Company Update: Visa Steel Ltd

Visa Steel Ltd

CMP Rs39


We recently met the management of Visa Steel Ltd, a part of the Visa group and returned with a positive view. Visa Steel is a multi-product company with a product portfolio that includes pig iron, sponge iron, coke and chrome concentrates. Visa Steel currently has a capacity of 0.225 mtpa pig iron, 0.3 mtpa sponge iron, 0.4 mtpa coke oven and 50MW of captive power plant. With the new capacities operational and price dynamics remaining positive for the company, we expect Visa Steel's revenue to witness a 44.3% CAGR in top-line and an 88.2% CAGR in PAT over FY07-10.


ä       Visa Steel's coke division to add Rs3.4bn in FY09E and Rs4.5bn in FY10E

ä       Revenue to witness a CAGR of 44.3% over FY07-10E

ä       JV with Baosteel, to be beneficial in the long term


Click below for the Company Update on Visa Steel Ltd.






Warm Regards,


India Infoline Research Team


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