Steel Strips Infrastructures Ltd

Steel Strips Infrastructures Ltd

₹ 32.5 1.63%
22 Nov 10:52 a.m.
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.

  • Market Cap 28.1 Cr.
  • Current Price 32.5
  • High / Low 42.9 / 26.1
  • Stock P/E
  • Book Value 101
  • Dividend Yield 0.00 %
  • ROCE 32.7 %
  • ROE 33.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.32 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
  • Debtor days have improved from 73.2 to 38.9 days.

Cons

  • Company has low interest coverage ratio.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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 6.31 0.54 2.68 0.52 0.90 0.55 0.60 6.92 13.55 2.43 0.68
Operating Profit -0.35 -0.35 -6.03 -0.26 -2.40 -0.24 -0.63 -0.28 -0.28 -6.61 -13.22 -2.12 -0.36
OPM % -125.00% -125.00% -2,153.57% -92.86% -857.14% -85.71% -233.33% -103.70% -87.50% -2,132.26% -4,006.06% -683.87% -112.50%
31.31 0.65 0.01 1.70 0.02 0.50 0.02 21.53 24.68 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 30.83 0.18 -6.13 1.34 -2.48 0.16 -0.71 21.15 24.31 -6.66 -13.27 -2.18 -0.40
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%
30.84 0.18 -6.13 1.34 -2.48 0.16 -0.71 21.15 24.31 -6.66 -13.27 -2.18 -0.40
EPS in Rs 35.68 0.21 -7.09 1.55 -2.87 0.19 -0.82 24.47 28.13 -7.71 -15.35 -2.52 -0.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2 1 1 1 1 1
21 2 2 2 2 24
Operating Profit -19 -1 -1 -1 -1 -22
OPM % -804% -158% -113% -119% -88% -1,757%
0 15 32 0 27 0
Interest 1 0 0 0 0 0
Depreciation 0 0 0 0 0 0
Profit before tax -19 13 31 -2 26 -23
Tax % 0% 0% 0% 0% 0%
-19 13 31 -2 26 -23
EPS in Rs -22.53 15.38 35.49 -1.96 29.54 -26.04
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: -150%
Stock Price CAGR
10 Years: 25%
5 Years: 35%
3 Years: -3%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: %
3 Years: 29%
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9
Reserves 12 26 57 54 81 79
5 5 4 3 2 1
4 6 8 10 13 15
Total Liabilities 30 46 78 77 105 103
0 0 0 0 0 0
CWIP 0 0 0 0 0 0
Investments 28 34 67 65 94 92
2 11 11 11 11 11
Total Assets 30 46 78 77 105 103

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -1 1 1 1
0 0 0 0 0
-1 1 -1 -1 -1
Net Cash Flow -1 1 -0 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 62 79 102 39
Inventory Days
Days Payable
Cash Conversion Cycle 17 62 79 102 39
Working Capital Days 842 2,051 914 263 -533
ROCE % 43% 57% -2% 33%

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.

Click on the line-items to see the names of individual entities.

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