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Uttam Galva Steels

NSEI:UTTAMSTL
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UTTAMSTL
NSEI
₹1B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Uttam Galva Steels Limited manufactures and sells cold rolled steel and galvanized steel products in India. The last earnings update was 68 days ago. More info.


Add to Portfolio Compare Print
  • Uttam Galva Steels has significant price volatility in the past 3 months.
UTTAMSTL Share Price and Events
7 Day Returns
6.7%
NSEI:UTTAMSTL
-0.2%
IN Metals and Mining
0%
IN Market
1 Year Returns
-27.6%
NSEI:UTTAMSTL
-22%
IN Metals and Mining
-1.1%
IN Market
UTTAMSTL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Uttam Galva Steels (UTTAMSTL) 6.7% -20.4% -20% -27.6% -71.4% -90.7%
IN Metals and Mining -0.2% -4.3% -8.4% -22% 41.9% -18.4%
IN Market 0% -1.8% -0.4% -1.1% 31.5% 36.1%
1 Year Return vs Industry and Market
  • UTTAMSTL underperformed the Metals and Mining industry which returned -22% over the past year.
  • UTTAMSTL underperformed the Market in India which returned -1.1% over the past year.
Price Volatility
UTTAMSTL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Uttam Galva Steels undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Uttam Galva Steels to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Uttam Galva Steels.

NSEI:UTTAMSTL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 24.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:UTTAMSTL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.033 (1 + (1- 35%) (6297.15%))
29.346
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:UTTAMSTL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Uttam Galva Steels is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:UTTAMSTL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 982.97 Est @ 5.88% 787.95
2020 1,045.73 Est @ 6.38% 671.95
2021 1,116.15 Est @ 6.73% 574.91
2022 1,194.04 Est @ 6.98% 493.01
2023 1,279.42 Est @ 7.15% 423.46
2024 1,372.43 Est @ 7.27% 364.12
2025 1,473.36 Est @ 7.35% 313.35
2026 1,582.58 Est @ 7.41% 269.80
2027 1,700.54 Est @ 7.45% 232.39
2028 1,827.79 Est @ 7.48% 200.23
Present value of next 10 years cash flows ₹4,331.17
NSEI:UTTAMSTL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,827.79 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹11,429.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹11,429.02 ÷ (1 + 24.75%)10
₹1,252.00
NSEI:UTTAMSTL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,331.17 + ₹1,252.00
₹5,583.16
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,583.16 / 142.26
₹39.25
NSEI:UTTAMSTL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:UTTAMSTL represents 0.99256x of BSE:513216
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99256x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 39.25 x 0.99256
₹38.95
Value per share (INR) From above. ₹38.95
Current discount Discount to share price of ₹8.00
= -1 x (₹8.00 - ₹38.95) / ₹38.95
79.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Uttam Galva Steels is available for.
Intrinsic value
>50%
Share price is ₹8 vs Future cash flow value of ₹38.95
Current Discount Checks
For Uttam Galva Steels to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Uttam Galva Steels's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Uttam Galva Steels's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Uttam Galva Steels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Uttam Galva Steels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:UTTAMSTL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹-150.82
BSE:513216 Share Price ** BSE (2019-06-25) in INR ₹8.06
India Metals and Mining Industry PE Ratio Median Figure of 138 Publicly-Listed Metals and Mining Companies 9.6x
India Market PE Ratio Median Figure of 2,825 Publicly-Listed Companies 15.38x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Uttam Galva Steels.

NSEI:UTTAMSTL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:513216 Share Price ÷ EPS (both in INR)

= 8.06 ÷ -150.82

-0.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Uttam Galva Steels is loss making, we can't compare its value to the IN Metals and Mining industry average.
  • Uttam Galva Steels is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Uttam Galva Steels's expected growth come at a high price?
Raw Data
NSEI:UTTAMSTL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Metals and Mining Industry PEG Ratio Median Figure of 17 Publicly-Listed Metals and Mining Companies 0.67x
India Market PEG Ratio Median Figure of 523 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Uttam Galva Steels, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Uttam Galva Steels's assets?
Raw Data
NSEI:UTTAMSTL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹-154.45
BSE:513216 Share Price * BSE (2019-06-25) in INR ₹8.06
India Metals and Mining Industry PB Ratio Median Figure of 167 Publicly-Listed Metals and Mining Companies 0.98x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 0.96x
NSEI:UTTAMSTL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:513216 Share Price ÷ Book Value per Share (both in INR)

= 8.06 ÷ -154.45

-0.05x

* Primary Listing of Uttam Galva Steels.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Uttam Galva Steels has negative assets, we can't compare the value of its assets to the IN Metals and Mining industry average.
X
Value checks
We assess Uttam Galva Steels's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Uttam Galva Steels has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Uttam Galva Steels expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Uttam Galva 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Uttam Galva Steels expected to grow at an attractive rate?
  • Unable to compare Uttam Galva Steels's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Uttam Galva Steels's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Uttam Galva Steels's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:UTTAMSTL Future Growth Rates Data Sources
Data Point Source Value (per year)
India Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
India Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:UTTAMSTL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:UTTAMSTL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 7,568 -21,460
2018-03-31 34,183 2,152 -8,813
2017-03-31 52,703 3,480 -4,375

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Uttam Galva Steels is high growth as no earnings estimate data is available.
  • Unable to determine if Uttam Galva Steels is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:UTTAMSTL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Uttam Galva Steels Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:UTTAMSTL Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 -150.82
2018-03-31 -61.95
2017-03-31 -30.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Uttam Galva Steels will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of UTTAMSTL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Uttam Galva Steels's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Uttam Galva Steels's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Uttam Galva Steels's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Uttam Galva Steels has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Uttam Galva Steels performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Uttam Galva Steels's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Uttam Galva Steels does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Uttam Galva Steels's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Uttam Galva Steels's 1-year growth to the IN Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Uttam Galva Steels's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Uttam Galva Steels Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:UTTAMSTL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,568.10 -21,460.10 896.30
2018-03-31 34,183.30 -8,812.60 1,021.00
2017-03-31 52,702.60 -4,374.70 1,056.70
2016-03-31 82,954.30 -10,514.40 1,163.20
2015-03-31 84,325.20 197.70 1,040.10
2014-03-31 54,404.50 296.70 3,539.00
2013-03-31 62,708.60 548.10 2,946.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Uttam Galva Steels has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Uttam Galva Steels has efficiently used its assets last year compared to the IN Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Uttam Galva Steels improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Uttam Galva Steels's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Uttam Galva Steels has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Uttam Galva Steels's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Uttam Galva Steels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Uttam Galva Steels's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Uttam Galva Steels's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Uttam Galva Steels's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Uttam Galva Steels has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Uttam Galva Steels Company Filings, last reported 2 months ago.

NSEI:UTTAMSTL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -21,977.20 68,172.90 287.60
2018-03-31 -709.40 60,067.30 459.60
2017-03-31 8,135.30 59,805.30 536.50
2016-03-31 12,289.40 41,657.20 1,018.40
2015-03-31 19,296.90 37,504.30 1,719.70
2014-03-31 12,641.60 35,732.70 1,378.70
2013-03-31 12,394.30 30,455.50 3,025.90
  • Uttam Galva Steels has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Uttam Galva Steels's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Uttam Galva Steels has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Uttam Galva Steels has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 72.7% per year.
X
Financial health checks
We assess Uttam Galva Steels's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Uttam Galva Steels has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Uttam Galva Steels's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Uttam Galva Steels dividends.
If you bought ₹2,000 of Uttam Galva Steels shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Uttam Galva Steels's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Uttam Galva Steels's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:UTTAMSTL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 3.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1449 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Uttam Galva Steels has not reported any payouts.
  • Unable to verify if Uttam Galva Steels's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Uttam Galva Steels's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Uttam Galva Steels has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Uttam Galva Steels's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Uttam Galva Steels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Uttam Galva Steels has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Uttam Galva Steels's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anuj Miglani
COMPENSATION ₹11,636,796
AGE 45
TENURE AS CEO 8.9 years
CEO Bio

Mr. Anuj Rajinder Miglani has been the Managing Director at Uttam Galva Steels Limited since July 2010. Mr. Miglani served as Deputy Managing Director and Chief Operating Officer of Uttam Galva Steels Limited until July 2010. He is managing the over all operations at the works and also playing significant role in over all management of Uttam Galva Steels Limited. He has been a Director of Uttam Galva Steels Limited since November 10, 2001. He serves as a Director of Uttam Galva Metallics Limited and Metallurgical Engineering and Equipments Limited. Mr. Miglani is a Graduate in Mechanical Engineering from the Imperial College of Science & Technology, London.

CEO Compensation
  • Anuj's compensation has increased whilst company is loss making.
  • Anuj's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Uttam Galva Steels management team in years:

8.9
Average Tenure
62.5
Average Age
  • The average tenure for the Uttam Galva Steels management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anuj Miglani

TITLE
MD, CEO & Director
COMPENSATION
₹12M
AGE
45
TENURE
8.9 yrs

R. Agrawal

TITLE
President
COMPENSATION
₹5M
AGE
59

Gursharan Sawhney

TITLE
Group CFO
COMPENSATION
₹9M
AGE
66
TENURE
5.2 yrs

L. Mehta

TITLE
COO & Executive Director of Operations
COMPENSATION
₹3M
AGE
69

M. Agrawal

TITLE
President of Commercial
TENURE
9.9 yrs
Board of Directors Tenure

Average tenure and age of the Uttam Galva Steels board of directors in years:

3
Average Tenure
65
Average Age
  • The tenure for the Uttam Galva Steels board of directors is about average.
Board of Directors

Rajinder Kumar Miglani

TITLE
Non-Executive Chairman
COMPENSATION
₹11M
AGE
73
TENURE
8.9 yrs

Anuj Miglani

TITLE
MD, CEO & Director
COMPENSATION
₹12M
AGE
45
TENURE
17.6 yrs

Gursharan Sawhney

TITLE
Group CFO
COMPENSATION
₹9M
AGE
66
TENURE
5.1 yrs

R. Dubey

TITLE
Independent Director
COMPENSATION
₹180K
AGE
65
TENURE
3.7 yrs

Rajiv Munjal

TITLE
Non- Executive Director
AGE
59
TENURE
2.3 yrs

Arvind Gupta

TITLE
Independent Director
AGE
47
TENURE
1.4 yrs

Jagath Chandra

TITLE
Independent Director
AGE
73
TENURE
1.2 yrs

Ravinder Arora

TITLE
Additional Director
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • Uttam Galva Steels individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
08. Apr 19 Sell Neelam Miglani Individual 03. Apr 19 03. Apr 19 -207,041 ₹10.04 ₹-2,077,850
28. Sep 18 Sell Rajinder Kumar Miglani Individual 24. Sep 18 28. Sep 18 -1,190,789 ₹11.08 ₹-13,177,846
24. Sep 18 Sell Archisha Investments Pvt. Ltd. Company 18. Sep 18 24. Sep 18 -1,567,000 ₹11.11 ₹-17,337,682
13. Aug 18 Buy Rajinder Kumar Miglani Individual 09. Aug 18 10. Aug 18 424,268 ₹12.48 ₹5,292,936
09. Aug 18 Buy Rajinder Kumar Miglani Individual 03. Aug 18 08. Aug 18 278,902 ₹11.40 ₹3,067,293
02. Aug 18 Buy Rajinder Kumar Miglani Individual 31. Jul 18 31. Jul 18 31,216 ₹9.10 ₹284,065
01. Aug 18 Buy Rajinder Kumar Miglani Individual 27. Jul 18 30. Jul 18 456,403 ₹8.75 ₹3,938,157
26. Jul 18 Buy Archisha Investments Pvt. Ltd. Company 20. Jul 18 20. Jul 18 1,567,000 ₹15.75 ₹24,680,186
X
Management checks
We assess Uttam Galva Steels's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Uttam Galva Steels has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Selling Uttam Galva Steels Limited (NSE:UTTAMSTL) Shares?

So before you buy or sell Uttam Galva Steels Limited (NSE:UTTAMSTL), you may well want to know whether insiders have been buying or selling. … All up, insiders sold more shares in Uttam Galva Steels than they bought, over the last year. … Insiders at Uttam Galva Steels Have Sold Stock Recently Over the last three months, we've seen a bit of insider selling at Uttam Galva Steels.

Simply Wall St -

Read This Before Buying Uttam Galva Steels Limited (NSE:UTTAMSTL) Shares

So before you buy or sell Uttam Galva Steels Limited (NSE:UTTAMSTL), you may well want to know whether insiders have been buying or selling. … That means that an insider was selling shares at around the current price of ₹10.20. … All up, insiders sold more shares in Uttam Galva Steels than they bought, over the last year.

Simply Wall St -

Is Uttam Galva Steels Limited's (NSE:UTTAMSTL) CEO Salary Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Anuj Miglani's Compensation Compare With Similar Sized Companies. … According to our data, Uttam Galva Steels Limited has a market capitalization of ₹1.7b, and pays its CEO total annual compensation worth ₹12m.

Simply Wall St -

Easy Come, Easy Go: How Uttam Galva Steels Shareholders Got Unlucky And Saw 84% Of Their Cash Evaporate

For example, we sympathize with anyone who was caught holding Uttam Galva Steels Limited (NSE:UTTAMSTL) during the five years that saw its share price drop a whopping 84%. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … Over five years Uttam Galva Steels improved its earnings per share from a loss-making position.

Simply Wall St -

How Uttam Galva Steels Limited (NSE:UTTAMSTL) Can Impact Your Portfolio Volatility

If you're interested in Uttam Galva Steels Limited (NSE:UTTAMSTL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Percentage Of Uttam Galva Steels Limited (NSE:UTTAMSTL) Shares Do Insiders Own?

Every investor in Uttam Galva Steels Limited (NSE:UTTAMSTL) should be aware of the most powerful shareholder groups. … Uttam Galva Steels is not a large company by global standards. … Check out our latest analysis for Uttam Galva Steels

Simply Wall St -

Is Uttam Galva Steels Limited's (NSE:UTTAMSTL) CEO Salary Justified?

In 2010 Anuj Miglani was appointed CEO of Uttam Galva Steels Limited (NSE:UTTAMSTL). … At the time of writing our data says that Uttam Galva Steels Limited has a market cap of ₹1.7b, and is paying total annual CEO compensation of ₹10m. … Thus we can conclude that Anuj Miglani receives more in total compensation than the median of a group of companies in the same market, and of similar size to Uttam Galva Steels Limited

Simply Wall St -

Why Uttam Galva Steels Limited's (NSE:UTTAMSTL) Ownership Structure Is Important

I am going to take a deep dive into Uttam Galva Steels Limited’s (NSE:UTTAMSTL) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Check out our latest analysis for Uttam Galva Steels

Simply Wall St -

Should You Worry About Uttam Galva Steels Limited's (NSE:UTTAMSTL) CEO Salary Level?

Anuj Miglani took the helm as Uttam Galva Steels Limited's (NSE:UTTAMSTL) CEO and grew market cap to ₹1.38b recently. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … See our latest analysis for Uttam Galva Steels

Simply Wall St -

Why Uttam Galva Steels Limited's (NSE:UTTAMSTL) Investor Composition Impacts Your Returns

Today, I will be analyzing Uttam Galva Steels Limited’s (NSEI:UTTAMSTL) recent ownership structure, an important but not-so-popular subject among individual investors. … Insider Ownership Another important group of shareholders are company insiders. … Thus, investors should dig deeper into UTTAMSTL's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: UTTAMSTL's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Company Info

Description

Uttam Galva Steels Limited manufactures and sells cold rolled steel and galvanized steel products in India. The company procures hot rolled steel and processes it into cold rolled steel, and further into galvanized steel and color coated coils. It offers cold rolling and cold rolled close annealed products; galvanized plain products and corrugated sheets; and color coated products. The company’s products are used in various applications, such as construction, household appliances, and transportation, as well as in containers, packaging, furniture, light fixtures, and computer peripherals. It also exports its products to approximately 132 countries, including the United States, Canada, Italy, Belgium, Greece, Germany, France, the United Kingdom, Spain, Australia, Japan, China, etc., as well as Africa, South America, and the Far East Asian countries. The company was founded in 1985 and is based in Mumbai, India.

Details
Name: Uttam Galva Steels Limited
UTTAMSTL
Exchange: NSEI
Founded: 1985
₹1,082,599,383
142,260,103
Website: http://www.uttamgalva.com
Address: Uttam Galva Steels Limited
Uttam House,
69, P.D'Mello Road,
Mumbai,
Maharashtra, 400009,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 513216 Equity Shares Mumbai Stock Exchange IN INR 05. Jul 1994
NSEI UTTAMSTL Equity Shares National Stock Exchange of India IN INR 05. Jul 1994
Number of employees
Current staff
Staff numbers
0
Uttam Galva Steels employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 12:49
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/04/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.