Share the post "East Coast Steel Ltd Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
East Coast Steel Ltd has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 0.10 | 0.11 | 19.09 | 19.82 | +0.73 % |
| Public | 0.44 | 0.43 | 80.44 | 79.71 | -0.73 % |
| DII | 0.00 | 0.00 | 0.47 | 0.47 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters’ shareholding increased from 19.09% in December 2023 to 19.82% in March 2024. This rise indicates that the promoters have strengthened their control over Company during this period.The percentage of shares held by the public decreased from 80.44% in December 2023 to 79.71% in March 2024.This reduction indicates that the public’s stake in the company diminished during this period.DIIs (Domestic Institutional Investors) shareholding remained unchanged at 0.47% from December 2023 to March 2024. This indicates that domestic institutions maintained their investment level in the company. During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| PRUTHVIRAJ SOMCHAND PARIKH | 0.001 | 0.005 | 0.16 | 0.89 | + 0.73 % |
PRUTHVIRAJ SOMCHAND PARIKH has showcased a remarkable improvement in profitability for this quarter, registering a significant increase of 0.73 % in net profit. This signifies adept cost management strategies, amplified revenue streams, or a harmonious blend of both, underscoring the shareholder’s positive impact on the company’s financial health.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.147 | 0.145 | 27.25 | 26.82 | -0.43 % |
| Non Resident Indians (NRIs) | 0.008 | 0.008 | 1.45 | 1.56 | + 0.11 % |
| Bodies Corporate | 0.188 | 0.186 | 34.87 | 34.44 | -0.43 % |
| Any Other (specify) | 0.023 | 0.023 | 4.19 | 4.22 | + 0.03 % |
| HUF | 0.003 | 0.003 | 0.52 | 0.55 | + 0.03 % |
Observations indicate a sizeable -0.43 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Non Resident Indians (NRIs) lifts the bar with a remarkable 0.11 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.43 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Any Other (specify) lifts the bar with a remarkable 0.03 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, HUF lifts the bar with a remarkable 0.03 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.
14
3-Year Profit
9
5-Year Profit
0
10-Year Profit
25.0
Current Price
13.5
Market Cap
For the company identified by BSE code 520081, the financial performance highlights a solid five-year profit of 9 percents. This figure escalates to 14 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 410 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at -22 percents but has since plummeted to -24 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at -9 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
Currently valued at ₹13.5 crore, the company's stock price stands at ₹25.0. Over the years, it has seen significant fluctuations, with its price ranging from ₹35.1 / 17.7, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at , suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹35.9, which represents the net asset value of the company per share. The dividend yield of 0.00% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 0.18%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at -0.15%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.13, signaling conservative financial management. However, the net cash flow is negative at ₹15.2 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 5.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 0.70, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
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