SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Visa Steel sees Rs18-20 billion revenue in FY11

20 May 2010 Evaluate

Visa steel has already raised Rs400 crore, which it intends to invest during FY11 at a debt/equity ratio of 65:25. It is planning to set up a sinter and a pellet plant with a capacity of 1 million tonne during the current financial year.

The company has already acquired 350 acres of land for its proposed 1 million tonne steel unit in Chhattisgarh and plans to start the work by December 2010. It is nearing completion of its special steel plant a Kalinganangar in Orissa and is also close to financial closure of its joint venture with Baosteel

The company reported a Jan-Mar net profit of Rs165.1 million compared to a loss of Rs1.1 billion in the corresponding period last year. Its revenue during Q4FY10 increased by 37.5% to Rs399 crore from Rs290 crore during the corresponding quarter last year.

On yearly basis, the company registered a revenue growth of 12.59% to Rs 1,171.48 crore. EBIDTA grew by 635.15% to Rs 197.63 crore while net profit during FY10 stood at Rs 47.42 crore compared to a loss of Rs 66.81 crore during FY09.

Given the raw material prices remaining under control, the company is hopeful of maintaining its operating margins at 17% during FY11 and revenues to touch Rs18-20 billion. crackcrack

Visa Steel Share Price

32.31 -0.62 (-1.88%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 206.55
JSW Steel 1204.00
SAIL 167.90
Jindal Stainless 765.15
APL Apollo Tubes 1978.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×