Crescent Steel and Alied Products Accounts/Stock Review

Introduction:

Crescent Steel and Allied Products Limited was incorporated as a public limited company in Pakistan and is quoted on Pakistan Stock Exchange. The registered office of the Company is located at BOP Tower Main Boulevard, Gulberg-III, Lahore.  The Company’s steel segment is one of the downstream industries of Pakistan Steel Mills, manufacturing large diameter spiral arc welded steel line pipes at Nooriabad (District Dadu). The Company has a coating facility capable of applying three layer high density polyethylene coating on steel line pipes. Crescent textile mills ltd is a major shareholder with 11% shareholding of outstanding shares of the company.

Website:

http://www.crescent.com.pk/

Strategic Investments:

 

	Marketability	No of shares	Equity held (%)	ExpFair-value
Shakarganj Energy (Private) Limited	Unquoted	8.5 Crore	100
CS Capital (Private) Limited	Unquoted	4.7 Crore	100
Crescent Hadeed (Private) Limited	Unquoted	6 Crore	100
Altern Energy Limited	Quoted	6 Crore	16.64
Shakarganj Limited	Quoted	1.5 Crore	21.93

Income Profile:

Quarterly Income:

Crescent Steel and Allied Products
	Total No of Shares: 6.2 crore                               KSE Symbol: CSAP
	2016				2017
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
EPS StandAlone	1.88	3.25
Eps StandAlone cumulative		5.13
EPS Consolidated	2.67	4.22
EPS Con Cumulative		6.89
Benefits	NIL	DIV 1.5 RS

Annual Income and Distribution:

 

Year Ending: JUN                                                                                                           KSE Symbol: CSAP
	2012	2013	2014	2015
EPS STANDALONE	6.05	13.14	5.80	1.71
EPS
No of Shares				6.2 CRORE
Benefits	DIV 2 RS	DIV 3.5 RS BONUS 10%	DIV 2.5 RS	DIV 0.7 RS RIGHTS 25%

Work-in-Progress:

 

The outlook remains promising for the rest of the financial year as significant projects have been awarded to the Company by gas transmission companies. Further, in order to cater to the current orders in hand and expected increase in demand of large diameter steel pipes owing to infrastructure developments projects announced by the Government, the Company has decided to augment its capacity for line pipe production by adding another SP Line, Coating Systems and other ancillary machinery at existing site of steel division at Nooriabad Industrial Area.

Stock Price View:

	Time Period	Maximum	Minimum	Average
Stock Price	JAN 13-JAN 16	132.1	31.38	58.11