Manganese INR Lacs |
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| Sale of Traded Goods - Manganese Ore INR Lacs |
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| Sale of Traded Goods - Silico Manganese INR Lacs |
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Documents
Announcements
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Updates
27 March 2026 - SEBI warning dated 17-Mar-2026: Rs6.57 lakh IPO proceeds variance; 18-day delayed FY2024-25 results filing.
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Trading Window
24 March 2026 - Trading window closed from 1 Apr 2026 until 48 hours after audited results for year/half ended 31 Mar 2026.
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Updates
28 January 2026 - Corporate governance provisions not applicable for quarter ended Dec 31, 2025 (SME-listed).
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 January 2026 - Cameo certifies dematerialisation confirmation for QVC Exports for quarter ended 31 Dec 2025, dated 02 Jan 2026.
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Utilisation of Funds
14 November 2025 - Auditor certifies QVC Exports' IPO proceeds utilization as of 30-Sep-2025; INR123.82L reallocated to working capital.
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.