Steel Exchange India Ltd - Stock Valuation and Financial Performance

BSE: 534748 | NSE: STEELXIND | Steel/Sponge Iron/Pig Iron | Small Cap

Steel Exchange India Share Price

12.56 0.00 0.00%
as on 04-Oct'24 16:00

DeciZen - make an informed investing decision on Steel Exchange India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Steel Exchange India stock performance -

mw4me loader
P/E Ratio (SA):
79.60
Market Cap:
1,504.2 Cr.
52-wk low:
7.9
52-wk high:
18.4

Is Steel Exchange India Ltd an attractive stock to invest in?

1. Is Steel Exchange India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Steel Exchange India Ltd is a average quality company.

2. Is Steel Exchange India Ltd undervalued or overvalued?

The key valuation ratios of Steel Exchange India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Steel Exchange India Ltd a good buy now?

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

10 Year X-Ray of Steel Exchange India:

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.
Steel Exchange India 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 % 20.3%14.1%-0.1%-7.9%-0.8%4.7%23.5%17%11.5%10.8%-
Value Creation
Index
0.50-1.0NANA-0.70.70.2-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5651,6711,2719221,0247818981,0991,3751,0861,102
Sales YoY Gr.-6.8%-24%-27.5%11.1%-23.7%15.1%22.4%25.1%-21.1%-
Adj EPS 0.50.1-1.6-2.2-0.40.811.2-0.60.10.2
YoY Gr.--80.4%-1670%NANANA21.5%26%-147.1%NA-
BVPS (₹) 4.43.40.9-1.4-1.9-10.82.92.83.53.5
Adj Net
Profit
26.37.4-120-170-31.360.177107-58.910.919
Cash Flow from Ops. 90.7166-14950.459.936.779.35.3138-48-
Debt/CF from Ops. 7.94.1-6.621.217.127.75.583.72.5-8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4%1.2%6.5%-21.1%
Adj EPS -17.5%NA-54.6%NA
BVPS-2.7%NA63.9%26.1%
Share Price 7.6% 63.7% 20.6% 42.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.61.9-35.1-79.9-28.548.733.626.9-11.71.94.6
Op. Profit
Mgn %
11.39.25.9-1.21.58.611.69.56.98.59.2
Net Profit
Mgn %
1.70.4-9.4-18.5-3.17.78.69.7-4.311.7
Debt to
Equity
3.12.414.7-10.4-7.2-13.36.91.71.20.9-
Working Cap
Days
22823728634427233021012611617383
Cash Conv.
Cycle
636614625819022613064649632

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.92

Return on Equity has declined versus last 3 years average to 4.60%

Sales growth has been subdued in last 3 years 6.51%

Net Profit has been subdued in last 3 years -54.57%

Sales growth is not so good in last 4 quarters at -11.68%

Latest Financials - Steel Exchange India Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 0
TTM Sales (₹ Cr.) 1,102 512
BVPS (₹.) 3.5 0
Reserves (₹ Cr.) 313 8
P/BV 3.59 0.00
PE 79.60 387.50
From the Market
52 Week Low / High (₹) 7.85 / 18.42
All Time Low / High (₹) 0.91 / 26.35
Market Cap (₹ Cr.) 1,504
Equity (₹ Cr.) 119.8
Face Value (₹) 1
Industry PE 23

Management X-Ray of Steel Exchange India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *98.9298.9298.9291.8176.0263.6863.6865.3762.3861.25
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Steel Exchange India

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
Sales1,5651,6711,2719221,0247818981,0991,3751,086
Operating Expenses 1,3901,5191,1979331,0097157959951,281994
Manufacturing Costs64897967775448616260
Material Costs1,2731,3781,0797908416127058831,167879
Employee Cost 21222424262626303235
Other Costs 32301551662316211919
Operating Profit 17515274-1115661041049492
Operating Profit Margin (%) 11.2%9.1%5.8%-1.2%1.4%8.5%11.5%9.5%6.9%8.5%
Other Income 1211881415362278
Interest 128123157136103268810678
Depreciation 25273029302725242421
Exceptional Items 00-53-48-7-1154000
Profit Before Tax 3514-159-215-173914314-281
Tax 66-2-4520-253-10231-10
Profit After Tax 287-157-170-3764140116-5911
PAT Margin (%) 1.8%0.4%-12.4%-18.5%-3.6%8.2%15.6%10.6%-4.3%1.0%
Adjusted EPS (₹)0.60.1-2.1-2.2-0.50.91.71.3-0.60.1
Dividend Payout Ratio (%)0%0%0%0%0%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 33338329812891156302481507639
Share Capital 5295767676768088104120
Reserves 281288222521580222392403519
Minority Interest0000000000
Debt644586874928868842413354239348
Long Term Debt331247183154123103413344229341
Short Term Debt313339691774745739010108
Trade Payables588579108971361099581143126
Others Liabilities 298320436381333281179132203106
Total Liabilities 1,8631,8681,7161,5331,4281,3879891,0471,0921,218

Fixed Assets

Gross Block8928921,0251,0761,0791,0811,0441,0501,0551,067
Accumulated Depreciation278301330359389415432454476497
Net Fixed Assets614591695717691666612596579570
CWIP 465354554671350
Investments 0000000000
Inventories681718636579593577194237282296
Trade Receivables3092672159839385592112175
Cash Equivalents 73891684265151920
Others Assets1391499812596761179986108
Total Assets 1,8631,8681,7161,5331,4281,3879891,0471,0921,218

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 91166-149506037795138-48
PBT 357-159-215-173914314-281
Adjustment 1501472412119649-159812895
Changes in Working Capital -945-23054-19-52-48-10738-144
Tax Paid 0600000000
Cash Flow From Investing Activity -34-9-6-2-3-2139-14-49
Capex 3-2-5-51-3-21510-7-12
Net Investments 0000000000
Others -37-7-15000-20-6-37
Cash Flow From Financing Activity -49-163151-49-58-10-116-1-12098
Net Proceeds from Shares 0000001730115136
Net Proceeds from Borrowing 0000000000
Interest Paid -128-123-157-136-10-3-26-88-106-78
Dividend Paid 0000000000
Others 79-4030986-48-7-10757-12940
Net Cash Flow 8-5-40-125-231341
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.953.01-95.7000072.61-21.623.09
ROCE (%)20.2914.06-0.14-7.86-0.784.6923.4716.9711.4910.84
Asset Turnover Ratio1.010.930.740.570.690.560.761.081.30.94
PAT to CFO Conversion(x)3.2523.71N/AN/AN/A0.580.560.04N/A-4.36
Working Capital Days
Receivable Days59606661241819242748
Inventory Days143147186238208272156716897
Payable Days15515511647507353363556

Steel Exchange India Ltd Stock News

Steel Exchange India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Steel Exchange India on 04-Oct-2024 16:00 is ₹12.56.
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 04-Oct-2024 16:00 the market cap of Steel Exchange India stood at ₹1,504.2.
The latest P/E ratio of Steel Exchange India as of 04-Oct-2024 16:00 is 79.60.
The latest P/B ratio of Steel Exchange India as of 04-Oct-2024 16:00 is 3.59.
The 52-week high of Steel Exchange India is ₹18.42 and the 52-week low is ₹7.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steel Exchange India is ₹1,102 ( Cr.) .

About Steel Exchange India Ltd

Steel Exchange India is India’s first online steel e-commerce portal established in 1999 and is dedicated to the Indian steel industry specifically and to steel as a whole. Steel Exchange India aims to be a global gateway to the Indian steel community and to steel. The company shall persevere to innovate through information technology to provide steel customers an efficient and transparent market place and to take the Indian steel industry to a new threshold of glory.

This platform is conceptualized and developed by Pyxis Technology Solutions and Vizag Profiles Group. It is associated to Visakhapatnam Steel Plant under a MOU for maintaining its site www.vizagsteel.com and the two sites are linked and exchange data. Steelexchangeindia has also signed an MOU with Steelnext, an associate company of Reliance Infocomm for furthering online steel trade in India.

Partners:

• Pyxis Technology Solutions
• Vizag Profiles
• Vizag Steel
• Institute for Steel Development & Growth

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