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 ₹ 1,673 Cr.
- Current Price ₹ 14.1
- 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 2.79 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.52%
- Company has a low return on equity of 10.6% over last 3 years.
- Promoters have pledged 62.4% 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: | 11% |
5 Years: | 52% |
3 Years: | 31% |
1 Year: | -17% |
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
- Board Meeting Intimation for Consider And Approve The Audited Financial Results For The Period Ended March 31, 2024 And Other Business Matters 17h
- Compliance Certificate For The Financial Year Ended March 31, 2024 Under Reg 40(9) & 61(4) Of The SEBI(LODR)Reg, 2015 22 Apr
- Compliance Certificate For The Period Ended March 31, 2024 Under Reg 7(2) & 7(3) Of SEBI(LODR), Reg, 2015 22 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - DP) Regulations, 2018 have been furnished to all the stock exchanges where the shares of the company are listed by our Registrar & Transfer agents …
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 8 Apr
Annual reports
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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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Financial Year 2009
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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]