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Nova Iron & Steel share price

Nova Iron & Steel Ltd.

NSE: NOVAIRNSTL BSE: 513566 SECTOR: Steel & Iron Products  11k   12   1

29.20
+1.26 (4.51%)
BSE: 29 Feb 04:01 PM

Price Summary

Today's High

₹ 29.3

Today's Low

₹ 26.6

52 Week High

₹ 39.69

52 Week Low

₹ 7.91

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

105.53 Cr.

Enterprise Value

435.28 Cr.

No. of Shares

3.61 Cr.

P/E

8.89

P/B

0

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  -14.52

CASH

0.95 Cr.

DEBT

330.71 Cr.

Promoter Holding

44.16 %

EPS (TTM)

₹  3.28

Sales Growth

15.31%

ROE

0 %

ROCE

7.38%

Profit Growth

87.87 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year15.31%
3 Year137.35%
5 Year104.32%

Profit Growth

1 Year85.98%
3 Year25.14%
5 Year-198.12%

ROE%

1 Year0%
3 Year0%
5 Year-258.73%

ROCE %

1 Year7.38%
3 Year4.8%
5 Year0.51%

Debt/Equity

-6.2776

Price to Cash Flow

5.78

Interest Cover Ratio

1.19691030399741

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 44.16 0
Sep 2023 69.81 0
Jun 2023 69.81 0
Mar 2023 69.81 0
Dec 2022 69.81 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 25.257118030432% for the Past 3 years.
  • The company has shown a good revenue growth of 137.350083352534% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of -14.2401680188916 days.

 Limitations

  • Company has a poor ROE of 0% over the past 3 years.
  • Company has a poor ROCE of 4.80258643495071% over the past 3 years
  • The company has a low EBITDA margin of -31.0174994908338% over the past 5 years.
  • The company has negative book value.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 166.2 186.14 182.41 121.84 113.11
Total Expenditure 177.06 160.3 177.36 122.96 107.26
Operating Profit -10.86 25.84 5.05 -1.13 5.85
Other Income 1.04 3.02 2.01 0.96 4.17
Interest 1.46 12.57 2.71 3.47 3.39
Depreciation 2.48 2.48 2.53 2.58 2.63
Exceptional Items 0 0 0 0 0
Profit Before Tax -13.77 13.82 1.82 -6.21 4.01
Tax 1.01 2.17 0 -0.6 0
Profit After Tax -14.78 11.65 1.82 -5.61 4.01
Adjusted EPS (Rs) -4.09 3.22 0.5 -1.55 1.11

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 3.61 52.21 344.81 605.4 698.09
Total Expenditure 6.96 89.14 337.03 589.68 672.48
Operating Profit -3.35 -36.93 7.78 15.72 25.61
Other Income 1.66 3.03 6.69 8.43 5
Interest 0.37 0.2 0.59 24.96 17.3
Depreciation 0.91 7.33 8.71 9.93 9.91
Exceptional Items 3.64 0 0 0 0
Profit Before Tax 0.67 -41.42 5.18 -10.74 3.41
Tax 0.05 10.11 17.09 4.04 5.2
Net Profit 0.62 -51.54 -11.91 -14.78 -2.07
Adjusted EPS (Rs.) 0.17 -14.26 -3.3 -4.09 -0.5

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 36.14 36.14 36.14 36.14 36.14
Total Reserves -5.98 -58.34 -69.23 -84.71 -88.82
Borrowings 0 0 0 162.29 312.71
Other N/C liabilities 3.43 16.72 34.52 39.51 39.14
Current liabilities 431.76 424.69 486.79 384.69 199.75
Total Liabilities 465.35 419.21 488.22 537.92 498.92
Assets
Net Block 61.07 380.22 371.92 360.92 361
Capital WIP 315.41 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 1.44 1.44 3.16 3.16 2.74
Loans & Advances 9.01 2.29 2.21 4.03 12.44
Other N/C Assets 0.4 0.43 0.29 0 0.53
Current Assets 78.01 34.83 110.64 169.8 122.21
Total Assets 465.35 419.21 488.22 537.92 498.92
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 0.67 -41.42 5.14 -10.74 3.41
Adjustment 1.31 7.11 8.22 33.84 25.07
Changes in Assets & Liabilities -50.27 43.65 5.15 -19.48 -10.33
Tax Paid 0 -0.15 -0.47 -0.2 0.1
Operating Cash Flow -48.3 9.19 18.04 3.42 18.25
Investing Cash Flow -50.08 -3.82 -0.4 0.65 -1.32
Financing Cash Flow 98.58 -5.67 -16.81 -3.9 -17.04
Net Cash Flow 0.21 -0.29 0.83 0.17 -0.12

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 69.81 69.81 69.81 69.81 44.16
aarti iron & power limit... 0.26 0.26 0.26 0.26 0.26
ambey steel and power pr... - - - 2.66 2.66
aniket singal 12.02 12.02 12.02 12.02 12.02
aromatic steel private li... 9.46 9.46 9.46 9.46 9.46
olympian steel industries... 0.26 0.26 0.26 0.26 0.26
priyanka ankit miglani 0.01 0.01 - 0.01 0.01
radhika saurabh dhoot 0.01 0.01 0.01 0.01 0.01
rgf holiday resorts pvt l... 9.22 9.22 9.22 9.22 9.22
rgf real estates private ... 9.22 9.22 9.22 9.22 9.22
rockland steel trading (p... - - - 0.26 0.26
shivalikview steel tradin... 0.26 0.26 0.26 0.26 0.26
titanic steel industries ... 0.26 0.26 0.26 0.26 0.26
vintage steel private lim... 0.26 0.26 0.26 0.26 0.26
*bhushan power and steel ... - - - 25.65 -
bhushan power and steel l... - - 25.65 - -
m/s ambey steel and power... - - 2.66 - -
priyanka ankit amiglani - - 0.01 - -
rockland steel trading (p... 0.26 0.26 0.26 - -
*bhushan power & steel lt... 25.65 25.65 - - -
ambey steel and power pvt... 2.66 2.66 - - -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 30.19 30.19 30.19 30.19 55.84
bhushan power and steel l... - - - - 25.65
shrim investment solution... 5.06 5.06 5.06 4.98 4.70

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Nova Iron & Steel - Quaterly Results14 Feb 2024, 1:28PM Nova Iron & Steel - Quaterly Results14 Feb 2024, 1:28PM Nova Iron & Steel informs about confirmation certificate12 Jan 2024, 5:05PM Nova Iron and Steel informs about outcome of board meeting1 Dec 2023, 5:28PM Nova Iron & Steel - Quaterly Results1 Dec 2023, 5:09PM Nova Iron & Steel - Quaterly Results1 Dec 2023, 5:09PM Nova Iron & Steel - Quaterly Results1 Dec 2023, 5:09PM Nova Iron & Steel informs about disclosure19 Oct 2023, 5:26PM Nova Iron and Steel informs about annual report and AGM 25 Aug 2023, 2:50PM Nova Iron & Steel - Quaterly Results14 Aug 2023, 3:38PM Nova Iron and Steel informs about secretarial compliance report 22 May 2023, 2:15PM Nova Iron & Steel - Quaterly Results7 Feb 2023, 5:27PM Nova Iron & Steel - Quaterly Results7 Feb 2023, 5:27PM Nova Iron & Steel - Quaterly Results7 Feb 2023, 5:27PM Nova Iron and Steel informs about voting results of AGM 1 Dec 2022, 4:32PM Nova Iron & Steel informs about compliances-certificate 15 Oct 2022, 2:33PM Nova Iron & Steel - Quaterly Results29 Aug 2022, 12:00PM Nova Iron & Steel - Quaterly Results29 Aug 2022, 12:00PM Nova Iron & Steel - Quaterly Results29 Aug 2022, 12:00PM Nova Iron & Steel settles dispute for repayment of outstanding loan28 Jun 2022, 2:50PM Nova Iron & Steel informs about resignation of internal auditor of company16 Jun 2022, 2:21PM Nova Iron & Steel informs about newspaper publication4 Dec 2021, 3:01PM Nova lron & Steel informs about outcome of board meeting3 Dec 2021, 1:08PM Nova Iron & Steel informs about extension of time for holding AGM5 Oct 2021, 2:16PM Nova Iron & Steel informs about 28th AGM18 Nov 2020, 11:39AM Nova Iron & Steel informs about re-appointment of director28 May 2020, 3:01PM Nova Iron & Steel informs about PCS certificate22 May 2020, 12:14PM

Nova Iron & Steel Stock Price Analysis and Quick Research Report. Is Nova Iron & Steel an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Nova Iron & Steel has a PE ratio of 8.89322044222452 which is low and comparatively undervalued .

  • Share Price: - The current share price of Nova Iron & Steel is Rs 29.2. One can use valuation calculators of ticker to know if Nova Iron & Steel share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Nova Iron & Steel has ROA of -0.345937863124806 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Nova Iron & Steel has a Current ratio of 0.611821088661169 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Nova Iron & Steel has a ROE of 0 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Nova Iron & Steel has a D/E ratio of -6.2776 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Nova Iron & Steel has an Inventory turnover ratio of 7.0578924247625 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Nova Iron & Steel has reported revenue growth of 15.309840857153 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Nova Iron & Steel for the current financial year is 3.66860663999178 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Nova Iron & Steel is Rs 0 and the yield is 0 %.

Last Updated on:
Brief about Nova Iron & Steel
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