Steel City Securities Ltd

  • Market Cap 89.4 Cr.
  • Current Price 59.2
  • High / Low 98.7 / 28.2
  • Stock P/E 8.11
  • Book Value 63.2
  • Dividend Yield 5.07 %
  • ROCE 15.3 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.94 times its book value
  • Company has been maintaining a healthy dividend payout of 34.15%

Cons

  • The company has delivered a poor sales growth of 11.60% over past five years.
  • Company has a low return on equity of 10.21% for last 3 years.
  • Company has high debtors of 448.58 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
15.86 13.59 15.73 12.50 12.26 11.85 11.91 10.11 13.98 13.37 14.89 13.54
12.19 12.47 11.84 9.92 10.61 9.19 10.33 7.46 10.68 11.17 11.19 10.70
Operating Profit 3.67 1.12 3.89 2.58 1.65 2.66 1.58 2.65 3.30 2.20 3.70 2.84
OPM % 23.14% 8.24% 24.73% 20.64% 13.46% 22.45% 13.27% 26.21% 23.61% 16.45% 24.85% 20.97%
Other Income 0.67 0.69 1.53 0.50 0.68 0.84 0.95 0.50 0.72 0.93 0.82 0.65
Interest 1.01 -0.98 0.29 0.21 0.02 0.10 0.20 0.12 0.15 0.12 0.12 0.13
Depreciation 0.24 0.24 0.25 0.23 0.23 0.21 0.21 0.19 0.17 0.18 0.16 0.17
Profit before tax 3.09 2.55 4.88 2.64 2.08 3.19 2.12 2.84 3.70 2.83 4.24 3.19
Tax % 31.72% 33.73% 34.43% 29.17% 37.50% 30.41% 2.36% 26.76% 31.62% 16.25% 27.59% 26.96%
Net Profit 1.61 1.81 3.20 1.90 1.04 2.17 2.01 2.27 2.60 2.52 3.18 2.72
EPS in Rs 1.07 1.20 2.12 1.26 0.69 1.44 1.33 1.50 1.72 1.67 2.10 1.80

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
33 31 27 35 30 38 66 64 49 52 56
23 22 19 22 22 29 47 49 40 41 44
Operating Profit 10 10 8 13 8 9 19 15 8 12 12
OPM % 32% 31% 28% 38% 28% 24% 29% 24% 17% 23% 22%
Other Income 0 0 0 0 0 0 0 0 3 3 3
Interest 1 1 1 1 1 1 2 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 8 8 6 11 6 8 16 13 10 14 14
Tax % 34% 33% 33% 35% 34% 33% 30% 34% 26% 26%
Net Profit 4 5 4 7 4 5 11 9 7 11 11
EPS in Rs 3.59 3.67 2.87 5.52 3.37 3.32 7.53 5.96 4.71 7.00 7.29
Dividend Payout % 0% 0% 0% 0% 36% 60% 33% 42% 32% 29%
Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:-7%
TTM:21%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:-2%
TTM:47%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-5%
1 Year:93%
Return on Equity
10 Years:%
5 Years:11%
3 Years:10%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
12 12 12 12 12 15 15 15 15 15
Reserves 34 39 41 43 45 57 64 71 73 80
Borrowings 6 13 3 18 5 0 0 0 0 1
40 35 32 29 31 44 62 59 59 68
Total Liabilities 92 99 89 102 94 117 141 145 147 165
6 6 6 4 4 7 7 9 9 9
CWIP 0 0 0 0 0 0 0 0 0 2
Investments 0 1 1 2 3 4 5 7 6 5
86 93 83 96 86 106 129 130 132 148
Total Assets 92 99 89 102 94 117 141 145 147 165

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 366 498 533 510 550 512 293 275 318 449
Inventory Days
Days Payable
Cash Conversion Cycle 366 498 533 510 550 512 293 275 318 449
Working Capital Days -27 146 161 243 223 129 -1 4 -34 60
ROCE % 15% 11% 19% 12% 13% 24% 17% 12% 15%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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