Madhur steel Unlisted Shares
BUY
₹412.00
SELL
₹452.00
Madhur steel has recently issued shares at the price of 200 which has resulted in increased supply of their shares. This has put a downward pressure which is stopping its share price from decreasing.
About Madhur steel Unlisted Shares
Madhur Iron and Steel is a key player in India’s structural steel industry. With a strategic location near the Bhilai Steel Plant, the company ensures efficient distribution across western, northern, and central India. Its cost-efficient manufacturing and exclusive certifications make it a trusted supplier for infrastructure projects.
Business Divisions
Structural Steel Products
The company produces angles, channels, flats, and rods, essential for power transmission lines, bridges, buildings, and transportation infrastructure.
Infrastructure & Industrial Supply
Madhur Iron and Steel supplies high-quality steel products for power infrastructure, construction, and the automotive industry, meeting stringent quality standards.
Expansion Initiatives
The company is increasing production capacity, developing a new plant, and diversifying its product line with beams, columns, and round bars to cater to growing industry demands.
Financial Highlights
-
Revenue Growth: Increased from ₹193 Cr (2023) to ₹239 Cr (2024), driven by higher demand and market expansion.
-
Profitability Boost: PAT doubled from ₹6 Cr to ₹12 Cr, with Net Profit Margin rising from 3.11% to 5.02%.
-
Operational Efficiency: EBITDA improved from ₹13 Cr to ₹24 Cr, reflecting better cost management and productivity.
-
Stronger Margins: Gross Margins surged from 1.04% to 9.21%, while OPM increased from 6.74% to 10.04%.
-
Higher Borrowings: Debt rose from ₹30 Cr to ₹58 Cr, funding expansion and capacity growth.
-
Asset Expansion: Fixed Assets grew from ₹8 Cr to ₹14 Cr, supporting infrastructure development.
-
Increased Reserves: Reserves climbed from ₹14 Cr to ₹26 Cr, strengthening financial stability.
Pros
- Strong Revenue Growth: Increased demand and expansion led to revenue rising from ₹193 Cr to ₹239 Cr, showcasing business strength and market penetration.
- Higher Profitability: PAT doubled from ₹6 Cr to ₹12 Cr, improving margins and enhancing financial stability for long-term growth.
- Operational Efficiency: EBITDA surged from ₹13 Cr to ₹24 Cr, reflecting better cost management, improved production processes, and optimized resource utilization.
Cons
- Rising Debt: Borrowings increased from ₹30 Cr to ₹58 Cr, which may increase interest costs and financial liabilities.
- Higher Material Costs: Cost of materials grew from ₹191 Cr to ₹217 Cr, potentially affecting profit margins if not controlled.
- Declining Trade Receivables: Dropped from ₹3 Cr to ₹2 Cr, which might indicate tighter credit policies but could also impact sales.
Key Details
Share Name | Particulars |
---|---|
Madhur Steel Unlisted | 225 |
Shares Price | Per Equity Share |
Lot Size | 5000 Shares |
52 Week High | ₹ 125 |
52 Week LoW | ₹ 125 |
Depository | NSDL & CDSL |
PAN Number | AAHCM7572R |
ISIN Number | INE0TO301014 |
CIN | U51101CT2012PTC000189 |
RTA | KFin Technologies |
Fundamentals | Value |
---|---|
Market Cap (in cr.) | 297.84 |
P/E Ratio | 12.40 |
P/B Ratio | 6.94 |
Debt to Equity | 1.35 |
ROE (%) | 29% |
Book Value | 32.42 |
EPS | 18.15 |
Face Value | 10 |
Total Shares | 13,237,200 |
Financials
P&L Statement | 2024 | 2023 |
---|---|---|
Revenue | 239 | 193 |
Cost of Material Consumed | 217 | 191 |
Gross Margins | 9.21 | 1.04 |
Change in Inventory | -16 | -24 |
Employee Benefit Expenses | 2 | 2 |
Other Expenses | 12 | 11 |
EBITDA | 24 | 13 |
OPM | 10.04 | 6.74 |
Other Income | 0.3 | 1 |
Finance Cost | 5.6 | 3 |
D&A | 0.99 | 1 |
EBIT | 23.01 | 12 |
EBIT Margins | 9.63 | 6.22 |
PBT | 17 | 9 |
PBT Margins | 7.11 | 4.66 |
Tax | 5 | 3 |
PAT | 12 | 6 |
NPM | 5.02 | 3.11 |
EPS | 18.15 | 10.29 |
Ratio | FY24 |
---|---|
Operating Margin | 10% |
Net Profit Margin | 5% |
Return on Equity | 29% |
Debt-Equity | 1.35 |
Current Ratio | 1.35 |
Dividend Payout | 0% |
Company | Madhur Steel | Rama Steel Tubes | Venus Pipes and Tubes |
---|---|---|---|
Market Cap (₹ Crores) | 165 | 1545 | 2664 |
Profitability Margin (%) | 5% | 3% | 11% |
ROCE (%) | 125% | 12% | 28% |
ROE (%) | 29% | 10% | 24% |
D/E Ratio | 1.35 | 0.27 | 0.37 |
P/E Ratio | 12.72 | 67.50 | 28.30 |
P/B Ratio | 3.86 | 4.37 | 5.52 |
Book Value per Share (₹) | 32.42 | 2.26 | 237.00 |
Assets | 2024 | 2023 |
---|---|---|
Fixed Assets | 14 | 8 |
CWIP | 0.1 | 2 |
Investments | 0 | 0 |
Trade Receivables | 2 | 3 |
Inventory | 94 | 56 |
Other Assets | 19.9 | 11 |
Total Assets | 130 | 80 |
Liabilities | 2024 | 2023 |
---|---|---|
Share Capital | 6.61 | 5.83 |
FV | 10 | 10 |
Reserves | 26 | 14 |
Borrowings | 58 | 30 |
Trade Payables | 21 | 26 |
Other Liabilities | 18.39 | 4.17 |
Total Liabilities | 130 | 80 |