Shree Precoated Steels Ltd

Shree Precoated Steels Ltd

₹ 19.2 1.59%
04 Oct - close price
About

Incorporated in 2007, Shree Precoated Steels Ltd is engaged in real estate and trading.

Key Points

Business Overview:[1][2]
Company is a flagship company of Ajmera Group of Companies and was in the business of manufacturing Cold Rolled Galvanized and Colour Coated Flat Steel Products. Products are used in construction, white goods and automotive sectors. Company manufactured 840'000 TPA of Cold Rolled Steel including CRCA 490'000 TPA of Galvanized products including Galvalume and 390'000 TPA of Color-Coated products. In 2009, company transferred their Steel Business to Essar Steel Ltd as a going concern basis for Rs.1094 Cr. In order to diversify its business ventures, company is currently trading in Development rights and is exploring opportunities in real estate development and redevelopment projects. Company is focusing on activities related to trading of flats, development rights and investment in real estate.

  • Market Cap 7.94 Cr.
  • Current Price 19.2
  • High / Low 24.4 / 8.28
  • Stock P/E
  • Book Value -3.74
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -39.5% over past five years.
  • Promoter holding has decreased over last 3 years: -9.46%

* 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: Realty Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.11 0.12 0.13 0.13 0.11 0.11 0.18 0.12 0.13 0.13 0.15 0.17 0.13
Operating Profit -0.11 -0.12 -0.13 -0.13 -0.11 -0.11 -0.18 -0.12 -0.13 -0.13 -0.15 -0.17 -0.13
OPM %
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.11 -0.12 -0.13 -0.13 -0.11 -0.11 -0.18 -0.12 -0.13 -0.13 -0.15 -0.17 -0.13
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.11 -0.12 -0.13 -0.13 -0.11 -0.11 -0.18 -0.12 -0.13 -0.13 -0.15 -0.17 -0.13
EPS in Rs -0.27 -0.29 -0.31 -0.31 -0.27 -0.27 -0.43 -0.29 -0.31 -0.31 -0.36 -0.41 -0.31
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
5.52 3.22 26.12 12.85 2.40 0.00 -0.37 -0.03 -0.03 -0.02 -0.03 -0.03 0.00
4.54 3.51 20.64 18.72 8.62 0.94 0.90 0.54 0.45 0.48 0.50 0.55 0.58
Operating Profit 0.98 -0.29 5.48 -5.87 -6.22 -0.94 -1.27 -0.57 -0.48 -0.50 -0.53 -0.58 -0.58
OPM % 17.75% -9.01% 20.98% -45.68% -259.17%
0.07 30.79 6.50 0.00 0.47 0.59 1.14 0.26 0.55 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.01 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.10 0.07 0.04 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.95 30.43 11.93 -5.94 -5.79 -0.35 -0.13 -0.31 0.07 -0.50 -0.53 -0.58 -0.58
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.95 30.43 11.93 -5.94 -5.79 -0.35 -0.13 -0.31 0.07 -0.50 -0.53 -0.58 -0.58
EPS in Rs 0.11 3.68 1.44 -0.72 -0.70 -0.04 -0.02 -0.75 0.17 -1.21 -1.28 -1.40 -1.39
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: %
5 Years: -40%
3 Years: 0%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -7%
Stock Price CAGR
10 Years: 13%
5 Years: 112%
3 Years: -27%
1 Year: 35%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 82.80 82.80 82.80 82.80 82.80 82.80 4.14 4.14 4.14 4.14 4.14 4.14
Reserves -112.76 -82.33 -70.39 -76.33 -82.10 -82.41 -3.89 -4.19 -4.08 -4.58 -5.11 -5.69
53.62 15.00 15.60 0.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17.80 10.94 10.56 5.37 6.02 5.41 5.18 5.50 5.37 5.87 6.39 6.95
Total Liabilities 41.46 26.41 38.57 12.05 6.72 5.80 5.43 5.45 5.43 5.43 5.42 5.40
0.10 0.04 0.86 0.32 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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
41.36 26.37 37.71 11.73 6.69 5.77 5.40 5.42 5.40 5.40 5.39 5.37
Total Assets 41.46 26.41 38.57 12.05 6.72 5.80 5.43 5.45 5.43 5.43 5.42 5.40

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
-5.25 41.03 -2.24 15.01 -1.32 -0.40 -0.37 0.03 -0.03 0.00 -0.01 -0.02
0.00 0.00 -0.86 0.51 1.55 0.04 0.34 -0.04 0.02 0.01 0.00 0.00
5.54 -38.61 0.37 -15.31 -0.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 0.29 2.42 -2.72 0.21 0.09 -0.36 -0.03 -0.01 -0.01 0.01 -0.01 -0.02

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 317.39 311.72 29.35 37.78 15.21 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days 286.03 2,070.11 1,896.30 358.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable 573.98 723.34 765.65 676.26
Cash Conversion Cycle 29.44 1,658.49 1,160.00 -280.20 15.21 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days 1,330.40 2,039.24 458.49 226.39 120.15 197.30 -4,988.33 -13,991.67 -29,565.00 -25,915.00 -32,850.00
ROCE % 4.37% 0.46% 25.02% -34.02% -155.28% -64.22% -40.62% -310.00% 1,400.00%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
62.89% 55.84% 51.04% 51.04% 51.05% 51.05% 51.05% 51.05% 49.92% 49.92% 53.45% 53.45%
37.11% 44.16% 48.96% 48.96% 48.95% 48.96% 48.96% 48.95% 50.08% 50.09% 46.57% 46.57%
No. of Shareholders 16,41416,40316,25516,11715,95315,80715,65415,55015,43315,24715,04414,869

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