Steel City Securities Ltd
Incorporated in 1995, Steel City Securities Ltd provides stock broking and e-governance services[1]
- Market Cap ₹ 156 Cr.
- Current Price ₹ 103
- High / Low ₹ 103 / 59.8
- Stock P/E 16.8
- Book Value ₹ 65.2
- Dividend Yield 2.91 %
- ROCE 15.8 %
- ROE 11.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 42.7%
- Promoter holding has increased by 1.12% over last quarter.
Cons
- The company has delivered a poor sales growth of -1.97% over past five years.
- Company has a low return on equity of 12.7% over last 3 years.
- Contingent liabilities of Rs.59.7 Cr.
- Company has high debtors of 276 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
Sector: Stock/ Commodity Brokers Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
22.79 | 23.25 | 21.67 | 31.64 | 26.58 | 35.43 | 63.62 | 61.48 | 47.45 | 54.91 | 66.25 | 57.60 | 55.58 | |
17.42 | 16.80 | 15.30 | 19.39 | 19.02 | 27.01 | 44.92 | 45.96 | 38.30 | 40.89 | 47.17 | 42.27 | 44.36 | |
Operating Profit | 5.37 | 6.45 | 6.37 | 12.25 | 7.56 | 8.42 | 18.70 | 15.52 | 9.15 | 14.02 | 19.08 | 15.33 | 11.22 |
OPM % | 23.56% | 27.74% | 29.40% | 38.72% | 28.44% | 23.77% | 29.39% | 25.24% | 19.28% | 25.53% | 28.80% | 26.61% | 20.19% |
0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.02 | 0.00 | 0.00 | 2.53 | 0.00 | 0.00 | 0.00 | 3.22 | |
Interest | 0.99 | 0.96 | 0.88 | 1.37 | 1.33 | 0.92 | 2.12 | 1.17 | 0.62 | 0.66 | 0.68 | 0.75 | 0.57 |
Depreciation | 0.90 | 0.81 | 0.81 | 0.86 | 0.60 | 0.60 | 0.86 | 0.93 | 0.85 | 0.68 | 0.64 | 0.71 | 1.06 |
Profit before tax | 3.48 | 4.68 | 4.68 | 10.02 | 5.71 | 6.92 | 15.72 | 13.42 | 10.21 | 12.68 | 17.76 | 13.87 | 12.81 |
Tax % | 35.06% | 32.91% | 29.91% | 34.53% | 31.35% | 32.80% | 29.52% | 33.38% | 25.66% | 26.50% | 27.14% | 26.39% | |
2.26 | 3.13 | 3.28 | 6.56 | 3.93 | 4.65 | 11.08 | 8.93 | 7.59 | 9.32 | 12.93 | 10.21 | 9.24 | |
EPS in Rs | 1.83 | 2.53 | 2.65 | 5.30 | 3.17 | 3.08 | 7.33 | 5.91 | 5.02 | 6.17 | 8.56 | 6.76 | 6.12 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 37.80% | 64.99% | 34.09% | 42.30% | 29.86% | 48.64% | 35.06% | 44.40% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | -2% |
3 Years: | 7% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | -2% |
3 Years: | 10% |
TTM: | -20% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 41% |
1 Year: | 57% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 12.38 | 12.38 | 12.38 | 12.38 | 12.38 | 15.11 | 15.11 | 15.11 | 15.11 | 15.11 | 15.11 | 15.11 | 15.11 |
Reserves | 27.79 | 30.92 | 32.82 | 34.15 | 36.33 | 46.77 | 53.33 | 55.96 | 59.87 | 66.17 | 74.57 | 80.29 | 83.36 |
5.83 | 13.20 | 3.42 | 17.64 | 4.80 | 0.04 | 0.03 | 0.12 | 0.07 | 0.85 | 0.08 | 0.03 | 1.00 | |
23.92 | 20.02 | 23.56 | 21.56 | 22.29 | 38.22 | 55.79 | 53.86 | 57.92 | 67.98 | 76.39 | 70.81 | 81.29 | |
Total Liabilities | 69.92 | 76.52 | 72.18 | 85.73 | 75.80 | 100.14 | 124.26 | 125.05 | 132.97 | 150.11 | 166.15 | 166.24 | 180.76 |
5.62 | 5.31 | 4.74 | 3.27 | 3.15 | 4.05 | 4.50 | 4.14 | 4.61 | 4.47 | 4.48 | 12.97 | 12.73 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 1.69 | 3.23 | 0.00 | 0.00 |
Investments | 0.66 | 1.03 | 1.37 | 2.42 | 2.85 | 4.55 | 4.55 | 7.08 | 6.84 | 6.84 | 6.84 | 6.84 | 6.84 |
63.64 | 70.18 | 66.07 | 80.04 | 69.80 | 91.54 | 115.21 | 113.83 | 121.18 | 137.11 | 151.60 | 146.43 | 161.19 | |
Total Assets | 69.92 | 76.52 | 72.18 | 85.73 | 75.80 | 100.14 | 124.26 | 125.05 | 132.97 | 150.11 | 166.15 | 166.24 | 180.76 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-12.82 | -8.53 | 7.90 | -8.83 | 8.20 | 8.81 | 19.90 | 13.55 | 6.90 | 1.95 | 23.51 | 16.34 | |
1.53 | 1.14 | 1.67 | 0.48 | 0.76 | 10.20 | 0.50 | -1.12 | 1.05 | 0.68 | 0.51 | -2.79 | |
4.79 | 6.42 | -12.04 | 8.72 | -15.96 | -9.04 | -4.88 | -4.74 | -4.21 | -2.74 | -5.79 | -5.17 | |
Net Cash Flow | -6.50 | -0.97 | -2.47 | 0.37 | -7.00 | 9.96 | 15.51 | 7.68 | 3.74 | -0.11 | 18.23 | 8.37 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 518.59 | 608.33 | 624.56 | 545.31 | 606.55 | 542.19 | 298.39 | 259.62 | 321.15 | 425.36 | 316.24 | 275.84 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 518.59 | 608.33 | 624.56 | 545.31 | 606.55 | 542.19 | 298.39 | 259.62 | 321.15 | 425.36 | 316.24 | 275.84 |
Working Capital Days | 144.14 | 302.36 | 234.46 | 300.05 | 311.03 | 163.70 | -6.48 | 4.10 | -70.46 | 27.59 | -51.57 | -121.54 |
ROCE % | 10.65% | 11.00% | 10.58% | 20.20% | 11.96% | 13.58% | 27.36% | 20.89% | 14.81% | 16.97% | 21.46% | 15.79% |
Business Overview:[1]
Company is in the business of retail stock
broking operations in Tamil Nadu, Karnataka, Orissa, Chattisgarh, and Maharashtra. It provides a trading platform for **Capital Market, Futures & Options, Commodities and Currency Derivatives from NSE, BSE, MCX, MSE, and NCDEX. **