Steel City Securities Ltd

₹ 59.6 -1.97%
25 Nov - 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]

  • Market Cap 90.1 Cr.
  • Current Price 59.6
  • High / Low 77.2 / 50.3
  • Stock P/E 7.04
  • Book Value 72.0
  • Dividend Yield 5.03 %
  • ROCE 18.4 %
  • ROE 13.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.83 times its book value
  • Promoter holding has increased by 1.02% over last quarter.

Cons

  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.
  • Company has high debtors of 331 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 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
12.26 11.85 11.91 10.11 13.98 13.37 14.89 13.54 16.57 17.14 16.38 13.12 14.33
10.61 9.19 10.33 7.46 10.68 11.17 11.19 10.70 11.91 12.48 12.44 10.60 11.35
Operating Profit 1.65 2.66 1.58 2.65 3.30 2.20 3.70 2.84 4.66 4.66 3.94 2.52 2.98
OPM % 13.46% 22.45% 13.27% 26.21% 23.61% 16.45% 24.85% 20.97% 28.12% 27.19% 24.05% 19.21% 20.80%
0.68 0.84 0.95 0.50 0.72 0.93 0.82 0.65 0.65 0.66 1.08 0.71 1.66
Interest 0.02 0.10 0.20 0.12 0.15 0.12 0.12 0.13 0.11 0.12 0.13 0.11 0.11
Depreciation 0.23 0.21 0.21 0.19 0.17 0.18 0.16 0.17 0.17 0.17 0.16 0.16 0.17
Profit before tax 2.08 3.19 2.12 2.84 3.70 2.83 4.24 3.19 5.03 5.03 4.73 2.96 4.36
Tax % 37.50% 30.41% 2.36% 26.76% 31.62% 16.25% 27.59% 26.96% 28.43% 25.25% 27.91% 25.34% 28.44%
Net Profit 1.04 2.17 2.01 2.27 2.60 2.52 3.18 2.72 3.78 3.89 3.44 2.24 3.23
EPS in Rs 0.69 1.44 1.33 1.50 1.72 1.67 2.10 1.80 2.50 2.57 2.28 1.48 2.14
Raw PDF

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 TTM
33 31 27 35 30 38 66 64 51 55 64 61
23 22 19 22 22 29 47 49 40 40 48 47
Operating Profit 10 10 8 13 8 9 19 15 12 15 16 14
OPM % 32% 31% 28% 38% 28% 24% 29% 24% 22% 27% 25% 23%
-0 -0 -0 -0 0 0 -0 -0 0 0 3 4
Interest 1 1 1 1 1 1 2 1 1 1 0 0
Depreciation 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 17
Tax % 34% 33% 33% 35% 34% 33% 30% 34% 26% 26% 27%
Net Profit 6 5 4 7 4 5 11 9 7 11 14 13
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 8.47
Dividend Payout % -0% -0% -0% -0% 36% 60% 33% 42% 32% 43% -0%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 0%
TTM: 4%
Compounded Profit Growth
10 Years: 12%
5 Years: 22%
3 Years: 15%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: -15%
3 Years: 26%
1 Year: 3%
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 Sep 2022
12 12 12 12 12 15 15 15 15 15 15 15
Reserves 34 39 41 43 45 57 64 71 73 80 90 94
6 13 3 18 5 0 0 0 0 1 0 0
40 35 32 29 31 44 62 59 59 68 77 70
Total Liabilities 92 99 89 102 94 117 141 145 147 165 182 178
6 6 6 4 4 7 7 9 9 9 9 9
CWIP -0 -0 -0 -0 -0 -0 -0 -0 0 2 7 8
Investments -0 1 1 2 3 4 5 7 6 5 6 6
86 93 83 96 86 106 129 130 132 148 159 155
Total Assets 92 99 89 102 94 117 141 145 147 165 182 178

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 366 498 533 510 550 512 293 275 300 426 331
Inventory Days
Days Payable
Cash Conversion Cycle 366 498 533 510 550 512 293 275 300 426 331
Working Capital Days -27 146 161 243 223 129 -1 4 -39 55 -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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