BSE: 0 | NSE: STEELCITY | Finance - Stock Broking | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Steel City Securities Ltd is a good quality company.
The key valuation ratios of Steel City Securities Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Steel City Securities Ltd is likely to Rise-somewhat 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.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.6% | 20.2% | 12% | 13.6% | 27.4% | 20.9% | 14.8% | 17% | 21.5% | 15.8% | - |
| Value Creation Index ⓘ | -0.3 | 0.4 | -0.1 | 0.0 | 1.0 | 0.5 | 0.1 | 0.2 | 0.5 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 19.4 | 29.6 | 24.9 | 34.1 | 61.7 | 58.8 | 47.5 | 52.4 | 63.5 | 54.5 | 0 |
| Sales YoY Gr. | - | 52.6% | -15.9% | 37.1% | 80.6% | -4.7% | -19.3% | 10.3% | 21.4% | -14.2% | - |
| Adj EPS ⓘ | 2.7 | 5.3 | 3.2 | 3.1 | 7.3 | 5.9 | 5 | 6.2 | 8.6 | 6.8 | 10.4 |
| YoY Gr. | - | 100% | -40.2% | -2.8% | 138% | -19.4% | -14.9% | 22.7% | 38.7% | -21% | - |
| BVPS (₹) ⓘ | 36.5 | 37.6 | 39.3 | 41 | 45.3 | 47 | 49.6 | 53.8 | 59.4 | 63.2 | 76.6 |
| Adj Net Profit ⓘ | 3.3 | 6.6 | 3.9 | 4.7 | 11.1 | 8.9 | 7.6 | 9.3 | 12.9 | 10.2 | 16 |
| Cash Flow from Ops. ⓘ | 7.9 | -8.8 | 8.2 | 8.8 | 19.9 | 13.6 | 6.9 | 2 | 23.5 | 16.3 | - |
| Debt/CF from Ops. ⓘ | 0.4 | -2 | 0.6 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.2% | -2.4% | 4.7% | -14.2% | ||||
| Adj EPS ⓘ | 11% | -1.6% | 10.4% | -21% | ||||
| BVPSⓘ | 6.3% | 6.9% | 8.4% | 6.4% | ||||
| Share Price | - | 27.5% | 20.6% | 56.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.4 | 14.3 | 8.3 | 8.4 | 17 | 12.8 | 10.4 | 11.9 | 15.1 | 11 | 14.9 |
| Op. Profit Mgn % ⓘ | 21.2 | 34.6 | 23.7 | 20.9 | 27.1 | 21.8 | 18.7 | 21.9 | 25.8 | 22.1 | NAN |
| Net Profit Mgn % ⓘ | 16.9 | 22.2 | 15.8 | 13.6 | 18 | 15.2 | 16 | 17.8 | 20.3 | 18.7 | INF |
| Debt to Equity ⓘ | 0.1 | 0.4 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 813 | 607 | 797 | 626 | 405 | 418 | 491 | 512 | 456 | 473 | 0 |
| Cash Conv. Cycle ⓘ | 309 | 218 | 374 | 222 | 103 | 88 | 24 | -21 | -29 | -107 | 0 |
Return on Equity has increased versus last 3 years average to 14.80%
Net Profit is growing at healthy rate in last 3 years 10.36%
Sales growth has been subdued in last 3 years 4.73%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10.4 | 11 |
| TTM Sales (₹ Cr.) | 0 | 0 |
| BVPS (₹.) ⓘ | 76.6 | 87.3 |
| Reserves (₹ Cr.) ⓘ | 101 | 117 |
| P/BV ⓘ | 1.32 | 1.16 |
| PE ⓘ | 9.76 | 9.20 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 153 |
| Equity (₹ Cr.) | 15.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 24 |
| Pledged * | 2.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 22 | 32 | 27 | 35 | 64 | 62 | 50 | 55 | 66 | 58 |
| Interest Income | 19 | 30 | 25 | 34 | 62 | 59 | 47 | 52 | 64 | 55 |
| Other Income ⓘ | 2 | 2 | 2 | 1 | 2 | 3 | 3 | 3 | 3 | 3 |
| Expenditure ⓘ | 17 | 22 | 21 | 29 | 48 | 48 | 40 | 42 | 48 | 44 |
| Interest Expense ⓘ | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Operating Expenses ⓘ | 16 | 20 | 19 | 26 | 45 | 47 | 39 | 40 | 47 | 43 |
| Provisions | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 2 | 1 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 10 | 6 | 7 | 16 | 13 | 10 | 13 | 18 | 14 |
| Taxes ⓘ | 1 | 3 | 2 | 2 | 5 | 4 | 3 | 3 | 5 | 4 |
| Profit After Tax | 3 | 7 | 4 | 5 | 11 | 9 | 8 | 9 | 13 | 10 |
| Adjusted EPS (₹) | 2.7 | 5.3 | 3.2 | 3.1 | 7.3 | 5.9 | 5.0 | 6.2 | 8.6 | 6.8 |
| Dividend Payout Ratio (%) | 38% | 53% | 38% | 65% | 34% | 42% | 30% | 49% | 35% | 44% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 45 | 47 | 49 | 62 | 68 | 71 | 75 | 81 | 90 | 95 |
| Share Capital ⓘ | 12 | 12 | 12 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves ⓘ | 33 | 34 | 36 | 47 | 53 | 56 | 60 | 66 | 75 | 80 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 0 | 0 | 0 | 0 | -1 | -2 | -1 | -2 | -2 |
| Current Liabilities | 27 | 39 | 27 | 38 | 56 | 54 | 58 | 68 | 76 | 71 |
| Trade Payables | 19 | 13 | 17 | 24 | 26 | 26 | 38 | 45 | 50 | 51 |
| Short term borrowings | 3 | 17 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -22 | -30 | -21 | -24 | -26 | -26 | -38 | -45 | -50 | -51 |
| Total Liabilities ⓘ | 72 | 86 | 76 | 100 | 124 | 123 | 131 | 148 | 164 | 164 |
Assets | ||||||||||
| Non Current Asset | 11 | 14 | 14 | 19 | 27 | 19 | 29 | 22 | 25 | 32 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 11 | 14 | 14 | 19 | 27 | 19 | 29 | 22 | 25 | 32 |
| Current Asset | 61 | 72 | 62 | 81 | 97 | 105 | 103 | 126 | 139 | 132 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Asset | 61 | 72 | 62 | 81 | 97 | 105 | 103 | 126 | 139 | 132 |
| Total Assets ⓘ | 72 | 86 | 76 | 100 | 124 | 123 | 131 | 148 | 164 | 164 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 3 | 5 | 3 | 3 | 7 | 6 | 5 | 6 | 9 | 7 |
| DPS (₹) | 1 | 3 | 1 | 2 | 3 | 3 | 2 | 3 | 3 | 3 |
| BVPS (₹) | 37 | 38 | 39 | 41 | 45 | 47 | 50 | 54 | 59 | 63 |
Performance Ratios | ||||||||||
| ROA (%) | 4.4 | 8.3 | 4.9 | 5.3 | 9.9 | 7.2 | 6.0 | 6.7 | 8.3 | 6.2 |
| ROE (%) | 7.4 | 14.3 | 8.3 | 8.4 | 17.0 | 12.8 | 10.4 | 11.9 | 15.1 | 11.0 |
| ROCE (%) | 10.6 | 20.2 | 12.0 | 13.6 | 27.4 | 20.9 | 14.8 | 17.0 | 21.5 | 15.8 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 1.6 | 1.8 | 1.3 | 0.4 | 0.7 | 1.0 | 1.0 |
Steel City Securities, established in 1994, is a leading stock broking and e-governance service Company having pan India presence. Head quartered in Visakhapatnam, the company provides whole range of financial services to its clients through a well established network of branches and offices. It is an ISO 9001:2008 certified company having business operations in 30 states across India. It has a diversified business portfolio covering Capital Market services, E- governance services, Investment advisory in the form of distribution of Mutual Funds, Bonds, IPOs & Corporate Fixed Deposits, Currency Trading, Commodity Broking, Insurance Distribution & NBFC services.
The company has been appointed as a TIN-FC (Tax Information Network - Facilitation Centre) of NSDL E- governance. It also has been empanelled as enrollment agency under Unique Identification Authority of India (UIDAI). E- Governance products served by it includes PAN, TAN, E- TDS, AIR, Form 24G, AADHAAR Card. The company has an approved entity for National Insurance policy Repository (NIR) wherein insurance policies are held in electronic form in a single E-Insurance Account. The company is one of the competent broking outfits who has been recognized and authorized to provide above e-governance services by Government of India.
The company’s subsidiary is a member of MCX and NCDEX providing commodity future trading platform and a corporate Agent with SBI Life Insurance, Reliance Life Insurance, United India Insurance (General Insurance) and Religare Health. The company’s Group Company provides NBFC services which include Personal loans, Gold loans and Loans against securities. The company has its Research and Analysis team to focus on market movements for investment opportunities towards business growth and also to minimize the risk. The company’s online Back- office application is available on 24/7 basis to get the required information instantly.
Business area of the company
The company has a diversified financial services company, providing trading platform under Capital Market, Futures & Options and Currency Derivatives of NSE, BSE and MSE (Formerly known as MCX-SX). It has a Depository Participant of NDSL and CDSL. It distributes Mutual funds and IPO products. The company has been appointed as Point of Presence under PFRDA to promote National Pension Scheme (NPS).
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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