Stelco Strips Ltd - Stock Valuation and Financial Performance

Name: Stelco Strips
Brand: Stelco Strips

BSE: 513530 | NSE: | Steel & Iron Products | Small Cap

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Data

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Stelco Strips stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

3.7 Cr.

52-wk low:

4.1

52-wk high:

4.1

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1. Is a good quality company?

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2. Is undervalued or overvalued?

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3. Is a good buy now?

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10 Year X-Ray of Stelco Strips:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	TTM
ROCE % ⓘ	3%	10.2%	15.8%	12%	12.4%	12%	9.4%	-3.8%	-52.3%	-9.7%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	60.3	80	121	141	174	183	246	217	44.3	8.9	0
Sales YoY Gr.	-	32.7%	51.8%	16.4%	23.2%	5.3%	34.3%	-11.8%	-79.6%	-79.9%	-
Adj EPS ⓘ	0.7	2.4	5.1	4.8	6	5.6	4.5	-11.7	-58.2	-6.2	-0.2
YoY Gr.	-	234.7%	112.9%	-7.2%	25.6%	-6.2%	-20.1%	-360.9%	NA	NA	-
BVPS (₹) ⓘ	28.3	23.2	27.9	32.7	38.2	40.7	44.6	32.6	-26.2	-32.5	-38.5
Adj Net Profit ⓘ	0.5	1.7	3.5	3.6	4.5	5	4	-10.5	-52.2	-5.6	0
Cash Flow from Ops. ⓘ	-2	1.1	2.6	-0.6	4.6	1.3	1.7	-12.3	-9.1	2.8	-
Debt/CF from Ops. ⓘ	-9	9.8	6.2	-55.8	10	50.4	42.1	-7.3	-9.2	29.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-19.2%	-44.8%	-67%	-79.9%
Adj EPS ⓘ	-227.1%	-200.8%	-211.6%	NA
BVPSⓘ	-201.6%	-196.8%	-190%	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	TTM
Return on Equity % ⓘ	2.6	10.8	20	16.4	16.7	15.2	10.5	-30.3	-1806.9	21.2	0.5
Op. Profit Mgn % ⓘ	2.5	5.3	5.5	5.6	7	8.3	6.3	0.1	-96.1	-36.6	NAN
Net Profit Mgn % ⓘ	0.8	2.1	2.9	2.6	2.6	2.8	1.6	-4.8	-118	-62.8	-INF
Debt to Equity ⓘ	0.9	0.7	0.9	1.4	1.6	1.8	1.8	3.1	-3.6	-2.9	-
Working Cap Days ⓘ	103	84	60	83	102	131	133	148	452	910	0
Cash Conv. Cycle ⓘ	36	24	21	32	45	75	91	123	380	363	0

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Stelco Strips Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.2	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹.) ⓘ	-38.5	-
Reserves (₹ Cr.) ⓘ	-43	-
P/BV ⓘ	-0.11	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	4.10 / 4.10
All Time Low / High (₹)	1.00 / 69.45
Market Cap (₹ Cr.)	3.7
Equity (₹ Cr.)	9
Face Value (₹)	10
Industry PE ⓘ	27.7

Management X-Ray of Stelco Strips:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

89.83

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

Valuation of Stelco Strips

Analyst's Notes

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Key Ratios of Stelco Strips

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12
Sales	45.20	79.95	121.35	141.25	173.97	183.19	246.02	216.97	44.26	8.88
Operating Expenses ⓘ	44.07	75.75	114.66	133.33	161.85	167.94	230.43	216.87	86.81	12.14
Manufacturing Costs	1.72	4.50	6.11	6.25	8.55	9.75	9.67	6.83	7.07	1.36
Material Costs	41.29	68.80	103.97	121.72	145.62	149.45	184.40	202.08	75.48	7.98
Employee Cost	0.52	1.04	1.43	1.55	2.04	2.10	2.29	2.81	2.76	1.90
Other Costs ⓘ	0.54	1.42	3.15	3.81	5.65	6.64	34.08	5.15	1.50	0.89
Operating Profit ⓘ	1.13	4.19	6.69	7.92	12.12	15.25	15.58	0.10	-42.55	-3.25
Operating Profit Margin (%)	2.5%	5.2%	5.5%	5.6%	7.0%	8.3%	6.3%	0.0%	-96.1%	-36.6%
Other Income ⓘ	0.14	0.10	0.09	0.11	0.19	0.61	0.17	0.21	0.12	0.69
Interest ⓘ	0.51	1.64	2.04	3.02	5.50	7.92	8.70	8.71	7.51	0.03
Depreciation ⓘ	0.27	0.87	0.92	0.98	1.74	1.91	1.98	2.09	2.29	2.56
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	0.49	1.79	3.82	4.03	5.06	6.04	5.07	-10.49	-52.23	-5.16
Tax ⓘ	0.12	0.13	0.30	0.43	0.54	1	1.05	0	-0.04	0
Profit After Tax	0.37	1.66	3.52	3.60	4.53	5.04	4.02	-10.49	-52.19	-5.16
PAT Margin (%)	0.8%	2.1%	2.9%	2.5%	2.6%	2.7%	1.6%	-4.8%	-117.0%	-58.1%
Adjusted EPS (₹)	0.5	2.4	5.1	4.8	6.0	5.6	4.5	-11.7	-58.2	-5.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12
Equity and Liabilities
Shareholders Fund	14.59	15.95	19.14	24.71	28.92	36.56	40.03	29.28	-23.50	-29.19
Share Capital ⓘ	6.84	6.84	6.86	7.57	7.57	8.98	8.98	8.98	8.98	8.98
Reserves ⓘ	7.75	9.11	12.28	17.15	21.35	27.58	31.05	20.31	-32.48	-38.16
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	13.36	11.24	16.33	35.26	46	64.38	73.26	90.07	83.57	83.57
Long Term Debt	13.36	11.24	16.33	35.26	46	64.38	73.26	90.07	0	0
Short Term Debt	0	0	0	0	0	0	0	0	83.57	83.57
Trade Payables	7.07	7.84	6.39	18.77	17.84	18.33	14.23	0.81	3.07	0.75
Others Liabilities ⓘ	1.97	2.05	1.58	1.81	2.87	3.39	3.11	3.07	3.56	4.24
Total Liabilities ⓘ	36.99	37.09	43.44	80.56	95.63	122.66	130.63	123.24	66.69	59.37
Fixed Assets
Gross Block	19.04	19.56	20.27	34.68	39.75	41.35	42.89	45.96	53.30	55.09
Accumulated Depreciation	1.57	2.44	3.31	4.26	5.99	7.86	9.82	11.91	14.09	16.60
Net Fixed Assetsⓘ	17.48	17.13	16.96	30.41	33.76	33.49	33.06	34.05	39.21	38.49
CWIP ⓘ	0.06	0	1.42	0	0	0	0.46	0	0	0
Investmentsⓘ	0	0	0.02	0.05	0.15	0.22	0.15	0.11	0.02	0
Inventories	5.23	6.23	7.30	19.16	30.84	55.72	52.04	56.20	5.93	3.65
Trade Receivables	7.88	6.75	10.46	20.51	20.81	18.17	34.39	24.89	12.41	0
Cash Equivalents	1.14	1.34	1.48	2.08	2.18	4.16	2.35	0.71	0.03	0.07
Others Assetsⓘ	5.20	5.64	5.80	8.35	7.88	10.89	8.16	7.28	9.10	17.15
Total Assets ⓘ	36.99	37.09	43.44	80.56	95.63	122.66	130.63	123.24	66.69	59.37

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12
Cash Flow From Operating Activity ⓘ	-1.48	1.14	2.64	-0.63	4.61	1.28	1.74	-12.26	-9.08	2.82
PBT ⓘ	0.49	1.79	3.82	4.03	5.06	6.04	5.07	-10.49	-52.23	-5.16
Adjustment ⓘ	0.80	2.54	2.55	3.31	6.39	9.20	10.06	10.14	9.65	2.59
Changes in Working Capital ⓘ	-5.57	0.22	-7.24	-12.06	-12.21	-23.97	-14.75	-7.48	63.08	5.42
Tax Paid ⓘ	-0.12	-0.13	-0.30	-0.43	-0.54	-1	-1.05	0	0	0
Cash Flow From Investing Activity ⓘ	1.49	0.35	-2.19	-13.06	-5.22	-1.69	-1.94	-2.57	-7.42	-1.30
Capex	-1.84	-0.47	-2.21	-13.03	-5.11	-1.62	-2.01	-2.62	-7.50	-1.32
Net Investments	0	0	0.02	-0.03	-0.11	-0.07	0.07	0.05	0.09	0.02
Others ⓘ	3.33	0.82	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	0.68	-1.30	-0.32	14.30	0.70	2.39	-1.60	13.19	15.81	-1.47
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.68	-1.30	-0.32	14.30	0.70	2.39	-1.60	13.19	15.81	-1.47
Net Cash Flow ⓘ	0.70	0.19	0.14	0.61	0.10	1.98	-1.81	-1.64	-0.69	0.05

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12
Ratios
ROE (%)	2.67	10.88	20.07	16.42	16.89	15.38	10.51	-30.27	N/A	N/A
ROCE (%)	4.17	12.44	18.71	14.77	15.6	15.81	12.84	-1.53	N/A	N/A
Asset Turnover Ratio	1.49	2.16	3.18	2.54	2.19	1.85	1.94	1.77	0.49	0.15
PAT to CFO Conversion(x)	-4	0.69	0.75	-0.18	1.02	0.25	0.43	N/A	N/A	N/A
Working Capital Days
Receivable Days	44	33	25	36	39	35	39	48	146	0
Inventory Days	30	26	19	31	47	78	80	88	242	181
Payable Days	42	40	25	38	46	44	32	14	9	87

Stelco Strips Ltd Stock News

Stelco Strips Ltd FAQs

What is the share price of Stelco Strips?

Company share prices are keep on changing according to the market conditions. The closing price of Stelco Strips on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Stelco Strips?

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 01-Jan-1970 05:30 the market cap of Stelco Strips stood at ₹3.68.

What is the P/E ratio of Stelco Strips?

The latest P/E ratio of Stelco Strips as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Stelco Strips?

The latest P/B ratio of Stelco Strips as of 01-Jan-1970 05:30 is -0.11.

What is the 52-week high and low of Stelco Strips?

The 52-week high of Stelco Strips is ₹4.10 and the 52-week low is ₹4.10.

What is the TTM revenue of Stelco Strips?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Stelco Strips is ₹0.00 ( Cr.) .

About Stelco Strips Ltd

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: