Visa Steel Ltd
₹ 35.8
-0.56%
05 Mar
2:12 p.m.
About
Incorporated in 1996, VISA Steel Ltd does manufacturing of High Carbon Ferro Chrome[1]
Key Points
- Market Cap ₹ 415 Cr.
- Current Price ₹ 35.8
- High / Low ₹ 73.7 / 28.0
- Stock P/E
- Book Value ₹ -119
- Dividend Yield 0.00 %
- ROCE -5.47 %
- ROE %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 4.94% over last quarter.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.2% over past five years.
- Contingent liabilities of Rs.550 Cr.
- Promoters have pledged 59.6% of their holding.
* 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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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,030 | 446 | 1,011 | 1,397 | 859 | 805 | 348 | 611 | 792 | 572 | 670 | 566 | 553 | |
| 992 | 440 | 1,033 | 1,381 | 844 | 828 | 407 | 621 | 776 | 565 | 665 | 535 | 537 | |
| Operating Profit | 38 | 6 | -22 | 16 | 14 | -23 | -59 | -10 | 16 | 8 | 5 | 31 | 16 |
| OPM % | 4% | 1% | -2% | 1% | 2% | -3% | -17% | -2% | 2% | 1% | 1% | 6% | 3% |
| 12 | -121 | 31 | 28 | 20 | 15 | 40 | -215 | 1 | -397 | 2 | -468 | -471 | |
| Interest | 145 | 86 | 457 | 37 | 13 | 13 | 17 | 20 | 24 | 28 | 30 | 31 | 33 |
| Depreciation | 58 | 35 | 127 | 150 | 49 | 46 | 48 | 47 | 46 | 47 | 49 | 49 | 32 |
| Profit before tax | -152 | -237 | -575 | -143 | -28 | -66 | -85 | -290 | -53 | -464 | -72 | -517 | -521 |
| Tax % | -0% | 2% | 5% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | |
| -152 | -241 | -603 | -143 | -28 | -66 | -85 | -290 | -53 | -464 | -72 | -517 | -521 | |
| EPS in Rs | -13.86 | -21.95 | -54.80 | -12.97 | -2.38 | -5.71 | -7.33 | -25.07 | -4.54 | -40.05 | -6.21 | -44.61 | -44.97 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 10% |
| 3 Years: | -11% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 8% |
| 3 Years: | 3% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 42% |
| 3 Years: | 43% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 110 | 110 | 110 | 110 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 | 116 |
| Reserves | 257 | 12 | -1,048 | -758 | 71 | 5 | -81 | -372 | -425 | -888 | -960 | -1,477 | -1,493 |
| 2,389 | 2,981 | 3,511 | 3,738 | 1,476 | 1,379 | 1,353 | 1,396 | 1,395 | 1,394 | 1,409 | 1,398 | 1,396 | |
| 986 | 759 | 826 | 795 | 342 | 382 | 419 | 386 | 404 | 445 | 467 | 496 | 510 | |
| Total Liabilities | 3,742 | 3,862 | 3,399 | 3,885 | 2,005 | 1,881 | 1,807 | 1,526 | 1,491 | 1,068 | 1,032 | 533 | 529 |
| 915 | 2,747 | 2,648 | 3,046 | 1,138 | 1,091 | 1,079 | 1,030 | 988 | 960 | 920 | 447 | 437 | |
| CWIP | 1,939 | 296 | 295 | 304 | 296 | 297 | 290 | 39 | 39 | 39 | 39 | -0 | -0 |
| Investments | 451 | 451 | 21 | 21 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| 437 | 367 | 434 | 514 | 565 | 489 | 434 | 453 | 459 | 65 | 69 | 82 | 88 | |
| Total Assets | 3,742 | 3,862 | 3,399 | 3,885 | 2,005 | 1,881 | 1,807 | 1,526 | 1,491 | 1,068 | 1,032 | 533 | 529 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 249 | -210 | -390 | -3 | 43 | 55 | 13 | 16 | 12 | 25 | 17 | 26 | |
| -99 | -11 | 30 | 13 | 17 | 20 | 39 | 0 | -3 | -16 | -9 | -12 | |
| -155 | 221 | 362 | -1 | -56 | -90 | -47 | -14 | -9 | -8 | -8 | -13 | |
| Net Cash Flow | -5 | 0 | 2 | 10 | 4 | -16 | 6 | 2 | -0 | -0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14 | 46 | 61 | 37 | 17 | 8 | -0 | -0 | -0 | -0 | -0 | 1 |
| Inventory Days | 71 | 154 | 59 | 71 | 54 | 44 | 28 | 22 | 10 | 10 | 7 | 12 |
| Days Payable | 187 | 442 | 126 | 96 | 29 | 49 | 101 | 55 | 23 | 57 | 41 | 37 |
| Cash Conversion Cycle | -102 | -242 | -6 | 12 | 42 | 4 | -73 | -32 | -13 | -46 | -34 | -24 |
| Working Capital Days | -276 | -866 | -590 | -540 | -288 | -384 | -1,116 | -771 | -601 | -1,120 | -983 | -1,148 |
| ROCE % | 0% | -0% | -4% | -4% | -1% | -3% | -5% | -4% | -3% | -4% | -7% | -5% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Ferro Chrome Production Metric Tonnes (MT) |
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| Sponge Iron Production Metric Tonnes (MT) |
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| Pig Iron / Hot Metal Production Metric Tonnes (MT) |
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| Special Steel Production Metric Tonnes (MT) |
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| Coke Production Metric Tonnes (MT) |
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| Installed Capacity - Coke TPA |
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| Installed Capacity - Ferro Alloys Metric Tonnes Per Annum (TPA) |
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| Installed Capacity - Pig Iron TPA |
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| Installed Capacity - Sponge Iron TPA |
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| Installed Capacity - Special Steel TPA |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Feb - Copy of newspaper advertisement published in English Newspaper, "Business Standard and the regional Oriya Newspaper, "Sambad" regarding completion of dispatch of Postal Ballot Notice on …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 23 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Feb - Publication of Unaudited Standalone and Consolidated Financial Results for the Quarter and Nine Months ended December 31, 2025
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Pursuant To Regulation 32(6) Of The Listing Regulations, We Are Submitting The Monitoring Agency Report(S) Dated February 4, 2026 For The Quarter Ended December 31, 2025, In Relation To The Preferential Issue Of Warrants Of The Company Has Received From CARE Ratings Limited, The Monitoring Agency.
4 Feb - MA: Rs.200 crore preferential issue; Rs.90 crore repaid to ACRE, Rs.90 crore unutilised as of Dec 31, 2025.
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Outcome Of The Board Meeting - Regulation 30 Of The SEBI (LODR) Regulations, 2015
4 Feb - Board approved Q3/9M results; auditors qualified over Rs.1,443.16 crore unpaid interest; debt assigned to ACRE; name change approved.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
from bse
Operational Status:[1]
Company is operating the Ferro Chrome Plant under conversion arrangement to continue as a going concern and due to non availability of funds for working capital and major refurbishment and relining of Furnaces. It is taking support of related parties and operational creditors to continue Plant operations under conversion arrangement