Sunflag Iron & Steel Company Ltd

₹ 98.1 6.34%
05 Dec 3:49 p.m.
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, and Bright Bars etc. of varied shape and size range. These products are mainly used for manufacturing Automotive Transmission Gears, Drive Shafts, Steering System, Bearings, Exhaust System and other Engine Components. [1]

  • Market Cap 1,768 Cr.
  • Current Price 98.1
  • High / Low 137 / 57.1
  • Stock P/E 8.53
  • Book Value 153
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 13.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.60 times its book value
  • Company has delivered good profit growth of 27.2% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.6% over last 3 years.
  • Earnings include an other income of Rs.1,197 Cr.

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
449 419 418 198 489 648 555 667 686 696 649 897 886
404 370 366 192 427 568 450 553 568 609 570 827 723
Operating Profit 45 50 51 7 62 80 105 115 117 88 79 70 162
OPM % 10% 12% 12% 3% 13% 12% 19% 17% 17% 13% 12% 8% 18%
3 4 1 1 3 3 2 1 1 1 1 1,194 1
Interest 10 11 10 6 9 7 6 6 10 14 12 15 17
Depreciation 10 12 14 17 17 17 19 19 19 19 20 20 20
Profit before tax 28 31 28 -15 39 59 82 91 90 56 48 1,229 126
Tax % 24% 24% -55% 0% 25% 21% 3% 25% 27% 25% 15% 25% 25%
Net Profit 21 23 44 -16 29 47 80 68 65 43 41 921 95
EPS in Rs 1.16 1.29 2.44 -0.87 1.63 2.60 4.45 3.78 3.63 2.36 2.26 51.10 5.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,456 1,513 1,521 1,470 1,640 1,524 1,456 2,018 2,186 1,758 1,892 2,698 3,127
1,293 1,393 1,402 1,323 1,471 1,346 1,311 1,782 1,949 1,588 1,638 2,300 2,729
Operating Profit 162 120 118 147 169 178 145 237 237 170 254 398 398
OPM % 11% 8% 8% 10% 10% 12% 10% 12% 11% 10% 13% 15% 13%
6 5 8 5 5 9 8 17 11 11 11 5 1,197
Interest 38 53 82 73 71 65 35 35 39 41 29 42 57
Depreciation 40 42 56 61 51 36 33 34 38 46 70 76 78
Profit before tax 91 30 -12 18 52 86 85 184 172 94 166 285 1,459
Tax % 22% 36% 0% -18% 53% 35% 23% 30% 36% 2% 15% 24%
Net Profit 71 19 -12 22 24 56 65 129 110 92 141 217 1,099
EPS in Rs 4.35 1.19 -0.77 1.34 1.35 3.12 3.62 7.14 6.12 5.11 7.80 12.04 61.00
Dividend Payout % 12% 0% 0% 0% 0% 0% 0% 7% 8% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 13%
3 Years: 7%
TTM: 22%
Compounded Profit Growth
10 Years: 27%
5 Years: 27%
3 Years: 25%
TTM: -20%
Stock Price CAGR
10 Years: 15%
5 Years: 5%
3 Years: 47%
1 Year: 31%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 11%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
162 162 167 167 185 180 180 180 180 180 180 180 180
Reserves 312 332 319 341 403 463 529 657 760 1,205 1,353 1,569 2,585
440 608 506 477 421 250 330 341 352 387 268 587 578
263 332 377 330 333 355 342 389 477 637 588 751 939
Total Liabilities 1,177 1,434 1,368 1,314 1,342 1,248 1,381 1,566 1,769 2,409 2,389 3,087 4,282
345 419 620 586 572 543 513 515 537 1,147 1,190 1,252 1,218
CWIP 213 261 58 37 29 26 69 130 202 233 173 373 450
Investments 0 0 4 4 4 7 9 9 12 11 16 17 1,243
619 754 686 686 736 671 791 913 1,019 1,019 1,011 1,445 1,371
Total Assets 1,177 1,434 1,368 1,314 1,342 1,248 1,381 1,566 1,769 2,409 2,389 3,087 4,282

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
127 73 239 107 78 236 -18 117 177 209 223 43
-184 -164 -54 -7 -4 -13 -33 -97 -141 -125 -60 -335
61 108 -185 -103 -71 -213 60 -41 -39 -79 -151 289
Net Cash Flow 4 17 -0 -3 3 10 10 -20 -3 5 12 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 35 36 37 52 42 53 62 55 48 46 41 37
Inventory Days 112 138 124 130 140 129 166 130 147 190 164 186
Days Payable 21 68 91 82 70 64 59 57 71 106 80 101
Cash Conversion Cycle 127 107 70 100 112 118 169 128 124 130 124 123
Working Capital Days 83 82 59 71 74 65 110 91 90 90 92 100
ROCE % 15% 8% 7% 9% 12% 16% 12% 20% 17% 9% 11% 16%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
50.05 50.57 50.57 51.16 51.16 51.16 51.16 51.16 51.16 51.16 51.16 51.16
0.02 0.02 0.02 0.03 0.06 0.05 0.42 0.34 0.38 0.22 0.43 0.33
0.11 0.12 0.12 0.04 0.04 0.04 0.05 0.04 0.04 0.04 0.04 0.04
49.82 49.29 49.30 48.77 48.74 48.75 48.38 48.46 48.42 48.58 48.37 48.47

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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