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 ₹ 787 Cr.
- Current Price ₹ 239
- High / Low ₹ 278 / 225
- Stock P/E 13.7
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 36.6 %
- ROE 33.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.4%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 291 | 414 | 516 | 420 | |
| 263 | 366 | 438 | 343 | |
| Operating Profit | 28 | 48 | 77 | 76 |
| OPM % | 10% | 12% | 15% | 18% |
| 2 | 2 | 5 | 8 | |
| Interest | 6 | 4 | 3 | 2 |
| Depreciation | 7 | 7 | 6 | 6 |
| Profit before tax | 16 | 39 | 72 | 76 |
| Tax % | 31% | 26% | 25% | 24% |
| 11 | 29 | 54 | 57 | |
| EPS in Rs | 22.23 | 58.05 | 109.21 | 23.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 74% |
| TTM: | 6% |
| 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
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 25 |
| Reserves | 52 | 82 | 136 | 176 |
| 47 | 44 | 25 | 63 | |
| 21 | 20 | 26 | 17 | |
| Total Liabilities | 126 | 150 | 191 | 281 |
| 64 | 58 | 53 | 70 | |
| CWIP | 0 | 0 | 0 | 64 |
| Investments | 13 | 15 | 18 | 1 |
| 49 | 77 | 120 | 146 | |
| Total Assets | 126 | 150 | 191 | 281 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 22 | 9 | 63 | 19 | |
| -6 | -1 | -40 | -56 | |
| -16 | -7 | -23 | 36 | |
| Net Cash Flow | 0 | 0 | -0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 9 | 10 | 9 | 10 |
| Inventory Days | 38 | 37 | 30 | 54 |
| Days Payable | 20 | 9 | 13 | 13 |
| Cash Conversion Cycle | 26 | 38 | 26 | 51 |
| Working Capital Days | 28 | 46 | 55 | 49 |
| ROCE % | 36% | 51% | 37% |
Documents
Announcements
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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.
- 1. Approved The Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On 31St March, 2024 And Audited Standalone And Consolidated Financial Statements For The Financial Year Ended On 31St March, 2024 18 Jul
- Board Meeting Outcome for Outcome Of Board Meeting-18-07-2024 18 Jul
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jul - Certificate Under Regulation 74 (5) of SEBI (DP) Regulation 2018, for the Quarter ended June 30, 2024.
- Board Meeting Intimation for Consideration And Approval Of Audited Financial Results (Standalone And Consolidated) For Quarter/Year Ended March 31, 2024 12 Jul
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.