Kanishk Steel Industries Ltd.
Snapshot View

23.40 +0.40 ▲1.7%

30 July 2021, 04:00:00 P.M.
Volume: 8,455

Overview View Details

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:

  • TMT Bars
  • Structurals
  • Sponge Iron
  • Trading of HMS and shredded scrap iron

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.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

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

Balance Sheet View Details

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

Profit Loss View Details

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

Cash Flow View Details

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

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 70.61 70.61 70.61 70.61 70.61 70.61 70.61 70.61 70.50
Public 29.39 29.39 29.39 29.39 29.39 29.39 29.39 29.39 29.50
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 5.58 5.58 5.58 12.32 12.32 12.32 12.32 12.32 12.33

Announcements View Details

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.

Sr. No. Particulars Details
1Name of CompayKANISHK STEEL INDUSTRIES LTD.
2CINL27109TN1995PLC067863
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 17.04
4Highest Credit Rating during the previous FY A4+
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


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.
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.
Wed, 14 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- V SUBRAMANI
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Thu, 29 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index

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