WEBSITE BSE:526093 NSE: SATVAH.ISPAT Inc. Year: 1989 Industry: Steel/Sponge Iron/Pig Iron My Bucket: Add Stock
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Sathavahana Ispat Ltd was an Indian public limited company incorporated in 1989 and headquartered in Hyderabad, Telangana. It operated in the iron and steel manufacturing sector, primarily engaged in the production and sale of pig iron, metallurgical coke and related products, and it also had capabilities in power generation through co‑generation/thermal power facilities as part of its integrated operations. The company produced pig iron using mini blast furnace technology and supplied this basic metal product for use in foundries and steelma...Read More
Sathavahana Ispat Ltd was an Indian public limited company incorporated in 1989 and headquartered in Hyderabad, Telangana. It operated in the iron and steel manufacturing sector, primarily engaged in the production and sale of pig iron, metallurgical coke and related products, and it also had capabilities in power generation through co‑generation/thermal power facilities as part of its integrated operations. The company produced pig iron using mini blast furnace technology and supplied this basic metal product for use in foundries and steelmaking, while metallurgical coke served as a key input for iron production, reflecting its role in the upstream metal supply chain. Over time, Sathavahana Ispat built backward and forward integrated assets—including sinter plants, captive power plants and ductile iron facilities—to strengthen its manufacturing base. Listed on both the Bombay Stock Exchange and the National Stock Exchange, the company faced financial stress in the early 2020s, leading to insolvency proceedings under India’s Insolvency and Bankruptcy Code. In 2023, a resolution plan approved by the National Company Law Tribunal resulted in Jindal Saw Ltd acquiring and merging with Sathavahana Ispat, after which the company’s shares were delisted and it became a wholly owned part of Jindal Saw, ending its independent listed status. The merger was intended to leverage synergies between the acquired manufacturing assets and Jindal Saw’s established market presence in steel products, aiming to increase production and operational efficiency under new ownership ...Read Less
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Market Cap ₹12 Cr.
Stock P/E -0.1
P/B -0
Current Price ₹2.3
Book Value ₹ -227
Face Value 10
52W High ₹0
Dividend Yield 0%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Jun 2022 | Sep 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 11 | 7 | 5 | 4 | 11 | 7 | 7 | 1 | 0 | 15 |
| Other Income | 0 | 0 | 0 | 10 | 0 | 3 | 1 | 0 | 0 | 0 |
| Total Income | 11 | 7 | 6 | 14 | 11 | 10 | 8 | 1 | 0 | 15 |
| Total Expenditure | 12 | 8 | 9 | 11 | 5 | 8 | 5 | 2 | 2 | 14 |
| Operating Profit | -1 | -1 | -3 | 3 | 6 | 1 | 3 | -2 | -2 | 2 |
| Interest | 51 | 52 | 54 | 125 | 63 | 76 | 79 | 0 | 0 | 0 |
| Depreciation | 11 | 11 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -63 | -64 | -68 | -131 | -68 | -85 | -87 | -12 | -12 | -8 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | -63 | -64 | -68 | -131 | -68 | -85 | -87 | -12 | -12 | -9 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -63 | -64 | -68 | -131 | -68 | -85 | -87 | -12 | -12 | -9 |
| Adjusted Earnings Per Share | -12.3 | -12.7 | -13.3 | -25.8 | -13.3 | -16.7 | -17 | -2.3 | -2.3 | -1.8 |
| #(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 | 634 | 751 | 938 | 980 | 1180 | 1096 | 244 | 499 | 273 | 27 | 28 | 23 |
| Other Income | 13 | 13 | 9 | 7 | 9 | 12 | 8 | 8 | 9 | 11 | 15 | 1 |
| Total Income | 646 | 764 | 947 | 987 | 1189 | 1108 | 252 | 507 | 282 | 37 | 44 | 24 |
| Total Expenditure | 670 | 664 | 910 | 884 | 1098 | 1006 | 367 | 483 | 356 | 40 | 36 | 23 |
| Operating Profit | -24 | 101 | 37 | 102 | 91 | 102 | -115 | 24 | -74 | -2 | 7 | 1 |
| Interest | 44 | 72 | 68 | 50 | 105 | 118 | 141 | 175 | 192 | 281 | 90 | 79 |
| Depreciation | 20 | 23 | 23 | 25 | 46 | 48 | 51 | 47 | 45 | 42 | 40 | 40 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -87 | 6 | -54 | 28 | -60 | -64 | -306 | -228 | -311 | -326 | -123 | -119 |
| Provision for Tax | -8 | 4 | 4 | 2 | -25 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | -79 | 2 | -58 | 26 | -34 | -64 | -306 | -228 | -311 | -326 | -123 | -120 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -79 | 2 | -58 | 26 | -34 | -64 | -306 | -228 | -311 | -326 | -123 | -120 |
| Adjusted Earnings Per Share | -21.8 | 0.6 | -11.4 | 5.1 | -6.7 | -12.6 | -60.2 | -44.8 | -61.1 | -64 | -24.1 | -23.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | -62% | -52% | -27% |
| Operating Profit CAGR | 0% | -34% | -41% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -10% | -10% | -7% | -28% |
| ROE Average | 0% | 0% | -1489% | -687% |
| ROCE Average | -7% | -13% | -13% | -4% |
| #(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 | 181 | 192 | 179 | 203 | 169 | 157 | -148 | -375 | -684 | -1009 | -1132 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 126 | 192 | 328 | 361 | 368 | 281 | 206 | 127 | 52 | 0 | 0 |
| Other Non-Current Liabilities | 26 | 31 | 32 | 27 | 2 | 6 | 5 | 4 | 2 | 2 | 1 |
| Total Current Liabilities | 789 | 638 | 893 | 797 | 795 | 898 | 952 | 1204 | 1462 | 1777 | 1850 |
| Total Liabilities | 1121 | 1052 | 1431 | 1388 | 1334 | 1341 | 1014 | 959 | 832 | 769 | 719 |
| Fixed Assets | 346 | 374 | 352 | 328 | 811 | 827 | 778 | 731 | 686 | 644 | 603 |
| Other Non-Current Assets | 78 | 155 | 437 | 547 | 41 | 44 | 45 | 47 | 49 | 44 | 44 |
| Total Current Assets | 697 | 523 | 642 | 513 | 482 | 470 | 191 | 181 | 97 | 81 | 72 |
| Total Assets | 1121 | 1052 | 1431 | 1388 | 1334 | 1341 | 1014 | 959 | 832 | 769 | 719 |
| #(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 | 22 | 67 | 45 | 99 | 3 | 2 | 1 | 11 | 6 | 3 | 0 |
| Cash Flow from Operating Activities | -148 | 47 | 43 | 133 | 235 | 131 | -308 | 3 | -2 | -0 | -1 |
| Cash Flow from Investing Activities | -69 | -83 | -267 | -75 | -86 | -18 | 71 | 19 | 2 | -2 | 2 |
| Cash Flow from Financing Activities | 263 | 13 | 279 | -154 | -149 | -114 | 247 | -26 | -4 | -0 | -1 |
| Net Cash Inflow / Outflow | 45 | -22 | 54 | -96 | -1 | -2 | 10 | -4 | -3 | -3 | 1 |
| Closing Cash & Cash Equivalent | 67 | 45 | 99 | 3 | 2 | 1 | 11 | 6 | 3 | 0 | 1 |
| # | 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) | -21.81 | 0.57 | -11.4 | 5.07 | -6.75 | -12.62 | -60.19 | -44.75 | -61.05 | -64.05 | -24.1 |
| CEPS(Rs) | -16.35 | 6.63 | -6.85 | 9.89 | 2.29 | -3.15 | -50.26 | -35.44 | -52.25 | -55.74 | -16.15 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 48.77 | 49.92 | 35.1 | 39.85 | 33.11 | 30.78 | -29.16 | -73.74 | -134.32 | -198.24 | -222.45 |
| Core EBITDA Margin(%) | -5.25 | 10.91 | 2.78 | 9.03 | 6.65 | 7.94 | -49.36 | 3.19 | -30.49 | -48.24 | -27.85 |
| EBIT Margin(%) | -6.31 | 9.62 | 1.37 | 7.37 | 3.66 | 4.73 | -66.41 | -10.66 | -43.56 | -166.57 | -117.01 |
| Pre Tax Margin(%) | -12.63 | 0.72 | -5.36 | 2.66 | -4.85 | -5.68 | -123.17 | -45.69 | -113.88 | -1218.21 | -435.09 |
| PAT Margin (%) | -11.54 | 0.27 | -5.72 | 2.45 | -2.79 | -5.68 | -123.17 | -45.69 | -113.88 | -1218.21 | -435.09 |
| Cash Profit Margin (%) | -8.65 | 3.16 | -3.43 | 4.77 | 0.94 | -1.42 | -102.86 | -36.18 | -97.45 | -1060.12 | -291.48 |
| ROA(%) | -8.55 | 0.2 | -4.67 | 1.83 | -2.52 | -4.8 | -26.01 | -23.08 | -34.69 | -40.71 | -16.48 |
| ROE(%) | -37.5 | 1.19 | -31.34 | 13.54 | -18.5 | -39.5 | -7446.34 | 0 | 0 | 0 | 0 |
| ROCE(%) | -7.28 | 10.55 | 1.55 | 7.89 | 5.04 | 6.47 | -20.09 | -6.94 | -19.98 | -10.7 | -6.93 |
| Receivable days | 47.94 | 60.03 | 53.81 | 56.71 | 51.88 | 49.02 | 135.93 | 52.32 | 77.38 | 551.93 | 503.87 |
| Inventory Days | 150.14 | 136.66 | 79.96 | 70.6 | 57.19 | 62.5 | 212.84 | 55.48 | 75.07 | 357.42 | 238.99 |
| Payable days | 159.49 | 163.12 | 107.2 | 129.78 | 147.76 | 190.05 | 374.11 | 67.15 | 102.63 | 1885.77 | 5384.9 |
| PER(x) | 0 | 78.91 | 0 | 6.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0.64 | 0.91 | 0.7 | 0.88 | 1.46 | 1.76 | -0.61 | -0.1 | -0.01 | -0.01 | -0.01 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.73 | 0.84 | 0.8 | 0.86 | 0.71 | 0.76 | 4.3 | 2.2 | 4.34 | 50.75 | 62.48 |
| EV/Core EBITDA(x) | -19.66 | 6.24 | 20.19 | 8.19 | 9.24 | 8.22 | -9.15 | 45.63 | -16 | -597.92 | 234.93 |
| Net Sales Growth(%) | -6.64 | 18.58 | 24.85 | 4.43 | 20.49 | -7.18 | -77.75 | 104.5 | -45.26 | -90.19 | 5.36 |
| EBIT Growth(%) | -140.73 | 278.04 | -82.05 | 460.75 | -42.07 | 18.62 | -408.77 | 67.83 | -123.69 | 62.5 | 25.99 |
| PAT Growth(%) | -240.51 | 102.77 | -2738.27 | 144.52 | -232.97 | -86.97 | -377.05 | 25.65 | -36.43 | -4.9 | 62.37 |
| EPS Growth(%) | -233.46 | 102.63 | -2090.24 | 144.52 | -232.97 | -86.97 | -377.05 | 25.65 | -36.43 | -4.9 | 62.37 |
| Debt/Equity(x) | 2.97 | 2.95 | 4.77 | 3.65 | 4.03 | 4.15 | -6.64 | -2.85 | -1.73 | -1.33 | -1.54 |
| Current Ratio(x) | 0.88 | 0.82 | 0.72 | 0.64 | 0.61 | 0.52 | 0.2 | 0.15 | 0.07 | 0.05 | 0.04 |
| Quick Ratio(x) | 0.44 | 0.42 | 0.51 | 0.37 | 0.4 | 0.28 | 0.13 | 0.08 | 0.04 | 0.03 | 0.03 |
| Interest Cover(x) | -1 | 1.08 | 0.2 | 1.56 | 0.43 | 0.45 | -1.17 | -0.3 | -0.62 | -0.16 | -0.37 |
| Total Debt/Mcap(x) | 4.68 | 3.26 | 6.86 | 4.15 | 2.76 | 2.36 | 10.85 | 28.93 | 135.51 | 93.79 | 111.81 |
| # | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 39.58 | 39.58 | 39.58 | 39.58 | 39.58 | 39.58 | 39.58 | 39.58 | 39.58 | 39.58 |
| FII | 0.33 | 0.33 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 0 | 0 |
| DII | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Public | 60.04 | 60.04 | 54.89 | 54.89 | 54.89 | 54.89 | 54.89 | 54.89 | 60.39 | 60.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 |
| FII | 0.02 | 0.02 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 3.06 | 3.06 | 2.79 | 2.79 | 2.79 | 2.79 | 2.79 | 2.79 | 3.07 | 3.07 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 |
* The pros and cons are machine generated.
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