Thrissur (Kerala) manufacturer of galvanised steel pipes, tubes, coils and sheets, plus hot-rolled MS tubes, sold under the 'Demac Steel' brand to South India's construction and roofing market.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 13 | 13 | 13 | 13 | 17 | 17 | 17 |
| Reserves | 11 | 18 | 24 | 28 | 61 | 65 | 68 |
| Borrowings | 36 | 49 | 28 | 59 | 18 | 26 | 16 |
| Other Liabilities | 5 | 11 | 23 | 17 | 12 | 15 | 18 |
| Total Liabilities | 64 | 90 | 87 | 116 | 109 | 123 | 120 |
| AssetsFixed Assets | 20 | 21 | 22 | 20 | 20 | 27 | 26 |
| CWIP | 1 | 2 | 0 | 1 | 8 | 2 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 44 | 67 | 66 | 95 | 81 | 94 | 92 |
| Total Assets | 64 | 90 | 87 | 116 | 109 | 123 | 120 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 12 | -4 | 31 | -22 | 26 | 4 |
| Cash from Investing | -1 | -6 | -1 | 0 | -8 | -3 |
| Cash from Financing | -11 | 10 | -24 | 28 | -11 | -5 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | 11 | -8 | 31 | -23 | 17 | 1 |
| FCF Margin | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
NMSTEEL · CYCLICAL_UNMODELABLE
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