Price
Financials
Standalone, Rs crore| Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 615 | 859 | 784 | 557 | 464 | 676 | 707 | 787 | 848 | 1,149 | 1,022 | 1,099 |
| Expenses | 667 | 972 | 716 | 656 | 513 | 632 | 746 | 726 | 780 | 1,002 | 1,717 | 1,033 |
| Operating Profit | -51 | -112 | 68 | -99 | -49 | 44 | -39 | 61 | 69 | 147 | -696 | 66 |
| OPM % | -8% | -13% | 9% | -18% | -11% | 7% | -5% | 8% | 8% | 13% | -68% | 6% |
| Other Income | 1 | 563 | 25 | 58 | 38 | 60 | 197 | 46 | 9 | -5,304 | 1,737 | 17 |
| Interest | 131 | 134 | 243 | 324 | 283 | 280 | 281 | 283 | 285 | -58 | 36 | 89 |
| Depreciation | 51 | 51 | 121 | 121 | 119 | 118 | 120 | 121 | 120 | 173 | 77 | 79 |
| Profit before tax | -232 | 265 | -271 | -486 | -413 | -293 | -242 | -297 | -328 | -5,272 | 928 | -86 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -232 | 265 | -271 | -486 | -413 | -293 | -242 | -297 | -328 | -5,272 | 928 | -86 |
| EPS in Rs | -0.96 | 1.10 | -1.12 | -2.02 | -1.72 | -1.22 | -1.01 | -1.23 | -1.36 | -21.88 | 4.73 | -0.44 |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 163 | 513 | 1,831 | 2,598 | 2,562 | 3,613 | 4,952 | 6,596 | 7,978 | 8,578 | 8,147 | 7,475 |
| Expenses | 248 | 566 | 1,818 | 2,805 | 2,519 | 3,378 | 5,203 | 6,031 | 7,698 | 8,344 | 7,709 | 7,304 |
| Operating Profit | -85 | -53 | 13 | -207 | 43 | 235 | -251 | 565 | 280 | 234 | 438 | 171 |
| OPM % | -52% | -10% | 0.7% | -8% | 1.7% | 7% | -5% | 9% | 3.5% | 2.7% | 5% | 2.3% |
| Other Income | -1 | 7 | 16 | 569 | 98 | -5,050 | 2,065 | 143 | 69 | 11 | 112 | -5 |
| Interest | 134 | 177 | 452 | 527 | 1,126 | 790 | 321 | 338 | 376 | 432 | 425 | 361 |
| Depreciation | 59 | 68 | 201 | 203 | 479 | 534 | 305 | 345 | 444 | 463 | 444 | 444 |
| Profit before tax | -280 | -291 | -624 | -368 | -1,463 | -6,139 | 1,188 | 24 | -471 | -649 | -318 | -639 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 491% | 19% | 49% | -16% | 83% |
| Net Profit | -280 | -291 | -624 | -368 | -1,463 | -6,139 | 1,188 | -95 | -558 | -968 | -266 | -1,168 |
| EPS in Rs | -1.28 | -1.33 | -2.59 | -1.53 | -6.07 | -25.48 | 6.06 | -0.48 | -2.84 | -4.93 | -1.36 | -5.96 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 11% | % | -2% | -8% | ||
| Compounded Profit Growth | -15% | % | % | -250% | ||
| Stock Price CAGR | 27% | % | % | % | ||
| Return on Equity | % | -13% | -18% | -31% |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2,187 | 2,187 | 2,409 | 2,409 | 2,409 | 2,409 | 1,962 | 1,849 | 1,849 | 1,849 | 1,849 | 1,849 |
| Reserves | -396 | -687 | -1,316 | -1,514 | -2,977 | -9,117 | 1,684 | 4,279 | 3,718 | 2,750 | 2,482 | 1,311 |
| Borrowings | 7,150 | 8,389 | 10,211 | 10,269 | 10,288 | 9,907 | 3,554 | 4,008 | 3,874 | 2,535 | 2,505 | 3,888 |
| Other Liabilities | 1,320 | 1,512 | 2,057 | 2,268 | 3,299 | 4,789 | 1,252 | 1,059 | 1,841 | 3,708 | 4,092 | 3,947 |
| Total Liabilities | 10,261 | 11,401 | 13,361 | 13,432 | 13,020 | 7,988 | 8,452 | 11,194 | 11,282 | 10,841 | 10,928 | 10,995 |
| Fixed Assets | 1,448 | 3,733 | 4,649 | 10,374 | 9,912 | 5,162 | 5,142 | 5,110 | 4,954 | 4,859 | 4,625 | 4,740 |
| CWIP | 8,170 | 6,760 | 6,819 | 1,751 | 1,799 | 919 | 911 | 806 | 1,299 | 1,700 | 2,232 | 2,688 |
| Investments | 0 | 176 | 40 | 0 | 0 | 0 | 627 | 180 | 20 | 20 | 21 | 181 |
| Other Assets | 643 | 732 | 1,853 | 1,307 | 1,309 | 1,907 | 1,772 | 5,098 | 5,009 | 4,262 | 4,050 | 3,386 |
| Total Assets | 10,261 | 11,401 | 13,361 | 13,432 | 13,020 | 7,988 | 8,452 | 11,194 | 11,282 | 10,841 | 10,928 | 10,995 |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 65 | -33 | -384 | 721 | 204 | 1,040 | 843 | 1,551 | 953 | 1,264 | 884 | 240 |
| Cash from Investing Activity | -560 | -459 | -590 | -765 | -68 | -649 | -207 | -743 | -39 | -407 | -397 | -344 |
| Cash from Financing Activity | 509 | 468 | 1,165 | -122 | -53 | -444 | -321 | -865 | -944 | -733 | -587 | 117 |
| Net Cash Flow | 13 | -23 | 191 | -165 | 84 | -54 | 315 | -57 | -29 | 124 | -101 | 14 |
| Free Cash Flow | -698 | -369 | -1,050 | -185 | 126 | 988 | 772 | 772 | 361 | 790 | 509 | -10 |
| CFO/OP | -77% | 60% | -2,971% | -348% | 472% | 443% | -337% | 275% | 343% | 539% | 203% | 171% |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 16 | 23 | 35 | 18 | 18 | 17 | 4 | 11 | 5 | 4 | 3 |
| Inventory Days | 456 | 322 | 224 | 151 | 175 | 143 | 108 | 103 | 113 | 89 | 89 | 77 |
| Days Payable | 417 | 131 | 68 | 75 | 93 | 181 | 107 | 26 | 53 | 119 | 137 | 142 |
| Cash Conversion Cycle | 52 | 207 | 180 | 111 | 100 | -20 | 18 | 81 | 71 | -25 | -44 | -63 |
| Working Capital Days | -1,032 | -676 | -124 | -157 | -314 | -364 | -6 | -41 | -63 | -124 | -173 | -211 |
| ROCE % | -2% | -1% | -2% | -1% | -3% | -2% | 11% | -1% | -2% | 1% | -3% |
| Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 45.23% | 90.00% | 90.00% |
| FIIs | 0.75% | 1.45% | 3.05% | 4.03% | 4.04% | 4.01% | 2.92% | 0.04% | 0.09% | 0.09% |
| DIIs | 28.93% | 28.23% | 26.58% | 25.57% | 25.55% | 8.91% | 25.51% | 17.08% | 7.04% | 6.96% |
| Public | 25.09% | 25.09% | 25.13% | 25.17% | 25.17% | 41.85% | 26.33% | 37.65% | 2.87% | 2.95% |
| No. of Shareholders | 52,929 | 53,557 | 53,481 | 53,480 | 53,087 | 52,400 | 57,481 | 75,662 | 83,703 | 81,213 |
Fundamentals
Market Cap₹ 6,081 Cr.
Current Price₹ 31.0
Book Value₹ 16.1
ROCE-3.14 %
ROE-30.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-8%
Compounded Profit Growth (TTM)-250%
Standalone figures.
Valuation
P/B, 3-year average1.46x
P/B, 5-year average1.27x
Profitability
Operating margin (excl. other income)2.29%
Operating margin (incl. other income)2.22%
EBITDA margin-96.06%
Pre-tax margin-115.54%
Net profit margin-115.54%
Net margin, latest quarter-7.80%
ROE-31.19%
ROCE-4.00%
ROA-10.66%
ROE, 3-year average-18.73%
ROCE, 3-year average-1.70%
ROA, 3-year average-7.28%
ROE, 5-year average-13.53%
ROCE, 5-year average-0.38%
ROA, 5-year average-5.56%
ROIC (approx.)-117.61%
Tax rate-82.88%
Other income / net worth-0.15%
Growth
Sales growth (latest year)-8.25%
Sales CAGR, 3 years-2.14%
Sales CAGR, 5 years8.59%
Sales growth QoQ7.54%
Profit growth QoQ-109.23%
Sales growth YoY (latest quarter)39.67%
Per share
EPS (TTM)Rs -25.73
EPS (latest year)Rs -6.32
EPS (latest quarter)Rs -0.46
EPS, 3-year averageRs -4.33
EPS, 5-year averageRs -3.30
Book value per shareRs 17.09
Sales per shareRs 22.27
Cash flow per shareRs 1.30
Free cash flow per shareRs -0.05
Efficiency
Asset turnover0.68x
Fixed asset turnover1.58x
Inventory turnover5.88x
Inventory days62 days
Debtor days3 days
Debtors turnover140.70x
Creditor days142 days
Cash conversion cycle-63 days
Working capital days-211 days
Leverage
Total debtRs 3,888 Cr
Cash and bankRs 198 Cr
Net debtRs 3,690 Cr
Debt to equity1.23x
Interest coverage-12.51x
Owners' fund to total sources28.74%
Debt to assets35.36%
Cash flow
Cash from Operating Activity (latest year)Rs 240 Cr
Cash from Investing Activity (latest year)Rs -344 Cr
Cash from Financing Activity (latest year)Rs 117 Cr
Net Cash Flow (latest year)Rs 14 Cr
Free cash flow (latest year)Rs -10 Cr
FCFE (approx.: FCF + change in debt)Rs 1,373 Cr
Sales to cash flow31.10x
Statement figures
Net sales (TTM)Rs 4,118 Cr
Net sales (latest year)Rs 7,475 Cr
Sales (latest quarter)Rs 1,099 Cr
Operating profit excl. other income (latest year)Rs 171 Cr
Operating profit (latest quarter)Rs 66 Cr
Other income (TTM)Rs -3,541 Cr
EBITDA (TTM)Rs -3,956 Cr
PBDT (TTM)Rs -4,308 Cr
Profit before tax (TTM)Rs -4,758 Cr
Tax (latest year)Rs 530 Cr
Net profit (TTM)Rs -4,758 Cr
Net profit (latest year)Rs -1,168 Cr
Net profit (latest quarter)Rs -86 Cr
Depreciation (TTM)Rs 450 Cr
Depreciation (latest quarter)Rs 79 Cr
Interest (TTM)Rs 352 Cr
Cost of goods sold (latest year)Rs 5,125 Cr
Total expenditure (latest year)Rs 7,304 Cr
Total income (latest year)Rs 7,470 Cr
Share capitalRs 1,849 Cr
ReservesRs 1,311 Cr
Shareholders' fundsRs 3,160 Cr
Total assetsRs 10,995 Cr
Net blockRs 4,740 Cr
Capital work in progressRs 2,688 Cr
InvestmentsRs 181 Cr
ReceivablesRs 53 Cr
InventoryRs 872 Cr
Other liabilitiesRs 3,947 Cr
Shares outstanding (crore)184.90
Ownership
Promoter holding90.00% (+44.77 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.
Red flags
F-score 3 of 8| explain | Debt up, profit down Borrowings up 55% while net profit fell in 2026 |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Sep 2018Sales ₹1,099 Cr +39.6% vs Sep 2017.
Net loss ₹86 Cr.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of ESL Steel Ltd?
ESL Steel Ltd (533264) has a market capitalisation of Rs 6,081 Cr. at the close.
What were ESL Steel Ltd's latest quarterly results?
In the Sep 2018 quarter, ESL Steel Ltd sales was Rs 1,099 Cr (+39.6% vs Sep 2017) with a net loss of Rs 86 Cr.