Steel City Securities Ltd

Steel City Securities Ltd

₹ 119 1.88%
13 Dec - close price
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. **

  • Market Cap 180 Cr.
  • Current Price 119
  • High / Low 127 / 65.3
  • Stock P/E 10.8
  • Book Value 83.7
  • Dividend Yield 2.52 %
  • ROCE 13.8 %
  • ROE 10.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 37.2%

Cons

  • The company has delivered a poor sales growth of -0.41% over past five years.
  • Company has a low return on equity of 11.4% over last 3 years.
  • Company has high debtors of 317 days.
  • Working capital days have increased from -22.2 days to 107 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
16.57 17.14 16.38 13.12 14.33 13.30 13.86 12.99 15.26 13.59 17.34 16.72 18.53
11.91 12.48 12.44 10.60 11.35 9.22 11.51 10.69 12.08 10.26 12.40 11.62 13.20
Operating Profit 4.66 4.66 3.94 2.52 2.98 4.08 2.35 2.30 3.18 3.33 4.94 5.10 5.33
OPM % 28.12% 27.19% 24.05% 19.21% 20.80% 30.68% 16.96% 17.71% 20.84% 24.50% 28.49% 30.50% 28.76%
0.65 0.66 1.08 0.71 1.66 0.95 0.89 0.85 0.68 0.77 1.11 0.83 1.71
Interest 0.11 0.12 0.13 0.11 0.11 0.16 0.24 0.13 0.14 0.10 0.24 0.31 0.33
Depreciation 0.17 0.17 0.16 0.16 0.17 0.18 0.22 0.28 0.28 0.29 0.18 0.25 0.25
Profit before tax 5.03 5.03 4.73 2.96 4.36 4.69 2.78 2.74 3.44 3.71 5.63 5.37 6.46
Tax % 28.43% 25.25% 27.91% 25.34% 28.44% 23.88% 28.78% 25.55% 29.07% 29.92% 24.33% 27.56% 21.83%
3.78 3.89 3.44 2.24 3.23 3.75 1.99 2.15 2.46 2.85 4.40 4.24 5.14
EPS in Rs 2.50 2.57 2.28 1.48 2.14 2.48 1.32 1.42 1.63 1.89 2.91 2.81 3.40
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
31 27 35 30 38 66 64 51 55 67 59 63 66
22 19 22 22 29 47 49 40 40 47 43 45 47
Operating Profit 10 8 13 8 9 19 15 12 15 19 16 17 19
OPM % 31% 28% 38% 28% 24% 29% 24% 22% 27% 29% 28% 28% 28%
0 0 0 0 0 0 0 0 0 0 0 0 4
Interest 1 1 1 1 1 2 1 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 8 6 11 6 8 16 13 10 14 18 15 16 21
Tax % 33% 33% 35% 34% 33% 30% 34% 26% 26% 27% 26% 27%
5 4 7 4 5 11 9 7 11 14 11 12 17
EPS in Rs 3.67 2.87 5.52 3.37 3.32 7.53 5.96 4.71 7.00 9.15 7.42 7.85 11.01
Dividend Payout % 0% 0% 0% 36% 60% 33% 42% 32% 43% 33% 40% 38%
Compounded Sales Growth
10 Years: 9%
5 Years: 0%
3 Years: 4%
TTM: 19%
Compounded Profit Growth
10 Years: 13%
5 Years: 6%
3 Years: 4%
TTM: 61%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 28%
1 Year: 67%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 12 15 15 15 15 15 15 15 15 15
Reserves 39 41 43 45 57 64 71 73 80 90 96 103 111
13 3 18 5 0 0 0 0 1 0 1 5 11
35 32 29 31 44 62 59 59 68 77 71 86 86
Total Liabilities 99 89 102 94 117 141 145 147 165 182 183 209 224
6 6 4 4 7 7 9 9 9 9 26 25 25
CWIP 0 0 0 0 0 0 0 0 2 7 4 4 6
Investments 1 1 2 3 4 5 7 6 5 6 6 7 7
93 83 96 86 106 129 130 132 148 159 147 174 187
Total Assets 99 89 102 94 117 141 145 147 165 182 183 209 224

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-12 5 -8 9 7 16 13 4 2 28 16 -19
2 2 1 0 10 0 -1 1 3 -3 -10 3
6 -12 9 -16 -9 -5 -5 -4 -3 -6 -3 -1
Net Cash Flow -4 -6 1 -7 8 12 7 1 1 19 3 -16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 498 533 510 550 512 293 275 300 424 316 271 317
Inventory Days
Days Payable
Cash Conversion Cycle 498 533 510 550 512 293 275 300 424 316 271 317
Working Capital Days 146 161 243 223 129 -1 4 -39 55 -50 -123 107
ROCE % 14% 10% 18% 11% 12% 23% 17% 12% 15% 19% 14% 14%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.66% 62.87% 63.52% 64.54% 65.68% 67.38% 68.81% 69.27% 69.93% 70.19% 70.69% 70.86%
0.00% 0.00% 0.00% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.47% 0.34%
0.32% 0.17% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
37.02% 36.98% 36.31% 35.29% 34.14% 32.45% 31.02% 30.56% 29.90% 29.64% 28.84% 28.80%
No. of Shareholders 9,7709,91210,11810,1199,9199,6819,7339,78410,76212,18211,84111,999

* 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.

Click on the line-items to see the names of individual entities.

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