Steel City Securities Ltd

₹ 54.4 2.25%

28 Jun - 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]

Website NSE

Market Cap ₹ 82.3 Cr.
Current Price ₹ 54.4
High / Low ₹ 98.7 / 50.2
Stock P/E 5.95
Book Value ₹ 69.4
Dividend Yield 5.51 %
ROCE 18.4 %
ROE 13.8 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.78 times its book value

Cons

The company has delivered a poor sales growth of 10.66% over past five years.
Company has a low return on equity of 11.29% for last 3 years.
Company has high debtors of 330.64 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022
	12.50	12.26	11.85	11.91	10.11	13.98	13.37	14.89	13.54	16.57	17.14	16.38
	9.92	10.61	9.19	10.33	7.46	10.68	11.17	11.19	10.70	11.91	12.48	12.44
Operating Profit	2.58	1.65	2.66	1.58	2.65	3.30	2.20	3.70	2.84	4.66	4.66	3.94
OPM %	20.64%	13.46%	22.45%	13.27%	26.21%	23.61%	16.45%	24.85%	20.97%	28.12%	27.19%	24.05%
	0.50	0.68	0.84	0.95	0.50	0.72	0.93	0.82	0.65	0.65	0.66	1.08
Interest	0.21	0.02	0.10	0.20	0.12	0.15	0.12	0.12	0.13	0.11	0.12	0.13
Depreciation	0.23	0.23	0.21	0.21	0.19	0.17	0.18	0.16	0.17	0.17	0.17	0.16
Profit before tax	2.64	2.08	3.19	2.12	2.84	3.70	2.83	4.24	3.19	5.03	5.03	4.73
Tax %	29.17%	37.50%	30.41%	2.36%	26.76%	31.62%	16.25%	27.59%	26.96%	28.43%	25.25%	27.91%
Net Profit	1.90	1.04	2.17	2.01	2.27	2.60	2.52	3.18	2.72	3.78	3.89	3.44
EPS in Rs	1.26	0.69	1.44	1.33	1.50	1.72	1.67	2.10	1.80	2.50	2.57	2.28
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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
	33	31	27	35	30	38	66	64	49	52	64
	23	22	19	22	22	29	47	49	40	41	48
Operating Profit	10	10	8	13	8	9	19	15	8	12	16
OPM %	32%	31%	28%	38%	28%	24%	29%	24%	17%	23%	25%
	-0	-0	-0	-0	0	0	-0	-0	3	3	3
Interest	1	1	1	1	1	1	2	1	1	1	0
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	18
Tax %	34%	33%	33%	35%	34%	33%	30%	34%	26%	26%	27%
Net Profit	4	5	4	7	4	5	11	9	7	11	14
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
Dividend Payout %	-0%	-0%	-0%	-0%	36%	60%	33%	42%	32%	29%	-0%

Compounded Sales Growth
10 Years:	7%
5 Years:	11%
3 Years:	0%
TTM:	22%

Compounded Profit Growth
10 Years:	12%
5 Years:	22%
3 Years:	15%
TTM:	31%

Stock Price CAGR
10 Years:	%
5 Years:	-1%
3 Years:	-3%
1 Year:	4%

Return on Equity
10 Years:	11%
5 Years:	12%
3 Years:	11%
Last Year:	14%

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
	12	12	12	12	12	15	15	15	15	15	15
Reserves	34	39	41	43	45	57	64	71	73	80	90
	6	13	3	18	5	0	0	0	0	1	0
	40	35	32	29	31	44	62	59	59	68	77
Total Liabilities	92	99	89	102	94	117	141	145	147	165	182
	6	6	6	4	4	7	7	9	9	9	9
CWIP	-0	-0	-0	-0	-0	-0	-0	-0	0	2	7
Investments	-0	1	1	2	3	4	5	7	6	5	6
	86	93	83	96	86	106	129	130	132	148	159
Total Assets	92	99	89	102	94	117	141	145	147	165	182

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
	-7	-12	5	-8	9	7	16	13	4	2	28
	2	2	2	1	0	10	0	-1	1	3	-3
	5	6	-12	9	-16	-9	-5	-5	-4	-3	-6
Net Cash Flow	0	-4	-6	1	-7	8	12	7	1	1	19

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
Debtor Days	366	498	533	510	550	512	293	275	318	449	331
Inventory Days
Days Payable
Cash Conversion Cycle	366	498	533	510	550	512	293	275	318	449	331
Working Capital Days	-27	146	161	243	223	129	-1	4	-34	60	-52
ROCE %		15%	11%	19%	12%	13%	24%	17%	12%	15%	18%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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