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EVONITH VALUE STEEL LIMITED

Active
Updated: 25 Oct 2024

The company manufactures and markets steel products.

Evonith Value Steel Limited, is a listed public company incorporated on 27 April, 1970. It is classified as a public limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 2,000.00 cr and the total paid-up capital is INR 42.11 cr.

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Industry

Manufacturing (Metals & Chemicals and their products)
Products
  • as well as GP coils., plates, hot rolled products, cut to length sheets, including HR coils, and P and O sheets; cold rolled full hard products comprising CRFH coils and sheets; and galvanized hard corrugated sheets and soft coils
Key Metrics

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

Sales
16.84%
₹ 4,380.2
EBITDA
533.13%
₹ 101.5
Net Profit
-
₹ -100.5
Networth
-6.86%
₹ 1,357.7
Borrowings
-5.77%
₹ 736.9
Assets
-1.5%
₹ 2,806.7
Gross Margin
-0.51
21.6 %
Operating Margin
1.89
2.3 %
Net Profit Margin
2.17
-2.3 %
Return on Equity
4.11
-7.4 %
ROCE
3.2
-1.8 %
Debt to Equity
-
0.5
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (3)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
  • WILLFUL DEFAULTER
Moderate Risk
  • LOSS MAKING
  • LOW ROCE
  • LOW CASH BALANCE
Low Risk
  • GROSS MARGINS 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.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,988.9 2,298.3 4,787.1 3,748.8 4,380.2
Operating profit -242.2 25.6 702.1 16.0 101.5
Net profit -364.0 3,384.1 346.2 -167.8 -100.5
Gross margin 24.4 31.1 33.5 22.1 21.6
Operating margin -12.2 1.1 14.7 0.4 2.3
Net margin -17.8 145.3 7.2 -4.4 -2.3
Networth -2,066.8 1,361.3 1,624.7 1,457.7 1,357.7
Borrowings 1,443.1 704.4 723.2 782.0 736.9
Assets 2,868.6 2,707.2 2,943.3 2,849.4 2,806.7
Debt to equity -0.7 0.5 0.5 0.5 0.5
Current ratio 0.1 1.2 3.8 3.2 2.5
ROE - 248.6 21.3 -11.5 -7.4
Days payable 288.0 96.0 13.0 16.0 20.0
WC days -541.0 14.0 55.0 60.0 42.0
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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 660.8 40.0 42.1 42.1 42.1
Reserves -2,727.7 1,321.3 1,582.6 1,415.6 1,315.6
Borrowings + 1,443.1 704.4 723.2 782.0 736.9
Long term borrowings 292.8 704.4 723.2 713.9 653.5
Short term borrowings 1,150.3 - - 68.1 83.3
Trade payables + 1,187.3 415.1 116.8 125.1 189.5
Days payable 288.0 96.0 13.0 16.0 20.0
Other liabilities + 3,492.4 641.6 595.4 609.8 712.2
Other non-current liabilities 1,177.1 128.1 343.4 402.0 445.7
Other current liabilities 1,128.0 98.5 135.2 82.7 77.0
Total liabilities 2,868.6 2,707.2 2,943.3 2,849.4 2,806.7
Fixed Assets + 2,156.9 1,978.7 1,954.8 1,866.6 1,780.1
Tangible assets 2,156.9 1,976.4 1,762.8 1,660.4 1,723.1
CWIP - - 7.2 33.9 54.0
Intangible assets - 2.3 184.8 172.3 3.0
LT loans and advances - - - - -
Other non-current assets 191.8 124.3 21.3 93.1 170.4
Current assets + 519.9 604.2 967.2 889.7 856.2
Inventories 209.6 223.6 373.3 395.0 325.7
Trade receivables 137.3 81.8 56.1 58.6 158.9
Cash and cash equivalents 63.6 113.1 126.1 24.4 34.8
ST loans and advances - - - - -
Other current assets 109.4 185.7 411.6 411.7 336.8
Total assets 2,868.6 2,707.2 2,943.3 2,849.4 2,806.7
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,988.9 2,298.3 4,787.1 3,748.8 4,380.2
Sales growth % -19.39 15.56 108.29 -21.69 16.84
Expenses + 2,349.3 2,413.4 4,327.5 4,004.4 4,558.8
Cost of goods 1,503.9 1,584.8 3,181.8 2,921.9 3,436.3
Employee cost 68.9 71.6 78.3 88.9 89.3
Other costs 658.3 616.4 824.9 722.0 753.0
Operating profit + -242.2 25.6 702.1 16.0 101.5
Operating margin % -12.2 1.1 14.7 0.4 2.3
Other income 51.8 29.9 30.4 30.4 42.1
Interest 4.1 30.0 125.1 132.2 138.2
Depreciation 114.1 110.7 117.3 139.4 141.9
Exceptional items -55.4 3,345.7 -15.9 - -
Profit before tax -364.0 3,260.4 474.2 -225.2 -136.4
Tax - -123.6 128.0 -57.4 -35.9
Profit - disc. ops - - - - -
Net profit -364.0 3,384.1 346.2 -167.8 -100.5
Net margin % -17.8 145.3 7.2 -4.4 -2.3
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity -0.7 0.5 0.5 0.5 0.5
Net Debt/Equity -0.7 0.4 0.4 0.5 0.5
Total Debt/Assets 0.5 0.3 0.2 0.3 0.3
Total Assets/Equity -1.4 2.0 1.8 1.9 2.1
Liquidity +
Current Ratio 0.1 1.2 3.8 3.2 2.5
Quick Ratio 0.1 0.7 2.4 1.8 1.5
Interest Coverage -59.1 0.8 5.6 0.1 0.7
Performance
Gross Margin 24.4 31.1 33.5 22.1 21.6
Operating Margin -12.2 1.1 14.7 0.4 2.3
Net Margin -17.8 145.3 7.2 -4.4 -2.3
Return +
Return on Equity - 248.6 21.3 -11.5 -7.4
Pre-tax ROCE 45.2 -4.1 21.9 -5.0 -1.8
Return on Assets -12.7 125.0 11.8 -5.9 -3.6
Pre-tax ROIC 51.8 -4.4 26.3 -5.6 -2.0
Efficiency +
Days Payable 288.0 96.0 13.0 16.0 20.0
Days Inventory 51.0 51.0 43.0 49.0 35.0
Days Receivable 25.0 13.0 4.0 6.0 13.0
Fixed Asset Turnover 0.9 1.2 2.5 2.0 2.5
Total Asset Turnover 0.7 0.8 1.6 1.3 1.6
Working Capital
Cash Conversion Cycle -212.0 -32.0 34.0 39.0 28.0
Working Capital Days -541.0 14.0 55.0 60.0 42.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

VISTRA ITCL (INDIA) LIMITED

No. of Loans: 1

Total Amount : 525.3 cr

2

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 125.0 cr

3

Standard Chartered Bank

No. of Loans: 1

Total Amount : 30.0 cr

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Charges

VISTRA ITCL (INDIA) LIMITED
IndusInd Bank Limited
Standard Chartered Bank

People

Designation Name DIN/PAN Tenure
Director Mamta Binani 00462925 4 years
Director Partha Sengupta 01851810 4 years
Director Nipun Gupta Jain 06861516 2 years
Director Jai Krishna Saraf 07613832 4 years
Director Anjani Agrawal 08579812 4 years
CEO Anil Kumar Bangur <HIDDEN> 4 years
Whole-time Director Anil Kumar Bangur 08936958 4 years
Kmp Kavita Maniar <HIDDEN> 1 years
Kmp Nagraj Govind Mogavira <HIDDEN> 1 years

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Registered Details

CIN

U27100MH1970PLC014621

PAN

AAACL6670Q

Incorporation

1970, 55.0 years

Company Email

cs@evonith.com

Paid up Capital

₹ 42.1 Cr

Authorised Capital

₹ 2,000.0 Cr

AGM

Sep 2023

Type

Public
Non-government Company

FAQ - EVONITH VALUE STEEL LIMITED

What is the incorporation date of EVONITH VALUE STEEL LIMITED?

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The incorporation date of EVONITH VALUE STEEL LIMITED is 27 April, 1970

What is the authorized share capital of EVONITH VALUE STEEL LIMITED?

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The authorized share capital of EVONITH VALUE STEEL LIMITED is INR ₹ 2,000.0 Cr.

What is the paid-up capital of EVONITH VALUE STEEL LIMITED?

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The paid-up capital of EVONITH VALUE STEEL LIMITED is INR ₹ 42.1 Cr.

What is the registered address of EVONITH VALUE STEEL LIMITED?

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The registered address of EVONITH VALUE STEEL LIMITED is 706 TO 710, BALARAMA BUILDING, BANDRA KURLA COMPLEX ROAD, E BLOCK, BKC, BANDRA (EAST) MUMBAI Mumbai City Maharashtra - 400051

What is the CIN number of EVONITH VALUE STEEL LIMITED?

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The CIN number of EVONITH VALUE STEEL LIMITED is U27100MH1970PLC014621.

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