Vraj Iron & Steel Ltd
Incorporated in June 2004, Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand -''Vraj''[1]
- Market Cap ₹ 701 Cr.
- Current Price ₹ 213
- High / Low ₹ 297 / 210
- Stock P/E 15.8
- Book Value ₹ 111
- Dividend Yield 0.00 %
- ROCE 36.6 %
- ROE 33.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 284 | 402 | 516 | 420 | 401 | |
| 256 | 354 | 438 | 343 | 338 | |
| Operating Profit | 28 | 48 | 77 | 77 | 63 |
| OPM % | 10% | 12% | 15% | 18% | 16% |
| 0 | 0 | 2 | 4 | 4 | |
| Interest | 6 | 4 | 3 | 3 | 2 |
| Depreciation | 7 | 7 | 6 | 6 | 6 |
| Profit before tax | 15 | 37 | 69 | 73 | 60 |
| Tax % | 33% | 26% | 26% | 25% | |
| 10 | 28 | 51 | 54 | 44 | |
| EPS in Rs | 19.68 | 55.62 | 103.37 | 21.89 | 16.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 77% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 25 | 33 |
| Reserves | 51 | 78 | 130 | 164 | 334 |
| 46 | 43 | 25 | 63 | 7 | |
| 22 | 20 | 26 | 17 | 22 | |
| Total Liabilities | 123 | 146 | 186 | 269 | 396 |
| 62 | 56 | 53 | 48 | 48 | |
| CWIP | 0 | 0 | 0 | 64 | 130 |
| Investments | 11 | 11 | 12 | 11 | 25 |
| 50 | 78 | 120 | 146 | 192 | |
| Total Assets | 123 | 146 | 186 | 269 | 396 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 24 | 7 | 63 | 19 | |
| -6 | -1 | -40 | -56 | |
| -16 | -6 | -23 | 36 | |
| Net Cash Flow | 2 | 1 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 9 | 11 | 9 | 10 |
| Inventory Days | 39 | 39 | 30 | 54 |
| Days Payable | 21 | 10 | 13 | 13 |
| Cash Conversion Cycle | 27 | 40 | 26 | 51 |
| Working Capital Days | 28 | 47 | 55 | 49 |
| ROCE % | 37% | 51% | 37% |
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015
2d - Notice received regarding name similarity with another entity.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Newspaper Publication of Un-Audited Financial Result of the Company for the Quarter and Half Year ended September 30, 2024.
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Statement Of Deviation Or Variation In The Use Of Proceeds Of Initial Public Offer (IPO) For The Quarter Ended September 30, 2024
12 Nov - No deviation in fund utilization from IPO.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
12 Nov - Monitoring Agency Report for IPO proceeds utilization.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 12/11/2024 To Approve Unaudited Standalone And Consolidated Financial Result For The Quarter And Half Year Ended September 30, 2024 Along With Limited Review Report Of The Auditor.
12 Nov - Approved un-audited financial results for Q2 FY2024.
History[1] Vraj Iron and Steel Limited (formerly Phil Ispat Pvt Ltd) is a subsidiary of Gopal Sponge and Power Private Limited (GSPPL), involved in steel and power. In FY12, GSPPL acquired 74% stake in Phil Ispat, incorporated in 2004, and renamed it Vraj Iron and Steel Limited (VISL) in November 2023.