BSE: 0 | NSE: NMSTEEL | Steel & Iron Products |
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 21.5% | 16.8% | 15.5% | 11% | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 300 | 318 | 355 | 300 | 0 |
| Sales YoY Gr. | - | 6% | 11.6% | -15.4% | - |
| Adj EPS ⓘ | 5.9 | 5.3 | 4.4 | 2.4 | 0 |
| YoY Gr. | - | -9.4% | -17.3% | -45.9% | - |
| BVPS (₹) ⓘ | 18.6 | 23.9 | 28.6 | 32 | 0 |
| Adj Net Profit ⓘ | 7.4 | 6.7 | 5.6 | 3 | NAN |
| Cash Flow from Ops. ⓘ | 12 | -3.7 | 31.1 | -21.3 | - |
| Debt/CF from Ops. ⓘ | 3 | -13.2 | 0.9 | -2.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 0% | -15.4% | ||||
| Adj EPS ⓘ | NA | NA | -26% | -45.9% | ||||
| BVPSⓘ | NA | NA | 19.9% | 11.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 31.7 | 25.1 | 16.8 | 7.8 | 0 |
| Op. Profit Mgn % ⓘ | 3.1 | 2.3 | 2.1 | 2.5 | NAN |
| Net Profit Mgn % ⓘ | 2.5 | 2.1 | 1.6 | 1 | NAN |
| Debt to Equity ⓘ | 1.6 | 1.6 | 0.8 | 1.5 | - |
| Working Cap Days ⓘ | 0 | 64 | 65 | 83 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 41 | 38 | 55 | 0 |
Recent Performance Summary not available for IPO
Recent Performance Summary not available for IPO
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | - | - |
| TTM Sales (₹ Cr.) | - | - |
| BVPS (₹.) ⓘ | - | - |
| Reserves (₹ Cr.) ⓘ | - | - |
| P/BV ⓘ | - | - |
| PE ⓘ | - | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | - |
| Equity (₹ Cr.) | - |
| Face Value (₹) | - |
| Industry PE ⓘ | - |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 300.05 | 317.92 | 354.80 | 300.16 |
| Operating Expenses ⓘ | 290.71 | 310.57 | 347.40 | 292.59 |
| Manufacturing Costs | 4.05 | 3.86 | 5.19 | 7.48 |
| Material Costs | 281.21 | 301.08 | 336.29 | 279.62 |
| Employee Cost | 3.36 | 3.53 | 4.44 | 3.62 |
| Other Costs ⓘ | 2.10 | 2.10 | 1.48 | 1.87 |
| Operating Profit ⓘ | 9.34 | 7.35 | 7.40 | 7.57 |
| Operating Profit Margin (%) | 3.1% | 2.3% | 2.1% | 2.5% |
| Other Income ⓘ | 4.77 | 5.69 | 5.16 | 2.99 |
| Interest ⓘ | 3.30 | 2.67 | 3.05 | 3.29 |
| Depreciation ⓘ | 1.27 | 1.32 | 1.45 | 1.56 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 9.54 | 9.04 | 8.05 | 5.70 |
| Tax ⓘ | 1.90 | 2.31 | 2.05 | 1.43 |
| Profit After Tax | 7.64 | 6.73 | 6 | 4.27 |
| PAT Margin (%) | 2.5% | 2.1% | 1.7% | 1.4% |
| Adjusted EPS (₹) | 6.0 | 5.3 | 4.8 | 3.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 23.47 | 30.20 | 36.20 | 40.47 | ||||||
| Share Capital ⓘ | 12.65 | 12.65 | 12.65 | 12.65 | ||||||
| Reserves ⓘ | 10.82 | 17.55 | 23.56 | 27.82 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 31.55 | 44.16 | 22.75 | 54.37 | ||||||
| Long Term Debt | 17.75 | 17.06 | 12.09 | 7.63 | ||||||
| Short Term Debt | 13.79 | 27.10 | 10.66 | 46.74 | ||||||
| Trade Payables | 0.19 | 6.46 | 17.78 | 8.58 | ||||||
| Others Liabilities ⓘ | 9.26 | 9.20 | 10.62 | 8.66 | ||||||
| Total Liabilities ⓘ | 64.47 | 90.02 | 87.35 | 112.08 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 24.09 | 26.25 | 28.51 | 28.87 | ||||||
| Accumulated Depreciation | 4.30 | 5.62 | 6.98 | 8.54 | ||||||
| Net Fixed Assetsⓘ | 19.79 | 20.64 | 21.53 | 20.32 | ||||||
| CWIP ⓘ | 0.52 | 2.14 | 0.30 | 0.54 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 13.24 | 33.22 | 36.64 | 47.54 | ||||||
| Trade Receivables | 13.07 | 18.28 | 10.66 | 21.18 | ||||||
| Cash Equivalents | 0.03 | 0.11 | 6.80 | 12.77 | ||||||
| Others Assetsⓘ | 17.81 | 15.63 | 11.42 | 9.73 | ||||||
| Total Assets ⓘ | 64.47 | 90.02 | 87.35 | 112.08 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12.03 | -3.73 | 31.09 | -21.31 |
| PBT ⓘ | 9.54 | 9.04 | 8.05 | 5.67 |
| Adjustment ⓘ | 4.49 | 3.98 | 4.20 | 4.60 |
| Changes in Working Capital ⓘ | -0.21 | -14.42 | 20.98 | -29.7 |
| Tax Paid ⓘ | -1.79 | -2.33 | -2.14 | -1.88 |
| Cash Flow From Investing Activity ⓘ | -0.72 | -3.78 | -0.62 | -0.63 |
| Capex | -0.62 | -3.78 | -0.51 | -0.59 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.10 | 0.01 | -0.10 | -0.04 |
| Cash Flow From Financing Activityⓘ | -11.30 | 7.57 | -23.78 | 27.92 |
| Net Proceeds from Shares ⓘ | 2 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -5.08 | 17.10 | 10.17 | 0 |
| Interest Paid ⓘ | -3.22 | -2.66 | -2.73 | -3.04 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -5 | -6.87 | -31.22 | 30.96 |
| Net Cash Flow ⓘ | 0.01 | 0.07 | 6.69 | 5.98 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 32.54 | 25.08 | 18.09 | 11.13 | ||||||
| ROCE (%) | 21.45 | 16.83 | 15.45 | 10.98 | ||||||
| Asset Turnover Ratio | 4.65 | 4.12 | 4.01 | 3.03 | ||||||
| PAT to CFO Conversion(x) | 1.57 | -0.55 | 5.18 | -4.99 | Working Capital Days | |||||
| Receivable Days | 16 | 18 | 15 | 19 | ||||||
| Inventory Days | 16 | 27 | 36 | 51 | ||||||
| Payable Days | 0 | 4 | 13 | 17 | ||||||
NewMalayalam Steel Limited was incorporated on March 31, 2017 as ‘NewMalayalam Steel Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Deputy Registrar of Companies, Registrar of Companies, Central Registration Centre. Further, the company was converted into a public limited company pursuant to a resolution passed by Board of Directors in their meeting held on December 15, 2023 and by its Shareholders in an Extraordinary General Meeting held on December 19, 2023 and consequently the name of the company was changed to ‘NewMalayalam Steel Limited’ and a fresh certificate of incorporation dated February 1, 2024 was issued by the Registrar of Companies, Central Processing Centre.
The company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets. Owing to the consistent efforts of its Promoters, it has been able to create a brand presence in Kerala, under the name of ‘Demac Steel’. Its products find extensive application in the general households of Kerala. Galvanised pipes and tubes are used for building the roofs to reduce heat and avoid leakage, further the galvanisation process offers an added advantage of increasing the life of the product and enhancing its quality by making it rust-free. Its products are therefore manufactured to provide an effective solution to the continuous damage caused to houses in Kerala on account of inclement weather condition. Accordingly, its products experience a constant demand on account of being an indispensable raw material in the construction industry in Kerala. In order to market and sell its products, it has established a widespread dealer base in Kerala through which it sells its products to local contractors and retailers.
Business area of the company
The company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets.
Products of the company
Awards and accreditations
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