BSE: 526977 | NSE: | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Crimson Metal Engineering Company Ltd is a average quality company.
The key valuation ratios of Crimson Metal Engineering Company 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 Crimson Metal Engineering Company 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.7% | 11.5% | 16.5% | 12.5% | 11.1% | 8.4% | 9% | 9% | 7.5% | 7.3% | - |
| Value Creation Index ⓘ | -0.3 | -0.2 | 0.2 | -0.1 | -0.2 | -0.4 | -0.4 | -0.4 | -0.5 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 44.3 | 45.7 | 46 | 33.2 | 9.9 | 7.3 | 9.4 | 9.6 | 8.2 | 8.3 | 8 |
| Sales YoY Gr. | - | 3.2% | 0.6% | -27.7% | -70.4% | -26.4% | 29% | 3% | -15.3% | 1.5% | - |
| Adj EPS ⓘ | 2 | 1.1 | 1.3 | 1.3 | 0.3 | 0.2 | 0.9 | 1.8 | 0.7 | -3 | -2.9 |
| YoY Gr. | - | -43.6% | 13.6% | 4.8% | -80.2% | -30.8% | 388.9% | 102.3% | -59% | -512.3% | - |
| BVPS (₹) ⓘ | 7.9 | 9 | 10.2 | 11.5 | 11.8 | 12 | 12.8 | 14.6 | 15.4 | 12.3 | 12.4 |
| Adj Net Profit ⓘ | 0.9 | 0.5 | 0.6 | 0.6 | 0.1 | 0.1 | 0.4 | 0.8 | 0.3 | -1.3 | -1 |
| Cash Flow from Ops. ⓘ | 1.8 | 4.6 | 6.6 | -2.3 | 5.8 | 12.7 | 2.6 | 2.8 | 6.6 | 5.9 | - |
| Debt/CF from Ops. ⓘ | 17.2 | 3.9 | 2.5 | -8.3 | 2.7 | 1.9 | 11 | 9.7 | 3.6 | 3.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -17% | -3.4% | -4% | 1.5% | ||||
| Adj EPS ⓘ | -204.9% | -263.2% | -250.7% | -512.3% | ||||
| BVPSⓘ | 5.1% | 0.9% | -1.3% | -19.6% | ||||
| Share Price | - | 3.8% | 8.4% | 15.6% | ||||
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 % ⓘ | 27.5 | 13.1 | 13.1 | 12.1 | 2.2 | 1.5 | 7.1 | 13 | 4.9 | -21.8 | -23.7 |
| Op. Profit Mgn % ⓘ | 9.3 | 8.8 | 9.6 | 11.4 | 34.1 | 44.4 | 48.4 | 48.7 | 49.8 | 45.8 | 45 |
| Net Profit Mgn % ⓘ | 2 | 1.1 | 1.2 | 1.8 | 1.2 | 1.1 | 4.2 | 8.2 | 4 | -16.1 | -16.2 |
| Debt to Equity ⓘ | 9 | 4.5 | 3.7 | 3.7 | 3 | 4.6 | 5.1 | 4.2 | 3.5 | 3.6 | 2.3 |
| Working Cap Days ⓘ | 225 | 174 | 134 | 151 | 467 | 406 | 424 | 486 | 430 | 269 | 83 |
| Cash Conv. Cycle ⓘ | 120 | 118 | 74 | 57 | 224 | 108 | 224 | 354 | 248 | 29 | -142 |
Debt to equity has declined versus last 3 years average to 3.57
Return on Equity is Poor
Sales growth has been subdued in last 3 years -3.97%
Sales growth is not so good in last 4 quarters at 9.58%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2.9 | - |
| TTM Sales (₹ Cr.) | 8 | - |
| BVPS (₹.) ⓘ | 12.4 | - |
| Reserves (₹ Cr.) ⓘ | 1 | - |
| P/BV ⓘ | 0.83 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 9.38 / 10.33 |
| All Time Low / High (₹) | 0.60 / 30.25 |
| Market Cap (₹ Cr.) | 4.6 |
| Equity (₹ Cr.) | 4.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 22.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 44.31 | 45.72 | 45.99 | 33.24 | 9.85 | 7.25 | 9.35 | 9.63 | 8.16 | 8.28 |
| Operating Expenses ⓘ | 40.20 | 41.72 | 41.58 | 29.44 | 6.50 | 4.03 | 4.83 | 4.94 | 4.10 | 4.49 |
| Manufacturing Costs | 5.28 | 5.47 | 5.34 | 6.64 | 0.60 | 0 | 0.03 | 0.02 | 0.08 | 0.52 |
| Material Costs | 31.57 | 32.07 | 32.77 | 15.71 | 4.30 | 2.16 | 3.05 | 3.33 | 2.66 | 2.75 |
| Employee Cost | 1.96 | 1.24 | 1.46 | 1.60 | 0.16 | 0.65 | 0.59 | 0.61 | 0.38 | 0.16 |
| Other Costs ⓘ | 1.40 | 2.94 | 2 | 5.50 | 1.43 | 1.22 | 1.16 | 0.98 | 0.99 | 1.06 |
| Operating Profit ⓘ | 4.11 | 4 | 4.41 | 3.80 | 3.35 | 3.22 | 4.52 | 4.69 | 4.06 | 3.79 |
| Operating Profit Margin (%) | 9.3% | 8.8% | 9.6% | 11.4% | 34.1% | 44.4% | 48.4% | 48.7% | 49.8% | 45.8% |
| Other Income ⓘ | 0.20 | 0.20 | 0.12 | 0.14 | 0.23 | 0.01 | 0.01 | 0.05 | 0.01 | 0.04 |
| Interest ⓘ | 2.66 | 2.47 | 2.73 | 2.24 | 2.32 | 2.01 | 2.78 | 2.96 | 2.26 | 1.83 |
| Depreciation ⓘ | 0.95 | 0.95 | 0.97 | 1.11 | 1.12 | 1.12 | 1.64 | 1.68 | 1.69 | 1.82 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.70 | 0.78 | 0.83 | 0.59 | 0.14 | 0.09 | 0.12 | 0.10 | 0.12 | 0.18 |
| Tax ⓘ | -0.16 | 0.29 | 0.27 | 0 | 0.03 | 0.02 | -0.27 | -0.69 | -0.21 | 1.51 |
| Profit After Tax | 0.86 | 0.49 | 0.55 | 0.58 | 0.11 | 0.08 | 0.39 | 0.79 | 0.32 | -1.33 |
| PAT Margin (%) | 2.0% | 1.1% | 1.2% | 1.7% | 1.2% | 1.1% | 4.2% | 8.2% | 4.0% | -16.1% |
| Adjusted EPS (₹) | 2.0 | 1.1 | 1.3 | 1.3 | 0.3 | 0.2 | 0.9 | 1.8 | 0.7 | -3.0 |
| 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 | 3.48 | 3.97 | 4.52 | 5.10 | 5.22 | 5.30 | 5.69 | 6.47 | 6.80 | 5.46 |
| Share Capital ⓘ | 4.43 | 4.43 | 4.43 | 4.43 | 4.43 | 4.43 | 4.43 | 4.43 | 4.43 | 4.43 |
| Reserves ⓘ | -0.95 | -0.46 | 0.09 | 0.67 | 0.79 | 0.87 | 1.26 | 2.05 | 2.37 | 1.03 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 31.21 | 17.48 | 16.85 | 18.73 | 13.83 | 24.20 | 22.38 | 21.26 | 16.70 | 12.17 |
| Long Term Debt | 17.33 | 3.70 | 16.85 | 18.73 | 13.83 | 24.01 | 22.28 | 21.16 | 16.60 | 12.07 |
| Short Term Debt | 13.88 | 13.77 | 0 | 0 | 0 | 0.19 | 0.10 | 0.10 | 0.10 | 0.10 |
| Trade Payables | 2.65 | 3.37 | 5.61 | 0.60 | 0.08 | 1.90 | 0.89 | 1.05 | 1.26 | 1.85 |
| Others Liabilities ⓘ | 2.19 | 14.75 | 2.35 | 7.50 | 3.34 | 2.45 | 9.83 | 7.43 | 8.16 | 11.09 |
| Total Liabilities ⓘ | 39.53 | 39.56 | 29.33 | 31.94 | 22.47 | 33.85 | 38.79 | 36.22 | 32.92 | 30.58 |
Fixed Assets | ||||||||||
| Gross Block | 25.94 | 25.94 | 26.39 | 29.34 | 13.94 | 29.65 | 43.17 | 43.17 | 44.87 | 49.28 |
| Accumulated Depreciation | 11.56 | 12.51 | 13.48 | 14.58 | 0 | 16.83 | 18.46 | 20.14 | 21.83 | 23.65 |
| Net Fixed Assetsⓘ | 14.38 | 13.43 | 12.91 | 14.76 | 13.94 | 12.82 | 24.71 | 23.03 | 23.04 | 25.62 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0.87 | 2.46 | 0.03 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 7.82 | 3.86 | 1.92 | 1.87 | 1.27 | 1.22 | 1.22 | 1.22 | 1.22 | 1.10 |
| Trade Receivables | 11.11 | 16.78 | 6.08 | 7.61 | 2.32 | 3.08 | 10.84 | 8.68 | 3.87 | 0 |
| Cash Equivalents | 0.95 | 2.69 | 6.03 | 0.12 | 0.35 | 0.04 | 0.34 | 0.39 | 0.11 | 0.03 |
| Others Assetsⓘ | 5.27 | 2.80 | 2.39 | 7.58 | 4.58 | 3.68 | 1.67 | 2.03 | 2.22 | 3.80 |
| Total Assets ⓘ | 39.53 | 39.56 | 29.33 | 31.94 | 22.47 | 33.85 | 38.79 | 36.22 | 32.92 | 30.58 |
| 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 ⓘ | 1.82 | 4.61 | 6.63 | -2.26 | 5.79 | 12.73 | 2.63 | 2.80 | 6.56 | 5.88 |
| PBT ⓘ | 0.70 | 0.78 | 0.83 | 0.59 | 0.14 | 0.09 | 0.12 | 0.10 | 0.12 | 0.18 |
| Adjustment ⓘ | 3.40 | 3.26 | 3.58 | 3.21 | 1.12 | 3.13 | 4.40 | 4.58 | 3.94 | 3.61 |
| Changes in Working Capital ⓘ | -2.15 | 0.73 | 2.38 | -5.94 | 4.55 | 11.53 | 0.89 | 1.07 | 4.76 | 3.92 |
| Tax Paid ⓘ | -0.14 | -0.15 | -0.17 | -0.12 | -0.03 | -0.02 | 0 | 0.01 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0.07 | 0.46 | -0.04 | -3.45 | -0.31 | -12.99 | -0.52 | -0.82 | -3.28 | -1.94 |
| Capex | -0.13 | -0.01 | -0.45 | -2.95 | -0.31 | 0 | -13.52 | 0 | -1.70 | -4.40 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.20 | 0.47 | 0.40 | -0.50 | 0 | -12.99 | 13.01 | -0.82 | -1.58 | 2.46 |
| Cash Flow From Financing Activityⓘ | -1.99 | -3.34 | -3.24 | -0.20 | -5.24 | 0.02 | -1.82 | -1.94 | -3.56 | -4.02 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.67 | -0.77 | 13.15 | 1.90 | -4.90 | 0.02 | -1.72 | -1.12 | -4.56 | -4.53 |
| Interest Paid ⓘ | -2.66 | -2.47 | -2.73 | -2.24 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -0.11 | -13.65 | 0.14 | -0.34 | 0 | -0.09 | -0.82 | 1.01 | 0.51 |
| Net Cash Flow ⓘ | -0.10 | 1.73 | 3.34 | -5.91 | 0.23 | -0.25 | 0.30 | 0.05 | -0.28 | -0.08 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.51 | 13.1 | 13.07 | 12.08 | 2.22 | 1.49 | 7.12 | 12.97 | 4.9 | -21.75 |
| ROCE (%) | 9.68 | 11.5 | 16.5 | 12.52 | 11.05 | 8.36 | 8.98 | 8.96 | 7.46 | 7.26 |
| Asset Turnover Ratio | 1.02 | 1.26 | 1.34 | 1.08 | 0.36 | 0.26 | 0.26 | 0.26 | 0.24 | 0.26 |
| PAT to CFO Conversion(x) | 2.12 | 9.41 | 12.05 | -3.9 | 52.64 | 159.13 | 6.74 | 3.54 | 20.5 | N/A | Working Capital Days |
| Receivable Days | 132 | 102 | 91 | 75 | 184 | 136 | 272 | 370 | 281 | 0 |
| Inventory Days | 45 | 43 | 23 | 21 | 58 | 63 | 48 | 46 | 55 | 51 |
| Payable Days | 72 | 34 | 50 | 72 | 29 | 167 | 167 | 106 | 158 | 207 |
Crimson Metal Engineering Company (CMECL) formerly well known as Sri Saarbati Steel Tubes Ltd, was established in 1985 and became one of the leading manufacturers of both Galvanized and Black Pipes.
The company is managed by a professional board of Directors with years of experience in steel pipe manufacturing. It employs state of the art machinery to produce high quality flawless range of pipes suitable for multiple applications in various fields. It has the latest technology, plant & Machinery and testing Equipments coupled with vigilant quality control department, which ensures better quality products. The company with optimized production and perfect management ensures good quality products, which ultimately guarantees the buyers satisfaction.
Business area of the company
The company manufacturers of both Galvanized and Black Pipes. It is also manufacturing Square and Rectangular Hollow sections and Pipe rolled out of Pre Galvanized Coils.
Products of the company
Awards & Certification
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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