Steel Exchange India

₹13.2 -0.4 | 2.9%

WEBSITE BSE:534748 NSE : STEEL EXCH 10 May, 16:01

Market Cap ₹1580 Cr.

Stock P/E 146.2

P/B 3.5

Current Price ₹13.2

Book Value ₹ 3.8

Face Value 1

52W High ₹18.4

Dividend Yield 0%

52W Low ₹ 7.9

Edit Ratio

Steel Exchange India Research see more...

Overview Inc. Year: 1999Industry: Steel/Sponge Iron/Pig Iron

Steel Exchange India Ltd is engaged in the business of manufacture and sale of iron and steel merchandise, and generation and sale of power. The Company's main commercial enterprise activities comprises Rebars (TMT) manufacturing, power and Rebars (TMT) buying and selling. The Company provides various products, which include TMT Bars, Sponge Iron, Steel Billet and Wire Drawing. The Company's commercial enterprise divisions consists of Trading Division, Steel Ingot Division, Wire Products Division and Integrated Steel Plant. The Trading department offers various products from finished metal products to associated gadgets, such as semis, coal, scrap, Sponge Iron, amongst others. The Steel Ingot Division manufactures ingots the use of sponge iron and scrap/pig iron. The Wire Products Division produces high carbon metal wire merchandise. The Integrated Steel Plant (ISP) of the Company is positioned at Vizianagaram District and consists of gadgets, along with Sponge Iron Unit, Rolling Unit and Captive Power Plant, amongst others.

Steel Exchange India Share Price

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Steel Exchange India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	263	367	365	315	304	398	251	269	256	312
Other Income	0	7	1	1	3	1	1	1	1	1
Total Income	263	374	365	315	307	399	252	270	258	313
Total Expenditure	210	339	331	287	304	363	231	250	233	279
Operating Profit	53	35	34	28	4	36	21	20	25	35
Interest	35	19	20	21	23	42	21	18	19	19
Depreciation	6	6	6	6	6	6	6	5	5	5
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	12	10	8	1	-25	-12	-5	-4	0	10
Provision for Tax	0	-102	0	0	0	31	0	0	0	-10
Profit After Tax	12	112	8	1	-25	-43	-5	-4	0	20
Adjustments	-0	0	0	0	0	0	0	-0	-0	0
Profit After Adjustments	12	112	8	1	-25	-43	-5	-4	0	20
Adjusted Earnings Per Share	0.1	1.3	0.1	0	-0.3	-0.4	-0	-0	0	0.2

Steel Exchange India 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	982	1255	1565	1671	1271	922	1024	781	898	1099	1375	1088
Other Income	20	7	12	11	8	8	14	15	36	22	7	4
Total Income	1001	1263	1578	1682	1279	930	1038	796	934	1122	1383	1093
Total Expenditure	886	1128	1390	1519	1197	933	1009	715	795	995	1281	993
Operating Profit	115	135	187	163	82	-3	29	81	140	126	102	101
Interest	63	80	128	123	157	136	10	3	26	88	106	77
Depreciation	12	15	25	27	30	29	30	27	25	24	24	21
Exceptional Income / Expenses	0	0	0	0	-53	-48	-7	-11	54	0	0	0
Profit Before Tax	40	39	35	14	-159	-215	-17	39	143	14	-28	1
Provision for Tax	-13	3	6	6	-2	-45	20	-25	3	-102	31	-10
Profit After Tax	53	36	28	7	-157	-170	-37	64	140	116	-59	11
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	53	36	28	7	-157	-170	-37	64	140	116	-59	11
Adjusted Earnings Per Share	1	0.7	0.5	0.1	-2.1	-2.2	-0.5	0.8	1.7	1.3	-0.6	0.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	21%	8%	3%
Operating Profit CAGR	-19%	8%	0%	-1%
PAT CAGR	-151%	NAN%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-18%	25%	54%	12%
ROE Average	-22%	17%	10%	2%
ROCE Average	11%	17%	11%	11%

Steel Exchange India 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	282	318	375	383	298	128	91	156	302	491	517
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	113	92	331	247	183	154	123	103	413	344	229
Other Non-Current Liabilities	21	51	102	95	98	54	74	49	52	-69	-38
Total Current Liabilities	801	880	1054	1142	1137	1198	1140	1079	222	280	384
Total Liabilities	1217	1342	1863	1868	1716	1533	1428	1387	989	1047	1092
Fixed Assets	325	350	614	591	695	717	691	666	612	596	579
Other Non-Current Assets	45	54	58	63	61	43	37	23	35	35	42
Total Current Assets	847	938	1190	1213	960	773	699	698	324	401	459
Total Assets	1217	1342	1863	1868	1716	1533	1428	1387	989	1047	1092

Steel Exchange India 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	2	3	3	11	5	2	1	1	26	2	15
Cash Flow from Operating Activities	77	147	91	166	-149	50	60	37	79	5	138
Cash Flow from Investing Activities	-10	-46	-34	-9	-6	-2	-3	-2	13	9	-14
Cash Flow from Financing Activities	-66	-102	-49	-163	151	-49	-58	-10	-116	-1	-120
Net Cash Inflow / Outflow	1	-1	8	-5	-4	-0	-1	25	-23	13	4
Closing Cash & Cash Equivalent	3	2	11	5	2	1	1	26	2	15	19

Steel Exchange India 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)	1.03	0.69	0.55	0.1	-2.07	-2.24	-0.48	0.85	1.74	1.32	-0.57
CEPS(Rs)	1.25	0.98	1.03	0.45	-1.68	-1.86	-0.09	1.2	2.05	1.59	-0.33
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	3.33	4.03	4.43	3.44	0.88	-1.36	-1.86	-1.01	0.78	2.93	2.76
Core EBITDA Margin(%)	9.3	9.62	10.81	8.74	5.57	-1.18	1.44	8.44	11.53	9.46	6.8
EBIT Margin(%)	10.05	9.03	10.03	7.84	-0.11	-8.5	-0.7	5.44	18.76	9.32	5.57
Pre Tax Margin(%)	3.92	2.95	2.15	0.79	-11.94	-23.06	-1.67	4.99	15.85	1.32	-2.04
PAT Margin (%)	5.18	2.71	1.76	0.42	-11.81	-18.27	-3.57	8.2	15.55	10.58	-4.24
Cash Profit Margin (%)	6.32	3.84	3.3	1.95	-9.58	-15.16	-0.69	11.67	18.3	12.74	-2.48
ROA(%)	4.45	2.8	1.78	0.4	-8.77	-10.47	-2.48	4.57	11.78	11.44	-5.5
ROE(%)	36.44	18.73	12.95	3.01	-95.7	0	0	0	0	72.61	-21.62
ROCE(%)	18	19.67	20.29	14.06	-0.14	-7.86	-0.78	4.69	23.47	16.97	11.49
Receivable days	92.94	65.41	58.78	60.37	66.09	61.37	24.36	17.92	18.87	24.39	26.88
Inventory Days	136.05	138.38	142.76	146.79	185.83	238.29	208.49	272.25	156.31	71.49	68.25
Payable days	198.96	169.94	155.48	154.53	116.1	47.19	50.47	73.01	52.77	36.31	35.03
PER(x)	7.21	8.3	7.05	36.7	0	0	0	1.53	3.6	18.14	0
Price/Book(x)	2.22	1.42	0.87	1.04	9.23	-1.82	-0.94	-1.29	7.98	8.2	4.93
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.78	0.52	0.54	0.52	1.25	1.35	1.12	1.39	1.04	2.31	1.26
EV/Core EBITDA(x)	6.67	4.82	4.48	5.36	19.39	-482.59	39.49	13.35	6.71	20.08	17.05
Net Sales Growth(%)	-42.34	27.91	24.68	6.76	-23.95	-27.45	11.05	-23.74	15.06	22.38	25.1
EBIT Growth(%)	-28.97	15.57	35.85	-16.01	-101.03	-5549.76	90.9	691.57	296.04	-39.24	-24.65
PAT Growth(%)	98.31	-32.78	-20.56	-74.03	-2226.44	-8.25	78.44	275.29	117.7	-16.78	-150.52
EPS Growth(%)	98.66	-32.78	-20.56	-82.24	-2226.35	-8.25	78.44	275.29	105.78	-24.05	-142.81
Debt/Equity(x)	2.43	1.91	3.1	2.4	14.69	-10.35	-7.24	-13.28	6.94	1.71	1.19
Current Ratio(x)	1.06	1.07	1.13	1.06	0.84	0.65	0.61	0.65	1.46	1.43	1.2
Quick Ratio(x)	0.54	0.4	0.48	0.43	0.28	0.16	0.09	0.11	0.59	0.58	0.46
Interest Cover(x)	1.64	1.49	1.27	1.11	-0.01	-0.58	-0.72	12.29	6.44	1.16	0.73
Total Debt/Mcap(x)	1.1	1.34	3.56	2.48	1.59	5.69	7.68	10.31	0.87	0.21	0.24

Steel Exchange India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	49.78	49.78	49.78	49.78	49.78	50.94	55.92	55.92	55.92	55.41
FII	5.14	6.65	6.4	6.36	5.92	4.52	4.29	4.01	3.87	1.47
DII	4.7	4.86	4.7	1.24	1.24	1.05	0.92	0.92	0.92	1.52
Public	40.37	38.71	39.12	42.62	43.06	43.49	38.86	39.15	39.29	41.6
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	4.38	4.38	4.38	43.85	43.85	52.96	66.36	66.36	66.36	66.36
FII	0.45	0.59	0.56	5.6	5.21	4.7	5.09	4.76	4.59	1.76
DII	0.41	0.43	0.41	1.09	1.09	1.09	1.09	1.09	1.09	1.82
Public	3.56	3.41	3.45	37.54	37.93	45.21	46.12	46.45	46.62	49.82
Others	0	0	0	0	0	0	0	0	0	0
Total	8.81	8.81	8.81	88.08	88.08	103.96	118.66	118.66	118.66	119.76

Pros

Debtor days have improved from 36.31 to 35.03days.
Company has reduced debt.

Cons

Stock is trading at 3.5 times its book value.

* 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.

Steel Exchange India News

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Steel Exchange India

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Steel Exchange India Research see more...

Overview Inc. Year: 1999Industry: Steel/Sponge Iron/Pig Iron

Steel Exchange India Share Price

Alert Data

Quarterly Price

Peer Comparison

Steel Exchange India Quarterly Results

Steel Exchange India Profit & Loss

Growth Rates

Steel Exchange India Balance Sheet

Steel Exchange India Cash Flow

Steel Exchange India Ratios

Steel Exchange India Shareholding Pattern

Steel Exchange India News

IPO

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