DRHP Status : Not Filed
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P&L Statement | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|
Revenue | 4771 | 6596 | 7977 | 8508 |
Cost of Material Consumed | 2683 | 4592 | 5022 | 4386 |
Gross Margins | 43.76 | 30.38 | 37.04 | 48.45 |
Change in Inventory | 130 | -250 | -405 | 148 |
Employee Benefit Expenses | 154 | 161 | 213 | 226 |
Other Expenses | 954 | 1530 | 2873 | 3587 |
EBITDA | 850 | 563 | 274 | 161 |
OPM | 17.82 | 8.54 | 3.43 | 1.89 |
Other Income | 128 | 204 | 75 | 85 |
Finance Cost | 376 | 338 | 376 | 432 |
D&A | 346 | 345 | 444 | 463 |
EBIT | 504 | 218 | -170 | -302 |
EBIT Margins | 10.56 | 3.31 | -2.13 | -3.55 |
PBT | -22 | 24 | -471 | -649 |
PBT Margins | -0.46 | 0.36 | -5.9 | -7.63 |
Tax | -2754 | 118 | 87 | 318 |
PAT | 2732 | -94 | -558 | -967 |
NPM | 57.26 | -1.43 | -7 | -11.37 |
EPS | 14.78 | -0.51 | -3.02 | -5.23 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|
Operating Profit Margin | 17.82 | 8.54 | 3.43 | 1.89 |
Net Profit Margin | 57.26 | -1.43 | -7 | -11.37 |
Earning Per Share (Diluted) | 14.78 | -0.51 | -3.02 | -5.23 |
Assets | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|
Fixed Assets | 4763 | 4567 | 4954 | 4859 |
CWIP | 835 | 806 | 1299 | 1700 |
Investments | 409 | 180 | 20 | 20 |
Trade Receivables | 103 | 80 | 249 | 111 |
Inventory | 635 | 1179 | 1394 | 1063 |
Other Assets | 4585 | 4338 | 3330 | 3055 |
Total Assets | 11330 | 11150 | 11246 | 10808 |
Liabilities | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|
Share Capital | 1849 | 1849 | 1849 | 1849.03 |
FV | 10 | 10 | 10 | 10 |
Reserves | 4375 | 4278 | 3718 | 2750 |
Borrowings | 2862 | 2862 | 2406 | 2293 |
Trade Payables | 651 | 469 | 674 | 652 |
Other Liabilities | 1593 | 1692 | 10572 | 3263.97 |
Total Liabilities | 11330 | 11150 | 19219 | 10808 |
Name | Holding |
---|---|
Vedanta Limited | 95.49% |
Others | 4.51% |
Coming soon...
ESL is an integrated steel producer with a greenfield manufacturing facility in Bokaro, Jharkhand, India, which is currently commissioned at a capacity of 1.5 MT per annum. The facility primarily consists of sinter plants, coke oven, blast furnaces, oxygen plant, basic oxygen furnaces, billet caster, wire rod mill, bar mill, ductile iron pipes plant and a power plant.
The company's product range includes pig iron, billets, TMT bars, wire rods and ductile iron pipes. It recently introduced its rebranded product range in the market under three new brands, V-DUCPIPE for DI pipes, V-XEGA for TMT bars and V-WIRRO for wire rods.
ESL has established excellence in every stage of production by bringing international expertise and solutions from reputed manufacturers. The company is expanding horizons and pushing boundaries, both in its existing and future endeavours, while providing continuous growth, profit and prosperity to all its stakeholders.
Click here to visit the official website of Electrosteel Steel Ltd.
Support from Vedanta: ESL Steel benefits from strong backing by its parent company, Vedanta Limited. This support includes corporate guarantees for long-term loans and letters of comfort for working capital facilities, enhancing ESL's financial stability.
Capacity Utilization and Expansion: The company has achieved a notable capacity utilization rate of 79.1% and plans to double its capacity to 3 million tonnes per annum, indicating a commitment to growth and increased market presence.
Employee Satisfaction: With an overall rating of 4.0 out of 5 based on over 600 employee reviews, ESL Steel is recognized for providing a positive work environment, which can contribute to operational efficiency and employee retention.
Weaknesses:
Market Sensitivity: The demand for ESL Steel's products is closely tied to the construction and infrastructure sectors, making the company susceptible to economic cycles and fluctuations in steel prices. This dependency can lead to variability in revenue and profitability. CRISIL
Valuation Concerns: Current valuation ratios suggest that ESL Steel may be somewhat overvalued compared to its past performance, indicating potential caution for investors. MoneyWorks4Me
Environmental Challenges: Operating in the steel industry involves inherent environmental challenges, such as managing emissions and waste, which require continuous attention and resources to address.