National Steel & Agro Industries Ltd

National Steel & Agro Industries Ltd (NATNLSTEEL)


Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 66
Rank 66
Rank 71
Dividend Yield
Rank 22
Rank 86
Price To Book Ratio
Rank 66
Debt To Asset
Rank 71

Company Information

National Steel Agro Industries Ltd earlier known as National Steel Industries a Ruchi group company copromoted by Madhya Pradesh Audhyogik Vikas Nigam to manufacture galvanised plain GP and galvanised corrugated GC sheets and coils set up a GP/GC plant with 40000tpa capacity in 1987 in technical collaboration with Cockerill Works Belgium. The capacity has since been expanded to the present 130000.Galvanised sheets manufactured by the company are used in building and construction automobiles appliances and agriculture and are marketed under the Peacock brand. Exports are done through international trading companies based in Singapore Malaysia and Europe. The products are ultimately sold in West Asia West Africa Sri Lanka Bangladesh Burma Vietnam Ghana Zambia and Kenya.A unit for coldrolled steel sheets and coils was set up in 199293 in technical collaboration with three world leaders CMI Belgium Stein Heurty France and Phoenix Works Belgium. The coldrolling mill started commercial production from Sep.94 and caters to its GP/GC plant.The companys fully computerised galvanising line incorporates the worlds latest Dagal process comprising superior surface cleaning and preparation techniques. It also has facilities for computeraided annealing followed by hot dip galvanising in a zinc bath. The resultant products adhere to Indian and international standards such as ASTM JIS DIN and BIS.The company increased its installed capacity to 130000 TPA for manufacturing G.P./G.C.Coils/Sheets to 120000 for C.R.Coils/Sheets in 20002001. Since the demand for the Steel is very much optimistic the company is in the process of setting up a Color Coating Plant and also expand its production facilities by 100. The above said expansion and is expected to go streamline in the second half of the financial year 200405. The project is being financed by way of term loans and further issue of share capital. During 200203 the company has issued 1187000 RCP Shares at par to NRI and Bodies Corporate on private placement basis to part finance the above said project.
OrganisationNational Steel & Agro Industries Ltd