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 ₹ 729 Cr.
- Current Price ₹ 221
- High / Low ₹ 297 / 210
- Stock P/E 15.4
- Book Value ₹ 115
- Dividend Yield 0.00 %
- ROCE 36.5 %
- ROE 33.5 %
- 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 39.2%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 291 | 414 | 516 | 420 | 401 | |
| 263 | 366 | 438 | 343 | 338 | |
| Operating Profit | 28 | 48 | 77 | 77 | 63 |
| OPM % | 10% | 12% | 15% | 18% | 16% |
| 2 | 2 | 5 | 8 | 7 | |
| Interest | 6 | 4 | 3 | 3 | 2 |
| Depreciation | 7 | 7 | 6 | 6 | 6 |
| Profit before tax | 16 | 39 | 72 | 76 | 62 |
| Tax % | 31% | 26% | 25% | 24% | |
| 11 | 29 | 54 | 57 | 47 | |
| EPS in Rs | 22.23 | 58.05 | 109.21 | 23.22 | 18.06 |
| 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: | 73% |
| 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: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 25 | 33 |
| Reserves | 52 | 82 | 136 | 176 | 346 |
| 47 | 44 | 25 | 63 | 7 | |
| 21 | 20 | 26 | 17 | 22 | |
| Total Liabilities | 126 | 150 | 192 | 281 | 407 |
| 64 | 58 | 53 | 48 | 83 | |
| CWIP | 0 | 0 | 0 | 64 | 130 |
| Investments | 13 | 15 | 18 | 23 | 2 |
| 49 | 77 | 120 | 146 | 192 | |
| Total Assets | 126 | 150 | 192 | 281 | 407 |
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
- Closure of Trading Window 11h
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulation 2015, For Commencement Of Commercial Operation Of Sponge Iron Plant Of Our Expansion Project.
23 Dec - Commencement of commercial operation of Sponge Iron Plant.
-
Update
10 Dec - Consent to operate for expansion project of Sponge Iron and Power Plant.
-
Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015
19 Nov - 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.
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.