Kanishk Steel Industries Ltd
KANI

Kanishk Steel Industries Ltd (513456)

₹30.50.32%

Key Stats

₹29
Day's Price Range
₹31.7
₹12.42
52-Week Price Range
₹45.35
1 Month Return-13.89 %
3 Month Return-6.18 %
1 Year Return135.47 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 36
17.27
EPS
Rank 47
₹1.76
BVPS
Rank 47
₹14.11
Dividend Yield
Rank 21
ROE
Rank 37
11.02%
Price To Book Ratio
Rank 37
2.15
Debt To Asset
Rank 30
0.7

Company Information

Promoted by the Gupta brothers in 1989 as a private limited company Kanishk Steel Industries has an installed capacity of 50000 tpa to manufacture various steel products like tors rounds squares and profiles and structurals like channels joints Ibeams etc. It became a public limited company in Apr.92 and entered the capital market in Nov.92 to fund its expansion programme. The company has embarked on an ecofriendly process of power generation through wind mills by installing a 6MW wind power project and has already started generating 4 MW. To augment resources for this project it offered a 1:1 rights issue of FCDs aggregating Rs 25 cr. The issue was also instrumental in increasing the capacity of the steel rerolling mill from 50000 tpa to 66000 tpa. A sizeable portion of its production is through conversion contracts with Indian Iron Steel Company Rashtriya Ispat Nigam and other producers of semis. The company has expanded and diversifed its activities at a cost of Rs 400cr integrated steel project cap.: 3 lac tpa of steel billets a technical assistance agreement was signed in Nov.94 with the Chongquing Iron Steel Company China.
OrganisationKanishk Steel Industries Ltd
HeadquartersChennai
IndustrySteel