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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of ISMT Ltd

About the Company - ISMT Ltd

ISMT Ltd. is a Public Limited Listed company incorporated on 01/09/1999 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27109PN1999PLC016417 and registration number is 016417. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs. 2152.54 Cr. and Equity Capital is Rs. 150.25 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - RollingPanama House, Viman Nagar, Pune Maharashtra 411014secretarial@ismt.co.in
http://www.ismt.com
Management
NamePosition Held
Mr. Rahul KirloskarChairman
Mr. Ravindranath GumasteVice Chairman
Mr. Nishikant EktareManaging Director
Mr. M KanakrajDirector
Mr. S VenkataramaniDirector
Dr. Shalini SarinDirector

Basic Stock Data of ISMT Ltd

Last Updated: June 12, 2024, 1:04 pm

Market Cap 3,861 Cr.
Current Price 128
High / Low137/68.2
Stock P/E20.5
Book Value 54.4
Dividend Yield0.39 %
ROCE17.9 %
ROE12.1 %
Face Value 5.00
PEG Ratio0.24

ISMT Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales384459479567534581623709598650657749642
Expenses371517454540520587588649540587577626538
Operating Profit13-58252714-63560586381122105
OPM %3%-13%5%5%3%-1%6%9%10%10%12%16%16%
Other Income11272732,52133422-128
Interest6666686670-1905852432
Depreciation16151516161614141418132223
Profit before tax-58-112-56-48-692,68919424345678587
Tax %0%-0%-0%0%0%5%-7%27%32%81%39%39%29%
Net Profit-58-112-56-48-692,5462030298415162
EPS in Rs-3.94-7.66-3.80-3.25-4.7084.740.671.010.960.281.351.712.06

Last Updated: June 11, 2024, 2:51 am

ISMT Ltd Quarterly Chart

ISMT Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,0351,6201,5961,5231,0151,2041,5581,8541,3251,2522,1612,5802,655
Expenses1,8191,4741,5201,4951,0111,1581,4781,7381,2481,2662,1012,3632,331
Operating Profit21614775284458011678-1460217324
OPM %11%9%5%2%0%4%5%6%6%-1%3%8%12%
Other Income25-46-599-321015-1820-22,53312-4
Interest126158187239282270277278275263132214
Depreciation9010110979756661576664625966
Profit before tax25-158-226-191-385-282-244-237-242-3422,517149239
Tax %-0%21%14%2%-2%-0%0%0%1%-0%6%41%
Net Profit25-124-194-188-395-282-243-237-240-3432,37488129
EPS in Rs1.72-8.47-13.25-12.84-26.95-19.23-16.57-16.18-16.41-23.3879.012.924.30
Dividend Payout %44%0%0%0%0%0%0%0%0%0%0%0%

ISMT Ltd Profit & Loss Yearly Chart

ISMT Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:7%
3 Years:28%
TTM:2%
Compounded Profit Growth
10 Years:12%
5 Years:24%
3 Years:39%
TTM:114%
Stock Price CAGR
10 Years:20%
5 Years:75%
3 Years:90%
1 Year:58%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:12%

Last Updated: May 31, 2024, 6:30 am

ISMT Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital73737373737373737373150150150
Reserves478358144171-191-478-719-943-1,188-1,5311,2361,3281,419
Borrowings1,2491,3751,6101,7342,1162,2032,2152,1972,1382,0962098442
Other Liabilities1,0881,0169207824876448641,1151,3761,670359380345
Total Liabilities2,8882,8232,7472,7592,4862,4432,4332,4432,3992,3081,9551,9421,956
Fixed Assets1,2191,4371,4061,6551,6011,2691,2241,4421,4231,3641,1261,019981
CWIP3579991979417291944241942
Investments0000000000000
Other Assets1,3121,2871,2491,0077901,1571,207909882901825904934
Total Assets2,8882,8232,7472,7592,4862,4432,4332,4432,3992,3081,9551,9421,956

ISMT Ltd Reserves and Borrowings Chart

ISMT Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2681208669-245-7131801091610492
Cash from Investing Activity -185-71-2314-7-11-2210-035
Cash from Financing Activity -65-83-8-82200-46-13-50-101-46-84-152
Net Cash Flow18-3555-12-40-1241730-13-2020-25

ISMT Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days677668466560534955804844
Inventory Days187259236192232215152129211181129126
Days Payable21630928321614991483859676355
Cash Conversion Cycle37262122149184158141207193114115
Working Capital Days-25-31-56-56-50-36-134-253-461-2817473
ROCE %9%4%-1%-2%-3%-1%2%5%2%-3%2%11%

ISMT Ltd Financial Efficiency Indicators Chart

ISMT Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters48.61%48.61%48.61%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%
FIIs1.42%1.04%0.36%0.19%0.18%0.08%0.00%0.03%0.02%0.10%0.07%0.09%
DIIs0.04%0.04%0.04%0.02%0.01%0.02%0.02%0.11%0.28%0.31%0.31%0.31%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%
Public49.93%50.31%50.99%24.84%24.86%24.96%25.03%24.90%24.76%24.64%24.67%24.66%
No. of Shareholders71,78470,57073,73073,25572,70572,87374,38681,73879,43380,30183,64986,359

ISMT Ltd Shareholding Pattern Chart

No. of ISMT Ltd Shareholders

This stock is not held by any mutual fund

ISMT Ltd ROCE Trend

ISMT Ltd EPS Trend

ISMT Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)5.782.92152.40-23.38-16.41
Diluted EPS (Rs.)5.782.92152.40-23.38-16.41
Cash EPS (Rs.)8.684.8781.08-19.62-12.54
Book Value[Excl.RevalReserv]/Share (Rs.)54.3743.0139.81-112.76-89.57
Book Value[Incl.RevalReserv]/Share (Rs.)54.3749.1846.14-99.52-76.07
Revenue From Operations / Share (Rs.)88.0085.8671.9085.4490.47
PBDIT / Share (Rs.)12.927.832.742.306.09
PBIT / Share (Rs.)10.015.880.65-2.071.62
PBT / Share (Rs.)8.904.9483.76-23.98-17.15
Net Profit / Share (Rs.)5.772.9279.00-23.99-17.01
NP After MI And SOA / Share (Rs.)5.782.9279.01-23.38-16.41
PBDIT Margin (%)14.679.113.802.686.73
PBIT Margin (%)11.376.840.91-2.421.78
PBT Margin (%)10.105.75116.49-28.06-18.95
Net Profit Margin (%)6.563.40109.88-28.07-18.80
NP After MI And SOA Margin (%)6.563.40109.88-27.36-18.14
Return on Networth / Equity (%)10.626.78198.450.000.00
Return on Capital Employeed (%)17.6811.471.372.19-2.53
Return On Assets (%)7.964.51121.46-14.84-10.02
Long Term Debt / Equity (X)0.000.000.00-0.03-0.12
Total Debt / Equity (X)0.090.050.17-0.64-0.90
Asset Turnover Ratio (%)1.281.301.010.520.53
Current Ratio (X)1.852.161.560.190.21
Quick Ratio (X)0.780.970.710.100.09
Inventory Turnover Ratio (X)2.553.053.281.851.94
Interest Coverage Ratio (X)34.3810.855.750.120.32
Interest Coverage Ratio (Post Tax) (X)18.335.34-8.60-0.110.09
Enterprise Value (Cr.)2766.682253.291649.251183.641148.35
EV / Net Operating Revenue (X)1.050.870.760.940.86
EV / EBITDA (X)7.139.5820.0535.1512.87
MarketCap / Net Operating Revenue (X)0.980.850.690.120.02
Price / BV (X)1.601.711.25-0.09-0.02
Price / Net Operating Revenue (X)0.980.850.690.120.02
EarningsYield0.060.031.58-2.19-6.29

ISMT Ltd Profitability Ratios (%)

ISMT Ltd Liquidity Ratios

ISMT Ltd Liquidity Ratios (%)

ISMT Ltd Interest Coverage Ratios (%)

ISMT Ltd Valuation Ratios

Fair Value

Fair Value: 135.47

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.83% compared to the current price 128

Intrinsic Value: 250.70

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 95.86% compared to the current price ₹128

Last 5 Year EPS CAGR: 85.07%

*Investments are subject to market risks

Strength and Weakness of ISMT Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -103.00, which is a positive sign.
  1. The stock has a low average ROCE of 2.08%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 113.92, which may not be favorable.
  3. The company has higher borrowings (1,482.15) compared to reserves (6.46), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (1.31) and profit (-145.54).

FAQ

What is the latest fair value of ISMT Ltd?

The latest fair value of ISMT Ltd is ₹135.47.

What is the Market Cap of ISMT Ltd?

The Market Cap of ISMT Ltd is 3,861 Cr..

What is the current Stock Price of ISMT Ltd as on 19 June 2024?

The current stock price of ISMT Ltd as on 19 June 2024 is ₹128.

What is the High / Low of ISMT Ltd stocks in FY 2024?

In FY 2024, the High / Low of ISMT Ltd stocks is 137/68.2.

What is the Stock P/E of ISMT Ltd?

The Stock P/E of ISMT Ltd is 20.5.

What is the Book Value of ISMT Ltd?

The Book Value of ISMT Ltd is 54.4.

What is the Dividend Yield of ISMT Ltd?

The Dividend Yield of ISMT Ltd is 0.39 %.

What is the ROCE of ISMT Ltd?

The ROCE of ISMT Ltd is 17.9 %.

What is the ROE of ISMT Ltd?

The ROE of ISMT Ltd is 12.1 %.

What is the Face Value of ISMT Ltd?

The Face Value of ISMT Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ISMT Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE