Rohit Ferro Tech Ltd

Rohit Ferro Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rohit Ferro Tech Ltd

₹ 28.6 -4.99%
07 Apr 2022
rohitferrotech.com BSE: 532731 NSE: ROHITFERRO
About

Incorporated in 2003, Rohit Ferro-Tech Limited was engaged in manufacturing of ferro alloys and iron & steel products.[1]

Rohit Ferro-Tech was under severe financial stress, and was acquired by Tata Steel Mining Limited, a Subsidiary of Tata Steel in April 2022. Trading in the company's shares were also suspended in April 2022.[2]

Key Points

Business Segments
Ferro Alloys and Minerals (48% in FY21 vs 40% in FY20): Used for manufacturing different grades of stainless steel. The Co produced 41505 MT of Ferro Alloys in FY21.
Iron and Steel (52% in FY21 vs 60% in FY20): The Co produced 44429 MT of Stainless Steel in FY21.[1][2]

Manufacturing Facilities
The Co’s manufacturing units are located in Bishnupur and Haldia in West Bengal and Jajpur in Odisha.
The total installed capacity for ferro alloys stands at 2.7 lakh TPA across all three manufacturing units.
The capacity for stainless steel stands at 1 lakh TPA at the Bishnupur manufacturing unit.
The Haldia plant of the Co is non-operational since 2015.[3][4]

Website BSE NSE
  • Market Cap ₹ 325 Cr.
  • Current Price ₹ 28.6
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -184
  • Dividend Yield 0.00 %
  • ROCE -11.1 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.7% over past five 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: Mining & Mineral products Industry: Mining / Minerals / Metals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
233 223 217 185 188 149 49 162 188 236 170 195 190
256 264 241 184 202 203 61 179 204 237 193 201 197
Operating Profit -23 -41 -24 2 -14 -54 -13 -17 -16 -1 -23 -6 -7
OPM % -10% -18% -11% 1% -8% -36% -26% -10% -8% -1% -14% -3% -4%
0 2 0 0 0 -532 0 0 0 1 0 0 -8
Interest 11 9 4 4 4 19 0 0 1 1 1 1 1
Depreciation 8 8 8 8 8 8 6 6 6 6 6 6 6
Profit before tax -42 -57 -36 -10 -27 -614 -18 -22 -22 -7 -30 -13 -21
Tax % 0% 0% 0% 0% -33% 0% 0% 0% 0% 0% 0% 0% 0%
-42 -57 -36 -10 -18 -616 -18 -22 -22 -7 -30 -13 -21
EPS in Rs -3.57 -4.87 -3.20 -0.88 -1.59 -54.18 -1.58 -1.97 -1.94 -0.61 -2.61 -1.13 -1.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
806 1,166 1,706 2,271 2,593 1,951 1,486 660 713 893 738 634 790
713 1,033 1,523 2,037 2,669 2,095 1,721 985 1,052 1,009 828 681 828
Operating Profit 93 133 182 234 -76 -144 -235 -325 -339 -117 -90 -47 -38
OPM % 12% 11% 11% 10% -3% -7% -16% -49% -47% -13% -12% -7% -5%
18 13 7 -15 10 11 9 4 -32 3 -531 2 -6
Interest 50 67 109 147 169 200 234 -16 53 50 32 2 4
Depreciation 11 13 22 30 30 26 31 35 34 34 33 23 23
Profit before tax 50 66 60 43 -265 -358 -491 -340 -458 -197 -686 -69 -71
Tax % 35% 33% 33% 32% -14% 0% 0% 0% 0% 0% -1% 0%
32 44 40 29 -228 -358 -491 -340 -458 -197 -679 -69 -71
EPS in Rs 5.87 7.97 4.93 2.58 -20.06 -31.64 -42.88 -29.90 -40.21 -16.90 -59.72 -6.10 -6.23
Dividend Payout % 6% 6% 10% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -16%
3 Years: -4%
TTM: 44%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 22%
TTM: 58%
Stock Price CAGR
10 Years: 15%
5 Years: 112%
3 Years: 9%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 39 55 80 114 114 114 114 114 114 114 114 114 114
Reserves 263 333 498 698 475 114 -366 -702 -1,162 -1,383 -2,092 -2,159 -2,202
441 690 1,129 1,370 1,955 2,295 2,687 2,589 2,630 2,647 2,612 2,631 1,248
216 333 407 680 482 591 605 622 439 453 558 550 1,967
Total Liabilities 959 1,411 2,114 2,862 3,026 3,113 3,039 2,623 2,021 1,831 1,192 1,136 1,126
227 323 587 597 576 547 778 731 662 628 453 430 418
CWIP 130 247 80 422 590 701 485 488 487 488 448 448 448
Investments 50 54 61 33 36 39 42 42 0 0 0 0 0
552 786 1,385 1,810 1,824 1,827 1,734 1,362 872 716 291 258 259
Total Assets 959 1,411 2,114 2,862 3,026 3,113 3,039 2,623 2,021 1,831 1,192 1,136 1,126

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
54 -46 -171 18 -275 -141 18 388 173 0 -4 -22
-150 -231 -230 -336 -108 -22 -40 13 86 2 45 1
95 280 414 297 391 152 24 -400 -257 -11 -41 20
Net Cash Flow -1 3 14 -21 8 -11 1 1 2 -9 0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 26 19 42 64 68 114 184 344 263 171 21 5
Inventory Days 234 262 250 254 151 215 172 201 72 59 39 49
Days Payable 120 99 90 111 67 109 97 203 120 125 207 232
Cash Conversion Cycle 140 183 202 207 152 219 259 341 214 105 -147 -178
Working Capital Days 142 117 157 154 165 201 208 169 -59 -170 -834 -985
ROCE % 15% 15% 12% 11% -4% -6% -10% -16% -21% -10% -12% -11%

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 27.99%
No. of Shareholders 17,40417,41617,05617,05717,01916,89116,67816,60816,39316,16819,59323,183

* 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.

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