Eastcoast Steel Ltd - Stock Valuation and Financial Performance

BSE: 520081 | NSE: ESTCSTSTEL | Steel & Iron Products | Small Cap

Eastcoast Steel Share Price

21.70 1.02 4.93%
as on 11-Oct'24 13:45

DeciZen - make an informed investing decision on Eastcoast Steel

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Eastcoast Steel stock performance -

mw4me loader
P/E Ratio (SA):
21.88
Market Cap:
11.2 Cr.
52-wk low:
17.7
52-wk high:
35.1

Is Eastcoast Steel Ltd an attractive stock to invest in?

1. Is Eastcoast Steel Ltd a good quality company?

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

2. Is Eastcoast Steel Ltd undervalued or overvalued?

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

3. Is Eastcoast Steel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Eastcoast 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 Eastcoast 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.
Eastcoast 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 % -10.2%-3.4%-18.3%0%0%-3,242.6%0%418.4%1.5%4.7%-
Value Creation
Index
-1.7-1.3-2.3NANANANA28.9-0.9-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000000042.210.9530
Sales YoY Gr.-NANANANANANANA-74.1%-54.6%-
Adj EPS -0.7-0.3-1.4-7.3-3.4-4.4-3.865.3-1.6-0.31
YoY Gr.-NANANANANANANA-102.5%NA-
BVPS (₹) 4.13.82.3-17-20.9-26.4-30.135.134.53636.3
Adj Net
Profit
-0.4-0.2-0.8-3.9-1.8-2.4-235.2-0.9-0.21
Cash Flow from Ops. -0.80.4-0.9-0.4-10.8-0.80.5-7.6-10.75.1-
Debt/CF from Ops. -3.16.4-2.7-5.1-1.1-16.932-0.3-0.20.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA-54.6%
Adj EPS NANANANA
BVPS27.5%NANA4.3%
Share Price -9.3% -21.6% -29.8% -24.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-40.5-7.6-46.899.617.818.613.42610.4-4.6-0.82.6
Op. Profit
Mgn %
000000097.4-5.3-10.4-3.3
Net Profit
Mgn %
000000083.4-8-31.7
Debt to
Equity
1.21.32-0.2-1.1-1-0.90.10.10.1-
Working Cap
Days
00000001145439267
Cash Conv.
Cycle
0000000-695302222

Recent Performance Summary

Sales growth is good in last 4 quarters at 86.77%

Return on Equity has declined versus last 3 years average to 2.60%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Eastcoast Steel Ltd.

Standalone Consolidated
TTM EPS (₹) 1 -
TTM Sales (₹ Cr.) 29.9 -
BVPS (₹.) 36.3 -
Reserves (₹ Cr.) 14 -
P/BV 0.57 -
PE 21.88 -
From the Market
52 Week Low / High (₹) 17.74 / 35.14
All Time Low / High (₹) 0.50 / 170.00
Market Cap (₹ Cr.) 11.2
Equity (₹ Cr.) 5.4
Face Value (₹) 10
Industry PE 32.7

Management X-Ray of Eastcoast Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Eastcoast 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
Sales000000042.2010.924.96
Operating Expenses 0.520.561.060.771.030.640.801.1011.505.47
Manufacturing Costs0.010.020.030.030.040.040.050.030.020.02
Material Costs0000000010.334.57
Employee Cost 0.230.190.360.330.390.340.330.470.280.35
Other Costs 0.280.360.660.420.600.260.420.600.870.53
Operating Profit -0.52-0.56-1.06-0.77-1.03-0.64-0.8041.11-0.58-0.51
Operating Profit Margin (%) -------97.4%-5.3%-10.4%
Other Income 0.210.440.320.280.110.030.020.300.911.53
Interest 0000.250.761.481.220.8700.01
Depreciation 0.030.040.030.030.030.030.030.020.010.01
Exceptional Items 000-10.54-0.35-0.870000
Profit Before Tax -0.35-0.16-0.77-11.31-2.06-2.98-2.0440.510.331
Tax 00000005.280.650.21
Profit After Tax -0.35-0.16-0.77-11.32-2.06-2.98-2.0435.23-0.320.79
PAT Margin (%) -------83.5%-2.9%15.9%
Adjusted EPS (₹)-0.7-0.3-1.4-21.0-3.8-5.5-3.865.3-0.61.5
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 2.182.021.26-9.17-11.27-14.25-16.2618.9618.6319.42
Share Capital 5.405.405.405.405.405.405.405.405.405.40
Reserves -3.21-3.37-4.14-14.57-16.67-19.64-21.6613.5613.2314.02
Minority Interest0000000000
Debt2.552.552.551.9411.8413.7714.532.552.552.55
Long Term Debt2.552.552.551.938.979.3711.59000
Short Term Debt0000.012.874.412.942.552.552.55
Trade Payables00000.02000.010.010.01
Others Liabilities 0.190.180.2510.350.791.783.011.580.630.38
Total Liabilities 4.934.764.063.121.381.311.2823.1021.8122.36

Fixed Assets

Gross Block2.102.102.142.142.142.142.140.460.400.40
Accumulated Depreciation0.870.910.940.9711.031.060.430.380.39
Net Fixed Assets1.231.191.211.171.141.111.080.030.020.01
CWIP 0000000000
Investments 0.180.950.200.010.010.01023.0211.0816.58
Inventories0000000000
Trade Receivables000000005.682.55
Cash Equivalents 0.040.070.030.030.040.020.020.062.042.52
Others Assets3.492.552.631.910.190.170.1702.990.71
Total Assets 4.934.764.063.121.381.311.2823.1021.8122.36

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.810.40-0.93-0.38-10.81-0.820.45-7.63-10.735.14
PBT -0.35-0.16-0.77-11.32-2.06-2.98-2.0440.510.331
Adjustment -0.16-0.39-0.280.030.651.181.27-41.53-0.75-0.81
Changes in Working Capital -0.290.970.1510.86-9.420.981.23-2.78-8.475.18
Tax Paid -0.02-0.02-0.030.050.0200-3.83-1.84-0.23
Cash Flow From Investing Activity 0.10-0.370.890.381.270.010.0220.5112.72-4.66
Capex -2.570-0.04000043.2300
Net Investments 2.40-0.770.750.19000.01-2312.53-5.25
Others 0.270.400.180.191.270.010.010.270.180.58
Cash Flow From Financing Activity 0.70000.019.550.79-0.47-12.8400
Net Proceeds from Shares 3000000000
Net Proceeds from Borrowing 0000.256.750.392.23-11.5900
Interest Paid 000-0.25-0.06-1.14-1.22-0.8700
Dividend Paid 0000000000
Others -2.30000.012.861.54-1.47-0.3800
Net Cash Flow -0.020.03-0.0400.01-0.0200.031.980.48
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-40.41-7.63-46.78N/AN/AN/AN/A2611.51-1.714.15
ROCE (%)-10.22-3.44-18.27N/AN/AN/AN/A418.421.544.66
Asset Turnover Ratio00000003.460.490.22
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-0.22N/A6.51
Working Capital Days
Receivable Days00000000190303
Inventory Days0000000000
Payable Days0000000000

Eastcoast Steel Ltd Stock News

Eastcoast Steel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Eastcoast Steel on 11-Oct-2024 13:45 is ₹21.70.
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 11-Oct-2024 13:45 the market cap of Eastcoast Steel stood at ₹11.16.
The latest P/E ratio of Eastcoast Steel as of 11-Oct-2024 13:45 is 21.88.
The latest P/B ratio of Eastcoast Steel as of 11-Oct-2024 13:45 is 0.57.
The 52-week high of Eastcoast Steel is ₹35.14 and the 52-week low is ₹17.74.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eastcoast Steel is ₹29.86 ( Cr.) .

About Eastcoast Steel Ltd

Eastcoast Steel is engaged in the manufacture of steel, primarily mild steel billets.

The registered office is located at Cuddalore Road, Pillayarkuppam Post, Bahour Commune, Pondicherry - 607402.

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