SRU Steels Ltd
₹ 8.13
-0.25%
03 Jan
- close price
About
Incorporated in 1995, SRU Steels Ltd does trading of stainless steels and acts as consignment agent[1]
Key Points
- Market Cap ₹ 48.7 Cr.
- Current Price ₹ 8.13
- High / Low ₹ 15.2 / 5.71
- Stock P/E
- Book Value ₹ 2.17
- Dividend Yield 0.00 %
- ROCE 3.27 %
- ROE 2.38 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.74 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -12.0% over past five years.
- Company has a low return on equity of 3.21% 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.54 | 0.68 | 0.53 | 0.46 | 0.93 | 21.36 | 33.32 | 38.47 | 26.25 | 14.10 | 15.79 | 17.61 | 1.56 | |
| 0.42 | 0.54 | 0.86 | 0.88 | 0.84 | 20.86 | 33.16 | 38.55 | 26.19 | 14.48 | 15.37 | 17.79 | 1.83 | |
| Operating Profit | 0.12 | 0.14 | -0.33 | -0.42 | 0.09 | 0.50 | 0.16 | -0.08 | 0.06 | -0.38 | 0.42 | -0.18 | -0.27 |
| OPM % | 22.22% | 20.59% | -62.26% | -91.30% | 9.68% | 2.34% | 0.48% | -0.21% | 0.23% | -2.70% | 2.66% | -1.02% | -17.31% |
| 0.06 | 0.08 | 0.61 | 0.76 | 0.39 | 0.39 | 0.29 | 0.50 | 0.82 | 0.95 | 0.93 | 0.70 | 0.00 | |
| Interest | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.05 | 0.46 | 0.15 | 0.31 | -0.00 | 0.00 |
| Depreciation | 0.05 | 0.04 | 0.04 | 0.06 | 0.05 | 0.03 | 0.03 | 0.07 | 0.13 | 0.11 | 0.10 | 0.08 | 0.06 |
| Profit before tax | 0.13 | 0.18 | 0.24 | 0.28 | 0.43 | 0.86 | 0.42 | 0.30 | 0.29 | 0.31 | 0.94 | 0.44 | -0.33 |
| Tax % | 30.77% | 33.33% | 33.33% | 32.14% | 32.56% | 25.58% | 28.57% | 26.67% | 27.59% | 25.81% | 26.60% | 25.00% | |
| 0.09 | 0.12 | 0.16 | 0.20 | 0.30 | 0.64 | 0.30 | 0.22 | 0.21 | 0.23 | 0.70 | 0.32 | -0.39 | |
| EPS in Rs | 0.03 | 0.04 | 0.03 | 0.03 | 0.05 | 0.11 | 0.05 | 0.04 | 0.04 | 0.04 | 0.12 | 0.05 | -0.06 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 37.47% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | -12% |
| 3 Years: | -12% |
| TTM: | -95% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 1% |
| 3 Years: | 15% |
| TTM: | -154% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 2% |
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 | 3.63 | 3.63 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 7.99 | 11.99 | 11.99 |
| Reserves | 0.97 | 1.10 | 2.63 | 2.83 | 3.14 | 3.75 | 4.05 | 4.27 | 4.45 | 4.68 | 5.30 | 1.63 | 1.04 |
| -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.40 | 0.55 | -0.00 | -0.00 | -0.00 | |
| 0.23 | 1.88 | 2.09 | 2.85 | 5.26 | 5.24 | 1.59 | 6.64 | 5.14 | 4.38 | 6.51 | 0.87 | 0.90 | |
| Total Liabilities | 4.83 | 6.61 | 12.71 | 13.67 | 16.39 | 16.98 | 13.63 | 18.90 | 17.98 | 17.60 | 19.80 | 14.49 | 13.93 |
| 0.15 | 0.12 | 0.08 | 0.14 | 0.11 | 0.08 | 0.41 | 0.71 | 0.57 | 0.48 | 0.45 | 0.34 | 0.31 | |
| 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 | -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 | -0.00 |
| 4.68 | 6.49 | 12.63 | 13.53 | 16.28 | 16.90 | 13.22 | 18.19 | 17.41 | 17.12 | 19.35 | 14.15 | 13.62 | |
| Total Assets | 4.83 | 6.61 | 12.71 | 13.67 | 16.39 | 16.98 | 13.63 | 18.90 | 17.98 | 17.60 | 19.80 | 14.49 | 13.93 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.41 | -0.20 | -0.06 | -0.72 | 0.98 | -0.01 | -0.13 | 8.42 | -10.62 | -0.30 | -0.53 | ||
| -0.02 | 0.41 | -0.12 | 0.38 | 0.38 | -0.07 | 0.09 | 0.70 | 0.88 | 0.82 | 0.55 | ||
| -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.15 | -0.55 | -0.00 | ||
| Net Cash Flow | -0.43 | 0.21 | -0.17 | -0.34 | 1.36 | -0.07 | -0.03 | 9.12 | -9.60 | -0.03 | 0.02 |
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 | 2,196.76 | 1,513.68 | 1,391.13 | 975.98 | 934.09 | 210.52 | 48.75 | 59.96 | 61.60 | 70.67 | 70.97 | 14.92 |
| Inventory Days | 19.15 | -0.00 | 18.24 | 11.93 | 29.12 | 55.17 | -0.00 | |||||
| Days Payable | 90.79 | 26.66 | 23.85 | 19.23 | 66.41 | |||||||
| Cash Conversion Cycle | 2,196.76 | 1,513.68 | 1,391.13 | 975.98 | 934.09 | 138.89 | 48.75 | 51.55 | 49.67 | 80.57 | 59.72 | 14.92 |
| Working Capital Days | 2,690.19 | 719.26 | 6,941.89 | 8,093.48 | 4,038.55 | 178.57 | 115.35 | 100.00 | 22.53 | 287.60 | 294.96 | 272.97 |
| ROCE % | 2.85% | 3.86% | 3.13% | 2.61% | 3.92% | 7.43% | 3.53% | 2.88% | 6.06% | 3.53% | 9.43% | 3.27% |
Documents
Announcements
-
Intimation Of Request Received For Re-Classification By Person Falling Under Promoter Group Under Regulation 31A SEBI (LODR) Regulations, 2015.
2 Jan - Request for reclassification from Promoter to Public category.
-
Board Meeting Intimation for Intimation Of Meeting Of The Board Under The Regulation 29 Of The SEBI (LODR), Regulations, 2015.
2 Jan - Board meeting to discuss promoter re-classification.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
31 Dec - Resignation of Non-Executive Director and CFO effective 31st December 2024.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
31 Dec - Resignation of Non-Executive Director and CFO effective December 31, 2024.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
31 Dec - Resignation of Non-Executive Director and CFO effective December 31, 2024.
Business Overview:[1][2][3]
Company trades in various types of steel products viz. stainless steels, mild steels, steel coils, sheets, carbon iron steel and also does sale of products on commission basis. Company is planning to sell directly to customers along with consignment sales. It has a franchisee of M/s Jindal Steel & Power Limited for trading in steel. Company is operating in Delhi and Ahmedabad only