Gyscoal Alloys Ltd.
Snapshot View

3.67 -0.02 ▼-0.5%

20 May 2022, 04:00:00 PM
Volume: 118,370

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.gyscoal.com
Market Cap 58.40 Cr.
Enterprise Value(EV) 137.18 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) -0.36 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2022-03
Industry PE 5.20 Trailing Twelve Months Ending 2022-03
Book Value / Share -3.85 Trailing Twelve Months Ending 2022-03
Price to Book Value -0.95 Calculated using Price: 3.67
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 15.83 Cr. 158,275,560 Shares
FaceValue 1
Company Profile

Gyscoal Alloys incorporated as Shreenath Mineral Metal Private Limited on September 29, 1999 under the Companies Act, 1956 as a private limited company by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The company name was changed to Gyscoal Alloys Private Limited and a fresh Certificate of Incorporation consequent to the change of name was granted by Registrar of Companies, Gujarat on June 21, 2004. The company subsequently became a public limited Company and the company name changed to Gyscoal Alloys Limited and the fresh Certificate of Incorporation was granted to the company on March 21, 2006 by the Registrar of Companies, Gujarat.

Gyscoal Alloys Limited (GAL), a public limited company, was incorporated in the year 1999 as a private limited company. Initially, the Company started its business with the trading of iron and steel scraps, billets and steel long products. The company also decided to trade in mild steel products namely CTD Bars and TMT Bars. The company took over a steel rolling mill business with a capacity of 6000 MT per annum from Shah Alloys Group at Ubkhal, Mehsana and started manufacturing of rolled products in the year 2005. The rolling mill capacity was increased by another 12000 MT per annum to take the total rolling mill capacity to 18000 MT per annum in financial years (FYs) 2005-06. In the FYs 2006-07, the company further started its steel melting shop with a capacity of 12,000 MT per annum which was further increased to 18,000 MT per annum in the year 2008-09. Looking at the potential higher value addition in case of stainless steel products, the company decided to manufacture stainless steel long products in the FYs 2006-07. At present, the plant has the capacity to manufacture different grades of stainless steel products ranging between 200 series to 400 series.

The company has expanded in various ways keeping its focus on steel. At this stage, the company was able to provide its clientele a broad spectrum of products. In pursuance of its objectives, the company is committed to maintain high standards of quality, efficient delivery schedules, and competitive prices. At present, Company’s products portfolio includes angles, bright bars, black bars, flats, hexagonal and round corner squares (RCS) products which include channels, sections, pata-patti, full line of round corner squares (RCS) and rectangles in standard sizes. The company also manufactures squares and flat in sizes of the specification as per requirement of its customers.

The company’s products adhere to high quality standards and it has got ISO 9001:2008 certification for “the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots’ adhering to IS 2062 & IS 1786 from BSI Management Systems

Milestones:

1999-00

  • Company incorporation

2000-01

  • Equity share capital of Rs 2.20 lakh raised by issuing 22,000 equity shares.

2004-05

  • The company's name was changed from Shreenath Mineral Metal Private Limited to Gyscoal Alloys Private Limited.
  • Purchase of a steel rolling unit from Shah Alloys Group with an installed rolling capacity of 6,000 MTPA
  • Rs 95 lakh raised by way of term loan with UCO Bank.
  • Equity share capital of Rs 123.57 lakh raised by issuing 12,35,688 equity shares.

2005-06

  • The company's status changed from private limited company to public limited company with the name Gyscoal Alloys
  • Rs 625 lakh rose by way of term loan with UCO Bank.
  • Equity share capital of Rs 131.41 lakh raised by issuing 13,14,100 equity shares.
  • The rolling mill capacity was increased by another 12,000 MT per annum to take the total rolling mill capacity to 18,000 MT per annum in the FYs 2005-06.

2006-07

  • Gyscoal Alloys Limited got ISO 9001:2000 certification from BSI Management Systems
  • The company started its steel melting shop with a capacity of 12,000 MT per annum
  • Equity share capital of Rs 40 lakh raised by issuing 4,00,000 equity shares.

2007-08

  • Changes in the main objects of the object clause of the Memorandum of Association of the company
  • The company has initiated direct exports to various far east Asian countries.
  • Equity share capital of Rs 115.00 lakh raised by issuing 11,50,000 equity shares.
  • Rs 20 Lakh raised by the company by issuing 50,000 equity shares at a premium of Rs 30 per share.
  • Bonus issue in the ratio of 6:11 was made by the company by issuing 22,75,520 equity shares.
  • Rs 226.86 lakh raised by the company by issuing 1,41,786 equity shares at a premium of Rs 150 per share.

2008-09

  • The company increased the capacity of its steel melting shop to 18,000 MT per annum.

2009-10

  • The company has developed the Bright Bar Unit and started the operation of the unit during 2009-10.
  • Rescheduling of quarterly installments of the term loan with UCO Bank
  • Gyscoal Alloys got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots’ adhering to IS 2062 & IS 1786 from BSI Management Systems
  • Rs 1000.00 Lakh raised by the company by issuing 15,38,460 equity shares at a premium of Rs 55 per share.

Products:

  • Bars and Rods -The main raw material for manufacturing of steel bars is MS ingots/billets.
  • Structural -The company’s main concentration is stainless steel long products. Broadly, there are three distinct grades of stainless steels that are produced worldwide, comprising the 200 series, the 300 series and the 400 series. The company manufactures rolled steel angles, rolled from S.S. billet/ingot or flats or RCS. Besides these regular sizes of the above mentioned products, any specialized requirement from the client is also fulfilled at this plant.
  • Bright bars - Bright bars are used for mass production of high precision machined components required for automobiles, auto ancillaries, railways and other miscellaneous industry. Cold processing imparts the bar close tolerances. Due to this there is a considerable demand for bright bars in automobile industry. The company supplies bright bars in straight/HL, polishing/pealing/drawing/centre-less conditions with diameter or sizes ranging from 16 MM to 80 MM and maximum length of 6 meters.

Group Companies:

  • Gyscoal Enterprise - Gyscoal Enterprise incorporated on July 27, 1999 as a private limited company. At present, the company is engaged in the business of trading of scrap of iron & steel.
  • Torque Automotive - Torque Automotive incorporated on April 23, 2007 as a private limited company. At present, the Company is engaged in the business of dealership & service center of automobile vehicles.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.54%
1 Week
-6.62%
1 Month
-20.22%
3 Month
-18.63%
6 Month
+64.57%
1 Year
+15.05%
2 Year
+156.64%
5 Year
-49.10%
10 Year
+224.78%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 1.71 0.60 -0.01 -15.49 -7.79 -26.63 -42.38 -44.61
Return on Capital Employed (%) 7.57 6.76 6.45 -2.02 1.61 -6.57 -11.86 -9.18 -121.40
Return on Assets (%) 0.74 0.23 0.00 -5.44 -2.44 -7.49 -9.75 -7.43 -56.22

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 92 93 93 79 75 58 37 24 -50 -31
Non Curr. Liab. 34 28 26 28 16 3 0 0 6 56
Curr. Liab. 87 137 127 132 159 162 155 152 133 43
Minority Int. 2 2 2 0 0
Equity & Liab. 213 260 247 242 251 224 192 176 89 67
Non Curr. Assets 90 98 84 67 58 52 38 33 28 24
Curr. Assets 123 162 164 175 193 173 154 143 61 43
Misc. Exp. not W/O
Total Assets 213 260 247 242 251 224 192 176 89 67

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 299 284 182 159 173 95 148 65 13 20
Other Income 2 4 2 5 0 0 7 9 0 3
Total Income 300 289 183 164 173 95 155 73 13 23
Total Expenditure -284 -273 -166 -157 -161 -98 -157 -78 -94 -30
PBIDT 17 16 17 7 12 -3 -3 -4 -82 -7
Interest -10 -11 -11 -12 -12 -10 -7 -6 -6 0
Depreciation -4 -4 -6 -11 -9 -8 -7 -6 -5 -4
Taxation -1 0 -1 2 3 3 1 2 18 0
Exceptional Items -6
PAT 2 1 0 -13 -6 -18 -20 -14 -74 -11
Minority Interest 0
Share Associate
Other Related Items
Consolidated Net Profit 2 1 0 -13 -6 -18 -20 -14 -74 -11
Adjusted EPS 0 0 0 -1 0 -1 -1 -1 -5 -1

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 8 23 -7 -3 4 20 8 4 -19
Cash Fr. Inv. -7 -10 5 4 -2 -2 1 0 0
Cash Fr. Finan. -1 -10 -3 -1 -1 -19 -9 -4 18
Net Change 0 3 -6 -1 1 0 0 0 0
Cash & Cash Eqvt 6 9 3 3 1 1 0 0 0

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 64.87 64.88 64.88 64.88 64.94 60.24 54.13 51.50 51.56
Public 35.13 35.12 35.12 35.12 35.06 39.76 45.87 48.50 48.44
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 13 May 2022
Announcement under Regulation 30 (LODR)-Resignation of Director
With reference to above mentioned Subject we wish to inform you that Mr. Samir Sharadbhai Jani (DIN: 00504062) has tendered his resignation as an Independent Director of the Company with effect from May 13 2022.Consequently Mr. Samir Jani ceased to be a Member/ Chairperson of the Audit Committee Nomination and Remuneration Committee and Stakeholders Relationship Committee with effective from May 13 2022.
Wed, 11 May 2022
Disclosure Of Voting Result And Scrutinizer''s Report Of Extra Ordinary General Meeting Held On Monday May 09 2022 Through Video Conferencing / Other Audio Visual Means ('VC/OAVM').
This is to inform you that Extra Ordinary General Meeting (EGM) of the members of the Company was held at 01.00 p.m. (IST) on Monday May 09 2022 through the video conferencing or other audio visual means in compliance with directions issued by Ministry of Corporate Affairs and SEBI. All the resolutions contained in the notice of the EGM were passed by the shareholders. Pursuant to the Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed detailed voting result of the EGM along with Consolidated Scrutinizers Report on remote e-Voting and e-Voting during the EGM.
Wed, 11 May 2022
Disclosure of Voting results of EGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Gyscoal Alloys Ltd has informed BSE regarding the details of Voting results of EGM under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here

Technical Scans View Details

Fri, 20 May 2022
High Delivery Percentage High Delivery Percentage
High Decrease 1 Month High Decrease 1 Month
High Decrease 3 Months High Decrease 3 Months
High Increase 6 Months High Increase 6 Months
High Increase 2 Years High Increase 2 Years

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