ISMT Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of ISMT Ltd and is it undervalued?

As of 21 April 2026, ISMT Ltd's intrinsic value is 130.51, which is 8.76% higher than the current market price of 120.00, suggesting the stock is undervalued. Calculated using the PE ratio method factoring in ROE (12.1 %), book value (54.4), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of ISMT Ltd?

ISMT Ltd is trading at 120.00 as of 21 April 2026, with a FY2026-2027 high of and low of . Market cap stands at 3,612 Cr..

Q: Is ISMT Ltd financially healthy?

Key indicators: ROCE of 17.9 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Q: Is ISMT Ltd profitable and how is the profit trend?

ISMT Ltd reported a net profit of 174 Cr in Mar 2024 on revenue of 2,644 Cr. Compared to -343 Cr in Mar 2021, the net profit shows an improving trend.

Fair Value

₹111.72Fairly Valued by 6.90%vs CMP ₹120.00

P/E (20.8) × ROE (12.1%) × BV (₹54.40) × DY (2.00%)

₹130.51Fairly Valued by 8.76%vs CMP ₹120.00

MoS: +8.1% (Thin)Confidence: 43/100 (Low)Models: 3 Under, 1 Fair, 4 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹220.24	26%	Under (+83.5%)
Graham Number	Earnings	₹81.22	16%	Over (-32.3%)
Earnings Power	Earnings	₹140.27	13%	Under (+16.9%)
DCF	Cash Flow	₹126.60	13%	Fair (+5.5%)
Net Asset Value	Assets	₹54.25	8%	Over (-54.8%)
EV/EBITDA	Enterprise	₹147.38	10%	Under (+22.8%)
Earnings Yield	Earnings	₹53.90	8%	Over (-55.1%)
Revenue Multiple	Revenue	₹43.92	6%	Over (-63.4%)
Consensus (8 models)		₹130.51	100%	Fairly Valued

Key Drivers: EPS CAGR 97.1% lifts DCF — verify sustainability. | Wide model spread (₹44–₹220) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 97.1%

*Investments are subject to market risks

Analyst Summary

ISMT Ltd operates in the Steel - Rolling segment, current market price is ₹120.00, market cap is 3,612 Cr.. At a glance, stock P/E is 20.8, ROE is 12.1 %, ROCE is 17.9 %, book value is 54.4, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹130.51, which is about 8.8% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹2,644 Cr versus the prior period change of 2.5%, while latest net profit is about ₹174 Cr with a prior-period change of 97.7%. The 52-week range shown on this page is /, which helps frame where the current quote sits within its recent trading band. Business context: Fundamental Analysis of ISMT LtdISMT 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 L27109PN1999PLC01641…

This summary is generated from the stock page data available for ISMT Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

ISMT Ltd scores 64/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health65/100 · Strong

ROCE 17.9% GoodROE 12.1% GoodD/E -0.90 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money60/100 · Moderate

FII holding up 0.09% (6mo) Slight increasePromoter holding at 75.0% Stable

Earnings Quality75/100 · Strong

OPM expanding (1% → 11%) ImprovingWorking capital: 55 days (improving) Efficient

Quarterly Momentum70/100 · Strong

Revenue (4Q): -2% YoY FlatProfit (4Q): +49% YoY Strong

Industry Rank40/100 · Moderate

P/E 20.8 vs industry 12.4 Premium to peersROCE 17.9% vs industry 16.0% AverageROE 12.1% vs industry 25.3% Below peers3Y sales CAGR: 28% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: October 2, 2025, 9:40 pm

Market Cap	3,612 Cr.
Current Price	120
Intrinsic Value	₹130.51
High / Low	/
Stock P/E	20.8
Book Value	54.4
Dividend Yield	0.00 %
ROCE	17.9 %
ROE	12.1 %
Face Value	5.00
PEG Ratio	0.21

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for ISMT Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
ISMT Ltd	3,612 Cr.	120	/	20.8	54.4	0.00 %	17.9 %	12.1 %	5.00
Sunflag Iron & Steel Company Ltd	3,841 Cr.	213	322/192	17.6	474	0.35 %	3.95 %	2.33 %	10.0
Kalyani Steels Ltd	2,667 Cr.	611	989/574	9.94	451	1.64 %	15.6 %	14.0 %	5.00
Ahmedabad Steelcraft Ltd	196 Cr.	130	303/115	10.4	82.1	0.00 %	21.4 %	18.4 %	10.0
Modern Steels Ltd	16.4 Cr.	11.9	21.7/10.4	3.33	13.2	0.00 %	28.1 %	28.4 %	10.0
Industry Average	2,579.00 Cr	185.22		12.41	180.78	0.33%	16.00%	25.34%	8.33

All Competitor Stocks of ISMT Ltd

Quarterly Result

Metric	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	479	567	534	581	623	709	598	650	657	749	642	596	579
Expenses	454	540	520	587	588	649	540	587	577	626	538	530	516
Operating Profit	25	27	14	-6	35	60	58	63	80	122	105	66	62
OPM %	5%	5%	3%	-1%	6%	9%	10%	10%	12%	16%	16%	11%	11%
Other Income	2	7	3	2,521	3	3	4	2	3	-12	8	-5	3
Interest	68	66	70	-190	5	8	5	2	4	3	2	3	3
Depreciation	15	16	16	16	14	14	14	18	13	22	23	29	19
Profit before tax	-56	-48	-69	2,689	19	42	43	45	67	85	87	29	43
Tax %	0%	0%	0%	5%	-7%	27%	32%	81%	39%	39%	29%	33%	32%
Net Profit	-56	-48	-69	2,546	20	30	29	8	41	51	62	19	29
EPS in Rs	-3.80	-3.25	-4.70	84.74	0.67	1.01	0.96	0.28	1.35	1.71	2.06	0.65	0.97

Last Updated: February 28, 2025, 7:10 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 22, 2025, 3:36 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,620	1,596	1,523	1,015	1,204	1,558	1,854	1,325	1,252	2,161	2,580	2,644	2,566
Expenses	1,474	1,520	1,495	1,011	1,158	1,478	1,738	1,248	1,266	2,101	2,363	2,271	2,211
Operating Profit	147	75	28	4	45	80	116	78	-14	60	217	373	355
OPM %	9%	5%	2%	0%	4%	5%	6%	6%	-1%	3%	8%	14%	14%
Other Income	-46	-5	99	-32	10	15	-18	20	-2	2,533	12	-7	-7
Interest	158	187	239	282	270	277	278	275	263	13	22	11	11
Depreciation	101	109	79	75	66	61	57	66	64	62	59	87	94
Profit before tax	-158	-226	-191	-385	-282	-244	-237	-242	-342	2,517	149	267	244
Tax %	-21%	-14%	-2%	2%	0%	-0%	0%	-1%	0%	6%	41%	35%
Net Profit	-124	-194	-188	-395	-282	-243	-237	-240	-343	2,374	88	174	162
EPS in Rs	-8.47	-13.25	-12.84	-26.95	-19.23	-16.57	-16.18	-16.41	-23.38	79.01	2.92	5.78	5.39
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-56.45%	3.09%	-110.11%	28.61%	13.83%	2.47%	-1.27%	-42.92%	792.13%	-96.29%	97.73%
Change in YoY Net Profit Growth (%)	0.00%	59.54%	-113.20%	138.71%	-14.78%	-11.36%	-3.73%	-41.65%	835.04%	-888.42%	194.02%

ISMT Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

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:	59%

Stock Price CAGR
10 Years:	33%
5 Years:	75%
3 Years:	28%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	12%

Last Updated: September 5, 2025, 7:55 am

Balance Sheet

Last Updated: December 10, 2025, 2:53 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	73	73	73	73	73	73	73	73	73	150	150	150
Reserves	358	144	171	-191	-478	-719	-943	-1,188	-1,531	1,236	1,328	1,483
Borrowings	1,375	1,610	1,734	2,116	2,203	2,215	2,197	2,138	2,096	209	84	164
Other Liabilities	1,016	920	782	487	644	864	1,115	1,376	1,670	359	380	383
Total Liabilities	2,823	2,747	2,759	2,486	2,443	2,433	2,443	2,399	2,308	1,955	1,942	2,180
Fixed Assets	1,437	1,406	1,655	1,601	1,269	1,224	1,442	1,423	1,364	1,126	1,019	987
CWIP	99	91	97	94	17	2	91	94	42	4	19	261
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	1,287	1,249	1,007	790	1,157	1,207	909	882	901	825	904	932
Total Assets	2,823	2,747	2,759	2,486	2,443	2,433	2,443	2,399	2,308	1,955	1,942	2,180

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	120	86	69	-245	-71	31	80	109	16	104	92	161
Cash from Investing Activity +	-71	-23	1	4	-7	-1	1	-22	10	-0	35	-238
Cash from Financing Activity +	-83	-8	-82	200	-46	-13	-50	-101	-46	-84	-152	57
Net Cash Flow	-35	55	-12	-40	-124	17	30	-13	-20	20	-25	-20
Free Cash Flow	31	51	62	-249	-81	27	72	94	1	94	122	-80
CFO/OP	83%	117%	245%	-6,297%	-156%	31%	69%	136%	-113%	175%	64%	68%

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	146.00	74.00	27.00	2.00	43.00	78.00	114.00	76.00	-16.00	-149.00	133.00	209.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	76	68	46	65	60	53	49	55	80	48	44	43
Inventory Days	259	236	192	232	215	152	129	211	181	129	126	147
Days Payable	309	283	216	149	91	48	38	59	67	63	55	32
Cash Conversion Cycle	26	21	22	149	184	158	141	207	193	114	115	158
Working Capital Days	-121	-180	-172	-389	-362	-389	-463	-742	-873	40	62	55
ROCE %	4%	-1%	-2%	-3%	-1%	2%	5%	2%	-3%	2%	11%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	48.61%	48.61%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%	74.95%
FIIs	1.04%	0.36%	0.19%	0.18%	0.08%	0.00%	0.03%	0.02%	0.10%	0.07%	0.09%	0.19%
DIIs	0.04%	0.04%	0.02%	0.01%	0.02%	0.02%	0.11%	0.28%	0.31%	0.31%	0.31%	0.31%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	50.31%	50.99%	24.84%	24.86%	24.96%	25.03%	24.90%	24.76%	24.64%	24.67%	24.66%	24.56%
No. of Shareholders	70,570	73,730	73,255	72,705	72,873	74,386	81,738	79,433	80,301	83,649	86,359	88,369

Shareholding Pattern Chart

No. of Shareholders

ISMT Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	5.78	2.92	152.40	-23.38	-16.41
Diluted EPS (Rs.)	5.78	2.92	152.40	-23.38	-16.41
Cash EPS (Rs.)	8.68	4.87	81.08	-19.62	-12.54
Book Value[Excl.RevalReserv]/Share (Rs.)	54.37	43.01	39.81	-112.76	-89.57
Book Value[Incl.RevalReserv]/Share (Rs.)	54.37	49.18	46.14	-99.52	-76.07
Revenue From Operations / Share (Rs.)	88.00	85.86	71.90	85.44	90.47
PBDIT / Share (Rs.)	12.92	7.83	2.74	2.30	6.09
PBIT / Share (Rs.)	10.01	5.88	0.65	-2.07	1.62
PBT / Share (Rs.)	8.90	4.94	83.76	-23.98	-17.15
Net Profit / Share (Rs.)	5.77	2.92	79.00	-23.99	-17.01
NP After MI And SOA / Share (Rs.)	5.78	2.92	79.01	-23.38	-16.41
PBDIT Margin (%)	14.67	9.11	3.80	2.68	6.73
PBIT Margin (%)	11.37	6.84	0.91	-2.42	1.78
PBT Margin (%)	10.10	5.75	116.49	-28.06	-18.95
Net Profit Margin (%)	6.56	3.40	109.88	-28.07	-18.80
NP After MI And SOA Margin (%)	6.56	3.40	109.88	-27.36	-18.14
Return on Networth / Equity (%)	10.62	6.78	198.45	0.00	0.00
Return on Capital Employeed (%)	17.68	11.47	1.37	2.19	-2.53
Return On Assets (%)	7.96	4.51	121.46	-14.84	-10.02
Long Term Debt / Equity (X)	0.00	0.00	0.00	-0.03	-0.12
Total Debt / Equity (X)	0.09	0.05	0.17	-0.64	-0.90
Asset Turnover Ratio (%)	1.28	1.30	1.01	0.52	0.53
Current Ratio (X)	1.85	2.16	1.56	0.19	0.21
Quick Ratio (X)	0.78	0.97	0.71	0.10	0.09
Inventory Turnover Ratio (X)	2.55	3.05	3.28	1.85	1.94
Interest Coverage Ratio (X)	34.38	10.85	5.75	0.12	0.32
Interest Coverage Ratio (Post Tax) (X)	18.33	5.34	-8.60	-0.11	0.09
Enterprise Value (Cr.)	2766.68	2253.29	1649.25	1183.64	1148.35
EV / Net Operating Revenue (X)	1.05	0.87	0.76	0.94	0.86
EV / EBITDA (X)	7.13	9.58	20.05	35.15	12.87
MarketCap / Net Operating Revenue (X)	0.98	0.85	0.69	0.12	0.02
Price / BV (X)	1.60	1.71	1.25	-0.09	-0.02
Price / Net Operating Revenue (X)	0.98	0.85	0.69	0.12	0.02
EarningsYield	0.06	0.03	1.58	-2.19	-6.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fundamental Analysis of 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.

INDUSTRY	ADDRESS	CONTACT
Steel - Rolling	Panama House, Viman Nagar, Pune Maharashtra 411014	secretarial@ismt.co.in http://www.ismt.com

Management
Name	Position Held
Mr. Rahul Kirloskar	Chairman
Mr. Ravindranath Gumaste	Vice Chairman
Mr. Nishikant Ektare	Managing Director
Mr. M Kanakraj	Director
Mr. S Venkataramani	Director
Dr. Shalini Sarin	Director

ISMT Ltd. Share Price Update
Share Price	Value
Today	₹118.30
Previous Day	₹124.05

FAQ

What is the intrinsic value of ISMT Ltd and is it undervalued?

As of 21 April 2026, ISMT Ltd's intrinsic value is ₹130.51, which is 8.76% higher than the current market price of ₹120.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.1 %), book value (₹54.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of ISMT Ltd?

ISMT Ltd is trading at ₹120.00 as of 21 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹3,612 Cr..

How does ISMT Ltd's P/E ratio compare to its industry?

ISMT Ltd has a P/E ratio of 20.8, which is above the industry average of 12.41. The premium over industry average may reflect growth expectations or speculative interest.

Is ISMT Ltd financially healthy?

Key indicators for ISMT Ltd: ROCE of 17.9 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is ISMT Ltd profitable and how is the profit trend?

ISMT Ltd reported a net profit of ₹174 Cr in Mar 2024 on revenue of ₹2,644 Cr. Compared to ₹-343 Cr in Mar 2021, the net profit shows an improving trend.

Does ISMT Ltd pay dividends?

ISMT Ltd has a dividend yield of 0.00 % at the current price of ₹120.00. The company is currently not paying meaningful dividends.