Steel Exchange India Ltd
Incorporated in 1999, Steel Exchange India Ltd. is engaged in manufacturing and sale of steel and related products and generation of power. [1]
- Market Cap ₹ 1,638 Cr.
- Current Price ₹ 13.8
- High / Low ₹ 18.4 / 7.80
- Stock P/E
- Book Value ₹ 5.06
- Dividend Yield 0.00 %
- ROCE 8.56 %
- ROE -11.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 31.7 days to 17.5 days
Cons
- Stock is trading at 2.73 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.6% over last 3 years.
- Promoters have pledged 65.4% of their holding.
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,687 | 979 | 1,252 | 1,562 | 1,658 | 1,271 | 922 | 1,024 | 781 | 898 | 1,099 | 1,375 | 1,175 | |
1,539 | 883 | 1,124 | 1,387 | 1,506 | 1,197 | 933 | 1,000 | 710 | 764 | 993 | 1,279 | 1,077 | |
Operating Profit | 148 | 96 | 127 | 175 | 152 | 74 | -11 | 24 | 71 | 134 | 106 | 97 | 98 |
OPM % | 9% | 10% | 10% | 11% | 9% | 6% | -1% | 2% | 9% | 15% | 10% | 7% | 8% |
14 | 20 | 7 | 12 | 11 | -46 | -39 | -1 | -1 | 77 | 20 | 5 | 4 | |
Interest | 108 | 63 | 80 | 128 | 123 | 157 | 136 | 10 | 3 | 26 | 88 | 106 | 100 |
Depreciation | 17 | 12 | 15 | 25 | 27 | 30 | 29 | 30 | 27 | 43 | 24 | 24 | 22 |
Profit before tax | 38 | 40 | 39 | 35 | 14 | -159 | -215 | -17 | 39 | 143 | 14 | -28 | -21 |
Tax % | 29% | -32% | 8% | 18% | 46% | 1% | 21% | -114% | -64% | 2% | -704% | -108% | |
27 | 53 | 36 | 28 | 7 | -157 | -170 | -37 | 64 | 140 | 116 | -59 | -51 | |
EPS in Rs | 0.52 | 1.03 | 0.69 | 0.55 | 0.14 | -2.07 | -2.24 | -0.48 | 0.85 | 1.74 | 1.32 | -0.57 | -0.49 |
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: | 21% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | % |
TTM: | -153% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 53% |
3 Years: | 35% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | -12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Jun 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 | 52 | 52 | 52 | 52 | 76 | 76 | 76 | 76 | 76 | 80 | 88 | 104 | 119 |
Reserves | 177 | 230 | 266 | 323 | 288 | 222 | 52 | 15 | 80 | 222 | 392 | 403 | 482 |
Preference Capital | 0 | 0 | 0 | 0 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
424 | 421 | 399 | 713 | 673 | 982 | 1,069 | 1,021 | 1,014 | 438 | 458 | 359 | 285 | |
524 | 514 | 624 | 774 | 830 | 436 | 337 | 315 | 217 | 249 | 178 | 266 | 297 | |
Total Liabilities | 1,177 | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,182 |
328 | 325 | 350 | 614 | 591 | 695 | 717 | 691 | 666 | 612 | 596 | 579 | 569 | |
CWIP | 2 | 4 | 9 | 46 | 53 | 54 | 5 | 4 | 4 | 6 | 7 | 13 | 14 |
Investments | 35 | 35 | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
812 | 854 | 948 | 1,202 | 1,223 | 966 | 811 | 732 | 717 | 371 | 514 | 540 | 599 | |
Total Assets | 1,177 | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,182 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
201 | 77 | 147 | 91 | 166 | -149 | 50 | 60 | 37 | 79 | 5 | 138 | |
-186 | -10 | -46 | -34 | -9 | -6 | -2 | -3 | -2 | 13 | 9 | -14 | |
-18 | -66 | -102 | -49 | -163 | 151 | -49 | -58 | -10 | -116 | -1 | -120 | |
Net Cash Flow | -4 | 1 | -1 | 8 | -5 | -4 | -0 | -1 | 25 | -23 | 13 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Jun 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 | 57 | 97 | 62 | 72 | 59 | 62 | 39 | 14 | 18 | 22 | 31 | 30 |
Inventory Days | 99 | 196 | 218 | 195 | 190 | 215 | 268 | 257 | 344 | 100 | 98 | 88 |
Days Payable | 121 | 196 | 185 | 169 | 153 | 36 | 45 | 59 | 65 | 49 | 33 | 45 |
Cash Conversion Cycle | 34 | 97 | 95 | 99 | 96 | 241 | 262 | 212 | 297 | 74 | 95 | 73 |
Working Capital Days | 40 | 94 | 74 | 88 | 70 | 143 | 135 | 107 | 155 | 40 | 38 | 18 |
ROCE % | 25% | 17% | 18% | 13% | 4% | -3% | -0% | 5% | 11% | 11% | 9% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Allotment
16h - The Board of the Company, vide circular Resolution dated 28th March, 2024, Allotted 1,10,00,000 Equity Shares to Non-Promoter Group.
- Closure of Trading Window 1d
-
Announcement under Regulation 30 (LODR)-Demise
24 Mar - Company regrets to inform you of the sudden demise of Shri A Suresh Babu, CFO of the Company in the late hours of 23rd March, …
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 12 Mar
- Shareholder Meeting / Postal Ballot-Outcome of EGM 11 Mar
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
History
Steel Exchange India Ltd was incorporated in 1999 as Pyxis Technology Solutions Ltd. In December 1999 the Steel Exchange India Ltd was incorporated as a 100 percent subsidiary of Pyxis Technologies. The promoters ventured into steel manufacturing by acquiring Simhadri Steels in 2004. Under a Scheme of Amalgamation approved by the Members of the Companies, SEIL(subsidiary) and Simhadri Steels were merged with Pyxis Technologies under the name of Steel Exchange India Ltd. Simhadri Power Ltd was later merged to Steel Exchange India Ltd In the Year 2014. [1]