Dina Iron & Steel (Delisted) results and financials

BSE: 532003Industrial Products

Dina Iron & Steel Ltd. · Face value ₹10 · Listed Sep 1996

Delisted on 24 Feb 2023.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Sep 2020

  2. Jul 2020

    • 18 Jul · Shareholding for the Period Ended June 30, 2020

      Shareholding Pattern for the Period Ended June 30, 2020. For more details, kindly Click ....
    • 18 Jul · Statement Of Investor Complaints For The Quarter Ended June 2020

      No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0 0 0 0
  3. Jun 2020

  4. May 2020

Results for the quarter to Mar 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹44 Cr
Operating profit
₹2.94 Cr
Net profit
₹2.26 Cr+440.2% on a year ago
Earnings per share
₹3.36+380.0% on a year ago
Operating margin
6.6%
Net margin
5.1%

From revenue to net profit, ₹ crore

  1. Revenue44
  2. Materials and goods−28
  3. Employee costs−0.4
  4. Other expenses−13
  5. Operating profit2.9
  6. Depreciation−0.1
  7. Other income+0.5
  8. Finance costs−0.9
  9. Profit before tax2.5
  10. Tax−0.2
  11. Net profit2.3

Dina Iron & Steel results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2020. Results for the quarter to Jun 2020 were due by 14 Aug 2020, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
460.9Jun 1733−5.0Sep 1740−0.1Dec 17565.1Mar 18670.4Jun 18630.7Sep 1851−0.4Dec 18580.4Mar 19520.4Jun 19930.0Sep 1942−1.4Dec 19442.3Mar 20
Back to profit in the quarter to Mar 2020, ₹2.26 CrA loss in 5 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
12.0%−15.4%4.5%−12.6%2.4%12.0%1.5%3.2%1.1%3.2%3.1%2.3%−1.2%6.6%1.8%−15.4%−0.2%9.2%0.5%1.2%−0.7%0.7%0.9%0.0%−3.4%5.1%Jun 17Dec 17Jun 18Dec 18Jun 19Dec 19Mar 20
₹ croreSep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020
Revenue from operations20.435.8–34.028.740.546.146.332.639.655.767.163.251.157.852.592.742.244.5
18.934.5–32.627.238.944.544.336.738.649.066.161.250.655.950.990.642.741.6
Materials and goods bought12.126.7–23.518.029.234.632.926.430.437.553.550.242.742.838.270.031.828.2
Employee costs0.10.1–0.10.10.10.20.20.20.10.20.20.20.20.40.20.40.20.4
Other expenses6.77.7–9.09.19.59.711.210.18.111.312.410.87.612.812.520.210.613.0
Operating profit before depreciation1.51.4–1.31.51.61.62.1−4.11.06.71.02.00.61.91.62.1−0.52.9
Operating margin7.1%3.8%–4.0%5.2%3.9%3.5%4.5%−12.6%2.4%12.0%1.5%3.2%1.1%3.2%3.1%2.3%−1.2%6.6%
Depreciation and amortisation0.20.2–0.30.30.50.40.40.20.30.30.30.30.20.20.20.50.30.1
Other income–––0.3–0.10.10.40.10.00.10.40.00.00.10.00.00.00.5
Finance costs0.91.0–0.80.80.81.10.80.70.71.10.60.70.71.30.81.50.70.9
One-off items––––––––––0.00.00.00.00.00.00.00.00.0
Profit before tax0.40.2–0.50.40.30.21.2−5.0−0.15.30.51.0−0.40.50.60.1−1.42.5
0.00.1–0.10.00.10.40.4––0.20.10.30.00.10.20.20.00.2
Tax rate8.0%30.0%–11.6%12.1%38.8%213.9%30.0%––3.9%28.0%29.0%–11.5%26.0%128.3%–7.7%
Net profit0.40.1–0.50.30.2−0.20.9−5.0−0.15.10.40.7−0.40.40.40.0−1.42.3
Net margin1.9%0.4%–1.3%1.1%0.5%−0.5%1.8%−15.4%−0.2%9.2%0.5%1.2%−0.7%0.7%0.9%0.0%−3.4%5.1%
Earnings per share–––₹0.68₹0.48₹0.14−₹0.34₹1.27––₹7.61₹0.53₹1.55–₹0.70₹0.67−₹0.05−₹2.13₹3.36
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2020, the company's revenue for the year to Mar 2020, ₹179 Cr, differs from its quarters added, ₹232 Cr.

4 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
1490.8Mar 171750.9Mar 182391.236,11,658Mar 191790.940Mar 20

Operating and net margin, per cent

  • Operating margin
  • Net margin
4.1%0.5%4.1%3.5%2.3%2.6%0.5%0.5%0.5%0.5%Mar 17Mar 18Mar 19Mar 20

The years either side of a change of basis do not compare. From the year to Mar 2020, the company's revenue for that year, ₹179 Cr, differs from its quarters added, ₹232 Cr.

Results for the year to Mar 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue179
  2. Materials and goods−130
  3. Employee costs−1.0
  4. Other expenses−44
  5. Operating profit4.7
  6. Depreciation−0.8
  7. Other income+0.5
  8. One-off items0.0
  9. Finance costs−3.1
  10. Profit before tax1.3
  11. Tax−0.3
  12. Net profit0.9

What the company owns

  • Receivables₹30 Cr
  • Inventory₹22 Cr
  • Plant, investments and other assets₹18 Cr
  • Cash and bank₹1 Cr

What pays for it: net worth and liabilities

  • Borrowings₹40 Cr
  • Net worth₹19 Cr
  • Other liabilities₹7 Cr
  • Owed to suppliers₹6 Cr

Profit and loss

Standalone, ₹ crore, years to March.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020
Revenue from operations149175239179
143169234175
Materials and goods bought105127189130
Employee costs1111
Other expenses37414444
Operating profit before depreciation6655
Operating margin4.1%3.5%2.3%2.6%
Materials, % of revenue70.6%72.8%79.1%72.4%
Employee costs, % of revenue0.4%0.4%0.4%0.6%
Other expenses, % of revenue24.9%23.3%18.2%24.4%
Depreciation and amortisation2111
Operating profit after depreciation5544
Other income1–10
Finance costs4333
One-off items––00
Profit before tax2121
1100
Net profit1111
Net margin0.5%0.5%0.5%0.5%

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020
18,43,29919
Share capital6,72,9837
Reserves11,70,31713
36,11,65840
34,52,42939
9,98,06313
Total assets62,93,79172
15,51,82218
47,41,96854
Net debt36,09,71039
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020
Earnings per share₹1.19₹1.33₹1.70₹1.73
Diluted earnings per share₹1.19₹1.33₹1.70₹1.73
Book value per share––₹27,39,010.10–

Ratios

Standalone, years to March.

RatioMar 2017Mar 2018Mar 2019Mar 2020
Revenue growth–17.0%36.9%–
Operating profit growth–1.0%−11.4%–
Net profit growth–12.1%29.7%−20.9%
Earnings per share growth–11.8%27.8%1.8%
––0.0%0.0%
–––0.0 pts
From the net margin–––0.0 pts
From asset turnover–––0.0 pts
From borrowing–––0.0 pts
Return on capital employed––0.0%6.6%
Interest cover1.31.41.41.3
Debt to equity––1.962.04
Receivable days––45,14,76662
Inventory days––23,90,55463
Payable days––56,53317
Cash conversion cycle, days––68,48,787108
Working capital days––59,57,03083
Asset turnover––0.000.00
Assets per rupee of net worth––3.413.41
Sales per rupee of plant––0.0042.41
Plant being built, % of plant in use––57.6%137.8%
Revenue growth and operating profit growth are left blank for the year to Mar 2020: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2020.

Return on assets, latest year
0.0%
Measure5 years3 years
Profit growth, yearly rate–4.8%
Return on equity, average–0.0%
Return on capital employed, average–3.3%
Operating margin, average3.1%2.8%
Net margin, average0.5%0.5%
Asset turnover, average–0.00
Cash conversion cycle, days, average–34,24,447
Interest cover, average1.31.3
Debt to equity, average–2.00

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2017Mar 2018Mar 2019Mar 2020
Receivables growth less revenue growthOur threshold 0 percentage points–––−74.98
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–––−68.64
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–––−2,93,394.63
Effective tax ratePublished threshold 17.16 per cent46.6738.9529.9227.29
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2020 the company reports one business segment, MANUFACTURE IRON &STEEL LTD, which carries all its revenue.

Company details

BSE code
532003
ISIN
INE649G01013
Industry
Industrial Products
CIN
L27101BR1992PLC004967
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
Andi, Rehmanpur Road, Didarganj, Patna 800009, Bihar
Share registrar
Niche Technologies Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments