BSE: 0 | NSE: DEEM | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Deem Roll-Tech Ltd is a average quality company.
The key valuation ratios of Deem Roll-Tech 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 Deem Roll-Tech 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 23.4% | 19.4% | 22.5% | 16.1% | - |
| Value Creation Index ⓘ | 0.7 | 0.4 | 0.6 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 63.8 | 91.7 | 103 | 101 | 101 |
| Sales YoY Gr. | - | 43.8% | 12.7% | -2.5% | - |
| Adj EPS ⓘ | 5.6 | 7.6 | 11.6 | 9.3 | 9.4 |
| YoY Gr. | - | 34.9% | 52.2% | -19.9% | - |
| BVPS (₹) ⓘ | 39.5 | 46.5 | 66.3 | 88.5 | 88.5 |
| Adj Net Profit ⓘ | 3.3 | 4.4 | 6.8 | 7.7 | 8 |
| Cash Flow from Ops. ⓘ | 6.1 | 6.1 | -2.3 | -3.6 | - |
| Debt/CF from Ops. ⓘ | 3 | 2.7 | -9 | -6.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 16.5% | -2.5% | ||||
| Adj EPS ⓘ | NA | NA | 18.1% | -19.9% | ||||
| BVPSⓘ | NA | NA | 30.8% | 33.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.8 | 12.5 | 15.6 | 11.6 | 10.6 |
| Op. Profit Mgn % ⓘ | 17.1 | 11.1 | 11.7 | 13.6 | NAN |
| Net Profit Mgn % ⓘ | 5.2 | 4.8 | 6.5 | 7.7 | 7.8 |
| Debt to Equity ⓘ | 0.8 | 0.6 | 0.5 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 171 | 177 | 238 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 78 | 89 | 133 | 0 |
Sales growth is growing at healthy rate in last 3 years 16.49%
Net Profit is growing at healthy rate in last 3 years 18.06%
Return on Equity has declined versus last 3 years average to 10.60%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.4 | - |
| TTM Sales (₹ Cr.) | 101 | - |
| BVPS (₹.) ⓘ | 88.5 | - |
| Reserves (₹ Cr.) ⓘ | 65 | - |
| P/BV ⓘ | 1.04 | - |
| PE ⓘ | 9.79 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 76.5 |
| Equity (₹ Cr.) | 8.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 63.79 | 91.70 | 103.37 | 100.83 |
| Operating Expenses ⓘ | 53.36 | 82.18 | 91.24 | 87.15 |
| Manufacturing Costs | 11.06 | 12.89 | 15.27 | 13.76 |
| Material Costs | 29.59 | 53.24 | 60.50 | 55.49 |
| Employee Cost | 7.12 | 8.75 | 8.14 | 9.44 |
| Other Costs ⓘ | 5.59 | 7.30 | 7.32 | 8.46 |
| Operating Profit ⓘ | 10.44 | 9.52 | 12.13 | 13.68 |
| Operating Profit Margin (%) | 16.4% | 10.4% | 11.7% | 13.6% |
| Other Income ⓘ | 0.82 | 0.42 | 1.15 | 0.60 |
| Interest ⓘ | 2.92 | 2.21 | 1.98 | 2.63 |
| Depreciation ⓘ | 1.63 | 1.72 | 1.71 | 1.77 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 6.71 | 6.01 | 9.58 | 9.88 |
| Tax ⓘ | 3.73 | 1.91 | 2.50 | 2.07 |
| Profit After Tax | 2.98 | 4.10 | 7.08 | 7.81 |
| PAT Margin (%) | 4.7% | 4.5% | 6.8% | 7.7% |
| Adjusted EPS (₹) | 5.1 | 7.0 | 12.1 | 9.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 33.56 | 37.66 | 49.22 | 84.26 | ||||||
| Share Capital ⓘ | 1.38 | 1.38 | 1.38 | 8.34 | ||||||
| Reserves ⓘ | 32.18 | 36.27 | 47.84 | 75.92 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 12.59 | 14.90 | 19.41 | 20.83 | ||||||
| Long Term Debt | 3.93 | 3.28 | 1.99 | 2.30 | ||||||
| Short Term Debt | 8.65 | 11.62 | 17.43 | 18.53 | ||||||
| Trade Payables | 15.01 | 14.37 | 12.79 | 15.70 | ||||||
| Others Liabilities ⓘ | 17.83 | 15.70 | 12.18 | 13.30 | ||||||
| Total Liabilities ⓘ | 78.99 | 82.63 | 93.59 | 134.09 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 50.83 | 51.45 | 52.91 | 55.62 | ||||||
| Accumulated Depreciation | 16.57 | 18.30 | 19.83 | 21.60 | ||||||
| Net Fixed Assetsⓘ | 34.26 | 33.15 | 33.08 | 34.02 | ||||||
| CWIP ⓘ | 0.20 | 0.74 | 0.68 | 0.58 | ||||||
| Investmentsⓘ | 0 | 1 | 0 | 0 | ||||||
| Inventories | 24.47 | 20.16 | 26.39 | 38.45 | ||||||
| Trade Receivables | 12.65 | 15.75 | 19.27 | 23.55 | ||||||
| Cash Equivalents | 2.62 | 3.83 | 3.63 | 24.08 | ||||||
| Others Assetsⓘ | 4.80 | 8 | 10.56 | 13.40 | ||||||
| Total Assets ⓘ | 78.99 | 82.63 | 93.59 | 134.09 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6.11 | 6.06 | -2.30 | -3.62 |
| PBT ⓘ | 6.71 | 6.01 | 9.58 | 9.88 |
| Adjustment ⓘ | 4 | 3.76 | 3.25 | 4.29 |
| Changes in Working Capital ⓘ | -4.6 | -3.71 | -14.03 | -16.34 |
| Tax Paid ⓘ | 0 | 0 | -1.10 | -1.45 |
| Cash Flow From Investing Activity ⓘ | -1.60 | -2.05 | -0.49 | -2.51 |
| Capex | -1.73 | -1.16 | -1.61 | -2.61 |
| Net Investments | 0 | -1 | 1 | 0 |
| Others ⓘ | 0.13 | 0.10 | 0.12 | 0.10 |
| Cash Flow From Financing Activityⓘ | -3.85 | -2.79 | 2.59 | 26.59 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 27.55 |
| Net Proceeds from Borrowing ⓘ | -1.02 | -0.65 | -1.30 | 0.31 |
| Interest Paid ⓘ | -2.84 | -2.14 | -1.92 | -2.63 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 5.80 | 1.35 |
| Net Cash Flow ⓘ | 0.66 | 1.21 | -0.20 | 20.46 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.93 | 16.32 | 21.49 | 13.89 | ||||||
| ROCE (%) | 23.43 | 19.42 | 22.45 | 16.06 | ||||||
| Asset Turnover Ratio | 0.81 | 1.13 | 1.17 | 0.89 | ||||||
| PAT to CFO Conversion(x) | 2.05 | 1.48 | -0.32 | -0.46 | Working Capital Days | |||||
| Receivable Days | 72 | 57 | 62 | 78 | ||||||
| Inventory Days | 140 | 89 | 82 | 117 | ||||||
| Payable Days | 185 | 101 | 82 | 94 | ||||||
Deem Roll-Tech Limited was originally incorporated as a private limited company in the name and style of ‘Deem Roll-Tech Private Limited’ under the Companies Act, 1956 vide certificate of incorporation dated May 1, 2003 issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its members held on February 12, 2008 and consequently, the name of the Company was changed to ‘Deem Roll-Tech Limited’, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated March 4, 2008 was issued by the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli.
The company is one of the manufacturers of high-quality steel and alloy Rolls in India, which is the building block of the iron and steel rolling mill industry. The Rolls manufactured by the company finds its application in the iron and steel rolling mill industries in the domestic and international markets. With many years of experience, the company has been synonymous with quality and reliability in the Roll manufacturing industry which it manufactures both under standard specification and tailored as per the customer specific requirements. The company supplies its Rolls directly to rolling mill manufacturers (OEMs) and in the replacement market to the iron and steel rolling mills through a network of dealers / distributors and agents. It exports its Rolls to over 10 countries, such as USA, Germany, Europe, Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh.
The company manufactures its products from steel scrap, roll scrap, pig iron, nickel, ferro molybdenum, other ferro alloys, resin coated sand, etc. conforming to international standards. It has a highly sophisticated and technically competent manufacturing units located in Gandhinagar, Gujarat (Manufacturing Unit 1), Mehsana, Gujarat (Manufacturing Unit 2) and in Hoogly, West Bengal (Manufacturing Unit 3).
Business area of the company
The company is engaged in the business of supplying Rolls directly to rolling mill manufacturers (OEMs) and in the replacement market to the iron and steel rolling mills through a network of dealers / distributors and agents.
Products of the company
History and milestones
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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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