Steel Exchange India Ltd

Steel Exchange Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steel Exchange India Ltd

₹ 13.0 0.38%
29 Mar - close price
seil.co.in BSE: 534748 NSE : STEELXIND
About

Incorporated in 1999, Steel Exchange India Ltd. is engaged in manufacturing and sale of steel and related products and generation of power. [1]

Key Points

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]

Website BSE NSE
  • 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
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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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
201 182 92 210 269 327 263 207 263 367 361 315 304
181 177 92 188 219 283 232 213 210 338 327 287 304
Operating Profit 21 5 -0 22 50 44 30 -6 53 29 34 27 1
OPM % 10% 3% -0% 10% 19% 13% 12% -3% 20% 8% 9% 9% 0%
0 -3 7 2 55 13 1 13 0 7 1 1 3
Interest 1 2 0 0 7 19 17 17 35 19 20 21 23
Depreciation 7 7 6 6 6 6 6 6 6 6 6 6 6
Profit before tax 13 -6 1 18 92 32 8 -16 12 10 8 1 -25
Tax % 0% 393% 0% 0% 0% 8% 0% 0% 0% -973% 0% 0% 0%
Net Profit 13 19 1 18 92 29 8 -16 12 112 8 1 -25
EPS in Rs 0.17 0.25 0.01 0.23 1.22 0.36 0.09 -0.18 0.13 1.28 0.09 0.01 -0.29
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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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jan 2023
47.58 47.58 47.58 44.98 49.78 49.78 49.78 49.78 49.78 49.79 49.79 46.45
0.00 0.00 0.00 4.47 4.27 4.50 5.14 6.65 6.40 6.35 5.91 5.53
4.03 4.02 4.02 5.03 4.59 4.36 4.35 4.51 4.35 0.89 0.89 0.83
0.41 0.41 0.41 0.38 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.33
47.98 47.99 47.99 45.14 41.01 41.01 40.37 38.71 39.12 42.61 43.06 46.86

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2021
    Transcript
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    PPT
  • Feb 2021
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