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Steel City Securities Limited (STEELCITY) Report Analysis

Corporate Events

Positive

Steel City Securities Limited, 1.00 (INR), Cash...

2022-10-28 00:00:00

Steel City Securities Limited, 1.00 (INR), Cash Dividend, Oct-27-2022

Positive

Steel City Securities Limited, 1.00 (INR), Cash...

2022-06-27 00:00:00

Steel City Securities Limited, 1.00 (INR), Cash Dividend, Jul-21-2022

Neutral

Steel City Securities Limited - Shareholder/Ana...

2022-06-25 09:07:00

AGM

Neutral

Steel City Securities Limited, Board Meeting, J...

2022-06-25 09:07:00

Steel City Securities Limited, Board Meeting, Jun 25, 2022, at 12:45 Indian Standard Time. Agenda: To approve the notice of the Annual General...

Neutral

Steel City Securities Limited, Annual General M...

2022-06-25 09:07:00

Steel City Securities Limited, Annual General Meeting, Jul 30, 2022. Agenda: To approve final dividend for fiscal 2022.

Positive

Steel City Securities Limited, 1.00 (INR), Cash Dividend, Oct-27-2022

2022-10-28 00:00:00

Steel City Securities Limited, 1.00 (INR), Cash Dividend, Oct-27-2022

Positive

Steel City Securities Limited, 1.00 (INR), Cash Dividend, Jul-21-2022

2022-06-27 00:00:00

Steel City Securities Limited, 1.00 (INR), Cash Dividend, Jul-21-2022

Neutral

Steel City Securities Limited - Shareholder/Analyst Call

2022-06-25 09:07:00

AGM

Neutral

Steel City Securities Limited, Board Meeting, Jun 25, 2022

2022-06-25 09:07:00

Steel City Securities Limited, Board Meeting, Jun 25, 2022, at 12:45 Indian Standard Time. Agenda: To approve the notice of the Annual General Meeting of the Company and to obtain the approval of the Shareholders; to recommend final dividend for fiscal 2022; to fix the Book Closure date to ascertain the list of Shareholders who are eligible for the proposed Final Dividend for the Financial Year 2021-22 that shall be approved at the ensuing Annual General Meeting; to take note of the letter no: SEBI/CFD/CMD3/0W/20544/1/2022 DT: 13.05.2022 received from SEBI; to adopt the revised Related Party Transaction Policy of the Company; and to take note of the Investor Presentation to be presented before the Investors of the Company.

Neutral

Steel City Securities Limited, Annual General Meeting, Jul 30, 2022

2022-06-25 09:07:00

Steel City Securities Limited, Annual General Meeting, Jul 30, 2022. Agenda: To approve final dividend for fiscal 2022.

Fundamental Summary

Steel City's recently released results from Q1 indicate that Steel City is performing reasonably well and on par with its peers. We do believe, though, that macro-related market conditions will influence the stock's performance more significantly than its individual results. We therefore gave Steel City a total score of 64 out of 100 and a HOLD recommendation.

Steel City reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 159.83 million compared to INR 172.18 million a year ago. Net income was INR 32.26 million compared to INR 37.78 million a year ago. Basic earnings per share from continuing operations was INR 2.14 compared to INR 2.5 a year ago. Diluted earnings per share from continuing operations was INR 2.14 compared to INR 2.5 a year ago.For the six months, revenue was INR 298.15 million compared to INR 314.06 million a year ago. Net income was INR 54.67 million compared to INR 64.95 million a year ago. Basic earnings per share from continuing operations was INR 3.62 compared to INR 4.3 a year ago. Diluted earnings per share from continuing operations was INR 3.62 compared to INR 4.3 a year ago.

Business Description

Steel City provides retail stock broking services in southern parts of India. It provides a trading platform of capital market, futures and options, commodities, and currency derivatives; acts as a depository participant; offers margin trading facility for stocks or derivatives traded on NSE and BSE; and distributes mutual funds, credit cards, corporate fixed deposits, bonds, and IPOs. The company also promotes pension schemes for the retirement benefits of employees and business people; offers insurance agency services, and online payment system for online and offline trading clients; and provides non-banking financial services, such as project finance loans, housing loans, personal loans, gold loans, and loans against securities, as well as a mobile trading application. In addition, it offers e-governance products, such as PAN, TAN, e-TDS and e-TCS returns/statements, E- sign, annual information return, GST returns, and form 24G, as well as change requests of PAN and TAN. The company was incorporated in 1995 and is headquartered in Visakhapatnam, India.

Sector Overview

Steel City is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Steel City's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1.6B 11.9% 68
Liabilities 690.9M 16.7% 67
Price to Book 0.6 80.3% 65
Cash & Equivalents 595.9M 2.4% 66
Equity 955.4M 8.6% 71
Total Revenues 552.2M 7.8% 49
Parameter Value Change Score
Return on Equity 11.5 39.7% 61
Net Cashflow 13.7M 45.7% 59
Capital Expenditure -18.8M -12.8% 62
Asset Turnover 0.4 0.2% 73
Free Cashflow Per Share -0.2 -115.5% 72
* All values are TTM

The below chart reflects Steel City's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Steel City's peer average final assessment score stands on 68, Steel City's score is 64.

  •  STEELCITY
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 59 66 71
Underperform
59
59 0 1
VLS Finance Limited 5.2B 79 70 64
Hold
75
75 1 1
Consolidated Finvest & Holdings Limited 4.4B 69 55 59
Hold
63
63 2 1
N.B.I. Industrial Finance Company Limited 4.2B 50 80 68
Underperform
59
59 3 1
Wealth First Portfolio Managers Limited 3.1B 85 50 66
Hold
72
72 4 1
Inventure Growth & Securities Limited 2.4B 87 49 91
Hold
76
76 5 1
BLB Limited 1.1B 90 78 67
Strong Buy
87
87 6 1
Nalwa Sons Investments Limited 12.3B 56 77 67
Hold
65
65 7 1
Monarch Networth Capital Limited 12.0B 52 71 68
Underperform
55
55 8 1
Dolat Algotech Limited 11.9B 82 45 76
Hold
71
71 9 1
UGRO Capital Limited 11.4B 82 70 68
Hold
78
78 10 1
Geojit Financial Services Limited 11.3B 74 83 65
Buy
79
79 11 1
PNB Gilts Ltd. 11.3B 68 82 55
Hold
68
68 12 1
BF Investment Limited 10.9B 64 64 66
Hold
63
63 13 1
Centrum Capital Limited 10.7B 85 64 88
Buy
81
81 14 1
5paisa Capital Limited 9.6B 85 58 81
Hold
76
76 15 1
Dhunseri Ventures Limited 9.1B 91 76 58
Buy
85
85 16 1
Kalyani Investment Company Limited 8.2B 75 71 85
Hold
77
77 17 1
Arihant Capital Markets Limited 7.0B 87 80 66
Buy
86
86 18 1
Summit Securities Limited 6.9B 44 62 87
Underperform
51
51 19 1
Nahar Capital and Financial Services Limited 5.6B 70 54 67
Hold
63
63 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 60 44 81
Underperform
55
55 21 1
The Investment Trust of India Limited 5.0B 55 84 65
Hold
66
66 22 1
Mahanivesh (India) Limited 4.5B 58 40 71
Underperform
46
46 23 1
Dhunseri Investments Limited 4.5B 46 72 76
Underperform
54
54 24 1
Kiran Vyapar Limited 4.0B 82 79 58
Buy
80
80 25 1
Swiss Military Consumer Goods Limited 3.7B 42 64 78
Underperform
50
50 26 1
Aditya Birla Money Limited 3.5B 88 81 75
Strong Buy
88
88 27 1
Jindal Photo Limited 3.5B 77 57 75
Hold
73
73 28 1
SIL Investments Limited 3.3B 64 55 81
Hold
61
61 29 1
Prime Securities Limited 3.2B 58 76 53
Underperform
58
58 30 1
Industrial & Prudential Investment Company Limited 3.2B 89 68 87
Buy
85
85 31 1
Indo Thai Securities Limited 3.2B 64 42 42
Underperform
51
51 32 1
Jaykay Enterprises Limited 3.0B 58 58 76
Hold
61
61 33 1
Systematix Corporate Services Limited 3.0B 77 93 75
Buy
86
86 34 1
Master Trust Limited 2.7B 78 64 50
Hold
70
70 35 1
STEL Holdings Limited 2.6B 80 55 45
Hold
67
67 36 1
IL&FS Investment Managers Limited 2.4B 73 57 79
Hold
69
69 37 1
ABans Enterprises Limited 2.4B 52 78 76
Hold
62
62 38 1
Quest Capital Markets Limited 2.1B 96 48 74
Hold
78
78 39 1
Almondz Global Securities Limited 2.0B 87 50 68
Hold
73
73 40 1
Industrial Investment Trust Limited 2.0B 74 62 71
Hold
70
70 41 1
Shardul Securities Limited 1.9B 59 61 81
Underperform
60
60 42 1
Emkay Global Financial Services Limited 1.8B 82 90 70
Strong Buy
88
88 43 1
Avonmore Capital & Management Services Limited 1.7B 69 79 70
Hold
73
73 44 1
Bombay Oxygen Investments Limited 1.7B 84 57 94
Hold
77
77 45 1
RSD Finance Limited 1.3B 78 49 54
Hold
65
65 46 1
Indbank Merchant Banking Services Limited 1.1B 54 73 53
Hold
62
62 47 1
LKP Finance Limited 1.1B 89 49 74
Hold
73
73 48 1
Welspun Investments and Commercials Limited 1.1B 83 60 50
Hold
72
72 49 1
LKP Securities Limited 1.1B 85 89 84
Strong Buy
92
92 50 1
Greencrest Financial Services Limited 994.2M 61 63 67
Hold
61
61 51 1
McDowell Holdings Limited 969.0M 73 57 51
Hold
63
63 52 1
DB (International) Stock Brokers Limited 899.5M 84 55 67
Hold
68
68 53 1
Shriram Asset Management Company Limited 881.7M 62 71 84
Hold
69
69 54 1
Global Capital Markets Limited 697.0M 55 50 80
Underperform
52
52 55 1
NCL Research & Financial Services Limited 556.6M 66 85 92
Strong Buy
87
87 56 1
Intellivate Capital Ventures Limited 500.4M 73 70 79
Buy
80
80 57 1
GCM Securities Limited 476.8M 48 85 76
Hold
65
65 58 1
Pioneer Investcorp Limited 466.7M 73 65 64
Hold
72
72 59 1
Wallfort Financial Services Ltd. 457.2M 71 46 63
Hold
61
61 60 1
Yamini Investments Company Limited 441.6M 46 54 59
Underperform
45
45 61 1
HB Stockholdings Limited 420.4M 75 66 67
Hold
71
71 62 1
Pro Fin Capital Services Ltd. 398.5M 81 43 63
Hold
62
62 63 1
HB Portfolio Limited 378.9M 64 47 88
Underperform
60
60 64 1
Cni Research Limited 311.1M 97 59 60
Hold
77
77 65 1
Odyssey Corporation Limited 291.9M 79 76 88
Buy
86
86 66 1
Monotype India Limited 225.0M 62 64 49
Underperform
52
52 67 1
Stampede Capital Limited 209.0M 37 69 82
Underperform
53
53 68 1
BFL Asset Finvest Limited 207.6M 70 58 66
Hold
63
63 69 1
Onelife Capital Advisors Limited 181.7M 78 67 51
Hold
65
65 70 1
AF Enterprises Limited 171.1M 72 82 63
Hold
75
75 71 1
Esaar (India) Limited 148.2M 69 62 69
Hold
71
71 72 1
Cubical Financial Services Limited 117.3M 60 57 99
Hold
71
71 73 1
Goenka Business & Finance Limited 109.2M 62 89 50
Hold
66
66 74 1
Alka Securities Limited 85.4M 91 86 61
Strong Buy
90
90 75 1
Gemstone Investments Limited 75.5M 82 96 85
Strong Buy
98
98 76 1
Confidence Finance and Trading Limited 73.9M 68 68 76
Hold
76
76 77 1
Essar Securities Limited 72.9M 79 50 88
Hold
74
74 78 1
Jackson Investments Limited 55.2M 43 72 77
Underperform
58
58 79 1
Mathew Easow Research Securities Limited 38.5M 59 55 60
Underperform
51
51 80 1

Macro Environment

Neutral
60

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Steel City Securities Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Steel City Securities Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Steel City Securities Limited macro environment with the score of 60.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Steel City's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Steel City's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 83.

Bullish 83
Close Price 60.25
52W Low 51.1
52W High 72.25
5D MA 59.99
50D MA 58.34
200D MA 58.58
MACD 0.5
RSI 10.83
STOCH 67.92

Balance Sheet Analysis

While the critical metrics for Steel City's balance sheet were not overwhelmingly positive, nonetheless, Steel City's leadership seems to be consistently making smart decisions related to managing their balance sheet. Steel City did a great job related to equity this period, which stood at 955.4M, representing a 8.6% change. This parameter often affects companies in the same industry and market capitalization by up to 8.0%. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. The company's equity movement component, therefore, received a grade of 71. Also, Steel City assets on their balance sheet, moved to 1.6B, which is a 11.9% change from the last period. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. Consequently, their asset movement received a grade of 68. That said, one metric, Book Value Factors, stood out as strongly negative. Steel City publishes concerning book value factor metrics in this report. price to book ratio (P/B) now sits at 0.6 and represents 80.3% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 25.6%. Their book value factor metrics are even more concerning when compared to their peers. Disappointing results in book value factors typically precede negative pressure in stock prices, so its book value factors received a grade of 65. Therefore, it received a score of 66.

Parameter Value Change Score
Assets 1.6B 11.9% 68
Liabilities 690.9M 16.7% 67
Price to Book 0.6 80.3% 65
Cash & Equivalents 595.9M 2.4% 66
Equity 955.4M 8.6% 71
* All values are TTM

The below chart describes Steel City's performance as reflected on its balance sheet with respect to its peers. While Steel City received a balance sheet score of 66, the average of its peers stands on 72.

  •  STEELCITY
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 59.0 82.0 83.0 64.0 51.0 59 0 1
VLS Finance Limited 5.2B 79.0 72.0 89.0 71.0 69.0 79 1 1
Consolidated Finvest & Holdings Limited 4.4B 76.0 69.0 75.0 79.0 61.0 69 2 1
N.B.I. Industrial Finance Company Limited 4.2B 99.0 42.0 60.0 57.0 43.0 50 3 1
Wealth First Portfolio Managers Limited 3.1B 79.0 79.0 79.0 48.0 93.0 85 4 1
Inventure Growth & Securities Limited 2.4B 62.0 69.0 94.0 72.0 93.0 87 5 1
BLB Limited 1.1B 83.0 85.0 65.0 58.0 91.0 90 6 1
Nalwa Sons Investments Limited 12.3B 65.0 80.0 71.0 66.0 46.0 56 7 1
Monarch Networth Capital Limited 12.0B 66.0 69.0 48.0 63.0 47.0 52 8 1
Dolat Algotech Limited 11.9B 93.0 62.0 72.0 72.0 77.0 82 9 1
UGRO Capital Limited 11.4B 97.0 38.0 38.0 93.0 84.0 82 10 1
Geojit Financial Services Limited 11.3B 81.0 52.0 49.0 58.0 79.0 74 11 1
PNB Gilts Ltd. 11.3B 84.0 54.0 57.0 79.0 66.0 68 12 1
BF Investment Limited 10.9B 44.0 71.0 71.0 65.0 67.0 64 13 1
Centrum Capital Limited 10.7B 84.0 48.0 66.0 82.0 82.0 85 14 1
5paisa Capital Limited 9.6B 88.0 44.0 40.0 91.0 88.0 85 15 1
Dhunseri Ventures Limited 9.1B 88.0 51.0 65.0 62.0 91.0 91 16 1
Kalyani Investment Company Limited 8.2B 41.0 40.0 70.0 64.0 86.0 75 17 1
Arihant Capital Markets Limited 7.0B 78.0 54.0 66.0 57.0 88.0 87 18 1
Summit Securities Limited 6.9B 81.0 40.0 59.0 47.0 42.0 44 19 1
Nahar Capital and Financial Services Limited 5.6B 76.0 65.0 83.0 40.0 71.0 70 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 51.0 69.0 54.0 62.0 60 21 1
The Investment Trust of India Limited 5.0B 56.0 71.0 41.0 62.0 60.0 55 22 1
Mahanivesh (India) Limited 4.5B 74.0 76.0 71.0 58.0 51.0 58 23 1
Dhunseri Investments Limited 4.5B 44.0 53.0 61.0 72.0 45.0 46 24 1
Kiran Vyapar Limited 4.0B 57.0 83.0 87.0 47.0 88.0 82 25 1
Swiss Military Consumer Goods Limited 3.7B 46.0 53.0 47.0 63.0 43.0 42 26 1
Aditya Birla Money Limited 3.5B 88.0 49.0 46.0 90.0 89.0 88 27 1
Jindal Photo Limited 3.5B 51.0 76.0 72.0 51.0 80.0 77 28 1
SIL Investments Limited 3.3B 40.0 85.0 70.0 81.0 61.0 64 29 1
Prime Securities Limited 3.2B 49.0 86.0 57.0 55.0 50.0 58 30 1
Industrial & Prudential Investment Company Limited 3.2B 77.0 58.0 66.0 81.0 87.0 89 31 1
Indo Thai Securities Limited 3.2B 58.0 80.0 47.0 72.0 68.0 64 32 1
Jaykay Enterprises Limited 3.0B 61.0 47.0 78.0 58.0 53.0 58 33 1
Systematix Corporate Services Limited 3.0B 60.0 88.0 51.0 82.0 88.0 77 34 1
Master Trust Limited 2.7B 58.0 90.0 47.0 76.0 90.0 78 35 1
STEL Holdings Limited 2.6B 53.0 91.0 49.0 74.0 94.0 80 36 1
IL&FS Investment Managers Limited 2.4B 52.0 63.0 69.0 84.0 73.0 73 37 1
ABans Enterprises Limited 2.4B 84.0 39.0 45.0 94.0 50.0 52 38 1
Quest Capital Markets Limited 2.1B 71.0 88.0 76.0 80.0 94.0 96 39 1
Almondz Global Securities Limited 2.0B 77.0 68.0 85.0 78.0 90.0 87 40 1
Industrial Investment Trust Limited 2.0B 69.0 71.0 46.0 56.0 80.0 74 41 1
Shardul Securities Limited 1.9B 50.0 68.0 72.0 62.0 60.0 59 42 1
Emkay Global Financial Services Limited 1.8B 82.0 50.0 48.0 56.0 88.0 82 43 1
Avonmore Capital & Management Services Limited 1.7B 56.0 79.0 55.0 68.0 80.0 69 44 1
Bombay Oxygen Investments Limited 1.7B 56.0 60.0 92.0 82.0 78.0 84 45 1
RSD Finance Limited 1.3B 60.0 76.0 91.0 41.0 84.0 78 46 1
Indbank Merchant Banking Services Limited 1.1B 44.0 81.0 74.0 66.0 49.0 54 47 1
LKP Finance Limited 1.1B 87.0 54.0 66.0 88.0 84.0 89 48 1
Welspun Investments and Commercials Limited 1.1B 37.0 97.0 81.0 39.0 98.0 83 49 1
LKP Securities Limited 1.1B 66.0 59.0 44.0 79.0 91.0 85 50 1
Greencrest Financial Services Limited 994.2M 55.0 81.0 79.0 65.0 51.0 61 51 1
McDowell Holdings Limited 969.0M 71.0 94.0 42.0 38.0 89.0 73 52 1
DB (International) Stock Brokers Limited 899.5M 92.0 49.0 73.0 69.0 80.0 84 53 1
Shriram Asset Management Company Limited 881.7M 51.0 58.0 70.0 61.0 65.0 62 54 1
Global Capital Markets Limited 697.0M 48.0 79.0 71.0 78.0 53.0 55 55 1
NCL Research & Financial Services Limited 556.6M 66.0 51.0 82.0 97.0 66.0 66 56 1
Intellivate Capital Ventures Limited 500.4M 64.0 64.0 93.0 90.0 72.0 73 57 1
GCM Securities Limited 476.8M 65.0 51.0 54.0 60.0 66.0 48 58 1
Pioneer Investcorp Limited 466.7M 48.0 80.0 49.0 67.0 83.0 73 59 1
Wallfort Financial Services Ltd. 457.2M 68.0 60.0 81.0 71.0 69.0 71 60 1
Yamini Investments Company Limited 441.6M 70.0 50.0 54.0 79.0 41.0 46 61 1
HB Stockholdings Limited 420.4M 80.0 63.0 92.0 59.0 65.0 75 62 1
Pro Fin Capital Services Ltd. 398.5M 66.0 79.0 75.0 41.0 89.0 81 63 1
HB Portfolio Limited 378.9M 54.0 63.0 63.0 68.0 66.0 64 64 1
Cni Research Limited 311.1M 71.0 86.0 97.0 42.0 85.0 97 65 1
Odyssey Corporation Limited 291.9M 71.0 53.0 95.0 41.0 99.0 79 66 1
Monotype India Limited 225.0M 71.0 57.0 62.0 86.0 41.0 62 67 1
Stampede Capital Limited 209.0M 40.0 45.0 62.0 95.0 37.0 37 68 1
BFL Asset Finvest Limited 207.6M 85.0 71.0 54.0 59.0 75.0 70 69 1
Onelife Capital Advisors Limited 181.7M 70.0 55.0 89.0 85.0 67.0 78 70 1
AF Enterprises Limited 171.1M 56.0 93.0 41.0 72.0 85.0 72 71 1
Esaar (India) Limited 148.2M 70.0 56.0 95.0 90.0 56.0 69 72 1
Cubical Financial Services Limited 117.3M 67.0 68.0 53.0 42.0 71.0 60 73 1
Goenka Business & Finance Limited 109.2M 79.0 70.0 47.0 61.0 52.0 62 74 1
Alka Securities Limited 85.4M 86.0 93.0 66.0 68.0 90.0 91 75 1
Gemstone Investments Limited 75.5M 72.0 59.0 93.0 95.0 62.0 82 76 1
Confidence Finance and Trading Limited 73.9M 67.0 70.0 43.0 79.0 79.0 68 77 1
Essar Securities Limited 72.9M 68.0 61.0 87.0 87.0 82.0 79 78 1
Jackson Investments Limited 55.2M 63.0 61.0 44.0 42.0 55.0 43 79 1
Mathew Easow Research Securities Limited 38.5M 73.0 54.0 52.0 74.0 44.0 59 80 1

Income Statement Analysis

Steel City appears likely to maintain its strong income statement metrics, especially Return Factors. In this filing, Steel City reported a return on equity (ROE) ratio of 11.5, which represents a change of 39.7%. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 61. That said, one metric, Revenue Efficiency, stood out as strongly negative. Steel City's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 1.8 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 49. their income statement received an overall score of 60.

Parameter Value Change Score
Total Revenues 552.2M 7.8% 49
Return on Equity 11.5 39.7% 61
* All values are TTM

The below chart describes Steel City's performance as reflected on its income statement with respect to its peers. While Steel City received a income statement score of 60 , the average of its peers stands on 65.

  •  STEELCITY
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 51.0 70.0 63.0 66 0 1
VLS Finance Limited 5.2B 57.0 76.0 61.0 70 1 1
Consolidated Finvest & Holdings Limited 4.4B 38.0 65.0 46.0 55 2 1
N.B.I. Industrial Finance Company Limited 4.2B 51.0 76.0 83.0 80 3 1
Wealth First Portfolio Managers Limited 3.1B 69.0 47.0 61.0 50 4 1
Inventure Growth & Securities Limited 2.4B 69.0 58.0 52.0 49 5 1
BLB Limited 1.1B 76.0 75.0 88.0 78 6 1
Nalwa Sons Investments Limited 12.3B 79.0 79.0 70.0 77 7 1
Monarch Networth Capital Limited 12.0B 60.0 70.0 74.0 71 8 1
Dolat Algotech Limited 11.9B 49.0 44.0 45.0 45 9 1
UGRO Capital Limited 11.4B 95.0 77.0 50.0 70 10 1
Geojit Financial Services Limited 11.3B 81.0 78.0 84.0 83 11 1
PNB Gilts Ltd. 11.3B 92.0 81.0 77.0 82 12 1
BF Investment Limited 10.9B 54.0 65.0 65.0 64 13 1
Centrum Capital Limited 10.7B 43.0 66.0 69.0 64 14 1
5paisa Capital Limited 9.6B 90.0 59.0 50.0 58 15 1
Dhunseri Ventures Limited 9.1B 89.0 79.0 62.0 76 16 1
Kalyani Investment Company Limited 8.2B 92.0 75.0 51.0 71 17 1
Arihant Capital Markets Limited 7.0B 82.0 76.0 80.0 80 18 1
Summit Securities Limited 6.9B 88.0 63.0 52.0 62 19 1
Nahar Capital and Financial Services Limited 5.6B 94.0 57.0 52.0 54 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 41.0 69.0 45.0 44 21 1
The Investment Trust of India Limited 5.0B 84.0 80.0 85.0 84 22 1
Mahanivesh (India) Limited 4.5B 37.0 43.0 40.0 40 23 1
Dhunseri Investments Limited 4.5B 58.0 73.0 73.0 72 24 1
Kiran Vyapar Limited 4.0B 49.0 79.0 81.0 79 25 1
Swiss Military Consumer Goods Limited 3.7B 43.0 69.0 63.0 64 26 1
Aditya Birla Money Limited 3.5B 82.0 79.0 77.0 81 27 1
Jindal Photo Limited 3.5B 63.0 58.0 51.0 57 28 1
SIL Investments Limited 3.3B 38.0 69.0 43.0 55 29 1
Prime Securities Limited 3.2B 60.0 71.0 84.0 76 30 1
Industrial & Prudential Investment Company Limited 3.2B 47.0 77.0 61.0 68 31 1
Indo Thai Securities Limited 3.2B 96.0 53.0 39.0 42 32 1
Jaykay Enterprises Limited 3.0B 37.0 63.0 66.0 58 33 1
Systematix Corporate Services Limited 3.0B 45.0 76.0 97.0 93 34 1
Master Trust Limited 2.7B 70.0 72.0 60.0 64 35 1
STEL Holdings Limited 2.6B 91.0 61.0 51.0 55 36 1
IL&FS Investment Managers Limited 2.4B 53.0 57.0 55.0 57 37 1
ABans Enterprises Limited 2.4B 94.0 74.0 61.0 78 38 1
Quest Capital Markets Limited 2.1B 54.0 62.0 47.0 48 39 1
Almondz Global Securities Limited 2.0B 84.0 57.0 49.0 50 40 1
Industrial Investment Trust Limited 2.0B 56.0 58.0 67.0 62 41 1
Shardul Securities Limited 1.9B 56.0 63.0 62.0 61 42 1
Emkay Global Financial Services Limited 1.8B 92.0 83.0 91.0 90 43 1
Avonmore Capital & Management Services Limited 1.7B 81.0 75.0 66.0 79 44 1
Bombay Oxygen Investments Limited 1.7B 41.0 70.0 46.0 57 45 1
RSD Finance Limited 1.3B 55.0 56.0 56.0 49 46 1
Indbank Merchant Banking Services Limited 1.1B 94.0 63.0 77.0 73 47 1
LKP Finance Limited 1.1B 43.0 56.0 47.0 49 48 1
Welspun Investments and Commercials Limited 1.1B 67.0 73.0 55.0 60 49 1
LKP Securities Limited 1.1B 74.0 84.0 92.0 89 50 1
Greencrest Financial Services Limited 994.2M 84.0 68.0 66.0 63 51 1
McDowell Holdings Limited 969.0M 98.0 65.0 51.0 57 52 1
DB (International) Stock Brokers Limited 899.5M 47.0 61.0 48.0 55 53 1
Shriram Asset Management Company Limited 881.7M 56.0 69.0 77.0 71 54 1
Global Capital Markets Limited 697.0M 40.0 53.0 50.0 50 55 1
NCL Research & Financial Services Limited 556.6M 69.0 90.0 48.0 85 56 1
Intellivate Capital Ventures Limited 500.4M 87.0 63.0 83.0 70 57 1
GCM Securities Limited 476.8M 97.0 73.0 59.0 85 58 1
Pioneer Investcorp Limited 466.7M 82.0 63.0 57.0 65 59 1
Wallfort Financial Services Ltd. 457.2M 95.0 46.0 43.0 46 60 1
Yamini Investments Company Limited 441.6M 95.0 59.0 38.0 54 61 1
HB Stockholdings Limited 420.4M 82.0 56.0 72.0 66 62 1
Pro Fin Capital Services Ltd. 398.5M 40.0 48.0 43.0 43 63 1
HB Portfolio Limited 378.9M 44.0 46.0 50.0 47 64 1
Cni Research Limited 311.1M 37.0 71.0 72.0 59 65 1
Odyssey Corporation Limited 291.9M 90.0 56.0 96.0 76 66 1
Monotype India Limited 225.0M 39.0 64.0 65.0 64 67 1
Stampede Capital Limited 209.0M 97.0 67.0 71.0 69 68 1
BFL Asset Finvest Limited 207.6M 41.0 37.0 95.0 58 69 1
Onelife Capital Advisors Limited 181.7M 66.0 70.0 71.0 67 70 1
AF Enterprises Limited 171.1M 53.0 74.0 79.0 82 71 1
Esaar (India) Limited 148.2M 57.0 63.0 73.0 62 72 1
Cubical Financial Services Limited 117.3M 38.0 69.0 38.0 57 73 1
Goenka Business & Finance Limited 109.2M 43.0 95.0 41.0 89 74 1
Alka Securities Limited 85.4M 94.0 82.0 92.0 86 75 1
Gemstone Investments Limited 75.5M 85.0 93.0 55.0 96 76 1
Confidence Finance and Trading Limited 73.9M 89.0 60.0 70.0 68 77 1
Essar Securities Limited 72.9M 52.0 50.0 84.0 50 78 1
Jackson Investments Limited 55.2M 97.0 61.0 94.0 72 79 1
Mathew Easow Research Securities Limited 38.5M 47.0 61.0 82.0 55 80 1

Cash Flow Analysis

Despite a middle-of-the-road cash flow report, two metrics, Asset Turnover and Free Cash flow, highlighted where Steel City is excelling. Steel City is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.4, representing a 0.2% change from the previous period. This metric might have a 3.2 percent impact on companies in the same industry and with the same market capitalization. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Correspondingly, their asset turnover movement received a grade of 73. Also, Steel City's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Steel City recorded free cash flow of -0.2, which represents a -115.5% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 8.2%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. Consequently, their free cash flow movement received a grade of 72. On the other hand, Net Cash Flow, jumped out as looking problematic. Steel City's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as 13.7M, which is a 45.7% change from the last report. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Consequently, their net cash flow movement received a grade of 59. Their cash flow received an overall score of 68.

Parameter Value Change Score
Net Cashflow 13.7M 45.7% 59
Capital Expenditure -18.8M -12.8% 62
Asset Turnover 0.4 0.2% 73
Free Cashflow Per Share -0.2 -115.5% 72
* All values are TTM

The below chart describes Steel City's performance as reflected on its cash flow with respect to its peers. While Steel City received a cash flow score of 68, the average of its peers stands on 65.

  •  STEELCITY
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 66.0 71.0 66.0 67.0 71 0 1
VLS Finance Limited 5.2B 68.0 69.0 60.0 66.0 64 1 1
Consolidated Finvest & Holdings Limited 4.4B 48.0 89.0 77.0 42.0 59 2 1
N.B.I. Industrial Finance Company Limited 4.2B 78.0 42.0 68.0 59.0 68 3 1
Wealth First Portfolio Managers Limited 3.1B 60.0 81.0 68.0 72.0 66 4 1
Inventure Growth & Securities Limited 2.4B 85.0 46.0 93.0 73.0 91 5 1
BLB Limited 1.1B 85.0 45.0 84.0 66.0 67 6 1
Nalwa Sons Investments Limited 12.3B 72.0 65.0 68.0 64.0 67 7 1
Monarch Networth Capital Limited 12.0B 69.0 64.0 63.0 69.0 68 8 1
Dolat Algotech Limited 11.9B 65.0 72.0 71.0 76.0 76 9 1
UGRO Capital Limited 11.4B 70.0 67.0 67.0 63.0 68 10 1
Geojit Financial Services Limited 11.3B 76.0 54.0 56.0 65.0 65 11 1
PNB Gilts Ltd. 11.3B 69.0 59.0 68.0 50.0 55 12 1
BF Investment Limited 10.9B 70.0 63.0 68.0 65.0 66 13 1
Centrum Capital Limited 10.7B 67.0 67.0 67.0 90.0 88 14 1
5paisa Capital Limited 9.6B 66.0 67.0 67.0 82.0 81 15 1
Dhunseri Ventures Limited 9.1B 69.0 67.0 94.0 46.0 58 16 1
Kalyani Investment Company Limited 8.2B 82.0 53.0 69.0 93.0 85 17 1
Arihant Capital Markets Limited 7.0B 67.0 67.0 47.0 65.0 66 18 1
Summit Securities Limited 6.9B 85.0 51.0 96.0 71.0 87 19 1
Nahar Capital and Financial Services Limited 5.6B 63.0 84.0 95.0 46.0 67 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 66.0 98.0 52.0 81 21 1
The Investment Trust of India Limited 5.0B 64.0 71.0 69.0 62.0 65 22 1
Mahanivesh (India) Limited 4.5B 73.0 56.0 68.0 74.0 71 23 1
Dhunseri Investments Limited 4.5B 74.0 66.0 68.0 76.0 76 24 1
Kiran Vyapar Limited 4.0B 61.0 71.0 40.0 82.0 58 25 1
Swiss Military Consumer Goods Limited 3.7B 73.0 63.0 57.0 77.0 78 26 1
Aditya Birla Money Limited 3.5B 53.0 85.0 81.0 69.0 75 27 1
Jindal Photo Limited 3.5B 63.0 68.0 59.0 83.0 75 28 1
SIL Investments Limited 3.3B 79.0 54.0 41.0 95.0 81 29 1
Prime Securities Limited 3.2B 72.0 64.0 70.0 48.0 53 30 1
Industrial & Prudential Investment Company Limited 3.2B 59.0 77.0 67.0 88.0 87 31 1
Indo Thai Securities Limited 3.2B 61.0 66.0 48.0 46.0 42 32 1
Jaykay Enterprises Limited 3.0B 74.0 55.0 95.0 87.0 76 33 1
Systematix Corporate Services Limited 3.0B 83.0 46.0 65.0 68.0 75 34 1
Master Trust Limited 2.7B 71.0 66.0 46.0 50.0 50 35 1
STEL Holdings Limited 2.6B 54.0 84.0 68.0 40.0 45 36 1
IL&FS Investment Managers Limited 2.4B 58.0 74.0 85.0 85.0 79 37 1
ABans Enterprises Limited 2.4B 45.0 89.0 91.0 87.0 76 38 1
Quest Capital Markets Limited 2.1B 65.0 72.0 63.0 78.0 74 39 1
Almondz Global Securities Limited 2.0B 78.0 38.0 52.0 74.0 68 40 1
Industrial Investment Trust Limited 2.0B 67.0 72.0 59.0 71.0 71 41 1
Shardul Securities Limited 1.9B 68.0 65.0 76.0 84.0 81 42 1
Emkay Global Financial Services Limited 1.8B 61.0 72.0 91.0 65.0 70 43 1
Avonmore Capital & Management Services Limited 1.7B 66.0 71.0 65.0 66.0 70 44 1
Bombay Oxygen Investments Limited 1.7B 52.0 82.0 90.0 94.0 94 45 1
RSD Finance Limited 1.3B 51.0 66.0 68.0 61.0 54 46 1
Indbank Merchant Banking Services Limited 1.1B 75.0 61.0 53.0 52.0 53 47 1
LKP Finance Limited 1.1B 63.0 72.0 67.0 72.0 74 48 1
Welspun Investments and Commercials Limited 1.1B 63.0 80.0 68.0 38.0 50 49 1
LKP Securities Limited 1.1B 62.0 78.0 67.0 82.0 84 50 1
Greencrest Financial Services Limited 994.2M 68.0 68.0 69.0 67.0 67 51 1
McDowell Holdings Limited 969.0M 86.0 44.0 66.0 37.0 51 52 1
DB (International) Stock Brokers Limited 899.5M 60.0 81.0 68.0 65.0 67 53 1
Shriram Asset Management Company Limited 881.7M 66.0 67.0 81.0 84.0 84 54 1
Global Capital Markets Limited 697.0M 71.0 60.0 60.0 89.0 80 55 1
NCL Research & Financial Services Limited 556.6M 71.0 69.0 66.0 90.0 92 56 1
Intellivate Capital Ventures Limited 500.4M 66.0 71.0 62.0 83.0 79 57 1
GCM Securities Limited 476.8M 69.0 70.0 60.0 79.0 76 58 1
Pioneer Investcorp Limited 466.7M 80.0 56.0 71.0 62.0 64 59 1
Wallfort Financial Services Ltd. 457.2M 66.0 71.0 63.0 65.0 63 60 1
Yamini Investments Company Limited 441.6M 66.0 71.0 63.0 58.0 59 61 1
HB Stockholdings Limited 420.4M 70.0 66.0 59.0 60.0 67 62 1
Pro Fin Capital Services Ltd. 398.5M 70.0 71.0 66.0 51.0 63 63 1
HB Portfolio Limited 378.9M 73.0 63.0 56.0 91.0 88 64 1
Cni Research Limited 311.1M 69.0 69.0 64.0 62.0 60 65 1
Odyssey Corporation Limited 291.9M 70.0 69.0 69.0 98.0 88 66 1
Monotype India Limited 225.0M 67.0 69.0 65.0 46.0 49 67 1
Stampede Capital Limited 209.0M 66.0 71.0 63.0 97.0 82 68 1
BFL Asset Finvest Limited 207.6M 61.0 71.0 65.0 64.0 66 69 1
Onelife Capital Advisors Limited 181.7M 69.0 69.0 64.0 51.0 51 70 1
AF Enterprises Limited 171.1M 66.0 71.0 65.0 51.0 63 71 1
Esaar (India) Limited 148.2M 69.0 71.0 66.0 68.0 69 72 1
Cubical Financial Services Limited 117.3M 71.0 69.0 66.0 98.0 99 73 1
Goenka Business & Finance Limited 109.2M 69.0 70.0 60.0 51.0 50 74 1
Alka Securities Limited 85.4M 83.0 54.0 86.0 42.0 61 75 1
Gemstone Investments Limited 75.5M 70.0 69.0 70.0 85.0 85 76 1
Confidence Finance and Trading Limited 73.9M 69.0 71.0 66.0 76.0 76 77 1
Essar Securities Limited 72.9M 71.0 69.0 66.0 86.0 88 78 1
Jackson Investments Limited 55.2M 66.0 71.0 62.0 81.0 77 79 1
Mathew Easow Research Securities Limited 38.5M 69.0 69.0 64.0 63.0 60 80 1

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