BSE:540744

Stock Analysis Report

Mideast Integrated Steels

Executive Summary

Mideast Integrated Steels Limited engages in the extraction of iron ore and production of pig iron.


Snowflake Analysis

Overvalued with weak fundamentals.

Share Price & News

How has Mideast Integrated Steels's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540744's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.2%

540744

-1.3%

IN Metals and Mining

-0.07%

IN Market


1 Year Return

-60.2%

540744

-10.6%

IN Metals and Mining

9.5%

IN Market

Return vs Industry: 540744 underperformed the Indian Metals and Mining industry which returned -10.6% over the past year.

Return vs Market: 540744 underperformed the Indian Market which returned 9.5% over the past year.


Shareholder returns

540744IndustryMarket
7 Day-7.2%-1.3%-0.07%
30 Day-21.6%-7.1%-0.7%
90 Day-8.7%3.3%3.2%
1 Year-60.2%-60.2%-8.8%-10.6%11.5%9.5%
3 Yearn/a-7.4%-18.2%23.6%16.7%
5 Yearn/a21.0%1.2%35.4%22.9%

Price Volatility Vs. Market

How volatile is Mideast Integrated Steels's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mideast Integrated Steels undervalued compared to its fair value and its price relative to the market?

0.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 540744's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 540744's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 540744 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: 540744 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540744's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540744 is good value based on its PB Ratio (0.2x) compared to the IN Metals and Mining industry average (0.8x).


Next Steps

Future Growth

How is Mideast Integrated Steels forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.9%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mideast Integrated Steels has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mideast Integrated Steels performed over the past 5 years?

-59.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540744 is currently unprofitable.

Growing Profit Margin: 540744 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 540744 is unprofitable, and losses have increased over the past 5 years at a rate of -59.8% per year.

Accelerating Growth: Unable to compare 540744's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 540744 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-9%).


Return on Equity

High ROE: 540744 has a negative Return on Equity (-20.14%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mideast Integrated Steels's financial position?


Financial Position Analysis

Short Term Liabilities: 540744's short term assets (₹4.3B) do not cover its short term liabilities (₹7.1B).

Long Term Liabilities: 540744's short term assets (₹4.3B) do not cover its long term liabilities (₹10.7B).


Debt to Equity History and Analysis

Debt Level: 540744's debt to equity ratio (118.6%) is considered high.

Reducing Debt: 540744's debt to equity ratio has increased from 4.9% to 118.6% over the past 5 years.


Balance Sheet

Inventory Level: 540744 has a high level of physical assets or inventory.

Debt Coverage by Assets: 540744's debt is not covered by short term assets (assets are 0.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 540744 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if 540744 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Mideast Integrated Steels's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540744's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 540744's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540744's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540744's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 540744's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average board tenure


CEO

Rita Singh (69yo)

₹15,680,000

Compensation

Mrs. Rita Singh serves as the Chairperson and Managing Director at Mesco Steels Limited. She serves as Chairperson and served as a Managing Director of Mideast Integrated Steel Limited until June 9, 2018.  ...


CEO Compensation Analysis

Compensation vs Market: Rita's total compensation ($USD218.28K) is above average for companies of similar size in the Indian market ($USD50.04K).

Compensation vs Earnings: Rita's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Rita Singh
Chairperson & MD0yrs₹15.68m0.078% 611.9k
Natasha Sinha
Joint MD26.1yrs₹18.46m0.0017% 13.1k
Sanjiv Batra
Independent Non-Executive Director5.4yrs₹470.00kno data
Hawa Chahar
Non-Executive Independent Director0.7yrsno datano data
Gurjeet Jawandha
Independent Non-Executive Director0yrs₹200.00kno data

5.4yrs

Average Tenure

69yo

Average Age

Experienced Board: 540744's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mideast Integrated Steels Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mideast Integrated Steels Limited
  • Ticker: 540744
  • Exchange: BSE
  • Founded: 1992
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹781.751m
  • Shares outstanding: 137.88m
  • Website: https://www.mescosteel.com

Number of Employees


Location

  • Mideast Integrated Steels Limited
  • Mesco Towers
  • H-1, Zamrudpur Community Centre
  • New Delhi
  • Delhi
  • 110048
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540744BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2017

Biography

Mideast Integrated Steels Limited engages in the extraction of iron ore and production of pig iron. Its products include iron ore fines, calibrated lump ore, pig iron scrap, coke breeze, granulated slag, and lime slurry. The company was incorporated in 1992 and is based in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 13:35
End of Day Share Price2020/02/20 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.