Market Cap ₹1835 Cr.
Stock P/E -5.1
P/B 4.4
Current Price ₹39
Book Value ₹ 8.8
Face Value 10
52W High ₹39.3
Dividend Yield 0%
52W Low ₹ 30.6
JSW Ispat Special Products Ltd is engaged in manufacturing and advertising and marketing of pellets, sponge iron, ferro alloys, billets, structural steels and thermo mechanically treated with (TMT) bars. It has included metallic plant at Raigarh that has a production capability of approximately 1.5 million tons/annum (MTPA) to produce hot rolled (HR) plates, rebars and structure profiles to cater to the infrastructure and construction industry. The merchandise of the Company are furnished in Business-to-Business phase. Sponge iron is used in the iron and steel industry as an alternative for scrap in induction and electrical arc furnaces. It serves diverse industries along with vehicle, infrastructure, construction, gadget and equipment manufacturing, transport, which incorporates ships, trains, and motors and round bars for automotive components. It has two manufacturing facilities namely, at Raipur and Raigarh in Chattisgarh.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1477 | 1462 | 1437 | 1473 | 1688 | 1665 | 758 | 1102 | 1649 | 1676 |
| Other Income | 7 | 7 | 5 | 3 | 9 | 15 | 3 | 8 | 15 | 6 |
| Total Income | 1484 | 1469 | 1442 | 1476 | 1697 | 1679 | 760 | 1110 | 1664 | 1682 |
| Total Expenditure | 1271 | 1284 | 1355 | 1381 | 1570 | 1647 | 850 | 1069 | 1515 | 1574 |
| Operating Profit | 213 | 185 | 88 | 96 | 127 | 32 | -89 | 42 | 149 | 108 |
| Interest | 72 | 66 | 68 | 68 | 68 | 68 | 63 | 74 | 82 | 81 |
| Depreciation | 57 | 55 | 56 | 56 | 55 | 57 | 57 | 65 | 64 | 68 |
| Exceptional Income / Expenses | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 0 |
| Profit Before Tax | 93 | 63 | -37 | -28 | 3 | -92 | -209 | -97 | 1 | -40 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | 0 | 13 |
| Profit After Tax | 93 | 63 | -37 | -28 | 3 | -105 | -209 | -97 | 1 | -53 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 93 | 63 | -37 | -28 | 3 | -105 | -209 | -97 | 1 | -53 |
| Adjusted Earnings Per Share | 2 | 1.3 | -0.8 | -0.6 | 0.1 | -2.2 | -4.5 | -2.1 | 0 | -1.1 |
| #(Fig in Cr.) | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1989 | 2062 | 2302 | 3245 | 1843 | 1238 | 1383 | 1879 | 2638 | 4188 | 6061 | 5185 |
| Other Income | 47 | 65 | 76 | 65 | 67 | 37 | 13 | 27 | 26 | 276 | 38 | 32 |
| Total Income | 2036 | 2127 | 2378 | 3309 | 1910 | 1275 | 1396 | 1906 | 2664 | 4464 | 6099 | 5216 |
| Total Expenditure | 1495 | 1576 | 1911 | 3149 | 2296 | 1639 | 1343 | 1878 | 2684 | 4065 | 5604 | 5008 |
| Operating Profit | 541 | 551 | 467 | 161 | -386 | -364 | 54 | 29 | -20 | 399 | 495 | 210 |
| Interest | 103 | 135 | 253 | 683 | 1083 | 1141 | 1195 | 448 | 253 | 276 | 271 | 300 |
| Depreciation | 81 | 100 | 144 | 288 | 364 | 360 | 355 | 278 | 219 | 228 | 223 | 254 |
| Exceptional Income / Expenses | 0 | 0 | 0 | -253 | -84 | -263 | -264 | -2856 | 0 | 315 | 0 | -2 |
| Profit Before Tax | 357 | 315 | 70 | -1063 | -1918 | -2127 | -1759 | -3552 | -492 | 210 | 1 | -345 |
| Provision for Tax | 94 | 92 | 32 | -194 | -1 | 5 | 0 | 0 | 0 | 0 | 0 | 13 |
| Profit After Tax | 263 | 223 | 37 | -869 | -1917 | -2132 | -1759 | -3552 | -492 | 210 | 1 | -358 |
| Adjustments | -2 | -1 | 25 | 12 | 10 | 3 | 1 | 0 | 0 | 1 | 0 | 0 |
| Profit After Adjustments | 261 | 222 | 62 | -857 | -1907 | -2130 | -1758 | -3552 | -492 | 211 | 1 | -358 |
| Adjusted Earnings Per Share | 40.6 | 34.8 | 7.7 | -130.2 | -95 | -106.1 | -87.6 | -75.6 | -10.5 | 4.5 | 0 | -7.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 45% | 48% | 37% | 12% |
| Operating Profit CAGR | 24% | 157% | 0% | -1% |
| PAT CAGR | -100% | 0% | 0% | -43% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 20% | -14% | 12% | -8% |
| ROE Average | 0% | -9% | -5% | -19% |
| ROCE Average | 7% | 4% | -12% | -6% |
| #(Fig in Cr.) | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 2433 | 2828 | 2952 | 2067 | 414 | -1602 | -3277 | 1694 | 1173 | 1393 | 1393 |
| Minority's Interest | 107 | 131 | 141 | 130 | 117 | 114 | 0 | 0 | -0 | -1 | 0 |
| Borrowings | 4098 | 6444 | 9211 | 9393 | 9496 | 8415 | 3482 | 2044 | 2252 | 2273 | 2240 |
| Other Non-Current Liabilities | 158 | 173 | 203 | 10 | 877 | 56 | 26 | 61 | 111 | 124 | 140 |
| Total Current Liabilities | 2073 | 3197 | 2940 | 4887 | 4114 | 6668 | 8078 | 938 | 1321 | 1265 | 1469 |
| Total Liabilities | 8869 | 12773 | 15448 | 16486 | 15017 | 13652 | 8309 | 4737 | 4857 | 5054 | 5242 |
| Fixed Assets | 1699 | 1704 | 4918 | 7521 | 6909 | 6581 | 6194 | 3378 | 3254 | 3168 | 3069 |
| Other Non-Current Assets | 4550 | 8525 | 8106 | 6615 | 6363 | 5730 | 779 | 268 | 345 | 325 | 369 |
| Total Current Assets | 2620 | 2543 | 2423 | 2351 | 1745 | 1342 | 1336 | 1091 | 1259 | 1560 | 1804 |
| Total Assets | 8869 | 12773 | 15448 | 16486 | 15017 | 13652 | 8309 | 4737 | 4857 | 5054 | 5242 |
| #(Fig in Cr.) | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 746 | 877 | 756 | 68 | 214 | 97 | 79 | 92 | 165 | 36 | 13 |
| Cash Flow from Operating Activities | 459 | 809 | 59 | 1659 | 1117 | 292 | -16 | -194 | -197 | 406 | 276 |
| Cash Flow from Investing Activities | -2545 | -3796 | -2749 | -1747 | -111 | 445 | -8 | 612 | -118 | -81 | -114 |
| Cash Flow from Financing Activities | 2217 | 2866 | 2002 | 223 | -1123 | -755 | 47 | -344 | 185 | -348 | -116 |
| Net Cash Inflow / Outflow | 131 | -121 | -688 | 135 | -117 | -19 | 23 | 74 | -130 | -23 | 46 |
| Closing Cash & Cash Equivalent | 877 | 756 | 68 | 203 | 97 | 79 | 92 | 165 | 36 | 13 | 59 |
| # | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 40.6 | 34.85 | 7.73 | -130.18 | -94.99 | -106.07 | -87.58 | -75.65 | -10.48 | 4.48 | 0.03 |
| CEPS(Rs) | 53.59 | 50.79 | 27.51 | -88.25 | -77.36 | -88.29 | -69.94 | -69.74 | -5.82 | 9.33 | 4.79 |
| DPS(Rs) | 2.5 | 1.5 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 376.57 | 413.37 | 415.59 | 281.11 | 20.6 | -79.78 | -163.24 | 24.88 | 13.78 | 18.47 | 18.47 |
| Core EBITDA Margin(%) | 18 | 16.94 | 11.05 | 1.57 | -10.74 | -18.95 | 2.87 | 0.09 | -1.75 | 2.94 | 7.54 |
| EBIT Margin(%) | 16.74 | 15.72 | 9.14 | -6.25 | -19.8 | -46.6 | -39.69 | -164.78 | -9.05 | 11.59 | 4.49 |
| Pre Tax Margin(%) | 13.01 | 11 | 1.97 | -17.45 | -45.5 | -100.5 | -123.66 | -188.54 | -18.65 | 5 | 0.02 |
| PAT Margin (%) | 9.59 | 7.79 | 1.06 | -14.26 | -45.48 | -100.74 | -123.66 | -188.54 | -18.65 | 5 | 0.02 |
| Cash Profit Margin (%) | 12.56 | 11.29 | 5.12 | -9.53 | -36.84 | -83.75 | -98.71 | -173.81 | -10.36 | 10.46 | 3.71 |
| ROA(%) | 3.58 | 2.07 | 0.26 | -5.44 | -12.17 | -14.88 | -16.02 | -54.46 | -10.26 | 4.23 | 0.03 |
| ROE(%) | 11.54 | 8.84 | 1.39 | -37.91 | -169.38 | 0 | 0 | 0 | -54.22 | 27.68 | 0.17 |
| ROCE(%) | 6.79 | 4.59 | 2.58 | -2.7 | -6.21 | -8.58 | -6.98 | -64.06 | -5.78 | 12.09 | 6.8 |
| Receivable days | 36.26 | 45.19 | 42.82 | 25.93 | 24.32 | 18.25 | 20.25 | 9.08 | 5.86 | 10.48 | 13.34 |
| Inventory Days | 64.28 | 89.92 | 97.8 | 63.31 | 69.05 | 71.79 | 76.8 | 94.91 | 104.89 | 77.68 | 61.29 |
| Payable days | 36.29 | 29.85 | 49.83 | 62.26 | 96.13 | 99.67 | 46.06 | 46.38 | 46.61 | 29.97 | 29.7 |
| PER(x) | 11.45 | 6.54 | 11.52 | 0 | 0 | 0 | 0 | 0 | 0 | 5.85 | 1018.93 |
| Price/Book(x) | 1.23 | 0.55 | 0.21 | 0.18 | 1.08 | -0.43 | -0.09 | 1.14 | 0.67 | 1.42 | 1.75 |
| Dividend Yield(%) | 0.54 | 0.66 | 1.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 3.92 | 4.59 | 4.94 | 3.93 | 6.61 | 10.38 | 6.51 | 2.19 | 1.41 | 1 | 0.75 |
| EV/Core EBITDA(x) | 14.4 | 17.17 | 24.35 | 79.29 | -31.54 | -35.33 | 167.01 | 143.72 | -186.59 | 10.45 | 9.24 |
| Net Sales Growth(%) | 22.34 | 3.69 | 11.64 | 40.94 | -43.18 | -32.84 | 11.73 | 35.87 | 40.37 | 58.74 | 44.72 |
| EBIT Growth(%) | 16.07 | -1.94 | -28.27 | -217.76 | -119.24 | -18.19 | 42.76 | -449.83 | 92.31 | 303.36 | -43.94 |
| PAT Growth(%) | -5.1 | -15.14 | -83.3 | -2429.6 | -120.56 | -11.21 | 17.49 | -101.91 | 86.15 | 142.59 | -99.29 |
| EPS Growth(%) | -5.54 | -14.18 | -77.81 | -1783.79 | 27.04 | -11.67 | 17.43 | 13.62 | 86.15 | 142.81 | -99.29 |
| Debt/Equity(x) | 2.37 | 3.05 | 3.69 | 6.17 | 28.84 | -7.66 | -2.69 | 1.46 | 2.49 | 1.82 | 1.92 |
| Current Ratio(x) | 1.26 | 0.8 | 0.82 | 0.48 | 0.42 | 0.2 | 0.17 | 1.16 | 0.95 | 1.23 | 1.23 |
| Quick Ratio(x) | 0.98 | 0.54 | 0.46 | 0.27 | 0.29 | 0.16 | 0.13 | 0.46 | 0.3 | 0.5 | 0.47 |
| Interest Cover(x) | 4.48 | 3.33 | 1.28 | -0.56 | -0.77 | -0.86 | -0.47 | -6.93 | -0.94 | 1.76 | 1.01 |
| Total Debt/Mcap(x) | 1.92 | 5.92 | 18.32 | 37.9 | 26.7 | 17.91 | 28.94 | 1.86 | 6.7 | 2.06 | 1.76 |
| # | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.35 | 53.17 | 53.17 | 53.17 | 53.17 | 53.17 | 53.17 | 53.17 | 53.17 | 53.17 |
| FII | 0 | 2.52 | 1.57 | 1.24 | 1.25 | 1.57 | 2.98 | 5.54 | 7.67 | 8.91 |
| DII | 13.4 | 8.83 | 4.48 | 4.03 | 3.96 | 3.96 | 3.96 | 3.96 | 4.73 | 4.58 |
| Public | 12.25 | 35.47 | 40.78 | 41.57 | 41.62 | 41.3 | 39.89 | 37.33 | 34.43 | 33.34 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 34.91 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 |
| FII | 0 | 1.19 | 0.74 | 0.58 | 0.59 | 0.74 | 1.4 | 2.6 | 3.6 | 4.19 |
| DII | 6.29 | 4.15 | 2.1 | 1.89 | 1.86 | 1.86 | 1.86 | 1.86 | 2.22 | 2.15 |
| Public | 5.75 | 16.66 | 19.15 | 19.52 | 19.54 | 19.39 | 18.73 | 17.53 | 16.17 | 15.65 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 46.95 | 46.95 | 46.95 | 46.95 | 46.95 | 46.95 | 46.95 | 46.95 | 46.95 | 46.95 |
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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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