Sunflag Iron & Steel

₹201.5 0.7 | 0.3%

WEBSITE BSE:500404 NSE : SUNFLAG IRON 10 May, 16:01

Market Cap ₹3631 Cr.

Stock P/E 25.9

P/B 0.8

Current Price ₹201.5

Book Value ₹ 244.3

Face Value 10

52W High ₹249

Dividend Yield 0%

52W Low ₹ 138.8

Edit Ratio

Sunflag Iron & Steel Research see more...

Overview Inc. Year: 1984Industry: Steel & Iron Products

Sunflag Iron and Steel Company Ltd is an totally India-based organization, that's engaged within the commercial enterprise of producing and sale of special metallic rolled merchandise. The Company operates via Iron & Steel business segment. It additionally generates power from its captive plant. The Company's products consist of apartments, rounds, round cornered squares, HEX and coils. The Company's products are used for forging, car and spring industries. Its steel plant is located at Bhandara Road, Maharashtra. Its plant has a ability to provide 360,000 tons/annum of special metal using liquid pig iron and sponge iron as fundamental inputs. Its manufacturing centres comprises Sinter Plant, Mini Blast Furnace, Direct Reduction Plants, Power Plant, Electric Arc Furnace, Ladle Heating Furnace, Vacuum Degassing Unit, Blooming Mill, Bar and section mill, Alloy steel mill and Wire Rod Block Mill. It caters to diverse industries, inclusive of railways, defense, automobile, agriculture and engineering industry.

Sunflag Iron & Steel Share Price

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Peer Comparison

Sunflag Iron & Steel Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	686	696	649	897	886	869	837	784	858	854
Other Income	1	1	1	1	1	3	2	4	1	1
Total Income	687	697	650	897	887	873	839	789	859	855
Total Expenditure	568	609	570	827	723	753	740	707	759	757
Operating Profit	119	89	80	71	163	120	99	82	100	98
Interest	10	14	12	15	17	22	27	24	23	26
Depreciation	19	19	20	20	20	20	21	26	26	26
Exceptional Income / Expenses	0	0	0	1193	0	0	0	0	0	0
Profit Before Tax	90	56	48	1229	126	78	50	33	51	47
Provision for Tax	24	14	7	309	31	19	10	8	13	11
Profit After Tax	65	42	41	920	95	59	40	25	39	36
Adjustments	0	0	0	0	0	1	-0	1	0	0
Profit After Adjustments	65	43	41	921	95	60	40	26	39	36
Adjusted Earnings Per Share	3.6	2.4	2.3	51.1	5.3	3.3	2.2	1.4	2.2	2

Sunflag 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	1569	1585	1757	1590	1516	2074	2186	1758	1892	2698	3488	3333
Other Income	9	8	7	10	8	17	11	11	11	6	7	8
Total Income	1578	1593	1763	1600	1524	2091	2197	1769	1903	2704	3495	3342
Total Expenditure	1451	1438	1587	1412	1371	1838	1948	1587	1638	2301	3043	2963
Operating Profit	127	155	176	188	154	254	249	182	265	403	453	379
Interest	83	76	72	65	35	35	39	41	29	42	81	100
Depreciation	56	61	51	36	33	34	38	46	70	76	81	99
Exceptional Income / Expenses	0	0	-1	0	0	0	0	0	0	0	1193	0
Profit Before Tax	-13	18	52	86	85	184	172	94	165	284	1484	181
Provision for Tax	0	-3	27	30	20	55	62	2	25	68	370	42
Profit After Tax	-13	22	24	56	66	129	111	93	140	216	1114	140
Adjustments	0	0	0	0	-0	-0	-0	-1	0	1	1	1
Profit After Adjustments	-13	22	24	56	65	129	110	92	141	217	1115	141
Adjusted Earnings Per Share	-0.8	1.3	1.4	3.1	3.6	7.1	6.1	5.1	7.8	12	61.9	7.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	29%	26%	11%	8%
Operating Profit CAGR	12%	36%	12%	14%
PAT CAGR	416%	129%	54%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	19%	31%	38%	25%
ROE Average	51%	27%	20%	13%
ROCE Average	57%	30%	24%	18%

Sunflag 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	482	503	584	643	709	837	940	1385	1533	1749	3342
Minority's Interest	2	2	2	1	1	1	1	1	2	2	2
Borrowings	282	228	143	62	48	87	55	124	134	193	382
Other Non-Current Liabilities	83	72	82	108	108	121	129	306	285	265	330
Total Current Liabilities	516	505	528	453	515	520	644	593	437	882	887
Total Liabilities	1364	1310	1338	1267	1381	1566	1769	2409	2389	3091	4942
Fixed Assets	620	586	572	543	513	515	537	1147	1190	1252	1591
Other Non-Current Assets	71	49	48	48	103	197	256	320	294	490	1964
Total Current Assets	673	675	717	676	765	855	976	943	906	1349	1387
Total Assets	1364	1310	1338	1267	1381	1566	1769	2409	2389	3091	4942

Sunflag 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	56	56	53	54	65	75	5	2	6	19	16
Cash Flow from Operating Activities	239	107	78	236	-18	117	177	209	223	43	278
Cash Flow from Investing Activities	-54	-7	-4	-13	-33	-97	-141	-125	-60	-335	-219
Cash Flow from Financing Activities	-185	-103	-71	-213	60	-41	-39	-79	-151	289	-63
Net Cash Inflow / Outflow	-0	-3	3	10	10	-20	-3	5	12	-3	-4
Closing Cash & Cash Equivalent	56	53	55	65	75	55	2	6	19	16	11

Sunflag 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)	-0.77	1.34	1.35	3.12	3.62	7.14	6.12	5.11	7.8	12.04	61.88
CEPS(Rs)	2.71	5.11	4.19	5.07	5.48	9.04	8.24	7.7	11.68	16.24	66.31
DPS(Rs)	0	0	0	0	0	0.5	0.5	0	0	0	0
Book NAV/Share(Rs)	29.69	31.02	32.38	35.68	39.34	46.44	52.17	56.72	65.6	78.33	164.72
Core EBITDA Margin(%)	6.8	8.32	8.64	9.92	8.51	11.12	10.66	9.34	13.21	14.6	12.52
EBIT Margin(%)	4.07	5.31	6.33	8.44	7.03	10.32	9.47	7.43	10.13	12.02	43.97
Pre Tax Margin(%)	-0.72	1.04	2.65	4.78	4.98	8.65	7.73	5.17	8.6	10.46	41.69
PAT Margin (%)	-0.72	1.23	1.25	3.11	3.83	6.04	4.96	5.07	7.3	7.96	31.31
Cash Profit Margin (%)	2.52	4.69	3.86	5.1	5.77	7.65	6.66	7.6	10.95	10.77	33.57
ROA(%)	-0.89	1.62	1.84	4.28	4.95	8.73	6.63	4.43	5.85	7.9	27.74
ROE(%)	-2.56	4.4	4.49	9.09	9.7	16.65	12.45	9.44	12.73	16.69	50.88
ROCE(%)	6.79	9.54	12.49	15.93	12.46	19.82	17.09	10.27	14.22	19.61	57.36
Receivable days	31.99	37.51	36.92	41.65	50	47.2	48.11	50.73	41	32.67	30.33
Inventory Days	75.34	67.89	67.54	72.21	75.24	70.65	80.63	111.42	105.05	92.71	87.29
Payable days	54.45	60.51	39.14	49.81	38.82	36.21	41.85	65.32	72.08	63.92	50.18
PER(x)	0	15.94	17.35	6.4	10.16	10.54	7.98	4.74	8.04	5.24	2.39
Price/Book(x)	0.68	0.69	0.73	0.56	0.93	1.62	0.94	0.43	0.96	0.8	0.9
Dividend Yield(%)	0	0	0	0	0	0.66	1.02	0	0	0	0
EV/Net Sales(x)	0.49	0.49	0.45	0.34	0.6	0.79	0.54	0.4	0.67	0.59	0.89
EV/Core EBITDA(x)	6.1	4.96	4.49	2.91	5.96	6.47	4.71	3.9	4.79	3.96	6.83
Net Sales Growth(%)	-3.02	1.03	10.8	-9.49	-4.62	36.8	5.38	-19.57	7.59	42.65	29.28
EBIT Growth(%)	-17.22	32.36	32.07	21.99	-20.73	82.49	-3.91	-35.74	43.65	67.63	379.23
PAT Growth(%)	-164.67	273.44	12.59	128.47	16.22	96.28	-14.03	-16.3	51.46	54.3	414.87
EPS Growth(%)	-164.67	273.43	1.34	130.06	16.11	97.27	-14.28	-16.52	52.75	54.33	413.96
Debt/Equity(x)	1.05	0.95	0.72	0.39	0.47	0.41	0.37	0.32	0.18	0.37	0.18
Current Ratio(x)	1.3	1.34	1.36	1.49	1.49	1.64	1.52	1.59	2.07	1.53	1.56
Quick Ratio(x)	0.67	0.68	0.61	0.8	0.73	0.81	0.66	0.64	0.83	0.58	0.59
Interest Cover(x)	0.85	1.24	1.72	2.31	3.43	6.19	5.45	3.29	6.61	7.73	19.3
Total Debt/Mcap(x)	1.55	1.38	1	0.7	0.5	0.25	0.4	0.75	0.18	0.46	0.21

Sunflag 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	51.16	51.16	51.16	51.16	51.16	51.16	51.16	51.16	51.16	51.16
FII	0.38	0.22	0.43	0.33	0.31	0.88	0.72	0.96	0.93	0.8
DII	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.04	0.08	0.1
Public	48.42	48.58	48.37	48.47	48.49	47.92	48.07	47.84	47.82	47.95
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	9.22	9.22	9.22	9.22	9.22	9.22	9.22	9.22	9.22	9.22
FII	0.07	0.04	0.08	0.06	0.06	0.16	0.13	0.17	0.17	0.14
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02
Public	8.73	8.76	8.72	8.74	8.74	8.64	8.66	8.62	8.62	8.64
Others	0	0	0	0	0	0	0	0	0	0
Total	18.02	18.02	18.02	18.02	18.02	18.02	18.02	18.02	18.02	18.02

Pros

Stock is trading at 0.8 times its book value
Company has delivered good profit growth of 53% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27%
Debtor days have improved from 63.92 to 50.18days.
Company is almost debt free.

Cons

* 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.

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Sunflag Iron & Steel

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Sunflag Iron & Steel Research see more...

Overview Inc. Year: 1984Industry: Steel & Iron Products

Sunflag Iron & Steel Share Price

Alert Data

Quarterly Price

Peer Comparison

Sunflag Iron & Steel Quarterly Results

Sunflag Iron & Steel Profit & Loss

Growth Rates

Sunflag Iron & Steel Balance Sheet

Sunflag Iron & Steel Cash Flow

Sunflag Iron & Steel Ratios

Sunflag Iron & Steel Shareholding Pattern

Sunflag Iron & Steel News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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