Steel Exchange India Ltd
About
Steel Exchange India Limited, or SEIL, is the Vizag Profiles Group’s flagship company that has been engaged in the production of steel products and allied activities since 1999. Its manufacturing facility near Visakhapatnam has a manufacturing capacity of 220,000 metric tonnes of sponge iron units per annum, a 250,000 metric tonne steel melt shop, and a 225,000 metric tonne rolling mill, along with a 60 MW power generation plant. SEIL’s other facility in Kothapeta includes a 90,000 metric tonnes per annum steel melt shop and an 11.84 MW gas-based power generation plant. With a capacity to produce 225,000 tonnes per annum of TMT rebars, SEIL is one of its leading manufacturers in India, selling its rebars under the brand ‘Simhadri TMT.’ SEIL is one of the few steel product manufacturers to supply corrosion-resistant steel (CRS) grade rebars to the Indian Armed Forces.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1099 -23.2% | 1430 28.3% | 1115 -20.5% | 1401 84.0% | 761 -27.1% | 1044 14.3% | 913 -26.8% | 1248 -24.6% | 1655 2.5% | 1614 23.9% | 1303 28.1% | 1018 -44.9% | 1846 52.6% | 1210 70.7% | 709 1.0% | 702 - |
| Net Operating Income (INR Cr) | 1089 -21.55% | 1388 26.14% | 1101 22.50% | 898 15.06% | 781 -23.74% | 1024 11.05% | 922 -27.45% | 1271 -23.95% | 1671 6.76% | 1565 24.68% | 1255 27.91% | 982 -42.34% | 1702 47.05% | 1157 66.07% | 697 1.92% | 684 12.33% |
| Profit (INR Cr) | 11 - | -59 - | 116 -16.8% | 140 117.7% | 64 - | -37 - | -170 - | -157 - | 7 -74.0% | 28 -20.6% | 36 -32.8% | 53 98.3% | 27 58.1% | 17 242.7% | 5 3.6% | 5 - |
| Assets (INR Cr) | 1066 21.3% | 879 -7.7% | 951 25.1% | 761 -36.1% | 1190 5.1% | 1132 -6.9% | 1216 -6.4% | 1300 18.9% | 1093 -4.0% | 1139 52.1% | 749 6.0% | 706 8.3% | 653 21.0% | 539 47.2% | 366 31.7% | 278 - |
| Net Worth (INR Cr) | 453 46.7% | 309 9.2% | 283 247.6% | 81 -207.3% | -76 -45.8% | -140 35.6% | -103 -254.4% | 67 -74.4% | 262 -4.1% | 273 26.6% | 215 20.0% | 180 42.2% | 126 -36.6% | 199 52.1% | 131 13.0% | 116 71.6% |
| Employee Cost (INR Cr) | 35 9.3% | 32 7.9% | 30 15.8% | 26 -2.0% | 26 2.8% | 26 6.5% | 24 2.2% | 24 0.1% | 24 3.5% | 23 31.8% | 17 30.2% | 13 -22.5% | 17 63.2% | 11 65.8% | 6 33.2% | 5 - |
| Interest Cost (INR Cr) | 78 | 106 | 88 | 26 | 3 | 10 | 136 | 157 | 123 | 128 | 80 | 63 | 108 | 48 | 32 | 25 |
| Cash & Bank Balance (INR Cr) | 20 | 19 | 15 | 5 | 26 | 4 | 8 | 16 | 89 | 73 | 48 | 37 | 49 | 27 | 27 | 18 |
| Total Debt (INR Cr) | 401 | 359 | 458 | 438 | 1014 | 1021 | 1069 | 982 | 673 | 713 | 399 | 421 | 424 | 340 | 235 | 162 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 1.0% | - | 10.5% | 10.0% | 8.4% | - | - | - | 0.5% | 1.8% | 2.8% | 5.2% | 1.5% | 1.4% | 0.7% | 0.7% |
| Profit As % Of Assets | 1.0% | - | 12.2% | 18.4% | 5.4% | - | - | - | 0.7% | 2.5% | 4.8% | 7.5% | 4.1% | 3.2% | 1.4% | 1.7% |
| Profit As % Of Networth | 2.4% | - | 41.2% | 172.0% | - | - | - | - | 2.8% | 10.4% | 16.6% | 29.7% | 21.3% | 8.5% | 3.8% | 4.1% |
| Interest Cost to EBITDA % | 80.8% | 109.3% | 83.1% | - | 5.9% | 58.4% | - | 757.7% | 80.7% | 72.9% | 63.2% | 65.9% | 72.6% | 58.4% | 115.9% | 120.8% |
| Debt to Equity Ratio | 0.88 | 1.16 | 1.62 | 5.38 | - | - | - | 14.69 | 2.57 | 2.62 | 1.85 | 2.35 | 3.35 | 1.71 | 1.80 | 1.40 |
| RONW | 2.1% | - | 21.0% | 17.2% | - | - | - | - | 1.7% | 6.8% | 9.2% | 18.2% | 7.3% | 10.3% | 3.4% | 5.2% |
| ROCE | 8.7% | 0.0% | 9.3% | 8.7% | 4.6% | 0.0% | 0.0% | 0.0% | 11.5% | 16.0% | 14.6% | 16.9% | 17.2% | 16.7% | 12.9% | 15.6% |