Rohit Ferro Tech Ltd

Rohit Ferro Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rohit Ferro Tech Ltd

₹ 28.6 -4.99%
07 Apr 2022
rohitferrotech.com
About

Incorporated in 2003, Rohit Ferro-Tech Limited was engaged in manufacturing of ferro alloys and iron & steel products.[1]

Rohit Ferro-Tech was under severe financial stress, and was acquired by Tata Steel Mining Limited, a Subsidiary of Tata Steel in April 2022. Trading in the company's shares were also suspended in April 2022.[2]

Key Points

Business Segments
Ferro Alloys and Minerals (48% in FY21 vs 40% in FY20): Used for manufacturing different grades of stainless steel. The Co produced 41505 MT of Ferro Alloys in FY21.
Iron and Steel (52% in FY21 vs 60% in FY20): The Co produced 44429 MT of Stainless Steel in FY21.[1][2]

Manufacturing Facilities
The Co’s manufacturing units are located in Bishnupur and Haldia in West Bengal and Jajpur in Odisha.
The total installed capacity for ferro alloys stands at 2.7 lakh TPA across all three manufacturing units.
The capacity for stainless steel stands at 1 lakh TPA at the Bishnupur manufacturing unit.
The Haldia plant of the Co is non-operational since 2015.[3][4]

Website
  • Market Cap ₹ 325 Cr.
  • Current Price ₹ 28.6
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -176
  • Dividend Yield 0.00 %
  • ROCE -10.4 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.0% over past five years.
  • Contingent liabilities of Rs.307 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 Iron & Steel

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
233 223 217 185 188 149 49 162 188 236 170 195 190
254 262 240 184 202 203 61 179 204 237 193 201 197
Operating Profit -20 -38 -23 2 -15 -54 -13 -17 -16 -1 -23 -6 -7
OPM % -9% -17% -10% 1% -8% -36% -26% -10% -8% -1% -14% -3% -4%
0 2 0 0 0 -532 0 0 0 1 0 0 -8
Interest 11 9 4 4 4 19 0 0 1 1 1 1 1
Depreciation 8 8 8 8 8 8 6 6 6 6 6 6 6
Profit before tax -39 -54 -35 -10 -27 -614 -18 -22 -22 -7 -30 -13 -21
Tax % 0% 0% 0% 0% -33% 0% 0% 0% 0% 0% 0% 0% 0%
-39 -54 -35 -10 -18 -616 -18 -22 -22 -7 -30 -13 -21
EPS in Rs -3.44 -4.73 -3.07 -0.88 -1.59 -54.18 -1.58 -1.97 -1.94 -0.61 -2.61 -1.12 -1.88
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
806 1,165 1,677 2,259 2,486 1,875 1,430 660 713 893 738 634 790
713 1,032 1,496 2,027 2,563 2,015 1,660 985 970 998 828 681 828
Operating Profit 93 132 181 231 -77 -139 -230 -325 -256 -105 -90 -47 -38
OPM % 12% 11% 11% 10% -3% -7% -16% -49% -36% -12% -12% -7% -5%
18 13 7 -15 8 8 7 4 4 -90 -531 2 -6
Interest 49 64 106 144 166 195 230 -19 53 50 32 2 4
Depreciation 11 13 22 30 30 26 30 34 34 33 33 23 23
Profit before tax 52 68 60 43 -265 -353 -483 -336 -339 -278 -686 -69 -71
Tax % 34% 32% 33% 32% -14% 0% 0% 0% 0% 0% -1% 0%
34 46 40 29 -229 -353 -483 -336 -339 -278 -679 -69 -71
EPS in Rs 6.18 8.36 5.02 2.54 -20.09 -31.01 -42.49 -29.53 -29.78 -24.47 -59.71 -6.09 -6.22
Dividend Payout % 6% 6% 10% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -15%
3 Years: -4%
TTM: 44%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 22%
TTM: 58%
Stock Price CAGR
10 Years: 20%
5 Years: 80%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 39 55 80 114 114 114 114 114 114 114 114 114 114
Reserves 265 338 498 694 466 111 -373 -710 -1,048 -1,327 -2,007 -2,076 -2,118
402 713 1,076 1,331 1,909 2,248 2,642 2,550 2,591 2,577 2,567 2,586 1,221
216 263 403 662 447 552 566 581 398 405 518 511 1,909
Total Liabilities 923 1,370 2,057 2,800 2,935 3,025 2,950 2,535 2,054 1,769 1,192 1,136 1,126
227 323 587 560 539 511 742 691 658 624 453 430 418
CWIP 130 247 80 389 546 661 443 447 448 448 448 448 448
Investments 26 45 64 71 77 80 80 80 77 0 0 0 0
540 754 1,326 1,780 1,772 1,774 1,685 1,316 871 697 291 258 259
Total Assets 923 1,370 2,057 2,800 2,935 3,025 2,950 2,535 2,054 1,769 1,192 1,136 1,126

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
60 -56 -140 -33 -288 -138 2 371 249 -63 11 -24
-143 -245 -251 -298 -101 -28 -36 13 11 82 1 1
87 302 404 313 396 155 36 -383 -258 -28 -12 21
Net Cash Flow 4 0 14 -19 7 -10 2 1 2 -9 0 -1
Free Cash Flow -61 -283 -340 -347 -419 -175 -40 383 248 -63 11 -24
CFO/OP 64% -34% -71% -9% 372% 98% -1% -114% -97% 60% -13% 50%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 26 19 43 64 69 118 192 344 263 171 21 5
Inventory Days 234 262 257 255 160 219 174 194 65 51 39 49
Days Payable 133 93 91 111 68 110 99 200 116 121 201 225
Cash Conversion Cycle 127 188 209 208 162 227 267 338 212 102 -141 -172
Working Capital Days 138 2 24 48 83 60 -64 -415 -611 -607 -1,363 -1,612
ROCE % 16% 15% 12% 11% -4% -6% -10% -16% -16% -9% -12% -10%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Ferro Alloys Production Volume
MT

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Stainless Steel (Iron & Steel) Production Volume
MT
Debtors Turnover Ratio
Ratio
Number of Permanent Employees
Number
Ferro Alloys Export Volume
MT

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 27.99%
No. of Shareholders 17,40417,41617,05617,05717,01916,89116,67816,60816,39316,16819,59323,183

* 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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