Steel City Securities Ltd

Steel City Securities is a retail stock broking company. It is engaged in the business of providing broking and broking related services.

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 1.20 times its book value
Stock is providing a good dividend yield of 3.97%.
Company has been maintaining a healthy dividend payout of 43.02%
Cons:
Company has a low return on equity of 10.40% for last 3 years.
Contingent liabilities of Rs.39.77 Cr.

Peer Comparison Sector: Stock/ Commodity Brokers // Industry: Finance & Investments

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
33.18 31.35 26.94 34.80 30.25 38.34 66.14
22.69 21.58 19.37 21.67 21.80 29.23 47.03
Operating Profit 10.49 9.77 7.57 13.13 8.45 9.11 19.11
OPM % 31.62% 31.16% 28.10% 37.73% 27.93% 23.76% 28.89%
Other Income 0.00 0.00 0.00 0.00 0.08 0.02 0.00
Interest 1.11 1.08 0.97 1.43 1.37 0.95 2.16
Depreciation 0.93 0.87 0.88 0.99 0.68 0.64 0.90
Profit before tax 8.45 7.82 5.72 10.71 6.48 7.54 16.05
Tax % 34.08% 33.12% 32.87% 34.73% 33.95% 33.16% 29.66%
Net Profit 4.44 4.54 3.55 6.83 4.17 5.02 11.37
EPS in Rs
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 35.63% 60.20% 33.22%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:16.10%
3 Years:23.87%
TTM:72.51%
Compounded Profit Growth
10 Years:%
5 Years:20.15%
3 Years:18.52%
TTM:126.49%
Return on Equity
10 Years:%
5 Years:10.18%
3 Years:10.40%
Last Year:14.98%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
12.38 12.38 12.38 12.38 12.38 15.11 15.11
Reserves 34.10 38.69 40.84 42.86 45.42 57.40 64.23
Borrowings 5.83 13.20 3.47 17.67 4.81 0.04 0.03
39.90 35.03 32.19 29.36 30.93 44.39 62.02
Total Liabilities 92.21 99.30 88.88 102.27 93.54 116.94 141.39
5.76 5.70 5.50 4.26 4.50 6.70 7.12
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.60 0.60 1.60 2.68 3.75 4.98
86.45 93.00 82.78 96.41 86.36 106.49 129.29
Total Assets 92.21 99.30 88.88 102.27 93.54 116.94 141.39

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-6.72 -11.89 4.66 -8.15 9.33 6.66 16.44
2.15 1.55 2.00 0.98 0.29 10.22 0.06
4.66 6.29 -12.36 8.54 -16.31 -9.17 -5.00
Net Cash Flow 0.09 -4.04 -5.70 1.37 -6.69 7.71 11.50

Ratios Consolidated / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 15.27% 11.06% 18.73% 11.59% 12.56% 23.97%
Debtor Days 366.10 498.31 533.41 509.53 549.97 511.61 292.60
Inventory Turnover