Price
Financials
Standalone, Rs crore| Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,428 | 2,185 | 978 | 2,648 | 2,465 | 2,636 | 2,668 | 2,828 | 2,973 | 2,640 | 2,771 | 2,702 |
| Expenses | 2,071 | 2,242 | 1,134 | 2,319 | 2,213 | 2,552 | 2,520 | 2,632 | 2,631 | 2,535 | 2,642 | 2,512 |
| Operating Profit | 357 | -58 | -156 | 329 | 252 | 84 | 148 | 195 | 342 | 106 | 129 | 190 |
| OPM % | 15% | -2.6% | -16% | 12% | 10% | 3.2% | 6% | 7% | 11% | 4.0% | 4.7% | 7% |
| Other Income | 0 | 0 | 0 | 116 | -1,016 | -15 | -11 | 89 | -225 | 336 | 35 | 128 |
| Interest | 274 | 284 | 288 | 227 | 224 | 266 | 286 | 268 | 256 | 180 | 248 | 232 |
| Depreciation | 149 | 154 | 146 | 148 | 147 | 149 | 159 | 157 | 162 | 162 | 158 | 152 |
| Profit before tax | -66 | -496 | -590 | 70 | -1,135 | -345 | -309 | -141 | -301 | 99 | -242 | -65 |
| Tax % | 4% | -33% | -31% | 0% | 0% | 0% | 0% | 0% | -259% | -23% | -46% | -244% |
| Net Profit | -69 | -332 | -409 | 70 | -1,135 | -345 | -309 | -141 | 478 | 122 | -131 | 94 |
| EPS in Rs | -3.15 | 0.29 | -4.76 | -1.45 | -1.29 | -0.59 | 1.90 | 0.49 | -0.52 | 0.37 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 15m | Jun 2011 | Jun 2012 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,915 | 7,434 | 8,246 | 8,146 | 10,090 | 8,231 | 11,104 | 11,086 |
| Expenses | 4,614 | 5,898 | 7,028 | 7,040 | 8,738 | 7,899 | 10,694 | 10,320 |
| Operating Profit | 301 | 1,535 | 1,218 | 1,106 | 1,352 | 332 | 410 | 767 |
| OPM % | 6% | 21% | 15% | 14% | 13% | 4.0% | 3.7% | 7% |
| Other Income | 79 | 192 | 644 | -256 | 456 | -863 | 197 | 273 |
| Interest | 1,005 | 1,100 | 1,108 | 1,227 | 1,370 | 1,023 | 1,076 | 915 |
| Depreciation | 571 | 624 | 638 | 647 | 774 | 596 | 627 | 634 |
| Profit before tax | -1,197 | 3 | 116 | -1,024 | -336 | -2,150 | -1,096 | -508 |
| Tax % | -32% | 385% | 70% | -33% | -4% | -16% | -71% | |
| Net Profit | -813 | -10 | 35 | -688 | -322 | -1,806 | -317 | 564 |
| EPS in Rs | -7.57 | -1.26 | 2.24 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 8% | 11% | 5% | ||
| Compounded Profit Growth | % | 117% | 145% | 243% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | -12% | -29% | 34% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1,218 | 1,218 | 1,222 | 1,222 | 1,222 | 2,386 | 2,516 |
| Reserves | -239 | 653 | 608 | -236 | -644 | -1,479 | -1,820 |
| Borrowings | 9,331 | 9,386 | 8,297 | 8,402 | 8,185 | 7,912 | 7,273 |
| Other Liabilities | 2,244 | 2,166 | 2,727 | 3,744 | 4,116 | 3,643 | 4,327 |
| Total Liabilities | 12,555 | 13,423 | 12,854 | 13,132 | 12,878 | 12,462 | 12,296 |
| Fixed Assets | 8,901 | 9,823 | 9,206 | 8,888 | 7,927 | 7,245 | 6,822 |
| CWIP | 616 | 55 | 108 | 103 | 64 | 53 | 188 |
| Investments | 113 | 114 | 118 | 233 | 229 | 163 | 161 |
| Other Assets | 2,925 | 3,431 | 3,421 | 3,909 | 4,658 | 5,000 | 5,125 |
| Total Assets | 12,555 | 13,423 | 12,854 | 13,132 | 12,878 | 12,462 | 12,296 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 827 | 1,458 | 1,550 | 1,433 | 1,246 | -812 | 1,167 |
| Cash from Investing Activity | -214 | -320 | -218 | -183 | -256 | -219 | -32 |
| Cash from Financing Activity | -623 | -957 | -1,581 | -1,250 | -970 | 1,400 | -1,520 |
| Net Cash Flow | -10 | 181 | -249 | 0 | 20 | 368 | -385 |
| Free Cash Flow | 626 | 1,150 | 1,377 | 1,329 | 1,104 | -873 | 963 |
| CFO/OP | 277% | 95% | 127% | 130% | 92% | -236% | 285% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 32 | 26 | 25 | 27 | 18 | 19 |
| Inventory Days | 127 | 103 | 106 | 106 | 125 | 142 | 89 |
| Days Payable | 241 | 168 | 189 | 248 | 235 | 205 | 187 |
| Cash Conversion Cycle | -69 | -34 | -57 | -117 | -82 | -45 | -79 |
| Working Capital Days | -6 | 15 | 2 | -39 | -23 | -23 | -50 |
| ROCE % | 10% | 11% | 9% | 11% | 1% | 7% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 9.95
Book Value₹ 2.77
ROCE6.82 %
ROE34.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)243%
Standalone figures.
Valuation
Market capRs 623 Cr
Enterprise valueRs 8,946 Cr
P/E (TTM)1.11x
Price to book0.63x
Price to sales0.06x
EV / EBITDA8.60x
EV / EBIT22.00x
EV / sales0.81x
Price to cash flow0.44x
Earnings yield90.47%
P/E, 3-year average109.42x
P/B, 3-year average1.43x
Profitability
Operating margin (excl. other income)13.57%
Operating margin (incl. other income)10.44%
EBITDA margin9.38%
Pre-tax margin-4.59%
Net profit margin5.09%
Net margin, latest quarter3.48%
ROE-48.89%
ROCE2.09%
ROA-5.30%
ROE, 3-year average-15.89%
ROCE, 3-year average7.92%
ROA, 3-year average-1.70%
ROIC (approx.)2.94%
Tax rate32.80%
Other income / net worth-25.94%
Growth
Sales growth (latest year)-1.21%
Profit growth (latest year)-2077.33%
Sales CAGR, 3 years18.35%
Sales growth QoQ-2.48%
Sales growth YoY (latest quarter)-4.43%
Per share
EPS (TTM)Rs 4.61
EPS (latest year)Rs -5.63
EPS (latest quarter)Rs 0.77
EPS, 3-year averageRs -1.81
Book value per shareRs 8.07
Sales per shareRs 90.69
Cash flow per shareRs 11.72
Free cash flow per shareRs 7.88
Efficiency
Asset turnover0.62x
Fixed asset turnover0.92x
Inventory turnover4.76x
Inventory days77 days
Debtor days25 days
Debtors turnover14.44x
Creditor days187 days
Cash conversion cycle-79 days
Working capital days-50 days
Leverage
Total debtRs 8,402 Cr
Cash and bankRs 79 Cr
Net debtRs 8,323 Cr
Debt to equity8.52x
Net debt / EBITDA8.00x
Interest coverage0.44x
Owners' fund to total sources7.51%
Debt to assets63.98%
Cash flow
Cash from Operating Activity (latest year)Rs 1,433 Cr
Cash from Investing Activity (latest year)Rs -183 Cr
Cash from Financing Activity (latest year)Rs -1,250 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 963 Cr
FCFE (approx.: FCF + change in debt)Rs 1,068 Cr
Sales to cash flow5.69x
Statement figures
Net sales (TTM)Rs 11,086 Cr
Net sales (latest year)Rs 8,146 Cr
Sales (latest quarter)Rs 2,702 Cr
Operating profit excl. other income (latest year)Rs 1,106 Cr
Operating profit (latest quarter)Rs 190 Cr
Other income (TTM)Rs 273 Cr
EBITDA (TTM)Rs 1,040 Cr
PBDT (TTM)Rs 125 Cr
Profit before tax (TTM)Rs -508 Cr
Tax (latest year)Rs -336 Cr
Net profit (TTM)Rs 564 Cr
Net profit (latest year)Rs -688 Cr
Net profit (latest quarter)Rs 94 Cr
Depreciation (TTM)Rs 634 Cr
Depreciation (latest quarter)Rs 152 Cr
Interest (TTM)Rs 915 Cr
Cost of goods sold (latest year)Rs 6,588 Cr
Total expenditure (latest year)Rs 7,040 Cr
Total income (latest year)Rs 7,890 Cr
Share capitalRs 1,222 Cr
ReservesRs -236 Cr
Shareholders' fundsRs 986 Cr
Total assetsRs 13,132 Cr
Net blockRs 8,888 Cr
Capital work in progressRs 103 Cr
InvestmentsRs 233 Cr
ReceivablesRs 564 Cr
InventoryRs 1,383 Cr
Other liabilitiesRs 3,744 Cr
Shares outstanding (crore)122.24
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).
| Period | JSWISPAT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.7% | -2.8% | +7.5 pts |
| 1 month | +7.0% | -6.8% | +13.8 pts |
| 3 months | +2.1% | -7.6% | +9.7 pts |
| 6 months | -4.3% | +0.4% | -4.7 pts |
| 1 year | -5.2% | -9.9% | +4.7 pts |
| 2 years | -53.4% | -13.6% | -39.8 pts |
| 3 years | -41.5% | +14.2% | -55.6 pts |
| 5 years | -63.9% | +27.9% | -91.8 pts |
Red flags
F-score 4 of 8No red flags in the latest statements and filings.
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
Mar 2013Sales ₹2,702 Cr -4.5% vs Mar 2012.
Net profit ₹94 Cr +166.7%.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2012-12-18 | Annual General Meeting | |
| 2011-12-12 | Annual General Meeting | |
| 2010-12-14 | Annual General Meeting | |
| 2009-09-10 | Annual General Meeting | |
| 2008-08-21 | Annual General Meeting | |
| 2007-07-16 | Agm | |
| 2006-08-14 | Agm |
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 JSW ISPAT Steel Ltd(Merged)?
JSW ISPAT Steel Ltd(Merged) (JSWISPAT) has a market capitalisation of Rs Cr. at the 2013-06-10 close.
What were JSW ISPAT Steel Ltd(Merged)'s latest quarterly results?
In the Mar 2013 quarter, JSW ISPAT Steel Ltd(Merged) sales was Rs 2,702 Cr (-4.5% vs Mar 2012) and net profit was Rs 94 Cr.