Gyscoal Alloys Ltd Stock Analysis

BSE: 533275 | NSE: GAL | Steel & Iron Products | Small Cap

BSE Share Price 31-Jan-2023 09:25
3.25 0.09 (2.85%)

DeciZen - Make an Informed Decision on Gyscoal Alloys

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Gyscoal Alloys Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
105 Cr.
52-wk low :
1.9
52-wk high :
4.9
Bole Toh?

1. Is Gyscoal Alloys Ltd a good quality company?

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

2. Is Gyscoal Alloys Ltd undervalued or overvalued?

The key valuation ratios of Gyscoal Alloys Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Gyscoal Alloys Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gyscoal Alloys 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 Gyscoal Alloys:

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.
Gyscoal Alloys 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.3%4.8%4%-4.7%2.4%-6.8%-9.4%-9%-96%-29.1%-
Value Creation Index -0.6-0.7-0.7-1.3-0.8-1.5-1.7-1.6NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28727717615917395.214864.712.62023
YoY Gr. Rt. %--3.6%-36.4%-9.7%8.6%-45%55.4%-56.2%-80.6%59.3%-
Adj EPS 0.10-0-0.9-0.2-0.9-0.9-0.7-3.8-0.7-0.4
YoY Gr. Rt. %--62.5%-200%NANANANANANANA-
BVPS (₹) 4.84.84.94.24321.3-2.6-1.60.6
Adj Net Profit 1.40.6-0.5-16.2-4.4-17.6-16.2-13.7-72.5-13.5-12
Cash Flow from Ops. 8.522.5-7.1-2.93.820.544.1-11.2-21.3-
Debt/CF from Ops. 9.33.3-11.5-31.625.43.718.418.7-8.3-3.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -25.6%-35%-48.6%59.3%
Adj EPS -227.3%NANANA
BVPS -188.7-183.9-194.20
Share Price 5.7% -14.8% 14.9% -16.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.60.6-0.5-18.8-5.7-26.3-33.9-44.6551.933.170.6
Op. Profit Mgn % 5.24.18.81.68.2-2.5-6.2-20-629.2-47.6-48.7
Net Profit Mgn % 0.50.2-0.3-10.2-2.6-18.5-11-21.2-576-67.3-52.2
Debt to Equity 0.90.80.91.21.31.323.2-1.9-2.5-
Working Cap Days 1862093413453887034088583,0641,0080
Cash Conv. Cycle 63771462102364752645572,2205130

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 70.60%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -9.63%

Latest Financials - Gyscoal Alloys Ltd.

Standalone Consolidated
TTM EPS (₹) -0.4 -0.4
TTM Sales (₹ Cr.) 22.9 22.9
BVPS (₹.) 0.6 0.6
Reserves (₹ Cr.) -13 -13
P/BV 5.13 5.19
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.90 / 4.92
All Time Low / High (₹) 0.67 / 13.06
Market Cap (₹ Cr.) 105
Equity (₹ Cr.) 33.2
Face Value (₹) 1
Industry PE 10.5

Management X-Ray of Gyscoal Alloys :

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 Gyscoal Alloys

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Gyscoal Alloys Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gyscoal Alloys on 31-Jan-2023 09:25 is : 3.25.
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 31-Jan-2023 09:25 the market cap of Gyscoal Alloys stood at ₹ 105.0.
The latest PE ratio of Gyscoal Alloys as of 31-Jan-2023 09:25 is 0.00.
The latest PB ratio of Gyscoal Alloys as of 31-Jan-2023 09:25 is 5.13
The 52-week high of Gyscoal Alloys is ₹ 4.92 and the 52-week low is ₹ 1.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Gyscoal Alloys is ₹ 22.91 ( Cr.) .

About Gyscoal Alloys Ltd

Gyscoal Alloys incorporated as Shreenath Mineral Metal Private Limited on September 29, 1999 under the Companies Act, 1956 as a private limited company by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The company name was changed to Gyscoal Alloys Private Limited and a fresh Certificate of Incorporation consequent to the change of name was granted by Registrar of Companies, Gujarat on June 21, 2004. The company subsequently became a public limited Company and the company name changed to Gyscoal Alloys Limited and the fresh Certificate of Incorporation was granted to the company on March 21, 2006 by the Registrar of Companies, Gujarat.

Gyscoal Alloys Limited (GAL), a public limited company, was incorporated in the year 1999 as a private limited company. Initially, the Company started its business with the trading of iron and steel scraps, billets and steel long products. The company also decided to trade in mild steel products namely CTD Bars and TMT Bars. The company took over a steel rolling mill business with a capacity of 6000 MT per annum from Shah Alloys Group at Ubkhal, Mehsana and started manufacturing of rolled products in the year 2005. The rolling mill capacity was increased by another 12000 MT per annum to take the total rolling mill capacity to 18000 MT per annum in financial years (FYs) 2005-06. In the FYs 2006-07, the company further started its steel melting shop with a capacity of 12,000 MT per annum which was further increased to 18,000 MT per annum in the year 2008-09. Looking at the potential higher value addition in case of stainless steel products, the company decided to manufacture stainless steel long products in the FYs 2006-07. At present, the plant has the capacity to manufacture different grades of stainless steel products ranging between 200 series to 400 series.

The company has expanded in various ways keeping its focus on steel. At this stage, the company was able to provide its clientele a broad spectrum of products. In pursuance of its objectives, the company is committed to maintain high standards of quality, efficient delivery schedules, and competitive prices. At present, Company’s products portfolio includes angles, bright bars, black bars, flats, hexagonal and round corner squares (RCS) products which include channels, sections, pata-patti, full line of round corner squares (RCS) and rectangles in standard sizes. The company also manufactures squares and flat in sizes of the specification as per requirement of its customers.

The company’s products adhere to high quality standards and it has got ISO 9001:2008 certification for “the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots’ adhering to IS 2062 & IS 1786 from BSI Management Systems

Milestones:

1999-00

  • Company incorporation

2000-01

  • Equity share capital of Rs 2.20 lakh raised by issuing 22,000 equity shares.

2004-05

  • The company's name was changed from Shreenath Mineral Metal Private Limited to Gyscoal Alloys Private Limited.
  • Purchase of a steel rolling unit from Shah Alloys Group with an installed rolling capacity of 6,000 MTPA
  • Rs 95 lakh raised by way of term loan with UCO Bank.
  • Equity share capital of Rs 123.57 lakh raised by issuing 12,35,688 equity shares.

2005-06

  • The company's status changed from private limited company to public limited company with the name Gyscoal Alloys
  • Rs 625 lakh rose by way of term loan with UCO Bank.
  • Equity share capital of Rs 131.41 lakh raised by issuing 13,14,100 equity shares.
  • The rolling mill capacity was increased by another 12,000 MT per annum to take the total rolling mill capacity to 18,000 MT per annum in the FYs 2005-06.

2006-07

  • Gyscoal Alloys Limited got ISO 9001:2000 certification from BSI Management Systems
  • The company started its steel melting shop with a capacity of 12,000 MT per annum
  • Equity share capital of Rs 40 lakh raised by issuing 4,00,000 equity shares.

2007-08

  • Changes in the main objects of the object clause of the Memorandum of Association of the company
  • The company has initiated direct exports to various far east Asian countries.
  • Equity share capital of Rs 115.00 lakh raised by issuing 11,50,000 equity shares.
  • Rs 20 Lakh raised by the company by issuing 50,000 equity shares at a premium of Rs 30 per share.
  • Bonus issue in the ratio of 6:11 was made by the company by issuing 22,75,520 equity shares.
  • Rs 226.86 lakh raised by the company by issuing 1,41,786 equity shares at a premium of Rs 150 per share.

2008-09

  • The company increased the capacity of its steel melting shop to 18,000 MT per annum.

2009-10

  • The company has developed the Bright Bar Unit and started the operation of the unit during 2009-10.
  • Rescheduling of quarterly installments of the term loan with UCO Bank
  • Gyscoal Alloys got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots’ adhering to IS 2062 & IS 1786 from BSI Management Systems
  • Rs 1000.00 Lakh raised by the company by issuing 15,38,460 equity shares at a premium of Rs 55 per share.

Products:

  • Bars and Rods -The main raw material for manufacturing of steel bars is MS ingots/billets.
  • Structural -The company’s main concentration is stainless steel long products. Broadly, there are three distinct grades of stainless steels that are produced worldwide, comprising the 200 series, the 300 series and the 400 series. The company manufactures rolled steel angles, rolled from S.S. billet/ingot or flats or RCS. Besides these regular sizes of the above mentioned products, any specialized requirement from the client is also fulfilled at this plant.
  • Bright bars - Bright bars are used for mass production of high precision machined components required for automobiles, auto ancillaries, railways and other miscellaneous industry. Cold processing imparts the bar close tolerances. Due to this there is a considerable demand for bright bars in automobile industry. The company supplies bright bars in straight/HL, polishing/pealing/drawing/centre-less conditions with diameter or sizes ranging from 16 MM to 80 MM and maximum length of 6 meters.

Group Companies:

  • Gyscoal Enterprise - Gyscoal Enterprise incorporated on July 27, 1999 as a private limited company. At present, the company is engaged in the business of trading of scrap of iron & steel.
  • Torque Automotive - Torque Automotive incorporated on April 23, 2007 as a private limited company. At present, the Company is engaged in the business of dealership & service center of automobile vehicles.
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