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 ₹ 717 Cr.
- Current Price ₹ 217
- High / Low ₹ 278 / 210
- Stock P/E 13.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 36.7 %
- ROE 33.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.1%
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 - Sponge Iron
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 | |
|---|---|---|---|---|
| 284 | 402 | 509 | 420 | |
| 256 | 354 | 432 | 343 | |
| Operating Profit | 28 | 48 | 77 | 76 |
| OPM % | 10% | 12% | 15% | 18% |
| 0 | 0 | 2 | 4 | |
| Interest | 6 | 4 | 3 | 2 |
| Depreciation | 7 | 7 | 6 | 6 |
| Profit before tax | 15 | 37 | 69 | 73 |
| Tax % | 33% | 26% | 26% | 25% |
| 10 | 28 | 51 | 54 | |
| EPS in Rs | 19.68 | 55.62 | 103.81 | 21.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | -18% |
| 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: | 34% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 25 |
| Reserves | 51 | 78 | 130 | 164 |
| 46 | 43 | 23 | 63 | |
| 22 | 20 | 26 | 17 | |
| Total Liabilities | 123 | 146 | 183 | 269 |
| 62 | 56 | 52 | 48 | |
| CWIP | 0 | 0 | 0 | 64 |
| Investments | 11 | 11 | 11 | 11 |
| 50 | 78 | 121 | 146 | |
| Total Assets | 123 | 146 | 183 | 269 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 24 | 7 | 23 | 19 | |
| -6 | -1 | -6 | -56 | |
| -16 | -6 | -12 | 36 | |
| Net Cash Flow | 2 | 1 | 5 | -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 | 31 | 54 |
| Days Payable | 21 | 10 | 13 | 13 |
| Cash Conversion Cycle | 27 | 40 | 27 | 51 |
| Working Capital Days | 28 | 47 | 56 | 49 |
| ROCE % | 37% | 51% | 37% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Aug - Copies of Newspaper Advertisement of Un-Audited Financial Result for the quarter ended on 30th June 2024.
- Board Meeting Outcome for Outcome Of Board Meeting 10-08-2024 10 Aug
- Un Audited Standalone And Consolidated Financial Result For The Quarter Ended On 30Th June 2024 10 Aug
- Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results (Standalone And Consolidated) For Quarter Ended June 30, 2024 3 Aug
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Jul - Newspaper publication of Financial Result for the Quarter and Year ended March 31, 2024.
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.