Sunflag Iron & Steel Company Ltd

About [ edit ]

Sunflag Iron & Steel Company is engaged in the business of manufacturing and sale of Special Steel Rolled products.

  • Market Cap 1,417 Cr.
  • Current Price 78.6
  • High / Low 92.8 / 26.0
  • Stock P/E 13.6
  • Book Value 77.6
  • Dividend Yield 0.00 %
  • ROCE 9.09 %
  • ROE 7.92 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.01 times its book value

Cons

  • The company has delivered a poor sales growth of 1.40% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.72% for last 3 years.
  • Dividend payout has been low at 5.06% of profits over last 3 years

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
309 556 611 534 510 486 449 419 417 198 489 648
276 477 537 483 477 461 404 370 367 192 427 569
Operating Profit 33 79 74 51 33 25 45 50 51 7 62 80
OPM % 11% 14% 12% 9% 7% 5% 10% 12% 12% 3% 13% 12%
Other Income 6 3 3 3 3 3 3 4 3 1 3 4
Interest 18 9 10 9 11 11 10 11 11 6 9 7
Depreciation -2 9 9 9 10 10 10 12 14 17 17 17
Profit before tax 22 64 57 35 15 7 28 31 28 -15 39 59
Tax % 37% 37% 36% 36% 32% 42% 24% 24% -55% -0% 25% 21%
Net Profit 14 41 36 23 10 4 21 23 44 -16 29 47
EPS in Rs 0.76 2.25 2.01 1.28 0.58 0.22 1.16 1.29 2.44 -0.87 1.63 2.60

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,034 1,245 1,456 1,513 1,521 1,470 1,640 1,524 1,456 2,018 2,186 1,758 1,754
922 1,056 1,293 1,393 1,402 1,323 1,495 1,346 1,311 1,782 1,949 1,588 1,554
Operating Profit 112 189 162 120 118 147 145 178 145 237 237 170 199
OPM % 11% 15% 11% 8% 8% 10% 9% 12% 10% 12% 11% 10% 11%
Other Income 8 7 6 5 8 5 30 9 8 17 11 13 12
Interest 30 30 38 53 82 73 71 65 35 35 39 43 34
Depreciation 31 38 40 42 56 61 51 36 33 34 38 46 65
Profit before tax 58 128 91 30 -12 18 52 86 85 184 172 94 112
Tax % 25% 26% 22% 36% -0% -18% 53% 35% 23% 30% 36% 2%
Net Profit 44 95 71 19 -12 22 24 56 65 129 110 92 105
EPS in Rs 2.69 5.85 4.35 1.19 -0.77 1.34 1.35 3.12 3.62 7.14 6.12 5.11 5.80
Dividend Payout % 19% 9% 12% -0% -0% -0% -0% -0% -0% 7% 8% -0%
Compounded Sales Growth
10 Years:4%
5 Years:1%
3 Years:6%
TTM:-6%
Compounded Profit Growth
10 Years:-0%
5 Years:30%
3 Years:12%
TTM:79%
Stock Price CAGR
10 Years:11%
5 Years:26%
3 Years:2%
1 Year:176%
Return on Equity
10 Years:9%
5 Years:11%
3 Years:12%
Last Year:8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
162 162 162 162 167 167 185 180 180 180 180 180 180
Reserves 166 251 312 332 319 341 403 463 529 657 760 1,205 1,219
Borrowings 312 333 440 608 506 477 421 250 330 341 352 327 278
194 251 263 332 377 330 333 355 342 389 477 687 707
Total Liabilities 835 998 1,177 1,434 1,368 1,314 1,342 1,248 1,381 1,566 1,769 2,399 2,384
321 371 345 419 620 586 572 543 513 515 537 1,147 1,114
CWIP 93 51 213 261 58 37 29 26 69 130 202 233 243
Investments -0 -0 -0 -0 4 4 4 7 9 9 12 11 10
421 576 619 754 686 686 736 671 791 913 1,019 1,009 1,016
Total Assets 835 998 1,177 1,434 1,368 1,314 1,342 1,248 1,381 1,566 1,769 2,399 2,384

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
79 80 127 73 239 107 78 236 -18 117 177 218
-97 -50 -184 -164 -54 -7 -4 -13 -33 -97 -141 -132
24 -21 61 108 -185 -103 -71 -213 60 -41 -39 -81
Net Cash Flow 6 9 4 17 -0 -3 3 10 10 -20 -3 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 23% 15% 8% 7% 9% 12% 16% 12% 20% 17% 9%
Debtor Days 27 36 35 36 37 52 42 53 62 55 48 44
Inventory Turnover 4.08 4.15 3.94 3.40 3.09 3.29 3.28 2.86 2.79 3.26 3.09 2.15

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
49.06 49.06 49.06 49.16 49.16 49.16 50.05 50.57 50.57 51.16 51.16 51.16
0.32 0.39 0.32 0.22 0.02 0.02 0.02 0.02 0.02 0.03 0.06 0.05
0.37 0.41 0.13 0.14 0.12 0.09 0.11 0.12 0.12 0.04 0.04 0.04
50.25 50.14 50.49 50.47 50.70 50.72 49.82 49.29 49.30 48.77 48.74 48.75

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