ISMT Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
52.20 -1.95 (-3.60%)

DeciZen - Make an Informed Decision on ISMT

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

ISMT Price Chart

P/E Ratio (SA) :
0.64
Market Cap :
1,568.6 Cr.
52-wk low :
26.5
52-wk high :
74.4
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 Weak which suggest that the price of ISMT 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 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 3.3%-1.5%-2.4%-7.9%-4.8%-3%-1.5%-4.3%-19.7%49.4%-
Value Creation Index -0.8-1.1-1.2NANANANANANA2.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5921,5611,5059921,1621,4901,8251,3041,2352,1532,265
YoY Gr. Rt. %--1.9%-3.6%-34.1%17.2%28.2%22.5%-28.5%-5.3%74.3%-
Adj EPS -3.4-10.6-14.3-23.9-19.1-16.7-14.8-16.7-24.218.581
YoY Gr. Rt. %-NANANANANANANANANA-
BVPS (₹) 33.420.84.7-18.4-37.9-54.1-69.6-85.8-109.440.941.6
Adj Net Profit -49.5-155-209-351-280-244-216-245-3555562,435
Cash Flow from Ops. 13179.168-275-92.53242.411835.5101-
Debt/CF from Ops. 9.619.124.3-7.5-23.568.451.51858.82-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.4%13.1%5.7%74.3%
Adj EPS NANANANA
BVPS 2.3000
Share Price 8.3% 38.3% 133.3% 85.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -9.2-39-71.8-326.1135.45230.72628.732734.1196.4
Op. Profit Mgn % 105.62.31.23.75.16.26.1-1.52.93.2
Net Profit Mgn % -3.1-9.9-13.9-35.4-24.1-16.4-11.8-18.8-28.725.9107.5
Debt to Equity 2.6523.9-7.6-3.9-2.8-2.1-1.7-1.30.2-
Working Cap Days 170162164241229178126159161860
Cash Conv. Cycle 79676510094766610297470

Recent Performance Summary

Sales growth is good in last 4 quarters at 46.41%

Return on Equity has declined versus last 3 years average to 196.40%

Sales growth has been subdued in last 3 years 5.65%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - ISMT Ltd.

Standalone Consolidated
TTM EPS (₹) 81 81.5
TTM Sales (₹ Cr.) 2,265 2,276
BVPS (₹.) 41.6 40.5
Reserves (₹ Cr.) 1,101 1,066
P/BV 1.25 1.30
PE 0.64 0.64
From the Market
52 Week Low / High (₹) 26.50 / 74.35
All Time Low / High (₹) 2.00 / 140.00
Market Cap (₹ Cr.) 1,569
Equity (₹ Cr.) 150.3
Face Value (₹) 5
Industry PE 7

Management X-Ray of ISMT :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *90.9490.9490.9490.9490.9496.7596.7596.7530.590.00
* 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

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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