S.A.L Steel Ltd

S.A.L Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

S.A.L Steel Ltd

₹ 24.2 -4.13%
21 Nov - close price
salsteel.co.in BSE: 532604 NSE: SALSTEEL
About

Incorporated in 2003, SAL Steel Ltd does manufacturing of Sponge Iron, Ferro Alloys and Power[1]

Key Points

Product Profile:[1]
SSL is a Steel, Ferro Alloys and Power Company having operations near Kandla Port in Gujarat. It deals in:
a) Direct Reduced Iron (DRI/Sponge Iron)
b) Ferro Alloys
c) Iron Ore pellets
d) Various finished steel products

Website BSE NSE
  • Market Cap ₹ 205 Cr.
  • Current Price ₹ 24.2
  • High / Low ₹ 31.2 / 17.2
  • Stock P/E 467
  • Book Value ₹ 5.33
  • Dividend Yield 0.00 %
  • ROCE 8.02 %
  • ROE 1.12 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 13.7%

Cons

  • Stock is trading at 4.54 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Contingent liabilities of Rs.73.5 Cr.
  • Promoters have pledged 45.4% of their holding.

* 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 - Sponge Iron

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Quarterly Results

Figures in Rs. Crores

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
94.87 135.78 186.48 118.70 137.36 142.14 112.31 153.64 157.00 129.53 139.46 110.71 123.52
89.00 133.28 176.70 116.05 130.23 134.83 106.52 148.00 151.23 127.26 130.16 104.73 117.65
Operating Profit 5.87 2.50 9.78 2.65 7.13 7.31 5.79 5.64 5.77 2.27 9.30 5.98 5.87
OPM % 6.19% 1.84% 5.24% 2.23% 5.19% 5.14% 5.16% 3.67% 3.68% 1.75% 6.67% 5.40% 4.75%
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 0.10 0.09 0.10 0.57 3.85 3.30 3.14 3.20 3.22 3.17 3.18 3.22
Depreciation 2.29 2.29 2.29 2.38 2.39 2.38 2.39 2.38 2.40 2.38 2.46 2.60 2.55
Profit before tax 3.58 0.11 7.40 0.17 4.17 1.08 0.10 0.12 0.17 -3.33 3.67 0.20 0.10
Tax % 25.70% 36.36% 33.11% 17.65% 35.25% 24.07% 220.00% 16.67% 17.65% -25.53% 26.43% 20.00% 40.00%
2.66 0.07 4.95 0.14 2.70 0.82 -0.12 0.10 0.14 -2.48 2.70 0.16 0.06
EPS in Rs 0.31 0.01 0.58 0.02 0.32 0.10 -0.01 0.01 0.02 -0.29 0.32 0.02 0.01
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
377 326 363 327 361 446 571 408 301 505 496 577 503
370 326 337 304 351 440 562 426 301 509 487 555 480
Operating Profit 7 -0 26 23 10 6 9 -18 -0 -4 8 21 23
OPM % 2% -0% 7% 7% 3% 1% 2% -4% -0% -1% 2% 4% 5%
1 2 -47 -31 2 66 -19 44 22 29 14 2 0
Interest 32 30 30 12 1 1 2 2 0 0 8 13 13
Depreciation 19 17 9 8 8 8 8 8 9 9 10 10 10
Profit before tax -43 -47 -59 -29 4 64 -19 17 12 16 6 1 1
Tax % -33% -24% 28% 0% 75% 34% 16% 7% 7% 29% 36% 26%
-29 -35 -76 -29 1 42 -22 16 12 12 4 0 0
EPS in Rs -3.36 -4.17 -8.93 -3.39 0.10 4.99 -2.54 1.87 1.36 1.36 0.42 0.06 0.06
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 0%
3 Years: 24%
TTM: -11%
Compounded Profit Growth
10 Years: 7%
5 Years: 16%
3 Years: -66%
TTM: -53%
Stock Price CAGR
10 Years: 25%
5 Years: 53%
3 Years: 40%
1 Year: 31%
Return on Equity
10 Years: %
5 Years: 31%
3 Years: 14%
Last Year: 1%

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 Sep 2024
Equity Capital 85 85 85 85 85 85 85 85 85 85 85 85 88
Reserves 13 -15 -91 -120 -124 -65 -86 -70 -59 -47 -43 -43 -43
207 176 121 86 172 175 170 161 146 124 125 125 125
134 167 172 199 162 87 114 139 123 129 110 117 141
Total Liabilities 439 413 287 250 296 282 283 314 295 291 277 284 312
174 156 147 140 133 128 126 118 155 146 136 143 146
CWIP 104 104 56 25 25 25 11 46 1 1 3 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
161 153 83 86 138 130 147 150 139 144 137 140 165
Total Assets 439 413 287 250 296 282 283 314 295 291 277 284 312

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
24 -17 22 2 -6 7 -4 54 24 22 8 26
-9 1 0 -1 -1 -3 8 -35 -1 0 -2 -13
-16 11 -22 -1 7 -3 -6 -18 -22 -22 -7 -13
Net Cash Flow -2 -4 0 -0 0 1 -2 0 1 0 -1 0

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 38 54 13 45 51 28 58 107 104 40 51 42
Inventory Days 70 57 43 48 92 85 28 22 56 47 57 40
Days Payable 69 35 34 38 44 30 43 75 111 46 28 32
Cash Conversion Cycle 40 76 22 55 99 83 43 54 50 41 81 50
Working Capital Days -47 -116 -139 -149 -43 35 25 10 35 19 32 25
ROCE % -3% -6% 10% 18% 5% 1% 2% 11% 7% 10% 8% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56% 50.56%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07%
49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.44% 49.43% 49.44% 49.43% 49.36%
No. of Shareholders 35,81242,95844,84643,80241,64641,90542,11143,28455,58969,41366,36065,097

* 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.

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