Uttam Galva Steels Ltd

₹ 3.45 4.55%

17 Oct 2022

uttamgalva.com BSE: 513216 NSE - BE : UTTAMSTL

About

Uttam Galva Steels Ltd has been promoted by Miglani Family since the year 1985. In FY10, ArcelorMittal joined as a co-promoter and later sold their entire stake in 2018, thus resulting in the termination of the Co-Promotion Agreement. It is situated at Khopoli, Mumbai, the Western part of India. ^[1]

Key Points

Product Portfolio
It is in the business of manufacturing intermediate steel products i.e Cold Rolled Steel (CR) and Galvanised Products comprising Galvanised Plain (GP), Galvanised Corrugated (GC) and Colour Coated Products (CCP) Coils and Sheets. The Cold Rolled Steel(CR) not used for galvanizing is converted to value-added grades in Cold Rolled Closed Annealed (CRCA) Coils, Cut to Length (CTL) Sheets and also sold as Full Hard CR in Domestic and Overseas markets. ^[1]

Website BSE NSE - BE

Market Cap ₹ 49.1 Cr.
Current Price ₹ 3.45
High / Low ₹ /
Stock P/E
Book Value ₹ -299
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Debtor days have improved from 70.6 to 44.3 days.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -30.8% over past five years.
Promoter holding is low: 2.97%
Contingent liabilities of Rs.663 Cr.
Earnings include an other income of Rs.63.4 Cr.
Promoter holding has decreased over last 3 years: -57.7%

* 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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Detailed Comparison with:

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
	140	150	119	88	189	185	192	196	216	216	212	238	234
	151	159	147	106	173	186	207	215	238	222	221	245	249
Operating Profit	-11	-9	-28	-17	16	-1	-14	-19	-22	-6	-10	-6	-15
OPM %	-8%	-6%	-24%	-20%	8%	-1%	-8%	-10%	-10%	-3%	-5%	-3%	-7%
	-154	-154	-227	-40	6	5	4	3	-9	5	41	13	5
Interest	108	51	219	44	-57	-22	-0	0	0	0	-0	0	0
Depreciation	62	62	62	58	59	59	58	58	58	58	57	57	58
Profit before tax	-335	-277	-536	-160	19	-33	-68	-74	-90	-60	-26	-51	-68
Tax %	0%	0%	0%	0%	0%	18%	0%	-7%	0%	0%	0%	0%	0%
	-335	-277	-536	-160	19	-27	-69	-79	-90	-59	-28	-50	-68
EPS in Rs	-23.57	-19.46	-37.68	-11.21	1.36	-1.88	-4.83	-5.56	-6.33	-4.17	-1.94	-3.54	-4.78
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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
	5,041	5,647	6,271	5,440	8,433	8,295	5,270	3,418	757	521	654	840	900
	4,592	5,128	5,671	4,913	7,914	8,335	5,046	3,456	823	568	671	897	938
Operating Profit	449	520	600	527	518	-39	225	-37	-66	-46	-17	-57	-37
OPM %	9%	9%	10%	10%	6%	-0%	4%	-1%	-9%	-9%	-3%	-7%	-4%
	4	7	43	69	31	-616	64	69	-889	-733	-25	39	63
Interest	218	262	331	304	279	517	621	654	938	391	-35	0	0
Depreciation	121	129	184	216	225	283	286	258	253	248	234	231	231
Profit before tax	114	136	129	76	45	-1,455	-619	-881	-2,146	-1,418	-241	-250	-204
Tax %	33%	46%	58%	61%	56%	28%	29%	0%	0%	0%	2%	-2%
	77	73	55	30	20	-1,051	-437	-881	-2,146	-1,414	-236	-256	-205
EPS in Rs	6.27	5.98	3.85	2.09	1.39	-73.91	-30.74	-61.93	-150.82	-99.41	-16.55	-18.00	-14.43
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-17%
5 Years:	-31%
3 Years:	4%
TTM:	14%

Compounded Profit Growth
10 Years:	%
5 Years:	8%
3 Years:	22%
TTM:	14%

Stock Price CAGR
10 Years:	-26%
5 Years:	-20%
3 Years:	-21%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

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
Equity Capital	122	122	142	142	142	142	142	142	142	142	142	142
Reserves	829	884	1,097	1,122	1,787	1,087	671	-213	-2,340	-3,744	-3,953	-4,273
	2,271	2,790	3,046	3,573	3,750	4,166	5,981	6,007	7,441	7,627	7,580	62
	2,186	2,166	2,716	3,200	4,008	5,052	3,491	2,302	1,783	1,962	1,964	9,923
Total Liabilities	5,408	5,963	7,001	8,037	9,688	10,447	10,285	8,238	7,027	5,988	5,734	5,855
	1,829	2,907	3,225	4,014	4,707	5,680	5,458	5,197	4,939	4,691	4,458	4,227
CWIP	967	379	548	695	799	152	154	156	118	102	102	102
Investments	4	6	6	5	4	9	6	6	6	4	4	3
	2,608	2,671	3,222	3,324	4,178	4,607	4,668	2,880	1,964	1,190	1,170	1,524
Total Assets	5,408	5,963	7,001	8,037	9,688	10,447	10,285	8,238	7,027	5,988	5,734	5,855

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
	540	646	1,172	826	384	1,206	348	215	200	295	-69	-12
	-399	-472	-471	-962	-441	-298	-35	0	5	0	0	1
	-233	-50	-595	-26	88	-974	-351	-233	-223	-297	82	-2
Net Cash Flow	-92	124	107	-163	31	-67	-38	-17	-18	-1	13	-13

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	52	41	45	66	80	81	109	21	76	94	74	44
Inventory Days	121	87	75	69	69	46	90	50	308	815	508	344
Days Payable	141	96	128	202	165	206	194	6	43	106	53	53
Cash Conversion Cycle	33	32	-8	-68	-16	-78	4	65	340	803	529	336
Working Capital Days	18	18	-2	3	-3	-109	-108	-261	-28	-330	-3,973	-3,119
ROCE %	10%	11%	11%	8%	6%	-4%	0%	-4%	-5%	-6%	-6%

Shareholding Pattern

Numbers in percentages

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	60.69%	60.69%	60.69%	60.69%	60.69%	60.69%	19.68%	16.25%	16.25%	12.25%	2.97%	2.97%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.08%	0.08%	0.08%	0.08%
	0.16%	0.12%	0.12%	0.12%	0.12%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	39.07%	39.11%	39.11%	39.11%	39.11%	39.20%	80.20%	83.63%	83.64%	87.64%	96.92%	96.93%
No. of Shareholders	36,703	36,359	37,467	38,087	37,834	38,398	45,846	56,541	62,354	70,503	74,971	74,760

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	60.87%	60.87%	60.87%	60.69%	60.69%	12.25%	2.97%
	27.18%	8.15%	0.09%	0.09%	0.09%	0.08%	0.08%
	0.15%	0.12%	0.12%	0.12%	0.03%	0.03%	0.03%
	11.80%	30.86%	38.92%	39.11%	39.20%	87.64%	96.93%
No. of Shareholders	31,656	37,832	37,872	36,359	38,398	70,503	74,760

* 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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Uttam Galva Steels Ltd

Uttam Galva Steels Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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