Panchmahal Steel Ltd - Stock Valuation and Financial Performance

BSE: 513511 | NSE: PANCHMSTEL | Steel & Iron Products | Small Cap

Panchmahal Steel Share Price

145 -1.00 -0.68%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Panchmahal Steel

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Panchmahal Steel stock performance -

mw4me loader
P/E Ratio (SA):
172.96
Market Cap:
276.7 Cr.
52-wk low:
102.6
52-wk high:
169.9

Is Panchmahal Steel Ltd an attractive stock to invest in?

1. Is Panchmahal Steel Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Panchmahal Steel Ltd is a average quality company.

2. Is Panchmahal Steel Ltd undervalued or overvalued?

The key valuation ratios of Panchmahal Steel Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Panchmahal Steel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Panchmahal Steel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Panchmahal Steel:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Panchmahal Steel Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.8%2.4%-1.3%4.9%4.2%6%-12.8%9.1%35.2%3.6%-
Value Creation
Index
-0.7-0.8-1.1-0.7-0.7-0.6-1.9-0.41.5-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 327391290329396453330339574489459
Sales YoY Gr.-19.5%-25.7%13.5%20.2%14.4%-27.1%2.6%69.2%-14.8%-
Adj EPS 0.4-1.6-5.5-0.1-0.61-173.929.61.30.8
YoY Gr.--551.4%NANANANA-1761.8%NA652.9%-95.5%-
BVPS (₹) 72.470.163.563.763.464.748.153.383.880.680.9
Adj Net
Profit
0.7-3-10.4-0.3-1.12-32.37.556.52.52
Cash Flow from Ops. 9.111.23.45.71414.3729.237.9-30.1-
Debt/CF from Ops. 5.651812.254.810.31.90.8-2.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.6%4.3%13.9%-14.8%
Adj EPS 15.9%NANA-95.5%
BVPS1.2%4.9%18.8%-3.8%
Share Price 0.6% 30.2% 71.3% 12.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.5-2.2-8.2-0.2-0.91.6-307.843.21.61
Op. Profit
Mgn %
4.93.40.45.44.25.11.46.813.33.53.4
Net Profit
Mgn %
0.2-0.8-3.6-0.1-0.30.4-9.82.29.80.50.4
Debt to
Equity
0.40.40.50.60.60.60.80.50.20.5-
Working Cap
Days
19816518816917314318519413016176
Cash Conv.
Cycle
117961278161558073529431

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.92%

Return on Equity has declined versus last 3 years average to 1.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -7.96%

Latest Financials - Panchmahal Steel Ltd.

Standalone Consolidated
TTM EPS (₹) 0.8 -
TTM Sales (₹ Cr.) 459 -
BVPS (₹.) 80.9 -
Reserves (₹ Cr.) 135 -
P/BV 1.79 -
PE 172.96 -
From the Market
52 Week Low / High (₹) 102.60 / 169.90
All Time Low / High (₹) 0.30 / 400.00
Market Cap (₹ Cr.) 277
Equity (₹ Cr.) 19.1
Face Value (₹) 10
Industry PE 25.1

Management X-Ray of Panchmahal Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *5.735.735.705.705.705.705.705.705.705.70
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Panchmahal Steel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales327391290329396453330339574489
Operating Expenses 316380292312379430327316498473
Manufacturing Costs68696367809469658477
Material Costs221282204222273309233229380363
Employee Cost 13141314181715151920
Other Costs 151412910101071414
Operating Profit 1111-21816234237616
Operating Profit Margin (%) 3.3%2.7%-0.6%5.4%4.2%5.0%1.2%6.8%13.3%3.2%
Other Income 1134522441
Interest 91111141314131067
Depreciation 7988888788
Exceptional Items 2200000000
Profit Before Tax -3-6-19004-1510672
Tax -1-2-600117081
Profit After Tax -2-4-13013-3210591
PAT Margin (%) -0.6%-0.9%-4.3%0.1%0.1%0.6%-9.7%2.9%10.2%0.3%
Adjusted EPS (₹)-1.0-1.9-6.60.20.31.3-16.95.130.70.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%13%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 13813412112112112492102160154
Share Capital 19191919191919191919
Reserves 1191151021021021047383141135
Minority Interest0000000000
Debt51566270706972552876
Long Term Debt0009999900
Short Term Debt51566261616164462876
Trade Payables114100721089682821149251
Others Liabilities 2215313-10771814
Total Liabilities 326305258300290265253277299295

Fixed Assets

Gross Block231237238239241112112112118123
Accumulated Depreciation1121211291371452330374552
Net Fixed Assets119116108101969082757371
CWIP 0000000001
Investments 0000000000
Inventories133122105133129132131149166155
Trade Receivables35292443372725334144
Cash Equivalents 57677758107
Others Assets3330141621101013817
Total Assets 326305258300290265253277299295

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 91136141472938-30
PBT -3-6-19004-1510672
Adjustment 14171819192020161116
Changes in Working Capital -213-14-3-1034-39-44
Tax Paid 0-111-30000-4
Cash Flow From Investing Activity -2-411-1030-3-6
Capex -2-4-1-1-3-102-3-7
Net Investments 0000002-200
Others 0012211000
Cash Flow From Financing Activity -7-6-6-6-14-14-10-28-3234
Net Proceeds from Shares 3000000000
Net Proceeds from Borrowing 00090000-90
Interest Paid -9-11-11-13-14-14-13-11-6-7
Dividend Paid -200000000-8
Others 256-10-13-18-1848
Net Cash Flow 02-1100012-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-1.32-2.6-9.880.240.452.09-29.9310.1544.780.88
ROCE (%)3.42.66-3.977.356.969.08-0.9512.4842.064.29
Asset Turnover Ratio1.121.341.121.31.351.631.281.281.991.65
PAT to CFO Conversion(x)N/AN/AN/AINF144.67N/A2.90.64-30
Working Capital Days
Receivable Days32283134372629312432
Inventory Days133110131120120105145151100120
Payable Days7253521101371051281569972

Panchmahal Steel Ltd Stock News

Panchmahal Steel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Panchmahal Steel on 28-Mar-2024 16:01 is ₹145.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Panchmahal Steel stood at ₹276.7.
The latest P/E ratio of Panchmahal Steel as of 28-Mar-2024 16:01 is 173.0.
The latest P/B ratio of Panchmahal Steel as of 28-Mar-2024 16:01 is 1.79.
The 52-week high of Panchmahal Steel is ₹169.9 and the 52-week low is ₹102.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panchmahal Steel is ₹459.0 ( Cr.) .

About Panchmahal Steel Ltd

Panchmahal Steel established in 1972 is engaged in manufacturing of long stainless steel product. Company product range includes austenitic, martensitic, ferritic and precipitation hardening grades in various sizes and finishes in the form of billets, wire rod, hot rolled bars, cold finished bars (bright bars) and wires.

Company’s state-of-the-art production facilities are located at GIDC Industrial Estate, Kalol 389 330, Panchmahals District, Gujarat. It facilities have received ISO 9001:2000 certification.

Panchmahal Steel is member of various organisation namely All India Stainless Steel Industry Association (AISSIA), Indian Institute of Metals (IIM), Engineering & Export Promotion Council  (EEPC), Export Import Club of India (Exim Club), Indian Stainless Steel Association (ISSDA, Indo German Chamber of Commerce (IGCC), International Stainless Steel Forum (ISSF - IISI) and Australian Stainless Steel Development Association  (ASSDA).

Product range of the company includes:

  • Wire rods with size range of 5.5 mm to 26.3 mm
  • Wires with size range of 0.6mm to 15.0
  • Bars with size range of 2mm to 84 mm
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