Is SAL Steel a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SAL Steel Ltd is a average quality company .

Is SAL Steel undervalued or overvalued?

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

What is SAL Steel share price return in the past 10 years?

SAL Steel Ltd share price has appreciated 26.1% annually (CAGR) over the past ten years.

Is SAL Steel a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SAL Steel Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

SAL Steel Ltd - Stock Valuation and Financial Performance

Name: SAL Steel
Brand: SAL Steel

BSE: 532604 | NSE: SALSTEEL | Steel/Sponge Iron/Pig Iron | Small Cap

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SAL Steels Share Price

₹23.91 -0.53 -2.17%
as on 20-Dec'24 16:59

10 Year X-Ray of SAL 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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-16.3%	-19.7%	4.7%	39.6%	-9.4%	10.8%	7.3%	9.8%	8.1%	8%	-
Value Creation Index ⓘ	NA	NA	-0.7	1.8	NA	-0.2	-0.5	-0.3	-0.4	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	365	338	361	446	574	408	301	505	496	577	501
Sales YoY Gr.	-	-7.6%	6.8%	23.7%	28.8%	-29%	-26.2%	67.9%	-1.9%	16.3%	-
Adj EPS ⓘ	-5	-0.8	0	-0.4	-1	-1.8	0.9	-0	-0.5	0	0.1
YoY Gr.	-	NA	NA	NA	NA	NA	NA	-101.2%	NA	NA	-
BVPS (₹) ⓘ	-0.7	-4.1	-4.6	2.4	-0.2	1.7	3.1	4.5	4.9	5	5
Adj Net Profit ⓘ	-42.7	-6.8	0	-3.6	-8.4	-15	7.2	-0.1	-4.6	0.4	0
Cash Flow from Ops. ⓘ	21.9	1.9	-5.8	6.9	-4.1	53.7	23.5	22.4	8.4	26.2	-
Debt/CF from Ops. ⓘ	5.6	46	-29.5	25.4	-41.2	3	6.2	5.6	15	4.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.2%	0.1%	24.2%	16.3%
Adj EPS ⓘ	NA	NA	-63.9%	NA
BVPSⓘ	NA	NA	17.1%	1.2%
Share Price	26.1%	56.5%	37.3%	-7.7%

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 % ⓘ	-133.9	32.7	-0	39.3	-88.4	-226.1	35.3	-0.4	-11.5	0.9	1
Op. Profit Mgn % ⓘ	7.1	6.9	2.7	1.4	1.6	-4.5	-0.1	-0.7	1.7	3.7	4.7
Net Profit Mgn % ⓘ	-11.7	-2	0	-0.8	-1.5	-3.7	2.4	-0	-0.9	0.1	0.1
Debt to Equity ⓘ	-19.2	-2.5	-4.5	8.6	-135.1	11	5.6	3.3	3	3	2.8
Working Cap Days ⓘ	98	81	99	106	87	132	174	101	102	86	51
Cash Conv. Cycle ⓘ	33	28	54	68	48	68	80	41	57	54	14

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.00%

Sales growth is growing at healthy rate in last 3 years 24.21%

Debt to equity has declined versus last 3 years average to 2.97

Net Profit has been subdued in last 3 years -63.90%

Sales growth is not so good in last 4 quarters at -6.31%

Latest Financials - SAL Steel Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.1	-
TTM Sales (₹ Cr.)	501	-
BVPS (₹.) ⓘ	5	-
Reserves (₹ Cr.) ⓘ	-43	-
P/BV ⓘ	4.81	-
PE ⓘ	461.72	-

From the Market
52 Week Low / High (₹)	17.16 / 31.17
All Time Low / High (₹)	1.00 / 33.35
Market Cap (₹ Cr.)	203
Equity (₹ Cr.)	85
Face Value (₹)	10
Industry PE ⓘ	22.8

Management X-Ray of SAL Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

100.00

74.96

45.39

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

Valuation of SAL Steels

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of SAL 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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	365	338	361	446	574	408	301	505	496	577
Operating Expenses ⓘ	339	314	351	440	565	426	301	509	487	555
Manufacturing Costs	50	59	67	79	105	76	68	110	90	88
Material Costs	269	224	238	327	416	326	209	375	372	447
Employee Cost	10	11	13	14	16	10	15	17	19	14
Other Costs ⓘ	11	20	33	20	27	13	9	6	6	7
Operating Profit ⓘ	26	23	10	6	9	-18	0	-4	8	21
Operating Profit Margin (%)	7.1%	6.9%	2.7%	1.4%	1.6%	-4.5%	-0.1%	-0.7%	1.7%	3.7%
Other Income ⓘ	1	1	2	3	1	44	22	29	14	2
Interest ⓘ	30	12	1	1	2	2	0	0	8	13
Depreciation ⓘ	9	8	8	8	8	8	9	9	10	10
Exceptional Items ⓘ	-47	-32	0	64	-20	0	0	0	0	0
Profit Before Tax ⓘ	-59	-29	4	64	-19	17	12	16	6	1
Tax ⓘ	16	0	3	22	3	1	1	5	2	0
Profit After Tax	-76	-29	1	42	-22	16	12	12	4	0
PAT Margin (%)	-20.8%	-8.5%	0.2%	9.5%	-3.8%	3.9%	3.8%	2.3%	0.7%	0.1%
Adjusted EPS (₹)	-8.9	-3.4	0.1	5.0	-2.5	1.9	1.4	1.4	0.4	0.1
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	-6	-35	-39	20	-1	15	26	38	42	42
Share Capital ⓘ	85	85	85	85	85	85	85	85	85	85
Reserves ⓘ	-91	-120	-124	-65	-86	-70	-59	-47	-43	-43
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	92	75	169	167	162	146	124	0	125	125
Long Term Debt	15	4	169	167	160	146	124	0	125	125
Short Term Debt	77	71	0	0	2	0	0	0	0	0
Trade Payables	25	23	29	27	49	67	63	47	29	39
Others Liabilities ⓘ	176	187	131	67	73	87	82	206	81	78
Total Liabilities ⓘ	287	250	290	282	283	314	295	291	277	284
Fixed Assets
Gross Block	311	312	313	315	320	320	366	365	365	381
Accumulated Depreciation	164	172	180	188	194	202	211	220	229	239
Net Fixed Assetsⓘ	147	140	133	128	126	118	155	146	136	143
CWIP ⓘ	56	25	25	25	11	46	1	1	3	1
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	32	29	60	76	32	20	32	49	59	50
Trade Receivables	13	40	50	35	91	120	86	55	70	66
Cash Equivalents	1	1	1	2	0	1	1	2	1	1
Others Assetsⓘ	37	15	20	16	23	10	20	39	8	24
Total Assets ⓘ	287	250	290	282	283	314	295	291	277	284

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 ⓘ	22	2	-6	7	-4	54	23	22	8	26
PBT ⓘ	-59	-29	4	64	-19	17	12	16	6	1
Adjustment ⓘ	39	21	8	9	9	9	9	9	17	22
Changes in Working Capital ⓘ	-5	-23	-17	-66	5	28	4	1	-12	4
Tax Paid ⓘ	0	0	0	0	0	0	-2	-4	-2	0
Cash Flow From Investing Activity ⓘ	0	-1	-1	-3	8	-35	-1	0	-2	-13
Capex	0	-1	-1	-3	-6	0	-1	0	-2	-14
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	14	-35	0	0	0	0
Cash Flow From Financing Activityⓘ	-22	-1	7	-3	-6	-18	-22	-22	-7	-13
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-30	-12	-1	-1	-2	-2	0	0	-8	-13
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	8	12	7	-2	-5	-17	-22	-22	1	0
Net Cash Flow ⓘ	0	0	0	1	-2	0	1	0	-1	0

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 (%)	N/A	N/A	N/A	0	N/A	238.73	56.75	36.07	8.94	1.12
ROCE (%)	N/A	N/A	N/A	39.62	N/A	10.81	7.29	9.83	8.12	8.02
Asset Turnover Ratio	1.19	1.4	1.47	1.56	2.03	1.37	0.99	1.72	1.76	2.08
PAT to CFO Conversion(x)	N/A	N/A	-6	0.17	N/A	3.38	1.92	1.83	2	N/A
Working Capital Days
Receivable Days	27	26	42	35	40	94	125	51	46	43
Inventory Days	32	30	41	56	34	23	32	29	39	34
Payable Days	33	39	40	31	33	65	114	54	37	28

SAL Steel Ltd Stock News

SAL Steel Ltd FAQs

What is the share price of SAL Steels?

Company share prices are keep on changing according to the market conditions. The closing price of SAL Steels on 20-Dec-2024 16:59 is ₹23.91.

What is the market cap of SAL 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 20-Dec-2024 16:59 the market cap of SAL Steels stood at ₹203.2.

What is the P/E ratio of SAL Steels?

The latest P/E ratio of SAL Steels as of 20-Dec-2024 16:59 is 461.7.

What is the P/B ratio of SAL Steels?

The latest P/B ratio of SAL Steels as of 20-Dec-2024 16:59 is 4.81.

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

The 52-week high of SAL Steels is ₹31.17 and the 52-week low is ₹17.16.

What is the TTM revenue of SAL Steels?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SAL Steels is ₹500.6 ( Cr.) .

About SAL Steel Ltd

S A L Steel was incorporated on November 6, 2003 under the Companies Act, 1956 as a private limited company and as such did not require any certificate of commencement of business. Pursuant to its conversion from a private limited company to a public limited company, a fresh Certificate of Incorporation was issued on December 17, 2003 and its name was changed from S A L Steel Private Limited to S A L Steel Limited.

SAL achieved assessment standard of ISO 9001:2000 in April 2002 from SGS Yarsley International Certification Services for manufacture and supply of mild steel, stainless steel and other alloy steel plates and coils.

In 2011 S A L Steel entered into a Memorandum of Understanding with the Government of Gujarat for establishment of the Cement project at Kachchh.

Business areas of the company:

SAL is engaged in manufacture of stainless steel (SS) products. The main products of the company include stainless steel, hot rolled (HR) sheets, coils, plates, slabs, flats, rounds, bars, etc. The stainless steel products are used for manufacture/preparation of utensils, railway coaches, wagons, electrical appliances, food processing equipment, pharmaceutical equipment, telecommunication equipment, household kitchenware, petroleum refining equipment, pressure vessels, large mufflers for engines, silencers, pipes and emission control units, bulk solid handling areas, surgical instruments, vegetable choppers, tableware, cutlery, washing machine parts, automobile components, etc.

Group companies:

Shah Steel and Rolling Industries (SSRI)

SSRI is a partnership firm managed by Rajendra V. Shah and Ragini R. Shah. The firm commenced operations in 1997-98 to manufacture M S angles, CTD bars, sections and melting scrap. The firm has stopped its manufacturing activity. Its main source of income is labour charges and rent income.

Shah Industries Unit - I (SIU-I)

SIU-I is a proprietorship firm managed by Rajendra V Shah. The firm commenced operations in 1986-87. It has stopped its manufacturing activity. Its main source of income is rent, commission, etc.

Shah Steel Udyog (SSU)

SSU is a proprietorship firm managed by Rajendra V Shah HUF. The firm commenced operations in 1998-99 and is in business of manufacturing of M S angles, CTD bars, sections and melting scrap.

Shah Steel Craft and Rolling Industries (SSCRI)

SSCRI is a proprietorship firm managed by Ragini R Shah. The firm commenced operations in 1987-88 and is in the business of manufacture M S angles, CTD bars, sections, channels, etc. The concern has stopped its manufacturing activity. The main source of income is rent.