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Vikash Metal & Power Ltd Stock Analysis

Small Cap
Evaluated by 45 users | BSE: 532677 | NSE: VIKASHMET |
Steel/Sponge Iron/Pig Iron
Vikash Metals, a VKP group company was originally incorporated as Vikash Metal Private Limited on July 4th, 1996 with Registrar of Companies, West Bengal and subsequently converted into Public Limited Company on 13th December, 2002 and the name of the company was changed to Vikash Metal...

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'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Jun'12Mar'13
Return on Capital Employed 5.16%11.45%7.54%6.91%8.65%6.8%6.35%6.59%-16.93%-8.95%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 731.358.61693355946928503810
Y-o-Y Gr. Rt.-345.2%87.2%189.2%97.5%77.3%16.6%22.8%-55.2%-100%
Adjusted EPS (Rs.) 0.182.011.212.163.521.771.062.92-12.02-8.31
Y-o-Y Gr. Rt.-1016.7%-39.8%78.5%63%-49.7%-40.1%175.5%-511.6%NA
Book Value per Share (Rs.) 10.1511.9918.3720.7623.8725.4826.3628.66-0.86-10.04
Adjusted Net Profit 0.22.14.37.612.46.23.710.3-85.6-59.2
Net Op. Cash Flow (Rs. Cr.) -1.7-1-8-11.2-16.7-7.7-92.959.4-843
Debt to Cash Flow from Ops -9.46-19.75-5.88-9.44-9.95-26.42-3.536.55-4.87224.56
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.
Vikash Metal & Power Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%-100%-100%
Adjusted EPS -253.1%-218.7%-298.7%NA
Book Value per Share -199.9-184.1-172.50
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Jun'12Mar'13
Return on Equity (%) 2.1815.8710.1810.8115.547.124.0910.62-230.17144.72
Operating Profit Margin (%) -2.1121.1315.5810.389.315.425.785.94-12.950
Net Profit Margin (%) 2.156.647.254.483.691.050.541.21-22.470
Debt to Equity 1.851.590.731.441.982.273.553.87-66.4-9.33
Working Capital Days 2821432241791751622292233700
Cash Conversion Cycle 264454667168931011580
Entity Percentage Holding
Promoters 15.06%
Institutions 13.05%
Non-Institutions 49.07%
Others 22.82%
Pledged *24.6571.8571.8583.3468.1568.1568.1568.1568.1568.15
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

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Vikash Metals, a VKP group company was originally incorporated as Vikash Metal Private Limited on July 4th, 1996 with Registrar of Companies, West Bengal and subsequently converted into Public Limited Company on 13th December, 2002 and the name of the company was changed to Vikash Metal Limited. The name of the Company was further changed to Vikash Metal & Power Limited w.e.f 21st January, 2003.

Vikash Metal & Power Limited (VMPL) was incorporated as a private company in the year

Vikash Metals, a VKP group company was originally incorporated as Vikash Metal Private Limited on July 4th, 1996 with Registrar of Companies, West Bengal and subsequently converted into Public Limited Company on 13th December, 2002 and the name of the company was changed to Vikash Metal Limited. The name of the Company was further changed to Vikash Metal & Power Limited w.e.f 21st January, 2003.

Vikash Metal & Power Limited (VMPL) was incorporated as a private company in the year 1996 with the object of carrying on the business of trading in dolomite and iron & steel products. The promoters had started manufacturing activities in their parent company Impex Ferro Tech Limited and after they had acquired considerable market exposure and hands on experience of the iron and steel market, the issuer company was converted to Vikash Metal Limited with the object of carrying on manufacturing activity. Further with the object of total vertical integration by setting up an integrated steel plant and generating power for captive use, the company was further renamed as Vikash Metal & Power Limited.

The company is an insurgence of Impex Ferrotech. Impex Ferrotech, in its own right, born way back in 90's. The journey began in the year 1995 with Ferro Alloys and from its humble beginning, the company has achieved such heights that in the following quarter of the century, the company crossed turnover of over 200 crores, which no one ever dreamt of.

The growing demand in the alloy & metal and infrastructure sector resulting in the Industrial growth was the vision of Group Chairman, Shri Vimal Kumar Patni, coupled with the Government's “Look East Policy” thus providing many more opportunities in West Bengal in particular. Vikash Metal & Power, the Fully Computerized and Automated Integrated Steel Plant is a part of the esteemed Impex Group. Vikash Metal & Power having incorporated in the year 1996 has come in a long way, and today it is one of the leading Sponge Iron, MS Billets and TMT Bars manufacturer serving lot many steel and infrastructure industries.

Products and services offered by the company:

Products

  • Sponge Iron
  • MS Billets
  • MS Rounds
  • TMT Bars
  • Ferro Alloys
  • Pig Iron
  • Power

Services offered by the company:

  • Bridges
  • Buildings
  • Highways
  • Turnkey Projects
  • Governments and Institutions
  • Industries
  • Iron & Steel Exports
  • Ferro Alloy Exports.

Milestones:

  • 1996 -Incorporation
  • 2002 -Converted into public limited company and alteration of Memorandum of Association and fresh certificate of incorporation.
  • 2003 - From being a company, which traded in dolomite and iron and steel products, the company ventured into manufacture of sponge iron and the 1st Kiln with a capacity to produce 100 TPD was commissioned.
  • 2004 -Commencement of Production of Kiln II in June 2004
  • 2005 -The Company received ISO 9001:2000 certification
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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