JSW Ispat Special Products Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
28.55 -0.50 (-1.72%)

DeciZen - Make an Informed Decision on JSW Ispat Special

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

JSW Ispat Special Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
1,340.6 Cr.
52-wk low :
22.2
52-wk high :
45.5
Bole Toh?

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JSW Ispat Special Products 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 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 1,9572,2773,1861,8271,2381,3831,8792,6384,1886,0616,205
YoY Gr. Rt. %-16.3%39.9%-42.7%-32.2%11.7%35.9%40.4%58.7%44.7%-
Adj EPS 38.28.9-95.7-85.4-84.3-79.3-75.6-10.3-20.3-3.1
YoY Gr. Rt. %--76.7%-1178%NANANANANANANA-
BVPS (₹) 404.8404.8279.929.5-57.1-153.330.920.518.318.416.5
Adj Net Profit 24358.4-630-1,715-1,692-1,593-3,550-485-92.911.9-146
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 -29.10-15.81
Share Price -21.1% -0.3% 32.6% -12%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.52.1-26-131.4610.975.4645.5-28-6.50.9-17.9
Op. Profit Mgn % 24.517.54.3-19.4-6.44.50.2-1.53.47.65
Net Profit Mgn % 12.42.6-19.8-93.9-136.6-115.1-188.9-18.4-2.20.2-2.4
Debt to Equity 2.12.4412.8-7.4-2.81.11.81.81.9-
Working Cap Days 3112921692022973492191471191040
Cash Conv. Cycle 10410257334167747966530

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

Sales growth is good in last 4 quarters at 26.23%

Return on Equity is Poor

Latest Financials - JSW Ispat Special Products Ltd.

Standalone Consolidated
TTM EPS (₹) -3.1 -3.3
TTM Sales (₹ Cr.) 6,205 6,205
BVPS (₹.) 16.5 16.5
Reserves (₹ Cr.) 304 305
P/BV 1.73 1.73
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 22.20 / 45.45
All Time Low / High (₹) 2.00 / 710.00
Market Cap (₹ Cr.) 1,341
Equity (₹ Cr.) 469.6
Face Value (₹) 10
Industry PE 7

Management X-Ray of JSW Ispat Special :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *24.3624.3624.3624.3624.3634.0781.1381.1381.1381.13
* 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 (%)

News

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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