Visa Steel Ltd

Visa Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Visa Steel Ltd

₹ 21.0 -2.33%
06 May - close price
visasteel.com BSE: 532721 NSE - BE : VISASTEEL
About

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

Key Points

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

Website BSE NSE - BE
  • Market Cap ₹ 243 Cr.
  • Current Price ₹ 21.0
  • High / Low ₹ 25.9 / 10.5
  • Stock P/E
  • Book Value ₹ -70.0
  • Dividend Yield 0.00 %
  • ROCE -4.40 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.542 Cr.
  • Promoters have pledged 79.4% of their holding.
  • Promoter holding has decreased over last 3 years: -10.6%

* 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: Ferro Alloys Industry: Mining / Minerals / Metals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
166 194 106 246 210 230 143 169 153 107 235 189 90
183 185 110 242 205 220 137 166 153 109 230 195 94
Operating Profit -17 9 -3 5 5 10 6 3 -0 -2 5 -6 -5
OPM % -10% 5% -3% 2% 2% 4% 4% 2% -0% -2% 2% -3% -5%
13 -215 1 0 0 0 0 0 -398 1 0 0 0
Interest 5 5 6 6 6 6 7 7 7 7 8 7 7
Depreciation 12 11 12 12 12 11 11 12 12 12 12 12 13
Profit before tax -21 -222 -20 -13 -13 -8 -12 -15 -417 -20 -14 -25 -24
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-21 -222 -20 -13 -13 -8 -12 -15 -417 -20 -14 -25 -24
EPS in Rs -1.81 -19.21 -1.70 -1.10 -1.08 -0.66 -1.00 -1.27 -36.03 -1.76 -1.21 -2.13 -2.10
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
794 521 1,030 446 1,011 1,397 859 805 348 611 792 572 621
660 737 992 440 1,033 1,381 844 828 407 621 776 565 628
Operating Profit 134 -216 38 6 -22 16 14 -23 -59 -10 16 8 -7
OPM % 17% -41% 4% 1% -2% 1% 2% -3% -17% -2% 2% 1% -1%
-146 303 12 -121 31 28 20 15 40 -215 1 -397 2
Interest 147 126 145 86 457 37 13 13 17 20 24 28 30
Depreciation 39 52 58 35 127 150 49 46 48 47 46 47 48
Profit before tax -196 -91 -152 -237 -575 -143 -28 -66 -85 -290 -53 -464 -83
Tax % 40% 0% 0% -2% -5% 0% 0% 0% 0% 0% 0% 0%
-119 -91 -152 -241 -603 -143 -28 -66 -85 -290 -53 -464 -83
EPS in Rs -10.80 -8.28 -13.86 -21.95 -54.80 -12.97 -2.38 -5.71 -7.33 -25.07 -4.54 -40.05 -7.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -8%
3 Years: 18%
TTM: -11%
Compounded Profit Growth
10 Years: 5%
5 Years: %
3 Years: 7%
TTM: -58%
Stock Price CAGR
10 Years: 3%
5 Years: 25%
3 Years: 29%
1 Year: 87%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 110 110 110 110 110 110 116 116 116 116 116 116 116
Reserves 124 410 257 12 -1,048 -758 71 5 -81 -372 -425 -888 -926
1,562 2,220 2,389 2,981 3,511 3,738 1,476 1,379 1,353 1,396 1,395 1,394 1,393
1,543 778 986 759 826 795 342 382 419 386 404 445 472
Total Liabilities 3,339 3,517 3,742 3,862 3,399 3,885 2,005 1,881 1,807 1,526 1,491 1,068 1,054
782 961 915 2,747 2,648 3,046 1,138 1,091 1,079 1,030 988 960 936
CWIP 1,778 1,646 1,939 296 295 304 296 297 290 39 39 39 39
Investments 61 451 451 451 21 21 5 4 4 4 4 4 4
718 458 437 367 434 514 565 489 434 453 459 65 75
Total Assets 3,339 3,517 3,742 3,862 3,399 3,885 2,005 1,881 1,807 1,526 1,491 1,068 1,054

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
546 -519 249 -210 -390 -3 43 55 13 16 12 25
-478 230 -99 -11 30 13 17 20 39 0 -3 -16
-104 293 -155 221 362 -1 -56 -90 -47 -14 -9 -8
Net Cash Flow -36 4 -5 0 2 10 4 -16 6 2 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 24 42 14 46 61 37 17 8 0 0 0 0
Inventory Days 243 119 71 154 59 71 54 44 28 22 10 10
Days Payable 646 305 187 442 126 96 29 49 101 55 23 57
Cash Conversion Cycle -379 -144 -102 -242 -6 12 42 4 -73 -32 -13 -46
Working Capital Days -601 -259 -227 -506 -302 -320 -152 -251 -826 36 21 -259
ROCE % 7% -4% 0% -0% -4% -4% -1% -3% -5% -4% -3% -4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.88% 58.88% 58.88% 38.33% 38.33% 38.33% 43.33% 43.33% 43.33% 48.27% 48.27% 48.27%
21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 17.42% 17.42% 17.42%
19.17% 19.17% 19.17% 39.72% 39.72% 39.72% 34.72% 34.73% 34.71% 34.32% 34.32% 34.33%
No. of Shareholders 17,59618,11619,10020,20021,74421,79722,68822,36521,98521,32420,43819,669

* 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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Documents

Announcements

Annual reports