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JSW Ispat Special Products Ltd Stock Analysis

Small Cap
Evaluated by 825 users | BSE: 513446 | NSE: JSWISPL |
Steel & Iron Products

Analysis of Financial Track Record

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.
JSW Ispat Special Products Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 7.77%6.25%4.36%2.5%-1.68%-11.31%-11.71%-11.93%-67.15%-7.44%2.5%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,5731,8971,9572,2773,1861,8271,2381,3831,8792,6384,1885,472
Y-o-Y Gr. Rt.-20.6%3.2%16.3%39.9%-42.7%-32.2%11.7%35.9%40.4%58.7%-
Adjusted EPS (Rs.) 44.2844.8138.178.88-95.73-85.41-84.25-79.33-75.6-10.33-1.982.92
Y-o-Y Gr. Rt.-1.2%-14.8%-76.7%-1178%NANANANANANA-
Book Value per Share (Rs.) 324.87366.87404.78404.8279.9329.49-57.08-153.330.9220.4518.2618.80
Adjusted Net Profit 28528824358.4-630-1,715-1,692-1,593-3,550-485-92.9137
Net Op. Cash Flow (Rs. Cr.) -25.3301298203409629270-28.1-196-197388-
Debt to Cash Flow from Ops -105.6713.6219.6733.7919.5112.0731.45-304.48-11.19-13.286.55-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
JSW Ispat Special Products Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.2%18%44.7%58.7%
Adjusted EPS -170.7%NANANA
Book Value per Share -28.4-9.10-10.7
Share Price -21.6% 7.7% -2.9% 17.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 15.1412.969.512.09-25.95-131.41610.8575.42645.45-28.02-6.4715.76
Operating Profit Margin (%) 28.6125.2424.4617.464.32-19.38-6.354.490.17-1.53.3911.31
Net Profit Margin (%) 18.1115.212.432.57-19.78-93.85-136.63-115.14-188.87-18.39-2.222.51
Debt to Equity 1.281.742.132.413.9612.82-7.41-2.781.111.761.841.61
Working Capital Days 247263311292169202297349219147119118
Cash Conversion Cycle 49731041025733416774796623
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Entity Percentage Holding
Promoters 53.17%
Institutions 6.05%
Non-Institutions 40.78%
Pledged *24.3624.3624.3624.3624.3624.3624.3624.3634.0781.13
* Pledged shares as % of Promoter's holding (%)
Past 10 year’s financial track record indicates that that JSW Ispat Special Products Ltd is a below average quality company.

JSW Ispat Special Products Ltd's earnings have grown by 0%, whereas share price has appreciated 7.7% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.

JSW Ispat Special Products Ltd share price has declined -21.6% annually (CAGR) over the past ten years.

Past 10 years financial track record analysis by Moneyworks4me indicates that JSW Ispat Special Products Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.

Monnet Ispat & Energy was incorporated on February 1,1990. A Monnet group company, it is engaged in the business of sponge iron, steel ingot & billets and coal mining.

Monnet Ispat Ltd has an excellent manufacturing setup for sponge iron, steel billets & ingots. It also has a coal mining division and has now diversified into power generation for captive consumption.

The success story of Monnet Ispat Limited started with the commissioning of 1 lac tonne per annum (TPA)

Monnet Ispat & Energy was incorporated on February 1,1990. A Monnet group company, it is engaged in the business of sponge iron, steel ingot & billets and coal mining.

Monnet Ispat Ltd has an excellent manufacturing setup for sponge iron, steel billets & ingots. It also has a coal mining division and has now diversified into power generation for captive consumption.

The success story of Monnet Ispat Limited started with the commissioning of 1 lac tonne per annum (TPA) sponge iron plant set up at one-fourth the cost of similar plants. The indigenous technology used in setting up this plant enables Monnet to produce sponge iron of excellent Quality matching with the product of other plants set up using highly capital intensive foreign technology. With the addition of a second Rotary Kiln, Monnet has ensured augmentation of a capacity to 2.30 lac TPA. Additionally two rotary kilns each of 35000 TPA were comissioned in second half of 2003.

The plant is located in Raipur, Chattisgarh state, close to the source of its main raw materials -- iron ore and coal. In future to increase its competitive edge, Monnet has entered into mining of coal and iron ore from captive mines.

Monnet has come a long way in a very short span of time. It views human resource as the company's most valuable asset, much more valuable than the other factors of productions i.e. money, materials and machinery. A product can be duplicated, technology is available for a price, but human being are non-duplicable. In the 21st century, the human resource is going to be the competitive advantage of any company, be it in the manufacturing or the service sector. A customer driven company, we at Monnet, are as much concerned about our external customers as we are about our internal customers.

Product range of the company includes:

Sponge iron, steel and ferro alloys. In addition, the Group is engaged in mining of coal and power generation for captive consumption.

Monnet Ispat & Energy has bought back 1.28 million shares at an average price of Rs 141.52 per share.The buyback begun on Dec 8, 2008 and closed effective May 22.The total amount invested in the buyback was Rs 182.03 million, which is 24.27% of the maximum offer size authorised by the buyback.

In 2011 Monnet Ispat & Energy Limited acquired Indonesian Coal Company.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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