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    India Steel

    Mumbai-focused real-estate redeveloper (formerly India Steel Works, a stainless-steel manufacturer) transforming legacy urban properties into residential and mixed-use developments across Wadala, Matunga, Chembur and Khopoli.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹875 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY24FY25FY26FY26
    LiabilitiesEquity Capital4040404040404040
    Reserves95469-30-13-185
    Borrowings125646775931028491
    Other Liabilities274288291296270263288261
    Total Liabilities535437407408402392394397
    AssetsFixed Assets231224216213209202202202
    CWIP00000002
    Investments20000000
    Other Assets301213190195193190192194
    Total Assets535437407408402392394397

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-4-42-40-4-1-22-613
    Cash from Investing-50100000
    Cash from Financing9423931226-12
    SummaryCapital Expenditure
    Free Cash Flow-7-42-40-4-1-22-613
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    513361 · CAPITAL_INTENSIVE

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    Guides on how to read this kind of business and the numbers that matter.