S.A.L Steel Ltd

S.A.L Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

S.A.L Steel Ltd

₹ 19.0 0.00%
19 Apr - close price
salsteel.co.in BSE: 532604 NSE - BE : SALSTEEL
About

Incorporated in 2003, SAL Steel Ltd does manufacturing of Sponge Iron, Ferro Alloys and Power[1]

Key Points

Product Profile:[1]
SSL is a Steel, Ferro Alloys and Power Company having operations near Kandla Port in Gujarat. It deals in:
a) Direct Reduced Iron (DRI/Sponge Iron)
b) Ferro Alloys
c) Iron Ore pellets
d) Various finished steel products

Website BSE NSE - BE
  • Market Cap ₹ 161 Cr.
  • Current Price ₹ 19.0
  • High / Low ₹ 30.6 / 13.8
  • Stock P/E
  • Book Value ₹ 4.93
  • Dividend Yield 0.00 %
  • ROCE 8.12 %
  • ROE 8.95 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%
  • Debtor days have improved from 65.1 to 51.5 days.

Cons

  • Stock is trading at 3.86 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.13% over past five years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 45.4% of their holding.

* 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 - Sponge Iron

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
77.49 132.66 117.40 94.87 135.78 186.48 118.70 137.36 142.14 112.31 153.64 157.00 129.53
72.80 112.37 109.95 89.00 133.28 176.70 116.05 130.23 134.83 106.52 148.00 151.23 127.26
Operating Profit 4.69 20.29 7.45 5.87 2.50 9.78 2.65 7.13 7.31 5.79 5.64 5.77 2.27
OPM % 6.05% 15.29% 6.35% 6.19% 1.84% 5.24% 2.23% 5.19% 5.14% 5.16% 3.67% 3.68% 1.75%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.10 0.00 0.00 0.10 0.09 0.10 0.57 3.85 3.30 3.14 3.20 3.22
Depreciation 2.70 2.53 2.29 2.29 2.29 2.29 2.38 2.39 2.38 2.39 2.38 2.40 2.38
Profit before tax 1.99 17.66 5.16 3.58 0.11 7.40 0.17 4.17 1.08 0.10 0.12 0.17 -3.33
Tax % 88.94% 11.89% 25.00% 25.70% 36.36% 33.11% 17.65% 35.25% 24.07% 220.00% 16.67% 17.65% 25.53%
0.22 15.56 3.87 2.66 0.07 4.95 0.14 2.70 0.82 -0.12 0.10 0.14 -2.48
EPS in Rs 0.03 1.83 0.46 0.31 0.01 0.58 0.02 0.32 0.10 -0.01 0.01 0.02 -0.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
326 377 326 363 327 361 446 571 408 301 505 496 552
290 370 326 337 304 351 440 562 426 301 509 487 533
Operating Profit 36 7 -0 26 23 10 6 9 -18 -0 -4 8 19
OPM % 11% 2% -0% 7% 7% 3% 1% 2% -4% -0% -1% 2% 4%
6 1 2 -47 -31 2 66 -19 44 22 29 14 0
Interest 23 32 30 30 12 1 1 2 2 0 0 8 13
Depreciation 18 19 17 9 8 8 8 8 8 9 9 10 10
Profit before tax 1 -43 -47 -59 -29 4 64 -19 17 12 16 6 -3
Tax % 48% 33% 24% -28% 0% 75% 34% -16% 7% 7% 29% 36%
0 -29 -35 -76 -29 1 42 -22 16 12 12 4 -2
EPS in Rs 0.05 -3.36 -4.17 -8.93 -3.39 0.10 4.99 -2.54 1.87 1.36 1.36 0.42 -0.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 2%
3 Years: 7%
TTM: -6%
Compounded Profit Growth
10 Years: 8%
5 Years: 97%
3 Years: -39%
TTM: -127%
Stock Price CAGR
10 Years: 23%
5 Years: 31%
3 Years: 60%
1 Year: 6%
Return on Equity
10 Years: %
5 Years: 35%
3 Years: 29%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 85 85 85 85 85 85 85 85 85 85 85 85 85
Reserves 41 13 -15 -91 -120 -124 -65 -86 -70 -59 -47 -43 -43
235 207 176 121 86 172 175 170 161 146 124 125 125
121 134 167 172 199 162 87 114 139 123 129 110 137
Total Liabilities 482 439 413 287 250 296 282 283 314 295 291 277 304
153 174 156 147 140 133 128 126 118 155 146 136 134
CWIP 134 104 104 56 25 25 25 11 46 1 1 3 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
194 161 153 83 86 138 130 147 150 139 144 137 169
Total Assets 482 439 413 287 250 296 282 283 314 295 291 277 304

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
17 24 -17 22 2 -6 7 -4 54 24 22 8
-11 -9 1 0 -1 -1 -3 8 -35 -1 0 -2
-6 -16 11 -22 -1 7 -3 -6 -18 -22 -22 -7
Net Cash Flow 0 -2 -4 0 -0 0 1 -2 0 1 0 -1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 55 38 54 13 45 51 28 58 107 104 40 51
Inventory Days 119 70 57 43 48 92 85 28 22 56 47 57
Days Payable 114 69 35 34 38 44 30 43 75 111 46 28
Cash Conversion Cycle 60 40 76 22 55 99 83 43 54 50 41 81
Working Capital Days 4 -47 -116 -139 -149 -43 35 25 10 35 19 32
ROCE % 6% -3% -6% 10% 18% 5% 1% 2% 11% 7% 10% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56%
49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.43% 49.44%
No. of Shareholders 26,55830,82335,81242,95844,84643,80241,64641,90542,11143,28455,58969,413

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