JSW Ispat Special Products Ltd - Stock Valuation and Financial Performance

BSE: 513446 | NSE: JSWISPL | Steel & Iron Products | Small Cap

JSW Ispat Special Share Price

38.97 0.00 0.00%
as on 09-Aug'23 18:01

DeciZen - make an informed investing decision on JSW Ispat Special

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

JSW Ispat Special Products stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
1,829.8 Cr.
52-wk low:
29.5
52-wk high:
39.3

Is JSW Ispat Special Products Ltd an attractive stock to invest in?

1. Is JSW Ispat Special Products Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that JSW Ispat Special Products Ltd is a below average quality company.

2. Is JSW Ispat Special Products Ltd undervalued or overvalued?

The key valuation ratios of JSW Ispat Special Products Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is JSW Ispat Special Products Ltd a good buy now?

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

10 Year X-Ray of JSW Ispat Special:

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.
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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.4%2.5%-1.7%-11.3%-11.7%-11.9%-67.2%-7.4%2.5%5%-
Value Creation
Index
-0.7-0.8-1.1-1.8NANA-5.8-1.5-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,9572,2773,1861,8271,2381,3831,8792,6384,1886,0614,780
Sales YoY Gr.-16.3%39.9%-42.7%-32.2%11.7%35.9%40.4%58.7%44.7%-
Adj EPS 38.28.9-95.7-85.4-84.3-79.3-75.6-10.3-20.3-8.4
YoY Gr.--76.7%-1178%NANANANANANANA-
BVPS (₹) 404.8404.8279.929.5-57.1-153.330.920.518.318.48
Adj Net
Profit
24358.4-630-1,715-1,692-1,593-3,550-485-92.911.9-396
Cash Flow from Ops. 298203409629270-28.1-196-197388276-
Debt/CF from Ops. 19.733.819.512.131.5-304.5-11.2-13.36.69.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.4%37.4%47.7%44.7%
Adj EPS -42.8%NANANA
BVPS-29.1%NA-15.8%1%
Share Price -7.4% 10.5% 17.5% 30.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on
Equity %
9.52.1-26-131.4610.975.4645.5-28-6.50.9-63.8
Op. Profit
Mgn %
24.517.54.3-19.4-6.44.50.2-1.53.47.62.6
Net Profit
Mgn %
12.42.6-19.8-93.9-136.6-115.1-188.9-18.4-2.20.2-8.3
Debt to
Equity
2.12.4412.8-7.4-2.81.11.81.81.9-
Working Cap
Days
31129216920229734921914711910476
Cash Conv.
Cycle
1041025733416774796653-1

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 47.74%

Debt to equity has declined versus last 3 years average to 1.92

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -16.83%

Latest Financials - JSW Ispat Special Products Ltd.

Standalone Consolidated
TTM EPS (₹) -8.4 -7.6
TTM Sales (₹ Cr.) 4,780 5,144
BVPS (₹.) 8 8.8
Reserves (₹ Cr.) -94 -56
P/BV 4.88 4.41
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 29.51 / 39.25
All Time Low / High (₹) 2.00 / 710.00
Market Cap (₹ Cr.) 1,830
Equity (₹ Cr.) 469.6
Face Value (₹) 10
Industry PE 24.8

Management X-Ray of JSW Ispat Special:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *24.3634.0781.1381.1381.1381.1381.1381.1381.1381.13
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of JSW Ispat Special

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Sales1,9572,2773,1861,8271,2381,3831,8792,6384,1886,061
Operating Expenses 1,4791,8823,0482,1811,3171,3211,8762,6824,0635,602
Manufacturing Costs172362635474286116239488530845
Material Costs1,0921,2621,9691,4098571,0621,4781,9432,9704,306
Employee Cost 1021271871421028089116116130
Other Costs 113132257157726370135447322
Operating Profit 479395137-354-79623-44125458
Operating Profit Margin (%) 24.5%17.4%4.3%-19.4%-6.3%4.5%0.2%-1.7%3.0%7.6%
Other Income 718473783412272627445
Interest 1222436659801,1171,183448253276271
Depreciation 89139281359356352276217227223
Exceptional Items 00-253-90-210-441-2,768000
Profit Before Tax 33897-989-1,705-1,729-1,901-3,461-488-1059
Tax 8830-1930500000
Profit After Tax 25067-796-1,705-1,734-1,901-3,461-488-1059
PAT Margin (%) 12.8%2.9%-25.0%-93.3%-140.0%-137.0%-184.0%-18.5%-2.5%0.2%
Adjusted EPS (₹)39.38.4-120.0-84.9-86.4-94.7-73.7-10.4-2.20.2
Dividend Payout Ratio (%)4%12%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22

Equity and Liabilities

Shareholders Fund 2,7552,8402,018592-1,146-3,0781,9781,4861,3841,392
Share Capital 239241241201201201996996996996
Reserves 2,5162,5991,777391-1,347-3,278982490388396
Minority Interest0000000000
Debt5,4326,3626,6456,9876,5675,3042,1982,6192,4982,542
Long Term Debt4,0325,3774,9995,2484,7353,3952,0442,2522,2732,240
Short Term Debt1,3999851,6461,7391,8321,909154368225302
Trade Payables84229420310157123400489781849
Others Liabilities 1,1011,2571,9562,2043,5005,860125225383458
Total Liabilities 9,37210,68711,03910,0939,0778,2104,7014,8195,0455,241

Fixed Assets

Gross Block1,9335,0837,9607,9467,9707,9787,9788,0698,1768,296
Accumulated Depreciation5456849911,2591,6091,9604,6064,8195,0075,227
Net Fixed Assets1,3884,3996,9696,6876,3616,0173,3733,2493,1683,069
CWIP 3,6832,168189139157166154238175167
Investments 9321,0671,1441,0681,0596231112
Inventories7791,0671,0345552783216598579251,110
Trade Receivables24621524511497603352189254
Cash Equivalents 7198810417877103213165128130
Others Assets1,6261,6841,3531,3521,048919269257459509
Total Assets 9,37210,68711,03910,0939,0778,2104,7014,8195,0455,241

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Cash Flow From Operating Activity 298203409629270-28-196-197388276
PBT 33897-989-1,705-1,729-1,901-3,461-488-1059
Adjustment 1513228381,3641,6531,9203,494489511475
Changes in Working Capital -101-166590970346-46-228-197-17-202
Tax Paid -72-40-1000-1-1-1-1-5
Cash Flow From Investing Activity -2,062-1,643-92912-27-12641-118-83-122
Capex -98-3,151-2,879-36-48-17-48-129-95-145
Net Investments -340-135-772000002
Others -1,6241,6432,02646215689101321
Cash Flow From Financing Activity 1,654790532-815-20673-371186-329-116
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00057-2830-962076450
Interest Paid -118-239-604-966-16-10-118-234-250-243
Dividend Paid 0000000000
Others 1,7721,0291,136939382-156212-14377
Net Cash Flow -110-65112-174373374-130-2439
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Ratios
ROE (%)10.132.54-35.31-140.04N/AN/A0-40.48-11.551.07
ROCE (%)6.113.72-3.29-7.97N/AN/A-62.52-5.674.257
Asset Turnover Ratio0.340.350.560.40.220.160.290.550.851.18
PAT to CFO Conversion(x)1.193.03N/AN/AN/AN/AN/AN/AN/A30.67
Working Capital Days
Receivable Days282414161820961013
Inventory Days899664697277951057861
Payable Days24456095994848473030

JSW Ispat Special Products Ltd Stock News

JSW Ispat Special Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of JSW Ispat Special on 09-Aug-2023 18:01 is ₹38.97.
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 09-Aug-2023 18:01 the market cap of JSW Ispat Special stood at ₹1,829.8.
The latest P/E ratio of JSW Ispat Special as of 09-Aug-2023 18:01 is 0.00.
The latest P/B ratio of JSW Ispat Special as of 09-Aug-2023 18:01 is 4.88.
The 52-week high of JSW Ispat Special is ₹39.25 and the 52-week low is ₹29.51.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Ispat Special is ₹4,780 ( Cr.) .

About JSW Ispat Special Products Ltd

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.

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