India Steel Works Ltd - Stock Valuation and Financial Performance

BSE: 513361 | NSE: ISIBARS | Steel & Iron Products | Small Cap

India Steel Works Ltd Share Price

3.61 -0.07 -1.90%
as on 23-Feb'24 13:18

DeciZen - make an informed investing decision on India Steel Works

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

1. Quality

2. Valuation


3. Price Trend

India Steel Works stock performance -

mw4me loader
P/E Ratio (SA):
Market Cap:
146.5 Cr.
52-wk low:
52-wk high:

Is India Steel Works Ltd an attractive stock to invest in?

1. Is India Steel Works Ltd a good quality company?

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

2. Is India Steel Works Ltd undervalued or overvalued?

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

3. Is India Steel Works Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of India Steel Works 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 India Steel Works:

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.
India Steel Works 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

ROCE % -4.2%3%3.2%3.9%7%2.3%-3.5%-6.4%-21.7%-31.5%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6135135841,08694953214014423.84.72
Sales YoY Gr.--16.4%13.8%86%-12.6%-44%-73.8%3.1%-83.5%-80.2%-
Adj EPS -0.500.1-0.10.2-0.1-0.4-0.6-1.3-1.2-0.7
YoY Gr.-NANA-171.4%NA-140%NANANANA-
BVPS (₹)
Adj Net
Cash Flow from Ops. -28.8233719.322.1-3.7-42.4-40-3.9-1-
Debt/CF from Ops. -


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -41.8%-65.4%-67.7%-80.2%
Adj EPS NA-243.3%NANA
Share Price 1.4% 24.4% 67.4% 113.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -67.68%

Debt to equity has increased versus last 3 years average to 1.46

Sales growth is not so good in last 4 quarters at -80.09%

Latest Financials - India Steel Works Ltd.

Standalone Consolidated
TTM EPS (₹) -0.7 -0.7
TTM Sales (₹ Cr.) 2.1 2.7
BVPS (₹.) 0.8 0.9
Reserves (₹ Cr.) -9 -3
P/BV 4.76 3.96
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.35 / 5.29
All Time Low / High (₹) 0.16 / 35.45
Market Cap (₹ Cr.) 146
Equity (₹ Cr.) 39.8
Face Value (₹) 1
Industry PE 25.1

Management X-Ray of India Steel Works:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.8022.8022.8022.8022.8022.8022.8022.8022.8023.71
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of India Steel Works

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

India Steel Works Ltd Stock News

India Steel Works Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of India Steel Works on 23-Feb-2024 13:18 is ₹3.61.
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 23-Feb-2024 13:18 the market cap of India Steel Works stood at ₹146.5.
The latest P/E ratio of India Steel Works as of 23-Feb-2024 13:18 is 0.00.
The latest P/B ratio of India Steel Works as of 23-Feb-2024 13:18 is 4.76.
The 52-week high of India Steel Works is ₹5.29 and the 52-week low is ₹1.35.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Steel Works is ₹2.05 ( Cr.) .

About India Steel Works Ltd

India Steel Industries, previously called Isibars, has been producing bright bars since 1957. In addition to its bright bar plant in Central Mumbai, in 1990 it set up another plant in Turbhe, Navi Mumbai for the manufacture of stainless steel bright bars. Soon thereafter, the company was listed on the Bombay Stock Exchange with an initial public offer of Rs.16.7 million, which was heavily oversubscribed.

The company integrated backwards into steel melting and hot-rolling by acquiring a plant in Khopoli, and expanded capacity, upgraded technology and increased product range. It then started a wire division by setting up a wire-drawing plant at Savroli under the name Isinox Steels. In 1998 it acquired a state-of-the-art bar & rod rolling mill from Pomini S.p.A. of Italy.

Through continuous process and product improvement, and a commitment to customer satisfaction, India Steel is well on its way to becoming a leading global player in stainless steel long products


1. Grades Of Steel-• Austenitic Stainless Steels• Ferritic and Martensitic Stainless Steels• Carbon Alloy Steels

2. Hot Rolled Products-• Wire Rods• Round Bars• Cast Billets• Rolled Billets

3. Bright Bar Products

4. Wires



The steel melt shop at Khopoli has two melting furnaces, an Induction Furnace and an Electric Arc Furnace. After melting, the steel is refined in the Ladle Furnace or AOD Converter and sent forward to the Continuous Casting Machine which casts the liquid metal into billets of required dimensions.


The company runs two mills – a Continuous Bar & Rod Mill and a Cross-country Bar Mill. A wide range of hot-rolled long products is available to its customers from these two mills. The Continuous Bar and Rod Rolling Mill, supplied by M/s. Pomini S.P.A of Italy (now VAI), was commissioned in the year 1998. One of the most technologically advanced Bar and Rod Mills in India, it is equipped with sophisticated ABB automation systems and is capable of making wire rods and rounds to precise specifications.  The Cross-country Bar Mill has been fully renovated and produces round bars and utensil-grade wide-flats. 


The Bright Bar Division manufactures a wide range of bright bars, specialising in stainless steel, through different processes like heat treatment, quenching and tempering, pickling, cold drawing, peeling, smooth turning, centreless grinding and polishing.


Its wire drawing facility is capable of manufacturing stainless steel wires of different sizes, finishes, conditions and coil weights.  It makes wires from diameter 1mm to 8mm with coil-diameters, weights and packing as per the customer’s requirements.

 Awards and achievements:

• India Steel’s facilities and machinery are ISO 9001 certified by IRQS.

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