Evonith Value Steels Ltd
About
Evonith Steel is the metals and mining venture of Nithia Capital, serving as an umbrella brand for its expanding operations in India. The company specializes in high-quality flat steel production, with facilities located at the Wardha Steel Complex in Maharashtra. The complex comprises Evonith Metallics Limited (EML), formerly Uttam Galva Metallics Limited, and Evonith Value Steel Limited (EVSL), formerly Uttam Value Steels Limited.With an annual crude steel production capacity of 1 Million Tons Per Annum(MTPA), Evonith Steel supplies MSMEs, OEMs, railways, and government organizations with cost-effective steel and mining products. The company aims to expand production to 2.5 MTPA by 2025, reinforcing its position as a key player in India’s steel industry. Evonith Steel is also focused on sustainable steel production, utilizing an Electric Arc Furnace and ferrous scrap recycling to reduce its carbon footprint while maintaining high industry standards.
Featured In Fortune India Ranking
Financial Data 2023
Financial Data
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3725 -24.2% | 4913 -12.9% | 5644 164.5% | 2134 -14.9% | 2508 0.5% | 2496 -30.9% | 3614 5.7% | 3418 -30.4% | 4909 -27.2% | 6743 3.5% | 6517 61.4% | 4039 -4.2% | 4215 45.0% | 2907 7.9% | 2696 - |
| Net Operating Income (INR Cr) | 3749 -21.69% | 4787 108.29% | 2298 15.56% | 1989 -19.39% | 2467 -6.41% | 2636 -24.93% | 3512 -6.18% | 3743 -17.91% | 4560 0.00% | 6664 4.75% | 6362 64.84% | 3859 -5.73% | 4094 41.23% | 2899 11.25% | 2606 18.18% |
| Profit (INR Cr) | -168 - | 288 -91.5% | 3379 - | -369 - | -630 - | -467 - | -511 - | -522 - | -34 - | -99 - | 1 - | -73 - | -140 - | -78 - | -165 - |
| Assets (INR Cr) | 2642 -1.8% | 2689 18.4% | 2271 16.9% | 1942 37.9% | 1408 -32.9% | 2097 -35.0% | 3224 20.0% | 2687 47.8% | 1818 4.3% | 1743 87.1% | 931 56.9% | 594 25.7% | 472 -6.6% | 505 -32.1% | 744 - |
| Net Worth (INR Cr) | 1414 -10.6% | 1581 22.5% | 1291 160.6% | -2132 -21.0% | -1763 -55.6% | -1133 -70.2% | -666 -330.1% | -155 -142.2% | 367 0.0% | 230 -49.3% | 453 -393.6% | -154 -71.1% | -535 2.2% | -524 -20.4% | -658 1.9% |
| Employee Cost (INR Cr) | 89 13.6% | 78 9.4% | 72 4.5% | 69 2.3% | 67 -5.8% | 71 3.4% | 69 -6.4% | 74 -5.7% | 78 -6.8% | 84 13.4% | 74 45.6% | 51 -24.9% | 67 70.8% | 40 -2.9% | 41 - |
| Interest Cost (INR Cr) | 132 | 125 | 30 | 4 | 66 | 239 | 259 | 257 | 248 | 254 | 182 | 109 | 98 | 58 | 63 |
| Cash & Bank Balance (INR Cr) | 98 | 175 | 115 | 64 | 13 | 8 | 60 | 71 | 91 | 102 | 59 | 50 | 49 | 30 | 36 |
| Total Debt (INR Cr) | 782 | 723 | 727 | 2040 | 1397 | 1423 | 1852 | 1368 | 1415 | 1478 | 445 | 492 | 752 | 793 | 1166 |
Key Financial Ratios
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | 5.9% | 59.9% | - | - | - | - | - | - | - | 0.0% | - | - | - | - |
| Profit As % Of Assets | - | 10.7% | 148.8% | - | - | - | - | - | - | - | 0.1% | - | - | - | - |
| Profit As % Of Networth | - | 18.2% | 261.7% | - | - | - | - | - | - | - | 0.2% | - | - | - | - |
| Interest Cost to EBITDA % | 824.6% | 19.3% | 117.4% | - | - | - | - | - | 91.6% | 98.7% | 68.4% | 177.5% | 152.2% | 70.3% | - |
| Debt to Equity Ratio | 0.55 | 0.46 | 0.56 | - | - | - | - | - | 3.86 | 6.43 | 0.98 | - | - | - | - |
| RONW | - | 24.1% | -9.1% | - | - | - | - | - | - | - | -0.5% | - | - | - | - |
| ROCE | -3.6% | 25.7% | -2.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 10.9% | 0.0% | 0.0% | 0.0% | 0.0% |