Table of Contents

Monnet Ispat Energy Ltd

Updated on April 10, 2024

Stock/Share Code - AIONJSW

Monnet Ispat & Energy is engaged in manufacturing and marketing of Sponge Iron, Steel and Ferro Alloys. MIEL is primary steel producer with steel plants at Raigarh and Raipur that has a production cap...show more

Below is the details of AIONJSW Monnet Ispat Energy Ltd

Market Cap	₹847.53 Cr.
Current Price	₹17.5 as on 9 Oct 20
52 Week High / Low Price	₹20.32 / ₹8
Face Value	₹10
Stock P/E
Book Value	₹31.65
Dividend Yield	0.00 %
ROCE	-5.67 %
ROE	-28.19 %
Sales Growth (3yrs)	28.68 %
Sector	Steel
Industry	Steel - Sponge Iron
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Stock is trading at 0.57 times its book value Company is expected to give good quarter

Cons: Company has low interest coverage ratio.

Monnet Ispat Energy Ltd Price Chart

Monnet Ispat Energy Ltd Peer Comparison in Steel

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Jindal Steel			₹20,920.53 Cr.	0.00	₹183.1 Cr.	1841.68	-6.70	9278.77	5.95
2.	Tata Steel Long	₹365.65		₹1,371.72 Cr.	4.11	-₹131.31 Cr.	-139.14	-7.31	653.10	-2.63
3.	Monnet Ispat			₹847.53 Cr.	0.00	-₹104.33 Cr.	24.96	15.86	617.31	-5.67
4.		16.45	₹801.9 Cr.	0.18	₹16.52 Cr.	-41.71	-41.64	181.71	6.26
5.	MSP Steel & Pow.			₹283.28 Cr.	0.00	-₹15.95 Cr.	35.71	-40.12	241.61	2.32
6.	Lloyds Metals		7.67	₹244.29 Cr.	0.00	₹21.24 Cr.	171.61	-20.26	103.99	12.54
7.	Jai Balaji Inds.			₹217.6 Cr.	0.00	-₹45.5 Cr.	48.81	-9.37	735.78	-0.30
8.	S.A.L Steel		1.98	₹31.44 Cr.	0.00	-₹0.72 Cr.	72.20	-25.41	97.88	11.25

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Monnet Ispat Energy Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020
Sales -	311	316	320	436	433	420	494	533	777	660	583	617
YOY Sales Growth %	-17.53%	16.20%	33.07%	25.20%	39.16%	32.93%	54.09%	22.25%	79.45%	57.35%	18.12%	15.86%
Expenses -	286	302	327	407	419	1,639	472	575	802	660	608	612
Material Cost %	75%	77%	82%	82%	80%	79%	78%	78%	70%	73%	81%	72%
Employee Cost %	8%	7%	6%	4%	4%	5%	4%	5%	4%	4%	5%	4%
Operating Profit	25	13	-6	29	14	-1,219	22	-42	-25	1	-25	5
OPM %	8%	4%	-2%	7%	3%	-290%	4%	-8%	-3%	0%	-4%	1%
Other Income	-45	3	2	-388	11	-1,543	5	12	6	4	4	13
Interest	291	278	302	310	327	16	49	53	62	62	63	65
Depreciation	89	91	90	82	88	82	56	51	53	53	53	57
Profit before tax	-400	-353	-397	-751	-390	-2,860	-78	-134	-135	-111	-137	-104
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-400	-353	-397	-751	-390	-2,860	-78	-134	-135	-111	-137	-104
EPS in Rs	-19.91	-17.59	-19.75	-37.41	-19.41	-87.60	-1.66	-3.52	-2.88	-2.37	-2.92	-2.22
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Sales -	1,549	1,481	1,573	1,897	1,957	2,277	3,186	4,001	1,238	1,383	1,879	2,638
Sales Growth %	33.70%	-4.39%	6.24%	20.62%	3.16%	16.34%	39.89%	25.60%	-69.06%	11.73%	35.87%	40.37%
Expenses -	1,174	1,017	1,134	1,420	1,479	1,880	3,048	4,440	1,317	1,321	3,282	2,682
Material Cost %	59%	50%	57%	60%	60%	64%	74%	42%	87%	78%	79%	74%
Manufacturing Cost %	9%	10%	6%	6%	9%	7%	8%	5%	6%	8%	13%	18%
Employee Cost %	4%	5%	5%	5%	6%	6%	6%	4%	8%	6%	5%	4%
Other Cost %	4%	4%	5%	4%	1%	5%	8%	60%	6%	5%	78%	5%
Operating Profit	375	464	439	477	479	398	138	-439	-79	62	-1,402	-44
OPM %	24%	31%	28%	25%	24%	17%	4%	-11%	-6%	4%	-75%	-2%
Other Income	32	32	29	62	71	81	-180	73	-176	-428	-1,336	26
Interest	71	93	33	89	122	243	665	980	1,117	1,183	448	253
Depreciation	65	72	74	74	89	139	281	359	356	352	276	217
Profit before tax	271	331	362	377	338	97	-989	-1,705	-1,729	-1,901	-3,461	-488
Tax %	20%	19%	22%	23%	26%	31%	20%	0%	-0%	0%	0%	0%
Net Profit	216	269	281	289	250	67	-796	-1,705	-1,734	-1,901	-3,461	-488
EPS in Rs	44.19	50.55	42.87	44.48	39.00	7.93	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Payout %	11%	10%	11%	6%	3%	10%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth

10 Years:: 5.95%
5 Years:: -3.70%
3 Years:: 28.68%
TTM:: 40.37%

Compounded Profit Growth

5 Years:: 1.93%
3 Years:: 18.87%
TTM:: 29.58%

Return on Equity

10 Years:: -28.24%
5 Years:: -10.03%
3 Years:: -15.92%
1 Year:: 25.51%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Share Capital -	48	54	64	64	239	241	241	201	343	349	996	996
Preference Capital	0	0	0	0	175	175	175	0	143	149	526	526
Equity Capital	48	52	64	64	64	66	66	201	201	201	470	470
Reserves	1,238	1,592	2,026	2,296	2,516	2,599	1,777	391	-1,347	-3,278	982	490
Borrowings	1,325	1,495	2,606	4,096	5,859	6,849	7,985	7,591	8,353	8,392	2,198	2,619
Other Liabilities -	346	417	481	452	933	1,174	1,211	1,992	1,991	2,895	1,073	1,184
Trade Payables	124	120	122	61	84	229	420	310	157	123	265	231
Advance from Customers	7	7	7	9	13	79	15	22	8	11	20	17
Other liability items	215	290	352	382	837	867	777	1,660	1,826	2,761	787	936
Total Liabilities	2,957	3,556	5,178	6,909	9,372	10,687	11,039	10,175	9,198	8,210	4,723	4,763
Fixed Assets -	1,127	1,128	1,094	1,379	1,388	4,399	6,969	6,687	6,361	6,017	3,373	3,249
Gross Block	1,366	1,439	1,477	1,836	1,933	5,083	7,960	7,942	7,970	7,978	7,978	8,069
Accumulated Depreciation	240	311	383	457	545	684	991	1,255	1,609	1,960	4,606	4,819
CWIP	310	721	1,065	2,022	3,683	2,168	189	139	157	166	154	238
Investments	216	545	550	591	932	1,067	1,144	1,068	1,059	623	1	1
Other Assets -	1,305	1,161	2,469	2,917	3,370	3,054	2,736	2,281	1,621	1,404	1,196	1,275
Inventories	184	219	360	562	779	1,067	1,034	637	399	321	738	859
Trade receivables	110	129	190	179	246	215	245	114	97	60	33	52
Cash Equivalents	246	205	687	873	719	88	104	178	77	103	213	165
Loans n Advances	683	592	761	780	733	950	1,529	1,173	1,013	881	184	150
Other asset items	82	16	471	522	893	733	-175	180	36	39	27	49
Total Assets	2,957	3,556	5,178	6,909	9,372	10,687	11,039	10,175	9,198	8,210	4,723	4,763

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Cash from Operating Activity -	41	450	-25	301	298	203	409	629	270	-28	-196	-197
Profit from operations	381	464	445	480	489	419	-150	-341	-75	19	33	0
Receivables	-344	104	-263	-107	-347	-82	306	-98	395	173	-117	-70
Inventory	37	-34	-142	-202	-217	-288	33	397	156	-63	-467	-235
Payables	27	8	57	242	463	205	251	675	-198	-149	356	111
Other WC items	0	0	0	0	-72	0	0	-4	-7	-8	0	-1
Working capital changes	-280	78	-348	-67	-173	-166	590	970	346	-46	-228	-196
Direct taxes	-31	-64	-86	-75	0	-40	-10	0	0	-1	-1	-1
Other operating items	-28	-28	-36	-37	-19	-11	-21	0	0	0	0	0
Cash from Investing Activity -	-270	-799	-814	-1,300	-2,062	-1,643	-929	12	-27	-12	641	-118
Fixed assets purchased	-156	-73	-40	-361	-98	-3,152	-2,881	-36	-48	-17	-48	-129
Fixed assets sold	1	0	0	3	0	0	2	-0	-0	-0	0	0
Capital WIP	-44	-412	-792	-956	-1,661	1,587	1,979	-0	-0	-0	-0	-0
Investments purchased	-77	-330	-5	-41	-360	-135	-77	-0	-0	-0	-0	-32
Investments sold	-0	-0	-0	-0	-0	-0	-0	2	0	0	-0	32
Interest received	24	12	20	53	56	56	47	46	21	5	14	10
Dividends received	1	3	2	3	0	0	0	0	0	0	-0	-0
Other investing items	-18	-0	-0	-0	-0	-0	-0	-0	-0	-0	675	-0
Cash from Financing Activity -	104	309	1,322	1,142	1,654	790	532	-815	-206	73	-371	186
Proceeds from shares	38	7	176	0	175	0	0	0	0	0	0	0
Proceeds from borrowings	133	216	1,177	0	0	0	0	151	93	82	0	421
Repayment of borrowings	0	0	0	0	0	0	0	0	-283	0	-252	0
Interest paid fin	-69	-58	-31	-86	-118	-239	-604	-966	-16	-10	-118	-234
Financial liabilities	0	0	0	0	0	0	0	0	0	0	0	-1
Share application money	1	0	0	0	0	0	0	0	0	0	0	0
Other financing items	0	145	0	1,228	1,597	1,029	1,136	0	0	0	0	0
Net Cash Flow	-125	-40	483	143	-110	-651	12	-174	37	33	74	-130

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Ratios

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
ROCE %	15%	14%	10%	8%	6%	4%	-1%	-8%	-5%	-4%	-5%	-6%
Debtor Days	26	32	44	34	46	34	28	10	29	16	6	7
Inventory Turnover	4.94	4.13	3.23	2.71	1.94	1.86	2.65	2.41	2.50	3.14	3.08	2.80

Announcements & News

Recent Announcements

Credit Ratings

Monnet Ispat and Energy Limited Mar 24 from care
Monnet Ispat and Energy Limited 2 Apr 2019 from care
Monnet Ispat and Energy Limited 3 Dec 2018 from care

Annual Reports

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.

Shepard Technologies Pvt. Ltd : 1808, Solus, Hiranandani Estate, Thane, Maharashtra - 400607

AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153

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