Steel City Securities Ltd

₹ 58.0 -1.28%
27 Jan - close price
About

Steel City Securities Ltd is engaged in the business of retail broking (securities and commodity broking), DP Services, E-Governance, Corporate insurance agents, and marketing support services and is a is leading in retail stockbroking in Southern India since 1995. They are the pioneers in introducing the Franchisee model to extend business potential in urban and rural areas of Andhra Pradesh. They also have business operations in Tamil Nadu, Karnataka, Orissa, Chattisgarh, and Maharashtra. [1]

Key Points

Offerings
The Co has a diversified business portfolio covering Capital Market services, e-Governance services, Investment advisory in the form of distribution of Mutual Funds, Bonds, credit cards, IPOs & Corporate Fixed Deposits, Currency Trading, Commodity Broking, Insurance Distribution & NBFC services. It also provides support services like Charts, trends of International markets, Bullion Markets, Weather forecasts, and other financial news through its website.[1][2]

Business Network
The Co. offers a trading platform for Capital Market, Futures & Options, Commodities, and Currency Derivatives of NSE, BSE, MCX, MSE, and NCDEX and is also a depository participant of NDSL and CDSL having trading clients more than 2 lakhs.[3]

  • Market Cap 87.7 Cr.
  • Current Price 58.0
  • High / Low 72.1 / 50.3
  • Stock P/E 7.50
  • Book Value 61.4
  • Dividend Yield 5.17 %
  • ROCE 21.2 %
  • ROE 15.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.95 times its book value
  • Stock is providing a good dividend yield of 5.17%.
  • Company has been maintaining a healthy dividend payout of 37.8%
  • Promoter holding has increased by 1.02% over last quarter.

Cons

  • Company has a low return on equity of 12.6% over last 3 years.
  • Company has high debtors of 330 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
11.89 11.56 11.87 10.10 13.98 13.37 14.90 13.54 16.53 17.11 16.36 13.09 14.31
9.99 9.10 9.80 7.61 10.67 11.19 11.57 10.61 11.90 12.46 12.38 10.49 11.36
Operating Profit 1.90 2.46 2.07 2.49 3.31 2.18 3.33 2.93 4.63 4.65 3.98 2.60 2.95
OPM % 15.98% 21.28% 17.44% 24.65% 23.68% 16.31% 22.35% 21.64% 28.01% 27.18% 24.33% 19.86% 20.61%
0.50 0.76 0.83 0.44 0.49 0.65 0.97 0.55 0.58 0.59 0.98 0.64 0.71
Interest 0.01 0.09 0.18 0.11 0.15 0.12 0.12 0.13 0.11 0.12 0.13 0.11 0.11
Depreciation 0.22 0.20 0.21 0.19 0.16 0.17 0.16 0.16 0.17 0.16 0.15 0.16 0.16
Profit before tax 2.17 2.93 2.51 2.63 3.49 2.54 4.02 3.19 4.93 4.96 4.68 2.97 3.39
Tax % 37.79% 30.38% 6.37% 26.62% 32.66% 16.54% 27.36% 26.96% 28.40% 25.20% 27.78% 25.25% 29.20%
Net Profit 1.36 2.04 2.36 1.93 2.34 2.13 2.92 2.32 3.53 3.70 3.37 2.22 2.41
EPS in Rs 0.90 1.35 1.56 1.28 1.55 1.41 1.93 1.54 2.34 2.45 2.23 1.47 1.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
33 23 23 22 32 27 35 64 61 47 52 64 61
21 17 17 15 19 19 27 45 46 38 41 47 47
Operating Profit 12 5 6 6 12 8 8 19 16 9 11 16 14
OPM % 37% 24% 28% 29% 39% 28% 24% 29% 25% 19% 22% 25% 23%
0 0 0 0 0 0 0 0 0 3 3 3 3
Interest 1 1 1 1 1 1 1 2 1 1 1 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 10 3 5 5 10 6 7 16 13 10 13 18 16
Tax % 32% 35% 33% 30% 35% 31% 33% 30% 33% 26% 26% 27%
Net Profit 7 2 3 3 7 4 5 11 9 8 9 13 12
EPS in Rs 5.67 1.83 2.53 2.65 5.30 3.17 3.08 7.33 5.91 5.02 6.17 8.56 7.75
Dividend Payout % 62% 0% 0% 0% 0% 38% 65% 34% 42% 30% 49% 35%
Compounded Sales Growth
10 Years: 11%
5 Years: 12%
3 Years: 1%
TTM: 4%
Compounded Profit Growth
10 Years: 19%
5 Years: 23%
3 Years: 13%
TTM: 7%
Stock Price CAGR
10 Years: %
5 Years: -13%
3 Years: 17%
1 Year: -6%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 13%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
12 12 12 12 12 12 15 15 15 15 15 15 15
Reserves 26 28 31 33 34 36 47 53 56 60 66 75 78
0 6 13 3 18 5 0 0 0 0 1 0 0
33 24 20 24 22 22 38 56 54 58 68 76 69
Total Liabilities 71 70 77 72 86 76 100 124 125 133 150 166 162
6 6 5 5 3 3 4 4 4 5 4 4 5
CWIP 0 0 0 0 0 0 0 0 0 0 2 3 4
Investments 1 1 1 1 2 3 5 5 7 7 7 7 7
64 64 70 66 80 70 92 115 114 121 137 152 147
Total Assets 71 70 77 72 86 76 100 124 125 133 150 166 162

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5 -13 -9 8 -9 8 9 20 14 7 2 24
1 2 1 2 0 1 10 0 -1 1 1 1
-6 5 6 -12 9 -16 -9 -5 -5 -4 -3 -6
Net Cash Flow 0 -6 -1 -2 0 -7 10 16 8 4 -0 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 270 519 608 625 545 607 542 298 260 321 446 330
Inventory Days
Days Payable
Cash Conversion Cycle 270 519 608 625 545 607 542 298 260 321 446 330
Working Capital Days -89 144 302 234 300 311 164 -6 4 -70 29 -54
ROCE % 11% 11% 11% 20% 12% 14% 27% 21% 15% 17% 21%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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