Market Cap ₹464 Cr.
Stock P/E 156.1
P/B 3
Current Price ₹243
Book Value ₹ 82.2
Face Value 10
52W High ₹259.9
Dividend Yield 0%
52W Low ₹ 102.6
Panchmahal Steel Ltd is a producer of stainless steel long products in India. The Company's merchandise consist of bars and rods of chrome steel, different bars and rods of stainless steel, and wires of stainless-steel. The Company offers a variety of stainless-steel grades, in hot rolled wire rod and bars, and cold finished bars and wires. Its facilities for cold finished bars and wires encompass coil-to-bar drawing and bar-to-bar peeling lines, shot blasting and pickling lines and spooling, reducing and stamping lines for stainless-steel welding merchandise. It offers stainless-steel wire rod and bars in austenitic, martensitic, ferritic, duplex and coffee nickel-high manganese (200 Series) grades for forming, drawing, machining, and cold heading and fastener programs. It offers heat resistant wires; wires for braiding, weaving, knitting and filters; wires for spring, and wires for ball making. Its welding product variety includes core wires in coils and cut length for electrode manufacturing.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 161 | 176 | 135 | 108 | 116 | 130 | 107 | 119 | 103 | 98 |
| Other Income | 1 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 1 |
| Total Income | 163 | 179 | 135 | 109 | 116 | 130 | 108 | 120 | 104 | 100 |
| Total Expenditure | 140 | 154 | 119 | 110 | 121 | 124 | 103 | 115 | 101 | 93 |
| Operating Profit | 23 | 24 | 17 | -1 | -4 | 6 | 5 | 5 | 4 | 7 |
| Interest | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 19 | 21 | 14 | -5 | -8 | 1 | 0 | 1 | -0 | 3 |
| Provision for Tax | 0 | 3 | 4 | -1 | -2 | 0 | 0 | 0 | -0 | 1 |
| Profit After Tax | 19 | 18 | 10 | -3 | -6 | 1 | 0 | 1 | -0 | 2 |
| Adjustments | 0 | -0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 19 | 18 | 10 | -3 | -6 | 1 | 0 | 1 | -0 | 2 |
| Adjusted Earnings Per Share | 10 | 9.6 | 5.2 | -1.8 | -3.2 | 0.6 | 0.1 | 0.4 | -0.2 | 1.3 |
| #(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 | 341 | 327 | 391 | 290 | 329 | 396 | 453 | 330 | 339 | 574 | 489 | 427 |
| Other Income | 2 | 1 | 1 | 3 | 4 | 5 | 2 | 2 | 4 | 4 | 1 | 4 |
| Total Income | 343 | 328 | 392 | 293 | 333 | 401 | 455 | 333 | 343 | 578 | 490 | 432 |
| Total Expenditure | 320 | 316 | 380 | 292 | 312 | 379 | 430 | 327 | 316 | 498 | 473 | 412 |
| Operating Profit | 23 | 12 | 12 | 1 | 22 | 21 | 25 | 6 | 27 | 80 | 17 | 21 |
| Interest | 9 | 9 | 11 | 11 | 14 | 13 | 14 | 13 | 10 | 6 | 7 | 7 |
| Depreciation | 8 | 7 | 9 | 8 | 8 | 8 | 8 | 8 | 7 | 8 | 8 | 8 |
| Exceptional Income / Expenses | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 5 | -3 | -6 | -19 | 0 | 0 | 4 | -15 | 10 | 67 | 2 | 4 |
| Provision for Tax | 2 | -1 | -2 | -6 | -0 | -0 | 1 | 17 | 0 | 8 | 1 | 1 |
| Profit After Tax | 4 | -2 | -4 | -13 | 0 | 1 | 3 | -32 | 10 | 59 | 1 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 4 | -2 | -4 | -13 | 0 | 1 | 3 | -32 | 10 | 59 | 1 | 3 |
| Adjusted Earnings Per Share | 2 | -1 | -1.9 | -6.6 | 0.2 | 0.3 | 1.3 | -16.9 | 5.1 | 30.7 | 0.7 | 1.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -15% | 14% | 4% | 4% |
| Operating Profit CAGR | -79% | 42% | -4% | -3% |
| PAT CAGR | -98% | 0% | 0% | -13% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 77% | 58% | 44% | 6% |
| ROE Average | 1% | 19% | 6% | 2% |
| ROCE Average | 4% | 20% | 13% | 8% |
| #(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 | 138 | 138 | 134 | 121 | 121 | 121 | 124 | 92 | 102 | 160 | 154 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 9 | 9 | 9 | 9 | 9 | 0 | 0 |
| Other Non-Current Liabilities | 4 | -2 | -4 | -11 | -10 | -11 | -17 | 0 | 1 | 9 | 8 |
| Total Current Liabilities | 171 | 190 | 176 | 147 | 181 | 171 | 150 | 152 | 166 | 130 | 133 |
| Total Liabilities | 312 | 326 | 305 | 258 | 300 | 290 | 265 | 253 | 277 | 299 | 295 |
| Fixed Assets | 116 | 119 | 116 | 108 | 101 | 96 | 90 | 82 | 75 | 73 | 71 |
| Other Non-Current Assets | 17 | 10 | 9 | 9 | 9 | 7 | 4 | 4 | 5 | 5 | 8 |
| Total Current Assets | 179 | 197 | 180 | 141 | 189 | 187 | 172 | 167 | 198 | 221 | 216 |
| Total Assets | 312 | 326 | 305 | 258 | 300 | 290 | 265 | 253 | 277 | 299 | 295 |
| #(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 | 5 | 5 | 5 | 7 | 6 | 7 | 0 | 0 | 0 | 1 | 3 |
| Cash Flow from Operating Activities | 22 | 9 | 11 | 3 | 6 | 14 | 14 | 7 | 29 | 38 | -30 |
| Cash Flow from Investing Activities | -11 | -2 | -4 | 1 | 1 | -1 | 0 | 3 | -0 | -3 | -6 |
| Cash Flow from Financing Activities | -11 | -7 | -6 | -6 | -6 | -14 | -14 | -10 | -28 | -32 | 34 |
| Net Cash Inflow / Outflow | 0 | -0 | 2 | -1 | 1 | -0 | -0 | 0 | 1 | 2 | -3 |
| Closing Cash & Cash Equivalent | 5 | 5 | 7 | 6 | 7 | 7 | 0 | 0 | 1 | 3 | 0 |
| # | 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) | 1.98 | -0.96 | -1.85 | -6.6 | 0.15 | 0.29 | 1.34 | -16.88 | 5.14 | 30.71 | 0.72 |
| CEPS(Rs) | 6.3 | 2.63 | 2.68 | -2.31 | 4.23 | 4.39 | 5.34 | -12.89 | 9.05 | 34.69 | 4.89 |
| DPS(Rs) | 1.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 |
| Book NAV/Share(Rs) | 72.87 | 72.37 | 70.11 | 63.51 | 63.66 | 63.39 | 64.73 | 48.08 | 53.28 | 83.84 | 80.63 |
| Core EBITDA Margin(%) | 5.6 | 2.98 | 2.49 | -0.59 | 4.94 | 4.14 | 5.05 | 1.18 | 6.81 | 13.26 | 3.18 |
| EBIT Margin(%) | 4.01 | 1.79 | 1.19 | -2.34 | 3.8 | 3.34 | 3.84 | -0.51 | 5.9 | 12.63 | 1.84 |
| Pre Tax Margin(%) | 1.45 | -0.83 | -1.32 | -5.91 | 0.07 | 0.1 | 0.84 | -4.6 | 2.89 | 11.6 | 0.39 |
| PAT Margin (%) | 1.03 | -0.51 | -0.83 | -3.97 | 0.08 | 0.14 | 0.56 | -9.75 | 2.89 | 10.21 | 0.28 |
| Cash Profit Margin (%) | 3.27 | 1.41 | 1.21 | -1.39 | 2.23 | 2.11 | 2.25 | -7.44 | 5.09 | 11.54 | 1.91 |
| ROA(%) | 1.18 | -0.57 | -1.12 | -4.47 | 0.11 | 0.19 | 0.92 | -12.44 | 3.7 | 20.34 | 0.46 |
| ROE(%) | 2.73 | -1.32 | -2.6 | -9.88 | 0.24 | 0.45 | 2.09 | -29.93 | 10.15 | 44.78 | 0.88 |
| ROCE(%) | 7.95 | 3.4 | 2.66 | -3.97 | 7.35 | 6.96 | 9.08 | -0.95 | 12.48 | 42.06 | 4.29 |
| Receivable days | 26.66 | 32.18 | 27.92 | 30.94 | 33.95 | 36.76 | 25.91 | 29 | 31.46 | 23.67 | 32 |
| Inventory Days | 136.31 | 132.94 | 109.64 | 131.04 | 119.74 | 120.03 | 105.06 | 144.96 | 150.53 | 100.06 | 119.72 |
| Payable days | 69.67 | 72.21 | 53.14 | 51.52 | 110.36 | 136.56 | 105.19 | 128.36 | 155.95 | 99.06 | 71.94 |
| PER(x) | 28.23 | 0 | 0 | 0 | 229.72 | 130.07 | 28.93 | 0 | 6.2 | 4.82 | 189.3 |
| Price/Book(x) | 0.77 | 1.89 | 0.63 | 0.28 | 0.56 | 0.59 | 0.6 | 0.33 | 0.6 | 1.77 | 1.7 |
| Dividend Yield(%) | 2.23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.7 | 0 |
| EV/Net Sales(x) | 0.44 | 0.94 | 0.34 | 0.31 | 0.4 | 0.34 | 0.3 | 0.29 | 0.32 | 0.52 | 0.68 |
| EV/Core EBITDA(x) | 6.55 | 26.41 | 11.45 | 116.62 | 6.04 | 6.36 | 5.45 | 16.42 | 3.92 | 3.75 | 19.48 |
| Net Sales Growth(%) | -26.58 | -4.1 | 19.48 | -25.71 | 13.52 | 20.19 | 14.43 | -27.06 | 2.57 | 69.21 | -14.81 |
| EBIT Growth(%) | -18.98 | -56.31 | -20.85 | -246.65 | 285.8 | -3.35 | 30.94 | -109.74 | 1277.94 | 262.47 | -87.61 |
| PAT Growth(%) | -34.79 | -148.65 | -93.42 | -256.67 | 102.34 | 86.09 | 367.65 | -1359.03 | 130.45 | 497.17 | -97.65 |
| EPS Growth(%) | -34.79 | -148.21 | -93.42 | -256.67 | 102.34 | 86.09 | 367.65 | -1359.03 | 130.45 | 497.16 | -97.65 |
| Debt/Equity(x) | 0.35 | 0.37 | 0.42 | 0.51 | 0.57 | 0.58 | 0.56 | 0.79 | 0.54 | 0.18 | 0.5 |
| Current Ratio(x) | 1.05 | 1.04 | 1.03 | 0.95 | 1.05 | 1.09 | 1.15 | 1.1 | 1.19 | 1.7 | 1.62 |
| Quick Ratio(x) | 0.3 | 0.34 | 0.33 | 0.24 | 0.31 | 0.34 | 0.27 | 0.24 | 0.3 | 0.42 | 0.46 |
| Interest Cover(x) | 1.56 | 0.68 | 0.47 | -0.65 | 1.02 | 1.03 | 1.28 | -0.13 | 1.96 | 12.28 | 1.27 |
| Total Debt/Mcap(x) | 0.46 | 0.2 | 0.67 | 1.81 | 1.03 | 0.98 | 0.94 | 2.4 | 0.9 | 0.1 | 0.29 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.58 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 4.54 | 3.93 | 3.93 | 3.93 | 3.93 | 3.93 | 3.93 | 3.93 | 3.93 | 3.93 |
| Public | 20.88 | 21.17 | 21.17 | 21.17 | 21.17 | 21.17 | 21.17 | 21.17 | 21.17 | 21.17 |
| 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 | 1.42 | 1.43 | 1.43 | 1.43 | 1.43 | 1.43 | 1.43 | 1.43 | 1.43 | 1.43 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Public | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 |
Pros
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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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| 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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