Sunflag Iron & Steel Company Ltd

Sunflag Iron & Steel Company Ltd

₹ 212 -7.63%
07 Oct - close price
About

Sunflag Iron & Steel Company Ltd was established in 1984 & is a part of Sunflag Group, company started operations in 1989 as a spring steel producer however, at present the company manufactures mild-steel and alloy steel products of varieties like carbon steel, free & semi free cutting steels,etc. [1]

Key Points

Product Portfolio
The product range of SISCL includes Rolled products, Billet/Bloom, Ingots, Bright Bars, etc. of varied shapes and size ranges. These products are mainly used for manufacturing Automotive Transmission Gears, Drive Shafts, Steering Systems, Bearings, Exhaust Systems, and other Engine Components. [1]

  • Market Cap 3,814 Cr.
  • Current Price 212
  • High / Low 275 / 159
  • Stock P/E 26.2
  • Book Value 287
  • Dividend Yield 0.00 %
  • ROCE 5.69 %
  • ROE 3.37 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.92% over last 3 years.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
667 686 696 649 897 886 869 837 784 858 854 919 895
553 568 609 570 827 723 753 740 704 759 757 820 815
Operating Profit 115 117 88 79 70 162 117 97 80 99 97 99 79
OPM % 17% 17% 13% 12% 8% 18% 13% 12% 10% 12% 11% 11% 9%
1 1 1 1 1,194 1 3 2 2 1 1 2 3
Interest 6 10 14 12 15 17 22 27 24 23 26 24 21
Depreciation 19 19 19 20 20 20 20 21 26 26 26 26 26
Profit before tax 91 90 56 48 1,229 126 78 50 33 51 47 51 35
Tax % 25% 27% 25% 15% 25% 25% 24% 21% 23% 25% 23% 17% 21%
68 65 43 41 921 95 60 40 26 39 36 43 28
EPS in Rs 3.78 3.63 2.36 2.26 51.10 5.28 3.31 2.20 1.43 2.15 2.00 2.38 1.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,521 1,470 1,640 1,524 1,456 2,018 2,186 1,758 1,892 2,698 3,488 3,415 3,526
1,402 1,323 1,471 1,346 1,311 1,782 1,949 1,588 1,638 2,300 3,043 3,040 3,152
Operating Profit 118 147 169 178 145 237 237 170 254 398 446 375 374
OPM % 8% 10% 10% 12% 10% 12% 11% 10% 13% 15% 13% 11% 11%
8 5 5 9 8 17 11 11 11 5 1,201 8 8
Interest 82 73 71 65 35 35 39 41 29 42 81 97 94
Depreciation 56 61 51 36 33 34 38 46 70 76 81 103 103
Profit before tax -12 18 52 86 85 184 172 94 166 285 1,485 183 184
Tax % 0% -18% 53% 35% 23% 30% 36% 2% 15% 24% 25% 22%
-12 22 24 56 65 129 110 92 141 217 1,115 144 146
EPS in Rs -0.77 1.34 1.35 3.12 3.62 7.14 6.12 5.11 7.80 12.04 61.89 7.96 8.08
Dividend Payout % 0% 0% 0% 0% 0% 7% 8% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 22%
TTM: 4%
Compounded Profit Growth
10 Years: 21%
5 Years: 5%
3 Years: 1%
TTM: -34%
Stock Price CAGR
10 Years: 22%
5 Years: 53%
3 Years: 37%
1 Year: 10%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 7%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 167 167 185 180 180 180 180 180 180 180 180 180
Reserves 319 341 403 463 529 657 760 1,205 1,353 1,569 3,162 4,984
506 477 421 250 330 341 352 387 268 587 609 727
377 330 333 355 342 389 477 637 588 755 991 1,132
Total Liabilities 1,368 1,314 1,342 1,248 1,381 1,566 1,769 2,409 2,389 3,091 4,942 7,022
620 586 572 543 513 515 537 1,147 1,190 1,252 1,591 1,525
CWIP 58 37 29 26 69 130 202 233 173 373 193 281
Investments 4 4 4 7 9 9 12 11 16 17 1,726 3,642
686 686 736 671 791 913 1,019 1,019 1,011 1,449 1,432 1,574
Total Assets 1,368 1,314 1,342 1,248 1,381 1,566 1,769 2,409 2,389 3,091 4,942 7,022

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
239 107 78 236 -18 117 177 209 223 43 278 244
-54 -7 -4 -13 -33 -97 -141 -125 -60 -335 -219 -83
-185 -103 -71 -213 60 -41 -39 -79 -151 289 -63 21
Net Cash Flow -0 -3 3 10 10 -20 -3 5 12 -3 -4 182

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 37 52 42 53 62 55 48 46 41 37 33 37
Inventory Days 124 130 140 129 166 130 147 190 164 186 142 137
Days Payable 91 82 70 64 59 57 71 106 80 102 93 87
Cash Conversion Cycle 70 100 112 118 169 128 124 130 124 122 83 88
Working Capital Days 59 71 74 65 110 91 90 90 92 100 58 67
ROCE % 7% 9% 12% 16% 12% 20% 17% 9% 11% 16% 12% 6%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
51.16% 51.16% 51.16% 51.16% 51.16% 51.16% 51.16% 51.16% 51.16% 51.16% 51.16% 51.16%
0.34% 0.38% 0.22% 0.43% 0.33% 0.31% 0.88% 0.73% 0.96% 0.93% 0.80% 0.86%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.05% 0.04% 0.08% 0.10% 0.10%
48.46% 48.42% 48.58% 48.37% 48.47% 48.50% 47.92% 48.07% 47.84% 47.83% 47.95% 47.87%
No. of Shareholders 70,97474,49172,60166,08166,55563,97461,23260,13666,89767,61266,39265,359

* 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.

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