Share it on:
Company Overview
ESL Steel Ltd., formerly known as Electrosteel Steels Limited, is a prominent player in the Indian steel industry. The company specializes in producing a wide range of steel products used across various sectors. ESL Steel Ltd. is a subsidiary of Vedanta Limited, a global natural resources company.
Key Products:
- Steel Billets: Raw steel used in the production of various steel products.
- TMT Bars: Thermo-Mechanically Treated bars used in construction for strength and durability.
- Wire Rods: Used in the manufacturing of wires, springs, and other industrial applications.
- Ductile Iron Pipes: Used in water and sewage infrastructure projects.
Financial Performance:
- Revenue: In the financial year 2022-2023, ESL Steel Ltd. reported revenue of approximately ₹9,000 crore.
- Profit: The company recorded a net profit of around ₹500 crore in the same period.
- Assets: Total assets of the company stand at about ₹15,000 crore, indicating a strong asset base to support its operations and growth.
- Debt: The company has managed to reduce its debt significantly over the past few years, with the current debt standing at approximately ₹3,000 crore.
Production Capacity:
- ESL Steel Ltd. has an integrated steel plant in Bokaro, Jharkhand, with a production capacity of 2.51 million tonnes per annum (MTPA). This plant is equipped with state-of-the-art technology to ensure high-quality steel production.
Market Position:
- The company has a robust market presence in India and is steadily increasing its footprint in the international markets. It caters to various industries, including construction, automotive, and infrastructure.
Fundamentals
| Metric | Value | Metric | Value |
|---|---|---|---|
| Current Price | ₹ 49 | P/B | 1.5 |
| Debt to Equity | 0.47 | P/E Ratio | 73.43 |
| Market Cap (in Cr.) | ₹ 9060 | PAN Number | AAACD6998D |
| Face Value | 10 | EPS | -0.51 |
| Book Value | 33.1 | ISIN | INE481K01021 |
| ROE (%) | NA | No. of Shares (in Cr.) | 184.9 |
Promoters & Managements
NA
(Note: Amounts in Crore.)
Profit & Loss Statement
| Particulars | 2022 (Rs. in Crores) | 2023 (Rs. in Crores) |
|---|---|---|
| Revenue from Operations | ||
| Sale of Products | 6474.35 | 7851.81 |
| Other Operating Income | 121.52 | 125.77 |
| Total Revenue from Operations | 6595.87 | 7977.58 |
| Other Income | 203.97 | 74.70 |
| Total Income | 6799.84 | 8052.28 |
| Expenses | ||
| Cost of Materials Consumed | 4593.55 | 5022.60 |
| Changes in Inventories of Finished/Semi-Finished Goods | -250.00 | -405.42 |
| Employee Benefits Expense | 161.59 | 213.26 |
| Finance Costs | 338.22 | 376.05 |
| Depreciation and Amortization Expense | 345.30 | 443.75 |
| Other Expenses | 1528.51 | 2872.81 |
| Total Expenses | 6717.16 | 8523.05 |
| Profit/(Loss) before exceptional items and tax | 82.68 | -470.77 |
| Exceptional Items | -58.48 | - |
| Profit/(Loss) before tax | 24.20 | -470.77 |
| Tax expense: | ||
| (1) Current tax | - | - |
| (2) Income Tax for earlier years | - | - |
| (3) Deferred Tax | 118.80 | 87.13 |
| Profit/(Loss) for the year | -94.59 | -557.91 |
| Other Comprehensive Income: | ||
| Items that will not be reclassified to profit or loss | -3.10 | -4.24 |
| Income tax relating to items that will not be reclassified to profit or loss | 1.08 | 1.48 |
| Other Comprehensive Income (net of taxes) | -2.01 | -2.76 |
| Total Comprehensive Income for the year | -96.61 | -560.66 |
| Earning per Equity Share [Face value of Rs. 10 each] | ||
| Basic and Diluted EPS | -0.51 | -3.02 |
Assets and Liabilities Summary
| Item | 2022 (Rs. in Crores) | 2023 (Rs. in Crores) |
|---|---|---|
| Non-current assets | ||
| Property, Plant and Equipment | 4567.67 | 4485.52 |
| Capital work-in-progress | 806.11 | 1298.96 |
| Other Intangible Assets | 541.96 | 468.17 |
| Financial Assets | 86.24 | 93.24 |
| Non-Current Tax Assets (net) | 16.30 | 24.62 |
| Deferred Tax Assets (net) | 2634.57 | 2548.92 |
| Other Non-Current Assets | 118.77 | 29.09 |
| Total Non-Current Assets | 8771.62 | 8948.51 |
| Current assets | ||
| Inventories | 1179.67 | 1394.39 |
| Financial Assets | 0.00 | 0.00 |
| Investments | 180.16 | 20.03 |
| Trade Receivables | 80.58 | 248.63 |
| Cash and Cash Equivalents | 64.11 | 35.04 |
| Bank Balances other than (iii) above | 535.58 | 158.41 |
| Other Financial Assets | 35.33 | 14.91 |
| Other Current Assets | 303.81 | 425.83 |
| Total Current Assets | 2379.24 | 2297.25 |
| TOTAL ASSETS | 11150.86 | 11245.76 |
| Liabilities and Equity | ||
| Equity | ||
| Equity Share Capital | 1849.03 | 1849.03 |
| Other Equity | 4278.70 | 3718.03 |
| Total Equity | 6127.73 | 5567.06 |
| Liabilities | ||
| Non-current liabilities | ||
| Borrowings | 2402.03 | 1945.49 |
| Lease Liability | 15.27 | 14.68 |
| Provisions | 226.62 | 219.32 |
| Total Non-Current Liabilities | 2643.91 | 2179.49 |
| Current liabilities | ||
| Borrowings | 460.42 | 460.42 |
| Lease Liabilities | 219.43 | 175.34 |
| Operational Buyers Credit / Suppliers Credit | 910.46 | 1277.75 |
| Trade Payables | - | - |
| Other Current Liabilities | 383.95 | 779.07 |
| Provisions | 10.70 | 1.90 |
| Total Current Liabilities | 2379.22 | 3499.21 |
| Total Liabilities | 5023.13 | 5678.69 |
| TOTAL EQUITY AND LIABILITIES | 11150.86 | 11245.76 |
NA
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the ESL Steel shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your ESL Steel shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the ESL Steel shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your ESL Steel shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for ESL Steel Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from ESL Steel most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of ESL Steel Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted ESL Steel shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
