Steel Exchange India Ltd
Incorporated in 1999, Steel Exchange India Ltd manufactures and sells steel and related products and power generation[1]
- Market Cap ₹ 1,374 Cr.
- Current Price ₹ 11.2
- High / Low ₹ 18.4 / 9.52
- Stock P/E 54.4
- Book Value ₹ 5.61
- Dividend Yield 0.00 %
- ROCE 8.16 %
- ROE 1.85 %
- Face Value ₹ 1.00
Pros
- Promoter holding has increased by 3.33% over last quarter.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.18% over past five years.
- Company has a low return on equity of 3.64% over last 3 years.
- Promoters have pledged 86.0% of their holding.
- Debtor days have increased from 39.7 to 58.7 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 61.8 days to 103 days
* 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 Allcap BSE SmallCap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 9m | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
979 | 1,252 | 1,562 | 1,658 | 1,271 | 922 | 1,024 | 781 | 898 | 1,099 | 1,375 | 1,086 | 1,093 | |
883 | 1,124 | 1,387 | 1,506 | 1,197 | 933 | 1,000 | 710 | 764 | 993 | 1,279 | 989 | 985 | |
Operating Profit | 96 | 127 | 175 | 152 | 74 | -11 | 24 | 71 | 134 | 106 | 97 | 96 | 108 |
OPM % | 10% | 10% | 11% | 9% | 6% | -1% | 2% | 9% | 15% | 10% | 7% | 9% | 10% |
20 | 7 | 12 | 11 | -46 | -39 | -1 | -1 | 77 | 20 | 5 | 4 | 6 | |
Interest | 63 | 80 | 128 | 123 | 157 | 136 | 10 | 3 | 26 | 88 | 106 | 78 | 76 |
Depreciation | 12 | 15 | 25 | 27 | 30 | 29 | 30 | 27 | 43 | 24 | 24 | 21 | 22 |
Profit before tax | 40 | 39 | 35 | 14 | -159 | -215 | -17 | 39 | 143 | 14 | -28 | 1 | 16 |
Tax % | -32% | 8% | 18% | 46% | -1% | -21% | 114% | -64% | 2% | -704% | 108% | -757% | |
53 | 36 | 28 | 7 | -157 | -170 | -37 | 64 | 140 | 116 | -59 | 11 | 25 | |
EPS in Rs | 1.03 | 0.69 | 0.55 | 0.14 | -2.07 | -2.24 | -0.48 | 0.85 | 1.74 | 1.32 | -0.57 | 0.09 | 0.20 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | 1% |
3 Years: | 7% |
TTM: | -11% |
Compounded Profit Growth | |
---|---|
10 Years: | -11% |
5 Years: | 18% |
3 Years: | -47% |
TTM: | 133% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 45% |
3 Years: | -1% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 11% |
3 Years: | 4% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 52 | 52 | 52 | 76 | 76 | 76 | 76 | 76 | 80 | 88 | 104 | 120 | 120 |
Reserves | 230 | 266 | 323 | 288 | 222 | 52 | 15 | 80 | 222 | 403 | 413 | 542 | 552 |
421 | 399 | 713 | 692 | 982 | 1,069 | 1,021 | 1,014 | 438 | 458 | 359 | 401 | 381 | |
514 | 624 | 774 | 811 | 436 | 337 | 315 | 217 | 249 | 168 | 256 | 205 | 244 | |
Total Liabilities | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,268 | 1,297 |
325 | 350 | 614 | 591 | 695 | 717 | 691 | 666 | 612 | 596 | 579 | 570 | 557 | |
CWIP | 4 | 9 | 46 | 53 | 54 | 5 | 4 | 4 | 6 | 7 | 13 | 50 | 89 |
Investments | 35 | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
854 | 948 | 1,202 | 1,223 | 966 | 811 | 732 | 717 | 371 | 514 | 540 | 648 | 651 | |
Total Assets | 1,217 | 1,342 | 1,863 | 1,868 | 1,716 | 1,533 | 1,428 | 1,387 | 989 | 1,117 | 1,132 | 1,268 | 1,297 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
77 | 147 | 91 | 166 | -149 | 50 | 60 | 37 | 79 | 5 | 138 | -48 | |
-10 | -46 | -34 | -9 | -6 | -2 | -3 | -2 | 13 | 9 | -14 | -49 | |
-66 | -102 | -49 | -163 | 151 | -49 | -58 | -10 | -116 | -1 | -120 | 98 | |
Net Cash Flow | 1 | -1 | 8 | -5 | -4 | -0 | -1 | 25 | -23 | 13 | 4 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 62 | 72 | 59 | 62 | 39 | 14 | 18 | 22 | 31 | 30 | 59 |
Inventory Days | 196 | 218 | 195 | 190 | 215 | 268 | 257 | 344 | 100 | 98 | 88 | 123 |
Days Payable | 196 | 185 | 169 | 153 | 36 | 45 | 59 | 65 | 49 | 33 | 45 | 52 |
Cash Conversion Cycle | 97 | 95 | 99 | 96 | 241 | 262 | 212 | 297 | 74 | 95 | 73 | 129 |
Working Capital Days | 94 | 74 | 88 | 70 | 143 | 135 | 107 | 155 | 40 | 38 | 44 | 103 |
ROCE % | 17% | 18% | 13% | 4% | -3% | -0% | 5% | 11% | 10% | 8% | 8% |
Documents
Announcements
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Board Meeting Intimation for Fund Raising And Other Business Matters
1d - Board meeting to consider fund raising and EGM.
-
Closure of Trading Window
1d - Closure of trading window from December 12, 2024.
-
Intimation For Update On Pledge Of Promoter Group Shares
4 Dec - Cancellation of pledge on promoter group shares.
-
Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
4 Dec - Revised disclosure under SEBI regulations regarding promoter shares.
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 30 Nov
Annual reports
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Financial Year 2024
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Financial Year 2023
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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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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.