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About
Steelman Telecom Ltd (543622)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543622 NSE: Telecommunication - Service Provider | Small Cap | Steelman Telecom Share Price
₹72 -4.95 (-6.43%)
As on 11-Sep'26 16:59
Steelman Telecom Ltd (543622)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543622 NSE: Telecommunication - Service Provider | Small Cap | Steelman Telecom Share Price
₹72 -4.95 (-6.43%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹70 Cr.
Current Price
₹72
52-Week Low / High
₹49 / 132
TTM EPS
₹-6.5
TTM Sales
₹230 Cr.
Book Value per Share
₹31.7
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
24.3
Price to Book (P/B)
2.27
Lower than its 5-year historical median
Price to Sales (P/S)
0.30
Lower than its 5-year historical median
EV/EBITDA
9.09
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-28.33%
Underperforms industry median
Return on Capital Employed (ROCE)
-8.67%
Underperforms industry median
Return on Assets (ROA)
-7.44%
Operating Profit Margin
2.1%
Net Profit Margin
-3.84%
Gross Profit Margin
0.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-7.41%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-32.61%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
71.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹21 Cr.
Equity
₹9.7 Cr.
Face Value
₹10
All Time Low / High
₹49.00 / 270.00
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Steelman Telecom Ltd a good quality company?
Steelman Telecom Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Steelman Telecom Ltd performance compare with that of its Peers?
Revenue growth of Steelman Telecom Ltd vs industry peers?
Steelman Telecom Ltd revenue CAGR is 21.65%, compared to the industry median CAGR of 1.07%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Steelman Telecom Ltd?
Promoters hold 71.98% of the Steelman Telecom Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Steelman Telecom Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -20.63% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Steelman Telecom Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.7% | 17.1% | 13.5% | 11.3% | 16.5% | 20.1% | 19.4% | 15% | - |
| Value Creation Index ⓘ | -0.5 | 0.2 | 0.0 | -0.2 | 0.2 | 0.4 | 0.4 | 0.1 | - |
Growth Parameters ⓘ |
|||||||||
| Sales ⓘ | 58.7 | 85.5 | 86.3 | 88.7 | 100 | 132 | 189 | 175 | 188 |
| Sales YoY Gr. | - | 45.7% | 0.9% | 2.8% | 13.2% | 31% | 43.9% | -7.4% | - |
| Adj EPS ⓘ | 0.3 | 1.9 | 1 | 1.6 | 5.2 | 5.8 | 7.7 | 8.3 | 9.5 |
| YoY Gr. | - | 469.7% | -44.7% | 50% | 234.6% | 11.9% | 31.3% | 8.6% | - |
| BVPS (₹) ⓘ | 11.9 | 13.8 | 14.7 | 15.4 | 20.5 | 41.2 | 48.8 | 57.2 | 57.2 |
| Adj Net Profit ⓘ | 0.3 | 1.4 | 0.8 | 1.2 | 3.9 | 5.7 | 7.4 | 8.1 | 9 |
| Cash Flow from Ops. ⓘ | -0.3 | 7 | -4.6 | 2.9 | -2.1 | -5.6 | 8.7 | -18.8 | - |
| Debt/CF from Ops. ⓘ | -28.7 | 1.7 | -3.1 | 4.2 | -7.2 | -2.5 | 2 | -2.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 15.2% | 20.4% | -7.4% | ||||
| Adj EPS ⓘ | NA | 51.6% | 16.9% | 8.6% | ||||
| BVPSⓘ | NA | 31.2% | 40.9% | 17.2% | ||||
| Share Price | - | - | -20.6% | -43.5% | ||||
Key Financial Parameters ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.8 | 14.6 | 7.3 | 10.4 | 29.2 | 20.5 | 16.3 | 14.5 | 16.6 |
| Op. Profit Mgn % ⓘ | 1.7 | 3.6 | 3.4 | 2.3 | 6.2 | 5.4 | 5.8 | 7.5 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | 1.6 | 0.9 | 1.3 | 3.9 | 4.3 | 3.9 | 4.6 | 4.9 |
| Debt to Equity ⓘ | 1 | 1.1 | 1.3 | 1.1 | 1 | 0.4 | 0.4 | 1 | - |
| Working Cap Days ⓘ | 0 | 64 | 77 | 91 | 97 | 109 | 91 | 129 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 21 | 25 | 43 | 48 | 57 | 46 | 50 | 0 |
Valuation of Steelman Telecom - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Sales | 86.70 | 100.47 | 134.94 | 219.75 | 230.94 |
| Operating Expenses ⓘ + | 84.02 | 94.24 | 129.14 | 212.42 | 226 |
| Operating Profit ⓘ | 2.68 | 6.23 | 5.80 | 7.33 | 4.94 |
| Operating Profit Margin (%) | 3.1% | 6.2% | 4.3% | 3.3% | 2.1% |
| Other Income ⓘ + | 1.25 | 0.69 | 1.54 | 1.12 | 1.79 |
| Interest ⓘ | 1.59 | 0.83 | 2.18 | 5.04 | 5.50 |
| Depreciation ⓘ | 0.90 | 0.70 | 4.01 | 15.98 | 15.55 |
| Profit Before Tax ⓘ | 0.36 | 3.62 | 1.05 | -12.72 | -14.32 |
| Tax ⓘ | 0.59 | 0.94 | 0.23 | -0.67 | -5.46 |
| Profit After Tax | -0.23 | 2.69 | 0.82 | -12.04 | -8.87 |
| PAT Margin (%) | -0.3% | 2.7% | 0.6% | -5.5% | -3.8% |
| Adjusted EPS (₹) | -0.3 | 3.6 | 0.9 | -3.3 | -1.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 9.85 | 15.31 | 35.09 | 31.97 | 30.62 | ||||||
| Debt + | 14.42 | 13.45 | 39 | 35.93 | 82.65 | ||||||
| Minority Interest | -0.05 | 0 | 0 | 1.15 | 0.27 | ||||||
| Trade Payables | 6.17 | 6.26 | 10.71 | 9.45 | 12.70 | ||||||
| Others Liabilities ⓘ | 5.25 | 9.36 | 16.19 | 22.70 | 10.81 | ||||||
| Total Liabilities ⓘ | 35.64 | 44.38 | 100.99 | 101.21 | 137.05 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 3.35 | 1.56 | 36.74 | 38.44 | 52.75 | ||||||
| CWIP ⓘ | 0 | 0 | 6.86 | 0.33 | 1.62 | ||||||
| Investments ⓘ | 0.39 | 0.34 | 0.34 | 0.34 | 0.34 | ||||||
| Inventories | 1.41 | 0.29 | 5.44 | 0.78 | 0.33 | ||||||
| Trade Receivables | 14.16 | 21.25 | 30.90 | 31.27 | 35.93 | ||||||
| Cash Equivalents | 10.35 | 11.43 | 13.79 | 13.59 | 14.37 | ||||||
| Others Assets ⓘ | 5.98 | 9.52 | 6.92 | 16.45 | 31.71 | ||||||
| Total Assets ⓘ | 35.64 | 44.38 | 100.99 | 101.21 | 137.05 | ||||||
| PARTICULARS | Mar'20 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -2.60 | -2.06 | -0.29 | 3.06 | -7.43 |
| Cash Flow From Investing Activity ⓘ + | 0.08 | 0.34 | -46.32 | -12.45 | -31.50 |
| Cash Flow From Financing Activity ⓘ + | 0.85 | 1.76 | 48.98 | 9.19 | 39.31 |
| Net Cash Flow ⓘ | -1.66 | 0.03 | 2.36 | -0.20 | 0.37 |
| PARTICULARS | Mar'20 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -2.33 | 21.35 | 3.26 | -35.92 | -28.33 | |||||
| ROCE (%) | 7.97 | 16.29 | 5.75 | -9.28 | -8.67 | |||||
| Asset Turnover Ratio | 2.43 | 2.51 | 1.86 | 2.17 | 1.97 | |||||
| PAT to CFO Conversion(x) | N/A | -0.77 | -0.35 | N/A | N/A | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 59.60 | 64.30 | 70.50 | 51.60 | 52.30 | |||||
| Inventory Days | 5.90 | 3.10 | 7.80 | 5.20 | 0.90 | |||||
| Payable Days | 2,887.70 | 0 | -600.20 | 789.40 | 9,000.50 | |||||
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Steelman Telecom Ltd FAQs
The current trading price of Steelman Telecom on 11-Sep-2026 16:59 is ₹72.00.
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 10-Sep-2026 the market cap of Steelman Telecom stood at ₹69.67 Cr
The latest P/E ratio of Steelman Telecom as of 10-Sep-2026 is 7.59.
The latest P/B ratio of Steelman Telecom as of 10-Sep-2026 is 1.26.
The 52-week high of Steelman Telecom is ₹132.0 and the 52-week low is ₹49.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steelman Telecom is ₹188 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Steelman Telecom Ltd is a below average quality company.
The key valuation ratios of Steelman Telecom Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Steelman Telecom Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Steelman Telecom Ltd
The company was originally incorporated on May 12, 2003 as a private limited company in the name of “Dwarka Prasad Bindal & Sons Hotels Private Limited” vide Registration No 96195 under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Further, pursuant to a special resolution of its Shareholders passed in the Extra Ordinary General Meeting held on July 23, 2008 name of the Company was changed to “Steelman Telecom Private Limited” and a fresh certificate of incorporation was issued by Registrar of Companies, Kolkata, West Bengal. Subsequently, pursuant to a special resolution of its Shareholders passed in the Extra Ordinary General Meeting held on May 17, 2022 the Company was converted from a private limited company to public limited company and the name of the Company was changed to “Steelman Telecom Limited” and a fresh certificate of incorporation consequent to conversion was issued on July 08, 2022 by the Registrar of Companies, Kolkata, West Bengal.
Steelman Telecom offers support services and solutions to address the Network requirements of Telecom industry. Over the years the company has been successfully implementing various projects and has been recognized by its clients for quality and timely execution of the projects undertaken. This expertise and capability has helped it to achieve continuous growth and success. The company provides services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance. The company’s strong technical background enables it to effectively carry out end-to-end services thereby covering the entire network & technology service solutions.
The company’s understanding of critical aspects of a technology and utilizing the same to improve coverage, capacity & quality of today’s networks leads to network quality improvement; thereby enhancing every subscriber’s experience. Its technically skilled field workforce ensures effective planning and execution of the projects. Its understanding of new technologies and proven track record of good quality services is complimented with efficient internal processes. The company is ISO certified Company which is testimony to its commitment towards quality and safety. Its manpower strictly maintains the safety precautions with right procedures, right skills and the best equipment available in the world.
Business area of the company
The company offers support services and solutions to address the Network requirements of the Telecom industry. It provides services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.
Key events
- 2003: Incorporation of the company in the name and style of “Dwarka Prasad Bindal & Sons Hotels Private Limited”.
- 2008: The company changed its Business activities and started the business of Telecom Service Providers.
- 2008: The company’s name was changed to “Steelman Telecom Private Limited”.
- 2009: Started rolling its 3G network in Pan India for all major telecom operators.
- 2014: Introduced Managing and Maintaining Wireless MS.
- 2018: Became one of the recognized service provider for rolling out 4G network for new telecom giant, a new entrant in Telecom Space.
- 2022: Company achieved a turnover of more than of Rs 100 crore.
- 2022: Conversion of the company from Private Limited Company to Public Limited Company and Change of name of Company to Steelman Telecom Limited.
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