MUGHAL Mughal Iron & Steel Industries Limited

Mughal Iron & Steel Industries (MUGHAL) have a very good growth rate on its financials as 104.95% growth in sales, 76.39% in Gross Profits, 74.73% in Operating Profits, 84.56% in Net Profits and 70.59% in Earning per share was recorded on year on year bases in its annual reports for year ended 30th June 2015. While a growth rate of 89.38% in Sales, 60.91% in Gross profits and 11.59% in Net profits was reported in its quarterly report for quarter ended 31st March 2016 also a growth rate of 84.89%, in sales, 66.25% in Gross Profits and 55.05% in Net profits was recorded for nine months period ended 31st March 2016. Mughal also have ended its first year at stock market with a very positive note with net price growth rate of 107.06% on YOY bases. Material information released to SECP narrates that contracts awarded to Mughal will increase its local sales which are already very attractive and have a growth rate of 184.86% on yearly bases while it have a compound growth rate of 58.97% in its local sales during last five years. The world all products composite steel price soared by 13.8 percent, in May - the largest month-on-month increase, in percentage terms, for more than a decade.
In May, global steel values advanced for the fifth month in a row as European and North American selling figures continued to surge, by 19.3 percent and 13 percent, respectively, compared with those in April.
Stainless steel producers around the world are trying to lift their selling prices, by more than any adjustment for raw material costs, after a long period of stable, very low figures. Basis values were stuck at a point very close to the mills’ breakeven levels for a long time. The steelmakers are now taking advantage of a combination of market factors to put forward price advances that will make their businesses more profitable.
Purchasing activity has increased, in several regions.BRIC steel prices continued to rise, in May, despite underlying demand, in these countries, remaining relatively unchanged. BRIC average transaction price advanced across all flat and long products, except for Wire Rod. Brazilian coil and plate values escalated, in May, as domestic mills hiked up prices. Domestic steel manufacturers, in Russia, secured double-digit percentage price increases, month-on-month, across all products, despite a muted trading environment. In India, flat product prices increased marginally, in May. Long product figures fell, month-on-month, amid the recent price volatility and impending monsoon season..
In North America, where there has been a slight upturn in real demand, local producers introduced cuts to their list price discounts – effectively, raising basis values – in January and March of this year. Following the announcement of an investigation into alleged dumping, customers are reluctant to buy Chinese steel. With the resultant tightening of supply and extended delivery lead times, the mills applied another increase, in May, and further increments are not ruled out.
Antidumping measures against Chinese and Taiwanese cold rolled coil have been in place, in the European Union, for some time. Although this has not yet had an inflationary effect on transaction values, it brought about a closer balance between supply and demand. Supported by more expensive import offers, local producers are expected to have some success in securing higher basis figures, in June.

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ISL	Inter.Steel Ltd	38.1	16573.5
DSL	Dost Steels Ltd.	16.64	1122.61