Steel Strips Infrastructures Ltd

Steel Strips Inf Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steel Strips Infrastructures Ltd

₹ 32.3 1.00%
22 Nov 4:00 p.m.
ssilindia.net BSE: 513173
About

Incorporated in 1973, Steel Strips Infrastructures Limited deals in real estate business.

Key Points

Business Overview:[1]
Company does infrastructure real estate trading and commission agency business. It operates in Real Estate business, Infrastructure Project of commercial parking under Built Operate and Transfer scheme, Trading and Agency business and Services.

Website BSE
  • Market Cap ₹ 27.9 Cr.
  • Current Price ₹ 32.3
  • High / Low ₹ 42.9 / 26.1
  • Stock P/E
  • Book Value ₹ 2.01
  • Dividend Yield 0.00 %
  • ROCE -20.3 %
  • ROE -60.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 73.2 to 38.9 days.

Cons

  • Stock is trading at 16.0 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.86% over past five years.
  • Company has a low return on equity of -40.7% over last 3 years.
  • Company's cost of borrowing seems high

* 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.28 0.28 0.28 0.28 0.28 0.28 0.27 0.27 0.32 0.31 0.33 0.31 0.32
0.63 0.63 0.59 0.54 0.54 0.52 0.51 0.54 0.61 0.56 0.57 0.60 0.52
Operating Profit -0.35 -0.35 -0.31 -0.26 -0.26 -0.24 -0.24 -0.27 -0.29 -0.25 -0.24 -0.29 -0.20
OPM % -125.00% -125.00% -110.71% -92.86% -92.86% -85.71% -88.89% -100.00% -90.62% -80.65% -72.73% -93.55% -62.50%
0.18 0.00 0.01 0.00 0.02 0.00 0.02 0.01 0.01 0.03 0.02 0.00 0.00
Interest 0.12 0.11 0.11 0.10 0.10 0.10 0.10 0.10 0.09 0.08 0.07 0.06 0.04
Depreciation 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.30 -0.47 -0.41 -0.36 -0.34 -0.34 -0.32 -0.36 -0.37 -0.30 -0.29 -0.35 -0.24
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.30 -0.47 -0.41 -0.36 -0.35 -0.34 -0.32 -0.36 -0.37 -0.30 -0.29 -0.35 -0.25
EPS in Rs -0.35 -0.54 -0.47 -0.42 -0.40 -0.39 -0.37 -0.42 -0.43 -0.35 -0.34 -0.40 -0.29
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4.37 4.15 4.00 6.01 3.53 1.89 1.94 2.31 0.89 1.11 1.11 1.22 1.27
3.77 2.78 2.83 2.53 3.80 3.61 3.29 3.46 2.30 2.37 2.11 2.29 2.25
Operating Profit 0.60 1.37 1.17 3.48 -0.27 -1.72 -1.35 -1.15 -1.41 -1.26 -1.00 -1.07 -0.98
OPM % 13.73% 33.01% 29.25% 57.90% -7.65% -91.01% -69.59% -49.78% -158.43% -113.51% -90.09% -87.70% -77.17%
0.37 0.26 0.27 0.12 0.65 0.68 0.05 0.14 1.82 0.19 0.04 0.08 0.05
Interest 0.84 1.01 0.87 0.57 1.13 0.99 0.85 0.75 0.50 0.46 0.40 0.33 0.25
Depreciation 0.23 0.15 0.15 0.12 0.12 0.08 0.05 0.04 0.02 0.02 0.01 0.01 0.00
Profit before tax -0.10 0.47 0.42 2.91 -0.87 -2.11 -2.20 -1.80 -0.11 -1.55 -1.37 -1.33 -1.18
Tax % 0.00% 10.64% 0.00% 7.22% 2.30% -0.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.10 0.43 0.42 2.70 -0.90 -2.10 -2.20 -1.80 -0.11 -1.54 -1.37 -1.33 -1.19
EPS in Rs -0.12 0.50 0.49 3.12 -1.04 -2.43 -2.55 -2.08 -0.13 -1.78 -1.59 -1.54 -1.38
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -12%
5 Years: -9%
3 Years: 11%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 9%
TTM: 14%
Stock Price CAGR
10 Years: 25%
5 Years: 35%
3 Years: -3%
1 Year: 9%
Return on Equity
10 Years: -13%
5 Years: -37%
3 Years: -41%
Last Year: -60%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64
Reserves 0.39 0.82 1.24 3.93 4.89 2.00 -1.77 -3.80 -2.96 -3.99 -6.29 -6.58 -6.90
8.25 7.13 4.58 3.83 8.30 7.34 6.04 4.84 5.15 4.42 3.41 2.04 0.78
1.52 1.61 1.55 2.50 1.98 2.43 2.20 4.44 5.97 7.71 10.24 12.99 14.69
Total Liabilities 18.80 18.20 16.01 18.90 23.81 20.41 15.11 14.12 16.80 16.78 16.00 17.09 17.21
0.76 0.74 0.54 0.43 0.36 0.28 0.23 0.19 0.14 0.13 0.12 0.11 0.11
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.28 2.97 3.34 5.25 7.60 6.69 4.45 4.14 5.22 5.88 4.61 5.99 6.33
15.76 14.49 12.13 13.22 15.85 13.44 10.43 9.79 11.44 10.77 11.27 10.99 10.77
Total Assets 18.80 18.20 16.01 18.90 23.81 20.41 15.11 14.12 16.80 16.78 16.00 17.09 17.21

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4.19 2.07 3.53 1.47 -3.80 3.42 -1.01 0.47 -0.54 0.82 1.07 0.95
-0.06 -0.12 0.05 -0.05 -0.05 -0.04 0.10 0.01 0.03 0.03 0.01 0.01
3.58 -1.85 -2.92 -2.34 4.47 -0.76 -1.71 -1.20 1.17 -1.03 -1.30 -1.04
Net Cash Flow -0.67 0.10 0.66 -0.93 0.62 2.63 -2.61 -0.72 0.66 -0.19 -0.22 -0.08

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26.73 34.30 47.45 24.90 28.95 57.94 37.63 17.38 61.52 78.92 101.94 38.89
Inventory Days 3,880.75 4,133.38
Days Payable 71.32 108.51
Cash Conversion Cycle 3,836.15 34.30 47.45 4,049.77 28.95 57.94 37.63 17.38 61.52 78.92 101.94 38.89
Working Capital Days 1,183.54 1,113.47 880.56 664.41 1,496.19 1,751.61 1,535.26 853.25 2,050.56 914.14 263.06 -532.54
ROCE % 5.06% 7.97% 7.86% 22.68% 1.73% -5.63% -8.74% -9.30% -13.26% -12.66% -13.22% -20.28%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22% 50.22%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
49.75% 49.75% 49.75% 49.75% 49.75% 49.75% 49.74% 49.75% 49.75% 49.74% 49.76% 49.75%
No. of Shareholders 15,56615,71815,68715,73715,66715,53715,43115,36015,18414,99614,91615,279

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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