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NewMalayalam Steel Ltd (NMSTEEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: NMSTEEL Steel & Iron Products | Small Cap | NewMalayalam Steel Share Price

BSE Share Price
Not Listed

NewMalayalam Steel Ltd (NMSTEEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: NMSTEEL Steel & Iron Products | Small Cap | NewMalayalam Steel Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹41 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.1
TTM Sales
₹320 Cr.
Book Value per Share
₹49.4
P/E Ratio
5.73
Lower than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
0.47
Lower than its 5-year historical median
Price to Sales (P/S)
0.13
Lower than its 5-year historical median
EV/EBITDA
2.70
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
7.42%
Underperforms industry median
Return on Capital Employed (ROCE)
9.64%
Underperforms industry median
Return on Assets (ROA)
3.92%
Operating Profit Margin
2.3%
Net Profit Margin
1.45%
Gross Profit Margin
2.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.33%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-8.49%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
3.28%
Asset Quality
Promoter Holding
73.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹68 Cr.
Equity
₹17.3 Cr.
Face Value
₹10
All Time Low / High
- / -

NewMalayalam Steel stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is NewMalayalam Steel Ltd a good quality company?
NewMalayalam Steel Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does NewMalayalam Steel Ltd performance compare with that of its Peers?
Q.1 Revenue growth of NewMalayalam Steel Ltd vs industry peers?
NewMalayalam Steel Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of NewMalayalam Steel Ltd?
Promoters hold 73.02% of the NewMalayalam Steel Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of NewMalayalam Steel Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -22.58% based on the current price.
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10 Year X-Ray : Login to view analysis.

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.
NewMalayalam Steel Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ21.5%16.8%15.5%10.9%9.6%-
Value Creation
Index ⓘ		0.50.20.1-0.2-0.3-

Growth Parameters ⓘ
Sales ⓘ300318355300304320
Sales YoY Gr.-6%11.6%-15.4%1.3%-
Adj EPS ⓘ5.95.34.42.42.34.1
YoY Gr.--9.4%-17.3%-45.9%-1.7%-
BVPS (₹) ⓘ18.623.928.63245.349.4
Adj Net
Profit ⓘ		7.46.75.634.17
Cash Flow from Ops. ⓘ12-3.731.1-21.925.6-
Debt/CF from Ops. ⓘ3-13.20.9-2.70.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA-1.5%1.3%
Adj EPS ⓘNANA-24%-1.7%
BVPSⓘNANA23.8%41.6%
Share Price - - - -19.4%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		31.725.116.87.86.88.6
Op. Profit
Mgn % ⓘ		3.12.32.12.52.3NAN
Net Profit
Mgn % ⓘ		2.52.11.611.32.2
Debt to
Equity ⓘ		1.61.60.81.50.2-
Working Cap
Days ⓘ		0646585850
Cash Conv.
Cycle ⓘ		0413855610

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales300.05317.92354.80300.16304.16
Operating Expenses ⓘ + 290.71310.57347.40292.63297.27
Manufacturing Costs4.053.865.190.190.18
Material Costs281.21301.08336.29286.91292.38
Employee Cost 3.363.534.441.211.72
Other Costs ⓘ 2.102.101.484.312.99
Operating Profit ⓘ 9.347.357.407.546.90
Operating Profit Margin (%) 3.1%2.3%2.1%2.5%2.3%
Other Income ⓘ + 4.775.695.162.994.20
Exceptional Items ⓘ 00000
Interest ⓘ 3.302.673.053.293.44
Depreciation ⓘ 1.271.321.451.561.64
Profit Before Tax ⓘ 9.549.048.055.676.02
Tax ⓘ 1.902.312.051.401.61
Profit After Tax 7.646.7364.274.41
PAT Margin (%) 2.6%2.1%1.7%1.4%1.5%
Adjusted EPS (₹)6.05.34.83.42.6
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of NewMalayalam Steel - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 23.4730.2036.2040.4778.34
Share Capital ⓘ 12.6512.6512.6512.6517.29
Reserves ⓘ 10.8217.5523.5627.8261.06
Debt +31.5544.1622.7554.3715.34
Long Term Debt17.7517.0612.097.633.01
Short Term Debt13.7927.1010.6646.7412.33
Minority Interest00000
Trade Payables0.196.4617.788.586.78
Others Liabilities ⓘ 9.269.2010.6212.828.14
Total Liabilities ⓘ 64.4790.0287.35116.25108.60

Fixed Assets

Net Fixed Assets ⓘ +19.7920.6421.5320.3219.57
Gross Block24.0926.2528.5128.8729.75
Accumulated Depreciation4.305.626.988.5410.18
CWIP ⓘ 0.522.140.300.548.30
Investments ⓘ 00000
Inventories13.2433.2236.6447.5425.68
Trade Receivables13.0718.2810.6621.1825.74
Cash Equivalents 0.030.116.8012.9120.25
Others Assets ⓘ 17.8115.6311.4213.769.07
Total Assets ⓘ 64.4790.0287.35116.25108.60

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 12.03-3.7331.09-21.9225.56
PBT ⓘ 9.549.048.055.676.02
Adjustment ⓘ 4.493.984.203.994.12
Changes in Working Capital ⓘ -0.21-14.4220.98-29.716.73
Tax Paid ⓘ -1.79-2.33-2.14-1.88-1.31
Cash Flow From Investing Activity ⓘ + -0.72-3.78-0.62-0.02-7.52
Capex -0.62-3.78-0.51-0.59-8.64
Net Investments 00000
Others ⓘ -0.100.01-0.100.571.12
Cash Flow From Financing Activity ⓘ + -11.307.57-23.7827.92-10.77
Net Proceeds from Shares ⓘ 200033.46
Net Proceeds from Borrowing ⓘ -5.0817.1010.170-4.62
Interest Paid ⓘ -3.22-2.66-2.73-3.04-3.43
Dividend Paid ⓘ 00000
Others ⓘ -5-6.87-31.2230.96-36.18
Net Cash Flow ⓘ 0.010.076.695.987.27

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)32.5425.0818.0911.137.42
ROCE (%)21.4516.8315.4510.949.64
Asset Turnover Ratio4.654.124.012.972.72
PAT to CFO Conversion(x)1.57-0.555.18-5.135.8
Working Capital Days
Receivable Days15.901814.9019.2028
Inventory Days16.1026.6035.9050.8043.70
Payable Days0.20413.2016.809.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NewMalayalam Steel Ltd FAQs

The current trading price of NewMalayalam Steel 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 31-Dec-1969 the market cap of NewMalayalam Steel stood at ₹40.54 Cr

The latest P/E ratio of NewMalayalam Steel as of 31-Dec-1969 is 5.73.

The latest P/B ratio of NewMalayalam Steel as of 31-Dec-1969 is 0.47.

The 52-week high of NewMalayalam Steel is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NewMalayalam Steel is ₹320 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that NewMalayalam Steel Ltd is a average quality company.

The key valuation ratios of NewMalayalam Steel Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NewMalayalam Steel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About NewMalayalam Steel Ltd

NewMalayalam Steel Limited was incorporated on March 31, 2017 as ‘NewMalayalam Steel Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Deputy Registrar of Companies, Registrar of Companies, Central Registration Centre. Further, the company was converted into a public limited company pursuant to a resolution passed by Board of Directors in their meeting held on December 15, 2023 and by its Shareholders in an Extraordinary General Meeting held on December 19, 2023 and consequently the name of the company was changed to ‘NewMalayalam Steel Limited’ and a fresh certificate of incorporation dated February 1, 2024 was issued by the Registrar of Companies, Central Processing Centre.

The company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets. Owing to the consistent efforts of its Promoters, it has been able to create a brand presence in Kerala, under the name of ‘Demac Steel’. Its products find extensive application in the general households of Kerala. Galvanised pipes and tubes are used for building the roofs to reduce heat and avoid leakage, further the galvanisation process offers an added advantage of increasing the life of the product and enhancing its quality by making it rust-free. Its products are therefore manufactured to provide an effective solution to the continuous damage caused to houses in Kerala on account of inclement weather condition. Accordingly, its products experience a constant demand on account of being an indispensable raw material in the construction industry in Kerala. In order to market and sell its products, it has established a widespread dealer base in Kerala through which it sells its products to local contractors and retailers.

Business area of the company

The company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets.

Products of the company 

  • GP Pipes
  • GI Pipes
  • Coil
  • Sheet
  • Slit

Awards and accreditations

  • 2018: The company was recognised as one of the best companies by Kerala Financial Corporation.
  • 2018-19: The company was recognised for its valued association in Nation Building & Partners in Growth for the year 2018-19 by Steel Authority of India Limited (SAIL)
  • 2019: Its Director, V. D. Varghese was presented with National Award for ‘Outstanding Entrepreneur’ for the company, by Council of State Industrial Development and Investment Corporation of India (COSIDICI).
  • History and milestones
  • 2017: Pursuant to an agreement to sell business undertaking dated August 7, 2017 executed between the company and M/s. Demac Steel formerly known as Malayalam Steel Tubes, all the assets and liabilities of M/s. Demac Steel were taken over on a going concern basis.
  • 2018: The company installed an electric resistance welding tube mill of an installed capacity of 3,500 MT in its manufacturing unit.
  • 2019: The company installed an electric resistance welding tube mill of an installed capacity of 4,000 MT in its manufacturing unit.
  • 2022: The company installed a solar plant of an installed capacity of 489.77 kWp at Survey No. 262/3- 29 in Poyya Village and Kodungallur Taluk; Building No.2/546 of Poyya Panchayath.

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