ELECTROSTEEL STEEL LTD (ESL STEEL LTD) | LATEST SHARE PRICE & UPDATES
Company Overview
Electrosteel Steel Limited (ESL Steel Ltd) was incorporated in year 1955 at Kolkata. ESL Steel Ltd is engaged in the manufacture and supply of Billets, TMT Bars, Wire Rods and Ductile Iron(DI) Pipes and also deals in Pig Iron and Iron and Steel Scrap products generated while manufacturing these products. It also produces Metallurgical Coke, Sinter and Power for captive consumption. The Company caters to the needs of construction, automobile, industrial machinery and equipment and water Infrastructure development.
Electrosteel Steels Ltd has set up 2.51 Million Ton Per Annum (MTPA) Greenfield Integrated Steel Plant near Siyaljori village, in the Bokaro district of Jharkhand.
The Company’s shares were listed on the National Stock Exchange of India Limited and BSE Limited till October 29, 2018. Currently, the company is a subsidiary of Vedanta Star Limited which is a wholly owned subsidiary of Vedanta Limited.
| Symbol | Electrosteel Steels Ltd. |
|---|---|
| Face Value (₹): | 10 |
| ISIN: | INE481K01021 |
| Demat Status: | NSDL & CDSL |
| Lot Size: | 30 Shares |
Board of Directors
| Name | Designation | Profile |
|---|---|---|
| Mr. Prasun Kumar Mukherjee | Independent Director |  |
| Mr. Mahendra Singh Mehta | Independent Director | |
| Ms. Poovannan Sumathi | Director | |
| Mr. Navnath Laxman Vhatte | Whole Time Director | |
Key Highlights
- Part of Anand Rathi Group one of the India’s Leading Financial Service provider with rich experience of 25 years in wealth creation.
- Total Assets Under Management has grown by 44% to Rs. 26000 Crs + in FY21.
- Anand Rathi Wealth Management Limited have 250+ financial strategist and 5500 active clients.
- Return of ~13% delivered on portfolios.
- It is likely to come up with IPO , considering favorable market condition.
Ratio
| Ratio | FY22 | FY21 |
|---|---|---|
| Operating Margin | 5% | 7% |
| Net Profit Margin | -1% | 56% |
| Return on Equity | -2% | 44% |
| Debt-Equity | 0.43 | 0.50 |
| Current Ratio | 1.00 | 1.46 |
| Dividend Payout | 0% | 0% |
Financial Highlights
| Particulars | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 |
|---|---|---|---|---|---|
| Total Income (₹ Crores) | 6800 | 4899 | 4481 | 5007 | 3744 |
| PAT (₹ Crores) | -95 | 2732 | -22 | 1187 | 6139 |
| Diluted EPS | -0.51 | 14.78 | -0.12 | 5.37 | -25.48 |
| Book Value per Share (₹) | 33.14 | 33.66 | 18.89 | 18.47 | -27.84 |
| Equity (₹ Crores) | 6128 | 6224 | 3493 | 3623 | -6708 |
Peer Comparison
| Company | Market Cap (₹ Crores) | Profitability Margin (%) | ROCE (%) | ROE (%) | D/E Ratio | P/E Ratio | P/B Ratio | Book Value per Share (₹) |
|---|---|---|---|---|---|---|---|---|
| ESL STEEL LTD | 8506 | -1% | 4% | -2% | 0.43 | -90.20 | 1.39 | 33.14 |
| BEEKAY STEEL INDUSTRIES LTD | 799 | 12% | 25% | 22% | 0.39 | 4.99 | 1.12 | 370.36 |
| RUDRA GLOBAL INFRA PRODUCTS LTD | 246 | 2% | 18% | 11% | 1.69 | 0.00 | 1.04 | 31.19 |
Media Updates
“NCL Gives approval to Vedanta VSL merger with Electrosteel Steel Ltd”
Vedanta Ltd. on 4th Feb, 2020 said the National Company Law Tribunal, Kolkata Bench, has approved the scheme of amalgamation of its arm Vedanta Star Ltd. with Electrosteel Steels Ltd.
Post the amalgamation becoming effective, Vedanta will directly hold 95.48% in ESL. Vedanta had acquired ESL, after its resolution plan was approved by National Company Law Tribunal, Kolkata bench, through its wholly-owned subsidiary VSL, the company said in a regulatory filing to the BSE.
The acquisition of ESL fits into Vedanta’s strategy of forward integration; complementing the existing iron ore set-up as well as mines in
Jharkhand. The business has seen a complete turnaround since its takeover with the combination of right people, higher volumes and better cost
control leading to a visible positive change. This positions ESL to become a significant player in the Indian Steel Sector.
