PSL Ltd - Stock Valuation and Financial Performance

BSE: 526801 | NSE: PSL | Steel & Iron Products | Small Cap

PSL Share Price

0.34 0.00 0.00%
as on 12-Oct'20 18:01

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PSL stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
6.3 Cr.
52-wk low:
0.5
52-wk high:
0.5

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 PSL Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of PSL:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % 10.9%10.6%-6.7%-3.4%-12.6%-52.3%-38.2%-8.9%-6.5%-6.9%-
Value Creation
Index
-0.2-0.3NANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,4952,2401,54438514610119.148.280.169.932
Sales YoY Gr.--10.2%-31.1%-75.1%-62%-31.1%-81.1%153.2%66.1%-12.7%-
Adj EPS 12.19-74.5-54.1-36.2-137.2-48.6-12.2-8-7.8-7.8
YoY Gr.--25.7%-930.4%NANANANANANANA-
BVPS (₹) 167171.4-23.5-118-68.7-205.7-172.4-184.6-192.5-200.2-203.9
Adj Net
Profit
64.548-397-288-358-1,357-608-153-100-96.8-97
Cash Flow from Ops. 586-452-36772.8-55.212422.3-30.4-2.7-2.4-
Debt/CF from Ops. 3-6.3-6.9105.5-70.431.4174.4-127.2-1438.1-1615.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -32.8%-13.7%54.3%-12.7%
Adj EPS -195.2%NANANA
BVPS-202%NANANA
Share Price -31.8% -9.8% -12.1% -32%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on
Equity %
7.55.3-95.2-52-610.5174.433.76.94.343.9
Op. Profit
Mgn %
15.319.6-2.9-30-58.7-1200.5-2260.8-98.5-16.7-31.1-83.6
Net Profit
Mgn %
2.62.1-25.7-74.9-244.9-1346.2-3189-316.9-125.3-138.5-307
Debt to
Equity
23.1-20.3-12.2-5.7-1.9-1.8-1.7-1.6-1.5-
Working Cap
Days
3574954224,3775,5035,58013,9223,7042,1472,3583,061
Cash Conv.
Cycle
1211562383,0524,1843,8404,5111911191222,120

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 - PSL Ltd.

Standalone Consolidated
TTM EPS (₹) -7.8 -12.3
TTM Sales (₹ Cr.) 31.7 158
BVPS (₹.) -203.9 -240
Reserves (₹ Cr.) -2,672 -3,123
P/BV 0.00 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 0.49 / 0.50
All Time Low / High (₹) 0.32 / 588.00
Market Cap (₹ Cr.) 6.3
Equity (₹ Cr.) 124.9
Face Value (₹) 10
Industry PE 22

Management X-Ray of PSL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *45.5145.5145.5145.5145.5145.5145.5145.5145.5145.51
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PSL

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Sales2,494.542,240.412,315.68192.34146.32100.8419.0548.2380.1269.93
Operating Expenses 2,114.211,800.722,383.17250.10232.221,311.39449.8495.7693.5391.64
Manufacturing Costs221.47320.51185.6526.6047.6224.7835.0727.3121.7318.59
Material Costs1,704.391,263.722,014.79164.07109.121,244.27118.934.7211.2420.76
Employee Cost 75.9283.04116.4429.4652.5425.6820.6325.4639.8236.03
Other Costs 112.42133.4466.2929.9722.9216.66275.2138.2720.7416.25
Operating Profit 380.33439.69-67.49-57.76-85.90-1,210.55-430.78-47.53-13.41-21.71
Operating Profit Margin (%) 15.2%19.6%-2.9%-30.0%-58.7%-1,200.5%-2,260.8%-98.5%-16.7%-31.0%
Other Income 34.2213.0513.6425.873.945.235.1112.8812.117.72
Interest 193.08268.93346.2320.67500.350.860.130.140.06
Depreciation 116.80114.15193.1289.45173.84150.30140.49111.9396.6582.78
Exceptional Items 0000-171.720-130.34000
Profit Before Tax 104.6669.66-593.21-142.01-477.53-1,355.98-697.38-146.71-98.09-96.82
Tax 2915.502.05-15.550006.0500
Profit After Tax 75.6654.16-595.26-126.46-477.53-1,355.98-697.38-152.75-98.09-96.82
PAT Margin (%) 3.0%2.4%-25.7%-65.7%-326.0%-1,344.7%-3,660.0%-316.0%-122.0%-138.0%
Adjusted EPS (₹)14.210.2-111.0-23.7-48.3-137.0-55.8-12.2-7.9-7.8
Dividend Payout Ratio (%)28%39%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20

Equity and Liabilities

Shareholders Fund 890.42914.23326.08199.62-165.55-1,521.54-2,153.47-2,306.22-2,404.31-2,501.13
Share Capital 53.3353.3353.3053.3098.9498.94124.93124.93124.93124.93
Reserves 837.09860.90272.78146.32-264.49-1,620.47-2,278.40-2,431.16-2,529.24-2,626.06
Minority Interest0000000000
Debt1,639.542,568.923,809.693,764.743,663.443,534.853,880.233,870.173,859.983,859.58
Long Term Debt502.23266.303,454.693,409.793,308.493,179.903,880.233,870.173,859.983,859.58
Short Term Debt1,137.312,302.62355354.95354.95354.950000
Trade Payables1,522.721,136.84346.0853.6321.9225.135.1613.2810.169.84
Others Liabilities 347.07588.04292.99634.85711.47804.64399.75406.63405.18396.85
Total Liabilities 4,399.765,208.034,774.854,652.844,231.272,843.082,131.661,983.851,8711,765.14

Fixed Assets

Gross Block1,376.391,558.212,702.232,754.752,790.592,790.592,806.412,806.472,799.562,799.56
Accumulated Depreciation507.37621.15814.27903.411,077.181,227.481,367.981,479.811,572.721,655.49
Net Fixed Assets869.01937.061,887.971,851.341,713.421,563.111,438.431,326.661,226.841,144.07
CWIP 196.67297.3663.6710.6811.0211.140000
Investments 202.92231.81304.61304.61304.61304.61174.27174.27174.27174.27
Inventories1,914.702,372.361,497.561,444.041,391.25156.3819.5220.6726.2016.31
Trade Receivables553.76704.55338.76349.85311.94287.239.636.599.533.81
Cash Equivalents 193.60208.77120.65102.0127.7923.536.104.206.196.99
Others Assets469.10456.12561.62590.30471.24497.08483.72451.47427.97419.70
Total Assets 4,399.765,208.034,774.854,652.844,231.272,843.082,131.661,983.851,8711,765.14

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Cash Flow From Operating Activity 586.02-451.90-550.4336.39-55.24123.8822.25-30.43-2.68-2.39
PBT 104.7169.66-593.21-142.01-477.53-1,355.98-567.04-146.71-98.09-96.82
Adjustment 256.69362.786.70100.54214.92149.74137.16101.8791.9079.19
Changes in Working Capital 262.31-844.7440.9779.49207.361330.12452.1314.43.515.24
Tax Paid -37.70-39.59-4.89-1.63000000
Cash Flow From Investing Activity -145.74-300.86-452.7014.22-35.740.79-9.968.448.083.64
Capex -153.20-282.88-396.34-43.27-35.950-15.81-0.183.190
Net Investments -0.48-28.89-72.80000-5.75000
Others 7.9410.9216.4457.490.210.7911.618.614.893.64
Cash Flow From Financing Activity -353.87767.93915.01-69.2616.77-128.93-22.2420.10-3.40-0.46
Net Proceeds from Shares 0.02011.126.89165.9702.28000
Net Proceeds from Borrowing 001,223.2900-128.59-23.6620.21-3.260
Interest Paid -149.04-259.55-336.88-22.66-46.18-0.35-0.86-0.13-0.14-0.06
Dividend Paid -37.29-32.3500000000
Others -167.561,059.8217.48-53.49-103.02000.020-0.40
Net Cash Flow 86.4115.17-88.12-18.64-74.22-4.26-9.95-1.891.990.80
PARTICULARSMar'11Mar'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Ratios
ROE (%)8.756-163.910N/AN/AN/AN/AN/AN/A
ROCE (%)10.9210.55-6.69-3.38N/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.660.50.510.040.030.030.010.020.040.04
PAT to CFO Conversion(x)7.75-8.34N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days7396746307991,0732,843613735
Inventory Days2103282752,6933,4232,7721,685150107111
Payable Days214384134445126746713381176

PSL Ltd Stock News

PSL Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PSL on 12-Oct-2020 18:01 is ₹0.34.
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 12-Oct-2020 18:01 the market cap of PSL stood at ₹6.25.
The latest P/E ratio of PSL as of 12-Oct-2020 18:01 is 0.00.
The latest P/B ratio of PSL as of 12-Oct-2020 18:01 is 0.00.
The 52-week high of PSL is ₹0.50 and the 52-week low is ₹0.49.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PSL is ₹31.66 ( Cr.) .

About PSL Ltd

PSL incorporated as PSL Holdings is engaged in the business of manufacturing of pipes and undertakes turnkey projects. In India, the company has become the largest producer/manufacturer of HSAW pipes with a production capacity exceeding 1 million ton mark.

Company has set up its first international pipe manufacturing plant in Saharjah in UAE with a manufacturing capacity of 75000 MT.

The company has subsidiaries namely PSL Corrosion Control Services, Pipeline Systems, PSL FZE –UAE, PSL USA Inc and PSL North America LLC.

Business Areas

Pipe Manufacturing- PSL is among the leading manufacturers of pipe in Asia. Company owns 12 pipe mills located at Chennai, Kandla Vishakapatnam, Ahmedabad, Jaipur, Daman and Sharjah. Its annual manufacturing capacity is 1,175,000 MT. Company manufactures and supplies Spiral Weld Pipes that are used in various sectors such as oil, gas and water transmission as well as structural and piling applications for both onshore and offshore. Company manufactures API / IS Grade pipes ranging from 406 mm to 3175 mm. The annual mill capacity is around 75000 MT per mill.

Turnkey Projects: PSL is fully geared up to associate with you for setting up Pipe Manufacturing & Pipe coating Plants from the Green Field Stage.   Design & Engineering:PSL has a fully-equipped and adequately manned in-house Project Engineering Department having Technical collaboration with renowned Design & Engineering firms from Germany & Italy.

In addition to technical support for the latest Technologies from collaborators, PSL’s Project Engineering Department is regularly in contact with its plant operators to constantly upgrade and improve systems and technologies.   Easy & Early installation & commissioning:   With its rich experience in Spiral Pipe Manufacturing and coatings, PSL can install and commision the plants with equipments and machines earlier than others.

PSL’s experienced backup support will bring customers’ plants in commercial production fastest.   Training support

PSL can also provide on the job practical training to Customers’ Engineers/Operators on a fully operational plant in one of PSL’S running factories.

PSL is not only a Designer & Manufacturer of Pipe manufacturing & Pipe Coating plants, but also has the unique capability of Commissioning and demonstrating assured production quantity; drawing operational expertise from its own running plants.

Pipe coating-  On the forefront of mechanized yard coating in India and abroad, PSL’s strength lies in its commitment to quality and ability to implement diverse projects efficiently.

Equipped to provide the best in yard coating for large onshore and offshore projects, PSL has over the years successfully executed multiple coating assignments simultaneously, while adhering to its commitment to quality and project completion deadlines.

Range of coating services available for the most stringent of pipe-coating applications

  • Polyethylene (PE)
  • Coal tar enamel (CTE)
  • Fusion-bonded epoxy (FBE)
  • Concrete weight coating (CWC)
  • Internal coatings

Anodes-Company designs, manufactures and installs sacrificial aluminium and zinc anodes for offshore applications such as refineries, petrochemicals, power plants, fertilizers, metallurgical industries and shipping. Company manufactures range of anodes such as bracelet, segmented bracelet, tapered anodes, stand-off and flush type.Bends- Induction Bends/Spools and air/steam rings are manufactured by the process of induction heating in Technical Collaboration with premier Korean induction pipe-bending company, Sung Il Machinery Industrial Company LTD (SIM), meeting diverse high quality requirements in accordance with ASTM, API, DIN, BS, ANSI, ASME PFI and other international technical specifications. The Bending Unit is approved by EIL, Shell Global and Saudi Aramco.

Rebar Coating: Fusion bonded epoxy coating, commonly referred as FBE coating is widely used to protect concrete reinforcing rebars, steel pipes, piping connections, etc used in construction. FBE coatings are in the form of dry powder at normal atmospheric temperature. The powder when applied electrostatically on to the surface cleaned, hot steel bars, that it fuses, melts, flows and cures to an adherent continuous chemically cross linked protective film. FBEC is used to protect reinforcing steel in concrete in the most adverse environments that are prone to corrosion over the last 35 yrs in all over the world and for the last 18 yrs in India

Milestones:

  • 1985-Sets up 124800 m2 3-LPE pipe coating plant in Gandhidham - Kutch (Gujarat)
  • 1987- Sets up 149760 m2 CTE pipe coating plant in Gandhidham - Kutch (Gujarat)
  • 1988- Sets up 46800 tonnes CWC pipe coating plant in Gandhidham - Kutch (Gujarat)
  • 1989- Sets up 300km CTE pipe coating plant in Daman (U.T.)
  • 1989-Sets up 600km 2/3 Layer PE pipe coating plant in Daman (U.T.)
  • 1993- Sets up 46800 tonnes CWC pipe coating plant in Gandhidham  Kutch (Gujarat)
  • 1994- Sets up 18,000 m2 Fusion bonded Epoxy powder Rebar coating plant in Daman (U.T.)-Sets up 10,00,000 m2 Outerwrap plant in Daman (U.T.)-Sets up 2200 tonnes Wiremesh plant in Daman (U.T.)- Sets up 20,00,000 m2 CTE pipe coating plant in VizagSets up 60,000 m3 CWC pipe coating plant in Vizag
  • 1995- Sets up 15,00,000 m2 3LPE pipe coating plant in Vizag
  • 1996-Sets up 100 Nos Mobile Cranes Mfg. plant in Daman (U.T.)-Sets up 75,000 tonnes MS Saw Pipe plant in Vaiyavoor - Chennai (Tamil Nadu)
  • 1997-Sets up 1,50,000 tonnes MS Saw Pipe plant in Nani Chirai - Kutch (Gujarat)-Sets up 75,000 m2 CTE pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)-Sets up 70,000 m2 CML Internal pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  • 1998-Sets up 2000km CML pipe coating plant in Varsana - Kutch (Gujarat)
  • 1999-Sets up 2500km CTE pipe coating plant in Nani Chirai - Kutch (Gujarat)
  • 2000-Sets up 1200 tonnes Epoxy & Resin plant in Daman (U.T.)-Sets up1,50,000 tonnes Pipes mill in Daman (U.T.)-Sets up 30,000 m2 Fusion bonded Epoxy powder Rebar coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  • 2001-Sets up 1,50,000 tonnes MS Saw Pipe plant in Varsana - Kutch (Gujarat)Sets up 7,50,000 m2 Internal Coating Plant in Vizag-Sets up 70,000 m2 Internal Epoxy pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  •  2002-Sets up 1200km CWC pipe coating plant in Daman (U.T.) -Sets up 1200km CML pipe coating plant in Daman (U.T.)-Sets up 15,00,000 m2 3-LPE pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)-Sets up 15,00,000 m2 Fusion bonded Epoxy pipe coating plant in Vaiyavoor - Chennai (Tamil Nadu)
  •  2003-Sets up 12,000 tonnes Rebar coating plant in Vizag--Sets up 75,000 tonnes MS Saw Pipe plant in Vizag
  •  2004-Set up Projects Division in Daman (U.T.)  Sets up 7,50,000 m2 CML pipe coating plant in Vizag
  •  2005-Sets up 2,00,000 tonnes Iron ORE Crushing plant in Nani Chirai - Kutch (Gujarat)Sets up 3,50,000 tonnes MS Saw Pipe plant in Varsana - Kutch (Gujarat) Sets up 2000km FBE, 3LPE, 3LPP, ICP internal & external pipe coating plant in Varsana - Kutch (Gujarat)Sets up 149760 m2 CTE pipe coating plant in Gandhidham - Kutch (Gujarat)Sets up 1,50,000 tonnes MS Saw Pipe plant in Mahudi - Gandhinagar (Gujarat)
  •  2007-Sets up 7200 m2 internal coating plant in Gandhidham - Kutch (Gujarat)Set up of 150000 tonnes MS Saw pipe Plant in Phagi Jaipur (Rajastan) for 18' Dia to 120' Dia Spiral PipeSet up 5184000 m2 polyolefin Tape coating plant Phagi Jaipur (Rajastan) for 100' Dia Pipe with weld removing systemSet up 60,000 tonnes MS Saw API-5L Pipe plant in Hamrivah (Sharjah)Sets up 350 m2 per hours 3-LPE pipe coating plant in in Hamrivah (Sharjah)Sets up 250 m2 per hours internal Liquid paint pipe coating plant in in Hamrivah (Sharjah)Sets up 150 m2 per hours CWC pipe coating plant in in Hamrivah (Sharjah)Sets up 50,000 m2 3LPE pipe coating plant in Peddapuram, Kakinada (Andhra Pradesh)Sets up 85,000 m3 CWC pipe coating plant in Peddapuram, Kakinada (Andhra Pradesh)
  •  2008-Sets up 52,56,000 m2 3-LPE pipe coating plant in Mahudi - Gandhinagar (Gujarat)- Sets up 300,000 tons MS Saw Pipe plant in Bay St. Louis, MS, USA.

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