Scrip Watch

Steel Exchange India Ltd

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

Steel Exchange India Ltd

Steel Exchange India Ltd
Iron & Steel/ Interm.Products
FV – Rs 10; 52wks H/L –263.5/45.1 ; TTQ – 3500 ; CMP – Rs 220 (As On February 15th, 2022) ;                    

                Market Cap – Rs 1973 Crs

Consolidated Financials and Valuations for FY21 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
 Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
80.39 302 508 898 140 38 12.6 12 5.7 49.78

 

Consolidated Financials and Valuations for H1 FY22


Equity Capital

Net worth
 

Debt


Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
80.08 294 508 470 -8 37 -1

5.9

49.72

 

The company has successfully paid Rs.510.17 Crores and settled the dues of all the Lenders on 29.01.2021 that was almost 7 Months before the due date 31.08.2021 of OTS (One Time Settlement) by raising listed NCDs under private placement amounting to Rs.382.80 crores which was subscribed to by group of Investors led by M/s Edelweiss and the remaining Rs.17.20 Crores by way of equity share subscription for 44,04,059 equity shares on 01.02.2021 at a price of Rs.39 per share which includes share premium of Rs.29 per share by group of Investors led by M/s Edelweiss.

The Company approved allotment of over Rs. 2.3 crs Compulsory Convertible Debentures and 5822150 Convertible Warrants at Rs.72.5 each.

Overview:

  • Steel Exchange India Ltd has been established in the field of iron and steel manufacturing and is the AP’s largest private integrated steel plant. The company aims to grow as a quality steel product hub, increasing the customer base and clientele organizations.
  • The Company was incorporated in Februarary 1999 as Pyxis Technology Solutions Ltd.
  • The company promoted by team of technocrats, friends and relatives.
  • In December 1999 the Steel Exchange India Ltd was incorporated as 100 percent subsidiary of Pyxis Technologies.

Management:

  • B. Satish Kumar – CMD
  • B. Ramesh Kumar – CFO

Share Price Trend:

Share Price Snapshot:

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2015 57 65.6 28.6 44.75
2016 44.9 94.95 26.2 88.9
2017 88 133.45 32.25 42.15
2018 42.1 50.65 13.6 15.4
2019 15 25.25 9.06 25.25
2020 26.5 47.05 11.61 46.3
2021 47.8 185 45.1 173.3
2022 174.45 263.5 174.45 207.9

 

Segment Results:

Excerpts from Gaurav’s Blog

Losers Focus on Winners – Winners Focus on Winning Workshop Conceptualised & Conducted by GAURAV A PARIKH Stock Markets ~ Minting Millions ~ TOP 10 Winning Moves Grabbing Short Term Too While Compounding Long Term Post Pandemic lock-down, this is the First Fundamental Direct Equity ‘Value Vs Price’ Workshop in over Two and a Half Years by Gaurav Parikh and Jeena Scriptech. Register The post Mumbai Equity Workshop ~ Saturday April 30 2022 ~ Almost Full ~ Top 10 Winning Moves first appeared on Gaurav's Blog. [...]

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when The post RIP S T Gerela ex GM BSE ~ gave me the best compliment till date first appeared on Gaurav's Blog. [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would The post Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! first appeared on Gaurav's Blog. [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t The post Riskless Reliance Industries Rights Investment Strategy first appeared on Gaurav's Blog. [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , The post Covid-19 Crisis-Your Well Being is more important than Stock Market Well Being first appeared on Gaurav's Blog. [...]