- Steel Authority’s net income for the 4th quarter was 10.1 billion rupees, which decreased by 3.8% year on year, but significantly exceeded the estimated 562 million rupees.
- The company’s revenue stood at 279.6 billion rupees, falling by 4% year on year, while still surpassing the prediction of 271 billion rupees.
- Total costs for the quarter were 264.8 billion rupees, indicating a reduction of 5.8% compared to the prior year.
- Raw material costs increased marginally, by 1.8% year on year, and were estimated at 151.1 billion rupees, higher than the estimated 143.36 billion rupees.
- Finance cost saw a rather major increase of 24% on the year, reaching 6.42 billion rupees, and exceeding the expectation of 6.05 billion rupees.
- Other expenses amounted to 71.52 billion rupees, marking a 1.8% decline year on year, and were lower than the expected 76.03 billion rupees.
- Other income experienced a significant 28% drop year on year to 3.53 billion rupees.
- Shareholders can expect a dividend per share payout of 1 rupee.
- 4Q exceptional costs reported at 5.02 billion rupees, substantially higher than the 404.2 million rupees reported the prior year.
- Market sentiment towards the company is mixed, with 3 buys, 5 holds, and 18 sells.
A look at Steel Authority of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Steel Authority of India Limited, an integrated steel manufacturing company, might have a promising long-term outlook based on the Smartkarma Smart Scores. Its strong performance in Value and Dividend scores of 4 indicates solid financial health and investor returns. Additionally, the high Momentum score of 5 suggests the company is experiencing positive price trends and market sentiment.
While the Growth and Resilience scores at 3 may suggest some room for improvement in expansion and risk management strategies, overall, Steel Authority of India Limited appears well-positioned for potential growth and stability. With a diverse product portfolio ranging from steel ingots to stainless steel and a major shareholder being the Government of India, the company seems to have a sturdy foundation for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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