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×

the indian steel and wire products Limited

250.00
+ 0.00 %
Scrip Name
ISWPL
ISIN No.
INE07T301017
PAN No.
AABCT1067C
Face Value
10
No. of Outstanding Shares
5,991,896
Market Capitalization
149.80 Crore

 

THE INDIAN STEEL & WIRE PRODUCTS LIMITED

 

About the Company

Established in 1920, the Indian Steel and Wire Products Limited became the first wire drawing company in the country. Nestled amidst the verdant surroundings of India’s first industrial city, Jamshedpur, the company gradually spread roots and is now a primary manufacturer of wire rods, TMT rebars, wires, welding products, nails, rolls, and castings.

A subsidiary of Tata Steel, we became a part of the global steel giant back in 2003 and are committed to the highest standards of quality and service. The Wire Rod Mill and Wire Mill act as the conversion agents of Tata Steel and Tata Steel Global Wires respectively, wherein the parent plant supplies the raw material and also markets the finished good. We also are the proud pioneers in the rolls industry.


Marketed under the brand name ‘JEMCO’, our rolling and casting products boast a prominent presence across the globe. The electrodes and nails divisions, under the umbrella of the brand name ‘SPARK’, also form an integral part of the company’s business venture. Our state-of-the-art Welding Technology Centre further augmented by the treasure of experience and expertise in the field of welding consumables results in a quality that is distinguished and paramount.

INCORPORATION DETAILS


CIN

U27106WB1935PLC008447

Registration Date

02 December 1935

Category/Sub-category of the Company

Company limited by Shares

Address of the Registered office and contact details

Flat - 7D & E, 7th Floor, Everest House, 46C Chowringhee Road, Kolkata-700 071 Telephone: 033-22883081 Mail-id: info@iswp.co.in

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

TSR Darashaw Consultants Pvt. Ltd. C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg Vikhroli West, Mumbai 400083 Tel No. : (022) 66568484 Fax No. : (022) 66568494 E-mail : csg-unit@tcplindia.co.in Website : www.tcplindia.co.in


BOARD OF DIRECTORS

Mr. Umanath Mishra Chief Financial Officer

Mr. Neeraj Kant Managing Director

Mr. Indrajit Nandi Vice President (Engg. & Projects)

Mr. Vijayant Kumar Vice President (Rod Mill & IT)

Mr. Rabi Narayan Kar Company Secretary

Mr. J. K. Singh Vice President (Wires and Grapheme Business)

 

Shareholders holding more than 5 % shares in the company as of 31 March 2021


Name

As at March 31, 2021

As at March 31, 2020

Tata Steel Limited (Holding company)

56,92,651

56,92,651

Percentage Holding

95.01%

95.01%


INDUSTRY OUTLOOK

After the outbreak of the COVID-19 pandemic in 2020, ICRA had assigned a 'negative' outlook on the sector expecting a record fall of 20% in domestic steel demand during the financial year ended March 2021. However, it later upgraded its outlook for the sector to 'stable' on the back of improving demand and prices.

In a statement, ICRA said, "It has revised the steel sector's outlook to 'positive' from 'stable' following all large listed steel companies reporting their best-ever quarterly performance in Q1 (April-June period) of the financial year 2022, and the earnings outlook remaining healthy for the remaining months of FY2022."

Given the strong earnings growth and capital expenditure (CAPEX) curtailments following the pandemic-related uncertainty, steelmakers started to aggressively de-leverage since the second quarter of FY2021. This trend is reflected by the industry's consolidated debt levels declining to ₹2 lakh crore in July-end 2021, from ₹2.6 lakh crore in July-end 2020, registering a sharp decline of over 21% 

The industry's consolidated borrowings today are at their lowest levels since March 2012. On taking a closer look at the industry's consolidated borrowing per metric tonne of installed capacity, it stood at $180 per tonne in July 2021, shrinking by almost half from $350 per tonne prevailing in November 2008.

This, ICRA said, suggests that domestic steel companies are now significantly less leveraged than in FY2009, when the last steel supercycle ended, following the global financial crises.

 

FINANCIALS AT GLANCE


Standalone Statement of Profit and Loss for the year ended 31 March 2021 (Amounts in Lakhs)


Particulars

2021

2020

Revenue from Operations

28,319.46

27,888.84

Other Income

446.9

27,888.84

Total Revenue

27,888.84

28,294.16

 change %

-1.43%


EBITDA

2,205.37

4,591.57

Change %

-51.97%


EBITDA Margin

7.91%

16.23%

DEP

572.88

606.96

FINANCE COST

6.5

12.62

Profit before tax from Continuing Operation

1,625.99

3,971.99

Tax Expense I Current Taxes

416.78

1,042.34

Income tax relating to earlier years

6.51

29.33

Deferred tax

7.14

32

Total  Tax Expense

430.43

1,103.67

Profit after tax from continuing operations

1,195.56

2,868.32

Profit/(Loss) before tax from discontinuing operations

3.8

-104.16

Tax expense

-0.96

-0.96

Profit/(Loss) after tax from discontinuing operations

2.84

-77.95

Profit for the period

1198.40

2790.37

Profit Margin



EPS( in Rs.) From coninuing operation

19.95

47.87

Earnings per equity share (Continuing and discontinuing operation)

20.00

46.57




Standalone Balance Sheet as at 31 March 2021 (Amounts in Lakhs)

 

Particulars

As at March 31, 2021

As at March 31, 2020

ASSETS



Non-current assets



Property, plant, and equipment

5,852.66

4,435.37

Intangible Assets

89.01

105.70

Capital work in progress

11.29

1559.13

Investments

154.21

157.59

Financial assets



(I) Investments

-

-

 (ii) Other financial assets

38.00

-

Other non-current assets

335.34

111.92

Deferred tax assets

195.86

203.00

Non-current tax asset

1001.82

1064.32

Total non-current assets

7678.19

7637.10

Current assets



Inventories

4140.09

4873.95

Financial assets



(i) Trade receivables

2871.92

1533.12

(ii) Cash and cash equivalents

2928.07

3317.97

Bank balances other than (ii) above

44.30

46.87

Other financial assets

712.51

813.40

Other current assets

942.81

663.11

Assets classified as held for sale

5.84

93.42

Total current assets

11645.54

11341.84

Total assets 

19323.73

18978.94

EQUITY AND LIABILITIES



Equity share capital

599.19

599.19

Reserves and surplus

11213.15

10137.38

 Other Reserves

544.71

544.71

Total equity

12357.05

11281.28

Liabilities



Non-current liabilities



Other financial liabilities

1400.00

1400.00

Provisions

930.46

910.65

Deferred tax Liability (net)

610.19

557.28

Total non-current liabilities

2940.65

2867.93

Current liabilities



Financial liabilities



(i) Borrowings



(ii) Trade payables

2361.34

2837.30

(iii) Other

260.92

500.52

 Other current liabilities

1168.69

1177.44

Employee benefit obligations

25.65

23.12

Provisions

98.24

102.49

Current tax liabilities

111.19

183.56

Liabilities directly associated with assets classified as held for sale

-

5.30

Total current liabilities

4026.03

4829.73

Total equity and liabilities

19323.73

18978.94

 

Dividend History

 

Year

2021

2020

Amount

NA

NA

 

PERFORMANCE OF THE COMPANY

.


During the year under review, the revenue of the Company was Rs. 28,766.36 Lakhs, higher by 1.68 % over the previous year’s revenue of Rs. 28,294.16 Lakhs. The profit for the year before taxes was at Rs. 1,625.99 Lakhs compared to a profit of Rs. 3,971.99 Lakhs in the previous year.




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2016-17

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2015-16

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2014-15

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2020-21

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