MarketFriction

PSL Ltd

NSE PSL · Iron & Steel Products
₹0.45 -10.00%
NSE close2020-10-12
Market cap₹5.62 Cr.
No trades in 30 days

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 2010Dec 2010Mar 2011Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales781784778384469657942465819
Expenses688680700483670657147486133
Operating Profit9310478-108-1-08-5-3-2-14
OPM %12%13%10%-27%18%-1.6%-0.1%10%-11%-6%-4.3%-73%
Other Income000235522141
Interest373843-392506711109
Depreciation354221313130302626262825
Profit before tax212413-36-29-29-76-22-36-39-36-48
Tax %34%33%65%0%0%0%0%0%6%0%4%0%
Net Profit14165-36-29-29-76-22-38-39-37-48
EPS in Rs2.612.960.89-2.86-2.32-2.32-6.10-1.80-3.07-3.13-2.99-3.82
Mar 2010Mar 2011Mar 2012Sep 2013 18mMar 2014 6mMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales3,7693,1252,6753,189772300276108167216225165
Expenses3,4172,7132,1893,2009964231,463545207217227190
Operating Profit352412486-12-225-124-1,188-437-40-2-2-24
OPM %9%13%18%-0.4%-29%-41%-431%-404%-24%-0.7%-0.8%-15%
Other Income5228162045-1656-125111388
Interest1662102983965182541935593437
Depreciation82143142253135208187172139122106106
Profit before tax1578763-641-365-579-1,423-752-203-169-134-159
Tax %22%40%29%3%-8%0%0%0%3%1%3%
Net Profit1235244-660-337-579-1,423-753-209-172-137-163
EPS in Rs22.949.808.32-123.82-63.22-58.53-143.84-60.24-16.76-13.73-10.99-13.01
Dividend Payout %17%41%48%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-25%-6%28%-35%
Compounded Profit Growth%11%21%-4%
Stock Price CAGR-23%%%%
Return on Equity%%%%
Mar 2010Mar 2011Mar 2012Sep 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Sep 2020
Equity Capital53535353539999125125125125125
Reserves867891908351-7-278-1,727-2,453-2,665-2,866-3,046-3,096
Borrowings2,5132,2823,7085,0955,0025,0144,3394,3244,3384,3974,4744,482
Other Liabilities1,3491,7661,753814655550411406417426407408
Total Liabilities4,7834,9926,4226,3135,7045,3853,1212,4022,2152,0821,9601,920
Fixed Assets1,3641,4401,7162,8102,7312,6481,7991,6431,5051,3801,2741,245
CWIP23721232316912882928178736969
Investments45533313433333
Other Assets3,1773,3364,3783,3312,8412,6511,096674629626613603
Total Assets4,7834,9926,4226,3135,7045,3853,1212,4022,2152,0821,9601,920
Mar 2009Mar 2010Mar 2011Mar 2012Sep 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity434-923623111-90617194127-7-27-17-47
Cash from Investing Activity-724-381-186-518-657-20-89-6-220138
Cash from Financing Activity1021,371-4584971,403-181-88-14327842
Net Cash Flow-18767-2189-160-30-84-22-7-043
Free Cash Flow-297-1,308429-419-1,5831464120-12-24-9-43
CFO/OP173%-249%159%29%7,584%-47%-114%-11%2%67%1,103%2,490%
Mar 2009Mar 2010Mar 2011Mar 2012Sep 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Debtor Days6150621196321348742420112710078
Inventory Days5082113406152698512,65051133337382267
Days Payable34673249355806427020132417349297
Cash Conversion Cycle2241881523792521,0002,8664552014713348
Working Capital Days37152-36-173935491,014-570152-53-172-291
ROCE %17%12%9%9%-5%-7%-36%-26%-9%-7%-6%
Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
Promoters36.90%36.90%36.90%36.90%36.90%36.90%36.90%36.90%36.90%36.90%36.90%36.90%
FIIs1.08%1.08%1.08%1.08%0.99%0.99%0.99%0.99%0.99%0.99%0.99%0.99%
DIIs19.70%19.70%18.65%18.38%16.64%16.64%16.48%16.51%16.48%16.48%16.48%16.48%
Public42.32%42.32%43.37%43.63%45.47%45.47%45.63%45.60%45.63%45.63%45.63%45.63%
No. of Shareholders27,94727,83727,80127,70427,68327,58627,58527,55427,57227,64329,32629,533

Fundamentals

Market Cap₹ 5.62 Cr.
Current Price₹ 0.45
Book Value₹ -234
ROCE-6.22 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-35%
Compounded Profit Growth (TTM)-4%
Consolidated figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 4,461 Cr
Price to book-0.00x
Price to sales0.03x
EV / sales26.98x
Earnings yield-2892.18%
P/B, 3-year average-0.01x
P/B, 5-year average-0.02x
Profitability
Operating margin (excl. other income)-0.84%
Operating margin (incl. other income)2.94%
EBITDA margin-9.92%
Pre-tax margin-96.29%
Net profit margin-98.35%
Net margin, latest quarter-247.31%
ROE4.85%
ROCE-6.22%
ROA-6.79%
ROE, 3-year average6.65%
ROCE, 3-year average-7.16%
ROA, 3-year average-7.95%
ROE, 5-year average43.09%
ROCE, 5-year average-17.78%
ROA, 5-year average-16.91%
ROIC (approx.)-8.15%
Tax rate-2.54%
Other income / net worth-0.29%
Growth
Sales growth (latest year)4.25%
Sales CAGR, 3 years27.66%
Sales CAGR, 5 years-5.55%
Sales growth QoQ-66.76%
Sales growth YoY (latest quarter)-75.58%
Per share
EPS (TTM)Rs -13.01
EPS (latest year)Rs -10.99
EPS (latest quarter)Rs -3.82
EPS, 3-year averageRs -13.83
EPS, 5-year averageRs -49.06
Book value per shareRs -233.81
Sales per shareRs 13.23
Cash flow per shareRs -3.75
Free cash flow per shareRs -3.44
Efficiency
Asset turnover0.11x
Fixed asset turnover0.18x
Inventory turnover2.49x
Inventory days146 days
Debtor days78 days
Debtors turnover4.70x
Creditor days297 days
Cash conversion cycle48 days
Working capital days-291 days
Leverage
Total debtRs 4,474 Cr
Cash and bankRs 19 Cr
Net debtRs 4,455 Cr
Debt to equity-1.53x
Interest coverage-3.28x
Owners' fund to total sources-149.06%
Debt to assets228.28%
Cash flow
Cash from Operating Activity (latest year)Rs -47 Cr
Cash from Investing Activity (latest year)Rs 8 Cr
Cash from Financing Activity (latest year)Rs 42 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -43 Cr
FCFE (approx.: FCF + change in debt)Rs 33 Cr
Statement figures
Net sales (TTM)Rs 165 Cr
Net sales (latest year)Rs 225 Cr
Sales (latest quarter)Rs 19 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
Operating profit (latest quarter)Rs -14 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs -16 Cr
PBDT (TTM)Rs -54 Cr
Profit before tax (TTM)Rs -159 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs -163 Cr
Net profit (latest year)Rs -137 Cr
Net profit (latest quarter)Rs -48 Cr
Depreciation (TTM)Rs 106 Cr
Depreciation (latest quarter)Rs 25 Cr
Interest (TTM)Rs 37 Cr
Cost of goods sold (latest year)Rs 128 Cr
Total expenditure (latest year)Rs 227 Cr
Total income (latest year)Rs 234 Cr
Share capitalRs 125 Cr
ReservesRs -3,046 Cr
Shareholders' fundsRs -2,921 Cr
Total assetsRs 1,960 Cr
Net blockRs 1,274 Cr
Capital work in progressRs 69 Cr
InvestmentsRs 3 Cr
ReceivablesRs 48 Cr
InventoryRs 51 Cr
Other liabilitiesRs 407 Cr
Shares outstanding (crore)12.49
Ownership
Promoter holding36.90% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodPSLNifty 50Difference
1 week-10.0%-2.8% -7.2 pts
1 month-30.8%-6.8% -24.0 pts
3 months-30.8%-7.6% -23.2 pts
6 months-10.0%+0.4% -10.4 pts
1 year-35.7%-9.9% -25.8 pts
2 years-80.9%-13.6% -67.3 pts
3 years-86.2%+14.2% -100.3 pts
5 years-94.6%+27.9% -122.5 pts

Red flags

F-score 4 of 8
seriousNegative equity Shareholders' equity is negative
lookRepeated 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

Jun 2020
Sales ₹19 Cr -75.9% vs Jun 2019. Net loss ₹48 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2020-12-23 Annual General Meeting
2019-09-12 Annual General Meeting
2018-09-21 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-15 Annual General Meeting
2014-09-18Annual General Meeting
2014-03-11Annual General Meeting
2012-09-20Annual General Meeting And Dividend Rs.2/- Per Share
2012-04-23Interim Dividend Rs. 2/- Per Share
2011-09-15Dividend-Rs.2/- Per Share
2011-02-25Interim Dividend-Rs.2/- Per Share (Purpose Revised)
2010-09-22Annual General Meeting And Final Dividend Rs.1.50 Per Share
2010-05-06Int Div-Rs.2.50 Per Sharepurpose Revised
2009-07-10Agm/Div-Rs.2.50 Per Share
2009-02-05Int Div-Rs.2.50 Per Sharepurpose Revised
2008-08-28Agm/Div-Rs.2.50 Per Share
2008-01-18Int Div-Rs 2.50 Per Share
2007-09-20Agm/Fin Div-Rs2.50 Per Sh
2007-01-22Int Div-Rs.2.50/- Per Sh Purpose Revised
2006-08-23Agm/Div-Rs.2.50/- Per Sh
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 PSL Ltd?

PSL Ltd (PSL) has a market capitalisation of Rs 5.62 Cr. at the 2020-10-12 close.

What were PSL Ltd's latest quarterly results?

In the Jun 2020 quarter, PSL Ltd sales was Rs 19 Cr (-75.9% vs Jun 2019) with a net loss of Rs 48 Cr.

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