Nova Iron & Steel Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2018 • Investment in commodities / Securities: 78.9% • Manufacturing: 13.6% • Others: 7.5%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
CONS
- Company has a high debt-to-equity of 8.12x
- A large part of profit comes from other income (70.1% of PBT)
- Company has a low return on equity of -0.1% over last 3 years
- Company has a low return on capital employed of 2.9%
- Operating cash flow has been negative in recent years
- Interest coverage is weak at 1.3x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1325.00 | 13.07 | 324022.65 | 0.54 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 189.00 | 21.38 | 235937.32 | 2.12 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 197.10 | 19.06 | 81412.65 | 1.19 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2591.20 | 29.60 | 68353.43 | 0.19 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| APLAPOLLO | 2250.00 | 50.83 | 62473.14 | 0.38 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| JSL | 737.70 | 18.72 | 60817.43 | 0.54 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| SHYAMMETL | 1066.05 | 26.49 | 29756.85 | 0.42 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| JINDALSAW | 305.30 | 29.88 | 19524.19 | 0.66 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| RATNAMANI | 2732.25 | 44.24 | 19150.89 | 0.37 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| SARDAEN | 508.95 | 15.87 | 17934.44 | 0.39 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 240.90 | 20.11 | 16218.33 | 0.42 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| NOVAIRNSTL | 11.50 | 18.24 | 41.56 | 0.00 | -11.77 | -149.36 | 109.82 | 12.37 | 63.82 | -1.14 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
No quarterly results found
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Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|
| 16 | 53 | 20 | |
| 15 | 43 | 11 | |
| Operating Profit | 1 | 10 | 8 |
| OPM % | 6.52% | 19.49% | 43.27% |
| 2 | 0 | 2 | |
| Interest | 6 | 7 | 7 |
| Depreciation | 1 | 1 | 1 |
| Profit before Tax | -4 | 3 | 2 |
| Tax % | -6.26% | 4.34% | -0.34% |
| Net Profit | -4 | 3 | 2 |
| EPS | 0.00 | 0.00 | 0.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
COMPOUNDED SALES GROWTH
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COMPOUNDED PROFIT GROWTH
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STOCK PRICE CAGR
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RETURN ON EQUITY
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- 0%
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|
| Equity Capital | 36 | 36 | 36 |
| -12 | -10 | -7 | |
| 199 | 206 | 246 | |
| Trade Payables | 13 | 6 | 4 |
| 78 | 81 | 78 | |
| Total Liabilities | 314 | 319 | 358 |
| 64 | 63 | 62 | |
| Capital Work in Progress | 206 | 237 | 262 |
| 0 | 0 | 1 | |
| 28 | 6 | 4 | |
| 0 | 0 | 0 | |
| Cash & Bank | 0 | 1 | 0 |
| 15 | 12 | 28 | |
| Total Assets | 314 | 319 | 358 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|
| 13 | 33 | -3 | |
| Cash from Investing | -28 | -31 | -32 |
| Cash from Financing | 15 | -2 | 35 |
| 0 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|
| PER SHARE | |||
| EPS (₹) | -1.23 | 0.71 | 0.63 |
| Book Value (₹) | 6.59 | 7.30 | 8.15 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.86 | 1.04 | 0.91 |
| PROFITABILITY | |||
| Operating Margin % | 6.66% | 18.57% | 51.21% |
| Net Margin % | -26.13% | 4.52% | 11.58% |
| ROE % | -18.65% | 10.22% | 8.16% |
| ROCE % | 0.85% | 4.24% | 3.67% |
| -1.41% | 0.81% | 0.67% | |
| EFFICIENCY | |||
| Debtor Days | 0 | 1 | 80 |
| Inventory Days | 607 | 111 | 93 |
| Payable Days | 410 | 91 | 748 |
| 197 | 20 | -575 | |
| FINANCIAL HEALTH | |||
| Debt to Equity (x) | 8.09x | 7.49x | 8.12x |
| Interest Coverage (x) | 0.31x | 1.40x | 1.33x |
| 0.14x | 0.05x | 0.06x | |
| GROWTH | |||
| Revenue Growth % | 0.00% | 241.59% | -63.19% |
| Operating Profit Growth % | 0.00% | 830.17% | -4.42% |
| Net Profit Growth % | 0.00% | 157.74% | -11.25% |
| 0.00% | 0.00% | 0.00% | |
| VALUATION | |||
| P/E (x) | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for NOVAIRNSTL
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Nova Iron & Steel Ltd.
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