Nova Iron & Steel Ltd.

NOVIS

₹13.29

-0.45% (-0.06)

Market Cap

₹48 Cr.

P/E

0.00

About

Nova Iron & Steel is engaged in the manufacturing/trading of Iron & Steel, Metals business. The company is manufacturing Sponge Iron at its plant at Village Dagori, Chhattisgarh. Sponge Iron is a meta… Read more

Nova Iron & Steel is engaged in the manufacturing/trading of Iron & Steel, Metals business. Th… Read more

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Timeline

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Company Timeline

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Forensics

6 Yes

Positive for this company

2 Neutral

Neutral for this company

9 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Promoter Holding

Promoter has not sold any shares in the last 90 days
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

Working Capital

Working capital of the company seems to be under control
Sales Growth

Sales of the company has grown at a good pace
ROE

Financial leverage has increased roe over 10 years
Capex vs ROCE

Roce of the company has decreased even without significant capex
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Debt

Company might have issues servicing its debt
Share price

Share price has increased over last 10 years but more due to rerating
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong
Balance Sheet Strength

Balance sheet is weak and might have solvency issues

Revenue mix

Product Wise Break-Up

Peer Comparison

FAQs on Nova Iron & Steel Ltd. Business

What does Nova Iron & Steel do?

Nova Iron & Steel is a company engaged in the manufacturing and trading of Iron & Steel products. They specialize in producing Sponge Iron through Direct Reduction of Iron Ore at their plant in Chhattisgarh.

Who are the competitors of Nova Iron & Steel?

Nova Iron & Steel major competitors are Supreme Engineering, NewMalayalam Steel, Rathi Bars, Metal Coatings (I), Deem Roll-Tech, Unison Metals, Kalana Ispat.
Market Cap of Nova Iron & Steel is ₹48 Crs.
While the median market cap of its peers are ₹51 Crs.

Is Nova Iron & Steel financially stable compared to its competitors?

Nova Iron & Steel seems to be less financially stable compared to its competitors.
Altman Z score of Nova Iron & Steel is 0.32 and is ranked 7 out of its 8 competitors.

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Raw Material

Nova Iron & Steel Ltd.

Nova Iron & Steel Ltd.

About

Timeline

Company Timeline

6 Yes

2 Neutral

9 No

0 No Data

Accounting & Shareholding

Contingent Liabilities

Depreciation Effect

Other Income

Pledge

Promoter Holding

Retail Holding

Revenue Recognition

Price & Performance

Working Capital

Sales Growth

ROE

Capex vs ROCE

Current vs Historic Valuation

Debt

Share price

Margin Stability

ROCE Strength

Balance Sheet Strength

Product Wise Break-Up

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What does Nova Iron & Steel do?

Who are the competitors of Nova Iron & Steel?

Is Nova Iron & Steel financially stable compared to its competitors?

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