Mideast Integrated Steels Ltd

Mideast Int. Stl Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mideast Integrated Steels Ltd

₹ 9.58 -4.96%
27 Jun 2022
mescosteel.com BSE: 540744
About

Mideast Integrated Steel Ltd is engaged in extraction of iron ore and production of pig iron.The Co belongs to the Mesco Steel Group which has business interests in steel to aerospace. [1]

Key Points

Product Offerings
Pig Iron: It is the intermediate product in smelting iron ore ideal for manufacturing of high end infrastructure goods.
Sponge Iron: The Co produces Direct-reduced iron from iron ore /pellets. Secondary steel processors can use this metallic iron content to produce various steel products.
Steel Bars: These have industrial & domestic usages and are produced in various defined sizes.
Heavy section beams: The Co supplies different size hot rolled medium & high tensile structural steel.
Billets: A billet is a length of metal that has a square cross-section of different dimensions. Billets are produced directly via continuous casting. The Co supplies steel billets of various cross sections and sizes. [1]

Website BSE
  • Market Cap ₹ 132 Cr.
  • Current Price ₹ 9.58
  • High / Low ₹ /
  • Stock P/E 4.17
  • Book Value ₹ 37.6
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 11.8 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.25 times its book value
  • Company has delivered good profit growth of 77.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -41.4% over past five years.
  • Company has a low return on equity of 2.83% over last 3 years.
  • Contingent liabilities of Rs.1,039 Cr.
  • Earnings include an other income of Rs.116 Cr.
  • Company has high debtors of 322 days.
  • Promoter holding has decreased over last 3 years: -11.9%

* 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 - Pig Iron

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
1 0 1 1 12 4 40 38 22 60 0 0 0
3 2 11 8 19 5 35 57 7 66 15 3 2
Operating Profit -2 -2 -11 -7 -6 -1 5 -19 15 -6 -15 -3 -2
OPM % -162% -1,815% -1,173% -51% -16% 11% -51% 69% -10%
0 39 -1 0 1 7 -8 0 0 1 120 -5 0
Interest 0 0 0 0 0 0 -0 0 0 0 4 0 0
Depreciation 9 9 14 9 9 9 9 9 9 27 9 9 9
Profit before tax -10 27 -25 -16 -14 -3 -12 -28 7 -33 92 -17 -11
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-10 27 -25 -16 -14 -3 -12 -28 7 -33 92 -17 -11
EPS in Rs -0.76 1.97 -1.84 -1.15 -1.03 -0.19 -0.89 -2.05 0.47 -2.37 6.64 -1.21 -0.82
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
729 862 558 488 283 583 738 402 192 139 17 51 60
552 635 569 415 199 426 717 443 240 148 133 72 87
Operating Profit 177 227 -10 73 84 156 21 -41 -47 -9 -116 -21 -27
OPM % 24% 26% -2% 15% 30% 27% 3% -10% -25% -7% -682% -42% -45%
26 7 81 13 19 13 41 46 7 166 11 121 116
Interest 2 2 8 14 40 82 5 2 1 0 3 4 4
Depreciation 46 47 59 61 55 57 56 56 42 41 36 36 54
Profit before tax 156 185 4 12 9 30 1 -54 -83 116 -144 59 31
Tax % 10% 37% 76% 27% -55% 22% 388% 11% 2% 0% 0% -2%
140 116 1 9 14 23 -4 -60 -85 116 -144 60 31
EPS in Rs 10.19 8.43 0.07 0.62 1.02 1.69 -0.28 -4.34 -6.17 8.38 -10.45 4.35 2.24
Dividend Payout % 7% 9% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -25%
5 Years: -41%
3 Years: -36%
TTM: -42%
Compounded Profit Growth
10 Years: -6%
5 Years: 78%
3 Years: 39%
TTM: 187%
Stock Price CAGR
10 Years: %
5 Years: 6%
3 Years: -7%
1 Year: %
Return on Equity
10 Years: -1%
5 Years: -3%
3 Years: 3%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 138 138 138 138 138 138 138 138 138 138 138 138 138
Reserves 375 479 480 488 502 526 522 462 377 493 349 409 381
41 30 46 67 72 55 76 46 45 52 50 59 55
919 987 869 848 836 913 961 936 904 687 683 559 561
Total Liabilities 1,472 1,634 1,533 1,541 1,549 1,632 1,697 1,582 1,464 1,369 1,220 1,164 1,135
856 935 915 953 899 868 812 750 708 667 631 594 576
CWIP 107 28 31 18 32 14 24 24 24 24 24 24 24
Investments 2 2 32 105 169 192 192 192 192 192 192 192 192
508 669 555 465 448 558 670 616 539 486 373 354 342
Total Assets 1,472 1,634 1,533 1,541 1,549 1,632 1,697 1,582 1,464 1,369 1,220 1,164 1,135

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
68 57 48 127 100 42 -3 -40 -12 -6 -0 -17
-37 -35 -72 -150 -62 -28 19 35 16 2 5 1
-26 -19 -4 -2 -35 -20 14 -32 -2 -0 -4 17
Net Cash Flow 5 3 -28 -24 3 -7 30 -38 2 -5 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 3 2 0 3 1 15 36 60 117 108 794 322
Inventory Days 158 191 125 165 220 65 92 1,340 1,779 4,887 2,055
Days Payable 188 90 66 119 325 118 233 3,423 3,999 11,137 2,935
Cash Conversion Cycle -26 103 59 48 1 -90 -17 -80 -1,966 -2,111 -5,456 -557
Working Capital Days -130 -17 3 -28 -9 -49 -58 -103 -294 -269 -2,643 -327
ROCE % 32% 31% 2% 4% 7% 16% 1% -8% -14% 21% -23% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.54% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59% 53.59%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
34.32% 46.26% 46.26% 46.26% 46.27% 46.26% 46.26% 46.26% 46.26% 46.26% 46.26% 46.26%
No. of Shareholders 93,05392,92992,77092,75692,73692,72492,71592,69992,69092,67592,66792,660

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Jul 2018
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