Nova Iron & Steel Ltd.
Snapshot View

17.80 +0.75 ▲4.4%

30 July 2021, 04:00:00 P.M.
Volume: 9,280

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.novaironsteel.com
Financial Indicators
Market Cap 62.88 Cr.
Earnings per share (EPS) -1.89 Trailing Twelve Months Ending 2020-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2020-12
Industry PE 16.06 Trailing Twelve Months Ending 2020-12
Book Value / Share -5.21 Trailing Twelve Months Ending 2020-12
Price to Book Value -3.34 Calculated using Price: 17.40
Dividend Yield 0.00 Period Ending 2019-03
No. of Shares Subscribed 3.61 Cr. 36,139,488 Shares
FaceValue 10
Company Profile

Nova Iron & Steel was incorporated in the year 1989.  The company is promoted by Nova Magnetics, Nova Electro-Magnetics and Nova Steels, all belonging to R.K. Gambhir and G. K. Gambhir of the Nova RG group. The registered office is at Dagori village, Belha tehsil, Bilaspur - 495224, Chattisgarh.

The company engages in the manufacture and sale of sponge iron in India. The company also provides product separation, screening, and storage facilities. During the year 1993-94, the company came out with a public issue of 5, 27, 00,000 equity shares of Rs 10 each for cash to part finance their sponge iron project at Bilaspur, Madhya Pradesh. In July 15, 1994, the company inaugurated the sponge iron plant at Bilaspur. In September 26, 1994, they started trial production.

The company entered into agreement with Nova Steels (India) for the supply of entire production of sponge iron. During the year 1994-95, the company started selling their products in the market. The company’s project is one of the initial coal-based Sponge Iron Projects in India with the Technical knowhow from Lurgi Chemie MetaHurgie Industriebau GmbH, Germany.  The company was declared a sick industrial unit by the Board for Industrial and Financial Reconstruction (BIFR) vide its order dated June 23, 1998 and continues to be registered with BIFR.

The entire one-time settlement amount has been paid off, and there are no secured loans and thus no interest burden now. The company has started generating profits and the management is focusing on an expansion plan.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.40%
1 Week
+4.71%
1 Month
+0.45%
3 Month
+40.82%
6 Month
+102.27%
1 Year
+298.21%
2 Year
+137.33%
5 Year
+137.02%
9 years 2011-06 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03
Return on Equity (%) -20.77 -45.52 -18.89 25.74 -6.74 -16.96 10.22 8.16 2.09
Return on Capital Employed (%) -17.93 -17.09 2.76 15.37 2.54 0.88 4.24 3.67 0.33
Return on Assets (%) -16.59 -19.75 -4.19 4.78 -0.89 -1.52 0.81 0.67 0.15

Balance Sheet View Details

Particulars 9 years 2011-06 Rs. Cr. 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.
Shh. Funds 44 28 24 31 29 24 26 29 30
Non Curr. Liab. 1 1 1 1 10 7 8 7 3
Curr. Liab. 5 81 93 143 234 283 284 322 432
Minority Int.
Equity & Liab. 50 111 117 174 272 314 319 358 465
Non Curr. Assets 20 51 86 162 250 275 305 337 387
Curr. Assets 29 60 31 12 22 39 14 20 78
Misc. Exp. not W/O 0
Total Assets 50 111 117 174 272 314 319 358 465

Profit Loss View Details

Particulars 9 years 2011-06 Rs. Cr. 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.
Net Sales 8 72 121 53 9 16 53 20 4
Other Income 1 5 0 0 0 0 0 2 2
Total Income 9 78 122 53 9 16 53 21 5
Total Expenditure -14 -88 -116 -35 -10 -15 -43 -11 -7
PBIDT -5 -10 6 19 0 1 11 10 -2
Interest -1 -3 -7 -9 -6 -6 -7 -7 0
Depreciation -3 -2 -3 -3 -2 -1 -1 -1 -1
Taxation 0 0 0 0 0 0 0 0 0
Exceptional Items 6 2 4
PAT -9 -16 -5 7 -2 -4 3 2 1

Cash Flow View Details

Particulars 9 years 2011-06 Rs. Cr. 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.
Cash Fr. Operatn. -5 -53 35 86 1 13 33 -3 -48
Cash Fr. Inv. 0 -31 -38 -78 -88 -28 -31 -32 -50
Cash Fr. Finan. 10 69 -3 -8 88 15 -2 35 99
Net Change 6 -14 -6 -1 0 0 0 0 0
Cash & Cash Eqvt 21 7 1 1 0 0 1 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 69.81 69.81 69.81 69.81 69.81 69.80 69.81 69.81 69.81
Public 30.19 30.19 30.19 30.19 30.19 30.20 30.19 30.19 30.19
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

Wed, 28 Jul 2021
Closure of Trading Window
In accordance with the provisions of SEBI (Prohibition of Insider Trading) (Second amendment) Regulation 2019 the Trading Window for dealing in securities of the company shall remain closed for directors and designated employees from the end of the quarter 30/06/2021 till 48 hours after the declaration of financial results.
Wed, 21 Jul 2021
Shareholding for the Period Ended June 30 2021
Nova Iron & Steel Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
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 :- Dheeraj Kumar
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing 20 EMA From Below Close Crossing 20 EMA From Below
+DI Crossing -DI From Below +DI Crossing -DI From Below

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