BSE: 513173 | NSE: | Construction - Real Estate | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Steel Strips Infrastructures Ltd is a below average quality company.
The key valuation ratios of Steel Strips Infrastructures Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Steel Strips Infrastructures Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.8% | 5% | 11.6% | -0.3% | -7.1% | -10.4% | -11.3% | -9.6% | -13.5% | -14.7% | - |
| Value Creation Index ⓘ | -0.7 | -0.7 | -0.2 | -1.0 | -1.5 | -1.7 | -1.8 | -1.7 | -2.0 | -2.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 4.2 | 4 | 6 | 3.5 | 1.9 | 1.9 | 2.3 | 0.9 | 1.1 | 1.1 | 1 |
| Sales YoY Gr. | - | -3.6% | 50.3% | -41.3% | -46.5% | 2.7% | 20.6% | -62% | 24.7% | 0% | - |
| Adj EPS ⓘ | -0.1 | 0.2 | 1.6 | -1 | -2.4 | -2.5 | -2.1 | -1.5 | -1.9 | -1.6 | -1.6 |
| YoY Gr. | - | NA | 742.1% | -161.3% | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 10.4 | 10.9 | 14 | 15.7 | 12.3 | 8 | 5.6 | 6.6 | 5.4 | 2.7 | 1.5 |
| Adj Net Profit ⓘ | -0.1 | 0.2 | 1.4 | -0.9 | -2.1 | -2.2 | -1.8 | -1.3 | -1.7 | -1.4 | -1 |
| Cash Flow from Ops. ⓘ | 2.1 | 3.5 | 1.5 | -3.8 | 3.4 | -1 | 0.5 | -0.5 | 0.8 | 1.1 | - |
| Debt/CF from Ops. ⓘ | 3.4 | 1.3 | 2.6 | -2.2 | 2.1 | -6 | 10.3 | -9.5 | 5.4 | 3.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -13.6% | -10.1% | -22% | 0% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -13.9% | -26.1% | -21.4% | -49.4% | ||||
| Share Price | 23.6% | 37.7% | 113% | 74.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.7 | 1.7 | 12.4 | -6.5 | -17.4 | -25.1 | -30.8 | -25.3 | -32.2 | -39.1 | -73.9 |
| Op. Profit Mgn % ⓘ | 16.3 | 20.2 | 26.2 | -7.8 | -91.1 | -69.4 | -49.3 | -158.3 | -113 | -89.8 | -91.3 |
| Net Profit Mgn % ⓘ | -1.5 | 4.1 | 23.1 | -24.1 | -111.1 | -113.1 | -77 | -149.9 | -150 | -123.2 | -115.9 |
| Debt to Equity ⓘ | 0.8 | 0.5 | 0.3 | 0.6 | 0.7 | 0.9 | 1 | 0.9 | 1 | 1.5 | - |
| Working Cap Days ⓘ | 1,300 | 1,149 | 733 | 1,457 | 2,430 | 1,829 | 1,469 | 4,094 | 3,420 | 3,423 | 1,695 |
| Cash Conv. Cycle ⓘ | 803 | 838 | 526 | 815 | 1,572 | 1,530 | 1,239 | 3,328 | 2,665 | 2,591 | -130 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -22.01%
Debt to equity has increased versus last 3 years average to 1.45
Sales growth is not so good in last 4 quarters at 3.57%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.6 | - |
| TTM Sales (₹ Cr.) | 1.2 | - |
| BVPS (₹.) ⓘ | 1.5 | - |
| Reserves (₹ Cr.) ⓘ | -7 | - |
| P/BV ⓘ | 22.82 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 16.01 / 39.90 |
| All Time Low / High (₹) | 1.00 / 109.70 |
| Market Cap (₹ Cr.) | 30.1 |
| Equity (₹ Cr.) | 8.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 78.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.15 | 4 | 6.01 | 3.53 | 1.89 | 1.94 | 2.34 | 0.89 | 1.11 | 1.11 |
| Operating Expenses ⓘ | 3.48 | 3.19 | 4.43 | 3.80 | 3.61 | 3.29 | 3.49 | 2.30 | 2.36 | 2.11 |
| Manufacturing Costs | 1.31 | 1.42 | 1.47 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0 |
| Material Costs | 0.11 | 0.01 | 0.74 | 0.14 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 0.40 | 0.43 | 0.37 | 0.80 | 0.97 | 1.02 | 1.08 | 0.86 | 0.83 | 0.56 |
| Other Costs ⓘ | 1.65 | 1.33 | 1.84 | 2.82 | 2.61 | 2.23 | 2.39 | 1.42 | 1.51 | 1.55 |
| Operating Profit ⓘ | 0.68 | 0.81 | 1.58 | -0.28 | -1.72 | -1.35 | -1.15 | -1.41 | -1.25 | -1 |
| Operating Profit Margin (%) | 16.3% | 20.2% | 26.2% | -7.8% | -91.1% | -69.4% | -49.3% | -158.0% | -113.0% | -89.8% |
| Other Income ⓘ | 0.95 | 0.63 | 2.02 | 0.72 | 0.68 | 0.05 | 0.14 | 1.82 | 0.19 | 0.04 |
| Interest ⓘ | 1.01 | 0.87 | 0.57 | 1.13 | 0.99 | 0.85 | 0.75 | 0.50 | 0.46 | 0.40 |
| Depreciation ⓘ | 0.15 | 0.15 | 0.12 | 0.12 | 0.08 | 0.05 | 0.04 | 0.02 | 0.02 | 0.01 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -0.07 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.47 | 0.42 | 2.91 | -0.87 | -2.11 | -2.20 | -1.80 | -0.11 | -1.54 | -1.37 |
| Tax ⓘ | 0.05 | 0.01 | 0.21 | 0.02 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0.43 | 0.42 | 2.70 | -0.90 | -2.10 | -2.20 | -1.80 | -0.11 | -1.54 | -1.37 |
| PAT Margin (%) | 10.3% | 10.4% | 44.9% | -25.4% | -111.0% | -113.0% | -77.0% | -12.2% | -139.0% | -122.0% |
| Adjusted EPS (₹) | 0.5 | 0.5 | 3.1 | -1.0 | -2.4 | -2.5 | -2.1 | -0.1 | -1.8 | -1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9.46 | 9.88 | 12.58 | 13.54 | 10.65 | 6.87 | 4.84 | 5.69 | 4.65 | 2.35 |
| Share Capital ⓘ | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 |
| Reserves ⓘ | 0.82 | 1.24 | 3.93 | 4.89 | 2 | -1.77 | -3.80 | -2.96 | -3.99 | -6.29 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 6.44 | 3.84 | 2.97 | 8.30 | 7.34 | 6.04 | 4.84 | 5.15 | 4.42 | 3.41 |
| Long Term Debt | 6.44 | 3.84 | 2.97 | 7.27 | 6.14 | 4.61 | 3.21 | 4.38 | 3.35 | 2.04 |
| Short Term Debt | 0 | 0 | 0 | 1.02 | 1.20 | 1.43 | 1.63 | 0.77 | 1.07 | 1.37 |
| Trade Payables | 0.24 | 0.20 | 0.22 | 0.24 | 0.24 | 0.18 | 0.30 | 0.28 | 0.30 | 0.40 |
| Others Liabilities ⓘ | 2.05 | 2.09 | 3.09 | 1.73 | 2.18 | 1.77 | 3.80 | 5.48 | 7.38 | 9.47 |
| Total Liabilities ⓘ | 18.19 | 16.01 | 18.85 | 23.81 | 20.41 | 14.85 | 13.77 | 16.59 | 16.76 | 15.64 |
Fixed Assets | ||||||||||
| Gross Block | 3.16 | 3.11 | 2.78 | 2.83 | 2.83 | 2.83 | 2.83 | 2.80 | 2.80 | 2.80 |
| Accumulated Depreciation | 2.43 | 2.57 | 2.35 | 2.47 | 2.54 | 2.60 | 2.64 | 2.66 | 2.68 | 2.69 |
| Net Fixed Assetsⓘ | 0.74 | 0.54 | 0.43 | 0.36 | 0.28 | 0.23 | 0.19 | 0.14 | 0.13 | 0.12 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 2.97 | 3.34 | 5.25 | 7.60 | 6.69 | 4.45 | 4.14 | 5.22 | 5.88 | 4.61 |
| Inventories | 9.14 | 9.13 | 8.38 | 8.24 | 8.24 | 8.24 | 8.24 | 8.24 | 8.24 | 8.24 |
| Trade Receivables | 0.39 | 0.52 | 0.41 | 0.28 | 0.30 | 0.20 | 0.11 | 0.15 | 0.24 | 0.31 |
| Cash Equivalents | 0.38 | 1.04 | 0.12 | 0.74 | 3.37 | 0.76 | 0.04 | 0.70 | 0.51 | 0.29 |
| Others Assetsⓘ | 4.58 | 1.44 | 4.27 | 6.59 | 1.52 | 0.97 | 1.06 | 2.14 | 1.76 | 2.08 |
| Total Assets ⓘ | 18.19 | 16.01 | 18.85 | 23.81 | 20.41 | 14.85 | 13.77 | 16.59 | 16.76 | 15.64 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.07 | 3.53 | 1.47 | -3.76 | 3.42 | -1.01 | 0.47 | -0.54 | 0.82 | 1.07 |
| PBT ⓘ | 0.34 | 0.36 | 2.94 | -0.81 | -2.11 | -2.20 | -1.80 | -0.11 | -1.54 | -1.37 |
| Adjustment ⓘ | 1.29 | 1.09 | 0.72 | 1.16 | 1.06 | 0.90 | 0.79 | 0.53 | 0.47 | 0.41 |
| Changes in Working Capital ⓘ | 1.52 | 2.99 | -1.35 | -2.99 | 5.45 | 1.14 | 2.23 | -0.45 | 2.34 | 2.43 |
| Tax Paid ⓘ | -0.07 | -0.03 | -0.27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.12 | 0.05 | -0.05 | -0.05 | -0.04 | 0.10 | 0.01 | 0.03 | 0.03 | 0.01 |
| Capex | 0 | 0.06 | 0.33 | -0.05 | 0 | 0 | 0 | 0.02 | 0 | 0 |
| Net Investments | 0 | 0 | -0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.12 | -0.01 | -0.34 | 0 | -0.04 | 0.10 | 0.01 | 0.01 | 0.02 | 0.01 |
| Cash Flow From Financing Activityⓘ | -1.84 | -2.92 | -2.34 | 4.47 | -0.76 | -1.71 | -1.20 | 1.17 | -1.03 | -1.30 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 2.82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1.15 | 0 | -0.75 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.70 | -2.92 | -4.41 | 4.47 | -0.76 | -1.71 | -1.20 | 1.17 | -1.03 | -1.30 |
| Net Cash Flow ⓘ | 0.11 | 0.66 | -0.93 | 0.66 | 2.63 | -2.61 | -0.72 | 0.66 | -0.19 | -0.22 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.72 | 4.52 | 25 | -6.98 | -17.37 | -25.09 | -30.75 | -2.07 | -29.82 | -38.99 |
| ROCE (%) | 8.87 | 8.57 | 23.19 | 1.37 | -5.63 | -8.74 | -9.31 | 3.86 | -10.89 | -13.04 |
| Asset Turnover Ratio | 0.22 | 0.23 | 0.34 | 0.17 | 0.09 | 0.11 | 0.16 | 0.06 | 0.07 | 0.07 |
| PAT to CFO Conversion(x) | 4.81 | 8.4 | 0.54 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 31 | 42 | 28 | 35 | 56 | 47 | 24 | 53 | 64 | 90 |
| Inventory Days | 808 | 833 | 532 | 860 | 1,591 | 1,548 | 1,286 | 3,383 | 2,713 | 2,703 |
| Payable Days | 697 | 6,903 | 105 | 608 | 0 | 0 | 0 | 0 | 0 | 0 |
Steel Strips Infrastructures Ltd. was incorporated on February 23, 1973 as a private ltd. company in the name of Malwa Steel Tubes (Pvt) Ltd.promoted by R K Garg jointly with Punjab State Industrial Development Corporation (PSIDC). With substantial disinvestment of share by PSIDC in favour of R K Garg and his nominees in July 1981 it became a private sector company. The company was taken over by Steel Strips Ltd. in July 1985 and was converted into a public ltd. company on August 28, 1985 under the name Steel Strips & Tubes Ltd. During 1990-91 the company became a sick unit under the provisions of Sick Industrial Companies (Sp.Provision) Act 1985. Necessary steps were being taken to make reference to BIFR.
Business area of the comopany:
Steel Strips Infrastructures Ltd. formerly known as Steel Strips& Tubes Ltd company has promoted, developed & manages the ultra modern SAB Mall in the heart of Noida. The shopping complex which have been designed by world renowned Hafeez contractor and the matchless elegance of its premium retail space is no small part of the breathtaking beauty of its architechture. The multi storey shopping mall offers luxury retail & has been designed as a superior platform for buyer – seller matchmaking.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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