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Vallabh Steels Ltd Stock Analysis

Small Cap
Evaluated by 61 users | BSE: 513397 | NSE: |
Steel & Iron Products
Vallabh Steels (VLS), incepted in 1981 and a Vallabh Group company, is renowned across the globe as a leading exporter of Galvanised Pipes from India, having attained Export House status from the Government of IndiaVSL is one of India’s leading manufacturers of MS ERW Black and...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 3.88%7.25%4.73%5.35%5.76%4.57%4.44%3.82%3.41%-20.56%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 22422320117013814212013811740.4
Y-o-Y Gr. Rt.--0.7%-9.7%-15.7%-18.8%3.1%-15.5%15%-15.3%-65.5%
Adjusted EPS (Rs.) 1.133.252.895.244.62.761.541.820.49-35.65
Y-o-Y Gr. Rt.-187.6%-11.1%81.3%-12.2%-40%-44.2%18.2%-73.1%-7375.5%
Book Value per Share (Rs.) 80.3883.6386.5391.7785.7788.5294.1589.2878.5743.33
Adjusted Net Profit 0.61.61.42.62.31.40.80.90.2-17.7
Net Op. Cash Flow (Rs. Cr.) 9.612.31.5-2.28.88.719.28.31.3-6.4
Debt to Cash Flow from Ops 4.473.0529.04-19.685.745.582.374.0130.83-7.26
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.
Vallabh Steels Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -17.4%-21.8%-30.5%-65.5%
Adjusted EPS -246.7%-250.6%-385%-7375.5%
Book Value per Share -6.6-12.8-22.8-44.9
Share Price -7.1% -24.9% -30.4% -6.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.423.973.45.885.183.161.691.990.59-58.5
Operating Profit Margin (%) 3.124.812.793.763.924.567.024.85.11-28.33
Net Profit Margin (%) 0.250.720.711.531.650.960.640.650.21-43.74
Debt to Equity 1.070.91.040.961.191.110.980.751.012.17
Working Capital Days 152149163196214187207163192508
Cash Conversion Cycle 111116122154173145147121159415
Entity Percentage Holding
Promoters 61.47%
Non-Institutions 38.53%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Vallabh Steels Ltd's performance infers:

Vallabh Steels Ltd earnings have declined by -250.6%, whereas share price has depreciated -24.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Vallabh Steels Ltd share prices over the last 10 years. Here is what we found out:

Vallabh Steels Ltd share price has depreciated -8.2% annually over the past ten years.

Vallabh Steels (VLS), incepted in 1981 and a Vallabh Group company, is renowned across the globe as a leading exporter of Galvanised Pipes from India, having attained Export House status from the Government of India

VSL is one of India’s leading manufacturers of MS ERW Black and Galvanised Pipes, having a capacity of 7500 TPA, in a size range of 1/2' to 4' (15 mm to 100 mm), in light and medium class, as per IS: 1239 (Part-I) 2004, BS 1387/85, BS 1139 and DIN specifications,

Vallabh Steels (VLS), incepted in 1981 and a Vallabh Group company, is renowned across the globe as a leading exporter of Galvanised Pipes from India, having attained Export House status from the Government of India

VSL is one of India’s leading manufacturers of MS ERW Black and Galvanised Pipes, having a capacity of 7500 TPA, in a size range of 1/2' to 4' (15 mm to 100 mm), in light and medium class, as per IS: 1239 (Part-I) 2004, BS 1387/85, BS 1139 and DIN specifications, suitable for various industrial and household applications.

VSL also produces Precision Tubes made of CRCA, to meet the needs of the Automobile Industry and the General Engineering Industry. Vallabh Steels is renowned across the globe as a leading exporter of Galvanised Pipes from India, having attained Export House status from the Government of India. Apart from tubes, VSL produces CR coils and stripe in varying widths of up to 1020 mm, and with a thickness ranging from 0.14 mm to 3.00 mm, catering to the precise requirements of the Automobile Sector, White Goods Sector and the General Engineering Industry.

VSL is having modern manufacturing facilities to manufacture ERW pipes. The state-of-the-art mills are capable to cater to the diverse application needs of the customers.

Other group companies:

Vardhman Industries Ltd. Vardhman Industries Ltd.(VIL) is an established name nationally & internationally as one of the leading manufacturers of Galvanised Sheets/Coils, Colour Coated Sheets and Coils, confirming to International standards.

VIL also produces CR Coils & Strips catering to the precise requirements of Automotive Sector, White Goods and General Engineering Industry. VIL is also a Engineering Export Promotion Council (EEPC) award winner in its category, which speaks volumes about its stature and credibility in the industry.

Vallabh Textiles Co. Ltd.   Most recent and upcoming business venture of Vallabh Group is VTCL, which is in the process of establishing of an integrated cotton yarn spinning and Terry Towel unit in Distt. Ludhiana with an investment of Rs.125 Crores (US $32million).

VTCL is proposing to install 12060 ring spindles, alongwith 258 rotors for manufacturing of Ring Spun Yarn and Open End Yarn alognwith 20 numbers Dobby Looms for piece dyed towels and 16 numbers Jacquard Looms for manufacturing high end yarn dyed sheared towels, by installation of machines of reputed indigenous and overseas suppliers for cotton yarn production of 4200MT per annum and 3500MT of towels per annum.

The project has already been approved and recognised by the State Government of Punjab, under the Mega Project Scheme.

Product range of the company includes:

  • Galvanised/Black Pipes - Vallabh Steels Ltd. manufactures Mild Steel ERW Black and Galvanised Pipes, suitable for various Industrial  and Household applications.
  • Precision Tubes - Vallabh Steels Ltd. manufactures Precision Tubes made of CRCA suitable for Automobile Industry and the General Engineering Industry.

Achievements/ recognition:

  • Recognised Export House in the year 2005
  • Award for Export Excellence in the year 2003
  • ISO 9001:2000 Accreditation in the year 2000
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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