Steel City Securities Ltd
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]
- 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.
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 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% |
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]