Scrip Watch

Sathavahana Ispat Ltd

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Sathavahana Ispat Ltd

Sathavahana Ispat Ltd
Iron & Steel/ Interm.Products

FV – Rs 10; 52wks H/L –
10.45/1.3; TTQ – 25 K; CMP (January 6, 2020) – Rs 2.8;

Market Cap – Rs 14.35 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

 Particulars Equity Capital Net worth Debt Total
Sales
PAT BV
(Rs)
EPS (Rs) P/E Industry
P/E
P/BV Promoter’s
Stake
FY19 50.9 -375 816 507 -228 -45 9.15 36.63
H1 FY20 50.9 -537 828 184 -162 -32 9.15 36.63

 

Sathavahana Ispat has entered into an Operation, Maintenance and Management Agreement with Jindal Saw. Under the agreement, Jindal Saw has agreed to operate, maintain and manage the manufacturing facilities of Sathavahana Ispat for a period of 3 years which may be extended for a maximum period of 10 years subject to certain conditions as provided in the Agreement. (https://www.business-standard.com/article/news-cm/sathavahana-ispat-signs-agreement-with-jindal-saw-119080200901_1.html)

Overview:

SIL is primarily engaged in the manufacture and sale of

  1. Pig Iron with a rated capacity of 210,000 tpa
  2. Metallurgical Coke with a rated capacity of 450,000 tpa and
  3. Co-generation cum thermal power of 50 MW.
  4. Ductile Iron Pipe 210,000tpa

As a backward integration, SIL has set up a 2,98,800 tonns per annum sinter plant and 30Mw captive thermal power plant and as a forward integration has setup a 210000 tonns per annum Ductile Iron making plant.

SIL at present is having two manufacturing units in India at the following locations:

  1. Pig Iron manufacture with captive Co-generation Power:Haresamudram Village, Bommanahal Mandal,
    Anantapur District, Andhra Pradesh, India.
  2. Metallurgical Coke and Co-generation Power:

Kudithini village, Korugodu Road,
Bellary District, Karnataka, India.

Management:

  • A. Naresh Kumar – MD
  • K Thanu Pillai – Chairman
  •  VSRK Hanuman – CFO

 

The Equity Capital is @ Rs 50.9 Crs consisting of 50900000 equity Shares of FV Rs 10 currently held as under

Major Non – Promoter Holdings:

Non – Promoters No. of shares held % of shares held
PLUTUS TERRA INDIA FUND 4954600 9.73
Heshika Growth Fund 4272811 8.39

 

Production & Sales: (FY19)

The performance during the year was impacted adversely due to factors beyond the control of the Company. The performance suffered due to working capital constraints and the consequent financial stress which resulted in underutilization of capacities and plant shut downs.

 

 

 

Quarterly Segmented Results:

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareho

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Mark

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Cl