Steelman Telecom Ltd (543622) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543622 | NSE: | Telecommunication - Service Provider | Small Cap

Steelman Telecom Share Price

91.80 -7.20 -7.27%
as on 05-Dec'25 16:59

Steelman Telecom Ltd (543622) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543622 | NSE: | Telecommunication - Service Provider | Small Cap

DeciZen - make an informed investing decision on Steelman Telecom

Based on:

M-Cap below 100cr DeciZen not available

Steelman Telecom stock performance -

Key Ratios
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P/E Ratio (SA):
11.89
Market Cap:
95.8 Cr.
52-wk low:
88
52-wk high:
190.1

Is Steelman Telecom Ltd an attractive stock to invest in?

1. Is Steelman Telecom Ltd a good quality company?

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

2. Is Steelman Telecom Ltd undervalued or overvalued?

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

3. Is Steelman Telecom Ltd a good buy now?

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.

10 Year X-Ray of Steelman Telecom:

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.
Steelman Telecom 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'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.7%17.1%13.5%11.3%16.5%20.1%19.4%15%-
Value Creation
Index
-0.50.20.0-0.20.20.40.40.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 58.785.586.388.7100132189175175
Sales YoY Gr.-45.7%0.9%2.8%13.2%31%43.9%-7.4%-
Adj EPS 0.31.911.65.25.87.78.38.3
YoY Gr.-469.7%-44.7%50%234.6%11.9%31.3%8.6%-
BVPS (₹) 11.913.814.715.420.541.248.857.257.2
Adj Net
Profit
0.31.40.81.23.95.77.48.18
Cash Flow from Ops. -0.37-4.62.9-2.1-5.68.7-18.8-
Debt/CF from Ops. -28.71.7-3.14.2-7.2-2.52-2.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA15.2%20.4%-7.4%
Adj EPS NA51.6%16.9%8.6%
BVPSNA31.2%40.9%17.2%
Share Price - - -22.4% -50.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.814.67.310.429.220.516.314.514.6
Op. Profit
Mgn %
1.73.63.42.36.25.45.87.5NAN
Net Profit
Mgn %
0.41.60.91.33.94.33.94.64.6
Debt to
Equity
11.11.31.110.40.41-
Working Cap
Days
064779197109911290
Cash Conv.
Cycle
0212543485746500

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.40%

Debt to equity has declined versus last 3 years average to 0.98

Return on Equity has declined versus last 3 years average to 14.60%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Steelman Telecom Ltd.

Standalone Consolidated
TTM EPS (₹) 8.3 -1.5
TTM Sales (₹ Cr.) 175 231
BVPS (₹.) 57.2 31.7
Reserves (₹ Cr.) 46 21
P/BV 1.73 3.13
PE 11.89 0.00
From the Market
52 Week Low / High (₹) 88.00 / 190.10
All Time Low / High (₹) 88.00 / 270.00
Market Cap (₹ Cr.) 95.8
Equity (₹ Cr.) 9.7
Face Value (₹) 10
Industry PE 39.3

Management X-Ray of Steelman Telecom:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Steelman Telecom - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Steelman Telecom

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales58.7285.5386.3088.72100.47131.60189.39175.36
Operating Expenses 57.7182.4883.5086.7294.24124.45178.47162.27
Manufacturing Costs10.7528.8933.3744.3450.3476.27112.4693.28
Material Costs00.030.780.910.21-5.164.660.45
Employee Cost 43.7851.8147.2240.0641.8849.4858.6465.60
Other Costs 3.181.762.121.421.803.862.702.94
Operating Profit 1.013.052.8126.237.1610.9313.09
Operating Profit Margin (%) 1.7%3.6%3.3%2.3%6.2%5.4%5.8%7.5%
Other Income 0.611.151.251.430.6921.912.10
Interest 0.441.801.591.020.831.071.822.45
Depreciation 0.440.810.870.680.700.590.831.54
Exceptional Items 0000-1.77-0.10-0.150
Profit Before Tax 0.741.591.591.733.627.4010.0211.19
Tax 0.490.180.900.360.941.822.703.14
Profit After Tax 0.251.400.691.382.695.577.328.06
PAT Margin (%) 0.4%1.6%0.8%1.6%2.7%4.2%3.9%4.6%
Adjusted EPS (₹)0.31.90.91.83.65.87.68.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 8.9110.311111.4915.3139.8347.2255.35
Share Capital 0.424.994.994.994.999.689.689.68
Reserves 8.495.336.026.5110.3230.1637.5445.68
Minority Interest00000000
Debt8.6711.7514.2010.6313.4514.0216.3751.35
Long Term Debt000.311.771.831.591.2617.50
Short Term Debt8.6711.7513.898.8611.6312.4315.1133.85
Trade Payables3.423.625.977.696.269.557.757.99
Others Liabilities 4.414.044.026.429.369.2415.4221.68
Total Liabilities 25.4029.7335.2036.2344.3872.6586.75136.38

Fixed Assets

Gross Block3.554.264.835.375.605.7814.5432.01
Accumulated Depreciation1.212.032.793.474.044.635.416.87
Net Fixed Assets 2.332.242.041.911.561.159.1325.14
CWIP 000006.8600
Investments 1.161.161.160.340.345.3519.0919.09
Inventories2.122.191.410.500.295.440.780.33
Trade Receivables8.664.2213.8819.3021.2530.7730.1535.31
Cash Equivalents 6.5911.8710.2111.3911.4311.9311.7612.16
Others Assets 4.548.056.512.809.5211.1415.8444.33
Total Assets 25.4029.7335.2036.2344.3872.6586.75136.38

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -0.307.02-4.622.93-2.06-5.638.65-18.76
PBT 0.741.591.591.733.627.4010.0211.19
Adjustment 0.451.411.231.253.060.661.532.11
Changes in Working Capital -1.274.57-6.46-0.05-8.75-13.76-2.79-31.77
Tax Paid -0.22-0.54-0.98000.07-0.12-0.29
Cash Flow From Investing Activity -2.54-3.731.781.240.34-10.97-14.02-15.65
Capex -1.41-0.72-0.670.28-0.35-7.04-1.94-17.47
Net Investments 00000-5.01-13.74-0.13
Others -1.12-3.012.450.960.691.081.661.96
Cash Flow From Financing Activity 4.251.981.19-2.981.7617.115.1934.68
Net Proceeds from Shares 0000019.8300
Net Proceeds from Borrowing 0001.680.06-0.24-0.3316.25
Interest Paid -0.38-1.10-1.26-1.02-0.83-1.07-1.82-2.43
Dividend Paid 00000000
Others 4.633.082.45-3.642.53-1.427.3420.87
Net Cash Flow 1.415.27-1.661.190.030.51-0.180.27

Finance Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.8314.66.512.2420.0420.2116.8315.71
ROCE (%)6.7417.0613.4711.2616.5320.1219.3715
Asset Turnover Ratio2.313.12.662.482.492.252.381.6
PAT to CFO Conversion(x)-1.25.01-6.72.12-0.77-1.011.18-2.33
Working Capital Days
Receivable Days5428386874725967
Inventory Days139841861
Payable Days002,2432,7390-5596776,394

Steelman Telecom Ltd Stock News

Steelman Telecom Ltd FAQs

The current trading price of Steelman Telecom on 05-Dec-2025 16:59 is ₹91.80.
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-Dec-2025 the market cap of Steelman Telecom stood at ₹95.79.
The latest P/E ratio of Steelman Telecom as of 04-Dec-2025 is 11.89.
The latest P/B ratio of Steelman Telecom as of 04-Dec-2025 is 1.73.
The 52-week high of Steelman Telecom is ₹190.1 and the 52-week low is ₹88.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steelman Telecom is ₹175.4 ( Cr.) .

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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