Visa Steel Ltd

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

Visa Steel Ltd

₹ 30.2 -5.00%
09 Dec - close price
visasteel.com BSE: 532721 NSE: 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 ₹ 350 Cr.
  • Current Price ₹ 30.2
  • High / Low ₹ 37.0 / 15.6
  • Stock P/E
  • Book Value ₹ -73.9
  • Dividend Yield 0.00 %
  • ROCE -7.08 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Promoter holding has increased by 4.40% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.9% over past five years.
  • Contingent liabilities of Rs.533 Cr.
  • Promoters have pledged 72.8% of their holding.
  • Earnings include an other income of Rs.8.76 Cr.
  • Promoter holding has decreased over last 3 years: -6.22%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
259.77 265.95 310.45 196.87 193.08 160.26 107.28 234.96 189.23 89.63 156.08 134.73 150.62
266.32 256.84 293.34 195.45 187.40 156.54 109.41 229.81 194.82 94.26 145.91 122.38 142.68
Operating Profit -6.55 9.11 17.11 1.42 5.68 3.72 -2.13 5.15 -5.59 -4.63 10.17 12.35 7.94
OPM % -2.52% 3.43% 5.51% 0.72% 2.94% 2.32% -1.99% 2.19% -2.95% -5.17% 6.52% 9.17% 5.27%
2.78 0.22 0.04 0.35 0.24 1,748.08 0.90 0.47 0.24 0.36 0.43 0.23 7.74
Interest 5.28 5.40 5.39 5.95 5.81 6.33 7.28 7.75 7.33 7.49 7.34 7.43 7.63
Depreciation 18.95 21.60 21.11 21.24 21.50 18.05 11.82 11.87 11.97 12.61 12.14 12.06 12.21
Profit before tax -28.00 -17.67 -9.35 -25.42 -21.39 1,727.42 -20.33 -14.00 -24.65 -24.37 -8.88 -6.91 -4.16
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%
-27.99 -17.67 -9.35 -25.42 -21.39 1,727.42 -20.33 -14.00 -24.65 -24.36 -8.88 -6.92 -4.16
EPS in Rs -2.42 -1.53 -0.81 -2.20 -1.85 149.19 -1.76 -1.21 -2.13 -2.10 -0.77 -0.60 -0.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,025 1,455 1,280 1,303 1,559 2,067 1,414 683 988 1,118 657 670 531
1,051 1,344 1,264 1,322 1,501 2,027 1,440 733 984 1,101 649 665 505
Operating Profit -26 111 16 -19 58 40 -26 -50 4 18 9 5 26
OPM % -3% 8% 1% -1% 4% 2% -2% -7% 0% 2% 1% 1% 5%
156 -24 -7 18 18 55 16 12 -1,056 1 1,750 2 9
Interest 168 163 229 485 47 34 19 20 17 21 25 30 30
Depreciation 65 75 77 146 163 151 133 134 128 85 73 49 49
Profit before tax -104 -150 -297 -632 -133 -90 -162 -192 -1,197 -87 1,660 -72 -44
Tax % 7% -4% 2% 4% 0% 0% 0% 0% 0% 0% 0% 0%
-111 -144 -303 -659 -133 -90 -162 -192 -1,197 -87 1,660 -72 -44
EPS in Rs -9.78 -13.44 -24.81 -57.64 -12.29 -7.56 -13.96 -16.57 -103.40 -7.53 143.39 -6.21 -3.83
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -7%
5 Years: -14%
3 Years: -12%
TTM: -23%
Compounded Profit Growth
10 Years: 3%
5 Years: 9%
3 Years: 14%
TTM: 35%
Stock Price CAGR
10 Years: 6%
5 Years: 45%
3 Years: 30%
1 Year: 36%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 110 110 110 110 110 116 116 116 116 116 116 116 116
Reserves 111 -37 -315 -976 -725 -909 -1,071 -1,264 -2,462 -2,549 -888 -960 -971
2,357 2,799 3,358 3,836 3,885 3,629 3,517 3,479 3,486 3,481 1,394 1,409 1,400
861 1,112 803 822 858 717 738 734 712 720 445 467 474
Total Liabilities 3,439 3,985 3,956 3,793 4,128 3,553 3,300 3,065 1,853 1,767 1,068 1,032 1,019
1,136 1,172 3,036 2,895 3,142 2,933 2,804 2,679 1,704 1,625 960 920 897
CWIP 1,811 2,033 351 350 306 299 297 290 39 39 39 39 39
Investments 0 0 0 1 1 4 4 4 4 4 4 4 4
492 780 569 547 678 316 194 92 106 99 65 69 79
Total Assets 3,439 3,985 3,956 3,793 4,128 3,553 3,300 3,065 1,853 1,767 1,068 1,032 1,019

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-558 126 -216 -333 12 151 82 59 13 17 26 17
10 -149 -26 7 -4 3 16 11 1 -9 -19 -9
550 84 157 328 4 -153 -113 -64 -14 -9 -8 -8
Net Cash Flow 1 61 -85 3 12 1 -16 6 1 -0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22 23 17 48 33 12 9 5 0 0 0 0
Inventory Days 61 100 100 69 107 29 35 24 20 15 8 7
Days Payable 147 180 117 80 85 30 39 86 50 32 46 41
Cash Conversion Cycle -64 -57 -0 37 55 12 5 -57 -30 -17 -38 -34
Working Capital Days -136 -122 -138 -219 -258 -311 -581 -1,468 -226 -205 -225 -237
ROCE % -3% 2% -1% -5% -3% -2% -5% -7% -7% -6% -7% -7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.88% 38.33% 38.33% 38.33% 43.33% 43.33% 43.33% 48.27% 48.27% 48.27% 48.27% 52.66%
21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 17.42% 17.42% 17.42% 17.42% 13.35%
19.17% 39.72% 39.72% 39.72% 34.72% 34.73% 34.71% 34.32% 34.32% 34.33% 34.34% 33.99%
No. of Shareholders 19,10020,20021,74421,79722,68822,36521,98521,32420,43819,66919,03618,492

* 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