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Skm Steels Limited
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Registered Details

SKM STEELS LIMITED

Active

Updated: 03 Oct 2024

Skm Steels Limited, is an unlisted public company incorporated on 01 December, 1994. It is classified as a public limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 16.50 cr and the total paid-up capital is INR 6.86 cr.

Skm Steels Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has decreased by 9.71% over the previous year. At the same time, it's book networth has increased by 18.3%.

Industry

Manufacturing (Metals & Chemicals and their products)

Products

galvanized plain steel products, aluminum products, stainless steel wire rods, stainless steel bright round bars, include billet/black bars, hot rolled and cold rolled products

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

13.98%

₹ 3,425.1

EBITDA

-9.23%

₹ 112.0

Net Profit

-26.2%

₹ 49.1

Networth

11.44%

₹ 478.7

Borrowings

-10.41%

₹ 253.3

Assets

17.79%

₹ 1,131.6

Gross Margin

-1.25

7.2 %

Operating Margin

-0.84

3.3 %

Net Profit Margin

-0.78

1.4 %

Return on Equity

-5.23

10.2 %

ROCE

-5.02

21.1 %

Debt to Equity

-0.13

0.5

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (45)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

PAYABLES DETERIORATING
LOW CASH BALANCE

Low Risk

GROSS MARGINS DETERIORATING
NET MARGIN DETERIORATING
ROCE DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,541.5	1,371.2	2,511.3	3,005.1	3,425.1
Operating profit	65.7	89.3	136.6	123.4	112.0
Net profit	18.9	37.4	84.1	66.5	49.1
Gross margin	9.8	11.7	9.2	8.4	7.2
Operating margin	4.3	6.5	5.4	4.1	3.3
Net margin	1.2	2.7	3.3	2.2	1.4
Networth	244.1	281.4	363.1	429.6	478.7
Borrowings	273.0	230.0	311.1	282.7	253.3
Assets	560.0	580.0	814.6	960.7	1,131.6
Debt to equity	1.1	0.8	0.9	0.7	0.5
Current ratio	1.9	2.0	1.7	1.7	1.5
ROE	7.8	13.3	23.1	15.5	10.2
Days payable	8.0	12.0	17.0	27.0	41.0
WC days	54.0	66.0	39.0	39.0	34.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	6.9	6.9	4.9	4.9	4.9
Reserves	237.3	274.5	358.3	424.8	473.9
Borrowings +	273.0	230.0	311.1	282.7	253.3
Long term borrowings	68.1	47.5	43.0	33.4	50.2
Short term borrowings	204.9	182.5	268.1	249.3	203.1
Trade payables +	29.8	40.6	103.3	205.0	359.9
Days payable	8.0	12.0	17.0	27.0	41.0
Other liabilities +	42.9	68.6	140.4	248.4	399.6
Other non-current liabilities	3.0	2.8	5.8	5.7	6.2
Other current liabilities	10.2	25.1	31.2	37.7	33.5
Total liabilities	560.0	580.0	814.6	960.7	1,131.6
Fixed Assets +	75.6	71.9	109.7	116.7	165.3
Tangible assets	69.2	65.5	103.4	99.8	135.6
CWIP	6.4	6.4	5.7	16.5	28.8
Intangible assets	-	-	0.5	0.4	0.9
LT loans and advances	7.3	9.3	19.9	16.5	29.7
Other non-current assets	2.6	2.9	11.0	10.4	21.8
Current assets +	474.5	495.8	674.0	817.1	914.9
Inventories	126.2	158.9	272.9	285.4	355.7
Trade receivables	307.8	295.2	339.0	419.3	425.2
Cash and cash equivalents	1.3	11.5	21.7	15.2	42.9
ST loans and advances	38.9	29.9	0.2	1.9	4.4
Other current assets	0.3	0.3	40.1	95.3	86.7
Total assets	560.0	580.0	814.6	960.7	1,131.6

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.22	1.18	0.6	0.51	0.43
Reserves	42.37	47.33	43.98	44.21	41.88
Borrowings +	48.75	39.66	38.19	29.42	22.38
Long term borrowings	12.16	8.19	5.28	3.48	4.43
Short term borrowings	36.59	31.47	32.91	25.95	17.95
Trade payables	5.31	7.01	12.69	21.34	31.8
Other liabilities +	7.66	11.83	17.23	25.86	35.31
Other non-current liabilities	0.53	0.49	0.71	0.6	0.55
Other current liabilities	1.82	4.33	3.84	3.92	2.96
Total liabilities
Fixed Assets +	13.51	12.4	13.47	12.15	14.6
Tangible assets	12.36	11.29	12.7	10.39	11.98
CWIP	1.15	1.11	0.71	1.72	2.54
Intangible assets	0.0	0.0	0.07	0.04	0.08
LT loans and advances	1.3	1.61	2.44	1.72	2.62
Other non-current assets	0.46	0.5	1.35	1.08	1.93
Current assets +	84.74	85.49	82.73	85.05	80.85
Inventories	22.54	27.41	33.5	29.71	31.43
Trade receivables	54.97	50.89	41.62	43.65	37.57
Cash and cash equivalents	0.23	1.98	2.66	1.58	3.79
ST loans and advances	6.95	5.16	0.02	0.19	0.39
Other current assets	0.05	0.06	4.93	9.92	7.66
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	6.9	6.9	4.9	4.9	5.0
Reserves	234.3	272.0	356.9	425.3	480.2
Borrowings +	328.1	281.1	351.8	326.6	288.1
Long term borrowings	116.0	92.0	83.7	77.4	85.0
Short term borrowings	212.1	189.1	268.1	249.3	203.1
Trade payables +	49.8	63.2	126.4	208.7	362.9
Days payable	13.0	19.0	20.0	27.0	41.0
Other liabilities +	63.5	91.4	165.6	269.6	415.9
Other non-current liabilities	2.9	2.8	5.8	5.7	6.2
Other current liabilities	10.8	25.4	33.5	55.1	46.8
Total liabilities	632.8	651.4	879.2	1,026.4	1,189.2
Fixed Assets +	75.9	72.1	112.1	120.2	175.3
Tangible assets	69.5	65.7	105.8	102.5	142.3
CWIP	6.4	6.4	5.8	17.4	32.1
Intangible assets	-	-	0.5	0.4	0.9
LT loans and advances	5.6	4.8	4.6	1.4	10.2
Other non-current assets	4.3	4.9	11.0	10.3	20.1
Current assets +	547.0	569.6	751.6	894.6	983.6
Inventories	195.9	229.1	334.4	338.9	400.9
Trade receivables	308.3	295.8	350.5	436.4	445.2
Cash and cash equivalents	1.3	11.8	23.3	17.4	41.3
ST loans and advances	41.2	32.5	-	-	8.1
Other current assets	0.3	0.3	43.4	102.0	88.1
Total assets	632.8	651.4	879.2	1,026.4	1,189.2

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.08	1.05	0.56	0.48	0.42
Reserves	37.03	41.76	40.6	41.44	40.38
Borrowings +	51.85	43.15	40.01	31.82	24.23
Long term borrowings	18.33	14.12	9.52	7.54	7.15
Short term borrowings	33.52	29.03	30.49	24.28	17.08
Trade payables	7.87	9.7	14.37	20.33	30.51
Other liabilities +	10.04	14.04	18.84	26.26	34.97
Other non-current liabilities	0.46	0.43	0.66	0.56	0.52
Other current liabilities	1.71	3.91	3.81	5.37	3.94
Total liabilities
Fixed Assets +	12.0	11.07	12.75	11.71	14.74
Tangible assets	10.98	10.08	12.04	9.98	11.96
CWIP	1.01	0.99	0.65	1.69	2.7
Intangible assets	0.0	0.0	0.06	0.03	0.08
LT loans and advances	0.89	0.74	0.52	0.13	0.86
Other non-current assets	0.67	0.75	1.25	1.0	1.69
Current assets +	86.44	87.44	85.48	87.16	82.71
Inventories	30.95	35.17	38.03	33.01	33.72
Trade receivables	48.72	45.42	39.86	42.52	37.44
Cash and cash equivalents	0.21	1.82	2.65	1.69	3.47
ST loans and advances	6.52	4.99	0.0	0.0	0.68
Other current assets	0.04	0.05	4.94	9.93	7.41
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,541.5	1,371.2	2,511.3	3,005.1	3,425.1
Sales growth %	-5.58	-11.05	83.15	19.66	13.98
Expenses +	1,516.3	1,309.0	2,408.8	2,922.7	3,364.7
Cost of goods	1,390.0	1,211.2	2,280.2	2,752.6	3,180.2
Employee cost	19.5	20.1	28.2	31.1	32.4
Other costs	66.3	50.5	66.2	98.1	100.5
Operating profit +	65.7	89.3	136.6	123.4	112.0
Operating margin %	4.3	6.5	5.4	4.1	3.3
Other income	1.1	0.6	12.6	8.4	9.3
Interest	34.2	21.3	27.2	32.8	41.4
Depreciation	6.3	5.8	7.0	8.2	10.2
Exceptional items	-	-	-	-	-
Profit before tax	25.0	62.2	115.0	90.8	69.8
Tax	6.0	24.8	31.0	24.3	20.7
Profit - disc. ops	-	-	-	-	-
Net profit	18.9	37.4	84.1	66.5	49.1
Net margin %	1.2	2.7	3.3	2.2	1.4

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.93	99.96	99.5	99.72	99.73
Expenses +	98.3	95.42	95.44	96.99	97.97
Cost of goods	90.11	88.3	90.34	91.34	92.6
Employee cost	1.27	1.47	1.12	1.03	0.94
Other costs	4.3	3.68	2.62	3.25	2.93
Operating profit	4.26	6.51	5.41	4.09	3.26
Other income	0.07	0.04	0.5	0.28	0.27
Interest	2.22	1.55	1.08	1.09	1.21
Depreciation	0.41	0.42	0.28	0.27	0.3
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	1.62	4.53	4.56	3.01	2.03
Tax	0.39	1.81	1.23	0.81	0.6
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.23	2.72	3.33	2.21	1.43

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,554.4	1,381.5	2,547.0	3,057.6	3,478.5
Sales growth %	-5.16	-11.12	84.37	20.05	13.76
Expenses +	1,528.5	1,318.8	2,443.0	2,973.3	3,419.6
Cost of goods	1,391.4	1,211.5	2,306.4	2,797.5	3,228.3
Employee cost	20.1	20.8	29.9	32.7	34.5
Other costs	68.8	51.9	68.2	99.3	102.5
Operating profit +	74.0	97.3	142.5	128.2	113.2
Operating margin %	4.8	7.0	5.6	4.2	3.2
Other income	1.1	0.7	12.2	7.7	12.1
Interest	41.7	28.7	31.5	35.6	44.1
Depreciation	6.4	5.9	7.0	8.2	10.2
Exceptional items	-	-	-	-	-
Profit before tax	25.7	62.8	116.1	92.0	71.0
Tax	6.0	25.0	31.3	24.4	21.1
Profit - disc. ops	-	-	-	-	-
Net profit	19.7	37.8	84.9	67.7	49.9
Net margin %	1.3	2.7	3.3	2.2	1.4

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.93	99.95	99.53	99.75	99.65
Expenses +	98.26	95.41	95.46	97.0	97.97
Cost of goods	89.45	87.65	90.12	91.26	92.49
Employee cost	1.29	1.5	1.17	1.07	0.99
Other costs	4.43	3.75	2.67	3.24	2.94
Operating profit	4.76	7.04	5.57	4.18	3.24
Other income	0.07	0.05	0.47	0.25	0.35
Interest	2.68	2.08	1.23	1.16	1.26
Depreciation	0.41	0.43	0.27	0.27	0.29
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	1.65	4.54	4.54	3.0	2.03
Tax	0.39	1.81	1.22	0.8	0.61
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.27	2.74	3.32	2.21	1.43

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.1	0.8	0.9	0.7	0.5
Net Debt/Equity	1.1	0.8	0.8	0.6	0.4
Total Debt/Assets	0.5	0.4	0.4	0.3	0.2
Total Assets/Equity	2.3	2.1	2.2	2.2	2.4
Liquidity +
Current Ratio	1.9	2.0	1.7	1.7	1.5
Quick Ratio	1.4	1.4	1.0	1.1	0.9
Interest Coverage	1.9	4.2	5.0	3.8	2.7
Performance
Gross Margin	9.8	11.7	9.2	8.4	7.2
Operating Margin	4.3	6.5	5.4	4.1	3.3
Net Margin	1.2	2.7	3.3	2.2	1.4
Return +
Return on Equity	7.8	13.3	23.1	15.5	10.2
Pre-tax ROCE	19.4	26.1	34.0	26.1	21.1
Return on Assets	3.4	6.4	10.3	6.9	4.3
Pre-tax ROIC	11.5	16.7	19.9	16.5	14.8
Efficiency +
Days Payable	8.0	12.0	17.0	27.0	41.0
Days Inventory	33.0	48.0	44.0	38.0	41.0
Days Receivable	73.0	79.0	49.0	51.0	45.0
Fixed Asset Turnover	20.4	19.1	22.9	25.7	20.7
Total Asset Turnover	2.8	2.4	3.1	3.1	3.0
Working Capital
Cash Conversion Cycle	98.0	115.0	76.0	62.0	45.0
Working Capital Days	54.0	66.0	39.0	39.0	34.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.4	1.0	1.0	0.8	0.6
Net Debt/Equity	1.4	1.0	0.9	0.7	0.5
Total Debt/Assets	0.5	0.4	0.4	0.3	0.2
Total Assets/Equity	2.6	2.3	2.4	2.4	2.5
Liquidity +
Current Ratio	2.0	2.0	1.8	1.7	1.6
Quick Ratio	1.3	1.2	1.0	1.1	0.9
Interest Coverage	1.8	3.4	4.5	3.6	2.6
Performance
Gross Margin	10.5	12.3	9.4	8.5	7.2
Operating Margin	4.8	7.0	5.6	4.2	3.2
Net Margin	1.3	2.7	3.3	2.2	1.4
Return +
Return on Equity	8.2	13.6	23.4	15.7	10.3
Pre-tax ROCE	19.3	25.1	31.1	23.9	18.9
Return on Assets	3.1	5.8	9.7	6.6	4.2
Pre-tax ROIC	11.9	16.7	19.6	16.2	14.1
Efficiency +
Days Payable	13.0	19.0	20.0	27.0	41.0
Days Inventory	51.0	69.0	53.0	44.0	45.0
Days Receivable	72.0	78.0	50.0	52.0	47.0
Fixed Asset Turnover	20.5	19.2	22.7	25.4	19.8
Total Asset Turnover	2.5	2.1	2.9	3.0	2.9
Working Capital
Cash Conversion Cycle	110.0	128.0	83.0	69.0	51.0
Working Capital Days	64.0	77.0	46.0	46.0	39.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Chirag Shantilal Shah	00081637	25 years
Whole-time Director	Kalpesh Harilal Chowdhary	00084800	14 years
Whole-time Director	Amit Kirtilal Shah Shareholder	00105932	24 years
Director	Ram Anugrah Singh	00369580	10 years
Director	Gautam Vinodkumar Saraf	02624109	8 years
Director	Neha Saraf	03022483	10 years
CS	Deepika Mahadev Andurlekar	<HIDDEN>	9 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SKM INDUSTRIES PRIVATE LIMITED	Amalgamated	21.2 L	2	Maharashtra
SKM CAPITAL & HOLDINGS PRIVATE LIMITED	Amalgamated	50.0 L	2	Maharashtra
SUN-N-SHINE ENTERTAINERS PRIVATE LIMITED	Active	4.5 L	2	Maharashtra
MAHIMA INFRASTRUCTURES PRIVATE LIMITED	Active	2.0 L	1	Madhya Pradesh
SKM METAL PROCESSORS PRIVATE LIMITED	Amalgamated	1.5 Cr	2	Maharashtra
STEEL USERS FEDERATION OF INDIA	Active	0.0	1	Maharashtra
SHASWAT REALTORS PRIVATE LIMITED	Active	1.0 Cr	1	Maharashtra
SHASHVAT VIVAN INFRATECH PRIVATE LIMITED	Active	10.2 L	1	Maharashtra
SHASHVAT NESTS PRIVATE LIMITED	Active	1.0 L	2	Maharashtra
DHRUVAH VENTURES PRIVATE LIMITED	Active	1.1 Cr	1	Maharashtra
SKM SHARDA INDUSTRIES PRIVATE LIMITED	Active	5.0 L	1	Madhya Pradesh
VERO STELLA JEWELS LLP	Active	10.0 L	1	Maharashtra
SKM CONSTRUCTIONS PRIVATE LIMITED	Active	3.1 L	2	Maharashtra
SHREE PARUL DEVELOPERS PRIVATE LIMITED	Amalgamated	60.0 L	2	Maharashtra
SKM REALTY PRIVATE LIMITED	Amalgamated	90.0 L	2	Maharashtra
KHYATI FINCAP LIMITED	Active	55.4 L	2	Gujarat
SAK INFRATECH DEVELOPERS PRIVATE LIMITED	Strike Off	1.0 L	2	Maharashtra
SKM KALYANI FOUNDATION	Active	0.0	1	Maharashtra
HARI KRUPA REALTY PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
SAK BUILDERS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
JUVENILE CAPFIN PRIVATE LIMITED	Amalgamated	3.6 L	1	Maharashtra
SKM ALLOYS PRIVATE LIMITED	Amalgamated	50.0 L	1	Maharashtra
SHREE KALYANIDEVI INFRATECH LLP	Active	50,000.0	1	Maharashtra
WHITE BERRY REALSPACES LLP	Active	1.0 L	1	Maharashtra
NRS LIFESPACES LLP	Defunct	50,000.0	1	Maharashtra
SKM Stainox LLP	Inactive for e-filing	1.0 L	1	ja
V & G COMMERCIAL PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
ARKA RESOURCES PRIVATE LIMITED	Active	1.5 L	1	Maharashtra
REGAL COMMODEAL PRIVATE LIMITED	Active	19.9 L	1	West Bengal
ARKA VENTURES PRIVATE LIMITED	Active	1.0 L	2	Maharashtra
SANDBOX SOLUTIONS LLP	Active	1.0 L	2	Maharashtra
AERATO INFOTECH PRIVATE LIMITED	Strike Off	4.8 L	1	Karnataka

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
MAHIMA INFRASTRUCTURES PRIVATE LIMITED	Madhya Pradesh	2007	₹ 2.0 L

Registered Details

CIN

U27100MH1994PLC083403

PAN

AADCS7801F

Incorporation

1994, 30.4 years

Company Email

cskhyatishah@gmail.com

Paid up Capital

₹ 6.9 Cr

Authorised Capital

₹ 16.5 Cr

AGM

Sep 2023

Type

Public

Non-government Company

FAQ - SKM STEELS LIMITED

What is the incorporation date of SKM STEELS LIMITED?

The incorporation date of SKM STEELS LIMITED is 01 December, 1994

What is the authorized share capital of SKM STEELS LIMITED?

The authorized share capital of SKM STEELS LIMITED is INR ₹ 16.5 Cr.

What is the paid-up capital of SKM STEELS LIMITED?

The paid-up capital of SKM STEELS LIMITED is INR ₹ 6.9 Cr.

What is the registered address of SKM STEELS LIMITED?

The registered address of SKM STEELS LIMITED is SKM House, Floor 2, 12, Khetwadi 6th Lane, Girgaon Mumbai Mumbai City Maharashtra - 400004

What is the CIN number of SKM STEELS LIMITED?

The CIN number of SKM STEELS LIMITED is U27100MH1994PLC083403.

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Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

SKM STEELS LIMITED

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