Market Cap ₹3728 Cr.
Stock P/E 21.5
P/B 2.6
Current Price ₹124.1
Book Value ₹ 48.3
Face Value 5
52W High ₹134
Dividend Yield 0.4%
52W Low ₹ 68.8
ISMT Ltd manufactures and supplies seamless tubes and engineering steels for the oil and fuel, power, production system, automotive and popular engineering, bearing, and other sectors in India. It operates thru Tube and Steel segments. The company provides carbon, alloy, and martensitic stainless-steel bars, such as ultra-clean steels, free machining steels, bearing steels, and different engineered metallic grades. It additionally presents OCTG products, along with high collapse casings; seamless tubes for hydraulic and pneumatic pressure lines; tubes for the mining and drilling industry; hollow bars; tubes for the power generation and energy industry; and automobile additives. In addition, the company offers bearings, including starter gears and spindle axles for automobiles; cages for regular speed joints; multi-track sleeves for linear bearings; shaped tubes; OCTG couplings; inner races for bearings; and bearing rings. Further, it provides specialised tubes for the manufacture of hydraulic cylinders; and structural tubes for use in office homes, industrial structures and bridge construction, sports activities complexes and stadiums, airport terminals, agricultural and farming gadget, frame systems and body work for locomotives, device buildings, off-shore installations, and ship building and material coping with industries. The organization also exports its merchandise. ISMT Ltd was founded in 1977 and is based in Pune, India.
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PE falls below X
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| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 534 | 581 | 623 | 709 | 598 | 650 | 657 | 749 | 642 | 596 |
| Other Income | 4 | 9 | 3 | 3 | 4 | 8 | 3 | 3 | 8 | 2 |
| Total Income | 538 | 590 | 625 | 712 | 602 | 659 | 660 | 751 | 650 | 599 |
| Total Expenditure | 521 | 587 | 588 | 649 | 540 | 587 | 577 | 627 | 538 | 530 |
| Operating Profit | 17 | 3 | 38 | 63 | 61 | 72 | 83 | 124 | 112 | 68 |
| Interest | 70 | -190 | 5 | 8 | 5 | 2 | 4 | 3 | 2 | 3 |
| Depreciation | 16 | 16 | 14 | 14 | 14 | 18 | 13 | 22 | 23 | 29 |
| Exceptional Income / Expenses | 0 | 2511 | 0 | 0 | 0 | -6 | 0 | -15 | 0 | -7 |
| Profit Before Tax | -69 | 2689 | 19 | 42 | 43 | 45 | 67 | 85 | 87 | 29 |
| Provision for Tax | 0 | 143 | -1 | 11 | 14 | 37 | 26 | 33 | 25 | 10 |
| Profit After Tax | -69 | 2546 | 20 | 30 | 29 | 8 | 41 | 51 | 62 | 19 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -69 | 2546 | 20 | 30 | 29 | 8 | 41 | 51 | 62 | 20 |
| Adjusted Earnings Per Share | -4.7 | 84.7 | 0.7 | 1 | 1 | 0.3 | 1.4 | 1.7 | 2.1 | 0.6 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1620 | 1596 | 1523 | 1015 | 1204 | 1558 | 1854 | 1325 | 1252 | 2161 | 2580 | 2644 |
| Other Income | 25 | 16 | 16 | 13 | 10 | 11 | 7 | 12 | 57 | 21 | 18 | 16 |
| Total Income | 1645 | 1612 | 1539 | 1027 | 1213 | 1568 | 1861 | 1337 | 1309 | 2182 | 2598 | 2660 |
| Total Expenditure | 1536 | 1587 | 1512 | 1011 | 1158 | 1478 | 1738 | 1248 | 1266 | 2101 | 2363 | 2272 |
| Operating Profit | 109 | 25 | 28 | 17 | 55 | 90 | 123 | 89 | 43 | 81 | 235 | 387 |
| Interest | 158 | 187 | 239 | 282 | 270 | 277 | 278 | 275 | 263 | 13 | 22 | 12 |
| Depreciation | 101 | 109 | 76 | 75 | 66 | 61 | 57 | 66 | 64 | 62 | 59 | 87 |
| Exceptional Income / Expenses | -8 | 46 | 97 | -44 | 0 | 4 | -25 | 9 | -58 | 2511 | -6 | -22 |
| Profit Before Tax | -158 | -226 | -191 | -385 | -282 | -244 | -237 | -242 | -342 | 2517 | 149 | 268 |
| Provision for Tax | -34 | -32 | -3 | 9 | 0 | -1 | 0 | -2 | 0 | 143 | 61 | 94 |
| Profit After Tax | -124 | -194 | -188 | -395 | -282 | -243 | -237 | -240 | -343 | 2374 | 88 | 173 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | -124 | -194 | -188 | -395 | -282 | -243 | -237 | -240 | -343 | 2374 | 88 | 174 |
| Adjusted Earnings Per Share | -8.5 | -13.3 | -12.8 | -26.9 | -19.2 | -16.6 | -16.2 | -16.4 | -23.4 | 79 | 2.9 | 5.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 19% | 25% | 11% | 5% |
| Operating Profit CAGR | 190% | 38% | 21% | 8% |
| PAT CAGR | -96% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 71% | 88% | 78% | 24% |
| ROE Average | 7% | 2% | 1% | -22% |
| ROCE Average | 12% | 91% | 56% | 25% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 431 | 217 | 244 | -117 | -405 | -646 | -870 | -1115 | -1458 | 1386 | 1478 |
| Minority's Interest | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 |
| Borrowings | 739 | 760 | 1009 | 850 | 628 | 403 | 277 | 167 | 66 | 0 | 0 |
| Other Non-Current Liabilities | 43 | 11 | 8 | 8 | -63 | -68 | -74 | -70 | -71 | 54 | 61 |
| Total Current Liabilities | 1609 | 1758 | 1499 | 1745 | 2294 | 2662 | 3027 | 3333 | 3689 | 517 | 461 |
| Total Liabilities | 2823 | 2747 | 2759 | 2486 | 2454 | 2351 | 2361 | 2317 | 2226 | 1957 | 2001 |
| Fixed Assets | 1437 | 1406 | 1655 | 1601 | 1269 | 1224 | 1443 | 1423 | 1364 | 1126 | 1019 |
| Other Non-Current Assets | 237 | 220 | 200 | 187 | 385 | 68 | 161 | 175 | 126 | 25 | 52 |
| Total Current Assets | 1149 | 1120 | 904 | 697 | 799 | 1057 | 754 | 718 | 736 | 806 | 930 |
| Total Assets | 2823 | 2747 | 2759 | 2486 | 2454 | 2351 | 2361 | 2317 | 2226 | 1957 | 2001 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 44 | 9 | 64 | 52 | -933 | 19 | 36 | 66 | 53 | 33 | 52 |
| Cash Flow from Operating Activities | 120 | 86 | 69 | -245 | -71 | 31 | 80 | 109 | 16 | 104 | 92 |
| Cash Flow from Investing Activities | -71 | -23 | 1 | 4 | -7 | -1 | 1 | -22 | 10 | -0 | 35 |
| Cash Flow from Financing Activities | -83 | -8 | -82 | 200 | -46 | -13 | -50 | -101 | -46 | -84 | -152 |
| Net Cash Inflow / Outflow | -35 | 55 | -12 | -40 | -124 | 17 | 30 | -13 | -20 | 20 | -25 |
| Closing Cash & Cash Equivalent | 9 | 64 | 52 | 12 | -1057 | 36 | 66 | 53 | 33 | 52 | 27 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -8.47 | -13.25 | -12.84 | -26.95 | -19.23 | -16.57 | -16.18 | -16.41 | -23.38 | 79.01 | 2.92 |
| CEPS(Rs) | -1.57 | -5.83 | -7.62 | -21.82 | -14.71 | -12.38 | -12.29 | -11.93 | -19.01 | 81.08 | 4.87 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 28.99 | 14.18 | 1.81 | -22.53 | -41.99 | -58.26 | -73.35 | -89.64 | -112.77 | 39.81 | 43 |
| Core EBITDA Margin(%) | 2.89 | 0.28 | 0.43 | 0.27 | 2.88 | 3.7 | 4.34 | 4.2 | -0.79 | 1.77 | 5.41 |
| EBIT Margin(%) | -0 | -1.28 | 1.85 | -7.04 | -0.72 | 1.52 | 1.53 | 1.76 | -4.46 | 74.98 | 4.24 |
| Pre Tax Margin(%) | -5.4 | -7.51 | -7.32 | -26.36 | -17.89 | -11.33 | -8.89 | -13.12 | -19.14 | 74.59 | 3.7 |
| PAT Margin (%) | -4.25 | -6.45 | -7.21 | -27.01 | -17.89 | -11.29 | -8.89 | -13.02 | -19.14 | 70.36 | 2.19 |
| Cash Profit Margin (%) | -0.79 | -2.84 | -4.28 | -21.87 | -13.68 | -8.43 | -6.75 | -9.47 | -15.56 | 72.21 | 3.64 |
| ROA(%) | -4.35 | -6.97 | -6.83 | -15.05 | -11.41 | -10.11 | -10.06 | -10.28 | -15.08 | 113.51 | 4.43 |
| ROE(%) | -25.61 | -61.41 | -160.59 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.05 |
| ROCE(%) | -0 | -2.14 | 2.7 | -5.81 | -0.67 | 2.23 | 3.29 | 3.35 | -12.61 | 274.64 | 12.29 |
| Receivable days | 44.23 | 38.55 | 34.33 | 46.55 | 43.92 | 35.94 | 32.54 | 44.3 | 48.2 | 30.28 | 27.02 |
| Inventory Days | 65.85 | 62.63 | 64.44 | 96.2 | 78.4 | 57.61 | 47.6 | 72.95 | 76.04 | 42.86 | 41.45 |
| Payable days | 80.92 | 93.04 | 79.07 | 86.94 | 55.89 | 43.31 | 37.63 | 56.96 | 60.94 | 51.32 | 48.46 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.63 | 25.13 |
| Price/Book(x) | 0.35 | 0.79 | 5.11 | -0.32 | -0.3 | -0.16 | -0.11 | -0.03 | -0.09 | 1.25 | 1.71 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.88 | 1.02 | 1.15 | 2.15 | 1.94 | 1.47 | 1.2 | 1.58 | 1.76 | 0.76 | 0.87 |
| EV/Core EBITDA(x) | 13.12 | 66.08 | 63.13 | 131.86 | 42.42 | 25.43 | 18.15 | 23.48 | 51.85 | 20.32 | 9.58 |
| Net Sales Growth(%) | -20.39 | -1.51 | -4.56 | -33.37 | 18.62 | 29.42 | 18.98 | -28.5 | -5.55 | 72.61 | 19.42 |
| EBIT Growth(%) | -100.03 | 0 | 225.27 | -313.17 | 88.96 | 388.38 | 24.69 | -20.27 | -344.92 | 3271.77 | -93.27 |
| PAT Growth(%) | -592.15 | -56.41 | 3.15 | -109.89 | 28.64 | 13.82 | 2.38 | -1.42 | -42.5 | 793.12 | -96.3 |
| EPS Growth(%) | -592.56 | -56.49 | 3.15 | -109.92 | 28.64 | 13.83 | 2.38 | -1.45 | -42.46 | 437.94 | -96.3 |
| Debt/Equity(x) | 3.19 | 7.75 | 65.53 | -6.41 | -3.57 | -2.59 | -2.04 | -1.63 | -1.27 | 0.17 | 0.06 |
| Current Ratio(x) | 0.71 | 0.64 | 0.6 | 0.4 | 0.35 | 0.4 | 0.25 | 0.22 | 0.2 | 1.56 | 2.01 |
| Quick Ratio(x) | 0.38 | 0.36 | 0.32 | 0.2 | 0.2 | 0.27 | 0.13 | 0.1 | 0.1 | 0.72 | 0.98 |
| Interest Cover(x) | -0 | -0.21 | 0.2 | -0.36 | -0.04 | 0.12 | 0.15 | 0.12 | -0.3 | 191.53 | 7.85 |
| Total Debt/Mcap(x) | 9 | 9.84 | 12.82 | 20.12 | 11.98 | 16.71 | 19.18 | 55.9 | 13.35 | 0.14 | 0.03 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 48.61 | 74.95 | 74.95 | 74.95 | 74.95 | 74.95 | 74.95 | 74.95 | 74.95 | 74.95 |
| FII | 0.36 | 0.19 | 0.18 | 0.08 | 0 | 0.03 | 0.02 | 0.1 | 0.07 | 0.09 |
| DII | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.12 | 0.28 | 0.31 | 0.31 | 0.31 |
| Public | 50.99 | 24.84 | 24.86 | 24.95 | 25.03 | 24.9 | 24.76 | 24.64 | 24.67 | 24.65 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.12 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 | 22.52 |
| FII | 0.05 | 0.06 | 0.05 | 0.02 | 0 | 0.01 | 0 | 0.03 | 0.02 | 0.03 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.08 | 0.09 | 0.09 | 0.09 |
| Public | 7.47 | 7.47 | 7.47 | 7.5 | 7.52 | 7.48 | 7.44 | 7.4 | 7.41 | 7.41 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14.65 | 30.05 | 30.05 | 30.05 | 30.05 | 30.05 | 30.05 | 30.05 | 30.05 | 30.05 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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