New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹1.61b market cap, or US$16.7m). Reported Earnings • May 13
Full year 2026 earnings released: EPS: ₹14.15 (vs ₹7.66 in FY 2025) Full year 2026 results: EPS: ₹14.15 (up from ₹7.66 in FY 2025). Revenue: ₹2.47b (flat on FY 2025). Net income: ₹174.6m (up 85% from FY 2025). Profit margin: 7.1% (up from 3.8% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Ankündigung • May 02
MetroGlobal Limited to Report Q4, 2026 Results on May 11, 2026 MetroGlobal Limited announced that they will report Q4, 2026 results on May 11, 2026 New Risk • Apr 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (₹1.42b market cap, or US$15.2m). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹138, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 21x in the Trade Distributors industry in India. Total returns to shareholders of 80% over the past three years. Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹3.90 (vs ₹1.77 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.90 (up from ₹1.77 in 3Q 2025). Revenue: ₹701.9m (up 22% from 3Q 2025). Net income: ₹48.1m (up 121% from 3Q 2025). Profit margin: 6.9% (up from 3.8% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Ankündigung • Jan 30
MetroGlobal Limited to Report Q3, 2026 Results on Feb 11, 2026 MetroGlobal Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹4.18 (vs ₹3.20 in 2Q 2025) Second quarter 2026 results: EPS: ₹4.18 (up from ₹3.20 in 2Q 2025). Revenue: ₹717.7m (flat on 2Q 2025). Net income: ₹51.5m (up 30% from 2Q 2025). Profit margin: 7.2% (up from 5.5% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Ankündigung • Nov 04
MetroGlobal Limited to Report Q2, 2026 Results on Nov 14, 2025 MetroGlobal Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 Ankündigung • Sep 26
MetroGlobal Limited Approves Final Dividend for the Financial Year Ended March 31, 2025 MetroGlobal Limited at its 33rd Annual General Meeting held on September 26, 2025, approved the declaration of final dividend of INR 2/- per equity share of INR 10/- each (20%) for the financial year ended March 31, 2025. Upcoming Dividend • Sep 12
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 26 October 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.1%). Declared Dividend • Aug 14
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 19th September 2025 Payment date: 26th October 2025 Dividend yield will be 1.5%, which is higher than the industry average of 0.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. Earnings per share has grown by 2.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹3.22 (vs ₹5.78 in 1Q 2025) First quarter 2026 results: EPS: ₹3.22 (down from ₹5.78 in 1Q 2025). Revenue: ₹672.2m (down 9.8% from 1Q 2025). Net income: ₹39.7m (down 44% from 1Q 2025). Profit margin: 5.9% (down from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Ankündigung • Aug 12
MetroGlobal Limited, Annual General Meeting, Sep 26, 2025 MetroGlobal Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. Ankündigung • Aug 02
MetroGlobal Limited to Report Q1, 2026 Results on Aug 12, 2025 MetroGlobal Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • May 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.7% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (₹1.63b market cap, or US$19.1m). Reported Earnings • May 14
Full year 2025 earnings released: EPS: ₹7.67 (vs ₹13.20 in FY 2024) Full year 2025 results: EPS: ₹7.67 (down from ₹13.20 in FY 2024). Revenue: ₹2.54b (up 3.2% from FY 2024). Net income: ₹94.6m (down 42% from FY 2024). Profit margin: 3.7% (down from 6.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 13
MetroGlobal Limited Recommends Final Dividend for the Financial Year 2024-2025 MetroGlobal Limited at the board meeting held on May 12, 2025, recommended a Final Dividend of INR 2/- per Equity Share of INR 10/- each (20%) for the financial year 2024-2025, subject to declaration of the same by the shareholders at 33rd Annual General Meeting of the Company to be held within the stipulated timeline as per the Companies Act, 2013 and the Rules made thereunder. Ankündigung • May 01
MetroGlobal Limited to Report Q4, 2025 Results on May 12, 2025 MetroGlobal Limited announced that they will report Q4, 2025 results on May 12, 2025 Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹1.77 (vs ₹3.25 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.77 (down from ₹3.25 in 3Q 2024). Revenue: ₹573.2m (down 20% from 3Q 2024). Net income: ₹21.8m (down 46% from 3Q 2024). Profit margin: 3.8% (down from 5.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Ankündigung • Jan 28
MetroGlobal Limited to Report Q3, 2025 Results on Feb 12, 2025 MetroGlobal Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Ankündigung • Nov 05
MetroGlobal Limited to Report Q2, 2025 Results on Nov 13, 2024 MetroGlobal Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Upcoming Dividend • Sep 13
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 27 October 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.0%. Within top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.1%). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹193, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 36x in the Trade Distributors industry in India. Total returns to shareholders of 169% over the past three years. Declared Dividend • Aug 14
Dividend reduced to ₹2.00 Dividend of ₹2.00 is 20% lower than last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 1.3%, which is higher than the industry average of 0.1%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has remained flat since 3 years ago. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 12
MetroGlobal Limited, Annual General Meeting, Sep 27, 2024 MetroGlobal Limited, Annual General Meeting, Sep 27, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: ₹5.78 (vs ₹1.55 in 1Q 2024) First quarter 2025 results: EPS: ₹5.78 (up from ₹1.55 in 1Q 2024). Revenue: ₹745.5m (up 58% from 1Q 2024). Net income: ₹71.3m (up 272% from 1Q 2024). Profit margin: 9.6% (up from 4.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year and the company’s share price has also increased by 22% per year. Ankündigung • Aug 10
Metroglobal Limited Approves Reconstitution of Committees of Board of Directors MetroGlobal Limited at its board meeting held on August 10, 2024 approved Reconstitution of Committees of Board of Directors effective October 01, 2024; M r. Prashant M. Kheskani: Chairman; Mr. Rahul G. Jain: Member, Mrs. Monika G. Gupta: Member; Nomination and Remuneration Committee: Mr. Prashant M. Kheskani: Chairman Mr. Balveermal K. Singhvi: Member; Mrs. Monika G. Gupta: Member; Stakeholders Relationship Committee: Mr. Balveermal K. Singhvi: Chairman Mr. Rahul G. Jain: Member Mr. Prashant M . Kheskani: Member. Ankündigung • Jul 30
MetroGlobal Limited to Report Q1, 2025 Results on Aug 10, 2024 MetroGlobal Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 10, 2024 Ankündigung • May 25
MetroGlobal Limited Recommends Final Dividend for the Financial Year 2023-24 MetroGlobal Limited at its board of directors meeting held on May 24, 2024, recommended a final dividend of INR 2.00 per Equity Share of INR 10.00 each (20%) for the financial year 2023-24, subject to declaration of the same by the shareholders at 32nd Annual General Meeting of the Company to be held within the stipulated timeline as per the Companies Act, 2013 and the Rules made thereunder. Ankündigung • May 09
MetroGlobal Limited to Report Q4, 2024 Results on May 24, 2024 MetroGlobal Limited announced that they will report Q4, 2024 results on May 24, 2024 Ankündigung • Feb 12
MetroGlobal Limited Appoints Hetal Koradia as Company Secretary and Compliance Officer, Effective March 18, 2024 MetroGlobal Limited announced that Ms. Hetal Koradia, (Membership no. A56454) has been appointed as Company Secretary and Compliance Officer of the company with effect from March 18, 2024. Ms. Hetal Koradia is an associate member of ICSI and commerce graduate and having 5 years of experience dealing with Secretarial Compliances of Listed and Unlisted Companies and other laws. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹3.25 (vs ₹2.67 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.25 (up from ₹2.67 in 3Q 2023). Revenue: ₹712.1m (up 74% from 3Q 2023). Net income: ₹40.1m (up 22% from 3Q 2023). Profit margin: 5.6% (down from 8.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 03
MetroGlobal Limited to Report Q3, 2024 Results on Feb 10, 2024 MetroGlobal Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Ankündigung • Feb 02
Metroglobal Limited Announces Resignation of Bharat Patel as Company Secretary and Compliance Officer, Effective March 16, 2024 MetroGlobal Limited announced that Mr. Bharat Patel (ACS: 32835), Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company vide his letter dated February 02, 2024 and will be relieved from the services of the Company with effect from close of business hour on March 16, 2024. He has decided to pursue other career opportunities. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹1.79 (vs ₹3.53 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.79 (down from ₹3.53 in 2Q 2023). Revenue: ₹617.1m (down 25% from 2Q 2023). Net income: ₹22.0m (down 49% from 2Q 2023). Profit margin: 3.6% (down from 5.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹117, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total returns to shareholders of 173% over the past three years. Ankündigung • Sep 28
Metroglobal Limited Approves to Declare Final Dividend for the Financial Year Ended March 31, 2023 MetroGlobal Limited approved to declare final dividend of INR 2.50 per equity shares of INR 10 each for the financial year ended march 31, 2023. Upcoming Dividend • Sep 11
Upcoming dividend of ₹2.50 per share at 2.5% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.5%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.1%). Ankündigung • Sep 02
MetroGlobal Limited Proposes Final Dividend for the Financial Year Ended March 31, 2023, Payable on or After October 05, 2023 MetroGlobal Limited will propose final dividend of INR 2.50 per equity share of INR 10 each (25%) for the financial year ended March 31, 2023. The record date for the purpose of final dividend for Financial Year 2022- 2023 is September 19, 2023. The final dividend, once approved by the members in the upcoming AGM, will be paid on or after October 05, 2023, electronically through various online transfer modes to those members who have updated their bank account details. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹1.55 (vs ₹3.48 in 1Q 2023) First quarter 2024 results: EPS: ₹1.55 (down from ₹3.48 in 1Q 2023). Revenue: ₹472.0m (up 5.1% from 1Q 2023). Net income: ₹19.2m (down 55% from 1Q 2023). Profit margin: 4.1% (down from 9.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 13
MetroGlobal Limited, Annual General Meeting, Sep 26, 2023 MetroGlobal Limited, Annual General Meeting, Sep 26, 2023. Ankündigung • Aug 05
MetroGlobal Limited to Report Q1, 2024 Results on Aug 12, 2023 MetroGlobal Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹15.51 (vs ₹9.59 in FY 2022) Full year 2023 results: EPS: ₹15.51 (up from ₹9.59 in FY 2022). Revenue: ₹2.48b (down 2.4% from FY 2022). Net income: ₹191.3m (up 62% from FY 2022). Profit margin: 7.7% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Ankündigung • May 31
MetroGlobal Limited Recommends Final Dividend for Financial Year 2022-23 MetroGlobal Limited at the Board Meeting held on May 30, 2023, the board recommended final dividend at the rate of 25% (INR 2.50) per equity shares of INR 10 each for financial year 2022-23, subject to the approval of members at the upcoming annual general meeting. Ankündigung • May 23
MetroGlobal Limited to Report Q4, 2023 Results on May 30, 2023 MetroGlobal Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹2.67 (vs ₹1.47 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.67 (up from ₹1.47 in 3Q 2022). Revenue: ₹408.5m (down 43% from 3Q 2022). Net income: ₹33.0m (up 82% from 3Q 2022). Profit margin: 8.1% (up from 2.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Ankündigung • Jan 31
MetroGlobal Limited to Report Q3, 2023 Results on Feb 08, 2023 MetroGlobal Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹3.53 (vs ₹3.27 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.53 (up from ₹3.27 in 2Q 2022). Revenue: ₹817.3m (up 117% from 2Q 2022). Net income: ₹43.5m (up 7.9% from 2Q 2022). Profit margin: 5.3% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Prashant Kheskani was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 06
MetroGlobal Limited to Report Q2, 2023 Results on Nov 12, 2022 MetroGlobal Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Upcoming Dividend • Aug 31
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 15 October 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.3%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.1%). Ankündigung • Aug 12
MetroGlobal Limited, Annual General Meeting, Sep 15, 2022 MetroGlobal Limited, Annual General Meeting, Sep 15, 2022, at 11:30 Indian Standard Time. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹3.48 (vs ₹1.54 in 1Q 2022) First quarter 2023 results: EPS: ₹3.48 (up from ₹1.54 in 1Q 2022). Revenue: ₹449.1m (down 14% from 1Q 2022). Net income: ₹42.9m (up 126% from 1Q 2022). Profit margin: 9.6% (up from 3.6% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • May 27
Full year 2022 earnings released: EPS: ₹9.60 (vs ₹5.78 in FY 2021) Full year 2022 results: EPS: ₹9.60 (up from ₹5.78 in FY 2021). Revenue: ₹2.55b (flat on FY 2021). Net income: ₹118.4m (up 66% from FY 2021). Profit margin: 4.6% (up from 2.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 23
MetroGlobal Limited Recommends Dividend for the Financial Year Ended March 31, 2022 MetroGlobal Limited recommended a dividend of INR 2/- per equity share of the face value of INR 10/- each (at the rate of 20%) for the financial year ended March 31, 2022, subject to the approval of the members of the Company at the upcoming Annual General Meeting. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 22% share price gain to ₹92.15, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 21x in the Trade Distributors industry in India. Total returns to shareholders of 69% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Prashant Kheskani was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹83.75, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹70.25, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.47 (down from ₹1.82 in 3Q 2021). Revenue: ₹714.4m (up 11% from 3Q 2021). Net income: ₹18.1m (down 19% from 3Q 2021). Profit margin: 2.5% (down from 3.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 18
ArcelorMittal India-Linked Firm Reportedly Leads Race to Acquire Indian Steel Corp An entity linked to ArcelorMittal India is the front runner for Indian Steel Corporation Ltd. that was admitted for debt resolution by the bankruptcy court after proceedings were initiated by Bain Capital-Piramal Enterprises backed India Resurgence ARC Private Limited, said people aware of the matter. Jindal Steel & Power Limited (NSEI:JINDALSTEL) is another bidder seeking to buy the steel company, people said. Lenders to the steelmaker, admitted by tribunal in October 2021, are hoping to receive at least about 40% of their dues, one of the persons said. The resolution professional, Ajay Joshi, received four expressions of interest last week of which Am Mining India Private Limited, an affiliate of ArcelorMittal India is one of the applicants, people said. Others include Jindal Steel & Power, MetroGlobal Limited (Metro Global Pvt Ltd.) and Khandwala Finstock Pvt Ltd, they said. The RP declined to comment. JSPL and ArcelorMittal did not respond to a request for comment. Metro Global and Kandwala Finstock could not be reached for comments. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Prashant Kheskani was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Prashant Kheskani was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 09
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 28 October 2021. Trailing yield: 2.5%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.1%). Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 23% share price gain to ₹86.80, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 38x in the Trade Distributors industry in India. Total returns to shareholders of 27% over the past three years. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS ₹5.76 (vs ₹6.16 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹2.54b (up 2.8% from FY 2020). Net income: ₹71.1m (down 11% from FY 2020). Profit margin: 2.8% (down from 3.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₹72.90, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total loss to shareholders of 6.5% over the past three years. Is New 90 Day High Low • Mar 12
New 90-day high: ₹61.00 The company is up 28% from its price of ₹47.75 on 11 December 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 83% over the same period. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₹60.15, the stock is trading at a trailing P/E ratio of 9.7x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 22x in the Trade Distributors industry in India. Total return to shareholders over the past three years is a loss of 23%. Ankündigung • Feb 06
MetroGlobal Limited to Report Q3, 2021 Results on Feb 11, 2021 MetroGlobal Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Jan 06
New 90-day high: ₹54.80 The company is up 22% from its price of ₹45.10 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 46% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₹49.30 The company is up 1.0% from its price of ₹48.60 on 17 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 34% over the same period. Is New 90 Day High Low • Nov 06
New 90-day low: ₹42.25 The company is down 1.0% from its price of ₹42.55 on 07 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 52% over the same period. 