ISMT Ltd Stock Analysis

BSE: 532479 | NSE: ISMTLTD | Steel & Iron Products | Small Cap

BSE Share Price 29-Sep-2023 18:02
76.57 -0.34 (-0.44%)

DeciZen - Make an Informed Decision on ISMT

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

ISMT Price Chart

P/E Ratio (SA):
19.62
Market Cap:
2,300.9 Cr.
52-wk low:
45.4
52-wk high:
92.8
Bole Toh?

1. Is ISMT Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that ISMT Ltd is a average quality company.

2. Is ISMT Ltd undervalued or overvalued?

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

3. Is ISMT Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of ISMT Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of ISMT:

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.
ISMT Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1.5%-2.4%-7.9%-4.8%-3%-1.5%-4.3%-19.7%223.7%6.7%-
Value Creation Index -1.1-1.2NANANANANANA15.0-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5611,5059921,1621,4901,8251,3041,2352,1532,5612,567
YoY Gr. Rt. %--3.6%-34.1%17.2%28.2%22.5%-28.5%-5.3%74.3%19%-
Adj EPS -10.6-14.3-23.9-19.1-16.7-14.8-16.7-24.2853.13.9
YoY Gr. Rt. %-NANANANANANANANA-96.4%-
BVPS (₹) 20.84.7-18.4-37.9-54.1-69.6-85.8-109.440.944.345.7
Adj Net Profit -155-209-351-280-244-216-245-3552,55593.2117
Cash Flow from Ops. 79.168-275-92.53242.411835.599.794.3-
Debt/CF from Ops. 19.124.3-7.5-23.568.451.51858.820.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.7%11.4%25.2%19%
Adj EPS NANANA-96.4%
BVPS8.8%NANA8.3%
Share Price 21.8% 66.6% 97.2% 56.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % -39-71.8-326.1135.45230.72628.7150266.96.48.7
Op. Profit Mgn % 5.62.31.23.75.16.26.1-1.52.88.610.4
Net Profit Mgn % -9.9-13.9-35.4-24.1-16.4-11.8-18.8-28.7118.73.64.6
Debt to Equity 523.9-7.6-3.9-2.8-2.1-1.7-1.30.20.1-
Working Cap Days 16216424122917812615916186790
Cash Conv. Cycle 67651009476661029746410

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.23%

Sales growth is good in last 4 quarters at 13.53%

Return on Equity has declined versus last 3 years average to 8.70%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - ISMT Ltd.

Standalone Consolidated
TTM EPS (₹) 3.9 3.6
TTM Sales (₹ Cr.) 2,567 2,584
BVPS (₹.) 45.7 44.4
Reserves (₹ Cr.) 1,224 1,183
P/BV 1.67 1.72
PE 19.62 21.15
From the Market
52 Week Low / High (₹) 45.40 / 92.80
All Time Low / High (₹) 2.00 / 140.00
Market Cap (₹ Cr.) 2,301
Equity (₹ Cr.) 150.3
Face Value (₹) 5
Industry PE 20.6

Management X-Ray of ISMT :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *90.9496.7596.7596.7530.590.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of ISMT

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

News

ISMT Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ISMT on 29-Sep-2023 18:02 is : 76.57.
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 29-Sep-2023 18:02 the market cap of ISMT stood at ₹ 2,300.9.
The latest PE ratio of ISMT as of 29-Sep-2023 18:02 is 19.62.
The latest PB ratio of ISMT as of 29-Sep-2023 18:02 is 1.67
The 52-week high of ISMT is ₹ 92.80 and the 52-week low is ₹ 45.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of ISMT is ₹ 2,567 ( Cr.) .

About ISMT Ltd

The Indian Seamless Metal Tubes Limited (ISMT) was promoted in 1977 by a group of technocrats to produce specialized seamless tubes in India. Beginning with an installed capacity of 15,000 metric tons per annum, ISMT commenced production in 1980 with the installation and commissioning of an Assel mill in technical collaboration with Mannesman Demag Meer of Germany.

Subsequently, in 1990 the production capacity was raised to 50,000 metric tons per annum with the addition of a second Assel Mill. In 1995, the Indian Seamless Metal Tubes Limited promoted another company, Indian Seamless Steels and Alloys Ltd. (ISSAL), to produce alloy Steel, the raw material used in the manufacture of seamless tubes, giving ISMT better control over product quality as well as deliveries.

Business area of the company

ISMT is predominantly engaged in the manufacturing of specialty alloy and bearing Steel. The end user segments are largely Bearing, Automotive, Engineering and Forging Customers apart from some customers requiring steel for specialized application. The fortunes of the specialty and alloy steel products is closely linked to automotive and auto component industry.

Milestones

  • 1977: Indian Seamless Metal Tubes was incorporated.
  • 1980: The company started commercial production of specialized seamless tubes.
  • 1988: Taneja Aerospace & Aviation was incorporated. 
  • 1989: Indian Seamless Steels & Alloys was incorporated. 
  • 1994: Taneja Aerospace & Aviation received its first certification of airworthy flight/ commercial production. Indian Seamless Steels & Alloys started its commercial production.
  • 1999: Kalyani Seamless Tubes was merged with Indian Seamless Metal Tubes. 
  • 2005: Indian Seamless Metal Tubes and Indian Seamless Steels and Alloys Ltd were merged to form ‘ISMT’.
  • 2007: ISMT acquired a 100% stake in Structo Hydraulic AB, Sweden.
  • 2022: ISMT acquired by Kirloskar Ferrous Industries Limited.
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