Sunflag Iron And Steel Company Ltd - Stock Valuation and Financial Performance

BSE: 500404 | NSE: SUNFLAG | Steel & Iron Products | Small Cap

Sunflag Iron & Steel Share Price

256.40 -3.10 -1.19%
as on 12-Dec'24 16:59

DeciZen - make an informed investing decision on Sunflag Iron & Steel

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Sunflag Iron And Steel Company stock performance -

mw4me loader
P/E Ratio (SA):
31.54
Market Cap:
4,620.8 Cr.
52-wk low:
178.1
52-wk high:
274.8

Is Sunflag Iron And Steel Company Ltd an attractive stock to invest in?

1. Is Sunflag Iron And Steel Company Ltd a good quality company?

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

2. Is Sunflag Iron And Steel Company Ltd undervalued or overvalued?

The key valuation ratios of Sunflag Iron And Steel Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Sunflag Iron And Steel Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sunflag Iron And Steel Company Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Sunflag 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.
Sunflag Iron And Steel Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.5%16.1%12.5%19.9%17.1%10.3%13.8%19.8%57.7%6.2%-
Value Creation
Index
-0.10.2-0.10.40.2-0.30.00.43.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7571,5901,5162,0742,1861,7581,8922,6983,4883,4153,533
Sales YoY Gr.--9.5%-4.6%36.8%5.4%-19.6%7.6%42.7%29.3%-2.1%-
Adj EPS 1.43.13.67.165.17.612.215.87.98.1
YoY Gr.-127.9%17.4%95.1%-15.8%-15.6%50.7%60.7%29.3%-50.2%-
BVPS (₹) 32.435.739.346.452.256.864.977.6164265.9364.3
Adj Net
Profit
24.555.865.612810891.1137220285142147
Cash Flow from Ops. 77.7236-21.494.817720822343.2278244-
Debt/CF from Ops. 5.41-15.23.621.60.912.122.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.7%9.3%21.8%-2.1%
Adj EPS 21.5%5.7%1.1%-50.2%
BVPS26.4%38.5%60%62.2%
Share Price 25% 54.6% 51.3% 26.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.59.19.716.612.17.89.413.511.33.42.6
Op. Profit
Mgn %
9.611.29.711.410.99.713.514.913.11110.6
Net Profit
Mgn %
1.43.54.36.24.95.27.38.28.24.24.2
Debt to
Equity
0.70.40.50.40.40.30.20.40.20.10
Working Cap
Days
12613514413815219618415713913874
Cash Conv.
Cycle
8087101931001189284819424

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.77%

Return on Equity has declined versus last 3 years average to 2.60%

Net Profit has been subdued in last 3 years 1.13%

Sales growth is not so good in last 4 quarters at 5.74%

Latest Financials - Sunflag Iron And Steel Company Ltd.

Standalone Consolidated
TTM EPS (₹) 8.1 8.2
TTM Sales (₹ Cr.) 3,533 3,533
BVPS (₹.) 364.3 365.2
Reserves (₹ Cr.) 6,386 6,402
P/BV 0.70 0.70
PE 31.54 31.31
From the Market
52 Week Low / High (₹) 178.10 / 274.80
All Time Low / High (₹) 1.60 / 274.80
Market Cap (₹ Cr.) 4,621
Equity (₹ Cr.) 180.2
Face Value (₹) 10
Industry PE 23.7

Management X-Ray of Sunflag 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 Sunflag 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
Sales1,7571,5901,5162,0742,1861,7581,8922,6983,4883,415
Operating Expenses 1,5871,4121,3711,8381,9481,5881,6442,3013,0433,040
Manufacturing Costs296396254327357313233429546550
Material Costs9927438621,2191,3731,0791,2101,6412,2242,215
Employee Cost 829894103102979298108121
Other Costs 21717416118911799109133165155
Operating Profit 169178145237238171247397446375
Operating Profit Margin (%) 9.6%11.2%9.6%11.4%10.9%9.7%13.1%14.7%12.8%11.0%
Other Income 79817111111676
Interest 72653535394129428197
Depreciation 513633343846707681103
Exceptional Items -100000001,1930
Profit Before Tax 528785184172941592841,484181
Tax 27302055622256837040
Profit After Tax 245765129111931342161,114142
PAT Margin (%) 1.4%3.6%4.3%6.2%5.1%5.3%7.1%8.0%31.9%4.1%
Adjusted EPS (₹)1.43.23.67.16.15.17.412.061.87.9
Dividend Payout Ratio (%)0%0%0%7%8%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 5846437088379401,3871,5211,7363,3295,148
Share Capital 180180180180180180180180180180
Reserves 4034635286577601,2061,3411,5563,1484,968
Minority Interest0000000000
Debt336169309303314263161462416553
Long Term Debt13858438350119129189377258
Short Term Debt1981122652212641433127439295
Trade Payables197156141189267315266457564525
Others Liabilities 215274217231242440424416614774
Total Liabilities 1,3321,2431,3741,5611,7632,4042,3713,0724,9237,001

Fixed Assets

Gross Block1,3081,3031,3051,3311,3902,0451,3041,4431,8631,899
Accumulated Depreciation738761794818855900116193273376
Net Fixed Assets5705425115135351,1451,1881,2501,5901,523
CWIP 3446108179210150350170258
Investments 8101212151514141,7223,647
Inventories394315391433552563544837866833
Trade Receivables189220249302286222210276315346
Cash Equivalents 5364755458526966117252
Others Assets1158890140139199196278143142
Total Assets 1,3321,2431,3741,5611,7632,4042,3713,0724,9237,001

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 78236-219517720822343278244
PBT 528785184172941592841,484181
Adjustment 9810265688383105121-1,033196
Changes in Working Capital -6166-152-103-20547-288176-58
Tax Paid -11-18-19-55-58-23-48-74-349-75
Cash Flow From Investing Activity -4-13-28-92-142-126-60-335-219-83
Capex -4-12-30-97-131-142-54-339-168-125
Net Investments 0-1-20-1010-120-5537
Others 0055076346
Cash Flow From Financing Activity -71-21360-25-38-79-151289-6321
Net Proceeds from Shares 56000000000
Net Proceeds from Borrowing -84-62-1455-3295-677255-134
Interest Paid -71-65-35-35-39-37-23-36-75-91
Dividend Paid 0000-9-90000
Others 29-86110-4541-128-122248-243247
Net Cash Flow 31011-21-3412-3-5182
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.499.269.6516.6512.449.4312.1716.8551.193.66
ROCE (%)12.5416.0512.4819.917.1410.2913.8319.8157.736.21
Asset Turnover Ratio1.491.391.311.451.340.880.8110.890.59
PAT to CFO Conversion(x)3.254.14-0.320.741.592.241.660.20.251.72
Working Capital Days
Receivable Days37425047485141333034
Inventory Days6872757181111105938789
Payable Days39503936426572645042

Sunflag Iron And Steel Company Ltd Stock News

Sunflag Iron And Steel Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sunflag Iron & Steel on 12-Dec-2024 16:59 is ₹256.4.
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 12-Dec-2024 16:59 the market cap of Sunflag Iron & Steel stood at ₹4,620.8.
The latest P/E ratio of Sunflag Iron & Steel as of 12-Dec-2024 16:59 is 31.54.
The latest P/B ratio of Sunflag Iron & Steel as of 12-Dec-2024 16:59 is 0.70.
The 52-week high of Sunflag Iron & Steel is ₹274.8 and the 52-week low is ₹178.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sunflag Iron & Steel is ₹3,533 ( Cr.) .

About Sunflag Iron And Steel Company Ltd

Sunflag Iron and Steel Company is a prestigious unit of the Sun Flag Group incepted in 1989. It has set up a state-of-art integrated plant at Bhandara, India. The plant has a capacity to produce 200,000 tonnes per annum of high quality special steel using iron ore and non coking coal as basic inputs.

The plant comprises a 1,50,000 tonnes per annum Direct Reduction Plant, to produce sponge iron for captive consumption in the Steel Melting Shop. This shop comprises a 50/60 tonnes ultra high power Electric Are Furnace with Eccentric bottom arrangement; a Ladle auto mould level controller and electromagnetic stirrer. The billets produced at the steel melting shop are rolled at the Mannesmann Demag Designed ultra modern 18 stand Continous mill.This mill has a walking hearth reheating furnace, quick roll-changing facilities, a 65 metres long walk and wait type modern cooling bed and above all computerised process control linking and controlling the various stages.

Within a short period of its inception, Sunflag Steel has established itself as a major global force. This modern complex pulsating with world-class technology, expert human resources and a commitment to excellence, has created a distinct niche in spring steel and attained the position of market leader in the segment. Today Sunflag Steel has also embarked on an export thrust and is regularly receiving prestigious orders from Japan and many other Far East, Afro-Asian and Middle-East countries.

The ASM commenced production in the year 1997, enabling Sunflag to expand its product range upto 90 mm dia Rounds; 75 mm RCS and upto 120x25 mm Flats. Production capacity of rolled product is also enchanced by 60, 000 MT. per annum. In order to save energy, a captive power plant of 15 MW capacity has already been comissioned using waste gases.

In 2010 Company  entered into a technological pact with Japanese steel firm Daido Steel.

Product range of the company:

Sunflag Steel is accredited with the ISO-9002 Quality mark, backed up with sound management practices and a highly motivated team. It is a small wonder the Sunflag products are exported to a number of countries.

  • Flats - Spring steel that goes into the automobile and railway suspension. The grades include Silico Manganese, Chrome, Vanadium steel. In   specifications like: DIN, SAE/AISI, BS The sizes from 44 mm wide to 120 mm wide; and 5mm  to 25mm thick.
  • Rounds- In carbon, free-cutting, spring and alloy steels. In specifications like: DIN, SAE/AISI, BS et cetera. In sizes from 15 mm to 90 mm in diameter. For the forging, automobile, spring industries.
  • Round Cornered Squares (RCS)- In carbon, free-cutting and alloy steels. In specifications like: DIN, SAE/AISI, BS et cetera. In sizes from 45x45 mm to 90x90 mm. For the forging, automobile industries.

Production Units:

Sunflag Steel uses the (Sponge iron + Liquid Pig Iron)--Electric arc furnace--Ladle heating furnace--New Continuous casting machine--Rolling mills route, backed up by the state-of-the-art technology and computerized process control.

  • Sintering Plant (SINTER)-  A 33 M2 sinter plant, designed by Beijing Sino-Steel industry & trade Group Corp.(SSIT) and Jiangsu Province Metallurgical Designing Institute (JSMDI) Co. Ltd. The technology of it is based on principle of economical, applicable safe and operational. The annual production is expected to be 4,70,000 Tonnes.  
  • Mini Blast Furnace (MBF)- A Blast furnace of working volume 350 M3 designed by MECON Ltd. to produce 2,30,000 MT / annum of basic grade hot metal has been installed and sucessfully commissioned. The hot metal is mainly used in the steel melting shop as a raw material and surplus hot metal poured in pig casting machine. The Pig casting machine is designed by KBS Paramount & capacity 800 Tonnes per day (TPD). The Blast furnace gas is used for stoves heating, heating of preheating furnace of bar and section mill, heating of boiler, sinter plant. Slag which is a byproduct is mainly sold to cement plants.  
  • Direct Reduction Plant (DRP)- Based on Krupp's Codir process. The DRP can produce 150,000 tones per year of Sponge iron from iron ore and coal. Additionally, the flue gases help generate 30 MW of electric power.
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