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 ₹ 30.7 Cr.
- Current Price ₹ 29.4
- High / Low ₹ 48.6 / 22.2
- Stock P/E 5.98
- Book Value ₹ 49.2
- Dividend Yield 1.70 %
- ROCE 11.9 %
- ROE 6.85 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.60 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.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: | -37% |
| 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 |
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
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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.
-
Appointment
14 November 2025 - Unaudited H1 FY2025 results: revenue Rs20,796.21L, PAT Rs149.43L; appointment of Mr Pankaj Bagla as independent director.
-
Outcome of Board Meeting
14 November 2025 - Approved unaudited standalone/consolidated results for H1 ended 30 Sep 2025; appointed Pankaj Bagla as independent director.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 October 2025 - Certificate under Reg 74(5) confirming dematerialisation for quarter ended 30 Sep 2025.
-
Trading Window
26 September 2025 - Trading window closed from 1 Oct 2025 until 48 hours after Sep 30, 2025 results declaration.
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.