MoneyWorks4Me

ISMT Ltd. - (Amalgamated) (ISMTLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532479 NSE: ISMTLTD Steel & Iron Products | Small Cap | ISMT Share Price

₹119.80 0.00 (0.00%)

As on 05-Aug'24 15:14

ISMT Ltd. - (Amalgamated) (ISMTLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532479 NSE: ISMTLTD Steel & Iron Products | Small Cap | ISMT Share Price

₹119.80 0.00 (0.00%)

As on 05-Aug'24 15:14

Key Metrics
Valuation Multiples
Market Cap
₹3,612 Cr.
Current Price
₹119.8
52-Week Low / High
₹119 / 124
TTM EPS
₹5.4
TTM Sales
₹2,537 Cr.
Book Value per Share
₹49.3
P/E Ratio
22.28
Higher than its 3-year historical median
Industry PE
25
Price to Book (P/B)
2.44
Higher than its 3-year historical median
Price to Sales (P/S)
1.42
Higher than its 5-year historical median
EV/EBITDA
10.16
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
7.05%
Return on Capital Employed (ROCE)
12.29%
Return on Assets (ROA)
4.43%
Operating Profit Margin
8.4%
Net Profit Margin
3.4%
Gross Profit Margin
5.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
18.99%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
263.76%
Net Profit Growth (1 Year)
-
-96.3%
Asset Quality
Promoter Holding
74.95%
Pledged shares (%) of Promoter's holding (%)
0.02%
Reserves
₹1,331 Cr.
Equity
₹150.3 Cr.
Face Value
₹5
All Time Low / High
₹2.00 / 157.80

ISMT . - (Amalgamated) stock performance

Key Ratios
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10 Year X-Ray :

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. - (Amalgamated) has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % ⓘ-1.2%0.8%-5.3%-0.6%2.2%3.7%3.1%-13%262.6%12.6%-
Value Creation
Index ⓘ
-1.1-0.9NANANANANANA17.8-0.1-

Growth Parameters ⓘ

Sales ⓘ1,5611,5059921,1621,4901,8251,3041,2352,1532,5612,529
Sales YoY Gr.--3.6%-34.1%17.2%28.2%22.5%-28.5%-5.3%74.3%19%-
Adj EPS ⓘ-10.6-14.3-23.9-19.1-16.7-14.8-16.7-24.2853.14.2
YoY Gr.-NANANANANANANANA-96.4%-
BVPS (₹) ⓘ20.84.7-18.4-37.9-54.1-69.6-85.8-109.440.944.349.5
Adj Net
Profit ⓘ
-155-209-351-280-244-216-245-3552,55593.2127
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 ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ5.7%11.4%25.2%19%
Adj EPS ⓘNANANA-96.4%
BVPSⓘ8.8%NANA8.3%
Share Price 28.7% 33.2% 16.1% -0.3%

Key Financial Parameters ⓘ

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity % ⓘ
-39-71.8-326.1135.45230.72628.7150266.96.49.1
Op. Profit
Mgn % ⓘ
5.62.31.23.75.16.26.1-1.52.88.614.1
Net Profit
Mgn % ⓘ
-9.9-13.9-35.4-24.1-16.4-11.8-18.8-28.7118.73.65
Debt to
Equity ⓘ
523.9-7.6-3.9-2.8-2.1-1.7-1.30.20.1-
Working Cap
Days ⓘ
162164241229178126159161867962
Cash Conv.
Cycle ⓘ
676510094766610297464134

Valuation of ISMT - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *30.590.000.000.000.000.000.020.020.020.02
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,595.711,522.951,014.751,203.721,557.911,853.631,325.361,251.752,160.602,580.21
Operating Expenses ⓘ + 1,587.181,511.661,010.871,158.381,478.281,737.981,247.721,265.952,100.862,362.90
Manufacturing Costs530.44466.08284.35304.31413.57533.60376.17364.40594.21693.25
Material Costs764.70810.52538.25676.58857.63988.02672.58722.151,234.471,383.08
Employee Cost 144.22135.01119.06122.29134.72141.42145.06132.67166.60167.62
Other Costs ⓘ 147.82100.0569.2155.2072.3674.9453.9146.73105.58118.95
Operating Profit ⓘ 8.5311.293.8845.3479.63115.6577.64-14.2059.74217.31
Operating Profit Margin (%) 0.5%0.7%0.4%3.8%5.1%6.2%5.9%-1.1%2.8%8.4%
Other Income ⓘ + 16.0716.4012.709.6010.537.3911.6256.8021.4317.97
Exceptional Items ⓘ 45.5897.05-44.4104.03-25.308.87-58.372,511.38-6.43
Interest ⓘ 187.27239.47282.44270.38276.55277.86274.89262.6513.2121.68
Depreciation ⓘ 108.7376.4575.1166.3061.4356.8965.566462.4358.58
Profit Before Tax ⓘ -225.82-191.18-385.38-281.74-243.79-237.01-242.32-342.422,516.91148.59
Tax ⓘ -31.61-3.089.430.01-0.990-1.950.10142.8360.85
Profit After Tax -194.21-188.10-394.81-281.75-242.80-237.01-240.37-342.522,374.0887.74
PAT Margin (%) -12.2%-12.4%-38.9%-23.4%-15.6%-12.8%-18.1%-27.4%109.9%3.4%
Adjusted EPS (₹)-13.3-12.8-27.0-19.2-16.6-16.2-16.4-23.479.02.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund + 217.18243.76-117.27-404.67-646.02-869.61-1,114.62-1,458.171,386.461,477.86
Share Capital ⓘ 73.2573.2573.2573.2573.2573.2573.2573.25150.25150.25
Reserves ⓘ 143.93170.51-190.52-477.92-719.27-942.86-1,187.87-1,531.421,236.211,327.61
Debt +1,299.961,492.011,792.301,703.911,489.251,344.331,189.921,067.98205.7676.89
Long Term Debt759.741,008.94850.25628.15402.86277.48167.2365.6800
Short Term Debt540.22483.07942.051,075.761,086.391,066.851,022.691,002.30205.7676.89
Minority Interest000-0.13-0.16-0.110.240.240.110.11
Trade Payables591.91479.70219.78141.41107.94101.50108.42132.73214.43207.12
Others Liabilities ⓘ 637.49543.92590.891,013.551,400.311,785.022,132.592,483.04150.51238.61
Total Liabilities ⓘ 2,746.542,759.392,485.702,454.072,351.322,361.132,316.552,225.821,957.272,000.59

Fixed Assets

Net Fixed Assets ⓘ +1,406.461,655.221,601.431,269.111,224.231,442.501,422.741,364.411,290.381,018.73
Gross Block2,233.382,444.292,465.612,109.132,125.682,471.282,517.572,529.942,534.442,243.88
Accumulated Depreciation826.92789.07864.18840.02901.451,028.781,094.831,165.531,244.061,225.15
CWIP ⓘ 90.6996.9494.1117.292.2891.0194.1742.123.5719.08
Investments ⓘ 0.050.0400.020.0200000
Inventories494.25427.39343.18333.54345.63349.98388.22357.40435.05476.92
Trade Receivables299.45191.49181.40197.70225.99249.53198.74273.86286.09308.33
Cash Equivalents 147.81120.9835.0551.3354.4179.2980.0540.4754.6128.78
Others Assets ⓘ 307.83267.33230.53585.08498.76148.82132.63147.56-112.43148.75
Total Assets ⓘ 2,746.542,759.392,485.702,454.072,351.322,361.132,316.552,225.821,957.272,000.59
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity ⓘ + 85.6768.86-244.77-71.2331.2279.71109.4616.42104.1092.02
PBT ⓘ -225.82-191.18-385.38-281.74-243.79-237.01-242.32-342.422,516.91148.59
Adjustment ⓘ 278.80230.07376.31340.19337.94365.27332.51353.87-2,438.5099.30
Changes in Working Capital ⓘ 35.1830.75-235.25-129.07-69.35-48.3615.044.6426.02-108.5
Tax Paid ⓘ -2.49-0.78-0.45-0.616.42-0.194.230.33-0.33-47.37
Cash Flow From Investing Activity ⓘ + -22.851.114.35-7.34-1.070.58-21.619.69-0.4334.84
Capex -34.23-6.64-3.80-9.64-3.86-7.34-15.47-15.68-10.5630
Net Investments 000-0.02000000
Others ⓘ 11.387.758.152.322.797.92-6.1425.3710.134.84
Cash Flow From Financing Activity ⓘ + -7.83-82.30200.43-45.59-13.39-50.32-100.69-46.29-84.03-151.99
Net Proceeds from Shares ⓘ 00000000476.630
Net Proceeds from Borrowing ⓘ 000-21.38000000
Interest Paid ⓘ -177.83-219.41-150.81-23.61-18.48-17-11.56-5.92-12.60-20.79
Dividend Paid ⓘ -0.01-0.62-0.30-0.60-0.56-0.71-0.46000
Others ⓘ 170.01137.73351.54-05.65-32.61-88.67-40.37-548.06-131.20
Net Cash Flow ⓘ 54.99-12.33-39.99-124.1616.7629.97-12.84-20.1819.64-25.13
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-61.41-160.59N/AN/AN/AN/AN/AN/A07.05
ROCE (%)-2.142.7N/AN/AN/AN/AN/AN/A274.6412.29
Asset Turnover Ratio1.080.950.560.640.91.130.790.791.612.03
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A0.041.05
Working Capital Days
Receivable Days38.6034.3046.6043.9035.9032.5044.3048.2030.3027
Inventory Days62.6064.4096.2078.4057.6047.60737642.9041.50
Payable Days9379.1086.9055.9043.3037.605760.9051.3048.50

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ISMT Ltd. - (Amalgamated) FAQs

The current trading price of ISMT on 05-Aug-2024 15:14 is ₹119.8.

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 04-Aug-2024 the market cap of ISMT stood at ₹3,612 Cr

The latest P/E ratio of ISMT as of 04-Aug-2024 is 28.35.

The latest P/B ratio of ISMT as of 04-Aug-2024 is 2.43.

The 52-week high of ISMT is ₹124.4 and the 52-week low is ₹118.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ISMT is ₹2,529 ( Cr.) .

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

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

No data found

About ISMT Ltd. - (Amalgamated)

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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