Panchmahal Steel Ltd

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

Panchmahal Steel Ltd

₹ 254 0.63%
22 Nov - close price
panchmahalsteel.com BSE: 513511
About

Incorporated in 1972, Panchmahal Steel Ltd manufactures Stainless Steel Long Products viz. Bars, Rods and Wires[1]

Key Points

Business Overview:[1]
PSL is a producer of Stainless Steel long products in India. It focuses on fully integrated facilities from steel melting to cold finishing, and offers a range of Stainless Steel grades, in hot rolled wire rod & bars and cold finished bars & wires. It offers Stainless Steel in Austenitic, Martensitic, Ferritic, Duplex and low nickel - high manganese (200 series) grades

Website BSE
  • Market Cap ₹ 484 Cr.
  • Current Price ₹ 254
  • High / Low ₹ 332 / 137
  • Stock P/E 83.3
  • Book Value ₹ 84.2
  • Dividend Yield 0.00 %
  • ROCE 5.55 %
  • ROE 1.91 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -1.15% over past five years.
  • Company has a low return on equity of 13.8% 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

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
161.49 176.37 144.78 134.86 108.12 115.77 129.89 107.37 119.18 102.57 98.50 98.13 99.05
140.07 154.37 121.74 118.55 109.72 120.64 124.20 103.06 115.24 100.72 92.88 92.84 94.15
Operating Profit 21.42 22.00 23.04 16.31 -1.60 -4.87 5.69 4.31 3.94 1.85 5.62 5.29 4.90
OPM % 13.26% 12.47% 15.91% 12.09% -1.48% -4.21% 4.38% 4.01% 3.31% 1.80% 5.71% 5.39% 4.95%
1.36 2.42 -0.25 0.29 0.44 0.52 0.16 0.35 1.16 1.66 1.07 0.68 0.94
Interest 1.74 1.34 0.97 1.12 1.55 2.07 2.34 2.48 2.13 1.93 1.41 1.39 1.37
Depreciation 1.89 1.89 1.94 1.96 1.96 2.02 2.02 2.01 2.02 2.02 2.04 2.01 2.01
Profit before tax 19.15 21.19 19.88 13.52 -4.67 -8.44 1.49 0.17 0.95 -0.44 3.24 2.57 2.46
Tax % 0.00% 13.69% 25.50% 27.14% -25.27% -28.20% 28.19% 23.53% 25.26% -27.27% 25.00% 25.29% 27.64%
19.15 18.29 14.80 9.86 -3.49 -6.06 1.08 0.13 0.71 -0.32 2.44 1.91 1.78
EPS in Rs 10.04 9.59 7.76 5.17 -1.83 -3.18 0.57 0.07 0.37 -0.17 1.28 1.00 0.93
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
340 327 390 290 329 396 453 330 339 574 489 428 398
320 316 380 292 311 379 430 327 316 498 473 412 381
Operating Profit 20 11 11 -2 18 16 23 4 23 76 16 16 18
OPM % 6% 3% 3% -1% 5% 4% 5% 1% 7% 13% 3% 4% 4%
2 3 3 3 4 5 2 2 4 4 1 4 4
Interest 9 9 11 11 14 13 14 14 10 6 7 8 6
Depreciation 8 7 9 8 8 8 8 8 7 8 8 8 8
Profit before tax 5 -3 -6 -19 0 0 4 -15 10 67 2 4 8
Tax % 29% -38% -37% -33% -16% -41% 33% 112% 0% 12% 28% 24%
4 -2 -4 -13 0 1 3 -32 10 59 1 3 6
EPS in Rs 1.98 -0.95 -1.85 -6.60 0.15 0.29 1.34 -16.88 5.14 30.71 0.72 1.56 3.04
Dividend Payout % 63% 0% 0% 0% 0% 0% 0% 0% 0% 13% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: -1%
3 Years: 8%
TTM: -16%
Compounded Profit Growth
10 Years: 11%
5 Years: 3%
3 Years: -29%
TTM: 240%
Stock Price CAGR
10 Years: 14%
5 Years: 61%
3 Years: 30%
1 Year: 73%
Return on Equity
10 Years: 2%
5 Years: 6%
3 Years: 14%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

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 19 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 119 119 115 102 102 102 104 73 83 141 135 138 142
48 51 56 62 70 70 69 72 55 28 76 40 42
119 131 111 86 120 110 89 89 121 111 65 38 40
Total Liabilities 305 320 301 269 311 301 282 253 277 299 295 234 242
116 119 116 108 101 96 90 82 75 73 71 65 61
CWIP 6 0 0 0 0 0 0 0 0 0 1 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
183 200 185 160 209 205 192 170 202 226 224 169 181
Total Assets 305 320 301 269 311 301 282 253 277 299 295 234 242

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
22 9 11 3 6 14 14 7 29 38 -30 40
-11 -2 -4 1 1 -1 0 3 -0 -3 -6 5
-11 -7 -6 -6 -6 -14 -14 -10 -28 -32 34 -45
Net Cash Flow 0 0 2 -1 1 -0 0 0 1 2 -3 0

Ratios

Figures in Rs. Crores

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 29 40 28 31 48 34 22 28 36 26 33 35
Inventory Days 204 221 155 188 219 173 155 205 237 159 156 142
Days Payable 154 190 127 128 177 129 97 128 182 89 51 27
Cash Conversion Cycle 80 70 56 90 89 78 81 105 91 97 138 150
Working Capital Days 55 59 50 63 70 65 61 81 75 69 113 114
ROCE % 7% 3% 2% -4% 7% 7% 9% -2% 11% 41% 4% 6%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.58% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.91% 74.87%
4.54% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93% 3.93%
20.88% 21.17% 21.17% 21.17% 21.17% 21.17% 21.16% 21.16% 21.16% 21.16% 21.17% 21.20%
No. of Shareholders 3,5753,9483,7133,7423,5353,4393,3383,1873,1733,0632,8442,814

* 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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