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 ₹ 1,237 Cr.
- Current Price ₹ 13.0
- High / Low ₹ 25.9 / 10.9
- Stock P/E 12.9
- Book Value ₹ 5.68
- Dividend Yield 0.00 %
- ROCE 10.5 %
- ROE 26.1 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 24.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.0%
- Company's working capital requirements have reduced from 77.4 days to 38.1 days
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: -3.33%
- The company has delivered a poor sales growth of -2.86% over past five years.
- Promoters have pledged 91.8% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,149 | 1,687 | 979 | 1,252 | 1,562 | 1,658 | 1,271 | 922 | 1,024 | 781 | 898 | 1,099 | 1,346 | |
1,067 | 1,539 | 883 | 1,124 | 1,387 | 1,506 | 1,197 | 933 | 1,000 | 710 | 764 | 993 | 1,256 | |
Operating Profit | 82 | 148 | 96 | 127 | 175 | 152 | 74 | -11 | 24 | 71 | 134 | 106 | 90 |
OPM % | 7% | 9% | 10% | 10% | 11% | 9% | 6% | -1% | 2% | 9% | 15% | 10% | 7% |
4 | 14 | 20 | 7 | 12 | 11 | -46 | -39 | -1 | -1 | 77 | 20 | 11 | |
Interest | 48 | 108 | 63 | 80 | 128 | 123 | 157 | 136 | 10 | 3 | 26 | 88 | 82 |
Depreciation | 11 | 17 | 12 | 15 | 25 | 27 | 30 | 29 | 30 | 27 | 43 | 24 | 24 |
Profit before tax | 27 | 38 | 40 | 39 | 35 | 14 | -159 | -215 | -17 | 39 | 143 | 14 | -6 |
Tax % | 38% | 29% | -32% | 8% | 18% | 46% | 1% | 21% | -114% | -64% | 2% | -704% | |
Net Profit | 17 | 27 | 53 | 36 | 28 | 7 | -157 | -170 | -37 | 64 | 140 | 116 | 96 |
EPS in Rs | 0.40 | 0.52 | 1.03 | 0.69 | 0.55 | 0.14 | -2.07 | -2.24 | -0.48 | 0.85 | 1.74 | 1.32 | 1.09 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | 2% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 68% |
TTM: | 190% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 39% |
3 Years: | 114% |
1 Year: | -45% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 34% |
Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
43 | 52 | 52 | 52 | 52 | 95 | 76 | 76 | 76 | 76 | 80 | 88 | 88 | |
Reserves | 118 | 177 | 230 | 266 | 323 | 288 | 222 | 52 | 15 | 80 | 222 | 392 | 412 |
340 | 424 | 421 | 399 | 713 | 673 | 982 | 1,069 | 1,021 | 1,014 | 438 | 458 | 261 | |
354 | 524 | 514 | 624 | 774 | 830 | 436 | 337 | 315 | 217 | 249 | 178 | 401 | |
Total Liabilities | 854 | 1,177 | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,163 |
183 | 328 | 325 | 350 | 614 | 591 | 695 | 717 | 691 | 666 | 612 | 596 | 586 | |
CWIP | 10 | 2 | 4 | 9 | 46 | 53 | 54 | 5 | 4 | 4 | 6 | 7 | 8 |
Investments | 17 | 35 | 35 | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
645 | 812 | 854 | 948 | 1,202 | 1,223 | 966 | 811 | 732 | 717 | 371 | 514 | 569 | |
Total Assets | 854 | 1,177 | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,163 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-57 | 201 | 77 | 147 | 91 | 166 | -149 | 50 | 60 | 37 | 79 | 4 | |
-71 | -186 | -10 | -46 | -34 | -9 | -6 | -2 | -3 | -2 | 13 | 9 | |
107 | -18 | -66 | -102 | -49 | -163 | 151 | -49 | -58 | -10 | -116 | -1 | |
Net Cash Flow | -21 | -4 | 1 | -1 | 8 | -5 | -4 | -0 | -1 | 25 | -23 | 12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Jun 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 54 | 57 | 97 | 62 | 72 | 59 | 62 | 39 | 14 | 18 | 22 | 31 |
Inventory Days | 81 | 99 | 196 | 218 | 195 | 190 | 215 | 268 | 257 | 344 | 100 | 98 |
Days Payable | 84 | 121 | 196 | 185 | 169 | 153 | 36 | 45 | 59 | 65 | 49 | 33 |
Cash Conversion Cycle | 51 | 34 | 97 | 95 | 99 | 96 | 241 | 262 | 212 | 297 | 74 | 95 |
Working Capital Days | 52 | 40 | 94 | 74 | 88 | 70 | 143 | 135 | 107 | 155 | 40 | 38 |
ROCE % | 17% | 25% | 17% | 18% | 13% | 4% | -3% | -0% | 5% | 11% | 11% |
Documents
Announcements
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 2d
- Compliance-57 (4) : Prior intimation to the beginning of the quarter 23 Mar
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 23 Mar
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 1 Mar
- Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 22 Feb
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]