BSE: 513397 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vallabh Steels Ltd is a below average quality company.
The key valuation ratios of Vallabh Steels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vallabh Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.4% | 5.8% | 4.6% | 4.4% | 3.8% | 3.4% | -20.6% | -36.4% | -21.9% | -31% | - |
| Value Creation Index ⓘ | -0.6 | -0.6 | -0.7 | -0.7 | -0.7 | -0.8 | -2.5 | -3.6 | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 170 | 138 | 142 | 120 | 138 | 117 | 40.4 | 5.9 | 0.9 | 0 | 0 |
| Sales YoY Gr. | - | -18.8% | 3.1% | -15.5% | 15% | -15.3% | -65.5% | -85.4% | -84.3% | -100% | - |
| Adj EPS ⓘ | 5.2 | 4.6 | 2.8 | 1.5 | 1.8 | 0.5 | -35.7 | -42.5 | -18.7 | -20.3 | -7.8 |
| YoY Gr. | - | -12.2% | -40% | -44.2% | 18.2% | -73.1% | -7375.5% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 91.8 | 85.8 | 88.5 | 94.2 | 89.3 | 78.6 | 43.3 | 0.9 | -17.8 | -38.1 | -41 |
| Adj Net Profit ⓘ | 2.6 | 2.3 | 1.4 | 0.8 | 0.9 | 0.2 | -17.7 | -21.1 | -9.2 | -10.1 | -4 |
| Cash Flow from Ops. ⓘ | -2.2 | 8.8 | 8.7 | 19.2 | 8.3 | 1.3 | -6.4 | 0.2 | -2.2 | 0 | - |
| Debt/CF from Ops. ⓘ | -19.7 | 5.7 | 5.6 | 2.4 | 4 | 30.8 | -7.3 | 220.1 | -21.3 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | -100% | -100% | -100% | ||||
| Adj EPS ⓘ | -216.3% | -262% | NA | NA | ||||
| BVPSⓘ | -190.7% | -184.4% | -195.8% | NA | ||||
| Share Price | -1.7% | -14.6% | 15.2% | 179.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.9 | 5.2 | 3.2 | 1.7 | 2 | 0.6 | -58.5 | -192.4 | 220.6 | 72.7 | 19.7 |
| Op. Profit Mgn % ⓘ | 3.8 | 3.9 | 4.6 | 7 | 4.8 | 5.1 | -28.3 | -315.7 | -793 | 0 | NAN |
| Net Profit Mgn % ⓘ | 1.5 | 1.7 | 1 | 0.6 | 0.7 | 0.2 | -43.7 | -356.3 | -990.3 | 0 | -INF |
| Debt to Equity ⓘ | 1 | 1.2 | 1.1 | 1 | 0.8 | 1 | 2.2 | 107.4 | -5.3 | -2.5 | - |
| Working Cap Days ⓘ | 196 | 214 | 187 | 207 | 163 | 192 | 508 | 2,461 | 10,682 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 154 | 173 | 145 | 147 | 121 | 159 | 415 | 1,628 | 5,537 | 0 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 19.70%
Sales growth has been subdued in last 3 years -100.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -7.8 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | -41 | - |
| Reserves (₹ Cr.) ⓘ | -25 | - |
| P/BV ⓘ | -0.33 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 4.51 / 20.99 |
| All Time Low / High (₹) | 3.50 / 65.90 |
| Market Cap (₹ Cr.) | 6.7 |
| Equity (₹ Cr.) | 5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 169.60 | 137.70 | 141.92 | 119.98 | 137.93 | 116.87 | 40.35 | 5.91 | 0.93 | 0 |
| Operating Expenses ⓘ | 163.23 | 132.29 | 135.45 | 111.56 | 131.32 | 110.90 | 51.78 | 24.56 | 8.33 | 8.55 |
| Manufacturing Costs | 8.31 | 11.52 | 10.63 | 11.79 | 16.25 | 19.07 | 15.20 | 5.41 | 4.09 | 7.70 |
| Material Costs | 150.85 | 117.15 | 121.74 | 96.45 | 110.27 | 87.09 | 30.10 | 2.13 | 1.04 | 0.20 |
| Employee Cost | 2.96 | 2.36 | 1.97 | 2.10 | 2.99 | 2.95 | 3.18 | 2.13 | 0.81 | 0.55 |
| Other Costs ⓘ | 1.10 | 1.26 | 1.11 | 1.23 | 1.81 | 1.78 | 3.31 | 14.90 | 2.38 | 0.10 |
| Operating Profit ⓘ | 6.37 | 5.40 | 6.47 | 8.42 | 6.60 | 5.97 | -11.43 | -18.65 | -7.40 | -8.55 |
| Operating Profit Margin (%) | 3.8% | 3.9% | 4.6% | 7.0% | 4.8% | 5.1% | -28.3% | -315.0% | -793.0% | - |
| Other Income ⓘ | 0 | 0.07 | 0 | 0 | 0.11 | 0.02 | 0.62 | 0.01 | 0.01 | 0.01 |
| Interest ⓘ | 3.02 | 4.23 | 4.11 | 4.77 | 3.34 | 3.44 | 3.75 | 0.20 | 0.01 | 0 |
| Depreciation ⓘ | 1.10 | 0.73 | 0.63 | 3.05 | 2.71 | 2.35 | 2.85 | 2.34 | 1.92 | 1.58 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2.24 | 0.51 | 1.73 | 0.60 | 0.67 | 0.20 | -17.41 | -21.18 | -9.32 | -10.12 |
| Tax ⓘ | -0.35 | -1.77 | 0.36 | -0.16 | -0.27 | -0.04 | -0.19 | -0.13 | -0.09 | -0.05 |
| Profit After Tax | 2.60 | 2.28 | 1.36 | 0.76 | 0.94 | 0.24 | -17.22 | -21.05 | -9.24 | -10.07 |
| PAT Margin (%) | 1.5% | 1.7% | 1.0% | 0.6% | 0.7% | 0.2% | -42.7% | -356.0% | -990.0% | - |
| Adjusted EPS (₹) | 5.2 | 4.6 | 2.8 | 1.5 | 1.9 | 0.5 | -34.8 | -42.5 | -18.7 | -20.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 45.43 | 42.45 | 43.82 | 46.60 | 44.20 | 38.89 | 21.45 | 0.43 | -8.81 | -18.87 |
| Share Capital ⓘ | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 |
| Reserves ⓘ | 40.48 | 37.50 | 38.87 | 41.65 | 39.25 | 33.94 | 16.50 | -4.52 | -13.76 | -23.82 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 43.41 | 50.68 | 48.32 | 44.90 | 32.34 | 38.04 | 46.54 | 46.45 | 46.33 | 46.33 |
| Long Term Debt | 5.05 | 9.14 | 8.64 | 9.16 | 5.30 | 4.25 | 5.72 | 5.72 | 5.72 | 5.72 |
| Short Term Debt | 38.36 | 41.53 | 39.68 | 35.74 | 27.04 | 33.78 | 40.82 | 40.72 | 40.61 | 40.61 |
| Trade Payables | 32.43 | 11.18 | 20.64 | 13.28 | 9.05 | 5.96 | 0.36 | 0.31 | 0.14 | 0.14 |
| Others Liabilities ⓘ | 4.59 | 2.10 | 4.76 | 3.22 | 3.05 | 4.16 | 0.97 | 0.12 | -0.05 | 0.04 |
| Total Liabilities ⓘ | 125.86 | 106.41 | 117.53 | 108.01 | 88.64 | 87.05 | 69.31 | 47.30 | 37.61 | 27.63 |
Fixed Assets | ||||||||||
| Gross Block | 51.80 | 51.69 | 66.37 | 67.62 | 67.47 | 73.40 | 72.66 | 72.68 | 70.36 | 70.36 |
| Accumulated Depreciation | 36.95 | 42.93 | 43.34 | 46.39 | 49.03 | 51.38 | 54.22 | 56.56 | 58.49 | 60.06 |
| Net Fixed Assetsⓘ | 14.85 | 8.76 | 23.03 | 21.23 | 18.44 | 22.02 | 18.44 | 16.12 | 11.87 | 10.30 |
| CWIP ⓘ | 0 | 7.94 | 1.18 | 0 | 1.67 | 0 | 0.88 | 0.88 | 0.88 | 0.88 |
| Investmentsⓘ | 4.85 | 5.20 | 5.20 | 7.24 | 6.32 | 0.24 | 0.09 | 0.09 | 0.09 | 0.09 |
| Inventories | 18.65 | 14.59 | 14.34 | 14.26 | 16.34 | 19.05 | 12.40 | 11.35 | 8.36 | 0.59 |
| Trade Receivables | 76.78 | 54.83 | 64.32 | 47.55 | 39.81 | 41.83 | 23.73 | 5.56 | 3.09 | 2.78 |
| Cash Equivalents | 2.93 | 6.78 | 2.26 | 12.30 | 2.23 | 2.03 | 0.26 | 0.17 | 0.20 | 0.02 |
| Others Assetsⓘ | 7.79 | 8.31 | 7.20 | 5.42 | 3.82 | 1.90 | 13.51 | 13.12 | 13.12 | 12.97 |
| Total Assets ⓘ | 125.86 | 106.41 | 117.53 | 108.01 | 88.64 | 87.05 | 69.31 | 47.30 | 37.61 | 27.63 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2.21 | 8.82 | 8.73 | 19.17 | 8.29 | 1.27 | -6.41 | 0.21 | -2.18 | 0 |
| PBT ⓘ | 2.24 | 0.51 | 1.73 | 0.60 | 0.67 | 0.20 | -17.22 | -21.05 | -9.32 | -10.12 |
| Adjustment ⓘ | -2.24 | 4.80 | 4.74 | 7.76 | 4.09 | 5.80 | 6.49 | 2.56 | 1.93 | 1.58 |
| Changes in Working Capital ⓘ | -1.94 | 3.69 | 2.4 | 10.71 | 3.43 | -4.67 | 4.48 | 18.76 | 5.22 | 8.54 |
| Tax Paid ⓘ | -0.27 | -0.18 | -0.14 | 0.10 | 0.09 | -0.06 | -0.16 | -0.05 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 6.37 | -8.02 | -8.14 | -0.08 | -2.14 | -3.76 | -0.15 | -0.02 | 2.32 | 0 |
| Capex | 6.37 | -7.73 | -8.14 | -0.08 | -1.52 | -4.26 | -0.15 | -0.02 | 2.32 | 0 |
| Net Investments | 0 | -0.35 | 0 | 0 | -0.62 | 0.50 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -3.93 | 3.04 | -5.10 | -9.06 | -16.22 | 2.28 | 4.79 | -0.28 | -0.12 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.39 | 4.09 | 0.86 | -0.38 | -4.27 | -1.06 | 1.47 | 0 | 0 | 0 |
| Interest Paid ⓘ | -3.02 | -4.23 | -4.11 | -4.74 | -3.25 | -3.40 | -3.72 | -0.18 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.52 | 3.17 | -1.86 | -3.94 | -8.70 | 6.74 | 7.04 | -0.10 | -0.12 | 0 |
| Net Cash Flow ⓘ | 0.23 | 3.84 | -4.51 | 10.04 | -10.07 | -0.20 | -1.77 | -0.09 | 0.02 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.88 | 5.18 | 3.16 | 1.69 | 2.07 | 0.59 | -57.07 | -192.42 | N/A | N/A |
| ROCE (%) | 5.99 | 5.21 | 6.29 | 5.82 | 4.73 | 4.68 | -18.69 | -36.53 | N/A | N/A |
| Asset Turnover Ratio | 1.52 | 1.33 | 1.42 | 1.2 | 1.45 | 1.33 | 0.52 | 0.1 | 0.02 | 0 |
| PAT to CFO Conversion(x) | -0.85 | 3.87 | 6.42 | 25.22 | 8.82 | 5.29 | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 133 | 156 | 136 | 151 | 112 | 127 | 296 | 904 | 1,692 | 0 |
| Inventory Days | 41 | 39 | 33 | 39 | 39 | 55 | 142 | 734 | 3,857 | 0 |
| Payable Days | 21 | 25 | 27 | 50 | 37 | 31 | 38 | 57 | 79 | 250 |
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:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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