JSW ISPAT Steel Ltd.(Amalgamation) - Stock Valuation and Financial Performance

BSE: 500305 | NSE: JSWISPAT | Steel & Iron Products | Small Cap

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JSW ISPAT Steel Ltd.(Amalgamation) stock performance -

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P/E Ratio (SA):
4.45
Market Cap:
2,511.8 Cr.
52-wk low:
9.8
52-wk high:
10.1

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of JSW ISPAT (Amalg):

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Jun'10Jun'11Jun'12TTM
ROCE % 2.4%3%10.1%-1.1%6.7%6%6.5%6%-3.1%10.1%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,1083,7326,0784,9597,4878,2848,1328,1068,23111,10410,702
Sales YoY Gr.-20.1%62.9%-18.4%51%10.7%-1.8%-0.3%1.5%34.9%-
Adj EPS -0.60.16-6.5-0.4-1.1-1.8-2.7-4.20.42.2
YoY Gr.-NA11960%-207.1%NANANANANANA-
BVPS (₹) 9.110.220.95.35.25.5-1.2-2.70.1-0.5-0.1
Adj Net
Profit
-39.93.3418-790-49.6-131-224-332-991105564
Cash Flow from Ops. 3834288728241,4581,5361,433997-8121,167-
Debt/CF from Ops. 17166.7105.74.75.15.8-8.65.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.2%8.2%10.9%34.9%
Adj EPS NANANANA
BVPS-172.6%-162.9%NA-666.7%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Jun'10Jun'11Jun'12TTM
Return on
Equity %
-2.40.218.3-32.4-2-4.5-9.1-23-556.6-772.4
Op. Profit
Mgn %
13.214.7247.121.315.213.713.544.37.2
Net Profit
Mgn %
-1.30.16.9-15.9-0.7-1.6-2.8-4.1-1215.3
Debt to
Equity
7.16.93.14.84.94.18.112.17194.7
Working Cap
Days
1551351141521011021141061369248
Cash Conv.
Cycle
-11213755272447-2-45-46

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - JSW ISPAT Steel Ltd.(Amalgamation)

Standalone Consolidated
TTM EPS (₹) 2.2 -1.1
TTM Sales (₹ Cr.) 10,702 11,104
BVPS (₹.) -0.1 -0.5
Reserves (₹ Cr.) -2,533 -2,639
P/BV -152.60 -20.52
PE 4.45 0.00
From the Market
52 Week Low / High (₹) 9.81 / 10.10
All Time Low / High (₹) 0.55 / 105.00
Market Cap (₹ Cr.) 2,512
Equity (₹ Cr.) 2,516.8
Face Value (₹) 10
Industry PE 26.4

Management X-Ray of JSW ISPAT (Amalg):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *95.0030.0528.6028.6028.6028.6028.6028.600.000.00
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of JSW ISPAT (Amalg)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Jun'10Jun'11Jun'12
Sales3,108.273,732.016,078.084,958.747,486.578,284.148,131.9810,132.738,231.2111,104.11
Operating Expenses 2,727.043,188.824,631.504,656.505,906.897,023.947,039.028,773.937,905.6810,631.37
Manufacturing Costs573.20778.661,029.151,303.581,616.781,792.911,812.682,501.551,954.212,534.73
Material Costs1,704.731,982.963,036.932,836.593,740.314,704.734,736.965,655.265,503.567,370.55
Employee Cost 51.9470.44110.39129.56161.17197.65196.65259.64219.29260.86
Other Costs 397.17356.76455.03386.77388.63328.65292.73357.48228.62465.23
Operating Profit 381.23543.191,446.58302.241,579.681,260.201,092.961,358.80325.53472.74
Operating Profit Margin (%) 12.3%14.6%23.8%6.1%21.1%15.2%13.4%13.4%4.0%4.3%
Other Income 56.1592.37123.7057.41147.14601.63405.86448.67323.90720.45
Interest 344.79355.69643.89985.071,099.621,108.091,227.391,369.981,022.911,076
Depreciation 210.12219.66435.99571.43623.83638.12646.62773.95596.26626.83
Exceptional Items 184.050405.14000-648.700-1,180.62-586.46
Profit Before Tax 66.5260.21895.54-1,196.853.37115.62-1,023.89-336.46-2,150.36-1,096.10
Tax -16.3115.89199.48-384.1812.9080.82-335.78-14.12-344.48-779.18
Profit After Tax 82.8344.32696.06-812.67-9.5334.80-688.11-322.34-1,805.88-316.92
PAT Margin (%) 2.7%1.2%11.5%-16.4%-0.1%0.4%-8.5%-3.2%-21.9%-2.9%
Adjusted EPS (₹)1.20.710.2-6.7-0.10.3-5.6-2.6-7.6-1.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Jun'10Jun'11Jun'12

Equity and Liabilities

Shareholders Fund 1,395.851,416.132,238.902,049.812,941.672,901.611,984.841,562.691,875.441,181.46
Share Capital 981.75981.761,136.902,288.702,288.742,294.032,272.512,225.093,354.923,001.56
Reserves 414.10434.371,102-238.89652.93607.58-287.67-662.40-1,479.48-1,820.10
Minority Interest0000000000
Debt6,517.856,851.035,832.238,261.098,315.507,225.047,351.527,181.756,182.266,215.79
Long Term Debt6,517.856,851.035,832.238,261.098,315.507,225.047,351.527,181.754,969.556,034.83
Short Term Debt000000001,212.71180.96
Trade Payables790.50720.33985.161,863.581,725.632,435.553,234.013,627.853,085.553,825.09
Others Liabilities 107.40188.72695.77-247.63-183.49-255.11-388.19-458.24-95.32-1,119.26
Total Liabilities 8,811.609,176.219,752.0611,926.8512,799.3112,307.0912,182.1811,914.0511,047.9310,103.08

Fixed Assets

Gross Block3,900.638,047.528,016.4311,455.7113,067.3713,167.9313,557.3913,456.0213,438.7013,713.33
Accumulated Depreciation1,158.751,398.261,846.482,554.273,244.043,961.924,669.585,528.676,193.566,891.07
Net Fixed Assets2,741.886,649.266,169.958,901.449,823.339,206.018,887.817,927.357,245.146,822.26
CWIP 2,173.47472.37630.37398.1954.68108.2598.5263.7352.99179.43
Investments 55.0552.9953.31113.32113.59118.04232.89229.37163.42160.99
Inventories313.29476.58629.02985.611,056.191,368.381,382.931,934.172,040.131,713.25
Trade Receivables444.94433.901,068.87594.13645.02579.83564.18758.97394.57591.17
Cash Equivalents 94.12109.20122.54128.86327.6592.5279.39203.06393.199.82
Others Assets2,988.85981.911,078805.30778.85834.06936.46797.40758.49626.16
Total Assets 8,811.609,176.219,752.0611,926.8512,799.3112,307.0912,182.1811,914.0511,047.9310,103.08

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Jun'10Jun'11Jun'12
Cash Flow From Operating Activity 383.12427.70871.76824.471,458.411,535.721,432.801,245.84-811.911,167.04
PBT -117.5360.21490.40-1,196.853.37115.62-1,023.89-336.46-2,150.36-1,096.10
Adjustment 699.89516.221,024.861,561.621,566.451,103.351,794.351,673.812,519.651,678.29
Changes in Working Capital -198.82-148.37-644.67459.7-107.85319.47665.45-91.16-1152585.48
Tax Paid -0.42-0.361.170-3.56-2.72-3.11-0.35-29.20-0.63
Cash Flow From Investing Activity -85.73-259.06-225.37-235.30-319.94-203.99-182.63-256.05-219.34-31.63
Capex -146.79-284.22-285.66-200.61-307.96-173.20-103.56-142.24-61.14-203.67
Net Investments 46.865.54-0.110-0.05-4.0505.69-163.292.43
Others 14.2019.6260.40-34.69-11.93-26.74-79.07-119.505.09169.61
Cash Flow From Financing Activity -258.04-162.09-644.98-608.09-957.17-1,580.86-1,249.97-970.021,399.62-1,519.96
Net Proceeds from Shares 22.1745.4622.12-0.110.0913.2252.1518.232,157.070.04
Net Proceeds from Borrowing 0-58.552.31-130.4380.22-474.14-495.50263.46420.831,049.01
Interest Paid -196.28-216.07-577.90-775.50-1,216.67-909.48-995.99-1,092.30-1,121.93-1,053.84
Dividend Paid -0.73-0.14-0.270000000
Others -83.2067.21-91.24297.95179.19-210.46189.37-159.41-56.35-1,515.17
Net Cash Flow 39.356.551.41-18.92181.30-249.130.2019.77368.37-384.55
PARTICULARSMar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Jun'10Jun'11Jun'12
Ratios
ROE (%)19.926.6865.33-78.05-1.495.32-256.83000
ROCE (%)5.415.2318.69-2.3211.0312.892.3512.83-14.2-0.26
Asset Turnover Ratio0.380.460.680.510.680.750.740.910.781.15
PAT to CFO Conversion(x)4.639.651.25N/AN/A44.13N/AN/AN/AN/A
Working Capital Days
Receivable Days46394254272423222315
Inventory Days29353153444755558157
Payable Days1328859947773117118163171

JSW ISPAT Steel Ltd.(Amalgamation) Stock News

JSW ISPAT Steel Ltd.(Amalgamation) FAQs

Company share prices are keep on changing according to the market conditions. The closing price of JSW ISPAT (Amalg) on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of JSW ISPAT (Amalg) stood at ₹2,511.8.
The latest P/E ratio of JSW ISPAT (Amalg) as of 01-Jan-1970 05:30 is 4.45.
The latest P/B ratio of JSW ISPAT (Amalg) as of 01-Jan-1970 05:30 is -152.60.
The 52-week high of JSW ISPAT (Amalg) is ₹10.10 and the 52-week low is ₹9.81.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW ISPAT (Amalg) is ₹10,702 ( Cr.) .

About JSW ISPAT Steel Ltd.(Amalgamation)

Ispat Industries, set up in 1984, is one of the leading steel manufacturer in India.It is a Rs.9,400 core company, which is the largest private sector  producer of hot rolled coil.

It has two state of the art integrated steel facilities in Dolvi & Kamleshwar located in state of Maharashtra.

It manufacturers sponge iron, hot rolled coils, cold rolled coils, galvanized steel/ coils and colour coated steel.

Its 1,200 acres Dolvi plant produces of 3 million tonne per annum hot rolled coils. It uses latest technology that is introduced first time in Asia.

Its sponge iron plant is most efficient plant in the world and has received ISO 9002 (1994) and ISO 14001 (1996) certification.

Erebus, a Mauritius  based company, Nipon Ispat Singapore and Ispat Energy are its subsidiaries.

Future plans:

With increase in demand of steel, the company is planning to implement major projects such as:

Pellet plant with estimated capacity of 4.5 Million Metric Tonnes (MT) annually.

Coke oven plant with estimated capacity of 1 Million MT as a joint venture.

Blast Furnace with an estimated capacity of 1.2 Million MT.

The company has also entered into a Memorandum Of Understanding with the governments of Jharkhand & Chattisgarh  to set up integrated steel plants with estimated capacity of  2.8 Million MTs per annum & a power plant with an estimated capacity of  1200 Mega Watt.

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