Earthstahl & Alloys Ltd
Incorporated in 2009, Earthstahl & Alloys Ltd is in the business of manufacturing, generation and sale of Iron and Steel products[1]
- Market Cap ₹ 51.6 Cr.
- Current Price ₹ 42.2
- High / Low ₹ 66.0 / 0.00
- Stock P/E 27.3
- Book Value ₹ 30.2
- Dividend Yield 0.00 %
- ROCE 8.22 %
- ROE 5.21 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 31.8 days to 19.6 days
Cons
- Company might be capitalizing the interest cost
* 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 - Medium / Small
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 1.87 | 39.05 | 31.65 | 24.12 | 48.88 | 91.81 | 87.94 | |
| 2.58 | 40.93 | 29.04 | 17.95 | 35.43 | 79.40 | 82.73 | |
| Operating Profit | -0.71 | -1.88 | 2.61 | 6.17 | 13.45 | 12.41 | 5.21 |
| OPM % | -37.97% | -4.81% | 8.25% | 25.58% | 27.52% | 13.52% | 5.92% |
| 1.17 | 0.27 | 0.16 | 0.46 | 0.20 | 0.38 | 0.98 | |
| Interest | 0.09 | 1.58 | 1.75 | 1.75 | 1.20 | 1.06 | 0.93 |
| Depreciation | 1.64 | 1.35 | 1.38 | 1.45 | 1.51 | 2.10 | 2.15 |
| Profit before tax | -1.27 | -4.54 | -0.36 | 3.43 | 10.94 | 9.63 | 3.11 |
| Tax % | 0.00% | 0.00% | -5.56% | 21.87% | 31.44% | 22.01% | 39.23% |
| -1.27 | -4.54 | -0.33 | 2.67 | 7.49 | 7.51 | 1.89 | |
| EPS in Rs | -4.23 | -15.13 | -1.10 | 8.90 | 24.97 | 6.14 | 1.54 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.15% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 54% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | -11% |
| TTM: | -75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 23% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 12.24 | 12.24 |
| Reserves | 3.66 | -0.88 | 2.00 | 4.68 | 12.17 | 23.40 | 24.68 |
| 15.25 | 14.99 | 17.34 | 13.97 | 14.00 | 12.73 | 12.97 | |
| 2.07 | 5.78 | 7.56 | 6.52 | 6.75 | 9.33 | 10.44 | |
| Total Liabilities | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.70 | 60.33 |
| 17.53 | 17.07 | 16.25 | 15.84 | 15.95 | 24.16 | 22.97 | |
| CWIP | 0.00 | 0.14 | 0.20 | 0.24 | 5.21 | 1.56 | 11.91 |
| Investments | 0.00 | 0.02 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| 6.45 | 5.66 | 13.30 | 11.94 | 14.61 | 31.83 | 25.30 | |
| Total Assets | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.70 | 60.33 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 1.43 | 6.81 | 6.59 | 8.68 | 7.82 | |||
| -1.50 | -1.04 | -5.95 | -12.32 | -12.62 | |||
| 0.06 | -5.11 | -1.17 | 10.63 | -1.29 | |||
| Net Cash Flow | -0.01 | 0.66 | -0.53 | 6.98 | -6.09 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 66.36 | 8.79 | 7.84 | 12.71 | 4.18 | 13.87 | 6.68 |
| Inventory Days | 1,223.82 | 35.47 | 198.07 | 207.27 | 285.34 | 102.86 | 101.48 |
| Days Payable | 652.71 | 45.75 | 131.38 | 132.68 | 107.60 | 54.58 | 62.30 |
| Cash Conversion Cycle | 637.48 | -1.50 | 74.53 | 87.31 | 181.93 | 62.16 | 45.86 |
| Working Capital Days | 343.53 | -32.34 | -4.15 | -13.92 | 45.25 | 30.57 | 19.59 |
| ROCE % | -15.17% | 7.05% | 23.51% | 47.46% | 27.57% | 8.22% |
Documents
Announcements
-
Intimation Of Consent To Operate (CTO) For 10 TPH Briquetting Plant.
23 Oct - Received consent to operate 10 TPH briquetting plant.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Oct - Certificate under SEBI Regulation 74(5) for Q3 2024.
-
Announcement Under Reg. 30 Of SEBI (LODR) Regulations, 2015 - Charging Of The 132 Kv Power Supply System.
10 Oct - Charging of 132 KV power supply system.
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
1 Oct - Change in registered office address of the company.
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
1 Oct - Appointment of M/s. O P Bagla & Co. LLP as statutory auditor.
Business Overview:[1]
a) E&AL produces Cast Iron (CI) through Submerged Arc Furnaces which are used for production of ferro alloys. Cast iron is used as a
substitute of Pig iron in steel plants/foundries
b) Company uses waste generated by steel plants as primary raw material for production of Cast Iron
c) It can also shift to production of ferro alloys after getting the necessary environmental
clearances.
d) Company has started OPVC compatible DI fittings
e) It has started exporting pipe fittings and entered into strategic alliance with a foreign company
f) Company has also entered into agreement for acquisition of land in iron ore rich belt of Gadchiroli area of Maharashtra