ESL Steel Ltd - Stock Valuation and Financial Performance

Name: ESL Steel
Brand: ESL Steel

BSE: 533264 | NSE: ELECTROSL | Steel & Iron Products | Small Cap

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Based on:

Data

M-Cap below 100cr DeciZen not available

ESL Steel stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

6,091 Cr.

52-wk low:

31.1

52-wk high:

31.1

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of ESL Steel Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of ESL Steel:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

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 % ⓘ	-1.6%	1.4%	-3.2%	-82.8%	29%	5.1%	4.3%	3.9%	-1%	-2.6%	-
Value Creation Index ⓘ	-1.1	-0.9	NA	NA	1.2	-0.6	-0.7	-0.7	-1.1	-1.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,831	2,598	2,545	3,589	4,952	4,378	4,771	6,596	7,978	8,508	6,596
Sales YoY Gr.	-	41.9%	-2%	41%	38%	-11.6%	9%	38.2%	21%	6.7%	-
Adj EPS ⓘ	-2.6	-2.2	-6	-25.8	54.6	-0.2	15	-0.4	-3	-5.1	-0.5
YoY Gr.	-	NA	NA	NA	NA	-100.4%	NA	-102.7%	NA	NA	-
BVPS (₹) ⓘ	4.5	3.7	-2.4	-27.8	94.7	18.9	33.7	33.1	30.1	24.9	16.8
Adj Net Profit ⓘ	-620	-529	-1,455	-6,203	1,072	-39.9	2,778	-74.4	-547	-951	-94
Cash Flow from Ops. ⓘ	-384	721	204	1,040	854	673	78.4	1,551	953	1,264	-
Debt/CF from Ops. ⓘ	-26.6	14.2	50.3	9.5	4.2	5.3	42.3	1.9	3.9	2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	18.6%	11.4%	21.3%	6.7%
Adj EPS ⓘ	NA	-162.3%	-170%	NA
BVPSⓘ	20.8%	-23.5%	-9.6%	-17.4%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

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 % ⓘ	-47.9	-53.2	-888.7	170.5	-69.5	-1.1	57.2	-1.2	-9.4	-18.7	-2.3
Op. Profit Mgn % ⓘ	1.4	4.7	2.2	9.9	18	13.6	18.1	8.6	3.6	1.9	10.7
Net Profit Mgn % ⓘ	-33.9	-20.4	-57.2	-172.9	21.6	-0.9	58.2	-1.1	-6.9	-11.2	-1.4
Debt to Equity ⓘ	9.3	11.5	-18.1	-1.5	1.9	1	0.5	0.5	0.7	0.7	1.1
Working Cap Days ⓘ	203	180	160	119	89	97	127	111	93	85	76
Cash Conv. Cycle ⓘ	85	79	83	41	6	10	-16	-9	23	32	-233

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - ESL Steel Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.5	-
TTM Sales (₹ Cr.)	6,596	-
BVPS (₹.) ⓘ	16.8	-
Reserves (₹ Cr.) ⓘ	1,339	-
P/BV ⓘ	1.85	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	31.05 / 31.05
All Time Low / High (₹)	0.83 / 78.10
Market Cap (₹ Cr.)	6,091
Equity (₹ Cr.)	1,961.7
Face Value (₹)	10
Industry PE ⓘ	22

Management X-Ray of ESL Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

79.53

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of ESL Steel

Analyst's Notes

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Key Ratios of ESL Steel

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,831.24	2,597.69	2,545.13	3,588.75	4,951.55	4,377.51	4,771.43	6,595.87	7,977.58	8,508.12
Operating Expenses ⓘ	1,811.80	2,522.24	2,501.69	3,253.66	4,124.01	3,812.31	3,921.75	6,033.64	7,703.25	8,347.40
Manufacturing Costs	256.98	354.15	527.75	574.05	634.56	622.36	541.16	993.01	2,278.77	3,053.33
Material Costs	1,356.65	1,784.57	1,634.11	2,180.93	2,954.19	2,682.01	2,813.45	4,341.73	4,617.18	4,534.08
Employee Cost	44.73	84.04	131.18	147.71	154.53	161.81	154.40	161.59	213.26	225.90
Other Costs ⓘ	153.44	299.48	208.65	350.97	380.73	346.12	412.75	537.31	594.04	534.10
Operating Profit ⓘ	19.44	75.45	43.44	335.09	827.53	565.20	849.68	562.23	274.33	160.72
Operating Profit Margin (%)	1.1%	2.9%	1.7%	9.3%	16.7%	12.9%	17.8%	8.5%	3.4%	1.9%
Other Income ⓘ	15.60	15.71	97.68	88.53	55.43	103.64	127.81	203.97	74.70	110.52
Interest ⓘ	451.73	526.63	1,125.81	789.96	322.46	384.14	376.53	338.22	376.05	431.61
Depreciation ⓘ	207.35	209.05	478.79	534.15	304.63	306.52	346.43	345.30	443.75	463.01
Exceptional Items ⓘ	0	276.52	0	-5,238.36	930.94	0	-276.34	-58.48	0	-25.79
Profit Before Tax ⓘ	-624.03	-367.99	-1,463.48	-6,138.85	1,186.80	-21.81	-21.81	24.20	-470.77	-649.18
Tax ⓘ	0.01	0	0	0	0	0	-2,753.83	118.80	87.13	318.39
Profit After Tax	-624.04	-367.99	-1,463.48	-6,138.85	1,186.80	-21.81	2,732.01	-94.59	-557.91	-967.57
PAT Margin (%)	-34.1%	-14.2%	-57.5%	-171.0%	24.0%	-0.5%	57.3%	-1.4%	-7.0%	-11.4%
Adjusted EPS (₹)	-2.6	-1.5	-6.1	-25.5	60.5	-0.1	14.8	-0.5	-3.0	-5.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	1,092.84	895.38	-567.85	-6,707.62	1,857.11	3,492.83	6,224.33	6,127.73	5,567.06	4,598.68
Share Capital ⓘ	2,409.24	2,409.24	2,409.24	2,409.24	196.17	1,849.03	1,849.03	1,849.03	1,849.03	1,849.03
Reserves ⓘ	-1,316.40	-1,513.85	-2,977.08	-9,116.86	1,660.94	1,643.80	4,375.30	4,278.70	3,718.03	2,749.65
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	9,477.44	8,802.94	7,616.08	420.46	3,571.93	3,315.82	2,862.48	2,402.03	3,223.24	2,696.52
Long Term Debt	8,897.24	8,159.15	6,919.79	0	3,571.93	3,315.82	2,862.48	2,402.03	1,945.49	1,488.96
Short Term Debt	580.20	643.79	696.29	420.46	0	0	0	0	1,277.75	1,207.56
Trade Payables	247.07	365.72	420.74	1,094.06	857.99	887.37	933.94	1,220.48	674.01	652.19
Others Liabilities ⓘ	2,543.66	3,368.21	5,550.58	13,164.03	2,172.83	704.81	-1,428.93	-1,233.95	-767.41	629.60
Total Liabilities ⓘ	13,361	13,432.24	13,019.56	7,970.93	8,459.85	8,400.83	8,591.83	8,516.28	8,696.90	8,576.98
Fixed Assets
Gross Block	5,036.84	10,583.52	10,599.61	10,723.44	10,843.22	10,985.22	11,141.71	11,858.93	12,134.91	12,495.14
Accumulated Depreciation	387.63	209.01	687.76	1,221.89	1,504.46	1,808.69	2,154	2,493.03	2,930.62	3,387.78
Net Fixed Assetsⓘ	4,649.20	10,374.50	9,911.85	9,501.56	9,338.76	9,176.53	8,987.71	9,365.91	9,204.29	9,107.36
CWIP ⓘ	6,819.04	1,750.54	1,799.07	919.43	910.74	910.12	834.66	806.11	1,298.96	1,700.18
Investmentsⓘ	40.08	0	0	0	626.76	1,100.46	408.90	180.16	20.03	20.02
Inventories	819.02	735.76	791.76	844.73	842.57	870.75	635.52	1,179.67	1,394.39	1,063.39
Trade Receivables	114.35	250.75	127.20	182.52	233.13	171.73	102.90	80.58	248.63	110.70
Cash Equivalents	259.81	52.94	134.07	688.33	578.68	284.30	393.38	599.69	193.45	273.48
Others Assetsⓘ	659.50	267.75	255.60	-4,165.64	-4,070.78	-4,113.05	-2,771.25	-3,695.84	-3,662.85	-3,698.15
Total Assets ⓘ	13,361	13,432.24	13,019.56	7,970.93	8,459.85	8,400.83	8,591.83	8,516.28	8,696.90	8,576.98

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	-383.59	721.29	204.42	1,039.52	854.12	672.90	78.44	1,551.42	953.24	1,264.16
PBT ⓘ	-624.03	-367.99	-1,463.48	-6,138.85	1,186.80	-21.81	-21.81	24.20	-470.77	-649.18
Adjustment ⓘ	652.53	465.65	1,540.41	6,640.09	-177.80	591.34	903.62	661.94	774.85	811.48
Changes in Working Capital ⓘ	-411.52	623.78	128.15	539.46	-144.13	109.72	-812.57	868.72	657.48	1099.04
Tax Paid ⓘ	-0.57	-0.14	-0.65	-1.18	-10.76	-6.35	9.20	-3.44	-8.32	2.82
Cash Flow From Investing Activity ⓘ	-590.28	-764.97	-67.94	-649.35	-238.27	-366.57	509.67	-742.82	-38.61	-407.12
Capex	-666.63	-906.29	-78.50	-51.95	-70.92	-80.43	-51.11	-779.18	-592.07	-473.94
Net Investments	136.14	39.80	2.43	-607.77	-202.18	-325.33	535.78	-99.52	527.72	45.22
Others ⓘ	-59.79	101.52	8.12	10.37	34.83	39.19	25	135.88	25.74	21.60
Cash Flow From Financing Activityⓘ	1,164.51	-121.53	-52.80	-443.68	-278.44	-492.46	-638.07	-865.31	-943.71	-732.57
Net Proceeds from Shares ⓘ	222.50	0	0	0	1,765.55	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	1,256.03	0.23	-32.98	-105.54	1,484.70	0	-253.27	-455.13	-460.42	-460.42
Interest Paid ⓘ	-879.63	-160.23	-72.32	-62.30	-3,108.17	-383.66	-382.32	-338.53	-380.89	-399.40
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	565.61	38.46	52.51	-275.83	-420.51	-108.81	-2.47	-71.65	-102.40	127.25
Net Cash Flow ⓘ	190.63	-165.21	83.68	-53.50	337.41	-186.13	-49.96	-56.71	-29.07	124.47

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-48.14	-37.02	N/A	N/A	0	-0.82	56.23	-1.53	-9.54	-19.04
ROCE (%)	-1.63	1.41	N/A	N/A	29.04	5.08	4.27	3.91	-1.04	-2.56
Asset Turnover Ratio	0.16	0.22	0.21	0.35	0.6	0.52	0.56	0.77	0.93	0.99
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	0.72	N/A	0.03	N/A	N/A	N/A
Working Capital Days
Receivable Days	12	23	25	15	15	17	11	5	8	8
Inventory Days	106	98	100	82	62	71	58	50	59	53
Payable Days	53	63	74	92	103	119	118	91	75	53

ESL Steel Ltd Stock News

ESL Steel Ltd FAQs

What is the share price of ESL Steel?

Company share prices are keep on changing according to the market conditions. The closing price of ESL Steel on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of ESL Steel?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of ESL Steel stood at ₹6,091.

What is the P/E ratio of ESL Steel?

The latest P/E ratio of ESL Steel as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of ESL Steel?

The latest P/B ratio of ESL Steel as of 01-Jan-1970 05:30 is 1.85.

What is the 52-week high and low of ESL Steel?

The 52-week high of ESL Steel is ₹31.05 and the 52-week low is ₹31.05.

What is the TTM revenue of ESL Steel?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ESL Steel is ₹6,596 ( Cr.) .

About ESL Steel Ltd

Electrosteel Integrated was originally incorporated as Electrosteel Integrated Limited on December 20, 2006 as a public limited company. The company commenced business on January 5, 2007. The company is promoted by Electrosteel Castings Limited for implementing a 2.2 MTPA integrated steel and D I pipe project in Jharkhand, India. It has entered into arrangements with investors and facility agreements with a consortium of lenders to finance the project. The board of directors of the company has on January 11, 2010, subject to approval from the shareholders of the company (shareholders meeting for which has been scheduled on March 25, 2010) and other regulatory approvals, considered and resolved that the name of the company be changed from Electrosteel Integrated Limited to â€œElectrosteel Steels Limitedâ€.

The company is promoted by ECL to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand, India. Pursuant to the groupâ€™s strategy of focusing on identification of opportunities for backward integration, new DI pipe capacity as well as investment in steel sector, ECL has obtained mining blocks of iron ore and coking coal in the state of Jharkhand and has set up EIL for implementing the integrated steel and DI pipe plant.

ECL, the promoter, is in the business of manufacturing cast iron pipes for over four decades and ductile iron spun pipes since the last 15 years. For the fiscal year 2009, ECL recorded consolidated net sales of Rs 19,470 million. ECL has four manufacturing facilities, two located at Khardah and Haldia, both in the state of West Bengal, one at Elavur in Tamil Nadu and one coal washery plant at Parbatpur in the state of Jharkhand.

The company is setting up the proposed plant near Siyaljori village in Bokaro District of Jharkhand. The proposed plant will be based on Blast Furnace (BF) - Basic Oxygen Furnace (BOF) - Billet Caster and Hot Rolling Route and will produce 1.2 MTPA of long steel products, comprising 0.5 MTPA of 5.5-12.0 mm diameter wire rods in coil form and 0.7 MTPA of reinforcement bars in straight lengths and bundled in the range of 8-32 mm and plain rounds upto 60mm diameter. The plant will have a 0.33 MTPA DI pipe production facility in the same complex and will be provided with hot metal from the Blast Furnaces. The plant will also have production facilities for 0.27 MTPA of commercial billets and 0.40 MTPA of pig iron.

The company has acquired approximately 1,723.44 acres of land for the proposed plant, taking into account the scope for future expansion. The area of land for the proposed plant is approximately 600 acres with another 20-300 acres of land that would be required for construction of storage space for materials.

Milestones:

February 12, 2007 - Delivery and Marketing Agreement between the company and Stemcor MESA DMCC
January 11, 2009 - Subscription Agreement between the company and Stemcor MESA DMCC
January 16, 2010 - Subscription Agreement between the company and ECL
June 29, 2007 - Common Loan Agreement between the company and the consortium of lenders
June 29, 2007 - Sub-ordinate Debt Agreement between the company and the consortium of lenders
June 29, 2007 - Inter-se Agreement between the company and the consortium of lenders
October 12, 2007 - Offshore Supply Agreement between the company and Stemcor MESA DMCC
February 19, 2008 - Amendment to the Common Loan Agreement between the company and a consortium of lenders
June 19, 2008 - Supply Agreements between the company and China First MetallurgicalConstruction Corporation Limited for supply of plant and machinery for its project
July 21, 2008 - Coking Coal Supply Agreement between the company and ECL
July 21, 2008 - Iron ore Supply Agreement between the company and ECL for supply ofIron ore - lump and fines
July 25, 2008 - Supply Agreements between the company and China First MetallurgicalConstruction Corporation Limited for supply of plant and machinery for its project
January 11, 2010 - Subscription Agreement between the company and PGS Invest Limited
February 1, 2010 - Subscription Agreement between the company and JP Financial Services Private Limited
February 6, 2010 - Subscription Agreement between the company, Renaissance AssetManagement Company Private Limited, Finance and Chaitanya Parivar Trust
January 11, 2010 - Subscription Agreement between the company and Starbridge Finance Limited
January 11, 2010 - Subscription Agreement between the company and Roundabout Finance Limited
June 22, 2009 - Share Subscription and Shareholders Agreement between the company, ECL and IL&FS Financial Services
June 22, 2009 - Share Subscription and Shareholders Agreement between the company, ECL, Tara India Holdings Limited, Tara India Fund III Domestic Trust and Tara India Fund III Trust
August 20, 2009 - Amended and Restated Common Loan Agreement between the company and a consortium of lenders
August 20, 2009 - Amended and Restated Subordinate Debt I Agreement between the Company and a consortium of lenders
August 20, 2009 - Subordinate Debt II Agreement between the company and a consortium of lenders
August 20, 2009 - Amended and restated Inter-se Agreement between the company and the consortium of lenders
December 18, 2009 - Share Subscription Agreement between the company and IFCI Limited
January 11, 2010 - The board of directors of the company, subject to approval from the shareholders of the company (shareholders meeting for which has been scheduled on March 25, 2010) and other regulatory approvals considered and resolved that the name of the company be changed to â€œElectrosteel Steels Limitedâ€ as the proposed name would convey the correct business which the company proposes to undertake.