Visa Steel Ltd

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

Visa Steel Ltd

₹ 35.2 4.98%
18 Nov - close price
visasteel.com BSE: 532721 NSE: VISASTEEL
About

Incorporated in 1996, VISA Steel Ltd does manufacturing of High Carbon Ferro Chrome[1]

Key Points

Operational Status:[1]
Company is operating the Ferro Chrome Plant under conversion arrangement to continue as a going concern and due to non availability of funds for working capital and major refurbishment and relining of Furnaces. It is taking support of related parties and operational creditors to continue Plant operations under conversion arrangement

Website BSE NSE - BE
  • Market Cap ₹ 408 Cr.
  • Current Price ₹ 35.2
  • High / Low ₹ 37.0 / 15.2
  • Stock P/E
  • Book Value ₹ -73.9
  • Dividend Yield 0.00 %
  • ROCE -7.08 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Promoter holding has increased by 4.40% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.62% over past five years.
  • Contingent liabilities of Rs.533 Cr.
  • Promoters have pledged 72.8% of their holding.
  • Earnings include an other income of Rs.8.76 Cr.
  • Promoter holding has decreased over last 3 years: -6.22%

* 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: Ferro Alloys Industry: Mining / Minerals / Metals

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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
246.36 209.71 229.65 143.22 169.41 152.57 107.28 234.96 189.23 89.63 156.08 134.73 150.62
241.58 204.61 219.62 136.80 166.03 152.70 109.41 229.81 194.81 94.26 145.91 122.38 142.68
Operating Profit 4.78 5.10 10.03 6.42 3.38 -0.13 -2.13 5.15 -5.58 -4.63 10.17 12.35 7.94
OPM % 1.94% 2.43% 4.37% 4.48% 2.00% -0.09% -1.99% 2.19% -2.95% -5.17% 6.52% 9.17% 5.27%
0.08 0.22 0.03 0.28 0.24 -398.13 0.90 0.47 0.23 0.36 0.43 0.23 7.74
Interest 5.96 6.21 6.25 6.82 6.73 6.89 7.28 7.75 7.33 7.49 7.34 7.43 7.63
Depreciation 11.62 11.67 11.40 11.42 11.57 12.01 11.82 11.87 11.97 12.61 12.14 12.06 12.21
Profit before tax -12.72 -12.56 -7.59 -11.54 -14.68 -417.16 -20.33 -14.00 -24.65 -24.37 -8.88 -6.91 -4.16
Tax % 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%
-12.72 -12.56 -7.59 -11.54 -14.68 -417.16 -20.33 -14.00 -24.65 -24.36 -8.88 -6.91 -4.16
EPS in Rs -1.10 -1.08 -0.66 -1.00 -1.27 -36.03 -1.76 -1.21 -2.13 -2.10 -0.77 -0.60 -0.36
Raw PDF

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
521 1,030 446 1,011 1,397 859 805 348 611 792 572 670 531
737 992 440 1,033 1,381 844 828 407 621 776 565 665 505
Operating Profit -216 38 6 -22 16 14 -23 -59 -10 16 8 5 26
OPM % -41% 4% 1% -2% 1% 2% -3% -17% -2% 2% 1% 1% 5%
303 12 -121 31 28 20 15 40 -215 1 -397 2 9
Interest 126 145 86 457 37 13 13 17 20 24 28 30 30
Depreciation 52 58 35 127 150 49 46 48 47 46 47 49 49
Profit before tax -91 -152 -237 -575 -143 -28 -66 -85 -290 -53 -464 -72 -44
Tax % 0% 0% 2% 5% 0% 0% 0% 0% 0% 0% 0% 0%
-91 -152 -241 -603 -143 -28 -66 -85 -290 -53 -464 -72 -44
EPS in Rs -8.28 -13.86 -21.95 -54.80 -12.97 -2.38 -5.71 -7.33 -25.07 -4.54 -40.05 -6.21 -3.83
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -4%
3 Years: 3%
TTM: -22%
Compounded Profit Growth
10 Years: 4%
5 Years: -2%
3 Years: 1%
TTM: 33%
Stock Price CAGR
10 Years: 6%
5 Years: 48%
3 Years: 36%
1 Year: 122%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 110 110 110 110 110 116 116 116 116 116 116 116 116
Reserves 410 257 12 -1,048 -758 71 5 -81 -372 -425 -888 -960 -971
2,220 2,389 2,981 3,511 3,738 1,476 1,379 1,353 1,396 1,395 1,394 1,409 1,400
778 986 759 826 795 342 382 419 386 404 445 467 474
Total Liabilities 3,517 3,742 3,862 3,399 3,885 2,005 1,881 1,807 1,526 1,491 1,068 1,032 1,019
961 915 2,747 2,648 3,046 1,138 1,091 1,079 1,030 988 960 920 897
CWIP 1,646 1,939 296 295 304 296 297 290 39 39 39 39 39
Investments 451 451 451 21 21 5 4 4 4 4 4 4 4
458 437 367 434 514 565 489 434 453 459 65 69 79
Total Assets 3,517 3,742 3,862 3,399 3,885 2,005 1,881 1,807 1,526 1,491 1,068 1,032 1,019

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
-519 249 -210 -390 -3 43 55 13 16 12 25 17
230 -99 -11 30 13 17 20 39 0 -3 -16 -9
293 -155 221 362 -1 -56 -90 -47 -14 -9 -8 -8
Net Cash Flow 4 -5 0 2 10 4 -16 6 2 0 0 0

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 42 14 46 61 37 17 8 0 0 0 0 0
Inventory Days 119 71 154 59 71 54 44 28 22 10 10 7
Days Payable 305 187 442 126 96 29 49 101 55 23 57 41
Cash Conversion Cycle -144 -102 -242 -6 12 42 4 -73 -32 -13 -46 -34
Working Capital Days -259 -227 -506 -302 -320 -152 -251 -826 36 21 -259 -237
ROCE % -4% 0% -0% -4% -4% -1% -3% -5% -4% -3% -4% -7%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.88% 38.33% 38.33% 38.33% 43.33% 43.33% 43.33% 48.27% 48.27% 48.27% 48.27% 52.66%
21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 21.95% 17.42% 17.42% 17.42% 17.42% 13.35%
19.17% 39.72% 39.72% 39.72% 34.72% 34.73% 34.71% 34.32% 34.32% 34.33% 34.34% 33.99%
No. of Shareholders 19,10020,20021,74421,79722,68822,36521,98521,32420,43819,66919,03618,492

* 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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Documents

Announcements

Annual reports