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India Steel Works Ltd.

BSE: 513361 | NSE: ISIBARS | Series: NA | ISIN: INE072A01029 | SECTOR: Steel - Medium & Small

BSE Live

Oct 28, 16:00
1.38 -0.04 (-2.82%)
Volume
AVERAGE VOLUME
5-Day
313,597
10-Day
337,144
30-Day
269,885
404,133
  • Prev. Close

    1.42

  • Open Price

    1.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
2.15 -0.15 (-6.52%)
Volume
No Data Available
1,183
  • Prev. Close

    2.30

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

India Steel Works is not listed on NSE

Annual Report

For Year :
2018 2017 2016 2014 2004

Chairman's Speech

Hon'ble Members, Once again I have the privilege of placing before you the Annual Accounts of our Company ISIBARS LIMITED for the financial year 2003-2004. I do so with touch of optimism and a positive outlook of the results. I am aware that you, Honourable Members, will perhaps have some mixed responses to the, Report, you would have observed, that the financial turnover has decreased. Surging energy costs and severe in cost of inputs are both contributing factors, you would appreciate the bearing these have on a steel manufacturing Company. As you all are aware these factors have affected, the Country's steel industry in general and most companies are facing financial constraints. We are no exception. Your Company, however, can enjoy the benefits of improved business cycle in the. steel industry with enhancement of working capital, finance. Still we have been able to generate a small operating profit before interest and depreciation. By stringent production and control measures the percentage loss has also reduced. Another word of cheer is that the Company has got its Corporate Debt Restructuring (CDR) Scheme approved with the support of super majority of the participating financial Institutions and Banks. This will enable us to reschedule the financial outlay and reduce interest to a rational level. In the foreseeable future, however, Honourable Members, I see the graph of the Company arise upwards, the first sign perhaps of what could be an exponential growth in profits in the years to come. The trust and the hope that you Honourable Members have reposed in the Company has helped us reach the end of the tunnel, the light beckons. Your faith in the Company shall not go in vain and God willing we shall together share much more cheering news in the Coming year. With Good wishes and Warm regards, I remain, Yours Sincerely, Harbans Lal B Gupta Chairman