Sunflag Iron & Steel Company Ltd

₹ 257 -1.06%

12 Dec 4:00 p.m.

sunflagsteel.com BSE: 500404 NSE: SUNFLAG

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
Products include rolled products, billet/bloom, ingots, bright Bars, etc. of varied shapes and size ranges. It is a reputed supplier of flat bars, round bars, bright bars, and wire rods for alloy, spring, ball-bearing, and stainless steel. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 4,631 Cr.
Current Price ₹ 257
High / Low ₹ 275 / 175
Stock P/E 31.4
Book Value ₹ 385
Dividend Yield 0.00 %
ROCE 5.69 %
ROE 3.37 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.67 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

Part of Nifty Total Market BSE SmallCap BSE Commodities Nifty Microcap 250 BSE Allcap

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	686	696	649	897	886	869	837	784	858	854	919	895	866
	568	609	570	827	723	753	740	704	759	757	820	815	767
Operating Profit	117	88	79	70	162	117	97	80	99	97	99	80	99
OPM %	17%	13%	12%	8%	18%	13%	12%	10%	12%	11%	11%	9%	11%
	1	1	1	1,194	1	3	2	2	1	1	2	3	8
Interest	10	14	12	15	17	22	27	24	23	26	24	21	25
Depreciation	19	19	20	20	20	20	21	26	26	26	26	26	26
Profit before tax	90	56	48	1,229	126	78	50	33	51	47	51	35	56
Tax %	27%	25%	15%	25%	25%	24%	21%	23%	25%	23%	17%	21%	26%
	65	43	41	921	95	60	40	26	39	36	43	28	41
EPS in Rs	3.63	2.36	2.26	51.10	5.28	3.31	2.20	1.43	2.15	2.00	2.38	1.55	2.26
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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	3,533
	1,402	1,323	1,471	1,346	1,311	1,782	1,949	1,588	1,638	2,300	3,043	3,040	3,159
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	14
Interest	82	73	71	65	35	35	39	41	29	42	81	97	97
Depreciation	56	61	51	36	33	34	38	46	70	76	81	103	104
Profit before tax	-12	18	52	86	85	184	172	94	166	285	1,485	183	188
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	148
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	8.19
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:	6%

Compounded Profit Growth
10 Years:	21%
5 Years:	5%
3 Years:	1%
TTM:	-10%

Stock Price CAGR
10 Years:	25%
5 Years:	55%
3 Years:	51%
1 Year:	27%

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	Sep 2024
Equity Capital	167	167	185	180	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	6,757
	506	477	421	250	330	341	352	387	268	587	609	727	603
	377	330	333	355	342	389	477	637	588	755	991	1,132	1,424
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	8,965
	620	586	572	543	513	515	537	1,147	1,190	1,252	1,591	1,525	1,474
CWIP	58	37	29	26	69	130	202	233	173	373	193	281	307
Investments	4	4	4	7	9	9	12	11	16	17	1,726	3,642	5,721
	686	686	736	671	791	913	1,019	1,019	1,011	1,449	1,432	1,574	1,464
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	8,965

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

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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%
	0.38%	0.22%	0.43%	0.33%	0.31%	0.88%	0.73%	0.96%	0.93%	0.80%	0.86%	0.89%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.05%	0.04%	0.08%	0.10%	0.10%	0.12%
	48.42%	48.58%	48.37%	48.47%	48.50%	47.92%	48.07%	47.84%	47.83%	47.95%	47.87%	47.82%
No. of Shareholders	74,491	72,601	66,081	66,555	63,974	61,232	60,136	66,897	67,612	66,392	65,359	66,811

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	49.06%	49.06%	49.16%	50.57%	51.16%	51.16%	51.16%	51.16%	51.16%
	0.00%	0.20%	0.22%	0.02%	0.05%	0.22%	0.88%	0.80%	0.89%
	0.14%	0.36%	0.14%	0.12%	0.04%	0.04%	0.04%	0.10%	0.12%
	50.80%	50.38%	50.47%	49.29%	48.75%	48.58%	47.92%	47.95%	47.82%
No. of Shareholders	68,241	57,039	56,767	54,869	62,072	72,601	61,232	66,392	66,811

* 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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Sunflag Iron & Steel Company Ltd

Sunflag Iron & Steel Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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