Market Cap ₹132 Cr.
Stock P/E -0.8
P/B 0.7
Current Price ₹9.6
Book Value ₹ 14.5
Face Value 10
52W High ₹0
Dividend Yield 0%
52W Low ₹ 0
Mideast Integrated Steels Limited, incorporated on September 7, 1992, is a prominent name in the Indian steel industry, listed on the Bombay Stock Exchange (BSE) under the ticker MESCON. The company is headquartered in New Delhi and operates with an authorized share capital of INR 180.00 cr and a paid-up capital of INR 137.88 cr. Company’s business operations are primarily focused on the extraction of iron ore and the production of pig iron. Its product range includes iron ore fines, calibrated lump ore, pig iron scrap, coke breeze, granulated slag, and lime slurry, catering to a diverse clientele in the domestic market4. Mideast Integrated Steels Limited’s commitment to quality and innovation is reflected in its financial performance. Leadership includes directors such as Rita Singh and Sanjiv Batra, who bring a wealth of experience and expertise to the table.
Price goes above X
Price falls below X
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PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 0 | 89 | 209 | 207 | 175 | 250 | 273 | 212 | 132 |
| Other Income | 1 | 48 | 55 | 0 | 1 | 7 | 22 | 0 | 0 | 0 |
| Total Income | 2 | 48 | 144 | 209 | 209 | 182 | 272 | 273 | 212 | 132 |
| Total Expenditure | 3 | 3 | 92 | 216 | 206 | 166 | 338 | 280 | 162 | 132 |
| Operating Profit | -1 | 45 | 53 | -7 | 2 | 16 | -66 | -7 | 50 | 1 |
| Interest | 3 | 3 | 60 | 10 | 11 | 13 | 16 | 12 | 12 | 15 |
| Depreciation | 16 | 16 | -12 | 16 | 16 | 17 | 17 | 16 | 14 | 19 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -23 | -0 | -0 | -1 |
| Profit Before Tax | -20 | 26 | 4 | -33 | -25 | -14 | -122 | -36 | 23 | -34 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 8 | -10 |
| Profit After Tax | -20 | 26 | 4 | -33 | -25 | -14 | -123 | -41 | 15 | -24 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -20 | 26 | 4 | -33 | -25 | -14 | -123 | -41 | 15 | -24 |
| Adjusted Earnings Per Share | -1.4 | 1.9 | 0.3 | -2.4 | -1.8 | -1 | -8.9 | -2.9 | 1.1 | -1.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 558 | 707 | 659 | 948 | 1062 | 403 | 192 | 228 | 803 | 867 |
| Other Income | 81 | 25 | 25 | 14 | 84 | 48 | 7 | 231 | 31 | 22 |
| Total Income | 640 | 732 | 684 | 961 | 1146 | 451 | 199 | 459 | 833 | 889 |
| Total Expenditure | 569 | 636 | 554 | 763 | 1036 | 452 | 240 | 230 | 831 | 912 |
| Operating Profit | 71 | 96 | 130 | 199 | 110 | -1 | -41 | 229 | 3 | -22 |
| Interest | 8 | 73 | 101 | 173 | 109 | 11 | 16 | 35 | 50 | 55 |
| Depreciation | 59 | 92 | 84 | 83 | 82 | 82 | 68 | 68 | 66 | 66 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 262 | -23 | -24 |
| Profit Before Tax | 4 | -69 | -54 | -58 | -81 | -94 | -124 | 388 | -136 | -169 |
| Provision for Tax | 3 | 3 | -14 | 7 | 5 | 6 | 2 | 0 | 59 | 5 |
| Profit After Tax | 1 | -72 | -41 | -64 | -87 | -100 | -126 | 388 | -195 | -173 |
| Adjustments | 0 | 25 | 0 | 0 | 0 | 0 | 1 | -2 | 0 | 0 |
| Profit After Adjustments | 1 | -47 | -40 | -64 | -86 | -99 | -126 | 386 | -195 | -173 |
| Adjusted Earnings Per Share | 0.1 | -3.4 | -2.9 | -4.6 | -6.3 | -7.2 | -9.1 | 28 | -14.2 | -12.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 252% | 26% | -3% | 0% |
| Operating Profit CAGR | -99% | 0% | -57% | 0% |
| PAT CAGR | -150% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 0% | -9% | -5% | NA% |
| ROE Average | -40% | 3% | -6% | -7% |
| ROCE Average | -10% | 9% | 4% | 4% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 618 | 611 | 629 | 549 | 470 | 324 | 200 | 588 | 392 |
| Minority's Interest | 353 | 353 | 43 | 52 | 99 | 113 | 127 | 128 | 131 |
| Borrowings | 485 | 457 | 382 | 387 | 356 | 347 | 344 | 170 | 189 |
| Other Non-Current Liabilities | 587 | 674 | 571 | 515 | 437 | 441 | 440 | 315 | 314 |
| Total Current Liabilities | 383 | 362 | 404 | 625 | 714 | 694 | 661 | 645 | 663 |
| Total Liabilities | 2425 | 2458 | 2029 | 2128 | 2077 | 1920 | 1772 | 1847 | 1688 |
| Fixed Assets | 1743 | 1825 | 1326 | 1268 | 1193 | 1105 | 1037 | 1038 | 981 |
| Other Non-Current Assets | 359 | 327 | 399 | 428 | 452 | 447 | 440 | 395 | 316 |
| Total Current Assets | 322 | 306 | 304 | 432 | 432 | 369 | 295 | 414 | 392 |
| Total Assets | 2425 | 2458 | 2029 | 2128 | 2077 | 1920 | 1772 | 1847 | 1688 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 68 | 50 | 19 | 19 | 44 | 50 | 44 | 14 | 17 |
| Cash Flow from Operating Activities | 48 | 161 | 187 | 168 | -46 | -100 | -11 | -214 | 3 |
| Cash Flow from Investing Activities | -69 | -99 | -50 | -17 | 17 | 35 | 20 | 46 | 26 |
| Cash Flow from Financing Activities | -4 | -93 | -136 | -126 | 35 | 27 | -44 | 171 | -18 |
| Net Cash Inflow / Outflow | -25 | -31 | 0 | 25 | 6 | -38 | -34 | 2 | 10 |
| Closing Cash & Cash Equivalent | 43 | 19 | 19 | 44 | 50 | 12 | 10 | 17 | 26 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.07 | -3.42 | -2.92 | -4.63 | -6.26 | -7.2 | -9.11 | 28.01 | -14.16 |
| CEPS(Rs) | 4.32 | 1.43 | 3.13 | 1.36 | -0.31 | -1.26 | -4.26 | 33.06 | -9.38 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 44.8 | 44.33 | 45.62 | 39.79 | 34.12 | 23.52 | 14.5 | 42.67 | 28.43 |
| Core EBITDA Margin(%) | -1.67 | 9.25 | 14.83 | 17.34 | 2.08 | -10.24 | -23.55 | -1.06 | -2.97 |
| EBIT Margin(%) | 2 | 0.54 | 6.59 | 10.85 | 2.2 | -17.48 | -53.44 | 180.1 | -9.13 |
| Pre Tax Margin(%) | 0.67 | -8.95 | -7.68 | -5.39 | -6.51 | -19.72 | -61.29 | 165.16 | -14.44 |
| PAT Margin (%) | 0.16 | -9.36 | -5.73 | -6.02 | -6.92 | -20.98 | -62.27 | 165.16 | -20.69 |
| Cash Profit Margin (%) | 9.59 | 2.56 | 6.1 | 1.76 | -0.34 | -3.66 | -28.96 | 194.13 | -13.69 |
| ROA(%) | 0.04 | -2.95 | -1.81 | -3.09 | -4.12 | -4.99 | -6.84 | 21.43 | -11.05 |
| ROE(%) | 0.16 | -11.7 | -6.53 | -10.9 | -17 | -25.08 | -48.19 | 98.4 | -39.87 |
| ROCE(%) | 1.09 | 0.36 | 4.14 | 10.76 | 2.72 | -9.11 | -13.92 | 50.33 | -9.77 |
| Receivable days | 3.84 | 4.07 | 4.23 | 3.06 | 8.79 | 34.39 | 69.97 | 61.47 | 16.91 |
| Inventory Days | 116.66 | 85.32 | 92.22 | 77.82 | 68.33 | 152.5 | 318.34 | 321.19 | 90.14 |
| Payable days | 88.11 | 112.99 | 173.6 | 179.88 | 127.65 | 322.04 | 5699.83 | 1217.17 | 126.66 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.36 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 1.17 | 0.41 | 0.16 | 0.46 | 0.24 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.09 | 0.88 | 0.86 | 1.12 | 0.6 | 1.35 | 3.02 | 2.14 | 0.63 |
| EV/Core EBITDA(x) | 8.59 | 6.53 | 4.37 | 5.36 | 5.81 | -710.21 | -14.24 | 2.13 | 201.24 |
| Net Sales Growth(%) | 0 | 26.63 | -6.79 | 43.82 | 12.08 | -62.07 | -52.29 | 18.48 | 252.49 |
| EBIT Growth(%) | 0 | -66.89 | 1031.3 | 148.17 | -76.21 | -401.76 | -30.51 | 490.16 | -120.38 |
| PAT Growth(%) | 0 | -7164.24 | 43.68 | -58.4 | -34.99 | -15.09 | -26.71 | 407.04 | -150.39 |
| EPS Growth(%) | 0 | -4729.96 | 14.6 | -58.75 | -35 | -15.09 | -26.5 | 407.57 | -150.54 |
| Debt/Equity(x) | 0.85 | 0.87 | 0.76 | 0.9 | 1.08 | 1.6 | 2.58 | 0.64 | 1.04 |
| Current Ratio(x) | 0.84 | 0.85 | 0.75 | 0.69 | 0.61 | 0.53 | 0.45 | 0.64 | 0.59 |
| Quick Ratio(x) | 0.32 | 0.4 | 0.27 | 0.28 | 0.31 | 0.26 | 0.19 | 0.26 | 0.26 |
| Interest Cover(x) | 1.5 | 0.06 | 0.46 | 0.67 | 0.25 | -7.82 | -6.81 | 12.05 | -1.72 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0.77 | 2.61 | 9.79 | 5.65 | 2.72 | 0 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.54 | 53.59 | 53.59 | 53.59 | 53.59 | 53.59 | 53.59 | 53.59 | 53.59 | 53.59 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Public | 34.32 | 46.26 | 46.26 | 46.26 | 46.26 | 46.26 | 46.26 | 46.26 | 46.26 | 46.26 |
| 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 | 9.04 | 7.39 | 7.39 | 7.39 | 7.39 | 7.39 | 7.39 | 7.39 | 7.39 | 7.39 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Public | 4.73 | 6.38 | 6.38 | 6.38 | 6.38 | 6.38 | 6.38 | 6.38 | 6.38 | 6.38 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13.79 | 13.79 | 13.79 | 13.79 | 13.79 | 13.79 | 13.79 | 13.79 | 13.79 | 13.79 |
Pros
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Sell or Purchase Share (Tentative Price)
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