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Stelco Strips Ltd Stock Analysis

Small Cap
Evaluated by 32 users | BSE: 513530 | NSE: |
Steel & Iron Products
Stelco Strips Ltd, a Stelco Group company was incorporated on January 10,1988.It is engaged in the manufacturing of Steel Strips, Steel Sheets, G.P. & G.C.Sheets.The company has commissioned Continuous Galvanising Line (CGL) having annual capacity of 60,000 tones for the manufacture of G.P...

Analysis of Financial Track Record

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'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12TTM
Return on Capital Employed 3.02%10.16%15.78%11.97%12.38%11.99%9.43%-3.78%-52.34%-9.72%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 60.38012114117418324621744.38.90
Y-o-Y Gr. Rt.-32.7%51.8%16.4%23.2%5.3%34.3%-11.8%-79.6%-79.9%-
Adjusted EPS (Rs.) 0.722.415.134.765.985.614.48-11.69-58.17-6.22-0.18
Y-o-Y Gr. Rt.-234.7%112.9%-7.2%25.6%-6.2%-20.1%-360.9%NANA-
Book Value per Share (Rs.) 28.2723.2427.932.6638.2140.7344.632.62-26.19-32.52-38.45
Adjusted Net Profit 0.51.73.53.64.554-10.5-52.2-5.60
Net Op. Cash Flow (Rs. Cr.) -21.12.6-0.64.61.31.7-12.3-9.12.8-
Debt to Cash Flow from Ops -9.039.846.18-55.799.9850.3942.12-7.34-9.229.63-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Stelco Strips Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -19.2%-44.8%-67%-79.9%
Adjusted EPS -227.1%-200.8%-211.6%NA
Book Value per Share -201.6-196.8-1900
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12TTM
Return on Equity (%) 2.5810.8420.0416.4216.7415.2210.48-30.27-1806.8721.190.51
Operating Profit Margin (%) 2.515.255.515.616.978.326.330.05-96.13-36.630
Net Profit Margin (%) 0.822.072.92.552.62.751.64-4.83-117.95-62.830
Debt to Equity 0.920.710.851.431.591.761.833.08-3.56-2.86-
Working Capital Days 103846083102131133148452910-
Cash Conversion Cycle 36242132457591123380363-
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Entity Percentage Holding
Promoters 45.80%
Non-Institutions 54.20%
Pledged *89.8389.8389.8389.8389.8389.8389.8389.8389.8389.83
* Pledged shares as % of Promoter's holding (%)
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Stelco Strips Ltd, a Stelco Group company was incorporated on January 10,1988.It is engaged in the manufacturing of Steel Strips, Steel Sheets, G.P. & G.C.Sheets.

The company has commissioned Continuous Galvanising Line (CGL) having annual capacity of 60,000 tones for the manufacture of G.P & G.C. Sheets adjoining to its manufacturing line of Wider Width Cold Rolling at Doarha. The main Raw Material required for this Galvanized project is Wider Cold Rolled Steel Sheets which is

Stelco Strips Ltd, a Stelco Group company was incorporated on January 10,1988.It is engaged in the manufacturing of Steel Strips, Steel Sheets, G.P. & G.C.Sheets.

The company has commissioned Continuous Galvanising Line (CGL) having annual capacity of 60,000 tones for the manufacture of G.P & G.C. Sheets adjoining to its manufacturing line of Wider Width Cold Rolling at Doarha. The main Raw Material required for this Galvanized project is Wider Cold Rolled Steel Sheets which is being produced by their company itself at its existing facilities at Doarha.  Their Cold Rolled Steel Strips/Coils have now wide acceptance from both domestic and overseas market segment of Cycle, Automobile, Hardware, Galvanizing, Containers, and General Engineering Industry.

Unit No.1 Consistent quality of narrow width Cold Rolled Steel Strips in the thickness ranging from 0.38 mm to 5.00 mm and the width range up to 500 mm is being produced by 2 (two) 4 Hi Rolling Mills having production capacity of 25000 M.T. per annum at company's Unit No.1 at C-122, phase V, Focal point, Ludhiana. This unit caters to Automobile, General Engineering Sector, Cycle Industries & Hardware.  

Unit No.2 Its customer base has been expanded with the successful commissioning and stabilizing of operations from Unit No. II of the company at Village Jaspalon, Doraha which is engaged in the manufacturing of wider width Cold Rolled Steel Strips in the thickness range of 0.12 mm to 2.00 mm and width range up to 1000 mm. It has running production capacity of 1,00,000 MT per annum. The main production shed of this plant spread over an area of 1,00,000 Sq.ft. A reversing 4 HI-I HI Japan make Cold Rolling Mill, equipped with hydraulic AGC System & Modernized PLC along with fully automated critical processes and auxiliary Lines.

Product range of the company includes:

  • Cold Rolled Steel Coils/ Sheets
  • H.R. Pickled/ Skin Passed & Oiled
  • Galvanized Steel Coil/ Sheets

Achievements/ recognition:

  • An  ISO 9001-2000 certified company
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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