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PSL Ltd (PSL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526801 NSE: PSL Steel & Iron Products | Small Cap | PSL Share Price

₹0.34 0.00 (0.00%)

As on 12-Oct'20 18:01

PSL Ltd (PSL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526801 NSE: PSL Steel & Iron Products | Small Cap | PSL Share Price

₹0.34 0.00 (0.00%)

As on 12-Oct'20 18:01

Key Metrics
Valuation Multiples
Market Cap
₹6 Cr.
Current Price
₹0.3
52-Week Low / High
₹0 / 1
TTM EPS
₹-12.3
TTM Sales
₹158 Cr.
Book Value per Share
₹-240
P/E Ratio
0.00
Industry PE
25.1
Price to Book (P/B)
0.00
Price to Sales (P/S)
0.04
EV/EBITDA
-284.88
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
-6.22%
Return on Assets (ROA)
-6.79%
Operating Profit Margin
-0.8%
Net Profit Margin
-60.99%
Gross Profit Margin
-12.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.72%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
36.90%
Pledged shares (%) of Promoter's holding (%)
45.51%
Reserves
₹-3,123 Cr.
Equity
₹124.9 Cr.
Face Value
₹10
All Time Low / High
₹0.32 / 588.00

PSL stock performance

Key Ratios
mw4me loader

10 Year X-Ray :

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.

Value Creation ⓘ

Mar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % ⓘ10.9%10.6%-6.7%-3.4%-12.6%-52.3%-38.2%-8.9%-6.5%-6.9%-
Value Creation
Index ⓘ		-0.2-0.3NANANANANANANANA-

Growth Parameters ⓘ
Sales ⓘ2,4952,2401,54438514610119.148.280.169.932
Sales YoY Gr.--10.2%-31.1%-75.1%-62%-31.1%-81.1%153.2%66.1%-12.7%-
Adj EPS ⓘ12.19-74.5-54.1-36.2-137.2-48.6-12.2-8-7.8-7.8
YoY Gr.--25.7%-930.4%NANANANANANANA-
BVPS (₹) ⓘ167171.4-23.5-118-68.7-205.7-172.4-184.6-192.5-200.2-203.9
Adj Net
Profit ⓘ		64.548-397-288-358-1,357-608-153-100-96.8-97
Cash Flow from Ops. ⓘ586-452-36772.8-55.212422.3-30.4-2.7-2.4-
Debt/CF from Ops. ⓘ3-6.3-6.9105.5-70.431.4174.4-127.2-1438.1-1615.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-32.8%-13.7%54.3%-12.7%
Adj EPS ⓘ-195.2%NANANA
BVPSⓘ-202%NANANA
Share Price -25.3% -7.4% -12.1% -32%

Key Financial Parameters ⓘ

Mar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on
Equity % ⓘ		7.55.3-95.2-52-610.5174.433.76.94.343.9
Op. Profit
Mgn % ⓘ		15.319.6-2.9-30-58.7-1200.5-2260.8-98.5-16.7-31.1-83.6
Net Profit
Mgn % ⓘ		2.62.1-25.7-74.9-244.9-1346.2-3189-316.9-125.3-138.5-307
Debt to
Equity ⓘ		23.1-20.3-12.2-5.7-1.9-1.8-1.7-1.6-1.5-
Working Cap
Days ⓘ		3574954224,3775,5035,58013,9223,7042,1472,3583,061
Cash Conv.
Cycle ⓘ		1211562383,0524,1843,8404,5111911191222,120

Valuation of PSL - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *45.5145.5145.5145.5145.5145.5145.5145.5145.5145.51
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Sales3,179.922,572.113,017.11771.65299.52275.72109.17167.02215.93225.10
Operating Expenses ⓘ + 2,766.402,085.863,019.33996.44421.251,463.28546.16207.11217.46226.98
Manufacturing Costs376.08337.79264.24167.7775.3467.6760.7952.1462.2358.96
Material Costs2,167.111,546.472,516.01691.86228.071,302.27149.5552.3258.3769.89
Employee Cost 86.8296.87132.7742.6067.5042.3537.3543.6457.5656.55
Other Costs ⓘ 136.39104.74106.3094.2150.3251298.4859.0139.2941.58
Operating Profit ⓘ 413.52486.25-2.22-224.79-121.73-1,187.57-436.99-40.09-1.53-1.89
Operating Profit Margin (%) 13.0%18.9%-0.1%-29.1%-40.6%-430.0%-400.0%-24.0%-0.7%-0.8%
Other Income ⓘ + 27.9716.2119.6244.956.755.745.8011.3012.768.49
Exceptional Items ⓘ 0000-171.720-130.34000
Interest ⓘ 211.64297.67405.1550.6184.4554.4419.0934.9959.0534.14
Depreciation ⓘ 142.61142.02253.28134.74207.88186.59171.74139.24121.66106.36
Profit Before Tax ⓘ 87.2362.77-641.02-365.19-579.03-1,422.86-752.36-203.02-169.48-133.89
Tax ⓘ 34.8418.3018.90-28.2400.270.236.332.093.40
Profit After Tax 52.3944.47-659.92-336.95-579.03-1,423.13-752.60-209.35-171.56-137.30
PAT Margin (%) 1.7%1.7%-21.9%-43.7%-193.0%-516.0%-689.0%-125.0%-79.5%-61.0%
Adjusted EPS (₹)11.20.6-115.0-63.2-58.5-143.0-60.2-16.8-13.7-11.0
Dividend Payout Ratio (%)35.60%643.70%0%0%0%0%0%0%0%0%
PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20

Equity and Liabilities

Shareholders Fund + 944.43961.21393.0628.60-244.50-1,693.77-2,327.88-2,539.98-2,741.15-2,921.10
Share Capital ⓘ 53.3353.3353.3053.3098.9498.94124.93124.93124.93124.93
Reserves ⓘ 891.10907.88339.77-24.70-343.44-1,792.70-2,452.82-2,664.92-2,866.08-3,046.04
Debt +2,143.133,276.545,049.304,927.914,744.473,9874,3244,338.194,397.204,473.64
Long Term Debt790.59667.984,159.114,274.744,006.643,434.483,883.613,870.173,859.983,859.58
Short Term Debt1,352.542,608.55890.19653.17737.83552.52440.39468.02537.22614.06
Minority Interest14.0714.036.21-5.196.2100000
Trade Payables1,479.241,505.48550.92118.38160.4172.3553.8459.8355.8056.79
Others Liabilities ⓘ 395.31665.25276.23627.83665.05749.26345.98356.94370.53350.32
Total Liabilities ⓘ 4,976.196,422.506,275.725,697.535,331.643,114.842,395.942,214.982,082.381,959.65

Fixed Assets

Net Fixed Assets ⓘ +1,440.071,716.122,810.332,731.392,647.771,799.181,643.361,504.711,379.941,274.22
Gross Block2,033.092,461.753,809.233,864.683,931.553,269.333,285.253,285.743,278.793,279.43
Accumulated Depreciation593.02745.62998.901,133.291,283.781,470.151,641.891,781.031,898.852,005.21
CWIP ⓘ 212323.03168.82127.9982.4291.8380.9577.617368.90
Investments ⓘ 4.594.893.283.283.28133.633.283.283.283.28
Inventories2,016.942,605.021,856.131,585.151,571.80182.0353.9848.3661.0751.19
Trade Receivables529.64875547.28450.40399.52320.4359.5758.2859.2747.94
Cash Equivalents 259.42348.70188.69158.2174.5740.8712.8811.1315.3518.68
Others Assets ⓘ 513.51549.73701.19641.10552.28546.87541.91511.61490.47495.43
Total Assets ⓘ 4,976.196,422.506,275.725,697.535,331.643,114.842,395.942,214.982,082.381,959.65
PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Cash Flow From Operating Activity ⓘ + 622.51110.80-905.75170.5593.63126.79-6.72-27.02-16.88-50.91
PBT ⓘ 87.2362.77-641.02-365.19-579.03-1,423.13-622.02-203.02-169.48-133.89
Adjustment ⓘ 296.30439.53141.71194.90282.68241.03239.01154.39147.6689.34
Changes in Working Capital ⓘ 270.9-359.89-378.21276.72436.991308.88376.2821.629.11-6.36
Tax Paid ⓘ -31.92-31.61-28.2364.12-47.0200000
Cash Flow From Investing Activity ⓘ + -185.70-518.48-656.83-19.74-88.86-5.92-2.3419.5913.2211.93
Capex -193.55-529.09-679.27-77.52-124.29-16.69-15.93-0.607.723.44
Net Investments -0.09-0.301.610000000
Others ⓘ 7.9410.9220.8357.7835.4410.7613.5820.195.508.49
Cash Flow From Financing Activity ⓘ + -457.91496.961,402.56-181.29-88.41-143.372.187.117.8842.30
Net Proceeds from Shares ⓘ 0.02006.89165.9702.28-000
Net Proceeds from Borrowing ⓘ 00000-87.5821.7637.54-2.26-0.40
Interest Paid ⓘ -160.44-308.43-416.13-51.53-78.56-55.79-19.09-34.99-59.05-34.14
Dividend Paid ⓘ -37.29-35.1000000000
Others ⓘ -260.20840.491,818.69-136.65-175.820-2.764.5769.2076.84
Net Cash Flow ⓘ -21.1089.28-160.01-30.48-83.64-22.50-6.88-0.334.223.33
PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Ratios
ROE (%)5.624.67-157.070N/AN/AN/AN/AN/AN/A
ROCE (%)8.989.13-4.89-6.61N/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.680.490.510.130.060.070.040.070.10.11
PAT to CFO Conversion(x)11.882.49N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days57.4091.3079.40233.80509.60474.80635.20128.2099.4086.90
Inventory Days205.50300.40249806.501,892.901,156.50394.50111.4092.5091
Payable Days174.80352.20149.20176.60223.1032.60154396.50361.50294

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Announcements

PSL Ltd FAQs

The current trading price of PSL on 12-Oct-2020 18:01 is ₹0.34.

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 11-Oct-2020 the market cap of PSL stood at ₹6.25 Cr

The latest P/E ratio of PSL as of 11-Oct-2020 is 0.00.

The latest P/B ratio of PSL as of 11-Oct-2020 is 0.00.

The 52-week high of PSL is ₹0.50 and the 52-week low is ₹0.49.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PSL is ₹31.66 ( Cr.) .

Data is not available for this company.

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

No data found

About PSL Ltd

PSL incorporated as PSL Holdings is engaged in the business of manufacturing of pipes and undertakes turnkey projects. In India, the company has become the largest producer/manufacturer of HSAW pipes with a production capacity exceeding 1 million ton mark.

Company has set up its first international pipe manufacturing plant in Saharjah in UAE with a manufacturing capacity of 75000 MT.

The company has subsidiaries namely PSL Corrosion Control Services, Pipeline Systems, PSL FZE –UAE, PSL USA Inc and PSL North America LLC.

Business Areas

Pipe Manufacturing- PSL is among the leading manufacturers of pipe in Asia. Company owns 12 pipe mills located at Chennai, Kandla Vishakapatnam, Ahmedabad, Jaipur, Daman and Sharjah. Its annual manufacturing capacity is 1,175,000 MT. Company manufactures and supplies Spiral Weld Pipes that are used in various sectors such as oil, gas and water transmission as well as structural and piling applications for both onshore and offshore. Company manufactures API / IS Grade pipes ranging from 406 mm to 3175 mm. The annual mill capacity is around 75000 MT per mill.

Turnkey Projects: PSL is fully geared up to associate with you for setting up Pipe Manufacturing & Pipe coating Plants from the Green Field Stage.   Design & Engineering:PSL has a fully-equipped and adequately manned in-house Project Engineering Department having Technical collaboration with renowned Design & Engineering firms from Germany & Italy.

In addition to technical support for the latest Technologies from collaborators, PSL’s Project Engineering Department is regularly in contact with its plant operators to constantly upgrade and improve systems and technologies.   Easy & Early installation & commissioning:   With its rich experience in Spiral Pipe Manufacturing and coatings, PSL can install and commision the plants with equipments and machines earlier than others.

PSL’s experienced backup support will bring customers’ plants in commercial production fastest.   Training support

PSL can also provide on the job practical training to Customers’ Engineers/Operators on a fully operational plant in one of PSL’S running factories.

PSL is not only a Designer & Manufacturer of Pipe manufacturing & Pipe Coating plants, but also has the unique capability of Commissioning and demonstrating assured production quantity; drawing operational expertise from its own running plants.

Pipe coating-  On the forefront of mechanized yard coating in India and abroad, PSL’s strength lies in its commitment to quality and ability to implement diverse projects efficiently.

Equipped to provide the best in yard coating for large onshore and offshore projects, PSL has over the years successfully executed multiple coating assignments simultaneously, while adhering to its commitment to quality and project completion deadlines.

Range of coating services available for the most stringent of pipe-coating applications

  • Polyethylene (PE)
  • Coal tar enamel (CTE)
  • Fusion-bonded epoxy (FBE)
  • Concrete weight coating (CWC)
  • Internal coatings

Anodes-Company designs, manufactures and installs sacrificial aluminium and zinc anodes for offshore applications such as refineries, petrochemicals, power plants, fertilizers, metallurgical industries and shipping. Company manufactures range of anodes such as bracelet, segmented bracelet, tapered anodes, stand-off and flush type.Bends- Induction Bends/Spools and air/steam rings are manufactured by the process of induction heating in Technical Collaboration with premier Korean induction pipe-bending company, Sung Il Machinery Industrial Company LTD (SIM), meeting diverse high quality requirements in accordance with ASTM, API, DIN, BS, ANSI, ASME PFI and other international technical specifications. The Bending Unit is approved by EIL, Shell Global and Saudi Aramco.

Rebar Coating: Fusion bonded epoxy coating, commonly referred as FBE coating is widely used to protect concrete reinforcing rebars, steel pipes, piping connections, etc used in construction. FBE coatings are in the form of dry powder at normal atmospheric temperature. The powder when applied electrostatically on to the surface cleaned, hot steel bars, that it fuses, melts, flows and cures to an adherent continuous chemically cross linked protective film. FBEC is used to protect reinforcing steel in concrete in the most adverse environments that are prone to corrosion over the last 35 yrs in all over the world and for the last 18 yrs in India

Milestones:

  • 1985-Sets up 124800 m2 3-LPE pipe coating plant in Gandhidham - Kutch (Gujarat)
  • 1987- Sets up 149760 m2 CTE pipe coating plant in Gandhidham - Kutch (Gujarat)
  • 1988- Sets up 46800 tonnes CWC pipe coating plant in Gandhidham - Kutch (Gujarat)
  • 1989- Sets up 300km CTE pipe coating plant in Daman (U.T.)
  • 1989-Sets up 600km 2/3 Layer PE pipe coating plant in Daman (U.T.)
  • 1993- Sets up 46800 tonnes CWC pipe coating plant in Gandhidham  Kutch (Gujarat)
  • 1994- Sets up 18,000 m2 Fusion bonded Epoxy powder Rebar coating plant in Daman (U.T.)-Sets up 10,00,000 m2 Outerwrap plant in Daman (U.T.)-Sets up 2200 tonnes Wiremesh plant in Daman (U.T.)- Sets up 20,00,000 m2 CTE pipe coating plant in VizagSets up 60,000 m3 CWC pipe coating plant in Vizag
  • 1995- Sets up 15,00,000 m2 3LPE pipe coating plant in Vizag
  • 1996-Sets up 100 Nos Mobile Cranes Mfg. plant in Daman (U.T.)-Sets up 75,000 tonnes MS Saw Pipe plant in Vaiyavoor - Chennai (Tamil Nadu)
  • 1997-Sets up 1,50,000 tonnes MS Saw Pipe plant in Nani Chirai - Kutch (Gujarat)-Sets up 75,000 m2 CTE pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)-Sets up 70,000 m2 CML Internal pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  • 1998-Sets up 2000km CML pipe coating plant in Varsana - Kutch (Gujarat)
  • 1999-Sets up 2500km CTE pipe coating plant in Nani Chirai - Kutch (Gujarat)
  • 2000-Sets up 1200 tonnes Epoxy & Resin plant in Daman (U.T.)-Sets up1,50,000 tonnes Pipes mill in Daman (U.T.)-Sets up 30,000 m2 Fusion bonded Epoxy powder Rebar coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  • 2001-Sets up 1,50,000 tonnes MS Saw Pipe plant in Varsana - Kutch (Gujarat)Sets up 7,50,000 m2 Internal Coating Plant in Vizag-Sets up 70,000 m2 Internal Epoxy pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  •  2002-Sets up 1200km CWC pipe coating plant in Daman (U.T.) -Sets up 1200km CML pipe coating plant in Daman (U.T.)-Sets up 15,00,000 m2 3-LPE pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)-Sets up 15,00,000 m2 Fusion bonded Epoxy pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  •  2003-Sets up 12,000 tonnes Rebar coating plant in Vizag--Sets up 75,000 tonnes MS Saw Pipe plant in Vizag
  •  2004-Set up Projects Division in Daman (U.T.)  Sets up 7,50,000 m2 CML pipe coating plant in Vizag
  •  2005-Sets up 2,00,000 tonnes Iron ORE Crushing plant in Nani Chirai - Kutch (Gujarat)Sets up 3,50,000 tonnes MS Saw Pipe plant in Varsana - Kutch (Gujarat) Sets up 2000km FBE, 3LPE, 3LPP, ICP internal & external pipe coating plant in Varsana - Kutch (Gujarat)Sets up 149760 m2 CTE pipe coating plant in Gandhidham - Kutch (Gujarat)Sets up 1,50,000 tonnes MS Saw Pipe plant in Mahudi - Gandhinagar (Gujarat)
  •  2007-Sets up 7200 m2 internal coating plant in Gandhidham - Kutch (Gujarat)Set up of 150000 tonnes MS Saw pipe Plant in Phagi Jaipur (Rajastan) for 18' Dia to 120' Dia Spiral PipeSet up 5184000 m2 polyolefin Tape coating plant Phagi Jaipur (Rajastan) for 100' Dia Pipe with weld removing systemSet up 60,000 tonnes MS Saw API-5L Pipe plant in Hamrivah (Sharjah)Sets up 350 m2 per hours 3-LPE pipe coating plant in in Hamrivah (Sharjah)Sets up 250 m2 per hours internal Liquid paint pipe coating plant in in Hamrivah (Sharjah)Sets up 150 m2 per hours CWC pipe coating plant in in Hamrivah (Sharjah)Sets up 50,000 m2 3LPE pipe coating plant in Peddapuram, Kakinada (Andhra Pradesh)Sets up 85,000 m3 CWC pipe coating plant in Peddapuram, Kakinada (Andhra Pradesh)
  •  2008-Sets up 52,56,000 m2 3-LPE pipe coating plant in Mahudi - Gandhinagar (Gujarat)- Sets up 300,000 tons MS Saw Pipe plant in Bay St. Louis, MS, USA.

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