| Sector |
Iron & Steel
|
Compare with Sector peers |
| Industry |
Steel & Iron Products
|
Compare with Industry peers |
| Website | http://www.kanishksteels.in | |
| Financial Indicators | ||
|---|---|---|
| Market Cap | 66.54 Cr. | |
| Earnings per share (EPS) | 2.00 | Trailing Twelve Months Ending 2021-03 |
| Price-Earning Ratio (PE) | 11.71 | Trailing Twelve Months Ending 2021-03 |
| Industry PE | 16.50 | Trailing Twelve Months Ending 2021-03 |
| Book Value / Share | 19.03 | Trailing Twelve Months Ending 2021-03 |
| Price to Book Value | 1.23 | Calculated using Price: 23.40 |
| Dividend Yield | 0.00 | Period Ending 2020-03 |
| No. of Shares Subscribed | 2.84 Cr. | 28,436,074 Shares |
| FaceValue | 10 | |
| Company Profile | ||
|
Kanishk Steel Industries Ltd. was incorporated on March 1, 1989 as Kanishk Steel Industries Pvt.Ltd. and was converted into a Public Limited Company on April 24,1992. It is a part of OPG Enterprises Group. Kanishk Steel was promoted by late O.P Gupta, who established steel related business in Chennai, Salem and Mayavaram in Tamilnadu. Kanishk Steel Industries is an ISO 9001:2000 certified company listed in BSE. Kanishk Steel Industries has a turnover of Rs.273.93 crores and the group turnover is of Rs.500 Crore. Kanishk Steel employs around 450 people. The company manufactures steel products (finished goods) both Constructional steel and Structural steel conforming to the Bureau of Indian Standards BIS 1786 and IS 2062 (equivalent to ASTM, BS, DIN). . Kanishk Steel’s corporate office is located at N0.26, Mooker Nallamuthu Street, Chennai with its TMT Bars and Structurals manufacturing unit and sponge iron plant at Gummidipoondi. Kanishk Steel Industries has established facilities in Gummidipoondi, Thiruvallur district of Tamilnadu, which is about 40 kms from Chennai. The facility uses the latest technology machinery to manufacture top quality TMT bars, CTD bars; structural steel items like wire rods, joists, profiles, channels, rounds, angles, special profiles, wire rods, spring steel flats and carbon alloy construction steel. The Gummidipoondi facility has received the ISO 9001:2000 certification for the manufacturing and supply of TMT Bars and Structural steel products. The certification recognises the high-quality manufacturing system and success in giving the best for Kanishk Steel's customers. It confirms the quality of the services and operations of the company and underscores the value created for the customers. Kanishk Steel has the latest testing equipment - SpectroMAXx Spectrometer at its Gummidipoondi facility. With this, the testing equipment at the facility will be the best ensuring better, efficient, accurate and precise analysis in the quality of the products being manufactured. The SpectroMAXx will further enhance the existing stringent quality process at Kanishk Steel and provide competitive advantage in the entire process of manufacturing from selection of the raw material to the finished product. The SpectroMAXx has been specifically equipped for Kanishk Steel's requirements A sponge iron plant has been set up in Gummidipoondi with an annual capacity of 60,000 tons. The sponge iron from the plant is used as raw material for the steel mill, which will in turn be used for manufacturing TMT bars. It has the flexibility of using indigenous 100 per cent iron ore lumps or any mix of lump ore and pellets. Subsidiary of the company OPG energy- OPG Energy, the subsidiary of Kanishk Steel Industries Ltd., has 11 windmills in Coimbatore district and 2 windmills in Tirunelveli district of Tamilnadu. The total capacity of energy produced is 3.535 MW. The natural gas-based power-generating plant is situated in Myladuthurai, about 275 kms south of Chennai in Tamilnadu with an installed capacity of 17.98 MW energy. Product range of the company includes:
Clientele: The major clients of Kanishk Steel include BHEL, NLC, ICF, Department of Atomic Energy; State Government departments like TANSI, DRDA and others. Kanishk Steel also supplies to large private sector companies like ITD Cementation India, Singapore Realty and Shapoorji Pallonji,DLF and Khivraj Techpark amongst others . Achievements/ recognition: Kanishk Steel Industries is an ISO 9001:2000 certified company listed in BSE. |
||
Company Profile
Kanishk Steel Industries Ltd. was incorporated on March 1, 1989 as Kanishk Steel Industries Pvt.Ltd. and was converted into a Public Limited Company on April 24,1992. It is a part of OPG Enterprises Group. Kanishk Steel was promoted by late O.P Gupta, who established steel related business in Chennai, Salem and Mayavaram in Tamilnadu. Kanishk Steel Industries is an ISO 9001:2000 certified company listed in BSE.
Kanishk Steel Industries has a turnover of Rs.273.93 crores and the group turnover is of Rs.500 Crore. Kanishk Steel employs around 450 people. The company manufactures steel products (finished goods) both Constructional steel and Structural steel conforming to the Bureau of Indian Standards BIS 1786 and IS 2062 (equivalent to ASTM, BS, DIN). .
Kanishk Steel’s corporate office is located at N0.26, Mooker Nallamuthu Street, Chennai with its TMT Bars and Structurals manufacturing unit and sponge iron plant at Gummidipoondi.
Kanishk Steel Industries has established facilities in Gummidipoondi, Thiruvallur district of Tamilnadu, which is about 40 kms from Chennai. The facility uses the latest technology machinery to manufacture top quality TMT bars, CTD bars; structural steel items like wire rods, joists, profiles, channels, rounds, angles, special profiles, wire rods, spring steel flats and carbon alloy construction steel.
The Gummidipoondi facility has received the ISO 9001:2000 certification for the manufacturing and supply of TMT Bars and Structural steel products. The certification recognises the high-quality manufacturing system and success in giving the best for Kanishk Steel's customers. It confirms the quality of the services and operations of the company and underscores the value created for the customers.
Kanishk Steel has the latest testing equipment - SpectroMAXx Spectrometer at its Gummidipoondi facility. With this, the testing equipment at the facility will be the best ensuring better, efficient, accurate and precise analysis in the quality of the products being manufactured. The SpectroMAXx will further enhance the existing stringent quality process at Kanishk Steel and provide competitive advantage in the entire process of manufacturing from selection of the raw material to the finished product. The SpectroMAXx has been specifically equipped for Kanishk Steel's requirements
A sponge iron plant has been set up in Gummidipoondi with an annual capacity of 60,000 tons. The sponge iron from the plant is used as raw material for the steel mill, which will in turn be used for manufacturing TMT bars. It has the flexibility of using indigenous 100 per cent iron ore lumps or any mix of lump ore and pellets.
Subsidiary of the company
OPG energy- OPG Energy, the subsidiary of Kanishk Steel Industries Ltd., has 11 windmills in Coimbatore district and 2 windmills in Tirunelveli district of Tamilnadu. The total capacity of energy produced is 3.535 MW. The natural gas-based power-generating plant is situated in Myladuthurai, about 275 kms south of Chennai in Tamilnadu with an installed capacity of 17.98 MW energy.
Product range of the company includes:
Clientele:
The major clients of Kanishk Steel include BHEL, NLC, ICF, Department of Atomic Energy; State Government departments like TANSI, DRDA and others. Kanishk Steel also supplies to large private sector companies like ITD Cementation India, Singapore Realty and Shapoorji Pallonji,DLF and Khivraj Techpark amongst others .
Achievements/ recognition:
Kanishk Steel Industries is an ISO 9001:2000 certified company listed in BSE.
| 1 Day |
|
+1.74% |
| 1 Week |
|
+6.12% |
| 1 Month |
|
+24.87% |
| 3 Month |
|
+117.67% |
| 6 Month |
|
+106.53% |
| 1 Year |
|
+212.00% |
| 2 Year |
|
+192.50% |
| 5 Year |
|
+325.45% |
| 9 years | 2012-03 | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | |
| Return on Equity (%) | 3.40 | 1.85 | 3.67 | 0.78 | 12.55 | 1.20 | 3.91 | 9.80 | 4.30 | |
| Return on Capital Employed (%) | 7.17 | 7.54 | 18.80 | 14.05 | 21.08 | 11.42 | 13.65 | 20.26 | 6.41 | |
| Return on Assets (%) | 0.91 | 0.41 | 0.72 | 0.18 | 3.14 | 0.32 | 1.16 | 3.25 | 1.65 |
| Particulars | 9 years | 2012-03 Rs. Cr. | 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. |
| Shh. Funds | 88 | 41 | 42 | 43 | 47 | 46 | 47 | 51 | 53 | |
| Non Curr. Liab. | 89 | 19 | 5 | 4 | 4 | 3 | 3 | 3 | 2 | |
| Curr. Liab. | 130 | 131 | 100 | 96 | 106 | 89 | 84 | 74 | 62 | |
| Minority Int. | ||||||||||
| Equity & Liab. | 306 | 190 | 148 | 143 | 158 | 138 | 135 | 128 | 118 | |
| Non Curr. Assets | 105 | 30 | 29 | 26 | 26 | 20 | 20 | 19 | 20 | |
| Curr. Assets | 201 | 160 | 119 | 117 | 132 | 118 | 115 | 109 | 97 | |
| Misc. Exp. not W/O | ||||||||||
| Total Assets | 306 | 190 | 148 | 143 | 158 | 138 | 135 | 128 | 118 |
| Particulars | 9 years | 2012-03 Rs. Cr. | 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. |
| Net Sales | 602 | 440 | 293 | 304 | 273 | 229 | 235 | 330 | 256 | |
| Other Income | 3 | 1 | 11 | 1 | 11 | 7 | 1 | 2 | 4 | |
| Total Income | 605 | 441 | 304 | 305 | 283 | 236 | 236 | 332 | 260 | |
| Total Expenditure | -587 | -431 | -292 | -295 | -270 | -227 | -228 | -320 | -255 | |
| PBIDT | 18 | 10 | 11 | 10 | 13 | 8 | 8 | 13 | 5 | |
| Interest | -7 | -6 | -7 | -5 | -5 | -5 | -5 | -4 | -2 | |
| Depreciation | -7 | -2 | -2 | -4 | -2 | -1 | -1 | -1 | -1 | |
| Taxation | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -3 | 0 | |
| Exceptional Items | ||||||||||
| PAT | 3 | 1 | 1 | 0 | 5 | 0 | 2 | 4 | 2 |
| Particulars | 9 years | 2012-03 Rs. Cr. | 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. |
| Cash Fr. Operatn. | -4 | 7 | 18 | 13 | -12 | 17 | -3 | -7 | 3 | |
| Cash Fr. Inv. | -6 | 2 | -1 | 0 | 0 | -7 | 11 | -1 | 1 | |
| Cash Fr. Finan. | 10 | -9 | -18 | -15 | 14 | -10 | -8 | 8 | -4 | |
| Net Change | 1 | 0 | -1 | -2 | 2 | 0 | 0 | 0 | 0 | |
| Cash & Cash Eqvt | 8 | 7 | 6 | 5 | 6 | 1 | 0 | 0 | 0 |
|
Wed, 28 Jul 2021
Format of Initial Disclosure to be made by an entity identified as a Large Corporate Format of Initial Disclosure to be made by an entity identified as a Large Corporate.
We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No Name of the Company Secretary: V SUBRAMANI Designation: Company Secretary EmailId: company.secretary@kanishksteels.in Name of the Chief Financial Officer: ASHOK BOHRA Designation: Whole time Director and CFO EmailId: accounts@kanishksteels.in Date: 28/07/2021 Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. |
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Mon, 19 Jul 2021
Details Of Related Party Transactions For The Half Year Ended 31.03.2021. Pursuant to Regulation 23 (9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we submit the details of Related Party Transactions for the half year ended 31.03.2021. |
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Wed, 14 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
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| Thu, 29 Jul 2021 |
Stock Outperforming Benchmark Index in both 1 Week and 3 Month
|
Strongly Outperforming Benchmark Index
|
Decreasing Relative Strength - Benchmark index
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Strongly Outperforming Sectoral Index
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Decreasing Relative Strength - Sectoral index
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