Nova Iron & Steel Ltd - Stock Valuation and Financial Performance

BSE: 513566 | NSE: NOVAIRNSTL | Steel & Iron Products | Small Cap

Nova Iron & Steel Share Price

22.43 -1.18 -5.00%
as on 07-Oct'24 16:01

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Nova Iron & Steel stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
81.1 Cr.
52-wk low:
17.8
52-wk high:
39.7

Is Nova Iron & Steel Ltd an attractive stock to invest in?

1. Is Nova Iron & Steel Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nova Iron & Steel Ltd is a below average quality company.

2. Is Nova Iron & Steel Ltd undervalued or overvalued?

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

3. Is Nova Iron & Steel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nova Iron & Steel 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 Nova Iron & Steel:

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.
Nova Iron & Steel 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 2.5%0.9%4.2%3.7%0.3%-12.2%2%5.1%7.4%-39.6%-
Value Creation
Index
-0.8-0.9-0.7-0.7-1.0NANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9.115.653.319.63.652.2345605698564506
Sales YoY Gr.-70.9%241.7%-63.2%-81.6%1,346.3%560.4%75.6%15.3%-19.2%-
Adj EPS -1.7-1.60.70.6-0.6-14.1-3.3-4.2-0.8-13.3-18
YoY Gr.-NANA-12.5%-196.8%NANANANANA-
BVPS (₹) 7.96.67.38.28.3-6.1-9.2-13.4-14.6-43-41.8
Adj Net
Profit
-6.1-5.92.62.3-2.2-50.8-11.9-15-2.8-48-65
Cash Flow from Ops. 0.612.733.3-2.9-48.39.2183.418.3-10.5-
Debt/CF from Ops. 314.315.26-81.5-735.817.39718.1-38-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 58.1%174.6%17.8%-19.2%
Adj EPS NANANANA
BVPS-220.7%-238.8%NANA
Share Price 3.3% 43.1% 17.2% 13.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-20.7-22.310.48.2-7.4-1277.743.136.85.446.142.5
Op. Profit
Mgn %
-5.26.719.643.3-92.9-68.82.32.63.70.52.2
Net Profit
Mgn %
-67.2-37.54.911.6-61-97.3-3.5-2.5-0.4-8.5-12.9
Debt to
Equity
68.17.58.111.2-14.8-9.4-6.8-6.3-2.6-
Working Cap
Days
9997811984656,0284357986807226
Cash Conv.
Cycle
-50115542-352,200-56-68-20-51-16

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 42.50%

Sales growth is growing at healthy rate in last 3 years 17.81%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -27.06%

Latest Financials - Nova Iron & Steel Ltd.

Standalone Consolidated
TTM EPS (₹) -18 0.6
TTM Sales (₹ Cr.) 506 19.6
BVPS (₹.) -41.8 0
Reserves (₹ Cr.) -187 -7
P/BV -0.54 0.00
PE 0.00 35.58
From the Market
52 Week Low / High (₹) 17.77 / 39.69
All Time Low / High (₹) 2.05 / 50.05
Market Cap (₹ Cr.) 81.1
Equity (₹ Cr.) 36.1
Face Value (₹) 10
Industry PE 32.8

Management X-Ray of Nova Iron & Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nova Iron & Steel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales9.1215.5953.2719.613.6152.21344.81605.40698.09563.80
Operating Expenses 9.6014.5842.8911.126.9689.14337.03589.68672.48561.23
Manufacturing Costs2.241.916.523.122.4823.7831.7768.8784.5597.05
Material Costs3.8411.9537.912.400.1856.05293.05509.98575.67437.77
Employee Cost 2.482.494.194.462.997.046.707.158.3512.01
Other Costs 1.04-1.78-5.731.141.312.285.503.683.9014.40
Operating Profit -0.481.0210.388.48-3.35-36.937.7815.7225.612.56
Operating Profit Margin (%) -5.2%6.5%19.5%43.3%-92.9%-70.7%2.3%2.6%3.7%0.5%
Other Income 0.180.120.161.591.663.036.698.434.135.17
Interest 6.026.026.676.790.370.200.5924.9617.3024.61
Depreciation 1.691.331.191.020.917.338.719.939.9145.13
Exceptional Items 5.912.03003.640000.87-65.45
Profit Before Tax -2.09-4.182.682.270.67-41.425.18-10.743.41-127.46
Tax -0.100.260.12-0.010.0510.1117.094.045.20-33.66
Profit After Tax -1.99-4.452.572.280.62-51.54-11.91-14.78-1.79-93.80
PAT Margin (%) -21.8%-28.5%4.8%11.6%17.2%-98.7%-3.5%-2.4%-0.3%-16.6%
Adjusted EPS (₹)-0.6-1.20.70.60.2-14.3-3.3-4.1-0.5-26.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 28.5923.8326.4029.4730.16-22.20-33.09-48.57-52.68-155.45
Share Capital 36.1436.1436.1436.1436.1436.1436.1436.1436.1436.14
Reserves -7.55-12.31-9.74-6.67-5.98-58.34-69.23-84.71-88.82-191.59
Minority Interest0000000000
Debt171.64192.88197.80239.37338.30329.32311.48331.88312.71363.42
Long Term Debt0000000162.29312.71318.77
Short Term Debt171.64192.88197.80239.37338.30329.32311.48169.59044.64
Trade Payables19.0913.435.534.2915.3584.71129.58122.9389.3432.10
Others Liabilities 52.4184.1889.2084.5481.5427.3980.25131.68149.5555.40
Total Liabilities 271.73314.31318.92357.66465.35419.21488.22537.92498.92295.47

Fixed Assets

Gross Block273.05276.75276.76276.76276.82603.30603.71602.65612.63619.02
Accumulated Depreciation211.32212.64213.83214.85215.75223.08231.80241.73251.64443.49
Net Fixed Assets61.7364.1062.9361.9261.07380.22371.92360.92361175.52
CWIP 179.91206.14237.06262.10315.41000025.62
Investments 0.310.280.281.441.441.443.163.162.742.62
Inventories13.4728.296.143.8740.036.8968.67119.2478.5720.01
Trade Receivables000.238.433.092.783.360.630.8120.61
Cash Equivalents 0.380.410.550.150.360.091.101.560.952.74
Others Assets15.9315.0911.7419.7543.9527.7940.0152.4054.8448.35
Total Assets 271.73314.31318.92357.66465.35419.21488.22537.92498.92295.47

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.5512.7233.26-2.94-48.309.1918.043.4218.25-10.45
PBT -2.09-4.182.682.270.67-41.425.14-10.743.41-127.46
Adjustment 7.677.317.797.761.317.118.2233.8425.07125.79
Changes in Working Capital -5.039.5922.79-12.97-50.2743.655.15-19.48-10.33-6.75
Tax Paid 00000-0.15-0.47-0.200.10-2.04
Cash Flow From Investing Activity -88.48-27.92-31.37-32.26-50.08-3.82-0.400.65-1.32-31.43
Capex -0.83-3.70-0.020-0.06-11.06-0.42-0.01-8.95-36.33
Net Investments 00.03-0.5000-0.06-0.03-0.3200.13
Others -87.65-24.25-30.86-32.25-50.027.300.050.997.634.77
Cash Flow From Financing Activity 87.6115.22-1.7434.7998.58-5.67-16.81-3.90-17.0443.66
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000000-16.9644.24
Interest Paid -6.01-6.01-6.66-6.78-0.35-0.020.51-240-0.50
Dividend Paid 0000000000
Others 93.6221.234.9241.5798.93-5.65-17.3220.09-0.08-0.08
Net Cash Flow -0.330.020.15-0.400.21-0.290.830.17-0.121.79
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-6.74-16.9610.228.162.09N/AN/AN/AN/AN/A
ROCE (%)2.540.884.243.670.33N/AN/AN/AN/AN/A
Asset Turnover Ratio0.040.060.180.060.010.120.761.181.351.42
PAT to CFO Conversion(x)N/AN/A12.94-1.29-77.9N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days00180583213107
Inventory Days399448111932,22116440575232
Payable Days1,519497917480326133906751

Nova Iron & Steel Ltd Stock News

Nova Iron & Steel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nova Iron & Steel on 07-Oct-2024 16:01 is ₹22.43.
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 07-Oct-2024 16:01 the market cap of Nova Iron & Steel stood at ₹81.06.
The latest P/E ratio of Nova Iron & Steel as of 07-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Nova Iron & Steel as of 07-Oct-2024 16:01 is -0.54.
The 52-week high of Nova Iron & Steel is ₹39.69 and the 52-week low is ₹17.77.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nova Iron & Steel is ₹506.5 ( Cr.) .

About Nova Iron & Steel Ltd

Nova Iron & Steel was incorporated in the year 1989.  The company is promoted by Nova Magnetics, Nova Electro-Magnetics and Nova Steels, all belonging to R.K. Gambhir and G. K. Gambhir of the Nova RG group. The registered office is at Dagori village, Belha tehsil, Bilaspur - 495224, Chattisgarh.

The company engages in the manufacture and sale of sponge iron in India. The company also provides product separation, screening, and storage facilities. During the year 1993-94, the company came out with a public issue of 5, 27, 00,000 equity shares of Rs 10 each for cash to part finance their sponge iron project at Bilaspur, Madhya Pradesh. In July 15, 1994, the company inaugurated the sponge iron plant at Bilaspur. In September 26, 1994, they started trial production.

The company entered into agreement with Nova Steels (India) for the supply of entire production of sponge iron. During the year 1994-95, the company started selling their products in the market. The company’s project is one of the initial coal-based Sponge Iron Projects in India with the Technical knowhow from Lurgi Chemie MetaHurgie Industriebau GmbH, Germany.  The company was declared a sick industrial unit by the Board for Industrial and Financial Reconstruction (BIFR) vide its order dated June 23, 1998 and continues to be registered with BIFR.

The entire one-time settlement amount has been paid off, and there are no secured loans and thus no interest burden now. The company has started generating profits and the management is focusing on an expansion plan.

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