Steel City Securities Ltd

Steel City Sec. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steel City Securities Ltd

₹ 74.8 1.49%
19 Apr - close price
Company website NSE : STEELCITY
About

Incorporated in 1995, Steel City Securities Ltd provides stock broking and e-governance services[1]

Key Points

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. **

Website NSE
  • Market Cap ₹ 113 Cr.
  • Current Price ₹ 74.8
  • High / Low ₹ 94.7 / 59.8
  • Stock P/E 12.0
  • Book Value ₹ 75.9
  • Dividend Yield 4.01 %
  • ROCE 14.3 %
  • ROE 10.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.98 times its book value
  • Stock is providing a good dividend yield of 4.01%.
  • Company has been maintaining a healthy dividend payout of 38.7%
  • Promoter holding has increased by 1.12% over last quarter.

Cons

  • The company has delivered a poor sales growth of -2.32% over past five years.
  • Company has a low return on equity of 11.9% over last 3 years.
  • Contingent liabilities of Rs.59.7 Cr.
  • Company has high debtors of 271 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
13.37 14.89 13.54 16.57 17.14 16.38 13.12 14.33 13.30 13.86 12.99 15.26 13.59
11.17 11.19 10.70 11.91 12.48 12.44 10.60 11.35 9.22 11.51 10.69 12.08 10.26
Operating Profit 2.20 3.70 2.84 4.66 4.66 3.94 2.52 2.98 4.08 2.35 2.30 3.18 3.33
OPM % 16.45% 24.85% 20.97% 28.12% 27.19% 24.05% 19.21% 20.80% 30.68% 16.96% 17.71% 20.84% 24.50%
0.93 0.82 0.65 0.65 0.66 1.08 0.71 1.66 0.95 0.89 0.85 0.68 0.77
Interest 0.12 0.12 0.13 0.11 0.12 0.13 0.11 0.11 0.16 0.24 0.13 0.14 0.10
Depreciation 0.18 0.16 0.17 0.17 0.17 0.16 0.16 0.17 0.18 0.22 0.28 0.28 0.29
Profit before tax 2.83 4.24 3.19 5.03 5.03 4.73 2.96 4.36 4.69 2.78 2.74 3.44 3.71
Tax % 16.25% 27.59% 26.96% 28.43% 25.25% 27.91% 25.34% 28.44% 23.88% 28.78% 25.55% 29.07% 29.92%
2.52 3.18 2.72 3.78 3.89 3.44 2.24 3.23 3.75 1.99 2.15 2.46 2.85
EPS in Rs 1.67 2.10 1.80 2.50 2.57 2.28 1.48 2.14 2.48 1.32 1.42 1.63 1.89
Raw PDF

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 Mar 2022 Mar 2023 TTM
33.18 31.35 26.94 34.80 30.25 38.34 66.14 63.89 51.45 55.34 66.67 58.81 55.70
22.69 21.58 19.37 21.67 21.80 29.23 47.03 48.52 39.93 40.37 47.34 42.51 44.54
Operating Profit 10.49 9.77 7.57 13.13 8.45 9.11 19.11 15.37 11.52 14.97 19.33 16.30 11.16
OPM % 31.62% 31.16% 28.10% 37.73% 27.93% 23.76% 28.89% 24.06% 22.39% 27.05% 28.99% 27.72% 20.04%
0.00 0.00 0.00 0.00 0.08 0.02 0.00 0.00 0.05 0.00 0.00 0.00 3.19
Interest 1.11 1.08 0.97 1.43 1.37 0.95 2.16 1.21 0.66 0.67 0.68 0.78 0.61
Depreciation 0.93 0.87 0.88 0.99 0.68 0.64 0.90 0.96 0.88 0.71 0.67 0.73 1.07
Profit before tax 8.45 7.82 5.72 10.71 6.48 7.54 16.05 13.20 10.03 13.59 17.98 14.79 12.67
Tax % 34.08% 33.12% 32.87% 34.73% 33.95% 33.16% 29.66% 33.64% 25.62% 26.12% 27.20% 26.37%
5.56 5.24 3.85 6.99 4.38 5.11 11.44 9.00 7.11 10.57 13.82 11.21 9.45
EPS in Rs 3.59 3.67 2.87 5.52 3.37 3.32 7.53 5.96 4.71 7.00 9.15 7.42 6.26
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 35.63% 60.20% 33.22% 41.97% 31.88% 42.89% 32.80% 40.44%
Compounded Sales Growth
10 Years: 6%
5 Years: -2%
3 Years: 5%
TTM: -3%
Compounded Profit Growth
10 Years: 9%
5 Years: 0%
3 Years: 16%
TTM: -25%
Stock Price CAGR
10 Years: %
5 Years: 6%
3 Years: 29%
1 Year: 19%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 12%
Last Year: 10%

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 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 34.10 38.69 40.84 42.86 45.42 57.40 64.23 70.81 72.88 80.43 89.72 96.44 99.54
5.83 13.20 3.47 17.67 4.81 0.04 0.03 0.12 0.07 0.85 0.08 0.78 1.75
39.90 35.03 32.19 29.36 30.93 44.25 61.76 58.96 59.11 68.24 76.92 71.11 81.54
Total Liabilities 92.21 99.30 88.88 102.27 93.54 116.80 141.13 145.00 147.17 164.63 181.83 183.44 197.94
5.76 5.70 5.50 4.26 4.50 6.70 7.12 8.86 9.30 9.13 9.10 25.59 25.35
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.34 1.69 7.33 4.10 4.10
Investments 0.00 0.60 0.60 1.60 2.68 3.75 4.98 6.51 5.61 5.41 6.06 6.32 6.49
86.45 93.00 82.78 96.41 86.36 106.35 129.03 129.63 131.92 148.40 159.34 147.43 162.00
Total Assets 92.21 99.30 88.88 102.27 93.54 116.80 141.13 145.00 147.17 164.63 181.83 183.44 197.94

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 Mar 2022 Mar 2023
-6.72 -11.89 4.66 -8.15 9.33 6.66 16.44 12.78 3.75 1.61 27.51 16.24
2.15 1.55 2.00 0.98 0.29 10.22 0.06 -1.16 1.44 2.52 -3.18 -10.53
4.66 6.29 -12.36 8.54 -16.31 -9.17 -5.00 -4.81 -4.25 -2.75 -5.79 -2.95
Net Cash Flow 0.09 -4.04 -5.70 1.37 -6.69 7.71 11.50 6.81 0.94 1.37 18.55 2.75

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 Mar 2022 Mar 2023
Debtor Days 366.10 498.31 533.41 509.53 549.97 511.61 292.60 275.48 299.87 424.43 315.56 270.91
Inventory Days
Days Payable
Cash Conversion Cycle 366.10 498.31 533.41 509.53 549.97 511.61 292.60 275.48 299.87 424.43 315.56 270.91
Working Capital Days -27.17 146.47 160.82 243.44 222.98 129.47 -0.94 4.00 -38.66 55.14 -50.42 -114.63
ROCE % 14.31% 10.34% 17.65% 10.99% 12.05% 23.28% 17.19% 12.28% 15.46% 18.54% 14.33%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.57% 62.57% 62.64% 62.66% 62.87% 63.52% 64.54% 65.68% 67.38% 68.81% 69.27% 69.93%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
0.15% 0.15% 0.32% 0.32% 0.17% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
37.29% 37.29% 37.04% 37.02% 36.98% 36.31% 35.29% 34.14% 32.45% 31.02% 30.56% 29.90%
No. of Shareholders 2,6604,7649,6669,7709,91210,11810,1199,9199,6819,7339,78410,762

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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