Facor Steels Ltd - Stock Valuation and Financial Performance

Name: Facor Steels
Brand: Facor Steels

BSE: 532657 | NSE: | Steel & Iron Products | Small Cap

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Facor Steels stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

5.6 Cr.

52-wk low:

0.3

52-wk high:

0.3

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10 Year X-Ray of Facor Steels:

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'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	TTM
ROCE % ⓘ	23.5%	16%	6.2%	1.8%	7.1%	-0.8%	-21.2%	-23.2%	-7.3%	-23.1%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	421	473	366	220	277	314	248	65.9	29.6	1.5	0
Sales YoY Gr.	-	12.4%	-22.6%	-39.8%	25.6%	13.6%	-21%	-73.4%	-55.1%	-94.9%	-
Adj EPS ⓘ	0.3	0.1	-0.3	-0.4	-0.2	-0.4	-1.2	-1.3	-1.2	-0.7	-0.5
YoY Gr.	-	-50%	-300%	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	1	1.2	1	0.6	0.5	0	-1.2	-2.5	-3.2	-3.9	-4.2
Adj Net Profit ⓘ	5.4	2.8	-5.3	-7.3	-3.5	-8	-24.2	-27.8	-25.4	-14.3	-11
Cash Flow from Ops. ⓘ	-1.2	-2.9	1.2	18.2	-0.9	7.7	-10.2	-8.2	2.3	1.2	-
Debt/CF from Ops. ⓘ	-27.4	-20.5	63.8	3.9	-76.6	8.8	-8.2	-12.1	36	69.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-46.5%	-64.8%	-81.8%	-94.9%
Adj EPS ⓘ	-211.5%	NA	NA	NA
BVPSⓘ	-215.7%	-253%	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	TTM
Return on Equity % ⓘ	26.5	11.5	-23.6	-44.3	-18.8	-31.9	-140.4	516	97.9	36.1	13
Op. Profit Mgn % ⓘ	2.3	1.1	1.1	-2.6	3.8	1.5	-5.5	-22.1	-64.1	-423.3	-752.5
Net Profit Mgn % ⓘ	1.3	0.6	-1.4	-3.3	-1.3	-2.6	-9.8	-42.1	-85.6	-949.7	-2684.5
Debt to Equity ⓘ	1.5	2.4	4	5.4	2.9	2.6	9.7	-5.1	-2.5	-1.8	-
Working Cap Days ⓘ	80	93	112	156	128	125	116	319	520	3,920	3,486
Cash Conv. Cycle ⓘ	10	14	27	42	17	15	18	107	68	2,137	-10,568

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 - Facor Steels Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.5	-
TTM Sales (₹ Cr.)	0.4	-
BVPS (₹.) ⓘ	-4.2	-
Reserves (₹ Cr.) ⓘ	-107	-
P/BV ⓘ	-0.06	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	0.27 / 0.27
All Time Low / High (₹)	0.25 / 29.00
Market Cap (₹ Cr.)	5.6
Equity (₹ Cr.)	20.7
Face Value (₹)	1
Industry PE ⓘ	22.2

Management X-Ray of Facor Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

99.98

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

Valuation of Facor Steels

Analyst's Notes

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Key Ratios of Facor Steels

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'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Sales	420.86	473.09	366.26	220.34	276.64	314.21	248.26	65.93	29.61	1.50
Operating Expenses ⓘ	410.99	468.14	362.24	226.11	266.39	310.33	262.93	80.90	48.86	7.86
Manufacturing Costs	73.37	77.60	74.80	63.39	82.91	77.89	55.42	30.05	9.76	3.06
Material Costs	324.94	372.22	271.09	141.24	165.62	203.51	181.80	35.75	29.39	1.20
Employee Cost	2.90	3.76	12.86	12.55	15.01	16.76	15.05	10.87	5.59	3.03
Other Costs ⓘ	9.78	14.57	3.48	8.93	2.85	12.17	10.66	4.24	4.12	0.57
Operating Profit ⓘ	9.87	4.95	4.02	-5.77	10.24	3.87	-14.68	-14.98	-19.25	-6.36
Operating Profit Margin (%)	2.3%	1.0%	1.1%	-2.6%	3.7%	1.2%	-5.9%	-22.7%	-65.0%	-423.0%
Other Income ⓘ	5.51	9.58	5.36	11.34	1.63	0.77	0.51	0.44	0.83	0.39
Interest ⓘ	5.70	7.85	9.88	7.46	7.22	7.87	10.01	8.14	7.81	4.10
Depreciation ⓘ	3.18	3.29	3.71	3.97	5.48	5.43	5.49	5.37	4.69	4.19
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	18.42	0
Profit Before Tax ⓘ	6.50	3.39	-4.21	-5.87	-0.83	-8.66	-29.66	-28.05	-12.51	-14.26
Tax ⓘ	1.10	0.63	1.07	0.73	2.71	0	-4.66	0	0	0
Profit After Tax	5.40	2.77	-5.27	-6.59	-3.54	-8.67	-25.01	-28.05	-12.51	-14.26
PAT Margin (%)	1.3%	0.6%	-1.4%	-3.0%	-1.3%	-2.8%	-10.1%	-42.5%	-42.3%	-949.0%
Adjusted EPS (₹)	0.3	0.1	-0.3	-0.3	-0.2	-0.4	-1.2	-1.4	-0.6	-0.7
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'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Equity and Liabilities
Shareholders Fund	23.07	24.95	19.67	13.08	24.54	25.87	8.65	-19.40	-32.42	-46.68
Share Capital ⓘ	22.16	20.65	20.65	20.65	35.65	45.65	53.43	53.43	53.43	53.43
Reserves ⓘ	0.91	4.30	-0.98	-7.57	-11.11	-19.78	-44.79	-72.83	-85.85	-100.11
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	33.64	58.52	79.32	70.40	69.98	64.62	84.16	98.37	77.13	77.90
Long Term Debt	33.64	58.52	79.32	70.40	32.83	28.42	52.23	67.41	40.49	60.22
Short Term Debt	0	0	0	0	37.14	36.20	31.93	30.97	36.64	17.68
Trade Payables	75.75	93.55	53.17	76.20	74.98	83.77	25.40	46.61	17.45	17.47
Others Liabilities ⓘ	3.79	3.78	6.10	8.87	12.95	12.65	2.49	8.32	8.72	11.87
Total Liabilities ⓘ	136.25	180.80	158.27	168.55	182.45	186.91	120.70	133.90	70.89	60.56
Fixed Assets
Gross Block	55.77	58.35	68.04	73.71	104.06	107.54	107.96	110.44	111.07	111.07
Accumulated Depreciation	28.42	31.50	35.18	39.14	44.44	49.86	54.57	59.89	65	69.17
Net Fixed Assetsⓘ	27.36	26.85	32.86	34.57	59.62	57.68	53.39	50.55	46.07	41.90
CWIP ⓘ	0.80	11.48	25.24	30.63	0.42	0.08	0	0.10	0	0
Investmentsⓘ	0	0	4.40	4.40	4.40	4.40	4.40	4.40	3.34	3.34
Inventories	63.59	85.33	58.88	52.63	70.69	78.44	31.33	45.54	10.43	7.84
Trade Receivables	19.24	23.90	19.47	31.42	27.21	25.19	10.89	12.44	4.06	3.01
Cash Equivalents	1.57	9.02	3.97	2.52	3.79	4.05	8.90	6.17	0.33	0
Others Assetsⓘ	23.70	24.24	13.45	12.37	16.31	17.07	11.78	14.70	6.66	4.48
Total Assets ⓘ	136.25	180.80	158.27	168.55	182.45	186.91	120.70	133.90	70.89	60.56

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Cash Flow From Operating Activity ⓘ	-1.23	-2.85	1.24	18.16	-0.93	7.65	-10.21	-8.15	2.28	1.22
PBT ⓘ	6.50	3.39	-4.21	-5.87	-0.83	-8.66	-29.66	-28.05	-12.51	-14.26
Adjustment ⓘ	8.76	11.24	13.41	10.35	12.52	13.89	16.29	13.56	-5.94	8.29
Changes in Working Capital ⓘ	-9.82	-9.23	1.8	20.46	-12.89	2.1	3.17	6.34	20.73	7.19
Tax Paid ⓘ	-0.90	-0.54	-0.46	0	0.26	0.33	-0.01	0	0	0
Cash Flow From Investing Activity ⓘ	-2.33	-13.33	-27.72	-10.94	-0.33	-2.88	-0.82	-2.16	0.30	-0.02
Capex	-2.45	-13.47	-23.50	-11.08	-0.44	-3.14	-1.12	-2.63	-0.89	-0.02
Net Investments	0	0	-4.40	0	0	0	0	0	1.06	0
Others ⓘ	0.12	0.13	0.18	0.14	0.10	0.27	0.30	0.46	0.13	0
Cash Flow From Financing Activityⓘ	3.98	23.63	21.43	-8.67	0.71	-4.10	16.22	5.62	-4.31	-1.40
Net Proceeds from Shares ⓘ	0	-0.89	0	0	15	10	7.78	0	0	0
Net Proceeds from Borrowing ⓘ	3.99	24.74	21.43	-9.61	-6.04	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	-8.35	-7.90	-10.24	-6.43	-7.81	-4.10
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	-0.22	0	0.94	0.10	-6.20	18.68	12.05	3.50	2.71
Net Cash Flow ⓘ	0.43	7.45	-5.04	-1.44	-0.55	0.68	5.19	-4.69	-1.73	-0.19

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Ratios
ROE (%)	28.61	11.9	-23.64	-40.27	-31.3	-166.41	0	N/A	N/A	N/A
ROCE (%)	23.46	16.03	6.22	1.75	7.14	-0.84	-21.15	N/A	N/A	N/A
Asset Turnover Ratio	3.45	2.98	2.16	1.35	1.71	1.86	1.78	0.57	0.32	0.03
PAT to CFO Conversion(x)	-0.23	-1.03	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	14	17	22	42	36	28	24	59	92	760
Inventory Days	49	57	72	92	75	79	73	193	310	1,963
Payable Days	67	75	88	145	156	142	110	368	398	5,321

Facor Steels Ltd Stock News

Facor Steels Ltd FAQs

What is the share price of Facor Steels?

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

What is the market cap of Facor Steels?

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 Facor Steels stood at ₹5.58.

What is the P/E ratio of Facor Steels?

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

What is the P/B ratio of Facor Steels?

The latest P/B ratio of Facor Steels as of 01-Jan-1970 05:30 is -0.06.

What is the 52-week high and low of Facor Steels?

The 52-week high of Facor Steels is ₹0.27 and the 52-week low is ₹0.27.

What is the TTM revenue of Facor Steels?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Facor Steels is ₹0.40 ( Cr.) .

About Facor Steels Ltd

Facor Steels Limited is part of FACOR group owned by the Saraf family. FACOR took over the mini-steel plant located at Nagpur in the year 1978 for manufacture of carbon, alloy, stainless and other special steels as FACOR Steel Division that is now known as Facor Steels ltd.

The company is a leading carbon, alloy, stainless and special steel manufacturer in central India with varied and broad product range, having the most modern state-of-the-art steel processing and quality assurance technologies.

It began its operations with ferro manganese production and slowly diversified into the production of ferro chrome and charge chrome. As a major step towards forward integration, it took over a mini stainless steel plant in 1978 for manufacturing carbon, alloy, special and stainless steels as FACOR (Steel Division). Thereafter, through innovative and sophisticated technological developments, it has been able to develop and manufacture critical grades of alloy and stainless steel to meet stringent requirements of customers both in India and abroad. Erstwhile FACOR (Steel Division) is now known as Facor Steels ltd, an independent company and is now a leading alloy steel producer in the country and has been successful in exporting stainless and special stainless steel products all over the world with a focus on developed countries, apart from catering to critical requirements of automobile, railways, defence, chemical, heavy machinery and engineering sectors in the domestic market.

It has established updated and modernized manufacturing facilities for achieving consistency of product quality to ensure full customer satisfaction both in domestic and international markets. Its products are well accepted all over the globe and always looking for the implementation of new technique whether it is technical or work environment. The Stainless steel and other specialty critical grade products cater to the most stringent requirements of automobiles, railways, defence and engineering sectors in India as well as the global markets in developed countries.Industries being catered by FACOR today are

Automobile & auto component industry
Boilers
Construction
Engineering components
Fasteners industry
Forging
Petrochemical
Railway Springs
Surgical equipment indusry
Tool industry
Valve industry

It also supplies special steel for critical applications like Aerospace, pressure equipments etc. and had successfully developed over 500 steel grades in its plant over period of time.

To cater the growing demand from auto sector and heavy engineering sector for forged rounds, Facor Steel Limited had set up a modern forging unit at its existing plant and which came into commercial production by 31st Oct, 2008. The company with its enhanced capacity of ingot production and capability to provide higher diameter forged rounds is currently pursuing the global and domestic opportunities in non-auto sectors like sugar mills, cement plants, and heavy machinery units. There is a huge supply-demand gap in this sector and Facor Steel Limited is rightly poised to cater to this segment.

Product range of the company includes:

Stainless Steel, Alloy Steel, Valve Steel, Free Cutting Steel, Semi Free Cutting Steel, Silico Manganese Steel, Carbon Manganese Steel and Carbon Steel etc.

Apart from the rolled bars, it also manufactures bright bars, in peeled, ground and drawn condition for domestic and export markets, in carbon, alloy and stainless steel grades. Profiles such as hexagons; angles; flats; trapezium and squares in stainless steels are also produced.

Awards/ Achievements

Facor Steels Ltd. has accreditation of IRQS and awarded ISO/TS 16949:2002 certification in 2008.
It first achieved ISO certifiation in 1994 and ISO 9001:2000 in 2004.
TUV NORD the international certification agency has recognized it as manufacturer according to AD 2000- Merkblatt w0. Also approved for Quality System according to pressure Equipment Directive 97/23/EC for Stainless steel, Alloy Steel, Ingots, Rolled products and Bright bars as per the annexure.
The company has received approvals from various customers like, Ministry of Defence, Government of India, Hindustan Motors Limited, Delphi TVS, L&T-John Deere Limited, Mahindra & Mahindra Limited, Indian Piston Limited, GKN Axles, United Kingdom and many more.