Steel City Securities Ltd
Incorporated in 1995, Steel City Securities Ltd provides stock broking and e-governance services[1]
- Market Cap ₹ 102 Cr.
- Current Price ₹ 67.4
- High / Low ₹ 75.0 / 55.5
- Stock P/E 9.85
- Book Value ₹ 75.9
- Dividend Yield 4.43 %
- ROCE 14.3 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.89 times its book value
- Stock is providing a good dividend yield of 4.43%.
- Company has been maintaining a healthy dividend payout of 38.7%
- Promoter holding has increased by 1.43% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 31 | 27 | 35 | 30 | 38 | 66 | 64 | 51 | 55 | 67 | 59 | 55 | |
23 | 22 | 19 | 22 | 22 | 29 | 47 | 49 | 40 | 40 | 47 | 43 | 44 | |
Operating Profit | 10 | 10 | 8 | 13 | 8 | 9 | 19 | 15 | 12 | 15 | 19 | 16 | 12 |
OPM % | 32% | 31% | 28% | 38% | 28% | 24% | 29% | 24% | 22% | 27% | 29% | 28% | 21% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | |
Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 1 | 1 | 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 | 15 | 14 |
Tax % | 34% | 33% | 33% | 35% | 34% | 33% | 30% | 34% | 26% | 26% | 27% | 26% | |
6 | 5 | 4 | 7 | 4 | 5 | 11 | 9 | 7 | 11 | 14 | 11 | 10 | |
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 | 6.85 |
Dividend Payout % | 0% | 0% | 0% | 0% | 36% | 60% | 33% | 42% | 32% | 43% | 33% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | -2% |
3 Years: | 5% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 0% |
3 Years: | 16% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 23% |
1 Year: | 10% |
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 | 12 | 12 | 12 | 12 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 34 | 39 | 41 | 43 | 45 | 57 | 64 | 71 | 73 | 80 | 90 | 96 | 100 |
6 | 13 | 3 | 18 | 5 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | |
40 | 35 | 32 | 29 | 31 | 44 | 62 | 59 | 59 | 68 | 77 | 71 | 82 | |
Total Liabilities | 92 | 99 | 89 | 102 | 94 | 117 | 141 | 145 | 147 | 165 | 182 | 183 | 198 |
6 | 6 | 6 | 4 | 4 | 7 | 7 | 9 | 9 | 9 | 9 | 26 | 25 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 4 | 4 |
Investments | 0 | 1 | 1 | 2 | 3 | 4 | 5 | 7 | 6 | 5 | 6 | 6 | 6 |
86 | 93 | 83 | 96 | 86 | 106 | 129 | 130 | 132 | 148 | 159 | 147 | 162 | |
Total Assets | 92 | 99 | 89 | 102 | 94 | 117 | 141 | 145 | 147 | 165 | 182 | 183 | 198 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-7 | -12 | 5 | -8 | 9 | 7 | 16 | 13 | 4 | 2 | 28 | 16 | |
2 | 2 | 2 | 1 | 0 | 10 | 0 | -1 | 1 | 3 | -3 | -11 | |
5 | 6 | -12 | 9 | -16 | -9 | -5 | -5 | -4 | -3 | -6 | -3 | |
Net Cash Flow | 0 | -4 | -6 | 1 | -7 | 8 | 12 | 7 | 1 | 1 | 19 | 3 |
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 | 498 | 533 | 510 | 550 | 512 | 293 | 275 | 300 | 424 | 316 | 271 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 366 | 498 | 533 | 510 | 550 | 512 | 293 | 275 | 300 | 424 | 316 | 271 |
Working Capital Days | -27 | 146 | 161 | 243 | 223 | 129 | -1 | 4 | -39 | 55 | -50 | -115 |
ROCE % | 14% | 10% | 18% | 11% | 12% | 23% | 17% | 12% | 15% | 19% | 14% |
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. **