UNI ABEX ALLOY PRODUCTS LIMITED

Financials Uni Abex Alloy Products Limited

Equities

UNIABEXAL6

INE361D01012

Iron & Steel

Market Closed - Bombay S.E. Other stock markets 06:00:51 2024-05-10 am EDT			5-day change	1st Jan Change
2,875 ^INR	+0.04%		+0.56%	-7.09%

Apr. 01	Uni Abex Alloy Products Limited Announces Retirement of Farokh K. Banatwalla as Independent Director and Cessation as Member from Board and it's Respective Committees	CI
Feb. 09	Uni Abex Alloy Products Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Valuation

Fiscal Period: March	2018	2019	2020	2021	2022	2023
Capitalization ¹	1,171	859.1	728	774.1	1,156	1,936
Enterprise Value (EV) ¹	1,420	1,106	927.8	781.5	1,055	1,662
P/E ratio	86.2 x	9.13 x	13.6 x	7.24 x	9.4 x	10.4 x
Yield	0.25%	1.72%	1.36%	2.55%	2.14%	2.04%
Capitalization / Revenue	1.45 x	0.96 x	0.71 x	0.74 x	0.85 x	1.18 x
EV / Revenue	1.75 x	1.23 x	0.91 x	0.74 x	0.77 x	1.01 x
EV / EBITDA	18.8 x	6.8 x	4.89 x	3.83 x	5.06 x	5.91 x
EV / FCF	78.9 x	-31.3 x	23 x	4.56 x	9.68 x	8.58 x
FCF Yield	1.27%	-3.19%	4.36%	21.9%	10.3%	11.6%
Price to Book	3.53 x	2.03 x	1.59 x	1.39 x	1.76 x	2.37 x
Nbr of stocks (in thousands)	1,975	1,975	1,975	1,975	1,975	1,975
Reference price ²	593.0	435.0	368.6	392.0	585.4	980.0
Announcement Date	7/12/18	7/14/19	9/3/20	8/27/21	9/2/22	8/2/23

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2018	2019	2020	2021	2022	2023
Net sales ¹	809.8	898.6	1,024	1,050	1,367	1,640
EBITDA ¹	75.47	162.6	189.9	203.8	208.6	281.1
EBIT ¹	26.18	116.4	144.3	159.5	169	245.2
Operating Margin	3.23%	12.95%	14.09%	15.18%	12.36%	14.95%
Earnings before Tax (EBT) ¹	16.25	84.8	129.5	154.8	169.3	253.7
Net income ¹	13.6	94.1	53.62	106.9	123	185.3
Net margin	1.68%	10.47%	5.24%	10.18%	9%	11.3%
EPS ²	6.880	47.64	27.15	54.12	62.27	93.82
Free Cash Flow ¹	18	-35.31	40.42	171.5	109	193.6
FCF margin	2.22%	-3.93%	3.95%	16.33%	7.98%	11.8%
FCF Conversion (EBITDA)	23.85%	-	21.29%	84.14%	52.27%	68.88%
FCF Conversion (Net income)	132.39%	-	75.38%	160.41%	88.67%	104.48%
Dividend per Share ²	1.500	7.500	5.000	10.00	12.50	20.00
Announcement Date	7/12/18	7/14/19	9/3/20	8/27/21	9/2/22	8/2/23

¹INR in Million²INR

Estimates

Balance Sheet Analysis

Fiscal Period: March	2018	2019	2020	2021	2022	2023
Net Debt ¹	249	247	200	7.36	-	-
Net Cash position ¹	-	-	-	-	101	274
Leverage (Debt/EBITDA)	3.295 x	1.517 x	1.052 x	0.0361 x	-	-
Free Cash Flow ¹	18	-35.3	40.4	171	109	194
ROE (net income / shareholders' equity)	4.18%	25%	12.2%	21.1%	20.3%	25.1%
ROA (Net income/ Total Assets)	1.9%	7.59%	9.43%	10.3%	9.42%	12.5%
Assets ¹	714.8	1,240	568.4	1,037	1,306	1,477
Book Value Per Share ²	168.0	214.0	232.0	281.0	334.0	413.0
Cash Flow per Share ²	0.6600	4.230	0.2500	46.90	61.00	109.0
Capex ¹	33	17	35.8	18.3	21.2	35.8
Capex / Sales	4.07%	1.89%	3.49%	1.74%	1.55%	2.18%
Announcement Date	7/12/18	7/14/19	9/3/20	8/27/21	9/2/22	8/2/23

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
UNI ABEX ALLOY PRODUCTS LIMITED	-7.09%	68.01M
JSW STEEL LIMITED	-3.02%	24.29B
BAOSHAN IRON & STEEL CO., LTD.	+17.20%	20.89B
CHINA STEEL CORPORATION	-8.33%	11.58B
JINDAL STEEL & POWER LIMITED	+24.11%	11.07B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+15.95%	11.38B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	+10.96%	10.19B
TERNIUM S.A.	-2.21%	8.15B
BHARAT FORGE LIMITED	+12.78%	7.88B
JINDAL STAINLESS LIMITED	+19.72%	6.7B

Iron, Steel Mills & Foundries

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UNIABEXAL6 Stock
Financials Uni Abex Alloy Products Limited

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