The Indian Steel And Wire Products Delisted Share price

The Indian Steel And Wire Products Limited Delisted Share - Company Overview

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.

The Indian Steel And Wire Delisted Share Details As of March 31,2022

The Indian Steel And Wire Products Limited Incorporation Details

The Indian Steel And Wire Products Limited 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

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.

FAQ's on The Indian Steel

Q: What is the face value of The Indian Steel & Wire Products Ltd shares?
Answer: The face value of The Indian Steel & Wire Products Ltd is ₹10 per equity share.

Q: What is the minimum lot size for buying The Indian Steel & Wire Products shares through WWIPL?
Answer: The minimum lot size for The Indian Steel & Wire Products shares is 100 equity shares.

Q: How can I buy The Indian Steel & Wire Products unlisted shares through WWIPL?
Answer: Investors can complete KYC, confirm the transaction details with WWIPL, transfer funds, and receive the shares directly in their Demat account.

Q: Why should I buy The Indian Steel & Wire Products shares through WWIPL?
Answer: WWIPL offers transparent pricing, secure transactions, seamless Demat transfers, and end-to-end support throughout the investment process.

Q: Is investing in The Indian Steel & Wire Products Ltd a good idea?
Answer: Investors generally evaluate the company based on its steel manufacturing legacy, financial performance, restructuring prospects, promoter backing, and long-term value potential.

Q: Why do investors buy The Indian Steel & Wire Products shares?
Answer: Investors seek exposure to a legacy steel company backed by the Tata Group, while assessing opportunities arising from operational improvements and long-term value creation.

Q: What business does The Indian Steel & Wire Products Ltd operate in?
Answer: The company manufactures steel wire products, wire ropes, nails, rolled products, and other downstream steel products used across industrial and infrastructure sectors.

Q: What makes The Indian Steel & Wire Products different from other unlisted steel companies?
Answer: The company has a long operating history and is a subsidiary of Tata Steel, benefiting from strong industry expertise and an established manufacturing legacy.

Q: What are the key growth drivers for The Indian Steel & Wire Products Ltd?
Answer: Infrastructure spending, industrial growth, steel demand, operational efficiency, and capacity utilization are key factors that could drive long-term growth.

Q: What factors affect the valuation of The Indian Steel & Wire Products shares?
Answer: Revenue growth, profitability, steel prices, raw material costs, production volumes, promoter support, and overall demand in the steel sector influence the company's valuation.

Q: Are The Indian Steel & Wire Products shares available in Demat form?
Answer: Yes. Shares purchased through WWIPL are transferred directly to the investor's Demat account.

Q: Can I sell my The Indian Steel & Wire Products shares through WWIPL?
Answer: Yes. WWIPL facilitates both buying and selling of unlisted shares, subject to market demand and availability.

Q: What documents are required to buy The Indian Steel & Wire Products shares through WWIPL?
Answer: Investors generally need PAN, Aadhaar, Client Master Report CMR, and bank account details to complete the transaction.

Q: What are the risks of investing in The Indian Steel & Wire Products shares?
Answer: Investors should consider cyclicality in the steel industry, raw material price volatility, demand fluctuations, operational risks, and liquidity constraints associated with unlisted shares.

Q: How does WWIPL help investors track The Indian Steel & Wire Products investments?
Answer: WWIPL provides company updates, transaction assistance, market insights, and ongoing investment support to help investors stay informed.

Q: How long does it take for The Indian Steel & Wire Products shares purchased through WWIPL to be credited to a Demat account?
Answer: Shares are generally transferred to the investor's Demat account after successful completion and verification of the transaction.

Q: What should investors evaluate before investing in The Indian Steel & Wire Products Ltd?
Answer: Investors should assess the company's financial performance, steel demand outlook, profitability, promoter backing, valuation, and long-term growth prospects.

Q: Can The Indian Steel & Wire Products benefit from India's infrastructure and manufacturing growth?
Answer: Yes. Rising investments in infrastructure, construction, manufacturing, and industrial development may support long-term demand for the company's steel products.