Vikash Metal & Power Ltd - Stock Valuation and Financial Performance

Name: Vikash Metal & Power
Brand: Vikash Metal & Power

BSE: 532677 | NSE: VIKASHMET | Steel/Sponge Iron/Pig Iron | Small Cap

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Vikash Metal & Power stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

3.9 Cr.

52-wk low:

0.5

52-wk high:

0.6

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1. Is a good quality company?

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2. Is undervalued or overvalued?

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10 Year X-Ray of Vikash Metal & Power:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Jun'12	Mar'13	TTM
ROCE % ⓘ	5.2%	11.5%	7.5%	6.9%	8.7%	6.8%	6.4%	6.6%	-16.9%	-9%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	7	31.3	58.6	169	335	594	692	850	381	0	0
Sales YoY Gr.	-	345.2%	87.2%	189.2%	97.5%	77.3%	16.6%	22.8%	-55.2%	-100%	-
Adj EPS ⓘ	0.2	2	1.2	2.2	3.5	1.8	1.1	2.9	-12	-8.3	-5.8
YoY Gr.	-	1016.7%	-39.8%	78.5%	63%	-49.7%	-40.1%	175.5%	-511.6%	NA	-
BVPS (₹) ⓘ	10.2	12	18.4	20.8	23.9	25.5	26.4	28.7	-0.9	-10	-7.8
Adj Net Profit ⓘ	0.2	2.1	4.3	7.6	12.4	6.2	3.7	10.3	-85.6	-59.2	-41
Cash Flow from Ops. ⓘ	-1.7	-1	-8	-11.2	-16.7	-7.7	-92.9	59.4	-84	3	-
Debt/CF from Ops. ⓘ	-9.5	-19.8	-5.9	-9.4	-10	-26.4	-3.5	6.6	-4.9	224.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-100%	-100%	-100%	-100%
Adj EPS ⓘ	-253.1%	-218.7%	-298.7%	NA
BVPSⓘ	-199.9%	-184.1%	-172.5%	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Jun'12	Mar'13	TTM
Return on Equity % ⓘ	2.2	15.9	10.2	10.8	15.5	7.1	4.1	10.6	-230.2	144.7	64.8
Op. Profit Mgn % ⓘ	-2.1	21.1	15.6	10.4	9.3	5.4	5.8	5.9	-13	0	NAN
Net Profit Mgn % ⓘ	2.2	6.6	7.3	4.5	3.7	1.1	0.5	1.2	-22.5	0	-INF
Debt to Equity ⓘ	1.9	1.6	0.7	1.4	2	2.3	3.6	3.9	-66.4	-9.3	-
Working Cap Days ⓘ	282	143	224	179	175	162	229	223	370	0	0
Cash Conv. Cycle ⓘ	26	44	54	66	71	68	93	101	158	0	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Vikash Metal & Power Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-5.8	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹.) ⓘ	-7.8	-
Reserves (₹ Cr.) ⓘ	-127	-
P/BV ⓘ	-0.07	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	0.51 / 0.55
All Time Low / High (₹)	0.50 / 53.00
Market Cap (₹ Cr.)	3.9
Equity (₹ Cr.)	71.2
Face Value (₹)	10
Industry PE ⓘ	22

Management X-Ray of Vikash Metal & Power:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

24.65

71.85

83.34

68.15

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

Valuation of Vikash Metal & Power

Analyst's Notes

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Key Ratios of Vikash Metal & Power

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Jun'12	Mar'13
Sales	7.03	31.30	58.60	169.48	334.76	593.58	691.86	849.88	476.22	0
Operating Expenses ⓘ	7.18	24.69	49.59	151.91	303.60	561.38	651.89	799.44	537.91	43.25
Manufacturing Costs	1.01	2.50	2.50	14.16	18.43	28.42	31.34	18.62	5.81	0.02
Material Costs	5.90	20.63	44.05	132.14	279.70	525.59	615.73	774.94	477.20	0
Employee Cost	0.08	0.37	0.50	0.66	1.06	1.52	1.27	1.42	0.61	0.02
Other Costs ⓘ	0.19	1.19	2.54	4.96	4.43	5.85	3.55	4.47	54.29	43.21
Operating Profit ⓘ	-0.15	6.61	9.02	17.57	31.16	32.19	39.97	50.44	-61.69	-43.25
Operating Profit Margin (%)	-2.1%	21.1%	15.4%	10.4%	9.3%	5.4%	5.8%	5.9%	-13.0%	-
Other Income ⓘ	1.85	0.02	0.53	0.20	0.90	2.70	1.68	1.56	15.71	5.27
Interest ⓘ	1.06	2.10	2.02	3.60	8.92	17.54	27.07	28.24	32.77	2.65
Depreciation ⓘ	0.32	1.03	1.21	2.59	3.84	7.17	8.76	8.86	10.15	5.29
Exceptional Items ⓘ	0	0	0	0	0	0	0	-0.01	-90.55	0
Profit Before Tax ⓘ	0.32	3.50	6.31	11.58	19.29	10.18	5.82	14.90	-179.45	-45.91
Tax ⓘ	0.17	1.41	2.14	3.99	6.79	3.97	2.10	4.65	-18.80	0
Profit After Tax	0.15	2.09	4.17	7.59	12.50	6.21	3.72	10.25	-160.65	-45.91
PAT Margin (%)	2.2%	6.7%	7.1%	4.5%	3.7%	1.0%	0.5%	1.2%	-33.7%	-
Adjusted EPS (₹)	0.2	2.0	1.2	2.2	3.6	1.8	1.1	2.9	-22.6	-6.5
Dividend Payout Ratio (%)	0%	0%	0%	23%	14%	14%	24%	9%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Jun'12	Mar'13
Equity and Liabilities
Shareholders Fund	8.75	12.62	66.31	74.24	84.70	89.88	92.58	100.67	-7.70	-53.61
Share Capital ⓘ	8.58	10.36	35.12	35.12	35.12	35.12	35.12	35.12	71.19	71.19
Reserves ⓘ	0.17	2.26	31.19	39.12	49.58	54.76	57.46	65.55	-78.89	-124.80
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	16.12	19.73	46.99	105.18	166.06	203.10	328.29	389.20	511.12	500.13
Long Term Debt	16.12	19.73	46.99	105.18	166.06	203.10	328.29	224.27	334.58	332.41
Short Term Debt	0	0	0	0	0	0	0	164.93	176.55	167.73
Trade Payables	2.80	3.73	12.87	50.16	98.54	170.68	263.50	110.92	52.30	53.44
Others Liabilities ⓘ	1.54	7.38	4.92	13.59	31.42	42.41	46.42	83.71	64.92	62.26
Total Liabilities ⓘ	29.21	43.46	131.09	243.17	380.72	506.07	730.79	684.51	620.65	562.23
Fixed Assets
Gross Block	11.93	24.63	38.68	60.31	90.12	176.89	178.74	179.73	95.40	95.40
Accumulated Depreciation	0.35	1.36	2.56	5.13	8.97	16.14	24.87	33.70	23.52	28.81
Net Fixed Assetsⓘ	11.57	23.26	36.12	55.18	81.15	160.75	153.87	146.03	71.88	66.59
CWIP ⓘ	7.95	1.86	26.54	67.33	76.61	2.08	0.29	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0.56	1.05	1.05
Inventories	1.86	5.26	15.50	42.47	57.44	68.63	72.07	121.76	0	0
Trade Receivables	2.77	7.49	12.53	45.67	90.91	178.91	314.38	270.34	205.11	161.91
Cash Equivalents	0.11	0.15	5.24	2.73	6.74	12.28	21	17.74	73.94	65.61
Others Assetsⓘ	4.94	5.44	35.15	29.79	67.86	83.44	169.18	128.07	268.67	267.07
Total Assets ⓘ	29.21	43.46	131.09	243.17	380.72	506.07	730.79	684.51	620.65	562.23

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Jun'12	Mar'13
Cash Flow From Operating Activity ⓘ	-1.70	-1	-7.99	-11.15	-16.68	-7.69	-92.92	59.39	-105	2.23
PBT ⓘ	0.32	3.50	6.31	11.58	19.29	10.18	5.82	14.90	-179.45	-45.91
Adjustment ⓘ	1.36	3.10	3.19	6.48	9.96	18.54	29.73	29.92	163.60	45.33
Changes in Working Capital ⓘ	-3.3	-7.45	-17.12	-28.52	-44.56	-36.16	-127.16	19.06	-89.21	2.81
Tax Paid ⓘ	-0.09	-0.15	-0.37	-0.68	-1.37	-0.25	-1.31	-4.49	0.06	-0.01
Cash Flow From Investing Activity ⓘ	-12.92	-6.38	-60.15	-45.74	-35.82	-15.08	-5.28	-1.54	-54.87	3.21
Capex	-12.90	-6.63	-38.75	-62.46	-32.36	-15.32	-1.96	-1.90	-0.23	0
Net Investments	0	0	0	0	0	0	0	-0.56	-0.49	0
Others ⓘ	-0.01	0.26	-21.39	16.72	-3.46	0.24	-3.32	0.93	-54.15	3.21
Cash Flow From Financing Activityⓘ	14.61	7.39	68.19	56.99	52.50	23.20	102.43	-61.54	224.19	-8.55
Net Proceeds from Shares ⓘ	4.07	6.01	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	9.52	4.10	28.26	44.95	-21.10	22.14	-0.82	-21.02	-12.11	2.90
Interest Paid ⓘ	-1.03	-2.02	-2.02	-3.60	-7.64	-13.37	-22.11	-21.95	-27.42	-2.63
Dividend Paid ⓘ	0	0	0	0	-2.05	-1.76	-0.88	-0.88	-1.78	0
Others ⓘ	2.05	-0.70	41.95	15.64	83.30	16.19	126.23	-17.70	265.50	-8.82
Net Cash Flow ⓘ	-0.01	0.01	0.05	0.10	0	0.44	4.22	-3.69	64.32	-3.11

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Jun'12	Mar'13
Ratios
ROE (%)	2.86	19.76	10.83	11.05	15.95	7.17	4.08	10.61	N/A	N/A
ROCE (%)	8.01	18.14	11.24	10.48	13.19	10.22	9.22	9.47	N/A	N/A
Asset Turnover Ratio	0.41	0.97	0.74	0.97	1.11	1.39	1.14	1.24	0.75	0
PAT to CFO Conversion(x)	-11.33	-0.48	-1.92	-1.47	-1.33	-1.24	-24.98	5.79	N/A	N/A
Working Capital Days
Receivable Days	127	53	56	59	72	80	127	121	177	0
Inventory Days	43	37	59	58	53	37	36	40	0	0
Payable Days	101	58	69	59	58	54	77	64	62	0

Vikash Metal & Power Ltd Stock News

Vikash Metal & Power Ltd FAQs

What is the share price of Vikash Metal & Power?

Company share prices are keep on changing according to the market conditions. The closing price of Vikash Metal & Power on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Vikash Metal & Power?

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 01-Jan-1970 05:30 the market cap of Vikash Metal & Power stood at ₹3.92.

What is the P/E ratio of Vikash Metal & Power?

The latest P/E ratio of Vikash Metal & Power as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Vikash Metal & Power?

The latest P/B ratio of Vikash Metal & Power as of 01-Jan-1970 05:30 is -0.07.

What is the 52-week high and low of Vikash Metal & Power?

The 52-week high of Vikash Metal & Power is ₹0.55 and the 52-week low is ₹0.51.

What is the TTM revenue of Vikash Metal & Power?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vikash Metal & Power is ₹0.00 ( Cr.) .

About Vikash Metal & Power Ltd

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 â€œLook East Policyâ€ 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