Kanishk Steel Industries Ltd

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

Kanishk Steel Industries Ltd

₹ 33.0 -1.37%
22 Nov - close price
kanishksteels.in BSE: 513456
About

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]

Key Points

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]

Website BSE
  • Market Cap ₹ 93.8 Cr.
  • Current Price ₹ 33.0
  • High / Low ₹ 51.0 / 25.0
  • Stock P/E
  • Book Value ₹ 34.7
  • Dividend Yield 0.00 %
  • ROCE 5.52 %
  • ROE 2.68 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.95 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.5.79 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

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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
97.08 79.19 95.49 90.83 104.07 101.23 106.08 107.66 90.16 92.80 97.46 79.73 93.64
91.99 74.02 88.77 88.00 102.40 101.77 109.16 104.55 87.86 88.58 100.33 78.96 91.37
Operating Profit 5.09 5.17 6.72 2.83 1.67 -0.54 -3.08 3.11 2.30 4.22 -2.87 0.77 2.27
OPM % 5.24% 6.53% 7.04% 3.12% 1.60% -0.53% -2.90% 2.89% 2.55% 4.55% -2.94% 0.97% 2.42%
5.17 3.06 4.42 0.04 11.50 0.10 4.10 1.08 1.90 2.06 1.62 1.65 0.46
Interest 0.37 0.23 0.44 0.09 0.17 0.55 0.37 1.08 0.75 1.17 1.35 1.26 1.22
Depreciation 0.23 0.34 0.29 0.29 0.29 0.29 0.31 1.48 1.05 2.09 0.64 0.49 0.49
Profit before tax 9.66 7.66 10.41 2.49 12.71 -1.28 0.34 1.63 2.40 3.02 -3.24 0.67 1.02
Tax % 13.87% 9.01% 29.78% 85.94% 12.67% -62.50% 502.94% 13.50% 2.92% 21.85% 8.33% 68.66% 31.37%
8.31 6.97 7.31 0.34 11.10 -0.48 -1.38 1.41 2.33 2.36 -3.50 0.21 0.70
EPS in Rs 2.93 2.45 2.57 0.12 3.91 -0.17 -0.49 0.50 0.82 0.83 -1.23 0.07 0.25
Raw PDF

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
440 292 304 272 229 234 330 257 245 314 402 388 364
431 292 295 270 227 227 320 255 258 296 401 381 359
Operating Profit 9 1 9 2 2 7 10 2 -13 18 1 7 4
OPM % 2% 0% 3% 1% 1% 3% 3% 1% -5% 6% 0% 2% 1%
1 11 1 10 7 1 2 3 22 17 16 7 6
Interest 6 7 5 5 5 5 4 2 2 2 1 4 5
Depreciation 2 2 4 2 1 1 1 1 1 1 1 5 4
Profit before tax 2 2 1 6 1 3 7 2 6 32 14 4 1
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 -0
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 -0.08
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: -10%
Compounded Profit Growth
10 Years: 8%
5 Years: -9%
3 Years: -23%
TTM: -112%
Stock Price CAGR
10 Years: 15%
5 Years: 29%
3 Years: 4%
1 Year: 19%
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 Sep 2024
Equity Capital 28 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 70
12 18 5 22 15 9 19 17 17 18 49 54 39
138 88 95 89 77 78 58 47 27 36 28 40 103
Total Liabilities 190 148 143 158 138 135 128 118 103 140 172 192 240
21 19 16 15 12 12 11 10 9 11 51 33 33
CWIP 0 0 0 0 0 3 4 4 4 4 6 20 39
Investments 2 5 5 5 3 3 2 3 23 26 11 17 15
167 123 122 138 123 117 111 101 67 99 104 122 154
Total Assets 190 148 143 158 138 135 128 118 103 140 172 192 240

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.50% 70.43% 70.43% 70.43% 70.43% 70.32% 69.52% 69.52% 68.01% 67.89% 67.81% 67.68%
29.50% 29.57% 29.57% 29.56% 29.58% 29.67% 30.48% 30.49% 31.99% 32.11% 32.20% 32.30%
No. of Shareholders 5,4875,7325,8756,0726,0926,2986,4316,4646,7137,1267,4177,331

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