Steel Exchange India Ltd

Steel Exchange Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steel Exchange India Ltd

₹ 8.33 -0.48%
21 May 4:01 p.m.
seil.co.in BSE: 534748 NSE: STEELXIND
About

Incorporated in 1999, Steel Exchange India Ltd manufactures and sells steel and related products and power generation[1]

Key Points

Business Divisions:
Steel Division (97%) [1][2]
a) Manufacturing:
Company manufactures TMT bars, billets, ingots, sponge iron, and scrap/pig iron. It
sells TMT Rebars under the Brand name - Simhadri TMT.
b) Trading:
The trading division deals with the products manufactured by the Company, RINL (Vizag Steel), and other manufacturers of the products. It has developed the marketing base for the company throughout the coastal region of Andhra Pradesh.

Website BSE NSE
  • Market Cap ₹ 1,021 Cr.
  • Current Price ₹ 8.33
  • High / Low ₹ 15.8 / 7.06
  • Stock P/E 39.4
  • 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.
  • 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 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

Sector: Steel Industry: Steel - Medium / Small

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
366.87 364.85 314.53 304.12 398.22 251.25 269.45 256.32 312.15 263.65 261.06 327.51 291.42
338.25 330.97 287.43 303.58 363.10 230.91 250.41 232.95 278.53 238.86 234.22 288.06 258.63
Operating Profit 28.62 33.88 27.10 0.54 35.12 20.34 19.04 23.37 33.62 24.79 26.84 39.45 32.79
OPM % 7.80% 9.29% 8.62% 0.18% 8.82% 8.10% 7.07% 9.12% 10.77% 9.40% 10.28% 12.05% 11.25%
6.54 0.53 0.55 3.11 0.85 0.91 0.80 1.29 1.08 2.61 0.25 0.27 16.61
Interest 18.64 19.88 20.51 23.27 41.97 20.79 18.35 19.27 19.46 18.89 18.44 17.94 19.27
Depreciation 6.04 6.40 6.09 5.80 6.08 5.89 5.13 5.18 5.10 5.93 5.93 5.92 5.80
Profit before tax 10.48 8.13 1.05 -25.42 -12.08 -5.43 -3.64 0.21 10.14 2.58 2.72 15.86 24.33
Tax % -973.28% 0.00% 0.00% 0.00% 252.73% 0.00% 0.00% 0.00% -94.77% 0.00% 0.00% 0.00% 80.39%
112.48 8.13 1.05 -25.42 -42.61 -5.43 -3.65 0.21 19.75 2.58 2.72 15.86 4.76
EPS in Rs 1.28 0.09 0.01 -0.29 -0.41 -0.05 -0.03 0.00 0.16 0.02 0.02 0.13 0.04
Raw PDF

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
1,252 1,562 1,658 1,271 922 1,024 781 898 1,099 1,375 1,086 1,144
1,124 1,387 1,506 1,197 933 1,000 710 764 993 1,279 989 1,020
Operating Profit 127 175 152 74 -11 24 71 134 106 97 96 124
OPM % 10% 11% 9% 6% -1% 2% 9% 15% 10% 7% 9% 11%
7 12 11 -46 -39 -1 -1 77 20 5 4 19
Interest 80 128 123 157 136 10 3 26 88 106 78 75
Depreciation 15 25 27 30 29 30 27 43 24 24 21 24
Profit before tax 39 35 14 -159 -215 -17 39 143 14 -28 1 46
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
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
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: 5%
Compounded Profit Growth
10 Years: -1%
5 Years: -19%
3 Years: -37%
TTM: 138%
Stock Price CAGR
10 Years: 10%
5 Years: 48%
3 Years: -17%
1 Year: -36%
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 74 88 70 143 135 107 155 40 38 44 103 119
ROCE % 17% 18% 13% 4% -3% -0% 5% 11% 10% 8% 8% 11%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
49.78% 49.79% 49.79% 50.94% 55.92% 55.92% 55.92% 55.41% 49.57% 52.91% 52.91% 52.91%
6.40% 6.35% 5.91% 4.52% 4.30% 4.01% 3.87% 1.47% 0.69% 0.69% 0.69% 0.72%
4.35% 0.89% 0.89% 0.75% 0.66% 0.66% 0.66% 1.26% 1.26% 1.26% 1.26% 1.26%
0.35% 0.35% 0.35% 0.30% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26%
39.12% 42.61% 43.06% 43.48% 38.86% 39.13% 39.29% 41.61% 48.23% 44.88% 44.88% 44.86%
No. of Shareholders 50,40667,10373,43973,14879,46198,4701,40,7832,70,1472,87,0553,00,1223,08,5373,15,124

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2021
    Transcript
    Notes
    PPT
  • Feb 2021
    Transcript
    Notes
    PPT