Steel Exchange India Ltd

  • Market Cap: 200.60 Cr.
  • Current Price: 26.40
  • 52 weeks High / Low 29.70 / 9.06
  • Book Value: 16.30
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: -0.62 %
  • ROE: -33.43 %
  • Sales Growth (3Yrs): -14.85 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Company has reduced debt.
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of -3.93% over past five years.
Company has a low return on equity of -39.66% for last 3 years.
Contingent liabilities of Rs.66.88 Cr.
Company might be capitalizing the interest cost
Promoters have pledged 33.40% of their holding.

Peer Comparison Sector: Trading // Industry: Trading

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
225.50 292.25 120.94 181.05 284.75 335.35 253.38 231.79 290.66 248.11 224.17 173.11
206.32 280.46 123.51 177.55 275.88 356.10 228.42 224.52 263.56 290.36 193.18 158.97
Operating Profit 19.18 11.79 -2.57 3.50 8.87 -20.75 24.96 7.27 27.10 -42.25 30.99 14.14
OPM % 8.51% 4.03% -2.13% 1.93% 3.12% -6.19% 9.85% 3.14% 9.32% -17.03% 13.82% 8.17%
Other Income 3.63 -51.72 0.62 2.63 1.69 -44.16 0.39 2.00 0.16 2.78 0.34 1.06
Interest 33.86 46.62 39.50 46.62 46.46 2.94 0.34 0.08 0.45 9.09 0.18 0.01
Depreciation 7.37 7.31 7.05 7.34 7.43 7.19 7.36 7.38 7.35 7.53 6.96 6.88
Profit before tax -18.42 -93.86 -48.50 -47.83 -43.33 -75.04 17.65 1.81 19.46 -56.09 24.19 8.31
Tax % -0.00% 1.80% -0.00% -0.00% -0.00% 59.38% 0.00% 0.00% 0.00% -34.78% 0.00% 0.00%
Net Profit -18.42 -92.18 -48.50 -47.83 -43.33 -30.48 17.65 1.81 19.46 -75.60 24.19 8.31
EPS in Rs -2.42 -2.42 -6.38 -6.29 -5.70 -4.01 2.32 0.24 2.56 -9.95 3.18 1.09
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
607.54 679.57 691.73 1,149.34 1,687.49 978.55 1,251.51 1,561.99 1,658.42 1,270.95 922.09 1,023.94 936.05
572.64 658.66 664.47 1,067.25 1,539.06 882.87 1,124.24 1,386.84 1,506.40 1,196.82 933.05 1,006.83 906.07
Operating Profit 34.90 20.91 27.26 82.09 148.43 95.68 127.27 175.15 152.02 74.13 -10.96 17.11 29.98
OPM % 5.74% 3.08% 3.94% 7.14% 8.80% 9.78% 10.17% 11.21% 9.17% 5.83% -1.19% 1.67% 3.20%
Other Income 5.49 15.12 19.29 4.32 14.35 19.51 7.28 12.26 10.93 -45.78 -39.22 5.31 4.34
Interest 15.07 25.25 31.59 47.92 107.81 63.09 80.44 127.63 122.73 157.44 135.52 9.97 9.73
Depreciation 2.86 2.83 3.18 11.14 17.16 11.76 15.01 25.02 26.54 29.76 29.00 29.62 28.72
Profit before tax 22.46 7.95 11.78 27.35 37.81 40.34 39.10 34.76 13.68 -158.85 -214.70 -17.17 -4.13
Tax % 32.15% 39.75% 57.89% 37.84% 28.93% -32.08% 8.36% 18.15% 45.91% 1.06% 20.75% -113.63%
Net Profit 15.24 4.79 4.96 17.00 26.87 53.29 35.82 28.46 7.39 -157.16 -170.13 -36.68 -23.64
EPS in Rs 7.40 1.27 1.25 3.95 4.13 13.68 6.90 5.48 0.97 0.00 0.00 0.00 -3.12
Dividend Payout % 13.15% 68.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.00% -0.00% -0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:4.18%
5 Years:-3.93%
3 Years:-14.85%
TTM:-15.31%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-249.70%
Stock Price CAGR
10 Years:%
5 Years:-9.73%
3 Years:-31.83%
1 Year:112.90%
Return on Equity
10 Years:%
5 Years:-16.91%
3 Years:-39.66%
Last Year:-33.43%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
20.59 33.46 39.85 43.40 51.95 51.95 51.95 51.95 94.59 75.98 75.98 75.98 75.98
Reserves 43.35 72.76 91.54 118.06 170.93 224.22 260.04 280.77 288.16 222.27 52.14 15.35 47.85
Borrowings 80.35 161.84 235.00 339.68 423.70 421.27 399.46 713.39 673.46 982.20 1,068.63 1,020.91 849.52
147.93 214.71 213.31 353.71 530.43 519.96 630.44 816.56 829.97 437.63 381.22 315.27 435.36
Total Liabilities 291.67 482.22 579.15 854.30 1,177.01 1,217.40 1,341.89 1,862.67 1,867.57 1,718.08 1,577.97 1,427.51 1,408.71
47.80 51.40 132.70 182.67 327.53 324.73 349.91 614.09 591.22 695.17 717.25 690.71 678.49
CWIP 9.68 31.39 18.36 9.70 2.47 3.58 9.06 46.49 52.99 54.39 4.87 4.50 4.46
Investments 0.00 0.00 0.00 16.69 35.29 35.29 35.29 0.00 0.25 0.28 0.30 0.31 0.00
234.19 399.43 428.09 645.24 811.72 853.80 947.63 1,202.09 1,223.11 968.24 855.55 731.99 725.76
Total Assets 291.67 482.22 579.15 854.30 1,177.01 1,217.40 1,341.89 1,862.67 1,867.57 1,718.08 1,577.97 1,427.51 1,408.71

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
13.36 -68.44 28.50 -56.78 200.56 76.89 147.12 90.69 165.99 -148.72 50.40 59.86
-20.57 -28.22 -71.01 -71.41 -186.44 -10.06 -45.67 -34.20 -8.58 -6.32 -1.57 -2.74
7.30 99.77 51.66 107.30 -18.41 -65.52 -102.25 -48.51 -162.66 151.30 -49.09 -57.68
Net Cash Flow 0.09 3.11 9.15 -20.89 -4.29 1.31 -0.80 7.98 -5.25 -3.74 -0.26 -0.56

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 29.37% 16.09% 13.09% 17.36% 25.24% 16.97% 18.48% 12.98% 4.45% -2.55% -0.62%
Debtor Days 37.13 59.47 49.27 53.95 56.85 97.48 62.11 72.16 58.67 61.81 38.75 13.91
Inventory Turnover 6.88 6.74 6.12 7.00 6.04 2.49 2.47 2.37 1.88 1.52 1.75