Steel Exchange India Ltd

₹ 9.21 -1.81%

05 Sep - close price

About

Incorporated in 1999, Steel Exchange India Ltd manufactures steel products, trading of related products and generation and sale of power^[1]

Key Points

Business Overview:^[1]
SEIL is the flagship company of the Vizag Profiles group. It manufactures Thermo mechanically treated (TMT) Bars under the brand SIMHADRI TMT with products such as Simhadri TMT Fe500D, Fe550D and Fe500D CRS with sizes ranging from 8mm to 32mm, Bi. They manufacture TMT Bars, Billets and Sponge Iron at their Integrated Steel Plant

Website BSE NSE

Market Cap ₹ 1,129 Cr.
Current Price ₹ 9.21
High / Low ₹ 13.9 / 7.06
Stock P/E 33.6
Book Value ₹ 5.76
Dividend Yield 0.00 %
ROCE 11.3 %
ROE 3.79 %
Face Value ₹ 1.00

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -2.11%
The company has delivered a poor sales growth of 7.94% over past five years.
Company has a low return on equity of -1.24% over last 3 years.
Promoters have pledged or encumbered 100.0% of their holding.
Debtor days have increased from 50.0 to 61.3 days.
Company's cost of borrowing seems high

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	365	315	304	398	251	269	256	312	264	261	328	291	300
	331	287	304	363	231	250	233	279	239	234	288	259	269
Operating Profit	34	27	1	35	20	19	23	34	25	27	39	33	31
OPM %	9%	9%	0%	9%	8%	7%	9%	11%	10%	10%	12%	11%	10%
	1	1	3	1	1	1	1	1	2	0	0	17	5
Interest	20	21	23	42	21	18	19	19	19	18	18	19	19
Depreciation	6	6	6	6	6	5	5	5	6	6	6	6	7
Profit before tax	8	1	-25	-12	-5	-4	0	10	3	3	16	24	10
Tax %	0%	0%	0%	253%	0%	0%	0%	-95%	0%	0%	0%	80%	0%
	8	1	-25	-43	-5	-4	0	20	3	3	16	5	10
EPS in Rs	0.09	0.01	-0.29	-0.41	-0.05	-0.03	0.00	0.16	0.02	0.02	0.13	0.04	0.08
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,252	1,562	1,658	1,271	922	1,024	781	898	1,099	1,375	1,086	1,144	1,180
	1,124	1,387	1,506	1,197	933	1,000	710	764	993	1,279	989	1,020	1,050
Operating Profit	127	175	152	74	-11	24	71	134	106	97	96	124	130
OPM %	10%	11%	9%	6%	-1%	2%	9%	15%	10%	7%	9%	11%	11%
	7	12	11	-46	-39	-1	-1	77	20	5	4	19	22
Interest	80	128	123	157	136	10	3	26	88	106	78	75	75
Depreciation	15	25	27	30	29	30	27	43	24	24	21	24	25
Profit before tax	39	35	14	-159	-215	-17	39	143	14	-28	1	46	53
Tax %	8%	18%	46%	-1%	-21%	114%	-64%	2%	-704%	108%	-757%	43%
	36	28	7	-157	-170	-37	64	140	116	-59	11	26	34
EPS in Rs	0.69	0.55	0.14	-2.07	-2.24	-0.48	0.85	1.74	1.32	-0.57	0.09	0.21	0.27
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-3%
5 Years:	8%
3 Years:	1%
TTM:	7%

Compounded Profit Growth
10 Years:	-1%
5 Years:	-19%
3 Years:	-37%
TTM:	78%

Stock Price CAGR
10 Years:	9%
5 Years:	21%
3 Years:	-13%
1 Year:	-32%

Return on Equity
10 Years:	-1%
5 Years:	6%
3 Years:	-1%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	52	52	76	76	76	76	76	80	88	104	120	120
Reserves	266	323	288	222	52	15	80	222	403	413	542	586
	399	713	692	982	1,069	1,021	1,014	438	458	359	401	358
	624	774	811	436	337	315	217	249	168	256	205	220
Total Liabilities	1,342	1,863	1,868	1,716	1,533	1,428	1,387	989	1,117	1,132	1,268	1,284
	350	614	591	695	717	691	666	612	596	579	570	613
CWIP	9	46	53	54	5	4	4	6	7	13	50	3
Investments	35	0	0	0	0	0	0	0	0	0	0	0
	948	1,202	1,223	966	811	732	717	371	514	540	648	668
Total Assets	1,342	1,863	1,868	1,716	1,533	1,428	1,387	989	1,117	1,132	1,268	1,284

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	147	91	166	-149	50	60	37	79	5	138	-48	97
	-46	-34	-9	-6	-2	-3	-2	13	9	-14	-49	-15
	-102	-49	-163	151	-49	-58	-10	-116	-1	-120	98	-81
Net Cash Flow	-1	8	-5	-4	-0	-1	25	-23	13	4	1	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	62	72	59	62	39	14	18	22	31	30	59	61
Inventory Days	218	195	190	215	268	257	344	100	98	88	123	126
Days Payable	185	169	153	36	45	59	65	49	33	45	52	58
Cash Conversion Cycle	95	99	96	241	262	212	297	74	95	73	129	129
Working Capital Days	3	15	-4	-56	-172	-159	-191	40	35	15	89	81
ROCE %	17%	18%	13%	4%	-3%	-0%	5%	11%	10%	8%	8%	11%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Jul 2025
	49.79%	50.94%	55.92%	55.92%	55.92%	55.41%	49.57%	52.91%	52.91%	52.91%	52.91%	50.80%
	5.91%	4.52%	4.30%	4.01%	3.87%	1.47%	0.69%	0.69%	0.69%	0.72%	0.42%	0.37%
	0.89%	0.75%	0.66%	0.66%	0.66%	1.26%	1.26%	1.26%	1.26%	1.26%	1.58%	2.58%
	0.35%	0.30%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.25%
	43.06%	43.48%	38.86%	39.13%	39.29%	41.61%	48.23%	44.88%	44.88%	44.86%	44.83%	45.99%
No. of Shareholders	73,439	73,148	79,461	98,470	1,40,783	2,70,147	2,87,055	3,00,122	3,08,537	3,15,124	3,11,058	3,08,267

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jul 2025
	48.32%	47.58%	47.58%	47.58%	44.98%	49.78%	50.94%	55.41%	52.91%	50.80%
	0.00%	0.00%	0.00%	0.00%	4.47%	6.65%	4.52%	1.47%	0.72%	0.37%
	5.14%	5.12%	4.01%	4.04%	5.03%	4.51%	0.75%	1.26%	1.26%	2.58%
	0.41%	0.41%	0.41%	0.41%	0.38%	0.35%	0.30%	0.26%	0.26%	0.25%
	46.14%	46.89%	47.99%	47.97%	45.14%	38.71%	43.48%	41.61%	44.86%	45.99%
No. of Shareholders	1,70,741	59,496	56,540	55,044	48,404	47,136	73,148	2,70,147	3,15,124	3,08,267

* 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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Steel Exchange India Ltd

Steel Exchange India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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