VISA Chrome Ltd

₹ 34.3 -4.32%

05 Oct 12:25 p.m.

visasteel.com BSE: 532721 NSE: VISACHROME

About

Incorporated in 1996, VISA Steel Ltd does manufacturing of High Carbon Ferro Chrome^[1]

Key Points

Operational Status:^[1]
The company has one operating segment -
Ferro Alloys. It converts chrome ore and other inputs supplied or financed by a related party into high-carbon ferro chrome. It earns a per-tonne conversion fee plus reimbursement of agreed input and service costs. This keeps
the plant operating despite limited working
capital and dependence on related-party
and creditor support.

Website BSE NSE

Market Cap ₹ 500 Cr.
Current Price ₹ 34.3
High / Low ₹ 73.7 / 27.0
Stock P/E
Book Value ₹ -17.0
Dividend Yield 0.00 %
ROCE -5.58 %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Promoter holding has increased by 4.80% over last quarter.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -1.68% over past five years.
Contingent liabilities of Rs.550 Cr.
Promoters have pledged 28.7% of their holding.
Earnings include an other income of Rs.1,095 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

Commodities Metals & Mining Ferrous Metals Ferro & Silica Manganese

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	234.96	189.23	89.63	156.08	134.73	150.62	118.77	162.41	170.98	74.70	144.97	170.98	120.44
	229.81	194.81	94.26	145.91	122.38	142.68	116.23	153.90	153.21	84.44	145.88	164.44	115.37
Operating Profit	5.15	-5.58	-4.63	10.17	12.35	7.94	2.54	8.51	17.77	-9.74	-0.91	6.54	5.07
OPM %	2.19%	-2.95%	-5.17%	6.52%	9.17%	5.27%	2.14%	5.24%	10.39%	-13.04%	-0.63%	3.83%	4.21%
	0.47	0.23	0.36	0.43	0.23	7.74	0.30	-476.70	0.88	4.38	0.17	1,090.09	0.06
Interest	7.75	7.33	7.49	7.34	7.43	7.63	7.88	7.86	7.91	8.38	9.23	7.62	7.93
Depreciation	11.87	11.97	12.61	12.14	12.06	12.21	12.23	12.15	6.41	6.48	6.56	6.43	6.76
Profit before tax	-14.00	-24.65	-24.37	-8.88	-6.91	-4.16	-17.27	-488.20	4.33	-20.22	-16.53	1,082.58	-9.56
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-14.00	-24.65	-24.36	-8.88	-6.91	-4.16	-17.27	-488.20	4.33	-20.22	-16.53	1,082.58	-9.56
EPS in Rs	-1.21	-2.13	-2.10	-0.77	-0.60	-0.36	-1.49	-42.16	0.37	-1.75	-1.28	83.73	-0.74
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	446	1,011	1,397	859	805	348	611	792	572	670	566	562	511
	440	1,033	1,381	844	828	407	621	776	565	665	535	548	510
Operating Profit	6	-22	16	14	-23	-59	-10	16	8	5	31	14	1
OPM %	1.3%	-2.1%	1.2%	1.7%	-2.8%	-17%	-1.6%	2.1%	1.3%	0.8%	6%	2.4%	0.2%
	-121	31	28	20	15	40	-215	1	-397	2	-468	1,096	1,095
Interest	86	457	37	13	13	17	20	24	28	30	31	33	33
Depreciation	35	127	150	49	46	48	47	46	47	49	49	26	26
Profit before tax	-237	-575	-143	-28	-66	-85	-290	-53	-464	-72	-517	1,050	1,036
Tax %	2%	5%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-241	-603	-143	-28	-66	-85	-290	-53	-464	-72	-517	1,050	1,036
EPS in Rs	-21.95	-54.80	-12.97	-2.38	-5.71	-7.33	-25.07	-4.54	-40.05	-6.21	-44.61	81.22	79.96
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-6%
5 Years:	-2%
3 Years:	-1%
TTM:	-15%

Compounded Profit Growth
10 Years:	7%
5 Years:	8%
3 Years:	12%
TTM:	-47%

Stock Price CAGR
10 Years:	8%
5 Years:	23%
3 Years:	31%
1 Year:	-21%

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	110	110	110	116	116	116	116	116	116	116	116	129
Reserves	12	-1,048	-758	71	5	-81	-372	-425	-888	-960	-1,477	-349
	2,981	3,511	3,738	1,476	1,379	1,353	1,396	1,395	1,394	1,409	1,398	392
	759	826	795	342	382	419	386	404	445	467	496	364
Total Liabilities	3,862	3,399	3,885	2,005	1,881	1,807	1,526	1,491	1,068	1,032	533	535
	2,747	2,648	3,046	1,138	1,091	1,079	1,030	988	960	920	447	446
CWIP	296	295	304	296	297	290	39	39	39	39	0	0
Investments	451	21	21	5	4	4	4	4	4	4	4	4
	367	434	514	565	489	434	453	459	65	69	82	85
Total Assets	3,862	3,399	3,885	2,005	1,881	1,807	1,526	1,491	1,068	1,032	533	535

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-210	-390	-3	43	55	13	16	12	25	17	26	36
	-11	30	13	17	20	39	0	-3	-16	-9	-12	-25
	221	362	-1	-56	-90	-47	-14	-9	-8	-8	-13	-9
Net Cash Flow	0	2	10	4	-16	6	2	0	0	0	0	2
Free Cash Flow	-260	-391	-14	42	58	12	16	9	8	8	13	11
CFO/OP	-3,701%	1,833%	-16%	306%	-244%	-17%	-170%	80%	283%	319%	77%	255%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	46	61	37	17	8	0	0	0	0	0	1	0
Inventory Days	154	59	71	54	44	28	22	10	10	7	12	15
Days Payable	442	126	96	29	49	101	55	23	57	41	37	18
Cash Conversion Cycle	-242	-6	12	42	4	-73	-32	-13	-46	-34	-24	-3
Working Capital Days	-866	-590	-540	-288	-384	-1,116	-771	-601	-1,120	-983	-1,148	-421
ROCE %	-0%	-4%	-4%	-1%	-3%	-5%	-4%	-3%	-4%	-7%	-5%	-6%

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Mar 2021

Mar 2022

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Permanent Employees on Rolls
Count

	x,xxx	x,xxx	x,xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
						x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
	xx,xxx	xx,xxx	xxx,xxx	xxx,xxx
				xxx,xxx	xx,xxx	xx,xxx
xxx	xxx
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Conversion Income (Sale of Services)
INR Million

Ferro Chrome / Ferro Alloys Production Volume
MT

Ferro Chrome Sales Volume
MT

Captive Power Plant Electricity Generation
Million Units (MU)

Sponge Iron (DRI) Sales Volume
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

16 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.27%	48.27%	48.27%	48.27%	52.66%	52.66%	52.66%	52.66%	52.66%	57.60%	57.60%	62.40%
	17.42%	17.42%	17.42%	17.42%	13.35%	13.35%	13.34%	13.34%	13.34%	11.95%	11.95%	13.10%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.00%	0.00%	0.00%	0.04%
	34.32%	34.32%	34.33%	34.34%	33.99%	34.00%	34.00%	33.91%	34.00%	30.46%	30.44%	24.47%
No. of Shareholders	21,324	20,438	19,669	19,036	18,492	18,054	17,750	17,387	17,182	17,463	17,431	17,734

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	61.98%	58.88%	58.88%	58.88%	58.88%	38.33%	43.33%	48.27%	52.66%	57.60%	62.40%
	23.10%	21.95%	21.95%	21.95%	21.95%	21.95%	21.95%	17.42%	13.34%	11.95%	13.10%
	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%
	14.47%	19.17%	19.17%	19.17%	19.17%	39.72%	34.73%	34.33%	34.00%	30.44%	24.47%
No. of Shareholders	18,298	17,881	17,651	17,211	17,004	20,200	22,365	19,669	17,750	17,431	17,734

* 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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VISA Chrome Ltd

VISA Chrome Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports