ISMT Ltd

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

ISMT Ltd

₹ 120 -5.59%
05 Aug 2024
ismt.com
About

Incorporated in 1977, ISMT Ltd. is mainly engaged in manufacturing seamless tubes and engineering steels. [1]

Key Points

Product Offerings FY23
Steel (22%): The Co. produces carbon, alloy and martensitic stainless steel bars with a special emphasis on ultra-clean steels, free machining steels, bearing steels, and on other specially engineered steel grades. [1]
Tube (78%): It produces both Hot-finished as well as Cold-finished seamless tubes ranging in diameter from 6mm to 273mm used in a variety of applications such as the manufacture of auto-components, bearing races, OCTG products, drill rods, boilers, heat exchangers, etc. [2]

Website
  • Market Cap ₹ 3,612 Cr.
  • Current Price ₹ 120
  • High / Low ₹ 158 / 80.6
  • Stock P/E 23.4
  • Book Value ₹ 54.5
  • Dividend Yield 0.42 %
  • ROCE 17.9 %
  • ROE 11.2 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 23.2% CAGR over last 5 years

Cons

  • Company has a low return on equity of 6.49% over last 3 years.

* 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 - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
477 564 534 577 617 709 592 644 653 748 639 593 579
451 543 515 584 579 646 530 585 570 625 551 511 516
Operating Profit 26 22 19 -6 38 63 62 59 83 123 88 82 62
OPM % 6% 4% 4% -1% 6% 9% 11% 9% 13% 16% 14% 14% 11%
2 6 1 2,503 3 3 4 4 3 -32 6 -19 3
Interest 68 66 70 -190 5 9 5 3 3 3 2 3 3
Depreciation 15 15 15 15 13 13 13 16 12 22 23 29 19
Profit before tax -54 -53 -64 2,671 22 44 48 43 70 66 69 31 43
Tax % -0% 0% 0% 5% -6% 26% 29% 85% 37% 50% 36% 31% 32%
-54 -53 -64 2,528 23 33 34 6 44 33 44 21 29
EPS in Rs -3.69 -3.60 -4.39 84.14 0.77 1.09 1.14 0.21 1.46 1.10 1.47 0.70 0.97
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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
1,592 1,561 1,504 992 1,162 1,490 1,825 1,304 1,235 2,153 2,561 2,632 2,558
1,433 1,474 1,470 980 1,119 1,414 1,712 1,225 1,253 2,092 2,340 2,256 2,203
Operating Profit 159 87 35 12 43 76 113 79 -18 60 221 376 355
OPM % 10% 6% 2% 1% 4% 5% 6% 6% -1% 3% 9% 14% 14%
-51 -6 54 -33 10 17 -11 16 -9 2,512 13 -43 -42
Interest 153 184 235 280 269 275 276 274 262 13 21 11 11
Depreciation 96 102 74 72 63 59 54 63 61 60 55 86 93
Profit before tax -141 -205 -221 -373 -280 -241 -229 -242 -351 2,500 157 236 209
Tax % -29% -17% 0% 3% 0% -0% 0% -1% 0% 6% 39% 40%
-100 -170 -221 -382 -280 -240 -229 -240 -351 2,357 97 142 127
EPS in Rs -6.81 -11.62 -15.08 -26.09 -19.09 -16.38 -15.62 -16.41 -23.94 78.45 3.21 4.73 4.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 29%
TTM: -2%
Compounded Profit Growth
10 Years: 12%
5 Years: 23%
3 Years: 38%
TTM: 30%
Stock Price CAGR
10 Years: 23%
5 Years: 94%
3 Years: 33%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: %
3 Years: 6%
Last Year: 11%

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
Equity Capital 73 73 73 73 73 73 73 73 73 150 150 150
Reserves 417 231 205 -137 -423 -663 -892 -1,135 -1,486 1,266 1,365 1,488
1,285 1,512 1,651 2,065 2,182 2,192 2,185 2,129 2,091 205 82 164
1,040 929 771 478 613 841 1,105 1,364 1,661 352 376 379
Total Liabilities 2,814 2,745 2,701 2,479 2,445 2,444 2,470 2,431 2,339 1,974 1,973 2,181
1,356 1,315 1,570 1,519 1,207 1,165 1,360 1,342 1,283 1,080 982 986
CWIP 32 25 8 5 17 2 3 6 12 4 19 261
Investments 53 53 53 53 191 193 200 200 142 64 57 0
1,374 1,352 1,071 902 1,030 1,084 908 883 902 826 915 934
Total Assets 2,814 2,745 2,701 2,479 2,445 2,444 2,470 2,431 2,339 1,974 1,973 2,181

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
131 79 68 -275 -92 32 42 118 36 100 94 158
-59 -45 1 1 -8 -0 -6 -24 9 -1 34 -237
-102 3 -65 234 -27 -15 -40 -97 -43 -81 -151 60
Net Cash Flow -29 38 5 -40 -128 17 -3 -2 2 17 -22 -19

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 92 87 43 69 61 55 59 67 84 51 47 43
Inventory Days 246 231 185 228 220 155 127 208 180 125 125 148
Days Payable 311 289 216 150 88 47 37 58 67 63 55 32
Cash Conversion Cycle 26 29 12 147 193 163 149 216 198 114 116 159
Working Capital Days -8 -50 -59 -51 -68 -165 -248 -457 -282 77 76 78
ROCE % 5% 0% -1% -2% -1% 2% 4% 2% -3% 2% 11% 18%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
48.61% 48.61% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95%
1.04% 0.36% 0.19% 0.18% 0.08% 0.00% 0.03% 0.02% 0.10% 0.07% 0.09% 0.19%
0.04% 0.04% 0.02% 0.01% 0.02% 0.02% 0.11% 0.28% 0.31% 0.31% 0.31% 0.31%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
50.31% 50.99% 24.84% 24.86% 24.96% 25.03% 24.90% 24.76% 24.64% 24.67% 24.66% 24.56%
No. of Shareholders 70,57073,73073,25572,70572,87374,38681,73879,43380,30183,64986,35988,369

* 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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