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. **

Website NSE

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

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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.

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

	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 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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	9,770	9,912	10,118	10,119	9,919	9,681	9,733	9,784	10,762	12,182	11,841	11,999

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	55.20%	57.03%	53.34%	56.69%	62.57%	62.87%	67.38%	70.19%	70.86%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.17%	0.34%
	11.22%	0.15%	0.15%	0.18%	0.15%	0.17%	0.00%	0.00%	0.00%
	0.00%	43.03%	46.51%	43.14%	37.29%	36.98%	32.45%	29.64%	28.80%
No. of Shareholders	768	811	805	1,162	2,660	9,912	9,681	12,182	11,999

* 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.

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