Sharda Ispat Ltd

Sharda Ispat Ltd

₹ 326 -4.99%
22 Nov - close price
About

Incorporated in 1960, Sharda Ispat Ltd does manufacturing and job work of alloy steel flat/ rolled products[1]

Key Points

Business Overview:[1]
Company manufacture and supplies flats, rounds, squares, alloy, carbon & spring steel rolled products to automobile OEM component manufacturer, and forging & bright bar industries

  • Market Cap 165 Cr.
  • Current Price 326
  • High / Low 752 / 222
  • Stock P/E 14.8
  • Book Value 109
  • Dividend Yield 0.00 %
  • ROCE 31.0 %
  • ROE 31.3 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 30.4 to 20.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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
35.98 32.43 34.87 21.24 35.01 45.10 41.93 60.06 56.22 58.32 52.66 47.76 32.45
34.57 31.36 32.83 20.39 34.52 43.39 39.21 56.59 50.08 53.55 47.80 43.82 31.93
Operating Profit 1.41 1.07 2.04 0.85 0.49 1.71 2.72 3.47 6.14 4.77 4.86 3.94 0.52
OPM % 3.92% 3.30% 5.85% 4.00% 1.40% 3.79% 6.49% 5.78% 10.92% 8.18% 9.23% 8.25% 1.60%
0.14 0.12 0.17 0.73 0.13 0.18 0.18 0.21 0.40 0.54 0.61 0.60 0.63
Interest 0.16 0.17 0.23 0.27 0.23 0.21 0.11 0.35 0.30 0.38 0.35 0.32 0.35
Depreciation 0.18 0.18 0.18 0.20 0.20 0.20 0.20 0.21 0.21 0.21 0.21 0.21 0.21
Profit before tax 1.21 0.84 1.80 1.11 0.19 1.48 2.59 3.12 6.03 4.72 4.91 4.01 0.59
Tax % 27.27% 26.19% 26.67% 26.13% 31.58% 25.00% 25.87% 25.96% 34.66% 24.79% 14.87% 25.94% 15.25%
0.88 0.61 1.33 0.82 0.13 1.12 1.92 2.31 3.93 3.54 4.18 2.96 0.49
EPS in Rs 1.73 1.20 2.62 1.62 0.26 2.21 3.78 4.55 7.74 6.97 8.23 5.83 0.97
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
80 74 55 59 56 85 113 91 94 118 142 224 191
77 71 53 57 51 79 104 86 89 113 136 204 177
Operating Profit 3 2 1 3 5 7 9 6 5 5 6 19 14
OPM % 4% 3% 3% 5% 8% 8% 8% 6% 5% 4% 4% 9% 7%
0 1 2 1 0 1 1 1 1 1 1 2 2
Interest 2 2 3 2 2 1 1 1 1 1 1 1 1
Depreciation 1 1 0 0 0 0 0 1 1 1 1 1 1
Profit before tax 0 0 1 2 3 6 9 5 5 4 5 19 14
Tax % 97% 0% 22% 20% 34% 34% 27% 25% 25% 27% 26% 26%
0 0 1 1 2 4 7 4 3 3 4 14 11
EPS in Rs 0.02 0.04 1.56 2.50 4.08 8.10 13.34 7.07 6.80 5.95 7.86 27.52 22.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 34%
TTM: -6%
Compounded Profit Growth
10 Years: 92%
5 Years: 15%
3 Years: 74%
TTM: 20%
Stock Price CAGR
10 Years: 33%
5 Years: 40%
3 Years: 65%
1 Year: 50%
Return on Equity
10 Years: 21%
5 Years: 17%
3 Years: 19%
Last Year: 31%

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 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves -0 -0 -1 1 3 7 14 18 23 27 32 47 50
21 15 16 9 7 7 9 6 8 8 19 22 27
12 13 10 6 9 14 6 4 4 4 4 3 3
Total Liabilities 37 33 31 21 25 34 34 33 40 44 59 77 85
6 5 3 2 2 2 2 3 2 2 3 2 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 7 9 10 1 2
31 27 28 18 22 31 31 30 30 33 46 74 81
Total Assets 37 33 31 21 25 34 34 33 40 44 59 77 85

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
-6 7 1 6 3 9 -5 5 -0 3 -7 7
-1 0 -0 2 -0 -8 5 -2 -1 -0 -1 -9
7 -7 0 -9 -3 -1 1 -5 1 -2 9 2
Net Cash Flow 0 -0 1 -1 -0 0 1 -1 0 1 0 -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 33 52 42 23 32 41 32 36 48 40 31 21
Inventory Days 101 69 132 79 85 33 28 28 33 31 36 54
Days Payable 21 39 52 14 49 63 11 7 10 5 5 3
Cash Conversion Cycle 112 81 121 87 67 12 49 57 71 66 61 72
Working Capital Days 90 75 108 72 83 69 77 101 102 86 106 112
ROCE % 11% 10% 17% 15% 32% 42% 43% 20% 13% 13% 13% 31%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 74.97% 74.97%
25.00% 25.00% 24.99% 24.99% 25.00% 24.99% 24.99% 25.00% 25.00% 25.00% 25.02% 25.03%
No. of Shareholders 3,5363,5783,6143,5613,5003,4803,4343,4133,3683,3743,8443,890

Documents