BSE: 513566 | NSE: NOVAIRNSTL | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nova Iron & Steel Ltd is a below average quality company.
The key valuation ratios of Nova Iron & Steel Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nova Iron & Steel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.5% | 0.9% | 4.2% | 3.7% | 0.3% | -12.2% | 2% | 5.1% | 7.4% | -39.6% | - |
| Value Creation Index ⓘ | -0.8 | -0.9 | -0.7 | -0.7 | -1.0 | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 9.1 | 15.6 | 53.3 | 19.6 | 3.6 | 52.2 | 345 | 605 | 698 | 564 | 469 |
| Sales YoY Gr. | - | 70.9% | 241.7% | -63.2% | -81.6% | 1,346.3% | 560.4% | 75.6% | 15.3% | -19.2% | - |
| Adj EPS ⓘ | -1.7 | -1.6 | 0.7 | 0.6 | -0.6 | -14.1 | -3.3 | -4.2 | -0.8 | -13.3 | -21.3 |
| YoY Gr. | - | NA | NA | -12.5% | -196.8% | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 7.9 | 6.6 | 7.3 | 8.2 | 8.3 | -6.1 | -9.2 | -13.4 | -14.6 | -43 | -45.5 |
| Adj Net Profit ⓘ | -6.1 | -5.9 | 2.6 | 2.3 | -2.2 | -50.8 | -11.9 | -15 | -2.8 | -48 | -77 |
| Cash Flow from Ops. ⓘ | 0.6 | 12.7 | 33.3 | -2.9 | -48.3 | 9.2 | 18 | 3.4 | 18.3 | -10.5 | - |
| Debt/CF from Ops. ⓘ | 314.3 | 15.2 | 6 | -81.5 | -7 | 35.8 | 17.3 | 97 | 18.1 | -38 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 58.1% | 174.6% | 17.8% | -19.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -220.7% | -238.8% | NA | NA | ||||
| Share Price | 2.5% | 34.6% | 7.7% | -57.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -20.7 | -22.3 | 10.4 | 8.2 | -7.4 | -1277.7 | 43.1 | 36.8 | 5.4 | 46.1 | 48.2 |
| Op. Profit Mgn % ⓘ | -5.2 | 6.7 | 19.6 | 43.3 | -92.9 | -68.8 | 2.3 | 2.6 | 3.7 | 0.5 | 1.7 |
| Net Profit Mgn % ⓘ | -67.2 | -37.5 | 4.9 | 11.6 | -61 | -97.3 | -3.5 | -2.5 | -0.4 | -8.5 | -16.5 |
| Debt to Equity ⓘ | 6 | 8.1 | 7.5 | 8.1 | 11.2 | -14.8 | -9.4 | -6.8 | -6.3 | -2.6 | - |
| Working Cap Days ⓘ | 999 | 781 | 198 | 465 | 6,028 | 435 | 79 | 86 | 80 | 72 | 29 |
| Cash Conv. Cycle ⓘ | -501 | 155 | 42 | -35 | 2,200 | -56 | -68 | -20 | -5 | 1 | -24 |
Return on Equity has increased versus last 3 years average to 48.20%
Sales growth is growing at healthy rate in last 3 years 17.81%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -21.20%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -21.3 | 0.6 |
| TTM Sales (₹ Cr.) | 469 | 19.6 |
| BVPS (₹.) ⓘ | -45.5 | 0 |
| Reserves (₹ Cr.) ⓘ | -201 | -7 |
| P/BV ⓘ | -0.27 | 0.00 |
| PE ⓘ | 0.00 | 19.32 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 11.64 / 31.50 |
| All Time Low / High (₹) | 2.05 / 50.05 |
| Market Cap (₹ Cr.) | 44 |
| Equity (₹ Cr.) | 36.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.6 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 146 | -21.3 | 125 | -31.4 | 99.4 | -18.4 | 97.7 | -13.6 |
| Adj EPS (₹) ⓘ | -6.2 | -291 | 1.6 | N/A | -2.5 | N/A | -1.3 | N/A |
| Op. Profit Mgn % ⓘ | -4.99 | -1887 bps | 11.05 | 828 bps | -1.35 | -43 bps | 2.69 | -249 bps |
| Net Profit Mgn % ⓘ | -15.19 | -2145 bps | 4.74 | 839 bps | -8.96 | 279 bps | -4.83 | -60 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.12 | 15.59 | 53.27 | 19.61 | 3.61 | 52.21 | 344.81 | 605.40 | 698.09 | 563.80 |
| Operating Expenses ⓘ | 9.60 | 14.58 | 42.89 | 11.12 | 6.96 | 89.14 | 337.03 | 589.68 | 672.48 | 561.23 |
| Manufacturing Costs | 2.24 | 1.91 | 6.52 | 3.12 | 2.48 | 23.78 | 31.77 | 68.87 | 84.55 | 97.05 |
| Material Costs | 3.84 | 11.95 | 37.91 | 2.40 | 0.18 | 56.05 | 293.05 | 509.98 | 575.67 | 437.77 |
| Employee Cost | 2.48 | 2.49 | 4.19 | 4.46 | 2.99 | 7.04 | 6.70 | 7.15 | 8.35 | 12.01 |
| Other Costs ⓘ | 1.04 | -1.78 | -5.73 | 1.14 | 1.31 | 2.28 | 5.50 | 3.68 | 3.90 | 14.40 |
| Operating Profit ⓘ | -0.48 | 1.02 | 10.38 | 8.48 | -3.35 | -36.93 | 7.78 | 15.72 | 25.61 | 2.56 |
| Operating Profit Margin (%) | -5.2% | 6.5% | 19.5% | 43.3% | -92.9% | -70.7% | 2.3% | 2.6% | 3.7% | 0.5% |
| Other Income ⓘ | 0.18 | 0.12 | 0.16 | 1.59 | 1.66 | 3.03 | 6.69 | 8.43 | 4.13 | 5.17 |
| Interest ⓘ | 6.02 | 6.02 | 6.67 | 6.79 | 0.37 | 0.20 | 0.59 | 24.96 | 17.30 | 24.61 |
| Depreciation ⓘ | 1.69 | 1.33 | 1.19 | 1.02 | 0.91 | 7.33 | 8.71 | 9.93 | 9.91 | 45.13 |
| Exceptional Items ⓘ | 5.91 | 2.03 | 0 | 0 | 3.64 | 0 | 0 | 0 | 0.87 | -65.45 |
| Profit Before Tax ⓘ | -2.09 | -4.18 | 2.68 | 2.27 | 0.67 | -41.42 | 5.18 | -10.74 | 3.41 | -127.46 |
| Tax ⓘ | -0.10 | 0.26 | 0.12 | -0.01 | 0.05 | 10.11 | 17.09 | 4.04 | 5.20 | -33.66 |
| Profit After Tax | -1.99 | -4.45 | 2.57 | 2.28 | 0.62 | -51.54 | -11.91 | -14.78 | -1.79 | -93.80 |
| PAT Margin (%) | -21.8% | -28.5% | 4.8% | 11.6% | 17.2% | -98.7% | -3.5% | -2.4% | -0.3% | -16.6% |
| Adjusted EPS (₹) | -0.6 | -1.2 | 0.7 | 0.6 | 0.2 | -14.3 | -3.3 | -4.1 | -0.5 | -26.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 28.59 | 23.83 | 26.40 | 29.47 | 30.16 | -22.20 | -33.09 | -48.57 | -52.68 | -155.45 |
| Share Capital ⓘ | 36.14 | 36.14 | 36.14 | 36.14 | 36.14 | 36.14 | 36.14 | 36.14 | 36.14 | 36.14 |
| Reserves ⓘ | -7.55 | -12.31 | -9.74 | -6.67 | -5.98 | -58.34 | -69.23 | -84.71 | -88.82 | -191.59 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 171.64 | 192.88 | 197.80 | 239.37 | 338.30 | 329.32 | 311.48 | 331.88 | 312.71 | 363.42 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162.29 | 312.71 | 318.77 |
| Short Term Debt | 171.64 | 192.88 | 197.80 | 239.37 | 338.30 | 329.32 | 311.48 | 169.59 | 0 | 44.64 |
| Trade Payables | 19.09 | 13.43 | 5.53 | 4.29 | 15.35 | 84.71 | 129.58 | 122.93 | 89.34 | 32.10 |
| Others Liabilities ⓘ | 52.41 | 84.18 | 89.20 | 84.54 | 81.54 | 27.39 | 80.25 | 131.68 | 149.55 | 55.40 |
| Total Liabilities ⓘ | 271.73 | 314.31 | 318.92 | 357.66 | 465.35 | 419.21 | 488.22 | 537.92 | 498.92 | 295.47 |
Fixed Assets | ||||||||||
| Gross Block | 273.05 | 276.75 | 276.76 | 276.76 | 276.82 | 603.30 | 603.71 | 602.65 | 612.63 | 619.02 |
| Accumulated Depreciation | 211.32 | 212.64 | 213.83 | 214.85 | 215.75 | 223.08 | 231.80 | 241.73 | 251.64 | 443.49 |
| Net Fixed Assetsⓘ | 61.73 | 64.10 | 62.93 | 61.92 | 61.07 | 380.22 | 371.92 | 360.92 | 361 | 175.52 |
| CWIP ⓘ | 179.91 | 206.14 | 237.06 | 262.10 | 315.41 | 0 | 0 | 0 | 0 | 25.62 |
| Investmentsⓘ | 0.31 | 0.28 | 0.28 | 1.44 | 1.44 | 1.44 | 3.16 | 3.16 | 2.74 | 2.62 |
| Inventories | 13.47 | 28.29 | 6.14 | 3.87 | 40.03 | 6.89 | 68.67 | 119.24 | 78.57 | 20.01 |
| Trade Receivables | 0 | 0 | 0.23 | 8.43 | 3.09 | 2.78 | 3.36 | 0.63 | 0.81 | 20.61 |
| Cash Equivalents | 0.38 | 0.41 | 0.55 | 0.15 | 0.36 | 0.09 | 1.10 | 1.56 | 0.95 | 2.74 |
| Others Assetsⓘ | 15.93 | 15.09 | 11.74 | 19.75 | 43.95 | 27.79 | 40.01 | 52.40 | 54.84 | 48.35 |
| Total Assets ⓘ | 271.73 | 314.31 | 318.92 | 357.66 | 465.35 | 419.21 | 488.22 | 537.92 | 498.92 | 295.47 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.55 | 12.72 | 33.26 | -2.94 | -48.30 | 9.19 | 18.04 | 3.42 | 18.25 | -10.45 |
| PBT ⓘ | -2.09 | -4.18 | 2.68 | 2.27 | 0.67 | -41.42 | 5.14 | -10.74 | 3.41 | -127.46 |
| Adjustment ⓘ | 7.67 | 7.31 | 7.79 | 7.76 | 1.31 | 7.11 | 8.22 | 33.84 | 25.07 | 125.79 |
| Changes in Working Capital ⓘ | -5.03 | 9.59 | 22.79 | -12.97 | -50.27 | 43.65 | 5.15 | -19.48 | -10.33 | -6.75 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -0.15 | -0.47 | -0.20 | 0.10 | -2.04 |
| Cash Flow From Investing Activity ⓘ | -88.48 | -27.92 | -31.37 | -32.26 | -50.08 | -3.82 | -0.40 | 0.65 | -1.32 | -31.43 |
| Capex | -0.83 | -3.70 | -0.02 | 0 | -0.06 | -11.06 | -0.42 | -0.01 | -8.95 | -36.33 |
| Net Investments | 0 | 0.03 | -0.50 | 0 | 0 | -0.06 | -0.03 | -0.32 | 0 | 0.13 |
| Others ⓘ | -87.65 | -24.25 | -30.86 | -32.25 | -50.02 | 7.30 | 0.05 | 0.99 | 7.63 | 4.77 |
| Cash Flow From Financing Activityⓘ | 87.61 | 15.22 | -1.74 | 34.79 | 98.58 | -5.67 | -16.81 | -3.90 | -17.04 | 43.66 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16.96 | 44.24 |
| Interest Paid ⓘ | -6.01 | -6.01 | -6.66 | -6.78 | -0.35 | -0.02 | 0.51 | -24 | 0 | -0.50 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 93.62 | 21.23 | 4.92 | 41.57 | 98.93 | -5.65 | -17.32 | 20.09 | -0.08 | -0.08 |
| Net Cash Flow ⓘ | -0.33 | 0.02 | 0.15 | -0.40 | 0.21 | -0.29 | 0.83 | 0.17 | -0.12 | 1.79 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.74 | -16.96 | 10.22 | 8.16 | 2.09 | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 2.54 | 0.88 | 4.24 | 3.67 | 0.33 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.04 | 0.06 | 0.18 | 0.06 | 0.01 | 0.12 | 0.76 | 1.18 | 1.35 | 1.42 |
| PAT to CFO Conversion(x) | N/A | N/A | 12.94 | -1.29 | -77.9 | N/A | N/A | N/A | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 0 | 0 | 1 | 80 | 583 | 21 | 3 | 1 | 0 | 7 |
| Inventory Days | 399 | 448 | 111 | 93 | 2,221 | 164 | 40 | 57 | 52 | 32 |
| Payable Days | 1,519 | 497 | 91 | 748 | 0 | 326 | 133 | 90 | 67 | 51 |
Nova Iron & Steel was incorporated in the year 1989. The company is promoted by Nova Magnetics, Nova Electro-Magnetics and Nova Steels, all belonging to R.K. Gambhir and G. K. Gambhir of the Nova RG group. The registered office is at Dagori village, Belha tehsil, Bilaspur - 495224, Chattisgarh.
The company engages in the manufacture and sale of sponge iron in India. The company also provides product separation, screening, and storage facilities. During the year 1993-94, the company came out with a public issue of 5, 27, 00,000 equity shares of Rs 10 each for cash to part finance their sponge iron project at Bilaspur, Madhya Pradesh. In July 15, 1994, the company inaugurated the sponge iron plant at Bilaspur. In September 26, 1994, they started trial production.
The company entered into agreement with Nova Steels (India) for the supply of entire production of sponge iron. During the year 1994-95, the company started selling their products in the market. The company’s project is one of the initial coal-based Sponge Iron Projects in India with the Technical knowhow from Lurgi Chemie MetaHurgie Industriebau GmbH, Germany. The company was declared a sick industrial unit by the Board for Industrial and Financial Reconstruction (BIFR) vide its order dated June 23, 1998 and continues to be registered with BIFR.
The entire one-time settlement amount has been paid off, and there are no secured loans and thus no interest burden now. The company has started generating profits and the management is focusing on an expansion plan.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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