Chaman Metallics Ltd.

•

₹ 109.952.76%

2026-08-21

cmlgrgroup.comBSE: -NSE: CMNL

Market Cap₹ 258 Cr.

Current Price₹ 107

High / Low₹ 184 / 90

Stock P/E0.0

Book Value₹ 39

Price to Book3.88

Dividend Yield0.00 %

ROCE4.4 %

ROE10.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 21.5% CAGR over last 5 years
Company has delivered good sales growth of 24.3% CAGR over last 5 years
Company comfortably covers its interest (9.2x coverage)

CONS

Company has a high debt-to-equity of 3.60x
Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.49x)
Equity base is being diluted - shares outstanding up 205.7%
Total debt has risen sharply - up 176.5% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Metals & MiningIron & SteelSteel/Sponge Iron/Pig Iron

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	JINDALSTEL	1113.00	41.77	113535.81	0.18	843.80	-43.60	15482.13	25.93	8.92	17.18
2.	LLOYDSME	1921.30	22.69	108151.31	0.05	1733.89	170.25	7354.40	209.39	27.59	38.26
3.	JAIBALAJI	66.44	20.69	6061.00	0.00	26.48	-82.71	1353.35	-13.06	36.09	5.31
4.	RSL	164.85	0.00	1377.61	0.30	20.20	144.24	306.54	23.65	31.72	9.37
5.	STEELXIND	10.60	348.29	1352.05	0.00	150.26	—	2697.14	—	11.97	12.70
6.	SALSTEEL	79.42	0.00	1149.74	0.00	30.90	419.21	873.70	584.99	4.89	15.51
7.	VRAJ	121.10	11.12	399.42	0.00	11.51	51.65	193.83	40.14	18.45	11.17
8.	CMNL	106.90	0.00	258.00	0.00	—	—	—	—	4.39	—
9.	VASWANI	49.09	0.00	160.84	0.00	2.52	—	91.74	—	9.77	5.72

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	58	141	185	228	189	172
	58	130	170	202	171	157
Operating Profit	0	11	16	27	20	17
OPM %	1	8	9	12	11	10
Other Income	0	0	1	1	2	2
Interest	1	2	2	2	2	2
Depreciation	1	2	2	2	2	2
	-2	7	12	23	16	13
Tax %	304	25	33	27	23	26
Net Profit	4	5	8	17	13	10
EPS	2	3	5	9	5	4
Dividend Payout %	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	2	3	5	7	5	4
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	2	3	5	7	5	4

Mar 2020

: 58
: 58
Operating Profit: 0
OPM %: 1
Other Income: 0
Interest: 1
Depreciation: 1
: -2
Tax %: 304
Net Profit: 4
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2021

: 141
: 130
Operating Profit: 11
OPM %: 8
Other Income: 0
Interest: 2
Depreciation: 2
: 7
Tax %: 25
Net Profit: 5
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2022

: 185
: 170
Operating Profit: 16
OPM %: 9
Other Income: 1
Interest: 2
Depreciation: 2
: 12
Tax %: 33
Net Profit: 8
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2023

: 228
: 202
Operating Profit: 27
OPM %: 12
Other Income: 1
Interest: 2
Depreciation: 2
: 23
Tax %: 27
Net Profit: 17
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2024

: 189
: 171
Operating Profit: 20
OPM %: 11
Other Income: 2
Interest: 2
Depreciation: 2
: 16
Tax %: 23
Net Profit: 13
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2025

: 172
: 157
Operating Profit: 17
OPM %: 10
Other Income: 2
Interest: 2
Depreciation: 2
: 13
Tax %: 26
Net Profit: 10
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 24%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 21%
3 Years:: 6%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 20%
1 Year:: -31%

RETURN ON EQUITY

10 Years:: —
5 Years:: 20%
3 Years:: 18%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-
Equity Capital	8	8	8	24	24	24
	16	21	30	53	66	75
	5	8	10	4	11	64
Trade Payables	9	12	5	11	14	20
	15	10	20	25	127	318
Total Liabilities	52	59	74	116	242	501
ASSETS	-	-	-	-	-	-
	26	26	27	27	26	25
Capital Work in Progress	2	2	2	5	120	338
	0	0	1	2	2	2
	16	16	18	15	13	36
	0	0	0	0	2	1
Cash & Bank	2	2	0	24	0	0
	5	13	25	43	77	98
Total Assets	52	59	74	116	242	501
Total Debt	20	14	25	22	130	358
Net Working Capital	7	5	19	51	15	12
Contingent Liabilities	2	2	2	2	2	2
Book Value per Share	29.77	36.40	48.23	31.85	37.14	41.19
Face Value	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	20	14	25	22	130	358
Net Working Capital	7	5	19	51	15	12
Contingent Liabilities	2	2	2	2	2	2
Book Value per Share	29.77	36.40	48.23	31.85	37.14	41.19
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2020

Equity Capital: 8
: 16
: 5
Trade Payables: 9
: 15
Total Liabilities: 52
: 26
Capital Work in Progress: 2
: 0
: 16
: 0
Cash & Bank: 2
: 5
Total Assets: 52
Total Debt: 20
Net Working Capital: 7
Contingent Liabilities: 2
Book Value per Share: 29.77
Face Value: 10.00
Total Debt: 20
Net Working Capital: 7
Contingent Liabilities: 2
Book Value per Share: 29.77
Face Value: 10.00

Mar 2021

Equity Capital: 8
: 21
: 8
Trade Payables: 12
: 10
Total Liabilities: 59
: 26
Capital Work in Progress: 2
: 0
: 16
: 0
Cash & Bank: 2
: 13
Total Assets: 59
Total Debt: 14
Net Working Capital: 5
Contingent Liabilities: 2
Book Value per Share: 36.40
Face Value: 10.00
Total Debt: 14
Net Working Capital: 5
Contingent Liabilities: 2
Book Value per Share: 36.40
Face Value: 10.00

Mar 2022

Equity Capital: 8
: 30
: 10
Trade Payables: 5
: 20
Total Liabilities: 74
: 27
Capital Work in Progress: 2
: 1
: 18
: 0
Cash & Bank: 0
: 25
Total Assets: 74
Total Debt: 25
Net Working Capital: 19
Contingent Liabilities: 2
Book Value per Share: 48.23
Face Value: 10.00
Total Debt: 25
Net Working Capital: 19
Contingent Liabilities: 2
Book Value per Share: 48.23
Face Value: 10.00

Mar 2023

Equity Capital: 24
: 53
: 4
Trade Payables: 11
: 25
Total Liabilities: 116
: 27
Capital Work in Progress: 5
: 2
: 15
: 0
Cash & Bank: 24
: 43
Total Assets: 116
Total Debt: 22
Net Working Capital: 51
Contingent Liabilities: 2
Book Value per Share: 31.85
Face Value: 10.00
Total Debt: 22
Net Working Capital: 51
Contingent Liabilities: 2
Book Value per Share: 31.85
Face Value: 10.00

Mar 2024

Equity Capital: 24
: 66
: 11
Trade Payables: 14
: 127
Total Liabilities: 242
: 26
Capital Work in Progress: 120
: 2
: 13
: 2
Cash & Bank: 0
: 77
Total Assets: 242
Total Debt: 130
Net Working Capital: 15
Contingent Liabilities: 2
Book Value per Share: 37.14
Face Value: 10.00
Total Debt: 130
Net Working Capital: 15
Contingent Liabilities: 2
Book Value per Share: 37.14
Face Value: 10.00

Mar 2025

Equity Capital: 24
: 75
: 64
Trade Payables: 20
: 318
Total Liabilities: 501
: 25
Capital Work in Progress: 338
: 2
: 36
: 1
Cash & Bank: 0
: 98
Total Assets: 501
Total Debt: 358
Net Working Capital: 12
Contingent Liabilities: 2
Book Value per Share: 41.19
Face Value: 10.00
Total Debt: 358
Net Working Capital: 12
Contingent Liabilities: 2
Book Value per Share: 41.19
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-6	8	-6	12	20	-52
Cash from Investing	-6	-1	-3	-6	-149	-175
Cash from Financing	13	-8	9	16	106	227
	1	-1	-0	22	-22	-0
Free Cash Flow	-6	7	-8	8	-98	-270
OCF / Net Profit	-1.75	1.54	-0.72	0.73	1.61	-5.30
Cumulative 5-Year FCF	0	0	0	0	0	-361
OCF / Net Profit	-1.75	1.54	-0.72	0.73	1.61	-5.30
Cumulative 5-Year FCF	0	0	0	0	0	-361

Mar 2020

: -6
Cash from Investing: -6
Cash from Financing: 13
: 1
Free Cash Flow: -6
OCF / Net Profit: -1.75
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.75
Cumulative 5-Year FCF: 0

Mar 2021

: 8
Cash from Investing: -1
Cash from Financing: -8
: -1
Free Cash Flow: 7
OCF / Net Profit: 1.54
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.54
Cumulative 5-Year FCF: 0

Mar 2022

: -6
Cash from Investing: -3
Cash from Financing: 9
: -0
Free Cash Flow: -8
OCF / Net Profit: -0.72
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.72
Cumulative 5-Year FCF: 0

Mar 2023

: 12
Cash from Investing: -6
Cash from Financing: 16
: 22
Free Cash Flow: 8
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 0

Mar 2024

: 20
Cash from Investing: -149
Cash from Financing: 106
: -22
Free Cash Flow: -98
OCF / Net Profit: 1.61
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.61
Cumulative 5-Year FCF: 0

Mar 2025

: -52
Cash from Investing: -175
Cash from Financing: 227
: -0
Free Cash Flow: -270
OCF / Net Profit: -5.30
Cumulative 5-Year FCF: -361
OCF / Net Profit: -5.30
Cumulative 5-Year FCF: -361

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-
EPS (₹)	4.68	6.63	10.37	7.08	5.19	4.05
Book Value (₹)	29.77	36.40	48.23	31.85	37.14	41.19
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.84	3.80	5.58	7.84	6.12	5.02
PROFITABILITY	-	-	-	-	-	-
Operating Margin %	0.64%	7.85%	8.57%	12.07%	9.63%	8.82%
Net Margin %	6.37%	3.72%	4.43%	7.51%	6.63%	5.68%
ROE %	15.72%	20.03%	24.52%	29.75%	15.04%	10.34%
ROCE %	-2.27%	21.02%	26.68%	31.73%	11.36%	4.39%
	7.06%	9.42%	12.36%	17.97%	6.99%	2.63%
EFFICIENCY	-	-	-	-	-	-
Debtor Days	17	9	16	18	12	3
Inventory Days	101	42	34	27	27	52
Payable Days	63	32	21	16	32	47
	55	20	30	29	8	8
FINANCIAL HEALTH	-	-	-	-	-	-
Debt to Equity (x)	0.84x	0.48x	0.66x	0.28x	1.44x	3.60x
Interest Coverage (x)	-1.18x	4.33x	7.46x	11.53x	10.76x	9.23x
	1.43x	1.21x	2.10x	3.72x	1.49x	1.12x
GROWTH	-	-	-	-	-	-
Revenue Growth %	0.00%	142.29%	31.52%	23.12%	-17.02%	-8.84%
Operating Profit Growth %	0.00%	2863.57%	43.64%	73.39%	-25.46%	-16.17%
Net Profit Growth %	0.00%	41.58%	56.56%	108.76%	-26.74%	-21.94%
	0.00%	0.00%	0.00%	0.00%	-26.74%	-21.94%
VALUATION	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	15.43x	39.44x
P/B (x)	0.00x	0.00x	0.00x	0.00x	2.16x	3.88x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	15.75x	43.31x

Mar 2020

EPS (₹): 4.68
Book Value (₹): 29.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.84
Operating Margin %: 0.64%
Net Margin %: 6.37%
ROE %: 15.72%
ROCE %: -2.27%
: 7.06%
Debtor Days: 17
Inventory Days: 101
Payable Days: 63
: 55
Debt to Equity (x): 0.84x
Interest Coverage (x): -1.18x
: 1.43x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 6.63
Book Value (₹): 36.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.80
Operating Margin %: 7.85%
Net Margin %: 3.72%
ROE %: 20.03%
ROCE %: 21.02%
: 9.42%
Debtor Days: 9
Inventory Days: 42
Payable Days: 32
: 20
Debt to Equity (x): 0.48x
Interest Coverage (x): 4.33x
: 1.21x
Revenue Growth %: 142.29%
Operating Profit Growth %: 2863.57%
Net Profit Growth %: 41.58%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 10.37
Book Value (₹): 48.23
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.58
Operating Margin %: 8.57%
Net Margin %: 4.43%
ROE %: 24.52%
ROCE %: 26.68%
: 12.36%
Debtor Days: 16
Inventory Days: 34
Payable Days: 21
: 30
Debt to Equity (x): 0.66x
Interest Coverage (x): 7.46x
: 2.10x
Revenue Growth %: 31.52%
Operating Profit Growth %: 43.64%
Net Profit Growth %: 56.56%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 7.08
Book Value (₹): 31.85
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.84
Operating Margin %: 12.07%
Net Margin %: 7.51%
ROE %: 29.75%
ROCE %: 31.73%
: 17.97%
Debtor Days: 18
Inventory Days: 27
Payable Days: 16
: 29
Debt to Equity (x): 0.28x
Interest Coverage (x): 11.53x
: 3.72x
Revenue Growth %: 23.12%
Operating Profit Growth %: 73.39%
Net Profit Growth %: 108.76%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 5.19
Book Value (₹): 37.14
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.12
Operating Margin %: 9.63%
Net Margin %: 6.63%
ROE %: 15.04%
ROCE %: 11.36%
: 6.99%
Debtor Days: 12
Inventory Days: 27
Payable Days: 32
: 8
Debt to Equity (x): 1.44x
Interest Coverage (x): 10.76x
: 1.49x
Revenue Growth %: -17.02%
Operating Profit Growth %: -25.46%
Net Profit Growth %: -26.74%
: -26.74%
P/E (x): 15.43x
P/B (x): 2.16x
Dividend Yield %: 0.00%
: 15.75x

Mar 2025

EPS (₹): 4.05
Book Value (₹): 41.19
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.02
Operating Margin %: 8.82%
Net Margin %: 5.68%
ROE %: 10.34%
ROCE %: 4.39%
: 2.63%
Debtor Days: 3
Inventory Days: 52
Payable Days: 47
: 8
Debt to Equity (x): 3.60x
Interest Coverage (x): 9.23x
: 1.12x
Revenue Growth %: -8.84%
Operating Profit Growth %: -16.17%
Net Profit Growth %: -21.94%
: -21.94%
P/E (x): 39.44x
P/B (x): 3.88x
Dividend Yield %: 0.00%
: 43.31x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	73.60	73.60	73.60	73.60	73.60	73.60	73.60
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.40	26.40	26.40	26.40	26.40	26.40	26.40

Mar 2023

: 73.60
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.40

Sep 2023

: 73.60
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.40

Mar 2024

: 73.60
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.40

Sep 2024

: 73.60
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.40

Mar 2025

: 73.60
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.40

Sep 2025

: 73.60
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.40

Mar 2026

: 73.60
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.40

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Oct 2024
TranscriptPPTREC