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Fincash » Search » Tata Sponge Iron Ltd

Tata Sponge Iron Ltd

Updated on July 10, 2019

Stock/Share Code - TATASPONGE

Tata Sponge Iron is engaged in the manufacture of sponge iron and generation of power from waste heat.

Below is the details of TATASPONGE Tata Sponge Iron Ltd

Market Cap₹1,104 Cr.
Current Price ₹507.8 as on 16 Jul 19
52 Week High / Low Price₹1,161.05 / ₹660
Face Value₹10
Stock P/E8.88
Book Value₹640.54
Dividend Yield2.79 %
ROCE23.06 %
ROE15.22 %
Sales Growth (3yrs)0.45 %
SectorSteel
IndustrySteel - Sponge Iron
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Stock is trading at 1.12 times its book value Company has been maintaining a healthy dividend payout of 33.00%
Cons: The company has delivered a poor growth of 0.11% over past five years. Company has a low return on equity of 8.98% for last 3 years. Earnings include an other income of Rs.57.67 Cr.

Tata Sponge Iron Ltd Price Chart

Tata Sponge Iron Ltd Price Chart

Tata Sponge Iron 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 ₹145.25 ₹16,260.22 Cr. 0.00 -₹2,145.79 Cr. -1346.25 18.14 10158.95 3.47
2. Tata Sponge Iron 8.88 ₹1,103.8 Cr. 2.79 ₹24.37 Cr. -47.82 4.34 254.07 23.06
3. Tata Sponge Iron 8.87 ₹1,103.8 Cr. 2.79 ₹24.39 Cr. -47.76 4.34 254.07 23.06
4. Gallantt Ispat ₹36.4 8.88 ₹1,074.38 Cr. 0.13 ₹27.2 Cr. 7.54 37.08 312.56 12.40
5. Monnet Ispat ₹18.55 ₹979.01 Cr. 0.00 -₹134.15 Cr. 61.18 22.25 532.82 -4.33
6. MSP Steel & Pow. ₹6.55 ₹350.73 Cr. 0.00 ₹8.37 Cr. 183.62 49.60 493.06 4.87
7. Jai Balaji Inds. ₹23.55 ₹295.91 Cr. 0.00 ₹0.38 Cr. 100.56 33.62 773.78 -8.31
8. Lloyds Metals ₹39.15 11.74 ₹242.17 Cr. 0.00 ₹7.82 Cr. -21.80 18.16 128.90 26.44

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Tata Sponge Iron 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 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019
Sales107.92138.70143.52167.17175.02167.18214.47243.50260.94216.21260.83254.07
YOY Sales Growth %-23.97%-8.94%3.33%19.08%62.18%20.53%49.44%45.66%49.09%29.33%21.62%4.34%
Expenses99.77121.76132.75141.37136.42132.78166.35181.89200.69186.39230.48229.79
Material Cost %66.36%68.13%66.73%66.42%60.22%64.12%63.87%60.07%65.51%69.55%74.8%75.74%
Employee Cost %9.39%7.02%10.47%6.83%5.6%6.33%4.72%4.64%3.9%4.89%4.69%4.67%
Operating Profit8.1516.9410.7725.8038.6034.4048.1261.6160.2529.8230.3524.28
OPM %7.55%12.21%7.50%15.43%22.05%20.58%22.44%25.30%23.09%13.79%11.64%9.56%
Other Income9.569.258.589.6310.259.4711.6311.6611.8914.8615.9614.96
Interest0.560.560.860.460.460.132.330.330.310.302.110.30
Depreciation3.053.263.243.223.173.073.092.972.862.902.912.91
Profit before tax14.1022.3715.2531.7545.2240.6754.3369.9768.9741.4841.2936.03
Tax %25.32%28.25%28.13%33.23%32.42%32.11%33.76%33.26%33.96%33.41%35.09%32.36%
Net Profit10.5316.0510.9621.2030.5627.6135.9946.7045.5527.6226.8024.37
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales267451603514671619796777790574557800992
Sales Growth %44.34%68.64%33.75%-14.69%30.54%-7.78%28.53%-2.32%1.59%-27.36%-2.82%43.58%%
Expenses235306419390516506676632690549496617847
Material Cost %68.54%55.27%57.54%62.65%65.55%70.71%74.6%70.17%73.52%74.44%66.92%61.97%%
Manufacturing Cost %8.77%4.07%4.06%4.18%3.21%3.21%2.8%3.07%3.38%4.03%5.67%3.58%%
Employee Cost %4.95%3.42%3.17%3.78%2.97%3.28%3.64%3.45%4.45%5.92%8.31%5.22%%
Other Cost %12.55%6.16%5.78%6.42%6.63%6.95%3.87%5.25%6.1%11.37%8.03%6.39%%
Operating Profit32145184124155113120145992462183145
OPM %12%32%31%24%23%18%15%19%13%4%11%23%15%
Other Income19232022142332355537374358
Interest512500681355233
Depreciation13201819191818181313131212
Profit before tax331361811261501121261501364383210188
Tax %36%30%33%33%33%32%32%32%33%26%30%33%
Net Profit2196121851017685101923259141124
EPS in Rs13.1060.8476.9953.5664.5147.8454.1264.0057.6318.6738.1491.47
Dividend Payout %29%11%10%15%12%16%14%15%17%48%29%22%

Compounded Sales Growth

  • 10 Years:: 5.91%
  • 5 Years:: 0.11%
  • 3 Years:: 0.45%
  • TTM:: 23.98%

Compounded Profit Growth

  • 10 Years:: 4.30%
  • 5 Years:: 10.52%
  • 3 Years:: 15.32%
  • TTM:: -11.73%

Return on Equity

  • 10 Years:: 14.15%
  • 5 Years:: 10.56%
  • 3 Years:: 8.98%
  • Last Year:: 15.22%

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital15151515151515151515151515
Equity Capital15.415.415.415.415.415.415.415.415.415.415.415.4
Reserves1432283344054925536247077808118499711,016
Borrowings1478400000000000
Other Liabilities114148108127139172186222189174194241216
Trade Payables28.4561.5415.424.8426.3947.6452.355.6850.524553.2467.6360.18
Total Liabilities4204754585486467418269449841,0001,0591,2271,248
Fixed Assets252251223206189174162150148164155149144
Gross Block350.31368.92359.16359.25359.84362.42367.47367.09378.26168.59172.25178.17
Accumulated Depreciation98.26117.83135.72153.59171.11188.72205.83216.79230.664.8717.5429.17
CWIP13142112212161616209666
Investments11113425128205208285263200201
Other Assets153209212219411526521573609541636873897
Inventories18.8541.8150.7968.2862.6788.7458.6461.85108.4532.3649.0884.09102.16
Trade receivables10.3321.219.8737.5122.3327.5220.3626.078.8829.4335.7758.8156.61
Cash Equivalents79.9897.21114.693.31188.05220.66234.48269.3251.51252.05306.74421.61485.28
Loans n Advances44.3248.9227.1720.2316.3325.2736.4337.9943.9823.5930.8740.992.67
Total Assets4204754585486467418269449841,0001,0591,2271,248

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity531241158514266112101-16772241
Profit from operations49.71154.83193.07139.29158.04116.64123.53147.85100.1725.7363.16185.22
Working Capital Changes13.69-11.39-17.26-20.0831.74-10.1641.2510.73-47.5363.85-23.05-94.68
Taxes paid-10.12-19.13-60.4-34.42-48.14-40.18-52.84-57.99-68.85-12.51-18.43-49.44
Cash from Investing Activity-38-272-94-32-173-90-8916-5851-213
Fixed Assets Purchased-40.03-33.49-11.46-101.99-9.59-49.17-12.63-8.29-14.64-17.22-3.88-6.81
Fixed Assets Sold0.180.310.090.330.080.0600.030.020.070.070.01
Capital WIP0000.200000000
Investments purchased00000-255.22-540.5-391.25-1245.42-1027.65-658.63-497.57
Investments sold00000267.56445.11324.571242950.29680.74562.18
Cash from Financing Activity62-81-100-12-12-12-13-12-18-18-18-20
Proceeds from Borrowings76.17000.04014.5733.1400000
Repayment of Borrowings0-62.44-84.290-0.15-14.57000000
Interest Paid-7.97-12.03-4.63-0.250-0.15-1-0.03-0.07000
Dividends Paid-6.12-6.08-10.63-12.17-12.16-12.2-12.21-12.16-15.4-15.19-15.32-16.74
Net Cash Flow771717-2197-1199-1-18055-192

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %11%45%55%33%32%22%22%24%19%6%10%23%
Debtor Days1417122712169124192327
Inventory Turnover11.0514.8613.028.6410.258.1810.8012.909.278.1513.6912.02

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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.