Inducto Steel Ltd
Incorporated in 1988, Inducto Steel Ltd is in the business of ship breaking, trading and investment activities[1]
- Market Cap ₹ 25.3 Cr.
- Current Price ₹ 63.0
- High / Low ₹ 137 / 45.6
- Stock P/E
- Book Value ₹ 99.6
- Dividend Yield 0.00 %
- ROCE 7.27 %
- ROE 0.37 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.63 times its book value
- Company is expected to give good quarter
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 2.33% over last 3 years.
- Promoters have pledged 43.3% of their holding.
- 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: Ship Building Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 23 | 21 | 76 | 46 | 3 | 57 | 90 | 104 | 128 | |
| 25 | 22 | 74 | 47 | 4 | 55 | 88 | 102 | 130 | |
| Operating Profit | -2 | -1 | 2 | -1 | -1 | 3 | 2 | 2 | -2 |
| OPM % | -8% | -4% | 2% | -3% | -37% | 5% | 2% | 2% | -2% |
| 4 | 2 | 0 | 2 | 0 | 0 | 1 | 2 | 0 | |
| Interest | 2 | 0 | 1 | 0 | 0 | 0 | 1 | 4 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 0 | 1 | 0 | -1 | 3 | 1 | 0 | -4 |
| Tax % | 30% | 38% | 43% | 26% | 0% | 12% | 43% | 35% | |
| 1 | 0 | 0 | 0 | -1 | 2 | 1 | 0 | -3 | |
| EPS in Rs | 1.47 | 0.60 | 1.07 | 0.42 | -3.46 | 5.63 | 1.44 | 0.40 | -8.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 229% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -18% |
| 3 Years: | 28% |
| TTM: | -584% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 26% |
| 3 Years: | 43% |
| 1 Year: | 31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 2% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 37 | 37 | 37 | 38 | 36 | 38 | 39 | 39 | 36 |
| 0 | 0 | 0 | 0 | 5 | 5 | 16 | 3 | 7 | |
| 25 | 0 | 12 | 0 | 0 | 35 | 1 | 1 | 13 | |
| Total Liabilities | 66 | 41 | 53 | 42 | 45 | 83 | 59 | 47 | 60 |
| 1 | 1 | 1 | 3 | 2 | 3 | 3 | 2 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 34 | 31 | 34 | 39 | 22 | 35 | 25 | 9 |
| 62 | 6 | 21 | 6 | 4 | 58 | 22 | 20 | 47 | |
| Total Assets | 66 | 41 | 53 | 42 | 45 | 83 | 59 | 47 | 60 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| -52 | 32 | -2 | 4 | 1 | -1 | -6 | -1 | |
| 54 | -32 | 3 | -4 | -5 | 17 | -13 | 11 | |
| -2 | -0 | -1 | -0 | 4 | -5 | 15 | -16 | |
| Net Cash Flow | -0 | -0 | 0 | -0 | -0 | 10 | -4 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 2 | 8 | 14 | 12 | 94 | 10 | 11 |
| Inventory Days | 321 | 10 | 79 | 1 | 18 | 149 | 37 | 46 |
| Days Payable | 334 | 0 | 58 | 0 | 0 | 245 | 0 | 0 |
| Cash Conversion Cycle | 2 | 11 | 29 | 15 | 30 | -2 | 47 | 57 |
| Working Capital Days | 566 | 80 | 38 | 15 | 74 | 27 | 50 | 58 |
| ROCE % | 2% | 4% | 1% | -3% | 6% | 4% | 7% |
Documents
Announcements
- Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2024 14 Nov
-
Board Meeting Outcome for Outcome Of Board Meeting Held On November 14, 2024
14 Nov - Board approved unaudited financial results for Q2 FY2024.
-
Board Meeting Intimation for Approval Of The Un-Audited Standalone & Consolidated Financial Results Of The Company For The Quarter And Half-Year Ended On September 30, 2024 Along With The Limited Review Report Thereon.
5 Nov - Board meeting on November 14 to approve financial results.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
22 Oct - Resignation of CFO Dilip Kaushik effective October 31, 2024.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Enclosed certificate dated October 03, 2024, issued by our Registrar and Share Transfer Agent, M/s. Link Intime India Private Limited, confirming compliance under Regulation 75 …
Annual reports
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Financial Year 2024
from bse
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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
from bse
Business Overview:[1][2]
Company is a part of Haryana Group which is engaged in ship breaking business and steel trading business. Company also does ship breaking in the Alang-Sosiya belt of Bhavnagar region of Gujarat, with plot size of 2385 square meters having frontage of 45 mt. Company’s operations are carried out at premises leased out by Gujarat Maritime Board (GMB) in Bhavnagar.
Apart from ship breaking business, company is also engaged in trading of metal scrap, coals, aluminium foil & other inputs. Also, company lends out excess capital to other parties and invests in shares and securities