India Steel Works Ltd - Stock Valuation and Financial Performance

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

India Steel Works Share Price

5.70 -0.15 -2.56%
as on 11-Nov'24 13:31

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

Overvalued

3. Price Trend

India Steel Works stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
232.9 Cr.
52-wk low:
1.9
52-wk high:
8.7

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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.3%5%4%6.5%7.4%2.9%-3.8%-4.1%-20.9%-20.6%-
Value Creation
Index
-0.9-0.7-0.7-0.5-0.5-0.8-1.3-1.3-2.5-2.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6135135841,08694953214014423.84.70
Sales YoY Gr.--16.4%13.8%86%-12.6%-44%-73.8%3.1%-83.5%-80.2%-
Adj EPS -0.500.1-0.10.2-0.1-0.4-0.6-1.3-1.2-0.3
YoY Gr.-NANA-171.4%NA-140%NANANANA-
BVPS (₹) 2.34.24.34.44.54.43.93.42.21.20.8
Adj Net
Profit
-19.50.22.7-1.88.1-3.1-16.1-23.2-50-48.1-11
Cash Flow from Ops. -28.8233719.322.1-3.7-42.4-40-3.9-1-
Debt/CF from Ops. -2.33.21.864.4-25.1-2.6-3.1-16.4-68.1-

CAGR

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
BVPS-6.9%-23%-32%-43.3%
Share Price 2.7% 59.1% 49.7% 180.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-18.10.11.2-0.94.6-1.8-9.8-16-45.2-71.7-26.5
Op. Profit
Mgn %
14.53.42.20.6-0.7-22.5-26.2-253.4-390.3NAN
Net Profit
Mgn %
-3.200.5-0.20.9-0.6-11.5-16.1-209.8-1022.1-INF
Debt to
Equity
0.40.30.30.70.50.50.70.90.71.5-
Working Cap
Days
109139153951162268818043,93315,8470
Cash Conv.
Cycle
-32-3-40-582442,5949,8990

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 -100.00%

Latest Financials - India Steel Works Ltd.

Standalone Consolidated
TTM EPS (₹) -0.3 -0.7
TTM Sales (₹ Cr.) 0 2.7
BVPS (₹.) 0.8 0.9
Reserves (₹ Cr.) -7 -3
P/BV 7.16 6.29
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.93 / 8.74
All Time Low / High (₹) 0.16 / 35.45
Market Cap (₹ Cr.) 233
Equity (₹ Cr.) 39.8
Face Value (₹) 1
Industry PE 22.9

Management X-Ray of India Steel Works:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.8022.8022.8022.8022.8022.8023.7123.7823.7823.78
* 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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6135135841,086949532140144245
Operating Expenses 6074905641,0629495391771828525
Manufacturing Costs6680721079786431497
Material Costs51638046091881041599154248
Employee Cost 14161919201815544
Other Costs 121413182220208476
Operating Profit 62320241-7-38-38-61-20
Operating Profit Margin (%) 1.0%4.5%3.4%2.2%0.1%-1.3%-26.9%-26.3%-257.0%-424.0%
Other Income 22510143026383792
Interest 15111019171310988
Depreciation 1515181881111887
Exceptional Items -11000-100-317-2
Profit Before Tax -132204-5-20-20-51-36
Tax 00-20000000
Profit After Tax -132404-5-20-20-51-36
PAT Margin (%) -2.1%0.4%0.7%0.0%0.4%-1.0%-14.1%-13.8%-212.0%-764.0%
Adjusted EPS (₹)-0.30.10.10.00.1-0.1-0.5-0.5-1.3-0.9
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 1572332371751801741551358649
Share Capital 10410410440404040404040
Reserves 5312913313514013411595469
Minority Interest0000000000
Debt65746611597931101256471
Long Term Debt41383685555112211919
Short Term Debt253730304242981044552
Trade Payables1011251991972192118981188174
Others Liabilities 5153516382116223193101119
Total Liabilities 374485552550578594577535437413

Fixed Assets

Gross Block373480481246272287287287287287
Accumulated Depreciation19220722518273848566371
Net Fixed Assets181273257228245249239231224216
CWIP 9018191200000
Investments 2222222200
Inventories7610913616619215165238170136
Trade Receivables394066293838131000
Cash Equivalents 2233122100
Others Assets64597110388151255524259
Total Assets 374485552550578594577535437413

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2923371922-4-42-40-4-1
PBT -132204-5-20-20-51-36
Adjustment 13253427-4-2-17-16614
Changes in Working Capital -30-29-8213-6-44021
Tax Paid 0000000000
Cash Flow From Investing Activity -2-22-18-16-18-50100
Capex -2-22-18-16-18-40000
Net Investments 0000000000
Others 00000-10100
Cash Flow From Financing Activity 22-1-18-4-69423931
Net Proceeds from Shares 110000000000
Net Proceeds from Borrowing -74-3-25-30-41710-20
Interest Paid -15-10-9-901227231-6
Dividend Paid 0000000000
Others 112-70240-3657
Net Cash Flow -8010-2000-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-28.761.622.370.22.36-3.04-11.97-13.66-45.86-53.58
ROCE (%)1.264.953.976.547.392.91-3.78-4.11-20.86-20.64
Asset Turnover Ratio1.81.341.222.091.720.910.240.260.050.01
PAT to CFO Conversion(x)N/A11.59.25N/A5.5N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days18253115132667308119
Inventory Days48597048681182833853,1290
Payable Days8010812879941895542012,0108,496

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 11-Nov-2024 13:31 is ₹5.70.
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-Nov-2024 13:31 the market cap of India Steel Works stood at ₹232.9.
The latest P/E ratio of India Steel Works as of 11-Nov-2024 13:31 is 0.00.
The latest P/B ratio of India Steel Works as of 11-Nov-2024 13:31 is 7.16.
The 52-week high of India Steel Works is ₹8.74 and the 52-week low is ₹1.93.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Steel Works is ₹0.00 ( 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

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

Divisions:

1. STEEL MELT SHOP

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.

2. ROLLING MILLS

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. 

3. BRIGHT BAR DIVISION

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.

4. WIRE FACILITY

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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