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AML Steels Ltd Stock Analysis

Small Cap
Evaluated by 19 users | BSE: 0 | NSE: AMLSTEEL |
Steel & Iron Products
AML Steel is the flagship company of the AML group, which was established during 1993 to set up a plant to manufacture video and audiocassettes, which was considered to be one of the largest plants for such products in the whole of South India. Later, it was decided to diversity into steel...

Analysis of Financial Track Record

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.
Value Creation
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14
Return on Capital Employed 6.24%2.96%2.34%3.02%3.22%3.28%2.73%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 60.891104106107112126
Y-o-Y Gr. Rt.-49.7%13.9%1.9%1.8%4.6%12.5%
Adjusted EPS (Rs.) 2.920.940.320.170.040.080.07
Y-o-Y Gr. Rt.--67.8%-66%-46.9%-76.5%100%-12.5%
Book Value per Share (Rs.) 51.3351.7352.0752.2552.3752.4552.52
Adjusted Net Profit 2.20.70.20.100.10.1
Net Op. Cash Flow (Rs. Cr.) 15.14.5-24.34.42.72.411.4
Debt to Cash Flow from Ops 2.077.8-2.7715.7325.634.378.6
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
AML Steels Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NA6.8%6.2%12.5%
Adjusted EPS NA-40.5%-25.6%-12.5%
Book Value per Share 00.30.20.1
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14
Return on Equity (%) 3.741.20.410.210.050.10.1
Operating Profit Margin (%) 14.45.14.365.986.346.244.71
Net Profit Margin (%) 3.610.780.230.120.030.050.04
Debt to Equity 0.810.91.731.751.752.062.48
Working Capital Days 0202195226232216180
Cash Conversion Cycle 058114155145137127
Entity Percentage Holding
Promoters 74.61%
Non-Institutions 25.39%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

AML Steel is the flagship company of the AML group, which was established during 1993 to set up a plant to manufacture video and audiocassettes, which was considered to be one of the largest plants for such products in the whole of South India. Later, it was decided to diversity into steel making and therefore it was conceptualized to set up a steel plant in Pondicherry near Chennai. 

As an offshoot of the plan, first ever project to manufacture steel

AML Steel is the flagship company of the AML group, which was established during 1993 to set up a plant to manufacture video and audiocassettes, which was considered to be one of the largest plants for such products in the whole of South India. Later, it was decided to diversity into steel making and therefore it was conceptualized to set up a steel plant in Pondicherry near Chennai. 

As an offshoot of the plan, first ever project to manufacture steel ingots out of scrap iron was commissioned near Pondicherry where abundant and uninterrupted power supply is available. Rest is a success story where AML Steel made it's presence in the steel sector.

In order to enrich presence in the steel sector, AML Steel, during the year 2003 made some overseas acquisitions by name Ashok Steel Industries Sri Lanka. Around the same time another acquisition too was made near Pondicherry under the name of Ankit Ispat, All the above companies have been fully turned around and started generating good cash returns.

In order to further enhance it's knowledge and presence in steel sector AML Steel, has set up a company called AML Steel & Power, by which as per the MOU signed with State of Jharkhand, Ministry of Mines, Government of India has allocated 384 acres of Iron ore mines with the deposit of about 40 million metric tonnes on a 20 year lease vide their letter dated 16th August 2005 and negotiations are on for further allotment of mines upto 150 million metric tonnes to meet our additional requirements. Having acquired land near Jamshedpur project construction is underway for commissioning by middle of 2006.

Products of the company

Mild Steel Ingots, which is intermediate product for steel re-rolling mills. Such Mild Steel Ingots are 3” x 4” area at the cross section and 55 inch in length. Re-rolling mills produce various long products such as angles, channels, bars, rails, etc. which has applications in infrastructure development, housing sector etc.

Reinforcement Bars are produced in rolling mills with varying dia of 8 mm to 25 mm and a standard length of about 20 feet. All such products are used in infrastructure development and housing sector.

Angles, Channels and flats of various sizes which are all used in civil and engineering construction for housing as well as infrastructure sector

Subsidiary and Group companies

  • Ankit Ispat
  • Ashok Steel Industries (Srilanka)
  • AML Steel & Power
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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