Crimson Metal Engineering Company Ltd

Crimson Metal Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Crimson Metal Engineering Company Ltd

₹ 9.84 4.90%
16 Jul - close price
crmetal.in BSE: 526977
About

Established in 1985, Crimson Metal Engineering Company Ltd (formerly known as Sri Saarbati Steel Tubes Ltd) manufactures Electrical Resistance Welded (ERW) pipes and tubes like Black & GI pipes, GP coils, square & rectangular pipes, etc.

Key Points

Products Profile:[1]
a) M.S Black Pipe: Pre galvanized steel pipes used in automobile, scaffolding, fencing and engineering industries.
b) G.L. Pipe: Galvanized steel pipes from wall thickness 1/2" to 10" and are used in agriculture, railways, sugar, cement, oil industries.
c) G.P. Pipe: Pipes rolled of pre galvanized coils used in fencing industries and engineering industries.
d) Square and Rectangle Pipes: Square and rectangle pipes used in automobile and engineering industries.

Website BSE
  • Market Cap ₹ 4.36 Cr.
  • Current Price ₹ 9.84
  • High / Low ₹ 9.84 / 9.38
  • Stock P/E
  • Book Value ₹ 12.3
  • Dividend Yield 0.00 %
  • ROCE 7.27 %
  • ROE -21.7 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.80 times its book value
  • Company's working capital requirements have reduced from 188 days to 21.6 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.41% over past five years.
  • Company has a low return on equity of -1.17% over last 3 years.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.57 1.91 2.17 2.16 3.39 1.70 2.35 2.29 1.82 2.13 1.97 2.01 2.17
1.28 0.84 1.13 1.14 1.83 0.77 1.14 1.34 0.85 1.20 1.09 1.03 1.16
Operating Profit 1.29 1.07 1.04 1.02 1.56 0.93 1.21 0.95 0.97 0.93 0.88 0.98 1.01
OPM % 50.19% 56.02% 47.93% 47.22% 46.02% 54.71% 51.49% 41.48% 53.30% 43.66% 44.67% 48.76% 46.54%
0.00 0.00 0.05 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.03
Interest 0.82 0.70 0.71 0.65 0.89 0.48 0.74 0.50 0.55 0.48 0.45 0.46 0.44
Depreciation 0.47 0.36 0.36 0.36 0.61 0.43 0.46 0.41 0.38 0.44 0.44 0.44 0.51
Profit before tax 0.00 0.01 0.02 0.01 0.06 0.02 0.01 0.04 0.05 0.02 -0.01 0.08 0.09
Tax % 0.00% 0.00% 0.00% 33.33% 0.00% 0.00% 25.00% -420.00% 0.00% 0.00% 25.00% 1,655.56%
0.28 0.01 0.02 0.01 0.05 0.02 0.01 0.03 0.26 0.02 -0.01 0.06 -1.40
EPS in Rs 0.63 0.02 0.05 0.02 0.11 0.05 0.02 0.07 0.59 0.05 -0.02 0.14 -3.16
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
115.85 61.60 44.31 45.53 45.97 33.23 9.85 7.25 9.35 9.63 8.16 8.28
113.16 58.12 40.20 41.53 41.56 29.44 6.49 4.03 4.83 4.94 4.11 4.49
Operating Profit 2.69 3.48 4.11 4.00 4.41 3.79 3.36 3.22 4.52 4.69 4.05 3.79
OPM % 2.32% 5.65% 9.28% 8.79% 9.59% 11.41% 34.11% 44.41% 48.34% 48.70% 49.63% 45.77%
2.60 1.21 0.20 0.20 0.12 0.14 0.23 0.01 0.01 0.05 0.01 0.04
Interest 3.20 2.73 2.66 2.47 2.73 2.24 2.32 2.01 2.78 2.96 2.26 1.83
Depreciation 0.89 1.02 0.95 0.95 0.97 1.11 1.12 1.12 1.64 1.68 1.69 1.82
Profit before tax 1.20 0.94 0.70 0.78 0.83 0.58 0.15 0.10 0.11 0.10 0.11 0.18
Tax % 19.17% 31.91% -22.86% 37.18% 33.73% 1.72% 20.00% 20.00% -245.45% -690.00% -190.91% 838.89%
0.97 0.63 0.86 0.49 0.55 0.58 0.11 0.08 0.39 0.79 0.32 -1.33
EPS in Rs 2.19 1.42 1.94 1.11 1.24 1.31 0.25 0.18 0.88 1.78 0.72 -3.00
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -18%
5 Years: -3%
3 Years: -4%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -516%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: %
1 Year: 10%
Return on Equity
10 Years: 6%
5 Years: 1%
3 Years: -1%
Last Year: -22%

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
Equity Capital 4.43 4.43 4.43 4.43 4.43 4.43 4.43 4.43 4.43 4.43 4.43 4.43
Reserves -2.25 -1.62 -0.95 -0.46 0.09 0.67 0.79 0.87 1.26 2.05 2.37 1.03
35.08 32.01 31.21 17.83 16.85 18.74 13.83 24.43 29.01 27.08 23.52 19.50
10.69 12.16 4.84 17.76 7.96 8.10 3.42 4.10 4.08 2.76 2.91 5.62
Total Liabilities 47.95 46.98 39.53 39.56 29.33 31.94 22.47 33.83 38.78 36.32 33.23 30.58
15.54 15.38 14.38 13.43 12.91 14.76 13.94 12.82 24.71 23.03 23.04 25.62
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.00 0.00 0.87 2.46 0.03
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
32.41 31.60 25.15 26.13 16.42 17.18 8.53 8.01 14.07 12.42 7.73 4.93
Total Assets 47.95 46.98 39.53 39.56 29.33 31.94 22.47 33.83 38.78 36.32 33.23 30.58

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
-1.42 6.18 1.82 4.61 6.63 -2.26 5.79 12.73 2.63 2.80 6.56 5.88
-0.93 0.33 0.07 0.46 -0.04 -3.45 -0.31 -12.99 -0.52 -0.82 -3.28 -1.94
3.57 -7.30 -1.99 -3.34 -3.25 -0.20 -5.24 0.02 -1.82 -1.94 -3.56 -4.02
Net Cash Flow 1.22 -0.79 -0.10 1.73 3.34 -5.91 0.23 -0.25 0.30 0.05 -0.28 -0.08

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 34.37 124.73 91.52 134.52 48.27 83.59 85.97 155.06 423.17 328.99 173.11 0.00
Inventory Days 40.69 24.22 90.44 43.95 18.38 30.55 107.80 206.16 146.00 133.72 167.41 146.00
Days Payable 28.34 79.14 30.65 38.37 53.72 9.80 6.79 321.06 106.51 115.09 172.89 245.55
Cash Conversion Cycle 46.73 69.80 151.31 140.10 12.94 104.34 186.98 40.15 462.66 347.63 167.62 -99.55
Working Capital Days 62.32 109.20 158.82 40.64 21.28 94.68 151.19 205.41 396.23 332.40 210.68 21.60
ROCE % 15.36% 10.18% 9.67% 11.51% 16.49% 12.48% 11.52% 8.65% 8.97% 8.97% 7.42% 7.27%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
43.48% 43.48% 43.48% 43.48% 43.48% 43.48% 43.48% 43.48% 43.48% 43.48% 43.48% 43.48%
56.52% 56.52% 56.52% 56.52% 56.51% 56.52% 56.52% 56.52% 56.51% 56.51% 56.52% 56.51%
No. of Shareholders 5,3595,3565,3555,3535,3525,3805,3785,3785,3795,3795,3785,377

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