Evonith Value Steels Ltd

Fortune 500 2018
+ 8 More
+ 8 More
OVERVIEW
FINANCIALS

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.

Incorporation Year: 1970
Headquarters: Mumbai, Maharashtra
Top Management: Chairman - Jai Saraf
Industry: Capital Goods
Website: evonith.com

Featured In Fortune India Ranking

Fortune 500 India
#435(2018)
#311(2017)
#294(2016)
#219(2015)
#179(2014)
#172(2013)
#189(2012)
#235(2011)
#229(2010)
#435(2018)#311(2017)#294(2016)#219(2015)#179(2014)#172(2013)#189(2012)#235(2011)#229(2010)
Ranking Trend Fortune 500 India

Financial Data 2023

Revenue
3,725
(INR Cr)
Net Operating Income
3,749
(INR Cr)
Assets
2,642
(INR Cr)
Profit
-168
(INR Cr)
Net Worth
1,414
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS202320222021202020192018201720162015201420132012201120102009
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)
13212530466239259257248254182109985863
Cash & Bank Balance
(INR Cr)
98175115641386071911025950493036
Total Debt
(INR Cr)
78272372720401397142318521368141514784454927527931166

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS202320222021202020192018201720162015201420132012201120102009
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 0.550.460.56-----3.866.430.98----
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%