Inducto Steel Ltd
Incorporated in 1988, Inducto Steel Ltd is in the business of ship breaking, trading and investment activities[1]
- Market Cap ₹ 44.9 Cr.
- Current Price ₹ 112
- High / Low ₹ 137 / 29.0
- Stock P/E 280
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE 7.27 %
- ROE 0.37 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.04 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.
- Earnings include an other income of Rs.1.78 Cr.
- 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 | |
|---|---|---|---|---|---|---|---|---|
| 23 | 21 | 76 | 46 | 3 | 57 | 90 | 104 | |
| 25 | 22 | 74 | 47 | 4 | 55 | 88 | 102 | |
| Operating Profit | -2 | -1 | 2 | -1 | -1 | 3 | 2 | 2 |
| OPM % | -8% | -4% | 2% | -3% | -37% | 5% | 2% | 2% |
| 4 | 2 | 0 | 2 | 0 | 0 | 1 | 2 | |
| Interest | 2 | 0 | 1 | 0 | 0 | 0 | 1 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 0 | 1 | 0 | -1 | 3 | 1 | 0 |
| Tax % | 30% | 38% | 43% | 26% | 0% | 12% | 43% | 35% |
| 1 | 0 | 0 | 0 | -1 | 2 | 1 | 0 | |
| EPS in Rs | 1.47 | 0.60 | 1.07 | 0.42 | -3.46 | 5.63 | 1.44 | 0.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 229% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -18% |
| 3 Years: | 28% |
| TTM: | -72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 52% |
| 3 Years: | 70% |
| 1 Year: | 262% |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 37 | 37 | 37 | 38 | 36 | 38 | 39 | 39 |
| 0 | 0 | 0 | 0 | 5 | 5 | 16 | 3 | |
| 25 | 0 | 12 | 0 | 0 | 35 | 1 | 1 | |
| Total Liabilities | 66 | 41 | 53 | 42 | 45 | 83 | 59 | 47 |
| 1 | 1 | 1 | 3 | 2 | 3 | 3 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 34 | 31 | 34 | 39 | 22 | 35 | 25 |
| 62 | 6 | 21 | 6 | 4 | 58 | 22 | 20 | |
| Total Assets | 66 | 41 | 53 | 42 | 45 | 83 | 59 | 47 |
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
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Certificate dated July 03, 2024 issued by our Registrar and Share Transfer Agent, M/s. Link Intime India Private Limited, confirming compliance under Regulation 74(5) of …
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
9 Jul - On July 09, 2024, on the recommendation of the Audit Committee and subject to the approval of shareholders, has approved the appointment of M/s. LLB …
- Voting Results Of Postal Ballot Notice Of The Company Dated May 25, 2024. 28 Jun
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 28 Jun
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 28 Jun
Annual reports
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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
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Financial Year 2009
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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