Steel Exchange India Ltd

Steel Exchange Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steel Exchange India Ltd

₹ 10.2 0.49%
22 Nov 9:40 a.m.
seil.co.in BSE: 534748 NSE: STEELXIND
About

Incorporated in 1999, Steel Exchange India Ltd manufactures and sells steel and related products and power generation[1]

Key Points

Business Divisions:
Steel Division (97%) [1][2]
a) Manufacturing:
Company manufactures TMT bars, billets, ingots, sponge iron, and scrap/pig iron. It
sells TMT Rebars under the Brand name - Simhadri TMT.
b) Trading:
The trading division deals with the products manufactured by the Company, RINL (Vizag Steel), and other manufacturers of the products. It has developed the marketing base for the company throughout the coastal region of Andhra Pradesh.

Website BSE NSE
  • Market Cap ₹ 1,224 Cr.
  • Current Price ₹ 10.2
  • High / Low ₹ 18.4 / 9.52
  • Stock P/E 48.5
  • Book Value ₹ 5.61
  • Dividend Yield 0.00 %
  • ROCE 8.31 %
  • ROE 1.90 %
  • Face Value ₹ 1.00
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Pros

  • Promoter holding has increased by 3.33% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.18% over past five years.
  • Company has a low return on equity of 3.72% over last 3 years.
  • Promoters have pledged 86.0% of their holding.
  • Debtor days have increased from 39.7 to 58.7 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 61.8 days to 103 days

* 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

Part of BSE Industrials BSE SmallCap BSE Allcap

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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
206.92 263.04 366.87 364.85 314.53 304.12 398.22 251.25 269.45 256.32 312.15 263.65 260.57
212.53 210.32 338.25 330.97 287.43 303.58 363.10 230.91 250.41 232.95 278.53 238.86 234.22
Operating Profit -5.61 52.72 28.62 33.88 27.10 0.54 35.12 20.34 19.04 23.37 33.62 24.79 26.35
OPM % -2.71% 20.04% 7.80% 9.29% 8.62% 0.18% 8.82% 8.10% 7.07% 9.12% 10.77% 9.40% 10.11%
13.05 0.18 6.54 0.53 0.55 3.11 0.85 0.91 0.80 1.29 1.08 2.61 0.74
Interest 17.38 35.07 18.64 19.88 20.51 23.27 41.97 20.79 18.35 19.27 19.46 18.89 18.44
Depreciation 5.91 5.96 6.04 6.40 6.09 5.80 6.08 5.89 5.13 5.18 5.10 5.93 5.93
Profit before tax -15.85 11.87 10.48 8.13 1.05 -25.42 -12.08 -5.43 -3.64 0.21 10.14 2.58 2.72
Tax % 0.00% 0.00% -973.28% 0.00% 0.00% 0.00% 252.73% 0.00% 0.00% 0.00% -94.77% 0.00% 0.00%
-15.85 11.87 112.48 8.13 1.05 -25.42 -42.61 -5.43 -3.65 0.21 19.75 2.58 2.72
EPS in Rs -0.18 0.13 1.28 0.09 0.01 -0.29 -0.41 -0.05 -0.03 0.00 0.16 0.02 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 9m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
979 1,252 1,562 1,658 1,271 922 1,024 781 898 1,099 1,375 1,086 1,093
883 1,124 1,387 1,506 1,197 933 1,000 710 764 993 1,279 989 985
Operating Profit 96 127 175 152 74 -11 24 71 134 106 97 96 108
OPM % 10% 10% 11% 9% 6% -1% 2% 9% 15% 10% 7% 9% 10%
20 7 12 11 -46 -39 -1 -1 77 20 5 4 6
Interest 63 80 128 123 157 136 10 3 26 88 106 78 76
Depreciation 12 15 25 27 30 29 30 27 43 24 24 21 22
Profit before tax 40 39 35 14 -159 -215 -17 39 143 14 -28 1 16
Tax % -32% 8% 18% 46% -1% -21% 114% -64% 2% -704% 108% -757%
53 36 28 7 -157 -170 -37 64 140 116 -59 11 25
EPS in Rs 1.03 0.69 0.55 0.14 -2.07 -2.24 -0.48 0.85 1.74 1.32 -0.57 0.09 0.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 1%
3 Years: 7%
TTM: -11%
Compounded Profit Growth
10 Years: -11%
5 Years: 18%
3 Years: -47%
TTM: 133%
Stock Price CAGR
10 Years: 7%
5 Years: 38%
3 Years: 8%
1 Year: -3%
Return on Equity
10 Years: -1%
5 Years: 11%
3 Years: 4%
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 52 52 52 76 76 76 76 76 80 88 104 120 120
Reserves 230 266 323 288 222 52 15 80 222 392 403 519 552
421 399 713 692 982 1,069 1,021 1,014 438 458 359 401 381
514 624 774 811 436 337 315 217 249 178 266 228 244
Total Liabilities 1,217 1,342 1,863 1,868 1,716 1,533 1,428 1,387 989 1,117 1,132 1,268 1,297
325 350 614 591 695 717 691 666 612 596 579 570 557
CWIP 4 9 46 53 54 5 4 4 6 7 13 50 89
Investments 35 35 0 0 0 0 0 0 0 0 0 0 0
854 948 1,202 1,223 966 811 732 717 371 514 540 648 651
Total Assets 1,217 1,342 1,863 1,868 1,716 1,533 1,428 1,387 989 1,117 1,132 1,268 1,297

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
77 147 91 166 -149 50 60 37 79 5 138 -48
-10 -46 -34 -9 -6 -2 -3 -2 13 9 -14 -49
-66 -102 -49 -163 151 -49 -58 -10 -116 -1 -120 98
Net Cash Flow 1 -1 8 -5 -4 -0 -1 25 -23 13 4 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 97 62 72 59 62 39 14 18 22 31 30 59
Inventory Days 196 218 195 190 215 268 257 344 100 98 88 123
Days Payable 196 185 169 153 36 45 59 65 49 33 45 52
Cash Conversion Cycle 97 95 99 96 241 262 212 297 74 95 73 129
Working Capital Days 94 74 88 70 143 135 107 155 40 38 44 103
ROCE % 17% 18% 13% 4% -3% -0% 5% 11% 11% 9% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.78% 49.78% 49.78% 49.79% 49.79% 50.94% 55.92% 55.92% 55.92% 55.41% 49.57% 52.91%
5.14% 6.65% 6.40% 6.35% 5.91% 4.52% 4.30% 4.01% 3.87% 1.47% 0.69% 0.69%
4.35% 4.51% 4.35% 0.89% 0.89% 0.75% 0.66% 0.66% 0.66% 1.26% 1.26% 1.26%
0.35% 0.35% 0.35% 0.35% 0.35% 0.30% 0.26% 0.26% 0.26% 0.26% 0.26% 0.26%
40.37% 38.71% 39.12% 42.61% 43.06% 43.48% 38.86% 39.13% 39.29% 41.61% 48.23% 44.88%
No. of Shareholders 49,31147,13650,40667,10373,43973,14879,46198,4701,40,7832,70,1472,87,0553,00,122

* 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

  • May 2021
    Transcript
    Notes
    PPT
  • Feb 2021
    Transcript
    Notes
    PPT