Intrinsic Value

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

AM Mining India Pvt Ltd, part of ArcelorMittal and Nippon Steel joint venture, completed the acquisition of Uttam Galva Steels Ltd, a downstream steel manufacturer in Maharashtra

AM Mining India completes acquisition of debt-ridden Uttam Galva Steels

Last month, NCLT approved ₹4,050-crore resolution plan for Uttam Galva Steels

AM Mining India completes acquisition of Uttam Galva Steels

“It (resolution plan) shall be binding on the corporate debtor, its employees, members, creditors, including the central government, any state government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors and o…

NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel

Resolution amount was Rs 4,020 cr as per the plan

NCLT approves resolution plan by Arcelor affiliate for Uttam Galva

The claim on the company was ₹20,600 crore

NCLT clears ArcelorMittal’s ₹4,000-cr bid for Uttam Galva Steel

Uttam Galva Steels was put under the ‘Corporate Insolvency Resolution Process (CIRP)’ on an application made by the State Bank of India SBI for not repaying its debts.

India’s bankruptcy court approves ArcelorMittal arm’s resolution plan for Uttam Galva Steels

Uttam Galva Steels reports consolidated net loss of Rs 50.41 crore in the June 2022 quarter

Uttam Galva Steels reports standalone net loss of Rs 50.64 crore in the June 2022 quarter

Most sectors, barring IT, participated in the rally on June 24. Bank, auto, financial services, FMCG, and metal indices gained 1.2-2 percent

Uttam Galva Consolidated June 2022 Net Sales at Rs 238.42 crore, up 21.61% Y-o-Y

Dispute arises as resolution professional accepted only Rs 167 crore of claims

GAIL India moves NCLT to recover Rs 9,942 crore Uttam Galva dues

The Mumbai bench of the National Company Law Tribunal (NCLT) presided by members PN Deshmukh and KK Vohra reserved the order after hearing arguments from the counsels of the resolution professional (RP) Milind Kasodekar, the successful bidder and creditors.

NCLT reserves order in ArcelorMittal’s resolution plan for Uttam Galva Steel

Uttam Galva Steels Limited is an India-based company, which is engaged in the manufacturing of intermediate steel products. Its products include Cold Rolled Steel (CR); and galvanized products comprising of Galvanized Plain (GP), Galvanized Corrugated (GC), Color Coated Products (CCP), and Coils and Sheets. It is in the business of procuring Hot Rolled Steel (HR) and processing it into CR and further into GP and PPGI. Its CR products include Prepainted Steel, Continuous Coil Coating Line and Uttam Spectrum-Multiple Merits. Its GP can be used in construction of light steel framing; building studs; false ceilings; sandwich panels; ducting; heating, ventilation and air conditioning (HVAC) applications. GP can also be used in white goods, such as refrigerators, microwave ovens, washing machines, dish washers, air coolers, water coolers; office equipment, such as furniture, computers & peripherals; transport, such as bus bodies; and containers, such as grain storage bins, drums and barrels.

Uttam Galva Steels Ltd

Uttam Galva Steels Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

AM Mining India completes acquisition of debt-ridden Uttam Galva Steels

AM Mining India completes acquisition of Uttam Galva Steels

NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel

NCLT approves resolution plan by Arcelor affiliate for Uttam Galva

NCLT clears ArcelorMittal’s ₹4,000-cr bid for Uttam Galva Steel

India’s bankruptcy court approves ArcelorMittal arm’s resolution plan for Uttam Galva Steels

Uttam Galva Steels reports consolidated net loss of Rs 50.41 crore in the June 2022 quarter

Uttam Galva Steels Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

AM Mining India completes acquisition of debt-ridden Uttam Galva Steels

AM Mining India completes acquisition of Uttam Galva Steels

NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel

NCLT approves resolution plan by Arcelor affiliate for Uttam Galva

NCLT clears ArcelorMittal’s ₹4,000-cr bid for Uttam Galva Steel

India’s bankruptcy court approves ArcelorMittal arm’s resolution plan for Uttam Galva Steels

Uttam Galva Steels reports consolidated net loss of Rs 50.41 crore in the June 2022 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock