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Facor Steels Ltd. Stock Analysis

Small Cap
Evaluated by 58 users | BSE: 532657 | NSE: |
Steel & Iron Products
Facor Steels Limited is part of FACOR group owned by the Saraf family. FACOR took over the mini-steel plant located at Nagpur in the year 1978 for manufacture of carbon, alloy, stainless and other special steels as FACOR Steel Division that is now known as Facor Steels ltd.The company is a...

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'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Capital Employed 18.05%11.79%1.81%-2.22%1.71%-2.68%-18.55%-25.68%-30.92%-25.85%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 42147336622027731424865.929.61.5
Y-o-Y Gr. Rt.-12.4%-22.6%-39.8%25.6%13.6%-21%-73.4%-55.1%-94.9%
Adjusted EPS (Rs.) 0.260.13-0.26-0.35-0.17-0.39-1.17-1.34-1.23-0.69
Y-o-Y Gr. Rt.--50%-300%NANANANANANANA
Book Value per Share (Rs.) 1.041.210.950.630.460.04-1.17-2.53-3.16-3.85
Adjusted Net Profit 5.42.8-5.3-7.3-3.5-8-24.2-27.8-25.4-14.3
Net Op. Cash Flow (Rs. Cr.) -1.2-2.91.218.2-0.97.7-10.2-8.22.31.2
Debt to Cash Flow from Ops -27.43-20.5263.783.88-76.618.77-8.24-12.0836.0369.74
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.
Facor Steels Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -46.5%-64.8%-81.8%-94.9%
Adjusted EPS -211.5%NANANA
Book Value per Share -215.7-25300
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Equity (%) 26.4911.53-23.61-44.26-18.75-31.9-140.43515.9697.8736.06
Operating Profit Margin (%) 2.341.051.1-2.623.751.52-5.47-22.07-64.13-423.28
Net Profit Margin (%) 1.280.59-1.44-3.29-1.27-2.56-9.76-42.09-85.64-949.73
Debt to Equity 1.462.354.035.382.92.599.73-5.07-2.53-1.82
Working Capital Days 80931121561281251163195203,920
Cash Conversion Cycle 10142742171518107682,137
Entity Percentage Holding
Promoters 66.18%
Institutions 0.01%
Non-Institutions 33.81%
Pledged *99.9899.9899.9899.9899.9899.9899.9899.9899.9899.98
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

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Facor Steels Limited is part of FACOR group owned by the Saraf family. FACOR took over the mini-steel plant located at Nagpur in the year 1978 for manufacture of carbon, alloy, stainless and other special steels as FACOR Steel Division that is now known as Facor Steels ltd.

The company is a leading carbon, alloy, stainless and special steel manufacturer in central India with varied and broad product range, having the most modern state-of-the-art steel processing and quality assurance

Facor Steels Limited is part of FACOR group owned by the Saraf family. FACOR took over the mini-steel plant located at Nagpur in the year 1978 for manufacture of carbon, alloy, stainless and other special steels as FACOR Steel Division that is now known as Facor Steels ltd.

The company is a leading carbon, alloy, stainless and special steel manufacturer in central India with varied and broad product range, having the most modern state-of-the-art steel processing and quality assurance technologies.

It began its operations with ferro manganese production and slowly diversified into the production of ferro chrome and charge chrome. As a major step towards forward integration, it took over a mini stainless steel plant in 1978 for manufacturing carbon, alloy, special and stainless steels as FACOR (Steel Division). Thereafter, through innovative and sophisticated technological developments, it has been able to develop and manufacture critical grades of alloy and stainless steel to meet stringent requirements of customers both in India and abroad. Erstwhile FACOR (Steel Division) is now known as Facor Steels ltd, an independent company and is now a leading alloy steel producer in the country and has been successful in exporting stainless and special stainless steel products all over the world with a focus on developed countries, apart from catering to critical requirements of automobile, railways, defence, chemical, heavy machinery and engineering sectors in the domestic market.

It has established updated and modernized manufacturing facilities for achieving consistency of product quality to ensure full customer satisfaction both in domestic and international markets. Its products are well accepted all over the globe and always looking for the implementation of new technique whether it is technical or work environment. The Stainless steel and other specialty critical grade products cater to the most stringent requirements of automobiles, railways, defence and engineering sectors in India as well as the global markets in developed countries.Industries being catered by FACOR today are

  • Automobile & auto component industry
  • Boilers
  • Construction
  • Engineering components
  • Fasteners industry
  • Forging
  • Petrochemical
  • Railway Springs
  • Surgical equipment indusry
  • Tool industry
  • Valve industry

It also supplies special steel for critical applications like Aerospace, pressure equipments etc. and had successfully developed over 500 steel grades in its plant over period of time.

To cater the growing demand from auto sector and heavy engineering sector for forged rounds, Facor Steel Limited had set up a modern forging unit at its existing plant and which came into commercial production by 31st Oct, 2008. The company with its enhanced capacity of ingot production and capability to provide higher diameter forged rounds is currently pursuing the global and domestic opportunities in non-auto sectors like sugar mills, cement plants, and heavy machinery units. There is a huge supply-demand gap in this sector and Facor Steel Limited is rightly poised to cater to this segment.

Product range of the company includes:

Stainless Steel, Alloy Steel, Valve Steel, Free Cutting Steel, Semi Free Cutting Steel, Silico Manganese Steel, Carbon Manganese Steel and Carbon Steel etc.

Apart from the rolled bars, it also manufactures bright bars, in peeled, ground and drawn condition for domestic and export markets, in carbon, alloy and stainless steel grades. Profiles such as hexagons; angles; flats; trapezium and squares in stainless steels are also produced.

Awards/ Achievements

  • Facor Steels Ltd. has accreditation of IRQS and awarded ISO/TS 16949:2002 certification in 2008.
  • It first achieved ISO certifiation in 1994 and ISO 9001:2000 in 2004.
  • TUV NORD the international certification agency has recognized it as manufacturer according to AD 2000- Merkblatt w0. Also approved for Quality System according to pressure Equipment Directive 97/23/EC for Stainless steel, Alloy Steel, Ingots, Rolled products and Bright bars as per the annexure.
  • The company has received approvals from various customers like, Ministry of Defence, Government of India, Hindustan Motors Limited, Delphi TVS, L&T-John Deere Limited, Mahindra & Mahindra Limited, Indian Piston Limited, GKN Axles, United Kingdom and many more.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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