Kanishk Steel Industries Ltd
Incorporated in 1995. Kanishk Steel Industries is a part of the OPG Group, which is involved in steel and power businesses. The company manufactures steel products (Finished goods) both Constructional steel and Structural steel. [1]
- Market Cap ₹ 78.9 Cr.
- Current Price ₹ 27.8
- High / Low ₹ 43.7 / 23.2
- Stock P/E 30.4
- Book Value ₹ 34.3
- Dividend Yield 0.00 %
- ROCE 5.52 %
- ROE 2.70 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.81 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.0% over last 3 years.
- Earnings include an other income of Rs.6.66 Cr.
* 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: Steel Industry: Steel - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
440 | 292 | 304 | 272 | 229 | 234 | 330 | 257 | 245 | 314 | 402 | 388 | |
431 | 292 | 295 | 270 | 227 | 227 | 320 | 255 | 258 | 296 | 401 | 381 | |
Operating Profit | 9 | 1 | 9 | 2 | 2 | 7 | 10 | 2 | -13 | 18 | 1 | 7 |
OPM % | 2% | 0% | 3% | 1% | 1% | 3% | 3% | 1% | -5% | 6% | 0% | 2% |
1 | 11 | 1 | 10 | 7 | 1 | 2 | 3 | 22 | 17 | 16 | 7 | |
Interest | 6 | 7 | 5 | 5 | 5 | 5 | 4 | 2 | 2 | 2 | 1 | 4 |
Depreciation | 2 | 2 | 4 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 |
Profit before tax | 2 | 2 | 1 | 6 | 1 | 3 | 7 | 2 | 6 | 32 | 14 | 4 |
Tax % | 51% | 32% | 81% | 23% | 68% | 41% | 41% | -21% | 10% | 18% | 33% | 32% |
1 | 1 | 0 | 5 | 0 | 2 | 4 | 2 | 6 | 26 | 10 | 3 | |
EPS in Rs | 0.36 | 0.43 | 0.10 | 1.67 | 0.17 | 0.56 | 1.50 | 0.71 | 2.00 | 9.26 | 3.35 | 0.92 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 17% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -9% |
3 Years: | -23% |
TTM: | 108% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 30% |
3 Years: | 8% |
1 Year: | 16% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 3% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
Reserves | 13 | 14 | 14 | 19 | 17 | 19 | 23 | 25 | 31 | 57 | 66 | 69 |
12 | 18 | 5 | 22 | 15 | 9 | 19 | 17 | 17 | 18 | 49 | 54 | |
138 | 88 | 95 | 89 | 77 | 78 | 58 | 47 | 27 | 36 | 28 | 40 | |
Total Liabilities | 190 | 148 | 143 | 158 | 138 | 135 | 128 | 118 | 103 | 140 | 172 | 192 |
21 | 19 | 16 | 15 | 12 | 12 | 11 | 10 | 9 | 11 | 51 | 33 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 4 | 4 | 4 | 6 | 20 |
Investments | 2 | 5 | 5 | 5 | 3 | 3 | 2 | 3 | 23 | 26 | 11 | 17 |
167 | 123 | 122 | 138 | 123 | 117 | 111 | 101 | 67 | 99 | 104 | 122 | |
Total Assets | 190 | 148 | 143 | 158 | 138 | 135 | 128 | 118 | 103 | 140 | 172 | 192 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 18 | 13 | -12 | 17 | -3 | -7 | 3 | -4 | 1 | -3 | 33 | |
1 | -1 | -1 | -0 | -7 | 11 | -1 | 1 | 2 | -1 | -26 | -31 | |
-9 | -18 | -14 | 14 | -10 | -8 | 8 | -4 | 2 | -0 | 30 | 1 | |
Net Cash Flow | -1 | -1 | -2 | 2 | -0 | -0 | 0 | -0 | 0 | -0 | 0 | 3 |
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 | 60 | 69 | 52 | 94 | 80 | 86 | 34 | 40 | 27 | 14 | 25 | 20 |
Inventory Days | 52 | 61 | 67 | 63 | 86 | 96 | 63 | 80 | 69 | 96 | 48 | 29 |
Days Payable | 105 | 57 | 89 | 84 | 93 | 104 | 52 | 50 | 34 | 31 | 15 | 22 |
Cash Conversion Cycle | 7 | 73 | 30 | 73 | 73 | 78 | 45 | 70 | 62 | 79 | 58 | 27 |
Working Capital Days | 26 | 36 | 25 | 55 | 47 | 56 | 54 | 69 | 55 | 70 | 64 | 68 |
ROCE % | 7% | 16% | 12% | 9% | 10% | 12% | 18% | 6% | 11% | 35% | 3% | 6% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018, for the quarter ended 30.06.2024 received from our RTA.
- Closure of Trading Window 27 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Submit copies of newspaper publications containing the audited financial results for the financial year 31.03.2024.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Secretarial Compliance Report for FY ended 31.03.2024 is submitted.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Products
The co’s product portfolio includes TMT bars (both Fe 415 and Fe 500) , I beams , H beams and various types of Structural steels and sponge iron. [1]
Customers
The major customers of the company include BHEL-Trichy, BHEL-Ranipet and Tamil Nadu Government. It also supplies to major project customers like Jindal South West (JSW), Madras Cements and many others. [2]