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Consolidated Standalone

Nova Iron & Steel

₹27.3 1 | 3.8%

Market Cap ₹99 Cr.

Stock P/E -6.8

P/B -1.9

Current Price ₹27.3

Book Value ₹ -14.5

Face Value 10

52W High ₹39.7

Dividend Yield 0%

52W Low ₹ 8.2

Edit Ratio

Nova Iron & Steel Research see more...

Overview Inc. Year: 1989Industry: Steel & Iron Products

Nova Iron & Steel Share Price

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Price

Quarterly Price

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Peer Comparison

Nova Iron & Steel Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 126 155 149 175 186 159 166 182 122 113
Other Income 1 1 0 7 1 0 1 2 1 4
Total Income 127 156 149 182 187 160 167 184 123 117
Total Expenditure 106 171 158 155 180 155 177 177 123 107
Operating Profit 21 -15 -9 27 7 4 -10 7 -0 10
Interest 0 0 0 24 2 2 1 3 3 3
Depreciation 2 3 3 2 2 2 2 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 19 -18 -12 0 3 0 -14 2 -6 4
Provision for Tax 1 1 2 -0 1 1 1 0 -1 0
Profit After Tax 18 -19 -14 1 2 -1 -15 2 -6 4
Adjustments 0 -0 -0 -0 0 0 -0 0 0 0
Profit After Adjustments 18 -19 -14 1 2 -1 -15 2 -6 4
Adjusted Earnings Per Share 4.9 -5.2 -3.9 0.1 0.6 -0.2 -4.1 0.5 -1.6 1.1

Nova Iron & Steel Profit & Loss

#(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 121 53 9 16 53 20 4 52 345 605 698 583
Other Income 0 0 0 0 0 2 2 3 7 8 5 8
Total Income 122 53 9 16 53 21 5 55 352 614 703 591
Total Expenditure 116 35 10 15 43 11 7 89 337 590 672 584
Operating Profit 6 19 -0 1 11 10 -2 -34 14 24 31 7
Interest 7 9 6 6 7 7 0 0 1 25 17 10
Depreciation 3 3 2 1 1 1 1 7 9 10 10 11
Exceptional Income / Expenses 0 0 6 2 0 0 4 0 0 0 0 0
Profit Before Tax -4 7 -2 -4 3 2 1 -41 5 -11 3 -14
Provision for Tax 0 0 -0 0 0 -0 0 10 17 4 5 0
Profit After Tax -5 7 -2 -4 3 2 1 -52 -12 -15 -2 -15
Adjustments 0 0 0 0 0 0 0 0 0 0 -0 0
Profit After Adjustments -5 7 -2 -4 3 2 1 -52 -12 -15 -2 -15
Adjusted Earnings Per Share -1.3 1.9 -0.6 -1.2 0.7 0.6 0.2 -14.3 -3.3 -4.1 -0.5 -4.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 138% 104% 19%
Operating Profit CAGR 29% 0% 25% 18%
PAT CAGR 0% 0% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 191% 20% 36% 4%
ROE Average 0% 0% -259% -117%
ROCE Average 7% 5% 1% 3%

Nova Iron & Steel Balance Sheet

#(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 24 31 29 24 26 29 30 -22 -33 -49 -53
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 162 313
Other Non-Current Liabilities 1 1 10 7 8 7 3 17 35 40 39
Total Current Liabilities 93 143 234 283 284 322 432 425 487 385 200
Total Liabilities 117 174 272 314 319 358 465 419 488 538 499
Fixed Assets 56 63 62 64 63 62 61 380 372 361 361
Other Non-Current Assets 31 99 188 211 242 275 326 4 6 7 16
Total Current Assets 31 12 22 39 14 20 78 35 111 170 122
Total Assets 117 174 272 314 319 358 465 419 488 538 499

Nova Iron & Steel Cash Flow

#(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 7 1 1 0 0 1 0 0 0 1 1
Cash Flow from Operating Activities 35 86 1 13 33 -3 -48 9 18 3 18
Cash Flow from Investing Activities -38 -78 -88 -28 -31 -32 -50 -4 -0 1 -1
Cash Flow from Financing Activities -3 -8 88 15 -2 35 99 -6 -17 -4 -17
Net Cash Inflow / Outflow -6 -1 -0 0 0 -0 0 -0 1 0 -0
Closing Cash & Cash Equivalent 1 1 0 0 1 0 0 0 1 1 1

Nova Iron & Steel Ratios

# 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) -1.32 1.93 -0.55 -1.23 0.71 0.63 0.17 -14.26 -3.3 -4.09 -0.5
CEPS(Rs) -0.56 2.63 -0.08 -0.86 1.04 0.91 0.42 -12.23 -0.88 -1.34 2.25
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 6.53 8.46 7.91 6.59 7.3 8.15 8.34 -6.14 -9.16 -13.44 -14.58
Core EBITDA Margin(%) 4.08 33.06 -5.08 5.98 18.29 43.12 -92.87 -70.74 2.26 2.6 3.67
EBIT Margin(%) 2.08 28.66 41.96 10.81 16.48 46.04 28.95 -78.97 1.67 2.35 2.97
Pre Tax Margin(%) -3.35 12.5 -22.4 -24.58 4.73 11.54 18.59 -79.34 1.5 -1.77 0.49
PAT Margin (%) -3.56 12.41 -21.31 -26.12 4.52 11.58 17.24 -98.72 -3.45 -2.44 -0.26
Cash Profit Margin (%) -1.51 16.94 -3.19 -18.33 6.61 16.75 42.41 -84.69 -0.93 -0.8 1.16
ROA(%) -4.19 4.78 -0.89 -1.52 0.81 0.67 0.15 -11.65 -2.63 -2.88 -0.35
ROE(%) -18.89 25.74 -6.74 -16.96 10.22 8.16 2.09 -1295.73 0 0 0
ROCE(%) 2.76 15.37 2.54 0.88 4.24 3.67 0.33 -12.21 1.97 5.06 7.38
Receivable days 2.07 0 0 0.06 0.74 80.27 582.72 20.5 3.25 1.2 0.37
Inventory Days 80.97 107.1 398.57 447.85 110.68 92.85 2221.48 164.01 39.99 56.65 51.72
Payable days 22.74 162.94 1519.48 496.63 91.27 747.85 0 325.82 133.45 90.36 66.33
PER(x) 0 9.9 0 0 16.61 10.71 28.31 0 0 0 0
Price/Book(x) 1.55 2.26 1.01 1.03 1.62 0.83 0.58 -0.37 -0.75 -0.62 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.93 2.75 21.93 13.91 4.5 13.44 98.58 6.46 0.97 0.59 0.52
EV/Core EBITDA(x) 20.34 7.84 -685.58 191.24 22.75 26.16 -210.82 -9.96 23.15 14.92 11.95
Net Sales Growth(%) 67.65 -56.21 -82.85 70.97 241.59 -63.19 -81.61 1347.56 560.47 75.57 15.31
EBIT Growth(%) 122.42 476.71 -75.65 -53.12 408.65 -3.19 -88.48 -4049.2 113.98 146.67 45.6
PAT Growth(%) 69.83 245.91 -128.57 -123.1 157.75 -11.25 -72.71 -8390.45 76.89 -24.09 87.87
EPS Growth(%) -25.71 245.91 -128.57 -123.11 157.75 -11.25 -72.72 -8391.16 76.89 -24.09 87.87
Debt/Equity(x) 3.28 2.55 6 8.09 7.49 8.12 11.22 -14.83 -9.41 -6.83 -6.28
Current Ratio(x) 0.33 0.09 0.09 0.14 0.05 0.06 0.18 0.08 0.23 0.44 0.61
Quick Ratio(x) 0.05 0.04 0.04 0.04 0.03 0.05 0.09 0.07 0.09 0.13 0.22
Interest Cover(x) 0.38 1.77 0.65 0.31 1.4 1.33 2.79 -210.74 9.85 0.57 1.2
Total Debt/Mcap(x) 2.11 1.13 5.97 7.87 4.64 9.81 19.22 39.79 12.56 11.1 0

Nova Iron & Steel Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 69.81 69.81 69.81 69.81 69.81 69.81 69.81 69.81 44.16 44.16
FII 0 0 0 0 0 0 0 0 0 0
DII 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32 1.32
Public 28.87 28.87 28.87 28.87 28.87 28.87 28.87 28.87 54.52 54.52
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at -1.9 times its book value
  • Debtor days have improved from 90.36 to 66.33days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.16%.
  • Company has a low return on equity of 0% over the last 3 years.

* 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.

Nova Iron & Steel News

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