VISA Chrome Ltd

₹ 35.0 -2.37%

05 Oct 11:38 a.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 ₹ 510 Cr.
Current Price ₹ 35.0
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 -10.7% 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

Consolidated Figures in Rs. Crores / View Standalone

	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	194.82	94.27	145.91	122.38	142.68	116.23	153.90	153.21	84.44	145.88	164.44	115.37
Operating Profit	5.15	-5.59	-4.64	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%	-5.18%	6.52%	9.17%	5.27%	2.14%	5.24%	10.39%	-13.04%	-0.63%	3.83%	4.21%
	0.47	0.24	0.37	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	-6.92	-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

Consolidated Figures in Rs. Crores / View Standalone

	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
	1,280	1,303	1,559	2,067	1,414	683	988	1,118	657	670	566	562	511
	1,264	1,322	1,501	2,027	1,440	733	984	1,101	649	665	535	548	510
Operating Profit	16	-19	58	40	-26	-50	4	18	9	5	31	14	1
OPM %	1.2%	-1.5%	3.7%	1.9%	-1.8%	-7%	0.4%	1.6%	1.3%	0.8%	6%	2.4%	0.2%
	-7	18	18	55	16	12	-1,056	1	1,750	2	-468	1,096	1,095
Interest	229	485	47	34	19	20	17	21	25	30	31	33	33
Depreciation	77	146	163	151	133	134	128	85	73	49	49	26	26
Profit before tax	-297	-632	-133	-90	-162	-192	-1,197	-87	1,660	-72	-517	1,050	1,036
Tax %	2%	4%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%
	-303	-659	-133	-90	-162	-192	-1,197	-87	1,660	-72	-517	1,050	1,036
EPS in Rs	-24.81	-57.64	-12.29	-7.56	-13.96	-16.57	-103.40	-7.53	143.39	-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:	-8%
5 Years:	-11%
3 Years:	-5%
TTM:	-15%

Compounded Profit Growth
10 Years:	7%
5 Years:	12%
3 Years:	16%
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

Consolidated Figures in Rs. Crores / View Standalone

	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	-315	-976	-725	-909	-1,071	-1,264	-2,462	-2,549	-888	-960	-1,477	-349
	3,358	3,836	3,885	3,629	3,517	3,479	3,486	3,481	1,394	1,409	1,398	392
	803	822	858	717	738	734	712	720	445	467	496	364
Total Liabilities	3,956	3,793	4,128	3,553	3,300	3,065	1,853	1,767	1,068	1,032	533	535
	3,036	2,895	3,142	2,933	2,804	2,679	1,704	1,625	960	920	447	446
CWIP	351	350	306	299	297	290	39	39	39	39	-0	-0
Investments	0	1	1	4	4	4	4	4	4	4	4	4
	569	547	678	316	194	92	106	99	65	69	82	85
Total Assets	3,956	3,793	4,128	3,553	3,300	3,065	1,853	1,767	1,068	1,032	533	535

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-216	-333	12	151	82	59	13	17	26	17	26	36
	-26	7	-4	3	16	11	1	-9	-19	-9	-12	-25
	157	328	4	-153	-113	-64	-14	-9	-8	-8	-13	-9
Net Cash Flow	-85	3	12	1	-16	6	1	-0	-0	-0	0	2
Free Cash Flow	-273	-337	-0	131	81	57	14	10	8	8	13	11
CFO/OP	-1,347%	1,791%	20%	386%	-321%	-111%	399%	107%	260%	318%	77%	264%

Ratios

Consolidated / View Standalone

	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	17	48	33	12	9	5	-0	-0	-0	-0	1	0
Inventory Days	100	69	107	29	35	24	20	15	8	7	12	15
Days Payable	117	80	85	30	39	86	50	32	46	41	37	18
Cash Conversion Cycle	-0	37	55	12	5	-57	-30	-17	-38	-34	-24	-3
Working Capital Days	-318	-477	-495	-457	-784	-1,875	-1,508	-1,338	-975	-983	-1,148	-421
ROCE %	-1%	-5%	-3%	-2%	-5%	-7%	-7%	-6%	-7%	-7%	-5%	-6%

Insights

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Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Permanent Employees on Rolls
Count ・Standalone data

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Conversion Income (Sale of Services)
INR Million ・Standalone data

Ferro Chrome / Ferro Alloys Production Volume
MT ・Standalone data

Ferro Chrome Sales Volume
MT ・Standalone data

Captive Power Plant Electricity Generation
Million Units (MU) ・Standalone data

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

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