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Last Updated on: 10 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

National Steel & Agro Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: July 26, 2024, 11:29 am

Market Cap 17.6 Cr.
Current Price 3.95
High / Low/
Stock P/E
Book Value 337
Dividend Yield0.00 %
ROCE24.9 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for National Steel & Agro Industries Ltd

Competitors of National Steel & Agro Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bloom Industries Ltd 27.0 Cr. 40.657.2/22.139.7 14.40.00 %7.63 %2.69 % 10.0
National Steel & Agro Industries Ltd 17.6 Cr. 3.95/ 3370.00 %24.9 %% 10.0
Industry Average0 Cr22.2839.70175.700.00%16.27%2.69%10.00

All Competitor Stocks of National Steel & Agro Industries Ltd

Quarterly Result

MonthDec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
Sales334348269519540250249208200159121180166
Expenses327396279519535260265209195139125179174
Operating Profit7-48-905-10-17-1520-41-9
OPM %2%-14%-3%0%1%-4%-7%-0%2%13%-3%0%-5%
Other Income01505210330-39100
Interest415645515349106162154000
Depreciation12121212121212121212121212
Profit before tax-47-100-66-58-58-71-1343-28-85-15-12-21
Tax %0%-54%-7%18%1%27%23%0%0%-3%0%0%0%
Net Profit-47-153-70-48-58-52-1033-28-87-15-12-21
EPS in Rs-10.46-34.48-15.82-10.71-12.95-11.61-23.110.74-6.39-19.53-3.43-2.70-4.61

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022TTM
Sales2,5402,7853,4843,4993,8843,7503,9804,2101,0821,3091,578815626
Expenses2,4132,6313,3163,3193,6983,5983,8944,2661,2391,3311,593808618
Operating Profit12815416918118615286-55-157-22-1578
OPM %5%6%5%5%5%4%2%-1%-15%-2%-1%1%1%
Other Income1401210138131526158-38-38
Interest8410312512712313713813414718219816555
Depreciation18181921151549504949494848
Profit before tax393437434838-87-224-327-237-253-244-132
Tax %18%16%22%29%38%26%5%36%26%-23%10%12%
Net Profit322929303028-82-143-240-291-227-215-135
EPS in Rs7.246.466.496.846.786.32-18.45-32.11-54.03-65.36-51.10-48.29-30.27
Dividend Payout %0%0%0%0%0%0%0%-2%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)-9.38%0.00%3.45%0.00%-6.67%-392.86%-74.39%-67.83%-21.25%21.99%5.29%
Change in YoY Net Profit Growth (%)0.00%9.38%3.45%-3.45%-6.67%-386.19%318.47%6.56%46.58%43.24%-16.71%

National Steel & Agro Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2011-2012 to 2021-2022.

Growth

Compounded Sales Growth
10 Years:-12%
5 Years:-27%
3 Years:-9%
TTM:-31%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:8%
TTM:55%
Stock Price CAGR
10 Years:-14%
5 Years:16%
3 Years:-6%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Sep 2022
Equity Capital44444444444444444444444444
Reserves153179206234260286-415-559-799-1,063-1,300-1,516-1,544
Borrowings3803453483643372882532551,2211,3391,5021,5371,537
Other Liabilities5426456476307917721,9311,707406392360436448
Total Liabilities1,1201,2141,2451,2711,4321,3901,8131,448873712606501486
Fixed Assets189179221203192166641600552503457411386
CWIP12481121454100000
Investments3333312110100
Other Assets9169841,0201,0651,2171,1781,1668473202081489199
Total Assets1,1201,2141,2451,2711,4321,3901,8131,448873712606501486

Reserves and Borrowings Chart

Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Cash from Operating Activity +74171158108170166173132-8553636126
Cash from Investing Activity +-18-3807-1426222040-2-0
Cash from Financing Activity +-33-133-124-128-161-193-174-129759-38-34-130
Net Cash Flow22-135-13-5-125109-1-0-4

Free Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Free Cash Flow-252.00-191.00-179.00-183.00-151.00-136.00-167.00-310.00-158.00-23.00-16.006.00

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

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Debtor Days4544424340423831551516
Inventory Days78774852575545262827198
Days Payable768568677677163130986749144
Cash Conversion Cycle473622282120-79-72-15-25-30-131
Working Capital Days473931373133-64-76-35-41-45-162
ROCE %23%24%28%28%27%24%20%-173%-14%-19%-25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Promoters49.85%49.85%49.85%49.85%49.85%49.85%49.85%49.85%49.85%49.85%49.85%49.85%
DIIs0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%
Public50.03%50.03%50.03%50.03%50.03%50.03%50.03%50.03%50.03%50.03%50.03%50.04%
No. of Shareholders27,70727,63427,43827,23627,13227,66027,98427,87527,76527,71927,64827,934

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-48.29-51.10-65.36-54.03-32.11
Diluted EPS (Rs.)-48.29-51.10-65.36-54.03-32.11
Cash EPS (Rs.)-37.50-40.16-54.42-43.04-20.98
Book Value[Excl.RevalReserv]/Share (Rs.)-335.83-287.21-234.94-169.51-115.59
Book Value[Incl.RevalReserv]/Share (Rs.)-335.83-287.21-234.94-169.51-115.59
Dividend / Share (Rs.)0.000.000.000.400.50
Revenue From Operations / Share (Rs.)183.16354.71294.23243.08946.17
PBDIT / Share (Rs.)2.18-1.45-1.40-29.48-9.01
PBIT / Share (Rs.)-8.61-12.39-12.33-40.47-20.13
PBT / Share (Rs.)-54.83-56.79-53.32-73.51-50.28
Net Profit / Share (Rs.)-48.29-51.10-65.36-54.03-32.11
PBDIT Margin (%)1.19-0.40-0.47-12.12-0.95
PBIT Margin (%)-4.69-3.49-4.18-16.64-2.12
PBT Margin (%)-29.93-16.01-18.12-30.24-5.31
Net Profit Margin (%)-26.36-14.40-22.21-22.22-3.39
Return on Capital Employeed (%)2.614.695.9226.0324.37
Return On Assets (%)-42.87-37.25-40.84-27.54-9.86
Long Term Debt / Equity (X)0.00-0.03-0.03-0.07-0.10
Total Debt / Equity (X)-1.03-1.18-1.28-1.55-0.48
Asset Turnover Ratio (%)1.472.391.650.932.58
Current Ratio (X)0.030.080.120.190.46
Quick Ratio (X)0.020.040.070.140.30
Inventory Turnover Ratio (X)11.6917.7714.453.462.88
Dividend Payout Ratio (NP) (%)0.000.000.000.00-1.55
Dividend Payout Ratio (CP) (%)0.000.000.000.00-2.38
Earning Retention Ratio (%)0.000.000.000.00101.55
Cash Earning Retention Ratio (%)0.000.000.000.00102.38
Interest Coverage Ratio (X)0.05-0.03-0.03-0.89-0.29
Interest Coverage Ratio (Post Tax) (X)-0.05-0.15-0.59-0.63-0.06
Enterprise Value (Cr.)1552.711511.881337.721182.47275.99
EV / Net Operating Revenue (X)1.910.951.021.090.06
EV / EBITDA (X)159.84-234.89-215.43-9.01-6.89
MarketCap / Net Operating Revenue (X)0.020.010.000.020.03
Retention Ratios (%)0.000.000.000.00101.55
Price / BV (X)-0.01-0.01-0.01-0.03-0.24
Price / Net Operating Revenue (X)0.020.010.000.020.03
EarningsYield-10.90-11.94-46.68-9.67-1.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of National Steel & Agro Industries Ltd as of December 10, 2024 is: 773.42

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.

As of December 10, 2024, National Steel & Agro Industries Ltd is Undervalued by 19,480.25% compared to the current share price 3.95

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of National Steel & Agro Industries Ltd as of December 10, 2024 is: 1,469.49

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 10, 2024, National Steel & Agro Industries Ltd is Undervalued by 37,102.28% compared to the current share price 3.95

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 90.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -17.08, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -14.83, which is a positive sign.
  1. The stock has a low average ROCE of -4.75%, which may not be favorable.
  2. The company has higher borrowings (746.62) compared to reserves (-452.15), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (112.85) and profit (-97.31).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in National Steel & Agro Industries Ltd:
    1. Net Profit Margin: -26.36%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 2.61% (Industry Average ROCE: 16.27%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 2.69%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.05
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.02
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 39.7)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: -1.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

National Steel and Agro Industries Ltd. is a Public Limited Listed company incorporated on 09/01/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27100MH1985PLC140379 and registration number is 140379. Currently company belongs to the Industry of Steel - GP/GC Sheets. Company’s Total Operating Revenue is Rs. 815.05 Cr. and Equity Capital is Rs. 44.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - GP/GC Sheets621, Tulsiani Chambers, Nariman Point Mumbai Maharashtra 400021nsail.mumbai@nsail.com
http://www.nsail.com
Management
NamePosition Held
Mr. Santosh ShahraExecutive Chairman
Mr. Rajesh NemaDirector
Mr. Ashutosh UpadhyayDirector
Ms. Ankita SethiDirector
Mr. Manoj KhetanWholeTime Director & CFO
Mr. Sumit MittalDirector
Mr. Nirmal Kumar JainWhole Time Director

FAQ

What is the latest intrinsic value of National Steel & Agro Industries Ltd?

The latest intrinsic value of National Steel & Agro Industries Ltd as on 17 November 2024 is ₹773.42, which is 19480.25% higher than the current market price of ₹3.95.

What is the Market Cap of National Steel & Agro Industries Ltd?

The Market Cap of National Steel & Agro Industries Ltd is 17.6 Cr..

What is the current Stock Price of National Steel & Agro Industries Ltd as on 17 November 2024?

The current stock price of National Steel & Agro Industries Ltd as on 17 November 2024 is ₹3.95.

What is the High / Low of National Steel & Agro Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of National Steel & Agro Industries Ltd stocks is /.

What is the Stock P/E of National Steel & Agro Industries Ltd?

The Stock P/E of National Steel & Agro Industries Ltd is .

What is the Book Value of National Steel & Agro Industries Ltd?

The Book Value of National Steel & Agro Industries Ltd is 337.

What is the Dividend Yield of National Steel & Agro Industries Ltd?

The Dividend Yield of National Steel & Agro Industries Ltd is 0.00 %.

What is the ROCE of National Steel & Agro Industries Ltd?

The ROCE of National Steel & Agro Industries Ltd is 24.9 %.

What is the ROE of National Steel & Agro Industries Ltd?

The ROE of National Steel & Agro Industries Ltd is %.

What is the Face Value of National Steel & Agro Industries Ltd?

The Face Value of National Steel & Agro Industries Ltd is 10.0.

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 National Steel & Agro Industries 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