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Nova Iron & Steel Ltd.
Main Activities: Primary Metal Manufacturing
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Company Information |
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Full name Nova Iron & Steel Ltd. Legal Address Village Dagori,, Tehsil Belha., ; Bilaspur; Chhattisgarh; 495224 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : INE608C01018 Financial Auditors: Antima & Goel (2012) Tel: 285206/ 285226/ |
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Company Description |
| Incorporated in 1995, it is part of the Nova Group. The company produces sponge iron, the plant is located at Dagori in Chattisgarh. As of September 2003, the company held around 29 percent of the equity in the company. |
Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 699.25%, from INR 9.33 tens of millions to INR 74.57 tens of millions. Operating result decreased from INR -5.61 tens of millions to INR -15.62 tens of millions which means -178.43% change. The results of the period decreased -85.25% reaching INR -15.82 tens of millions at the end of the period against INR -8.54 tens of millions last year. Return on equity (Net income/Total equity) went from -4.88% to -55.74%, the Return On Asset (Net income / Total Asset) went from -19.70% to -15.74% and the Net Profit Margin (Net Income/Net Sales) went from -91.53% to -21.21% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 257.58% compared to 0.22% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.87 to 6.43 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2013 Q3C (non-cons) |
2013 H1 (non-cons) |
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| Non-Audited | Non-Audited | |
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| Dion Global Solutions - AsianCERC | Dion Global Solutions - AsianCERC | |
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| Unit | Tens of Millions) | Tens of Millions |
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Balance Sheet
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Shareholders Equity |
36 |
151 |
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| * All the accounts are in INR. | ||
Income Statement
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Total Operating Revenue |
93 |
69 |
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Operational Profit (Loss) |
-15 |
-11 |
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Net Profit (Loss) |
-8 |
-7 |
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| * All the accounts are in INR. | ||
Ratios
| Profitability Ratios | ||
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Return on Equity (ROE) |
-24.68% |
-4.9% |
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Annualised Return on Equity (ROE) |
-32.91% |
-9.8% |
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Return on Sales (ROS) |
100% |
100% |
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