MarketFriction

ISMT Ltd

NSE ISMTLTD · Iron & Steel Products
₹120.19 -5.59%
NSE close2024-08-05
Market cap₹3,612 Cr.
P/E20.8
No trades in 30 days Delivery 42.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales567534581623709598650657749642596579
Expenses540520587588649540587577626538530516
Operating Profit2714-635605863801221056662
OPM %4.8%2.6%-1.1%6%9%10%10%12%16%16%11%11%
Other Income732,52133423-128-53
Interest6670-190585243233
Depreciation161616141414181322232919
Profit before tax-48-692,689194243456785872943
Tax %0%0%5%-7%27%32%81%39%39%29%33%32%
Net Profit-48-692,54620302984151621929
EPS in Rs-3.25-4.7084.740.671.010.960.281.351.712.060.650.97
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,5961,5231,0151,2041,5581,8541,3251,2522,1612,5802,6442,566
Expenses1,5201,4951,0111,1581,4781,7381,2481,2662,1012,3632,2712,211
Operating Profit75284458011678-1460217373355
OPM %4.7%1.9%0.4%3.8%5%6%6%-1.1%2.8%8%14%14%
Other Income-599-321015-1820-22,53312-7-7
Interest18723928227027727827526313221111
Depreciation1097975666157666462598794
Profit before tax-226-191-385-282-244-237-242-3422,517149267244
Tax %-14%-2%2%0%-0%0%-1%0%6%41%35%
Net Profit-194-188-395-282-243-237-240-3432,37488174162
EPS in Rs-13.25-12.84-26.95-19.23-16.57-16.18-16.41-23.3879.012.925.785.39
Dividend Payout %0%0%0%0%0%0%0%0%0%0%9%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%7%28%-2%
Compounded Profit Growth12%24%39%59%
Stock Price CAGR28%33%16%%
Return on Equity%%%12%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital737373737373737373150150150
Reserves358144171-191-478-719-943-1,188-1,5311,2361,3281,483
Borrowings1,3751,6101,7342,1162,2032,2152,1972,1382,09620984164
Other Liabilities1,0169207824876448641,1151,3761,670359380383
Total Liabilities2,8232,7472,7592,4862,4432,4332,4432,3992,3081,9551,9422,180
Fixed Assets1,4371,4061,6551,6011,2691,2241,4421,4231,3641,1261,019987
CWIP99919794172919442419261
Investments000000000000
Other Assets1,2871,2491,0077901,1571,207909882901825904932
Total Assets2,8232,7472,7592,4862,4432,4332,4432,3992,3081,9551,9422,180
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity1208669-245-7131801091610492161
Cash from Investing Activity-71-2314-7-11-2210-035-238
Cash from Financing Activity-83-8-82200-46-13-50-101-46-84-15257
Net Cash Flow-3555-12-40-1241730-13-2020-25-20
Free Cash Flow315162-249-81277294194122-80
CFO/OP83%117%245%-6,297%-156%31%69%136%-113%175%64%68%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days766846656053495580484443
Inventory Days259236192232215152129211181129126147
Days Payable3092832161499148385967635532
Cash Conversion Cycle262122149184158141207193114115158
Working Capital Days-121-180-172-389-362-389-463-742-873406255
ROCE %4%-1%-2%-3%-1%2%5%2%-3%2%11%18%
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters48.61%48.61%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%
FIIs1.04%0.36%0.19%0.18%0.08%0.00%0.03%0.02%0.10%0.07%0.09%0.19%
DIIs0.04%0.04%0.02%0.01%0.02%0.02%0.11%0.28%0.31%0.31%0.31%0.31%
Government0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
Public50.31%50.99%24.84%24.86%24.96%25.03%24.90%24.76%24.64%24.67%24.66%24.56%
No. of Shareholders70,57073,73073,25572,70572,87374,38681,73879,43380,30183,64986,35988,369

Fundamentals

Market Cap₹ 3,612 Cr.
Current Price₹ 120
Stock P/E20.8
Book Value₹ 54.4
ROCE17.9 %
ROE12.1 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)59%
Consolidated figures.
Valuation
Market capRs 3,612 Cr
Enterprise valueRs 3,768 Cr
P/E (TTM)22.28x
Price to book2.21x
Price to sales1.41x
EV / EBITDA10.81x
EV / EBIT14.79x
EV / sales1.47x
Price to cash flow22.44x
Earnings yield4.49%
Dividend yield0.42%
P/E, 3-year average12.90x
P/B, 3-year average1.29x
P/E, 5-year average12.90x
P/B, 5-year average0.61x
Profitability
Operating margin (excl. other income)14.12%
Operating margin (incl. other income)13.84%
EBITDA margin13.59%
Pre-tax margin9.50%
Net profit margin6.32%
Net margin, latest quarter5.03%
ROE11.16%
ROCE16.59%
ROA8.42%
ROE, 3-year average-2201.47%
ROCE, 3-year average84.62%
ROA, 3-year average41.44%
ROE, 5-year average-1310.71%
ROCE, 5-year average49.41%
ROA, 5-year average19.97%
ROIC (approx.)9.24%
Tax rate35.09%
Other income / net worth-0.46%
Growth
Sales growth (latest year)2.49%
Profit growth (latest year)97.91%
Sales CAGR, 3 years28.31%
Sales CAGR, 5 years7.36%
Sales growth QoQ-2.91%
Profit growth QoQ49.16%
Sales growth YoY (latest quarter)-11.95%
Profit growth YoY (latest quarter)-28.37%
Per share
EPS (TTM)Rs 5.39
EPS (latest quarter)Rs 0.97
EPS, 3-year averageRs 40.96
EPS, 5-year averageRs 10.53
Book value per shareRs 54.37
Sales per shareRs 85.38
Cash flow per shareRs 5.36
Free cash flow per shareRs -2.66
Dividends
Dividend payout8.65%
Dividend payout, 3-year average8.65%
Dividend payout, 5-year average8.65%
Efficiency
Asset turnover1.21x
Fixed asset turnover2.68x
Inventory turnover2.48x
Inventory days147 days
Debtor days43 days
Debtors turnover8.48x
Creditor days32 days
Cash conversion cycle158 days
Working capital days55 days
Leverage
Total debtRs 164 Cr
Cash and bankRs 7 Cr
Net debtRs 156 Cr
Debt to equity0.10x
Net debt / EBITDA0.45x
Interest coverage23.20x
Owners' fund to total sources74.93%
Debt to assets7.50%
Cash flow
Cash from Operating Activity (latest year)Rs 161 Cr
Cash from Investing Activity (latest year)Rs -238 Cr
Cash from Financing Activity (latest year)Rs 57 Cr
Net Cash Flow (latest year)Rs -20 Cr
Free cash flow (latest year)Rs -80 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years0.23x
Sales to cash flow16.43x
Statement figures
Net sales (TTM)Rs 2,566 Cr
Net sales (latest year)Rs 2,644 Cr
Sales (latest quarter)Rs 579 Cr
Operating profit excl. other income (latest year)Rs 373 Cr
Operating profit (latest quarter)Rs 62 Cr
Other income (TTM)Rs -7 Cr
EBITDA (TTM)Rs 349 Cr
PBDT (TTM)Rs 338 Cr
Profit before tax (TTM)Rs 244 Cr
Tax (latest year)Rs 94 Cr
Net profit (TTM)Rs 162 Cr
Net profit (latest year)Rs 174 Cr
Net profit (latest quarter)Rs 29 Cr
Depreciation (TTM)Rs 94 Cr
Depreciation (latest quarter)Rs 19 Cr
Interest (TTM)Rs 11 Cr
Cost of goods sold (latest year)Rs 1,259 Cr
Total expenditure (latest year)Rs 2,271 Cr
Total income (latest year)Rs 2,637 Cr
Share capitalRs 150 Cr
ReservesRs 1,483 Cr
Shareholders' fundsRs 1,634 Cr
Total assetsRs 2,180 Cr
Net blockRs 987 Cr
Capital work in progressRs 261 Cr
ReceivablesRs 312 Cr
InventoryRs 508 Cr
Other liabilitiesRs 383 Cr
Shares outstanding (crore)30.05
Ownership
Promoter holding74.95% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.3 is at the 70th percentile of its own 2.2-year range (median 19.9, low 0.6, high 29.5).
P/B 2.21 is at the 85th percentile (median 1.59).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodISMTLTDNifty 50Difference
1 week-13.9%-2.8% -11.1 pts
1 month-12.6%-6.8% -5.8 pts
3 months+16.2%-7.6% +23.8 pts
6 months+12.9%+0.4% +12.4 pts
1 year+43.9%-9.9% +53.8 pts
2 years+137.8%-13.6% +151.3 pts
3 years+343.5%+14.2% +329.3 pts
5 years+2484.7%+27.9% +2456.8 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was 14% of net profit over the last 3 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

Jun 2024
Sales ₹579 Cr -11.9% vs Jun 2023. Net profit ₹29 Cr -29.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-03-15Interim Dividend - Rs 0.50 Per Share
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-08-01Annual General Meeting
2012-09-13Annual General Meeting/Dividend Rs 0.75 Per Share
2011-09-21Annual General Meeting And Dividend Rs.1.25 Per Share
2010-11-03Annual General Meeting And Dividend Re.1/- Per Share
2009-09-17Agm/Div-Re.0.50 Per Share
2009-04-08Int Div-Re.0.50 Per Sharepurpose Revised
2008-09-18Agm/Dividend -10%
2007-11-15Agm/Div Fin-10% + Int-10%
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 ISMT Ltd?

ISMT Ltd (ISMTLTD) has a market capitalisation of Rs 3,612 Cr. at the 2024-08-05 close.

What is the P/E ratio of ISMT Ltd?

ISMT Ltd trades at a P/E of 20.8 on trailing twelve-month profit, at the 2024-08-05 close.

What were ISMT Ltd's latest quarterly results?

In the Jun 2024 quarter, ISMT Ltd sales was Rs 579 Cr (-11.9% vs Jun 2023) and net profit was Rs 29 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03