Inducto Steel Ltd - Stock Valuation and Financial Performance

BSE: 532001 | NSE: | Miscellaneous | Small Cap

Inducto Steel Share Price

66.95 1.28 1.95%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on Inducto Steel

M-Cap below 100cr DeciZen not available

Inducto Steel stock performance -

mw4me loader
P/E Ratio (SA):
41.68
Market Cap:
26.4 Cr.
52-wk low:
25.6
52-wk high:
80.7

Is Inducto Steel Ltd an attractive stock to invest in?

1. Is Inducto Steel Ltd a good quality company?

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

2. Is Inducto Steel Ltd undervalued or overvalued?

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

3. Is Inducto Steel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Inducto 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 Inducto 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.
Inducto Steel Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.6%12.1%19.2%4.1%1.3%2.5%0.6%-1.8%6.2%2%-
Value Creation
Index
-0.1-0.10.4-0.7-0.9-0.8-1.0-1.1-0.6-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3572091562320.875.845.42.657.59098
Sales YoY Gr.--41.5%-25.2%-85.3%-9.9%265.3%-40.1%-94.4%2,144.5%56.7%-
Adj EPS 21.810.85.91.50.81.10.5-2.36.61.21.6
YoY Gr.--50.3%-45.4%-75%-49.3%41.3%-50%-528.3%NA-82.2%-
BVPS (₹) 87.695.798.3101.4102103.1103.5100.1105.7107.2108
Adj Net
Profit
8.84.42.40.60.30.40.2-0.92.60.51
Cash Flow from Ops. -28.474-15.2-52.331.8-2.441.7-1.3-6.5-
Debt/CF from Ops. -30000002.7-3.9-2.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -14.2%34.1%25.6%56.7%
Adj EPS -27.7%9.3%30.2%-82.2%
BVPS2.3%1%1.2%1.4%
Share Price 6.8% 38% 63.4% 142.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.811.661.50.710.5-2.26.41.11.5
Op. Profit
Mgn %
-0.4-1.71.8-8.5-4.32.1-2.5-13.861.93.3
Net Profit
Mgn %
2.52.11.52.61.50.60.5-35.64.60.50.7
Debt to
Equity
2.30000000.10.10.4-
Working Cap
Days
1833593741,5535586310456014511770
Cash Conv.
Cycle
-26-34-2-147113301323229

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.61%

Net Profit is growing at healthy rate in last 3 years 30.21%

Sales growth is good in last 4 quarters at 147.84%

Return on Equity has declined versus last 3 years average to 1.50%

Latest Financials - Inducto Steel Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 1.6
TTM Sales (₹ Cr.) 98 98
BVPS (₹.) 108 108
Reserves (₹ Cr.) 39 39
P/BV 0.61 0.61
PE 41.68 41.61
From the Market
52 Week Low / High (₹) 25.60 / 80.70
All Time Low / High (₹) 1.55 / 80.70
Market Cap (₹ Cr.) 26.4
Equity (₹ Cr.) 4
Face Value (₹) 10
Industry PE 11.9

Management X-Ray of Inducto Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *43.2843.2843.2843.2843.2843.2843.2843.2843.2843.28
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Inducto 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
Sales357.36209.19156.4923.0320.7675.8345.422.5657.4690.01
Operating Expenses 365.44214.32155.5224.9921.7374.2646.753.6454.6188.41
Manufacturing Costs1.791.680.380.570.490.630.710.080.690.49
Material Costs351.76206.66152.4323.2919.9568.1044.232.2450.3985.91
Employee Cost 1.010.920.430.560.730.961.130.221.220.82
Other Costs 10.885.062.280.570.564.570.681.092.311.19
Operating Profit -8.07-5.130.97-1.97-0.971.57-1.33-1.082.851.60
Operating Profit Margin (%) -2.3%-2.5%0.6%-8.5%-4.7%2.1%-2.9%-42.0%5.0%1.8%
Other Income 19.7317.628.254.481.820.201.820.160.230.56
Interest 5.427.557.511.520.300.850.080.220.310.87
Depreciation 0.100.160.140.140.150.150.180.240.200.28
Exceptional Items 0000000000
Profit Before Tax 6.144.791.560.850.390.760.24-1.382.561.01
Tax 2.091.540.520.260.150.340.0600.310.43
Profit After Tax 4.053.241.040.590.240.430.17-1.392.260.58
PAT Margin (%) 1.1%1.6%0.7%2.6%1.2%0.6%0.4%-54.2%3.9%0.6%
Adjusted EPS (₹)10.18.12.61.50.61.10.4-3.55.61.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 35.9539.1940.2440.7340.9741.4041.5940.2042.4743.05
Share Capital 4.764.764.764.024.024.024.024.024.024.02
Reserves 31.1934.4335.4836.7136.9537.3837.5736.1838.4539.03
Minority Interest0000000000
Debt83.940.110.0100004.55515.68
Long Term Debt0.240.0200000000
Short Term Debt83.700.090.0100004.55515.68
Trade Payables114.31189.51132.1421.29010.800033.800
Others Liabilities 12.858.8839.263.770.440.740.270.201.270.70
Total Liabilities 247.05237.69211.6565.8041.4152.9441.8644.9582.5459.42

Fixed Assets

Gross Block1.631.931.951.231.241.483.163.174.204.41
Accumulated Depreciation0.470.630.770.140.290.440.620.861.451.72
Net Fixed Assets1.161.301.181.080.951.032.542.312.762.68
CWIP 00000.1300000
Investments 1.8567.4152.482.7434.2731.2033.5639.0121.9834.76
Inventories4.9815.27020.480.5314.700.160.1120.608.80
Trade Receivables46.03112.87117.590.950.101.581.750.1014.772.38
Cash Equivalents 0.600.740.520.490.240.310.210.1815.616.26
Others Assets192.4340.1039.8840.065.194.133.643.246.824.53
Total Assets 247.05237.69211.6565.8041.4152.9441.8644.9582.5459.42

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -28.4274.02-15.17-52.2531.75-2.384.021.71-1.28-6.49
PBT 6.144.791.560.850.390.770.26-1.382.561.01
Adjustment 5.527.550.23-2.650.434.770.241.080.410.91
Changes in Working Capital -38.0563.23-16.43-50.2231.09-7.553.542.02-3.93-7.87
Tax Paid -2.03-1.55-0.53-0.24-0.17-0.36-0.020-0.33-0.55
Cash Flow From Investing Activity -2.19-65.6922.5653.76-31.693.30-4.04-6.0716.57-12.65
Capex -0.34-0.30-0.02-0.05-0.14-0.11-1.68-0.01-0.62-0.20
Net Investments -1.85-65.5614.9349.74-31.533.24-2.36-5.4517-12.78
Others 00.167.654.06-0.010.160.01-0.610.200.33
Cash Flow From Financing Activity 30.71-8.18-7.60-1.53-0.30-0.85-0.084.28-4.8114.80
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.24-0.11-0.020000000
Interest Paid -5.42-7.55-7.51-1.52-0.30-0.85-0.08-0.22-0.31-0.87
Dividend Paid 0000000000
Others 35.89-0.53-0.07-0.010004.50-4.5015.68
Net Cash Flow 0.100.14-0.21-0.03-0.250.07-0.10-0.0810.48-4.35
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.198.82.681.480.591.040.42-3.45.471.35
ROCE (%)11.5815.4922.785.851.713.930.76-2.696.233.55
Asset Turnover Ratio1.970.860.710.190.411.610.960.070.91.27
PAT to CFO Conversion(x)-7.0222.85-14.59-88.56132.29-5.5323.65N/A-0.57-11.19
Working Capital Days
Receivable Days4313826584194131154735
Inventory Days81802911743759166660
Payable Days781952861,203195294501220

Inducto Steel Ltd Stock News

Inducto Steel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Inducto Steel on 25-Apr-2024 16:01 is ₹66.95.
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 25-Apr-2024 16:01 the market cap of Inducto Steel stood at ₹26.38.
The latest P/E ratio of Inducto Steel as of 25-Apr-2024 16:01 is 41.68.
The latest P/B ratio of Inducto Steel as of 25-Apr-2024 16:01 is 0.61.
The 52-week high of Inducto Steel is ₹80.70 and the 52-week low is ₹25.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Inducto Steel is ₹98.03 ( Cr.) .

About Inducto Steel Ltd

Inducto Steel was incorporated as Private Limited on November 29, 1988 in the State of Gujarat under the Companies Act, 1956 and subsequently converted into Public Limited Company by passing a Special Resolution on 12.12.1994. The company has obtained fresh certificate of change of name under the Companies Act, 1956 dated 10.02.1995 from Registrar of Companies, Gujarat, Ahmedabad.

In 1989, the company took up project to manufacture steel castings and ingots and started commercial production in November, 1989. The company made cash profit of Rs. 18.03 lakh in first year of operation i.e. 1989-90 and thereafter making profits consistently. The company has become partner in Hariyana Impex, engaged in merchant exports, from 1st April, 1995 for a share of 15%.

Business areas of the company: The company was incorporated for manufacturing of Steel Castings and Ingots.

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