Visa Steel Ltd - Stock Valuation and Financial Performance

BSE: 532721 | NSE: VISASTEEL | Steel & Iron Products | Small Cap

Visa Steel Share Price

20 0.00 0.00%
as on 26-Mar'24 16:00

DeciZen - make an informed investing decision on Visa Steel

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Visa Steel stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
231.6 Cr.
52-wk low:
10.5
52-wk high:
22.3

Is Visa Steel Ltd an attractive stock to invest in?

1. Is Visa Steel Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Visa Steel Ltd is a below average quality company.

2. Is Visa Steel Ltd undervalued or overvalued?

The key valuation ratios of Visa Steel Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Visa Steel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Visa Steel 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 Visa 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.
Visa Steel Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1.5%-3.1%-9.8%-4.2%-0.8%-3.7%-5.2%-10.2%-3.4%-20.4%-
Value Creation
Index
-1.1-1.2NANA-1.1-1.3-1.4NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0309221,0111,397859805348611792572621
Sales YoY Gr.--10.5%9.7%38.2%-38.5%-6.2%-56.8%75.7%29.6%-27.7%-
Adj EPS -12.9-21.5-54.4-13.1-2.3-5.7-7.3-12.1-4.6-16-7.2
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 33.411.1-85.3-59.416.110.43-22.1-26.7-66.7-72.1
Adj Net
Profit
-142-236-598-144-26.7-66.3-84.9-140-53.2-185-83
Cash Flow from Ops. 249-210-390-2.743.255.113.415.911.824.7-
Debt/CF from Ops. 9.6-14.2-9-1404.234.224.210184.9114.754.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6.3%-7.8%18.1%-27.7%
Adj EPS NANANANA
BVPS-208%-232.8%-379.9%NA
Share Price 2.4% 20.5% 45.8% 66.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-32-96.6146.718.211.6-43.1-109126.518.834.210.4
Op. Profit
Mgn %
3.70.6-1.51.21.8-2.8-17.1-1.62.11.3-1.2
Net Profit
Mgn %
-13.8-25.6-59.2-10.3-3.1-8.2-24.4-22.9-6.7-32.3-13.4
Debt to
Equity
6.524.4-3.7-5.77.911.138.4-5.3-4.4-1.8-
Working Cap
Days
15916314111924124447725920515620
Cash Conv.
Cycle
-70-78-18142820-7-22-10-15-573

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.06%

Return on Equity has declined versus last 3 years average to 10.40%

Sales growth is not so good in last 4 quarters at -4.70%

Latest Financials - Visa Steel Ltd.

Standalone Consolidated
TTM EPS (₹) -7.2 -7.2
TTM Sales (₹ Cr.) 621 621
BVPS (₹.) -72.1 -72.1
Reserves (₹ Cr.) -951 -951
P/BV -0.28 -0.28
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 10.52 / 22.30
All Time Low / High (₹) 2.47 / 65.65
Market Cap (₹ Cr.) 232
Equity (₹ Cr.) 115.8
Face Value (₹) 10
Industry PE 24.8

Management X-Ray of Visa Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.00100.00100.0088.4888.4888.4879.4279.42
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Visa Steel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,0309221,0111,397859805348611792572
Operating Expenses 9929241,0331,381844828407621776565
Manufacturing Costs119114148248225214111217269243
Material Costs778682727959495521222317454272
Employee Cost 29355864323528272829
Other Costs 6593101110935946602521
Operating Profit 38-2-221614-23-59-10168
Operating Profit Margin (%) 3.7%-0.2%-2.2%1.2%1.7%-2.8%-17.1%-1.6%2.1%1.3%
Other Income 28293128201540112
Interest 14520645737131317202428
Depreciation 5857127150494648474647
Exceptional Items -16000000-2150-398
Profit Before Tax -152-237-575-143-28-66-85-290-53-464
Tax 05270000000
Profit After Tax -152-241-603-143-28-66-85-290-53-464
PAT Margin (%) -14.8%-26.2%-59.6%-10.2%-3.2%-8.2%-24.4%-47.5%-6.6%-81.0%
Adjusted EPS (₹)-13.9-22.0-54.8-13.0-2.4-5.7-7.3-25.1-4.5-40.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 367122-938-65418712135-256-309-772
Share Capital 110110110110116116116116116116
Reserves 25712-1,048-764715-81-372-425-888
Minority Interest0000000000
Debt2,3242,7653,0452,839926709513276276276
Long Term Debt2,1842,3252,2461,997606415236000
Short Term Debt140440799843320294276276276276
Trade Payables399322251252397061472842
Others Liabilities 6986981,0411,4949009821,1981,4581,4951,521
Total Liabilities 3,7883,9083,3993,9322,0511,8811,8071,5261,4911,068

Fixed Assets

Gross Block1,1743,0682,7753,3451,3171,3191,3551,3501,3491,365
Accumulated Depreciation259320127299179228275320360406
Net Fixed Assets9152,7472,6483,0461,1381,0911,0791,030988959
CWIP 1,939296295304296297290393939
Investments 4514512121544444
Inventories15211211718673631719128
Trade Receivables415616914139180000
Cash Equivalents 1455142058101321
Others Assets27724014321948040440842343436
Total Assets 3,7883,9083,3993,9322,0511,8811,8071,5261,4911,068

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 249-210-390-3435513161225
PBT -152-237-575-143-28-66-85-290-53-464
Adjustment 16625356516445403330156426
Changes in Working Capital 238-226-389-2427826251059
Tax Paid -2090-1-130-13
Cash Flow From Investing Activity -99-1130131720390-3-16
Capex -129-50-2-12-13-10-3-17
Net Investments 2000000000
Others 28393225181741000
Cash Flow From Financing Activity -155221362-1-56-90-47-14-9-8
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -55292148-7-42-51-10-200
Interest Paid -138-372-145-38-13-13-10-5-10
Dividend Paid 0000000000
Others 39300359440-26-27-7-7-8
Net Cash Flow -502104-166200
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-34.4-98.66N/AN/A0-43.02-108.85N/AN/AN/A
ROCE (%)-0.27-1.04N/AN/A-0.63-3.4-4.79N/AN/AN/A
Asset Turnover Ratio0.30.260.30.410.290.410.190.370.530.45
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1718383838130000
Inventory Days494939375531421176
Payable Days1791931449610738108633047

Visa Steel Ltd Stock News

Visa Steel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Visa Steel on 26-Mar-2024 16:00 is ₹20.00.
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 26-Mar-2024 16:00 the market cap of Visa Steel stood at ₹231.6.
The latest P/E ratio of Visa Steel as of 26-Mar-2024 16:00 is 0.00.
The latest P/B ratio of Visa Steel as of 26-Mar-2024 16:00 is -0.28.
The 52-week high of Visa Steel is ₹22.30 and the 52-week low is ₹10.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Visa Steel is ₹621.1 ( Cr.) .

About Visa Steel Ltd

Visa Steel (VSL), incorporated in 1996, is part of Visa Group. Headquartered at Kolkata, the company has manufacturing facilities located at Kalinganagar and Golagaoan.VISA Steel Limited is a subsidiary of VISA Infrastructure Limited. The VISA Group is a minerals, metals and energy conglomerate with business interests in Steel, Power, Cement, International Trading and Urban Infrastructure etc.

VISA Steel is a leading player in the Indian Special Steel and Ferro Chrome. It has its Registered office in Bhubaneswar; Corporate office in Kolkata and Branch offices across India.
The company has presence in countries like India, China, Australia, Indonesia, Switzerland, UK and Hong Kong.

In 2013 VISA Steel Limited and SunCoke Energy, Inc. formed their coke making joint venture in India. 

Manufacturing facilities

The company’s manufacturing facility, located at Kalinganagar, has a production capacity of 225,000 tonne per annum (TPA) of pig iron, 4,00,000, 50,000 TPA ferro chrome and TPA of coke oven.

VSL’s Golagaon manufacturing facility has a chrome ore beneficiation plant and a chrome ore grinding plant with an installed capacity of 1,00,000 TPA each.

Products

Pig Iron- The company manufactures three grade of pig iron such as basic, foundry and special that have applications in casting and steel making.

LAM Coke- VSL manufactures good quality coke by blending low cost soft coking coals with hard coking coals. Generally this coke is sold to blast furnaces, ferro alloy plants, chemical plants and foundries across India.

The company produces chrome concentrate that has application in ferro chrome/ stainless steel production. It also produces 50000 TPA of ferro chrome.

The steel major entered into a 51:49 joint venture with Bao Steel to form Visa Bao. Visa Bao was formed to set up a 1,00,000 tonne ferro-chrome plant in Orissa for an investment of Rs 260 crore.

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