(i) Electrosteel Steels Ltd has set up 2.51 Million Ton Per Annum (MTPA) Greenfield Integrated Steel Plant near Siyaljori village, in the Bokaro district of Jharkhand. It primarily consists of a Sinter Plant, Coke Oven, Blast Furnace, Basic Oxygen Furnace, Billet Caster, Wire Rod Mill, Bar Mill, and Power Plant. ESL has established excellence at every stage of production by bringing international expertise and solutions from reputed manufacturers. Along with the latest technology, the plant operates in synchronization with the highest ecological standards.
(ii) The Company’s product range includes Pig Iron, Billets, TMT Bars, Wire Rods and Ductile Iron Pipes.
(iii) NCLT Case:
Due to huge debt on the company, the banks took the company to NCLT as they were unable to pay its debt obligation. And in the NCLT, Vedanta acquired the company. The following restructuring was done in the company.
a) The Board of the Company has been reconstituted on June 4, 2018, i.e. the effective date with nominees of Vedanta being inducted as a member of the Board.
b) Vedanta Star Limited (a wholly-owned subsidiary of Vedanta Limited) has on June 04, 2018, deposited Rs. 532,000.00 lakh in an escrow account (“Escrow Account”) of the Company for payment to financial creditors of the entire amount of sustainable debts in terms of the ARP out of total Outstanding amount of Rs. 12,71,913.21 lakhs and the same has been remitted to them on June 21, 2018.
c) 739,91,32,055 equity shares of Rs. 10 each were allotted on June 6, 2018, to financial creditors converting the non-sustainable debt to equity.
d) On June 14, 2018, the existing 980,83,67,078 equity shares including those allotted on June 6, 2018, to financial creditors as above have been reduced from Rs. 9,80,836.71 lakhs to Rs. 19,616.73 lakhs divided into 980,83,67,078 equity shares of Re. 0.20 each fully paid-up.
Simultaneously, 50 such shares of Re 0.20 each thereafter have been consolidated into 1 fully paid-up equity share of Rs. 10 each. The amount of Rs. 9,61,219.97 lakhs reduced as above in compliance with the Order of Hon’ble NCLT has been credited to Capital Reserve.
e) On June 15, 2018, 176,55,06,078 fully paid equity shares of Rs. 10 each were allotted to Vedanta Star Limited against the money deposited in Escrow Account, leaving the balance of Rs. 355,449.39 lakhs to be considered as long term interest-bearing loan.
f) Consequent to the above allotment and consolidation of shares, the equity share capital of the company stands at Rs. 19,61,67.34 lakhs divided into 196,16,73,420 equity shares of Rs.10 each. (ARP) by NCL
(iv) And finally, the company was acquired by Vendanta in 2018 and delisted the company from exchanges. The delisting price offered was Rs.9 per share. From thereon, the company has performed really well in terms of financials.
(v) When the Electrosteel was delisted, the EV was around 5300 Cr.
Business Performance of ESL Unlisted Share in Fy21-22
1. In FY22, ESL produced the most hot metal ever (1.355 MT, up 5% YoY), as well as the most saleable amount ever (1.260 MT, up 6% YoY).
2. EBITDA margins have shrunk by 20% year over year, mostly as a result of rising iron ore prices and an unusual rise in the price of coking coal over the year.
3. To reduce the cost of iron ore (the raw material used to make a steel) the ESL has acquired 2 mines namely (i) Nandidih Iron ore Block (BICO) & (ii) Nandidih Iron Ore & Manganese Block (FEEGRADE) in Barbil, Odisha through the auction process conducted by government of Odisha. This will give them backward integration facility for making steel.
4. In the year FY22, the prices have been impacted by global economic slowdown, Russia – Ukraine war, the emphasis on development projects, demand-supply forces, and government spends and policies. The company is expecting that Steel demand will remain stable in 2022 and there will be sharp correction in prices of Coking coal and iron ore prices.
5. In the month of May-22, Government has imposed export duty on the products i.e.- Pig iron, TMT & Wires rod and increased export duty on all grades of iron ore. Government has also removed duty on coking coal. Removal of import duties on coking coal and increase in export duty for iron ore will ease cost of production for steel. However, imposition of export duty on steel will have negative effect on domestic steel price sentiment.
Total Available Shares: | Not Available |
Face Value: | ₹ 10 Per Equity Share |
ISIN: | INE481K01021 |
Lot Size: | 1000 Shares |
Current Unlisted Share Price: | ₹ 44 Per Equity Share |
Retail Discount: | Bulk Deal (1%) |
Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | FV | EPS |
2017 | 2875 | 141 | 5% | -1,463 | -51% | 240.92 | 10 | -6.07 |
2018 | 3621 | 423 | 12% | -6,138 | -170% | 240.92 | 10 | -25.48 |
2019 | 5006 | 883 | 18% | 1,188 | 24% | 196.17 | 10 | 6.06 |
2020 | 4481 | 668 | 1.5% | -22 | -0.5% | 184.9 | 10 | -0.12 |
2021 | 4899 | 977 | 19.9% | 2732 | 56% | 184.9 | 10 | 14.78 |
2022 | 6799 | 767 | 11.28% | -92 | 1.3% | 184.9 | 10 | NA |
Particulars (in Cr) | Fy22 | Fy21 |
Revenue | 6799 | 4899 |
Cost of Material Consumed | 4591 | 2682 |
Gross Margins | 32.48% | 45.25% |
Change in Inventory | -250 | 130 |
Employee Benefit Expenses | 161 | 154 |
Other Expenses | 1530 | 953 |
EBITDA | 767 | 980 |
EBITDA Margins | 11.28% | 20.00% |
Finance Cost | 338 | 376 |
Depreciation | 345 | 346 |
Exceptional Loss | 58 | 273 |
PBT | 26 | -21 |
Deferred Tax | 118 | -2752 |
PAT | -92 | 2731 |
Particulars (in Cr) | Revene | OPM | PAT | NPM | EPS | P/E |
Tata Steel | 63,490 | 26% | 40,154 | 16.46% | 32.88 | 3.27 |
JSW Steel | 39,114 | 27% | 20,665 | 14.11% | 85.49 | 7.76 |
Sail | 21,342 | 21% | 12,243 | 11.83% | 29.64 | 2.59 |
Jindal Steel | 14,031 | 27% | 9,690 | 11.26% | 56.4 | 6.78 |
Electrosteel | 6799 | 11.28% | -92 | 1.30% | N/A | N/A |
Please find below the procedure for buying Electrosteel Steels Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Electrosteel Steels Limited Unlisted Shares at UnlistedZone.
Lock-in period of Electrosteel Steels Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Electrosteel Steels Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Electrosteel Steels Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Electrosteel Steels Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Electrosteel Steels Limited Unlisted Shares Instantly?
The Electrosteel Steels Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Electrosteel Steels Limited Unlisted Shares.
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Abhayparmar
I am interested in ESL shares want to buy anyone who wants to sell.
sumit chopra
I want to sell 1694 shares at PE of 15. CURRENT EPS is 15 per share. Pls call if interested in buying shares at 150 per share.
varun mangla
Hi I want to sell my shares .
What is the price you can offer?
Umesh Paliwal
Hi Varun,
Currently, we are offering Rs.55 per share for ESL Shares…If your are interested, do drop us an email at Sales@unlistedzone.com.
Raghu91
Hi Umesh,
i want to sell 2000 ESL share, Please let if you have update the price from 55
Thanks
VirendraSahu
Yes I am interested to 590 shares @ 55.
Raghu91
i want to sell what is your bid
Inrasha
i
Inrasha
Yes I want to sell 1000 shares @70/share,
Umesh Paliwal
Currently, we are buying shares of Electrosteel at Rs. 40 per share.
Inrasha
Yes have 1000 shares wish to sell, what is the best price you offer, let me know if you are serious buyer.
inrasha
Ajit
If anyone wants to sell ESL shares then I am ready to buy @20 Rs / Share.
Sandeep Challa
I have 3000 shares
Ajit
If anyone wants to sell @20 Rs/share Then contact on sales@unlistedzone.com
sandeepemmidi
I can purchase @ 30 Per share.
SHIVAJI
I wanted to buy @25
qwmk qa
YES, I M INTERSETED
radhi
Did you buy or you still want?
gauravmarwah
Hi
I have 1000 no shares of electrosteel steel Ltd. What’s the current prices in which I can immediately sell…
arvind
Anybody interested in selling shares of ESL, please contact me with price and quantity.
Vivek Kumar Singh
I have 20000 (Twenty thousand shares), can sell all @ Rs 660/- per share. Any lower offer not acceptable to me as my purchase price was above Rs 13 about 6-7 years back. Now current 1 share is equivalent to 50 shares of that time because of conversion. Thanks.
Can contact me by email sales@unlistedzone.com
himanshu
I am planing to sell 8362 share@300
Please let us know your view
Tejas Patel
Hello Arvind,
I would be interested in selling ELECTROSTEEL STELL shares .
I have around 6500 shares with me.
Please let me know what price you will be quoting ?
happy
I would need 1000 shares of esl what price you can offer
Ajit
I can buy @30 Rs/share
Contact on seven zero two zero eight two five eight two six
happy
What price you are offering
varun1989
Hi Aravind,
I have about 9200 shares of ESL. I can sell all @65.
Let me know if you are interested.
Thanks
Varun
Ajit
I can buy @30 Rs/share
Contact on seven zero two zero eight two five eight two six
Ajit
Company Name Changed to “ESL Steel Limited” after amalgamation with Vedanta Star Limited. Now Promoter held near about 96% shares of Company.
ESL performance improving day to day. Good Days Ahead. Steel sector will see huge demand in future.
6eshwar9
Kejriwals of Electrosteel acquired Lanco Sri Kalahasti and made the share holders of Sri Kalahasti pipes rich…..Agarwals of VEDANTA acquired ESSL and made the share holder paupers.Many invested in ESSL shares assuming this would fan out the LANCO SKL way, but many were duped.
mksind2000
I am having ESL shares of 120. I will sell at Rs 250 per share
If anybody interested please contact 8978944559
vinoth
Hi,
I have 200 shares of Electro Steel Limited. Last price when it got delisted was around 33.
I would like to know, If I can sell these shares. I am okay for any price above 30 Rs.
Contact me by email if interested.
HarvinHarris
I can buy ur shares at 30 all 200. U can list it and let me know
sumedhchavan
Are interested in selling the shares?
radhi
Are you interested in buying
mksind2000
I am having Electro steel shares. If any body interested.
Shaleen
I want to sell my 2000 shares of ESL
sourabh
ican buy
Jay Shanker ojha
I have 10000 share of electrosteel .Selling price is Rs 11 per share
Market Wizard
Please drop us an email at sales@unlistedzone.com for further process.
HarvinHarris
List it. i can buy it
sairam.pega@gmail.com
i am interested in buying all the 10000 shares.
Inrasha
Yes, i will buy your shares @10 /-list whole lot.
Harinath B
Iam having 400 shares and will sell each shares per Rs 40/- ,If ur interested pls call me 9640287520
radhi
You still want to buy?
I work in a company where we sell Pre-iPos
Bhagwan parge
I would like to buy … At what price?
8010009625 WhatsApp
Pradeep Kumar
In the Feb, 2020 vedanta mentioned it hold the ESL 95.48 percent. I have some shares of ESL. What does this mean to public share holder, Any idea?
Does this mean they may issue vedanta shares for ESL? If so, what could be the swap ratio.
Market Wizard
As per the resolution plan.
1. The Electrosteel has total debt of 12,719 Cr when the banks took it to NCLT in 2017.
2. In the NLCT, the Vedanta bid was accepted.
3. The 12,719 Cr loan was restructured in two ways:
a) Rs. 5320 cr paid by Vendanta to banks.
b) Rest Rs. 7399 cr debt was converted into equity and shares were given to banks.
4. And finally, after the consolidation of equity shares in 50:1, the total shares left in the company were ~196 Cr.
5. Vedanta has given 90% shares i.e 176.4 Cr, Banks were given 14.78 Cr, and rest 4.82 Cr shares were there with the public.
As discussed above, Vedanta has put Rs. 5320 in the company and that money was given to banks. But how that is adjusted in the balance sheet?
Rs. 1760 cr in the form of equity and rest 3550 cr was introduced as debt in the company.
Now, what you are saying, the Vedanta might have bought the shares from the public. There is no news of merging of the acquired business into Vedanta.
Even if Vedanta looking for a merger, the swap ratio will be find out by valuing the business on the date of merging.
Swadhin Mandal
Fy20 result?plz
Ajit
NCLT Kolkata already approved Merger of Vedanta Star Limited with Electrosteel Steels Limited.
They Alloted ESL shares to Vedanta against VSL shares.
After Merger the new entity will get new face and will rename as “Vedanta Steel Limited” or other name which approve by board.
So Within Next 2-3 months picture will be clear what happens next.
I think in next AGM company will come up with some positive resolutions before shareholders for approvals.
So wait couple of months. Company performing very well.
Kuber
Any idea when will the shares relist
Market Wizard
As such there is no news from the management side regarding the listing of Electrosteel Steels.
Kumud
I have 2050 shares of electrosteel steel Ltd after its delisting.i am interested in selling.
Ajit
On what price you are selling.
Ajit
I want to sell 1000 Electrosteel Steel ( Vedanta Steel Ltd) Shares @130/share
pankaj gupta
i want purchase shares in this company. kindly tell me price.
thanks.
Market Wizard
Not available.
Anurag
I have 790 shares. Will sell @ 350/share
James
I have 999 shares. Will sell at 350/share
Market Wizard
Currently, the share selling rate is Rs. 10 per share.
sourabh
gve me at 10 rs
Raj
I want to sell 800 Electrosteel Shares @ 30/share
Market Wizard
Currently, the price is Rs. 10 per share.
Rahmat Ali
Hi , I am interested in buying your shares . Pls let me know your final price and contact details
Regards
Rahmat
Market Wizard
At present we are selling at Rs 15 per share. Please drop an email at sales@unlistedzone.com for further communication.
naresh kuhar
me interested for buying electrosteel steel limited share at rs 10
shivam99
hi naresh, if you are still interested in buying ESL shares contact me
arvind
Hi, I am interested to buy. Please inform the price and quantity available.
Ajit
I can buy @30 Rs/share
Contact on seven zero two zero eight two five eight two six
radhi
Sir please contact us on 08010009625 we sell such types of share and many more companies shares