Steel Exchange India Ltd

  • Market Cap: 219.98 Cr.
  • Current Price: 28.95
  • 52 weeks High / Low 29.70 / 9.06
  • Book Value: 20.46
  • Stock P/E: 2.90
  • 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
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Pros:
Company has reduced debt.
Cons:
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

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
121 181 285 335 253 232 291 248 224 173 201 182
124 178 276 356 228 225 264 290 193 159 181 177
Operating Profit -3 4 9 -21 25 7 27 -42 31 14 21 5
OPM % -2% 2% 3% -6% 10% 3% 9% -17% 14% 8% 10% 3%
Other Income 1 3 2 -44 0 2 0 3 0 1 0 -3
Interest 40 47 46 3 0 0 0 9 0 0 1 2
Depreciation 7 7 7 7 7 7 7 8 7 7 7 7
Profit before tax -48 -48 -43 -75 18 2 19 -56 24 8 13 -6
Tax % -0% -0% -0% 59% 0% 0% 0% -35% 0% 0% 0% 393%
Net Profit -48 -48 -43 -30 18 2 19 -76 24 8 13 19
EPS in Rs -6.38 -6.29 -5.70 -4.01 2.32 0.24 2.56 -9.96 3.18 1.09 1.72 2.47
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
608 680 692 1,149 1,687 979 1,252 1,562 1,658 1,271 922 1,024 781
573 659 664 1,067 1,539 883 1,124 1,387 1,506 1,197 933 1,007 710
Operating Profit 35 21 27 82 148 96 127 175 152 74 -11 17 71
OPM % 6% 3% 4% 7% 9% 10% 10% 11% 9% 6% -1% 2% 9%
Other Income 5 15 19 4 14 20 7 12 11 -46 -39 5 -1
Interest 15 25 32 48 108 63 80 128 123 157 136 10 3
Depreciation 3 3 3 11 17 12 15 25 27 30 29 30 27
Profit before tax 22 8 12 27 38 40 39 35 14 -159 -215 -17 39
Tax % 32% 40% 58% 38% 29% -32% 8% 18% 46% 1% 21% -114%
Net Profit 15 5 5 17 27 53 36 28 7 -157 -170 -37 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 8.46
Dividend Payout % 13% 69% 0% 0% 0% 0% 0% 0% 0% -0% -0% -0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:4.18%
5 Years:-3.93%
3 Years:-14.85%
TTM:-23.74%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:306.60%
Stock Price CAGR
10 Years:%
5 Years:-12.87%
3 Years:-30.16%
1 Year:146.38%
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 Mar 2020
21 33 40 43 52 52 52 52 95 76 76 76 76
Reserves 43 73 92 118 171 224 260 281 288 222 52 15 80
Borrowings 80 162 235 340 424 421 399 713 673 982 1,069 1,021 842
148 215 213 354 530 520 630 817 830 436 337 315 389
Total Liabilities 292 482 579 854 1,177 1,217 1,342 1,863 1,868 1,716 1,533 1,428 1,387
48 51 133 183 328 325 350 614 591 695 717 691 666
CWIP 10 31 18 10 2 4 9 46 53 54 5 4 4
Investments 0 0 0 17 35 35 35 0 0 0 0 0 0
234 399 428 645 812 854 948 1,202 1,223 966 811 732 717
Total Assets 292 482 579 854 1,177 1,217 1,342 1,863 1,868 1,716 1,533 1,428 1,387

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 -68 28 -57 201 77 147 91 166 -149 50 60
-21 -28 -71 -71 -186 -10 -46 -34 -9 -6 -2 -3
7 100 52 107 -18 -66 -102 -49 -163 151 -49 -58
Net Cash Flow 0 3 9 -21 -4 1 -1 8 -5 -4 -0 -1

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% 16% 13% 17% 25% 17% 18% 13% 4% -3% -1%
Debtor Days 37 59 49 54 57 97 62 72 59 62 39 14
Inventory Turnover 6.13 6.10 5.50 5.91 4.93 2.07 2.01 1.97 1.62 1.31 1.45

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
48.77 47.58 47.58 47.58 47.58 47.58 47.58 47.58 47.58 47.58 47.58 47.58
5.22 5.14 5.12 4.48 4.32 4.31 4.01 4.01 4.02 4.25 4.04 4.03
0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41
45.60 46.86 46.89 47.53 47.69 47.70 47.99 47.99 47.99 47.76 47.97 47.98