Steel Exchange India

₹12.6 0 | 0%

WEBSITE BSE:534748 NSE : STEEL EXCH 04 Oct, 16:00

Market Cap ₹1504 Cr.

Stock P/E 79.7

P/B 3.6

Current Price ₹12.6

Book Value ₹ 3.5

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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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Steel Exchange India Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	367	365	315	304	398	251	269	256	312	264
Other Income	7	1	1	3	1	1	1	1	1	3
Total Income	374	365	315	307	399	252	270	258	313	266
Total Expenditure	339	331	287	304	363	231	250	233	279	239
Operating Profit	35	34	28	4	36	21	20	25	35	27
Interest	19	20	21	23	42	21	18	19	19	19
Depreciation	6	6	6	6	6	6	5	5	5	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	10	8	1	-25	-12	-5	-4	0	10	3
Provision for Tax	-102	0	0	0	31	0	0	0	-10	0
Profit After Tax	112	8	1	-25	-43	-5	-4	0	20	3
Adjustments	0	0	0	0	0	0	-0	-0	0	-0
Profit After Adjustments	112	8	1	-25	-43	-5	-4	0	20	3
Adjusted Earnings Per Share	1.3	0.1	0	-0.3	-0.4	-0	-0	0	0.2	0

Steel Exchange India Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1255	1565	1671	1271	922	1024	781	898	1099	1375	1086	1101
Other Income	7	12	11	8	8	14	15	36	22	7	8	6
Total Income	1263	1578	1682	1279	930	1038	796	934	1122	1383	1094	1107
Total Expenditure	1128	1390	1519	1197	933	1009	715	795	995	1281	994	1001
Operating Profit	135	187	163	82	-3	29	81	140	126	102	100	107
Interest	80	128	123	157	136	10	3	26	88	106	78	75
Depreciation	15	25	27	30	29	30	27	25	24	24	21	21
Exceptional Income / Expenses	0	0	0	-53	-48	-7	-11	54	0	0	0	0
Profit Before Tax	39	35	14	-159	-215	-17	39	143	14	-28	1	9
Provision for Tax	3	6	6	-2	-45	20	-25	3	-102	31	-10	-10
Profit After Tax	36	28	7	-157	-170	-37	64	140	116	-59	11	19
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	36	28	7	-157	-170	-37	64	140	116	-59	11	19
Adjusted Earnings Per Share	0.7	0.5	0.1	-2.1	-2.2	-0.5	0.8	1.7	1.3	-0.6	0.1	0.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-21%	7%	1%	-1%
Operating Profit CAGR	-2%	-11%	28%	-3%
PAT CAGR	0%	-57%	0%	-11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	35%	20%	64%	7%
ROE Average	3%	18%	11%	-1%
ROCE Average	11%	13%	13%	10%

Steel Exchange India Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	318	375	383	298	128	91	156	302	491	517	662
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	92	331	247	183	154	123	103	413	344	229	341
Other Non-Current Liabilities	51	102	95	98	54	74	49	52	-69	-38	-47
Total Current Liabilities	880	1054	1142	1137	1198	1140	1079	222	280	384	263
Total Liabilities	1342	1863	1868	1716	1533	1428	1387	989	1047	1092	1218
Fixed Assets	350	614	591	695	717	691	666	612	596	579	570
Other Non-Current Assets	54	58	63	61	43	37	23	35	35	42	88
Total Current Assets	938	1190	1213	960	773	699	698	324	401	459	547
Total Assets	1342	1863	1868	1716	1533	1428	1387	989	1047	1092	1218

Steel Exchange India Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	3	3	11	5	2	1	1	26	2	15	19
Cash Flow from Operating Activities	147	91	166	-149	50	60	37	79	5	138	-48
Cash Flow from Investing Activities	-46	-34	-9	-6	-2	-3	-2	13	9	-14	-49
Cash Flow from Financing Activities	-102	-49	-163	151	-49	-58	-10	-116	-1	-120	98
Net Cash Inflow / Outflow	-1	8	-5	-4	-0	-1	25	-23	13	4	1
Closing Cash & Cash Equivalent	2	11	5	2	1	1	26	2	15	19	20

Steel Exchange India Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.69	0.55	0.1	-2.07	-2.24	-0.48	0.85	1.74	1.32	-0.57	0.09
CEPS(Rs)	0.98	1.03	0.45	-1.68	-1.86	-0.09	1.2	2.05	1.59	-0.33	0.27
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	4.03	4.43	3.44	0.88	-1.36	-1.86	-1.01	0.78	2.93	2.76	3.48
Core EBITDA Margin(%)	9.62	10.81	8.74	5.57	-1.18	1.44	8.44	11.53	9.46	6.8	8.44
EBIT Margin(%)	9.03	10.03	7.84	-0.11	-8.5	-0.7	5.44	18.76	9.32	5.57	7.27
Pre Tax Margin(%)	2.95	2.15	0.79	-11.94	-23.06	-1.67	4.99	15.85	1.32	-2.04	0.12
PAT Margin (%)	2.71	1.76	0.42	-11.81	-18.27	-3.57	8.2	15.55	10.58	-4.24	1
Cash Profit Margin (%)	3.84	3.3	1.95	-9.58	-15.16	-0.69	11.67	18.3	12.74	-2.48	2.96
ROA(%)	2.8	1.78	0.4	-8.77	-10.47	-2.48	4.57	11.78	11.44	-5.5	0.94
ROE(%)	18.73	12.95	3.01	-95.7	0	0	0	0	72.61	-21.62	3.09
ROCE(%)	19.67	20.29	14.06	-0.14	-7.86	-0.78	4.69	23.47	16.97	11.49	10.84
Receivable days	65.41	58.78	60.37	66.09	61.37	24.36	17.92	18.87	24.39	26.88	48.09
Inventory Days	138.38	142.76	146.79	185.83	238.29	208.49	272.25	156.31	71.49	68.25	96.74
Payable days	169.94	155.48	154.53	116.1	47.19	50.47	73.01	52.77	36.31	35.03	55.85
PER(x)	8.3	7.05	36.7	0	0	0	1.53	3.6	18.14	0	152.04
Price/Book(x)	1.42	0.87	1.04	9.23	-1.82	-0.94	-1.29	7.98	8.2	4.93	3.97
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.52	0.54	0.52	1.25	1.35	1.12	1.39	1.04	2.31	1.26	1.86
EV/Core EBITDA(x)	4.82	4.48	5.36	19.39	-482.59	39.49	13.35	6.71	20.08	17.05	20.09
Net Sales Growth(%)	27.91	24.68	6.76	-23.95	-27.45	11.05	-23.74	15.06	22.38	25.1	-21.06
EBIT Growth(%)	15.57	35.85	-16.01	-101.03	-5549.76	90.9	691.57	296.04	-39.24	-24.65	2.36
PAT Growth(%)	-32.78	-20.56	-74.03	-2226.44	-8.25	78.44	275.29	117.7	-16.78	-150.52	118.5
EPS Growth(%)	-32.78	-20.56	-82.24	-2226.35	-8.25	78.44	275.29	105.78	-24.05	-142.81	116.06
Debt/Equity(x)	1.91	3.1	2.4	14.69	-10.35	-7.24	-13.28	6.94	1.71	1.19	0.92
Current Ratio(x)	1.07	1.13	1.06	0.84	0.65	0.61	0.65	1.46	1.43	1.2	2.08
Quick Ratio(x)	0.4	0.48	0.43	0.28	0.16	0.09	0.11	0.59	0.58	0.46	0.96
Interest Cover(x)	1.49	1.27	1.11	-0.01	-0.58	-0.72	12.29	6.44	1.16	0.73	1.02
Total Debt/Mcap(x)	1.34	3.56	2.48	1.59	5.69	7.68	10.31	0.87	0.21	0.24	0.23

Steel Exchange India Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	49.78	49.78	49.78	49.78	50.94	55.92	55.92	55.92	55.41	49.56
FII	6.65	6.4	6.36	5.92	4.52	4.29	4.01	3.87	1.47	0.69
DII	4.86	4.7	1.24	1.24	1.05	0.92	0.92	0.92	1.52	1.52
Public	38.71	39.12	42.62	43.06	43.49	38.86	39.15	39.29	41.6	48.22
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	4.38	4.38	43.85	43.85	52.96	66.36	66.36	66.36	66.36	59.36
FII	0.59	0.56	5.6	5.21	4.7	5.09	4.76	4.59	1.76	0.83
DII	0.43	0.41	1.09	1.09	1.09	1.09	1.09	1.09	1.82	1.82
Public	3.41	3.45	37.54	37.93	45.21	46.12	46.45	46.62	49.82	57.75
Others	0	0	0	0	0	0	0	0	0	0
Total	8.81	8.81	88.08	88.08	103.96	118.66	118.66	118.66	119.76	119.76

Pros

Cons

Promoter holding is low: 49.56%.
Debtor days have increased from 35.03 to 55.85days.
Stock is trading at 3.6 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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