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  2. •

    Non-energy minerals

  3. •

    Steel
Iskenderun Demir ve Celik AS

Iskenderun Demir ve Celik AS

BBIST:ISDMR
55.25
TRY
-1.60
(-2.81%)
4.39EPS
12.82P/E
163.13BMarket Cap
Oct 27Next Earn
Iskenderun Demir ve Celik AS
BIST:ISDMR
(Istanbul Exchange)

Recent

price

55.25

P/E

ratio

12.82

div

yld

-0.44%

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
1.79
2.16
2.04
2.23
3.67
5.48
5.67
5.84
12.59
21.38
30.56
38.08
41.71
44.28
Revenue per Share
0.13
0.34
0.2
0.33
0.82
1.42
0.74
0.84
2.23
2.32
1.59
4.92
2.11
4.39
Basic EPS, GAAP
0.29
0.03
0.51
0.44
0.92
1.06
1.08
1.02
-0.42
-0.4
1.41
0.55
0.26
-3.11
Free Cash Flow per Basic Share
- -
- -
0.3
0.18
0.55
0.7
1.21
0.18
2.78
3
- -
0.5
0.01
-0.24
Dividend per Share
1.43
1.91
2.27
2.93
3.44
5.42
5.58
7.58
13.5
17.86
29.66
40.21
50.89
53.81
Book Value per Share
1.39
1.87
2.23
2.87
3.38
5.34
5.42
7.37
13.12
17.56
29.15
39.58
50
53.18
Tangible Book Value per Share
2,900
2,900
2,900
2,900
2,900
2,900
2,900
2,900
2,900
2,900
2,900
2,900
2,900
2,900
Basic Weighted Avg Shares
5,204
6,269
5,916
6,471
10,633
15,882
16,453
16,924
36,500
62,010
88,612
110,437
120,955
128,407
Sales/Revenue/Turnover
15.69
19.24
12.48
19.52
26.76
31.13
15.69
17.92
36.5
13.82
5.02
5.99
5.8
6.06
Operating Margin (%)
205
243
290
354
407
516
652
776
928
1,607
3,001
4,000
130
723
Depreciation Expense
388
997
575
943
2,382
4,109
2,155
2,423
6,468
6,726
4,602
14,254
6,112
12,724
Net Income, GAAP
24.24
11.18
38.38
32.02
21.01
28.62
29.46
33.91
36.32
17.94
16.8
5.73
17.4
- -
Effective Tax Rate (%)
7.46
15.9
9.72
14.57
22.41
25.87
13.1
14.32
17.72
10.85
5.19
12.91
5.05
9.91
Profit Margin (%)
601
1,768
1,718
2,671
3,837
7,422
6,836
10,134
17,405
17,819
19,794
39,170
56,663
40,006
Working Capital
811
644
490
361
303
300
404
987
2,251
3,120
3,617
19,966
30,600
21,397
LT Debt
4,146
5,539
6,595
8,485
9,969
15,728
16,192
21,981
39,157
51,800
86,003
116,597
147,577
156,061
Total Equity
- -
17.73
6.51
9.7
20.53
23.99
10.18
9.68
23.74
13.6
7
11.12
3.7
- -
Return on Invested Capital (%)
- -
18.18
8.73
11.34
22.91
28.91
12.62
12.14
19.48
13.96
7.45
13.29
4.96
- -
Return on Capital (%)
- -
20.59
9.48
12.5
25.82
31.98
13.51
12.7
21.16
14.79
6.68
14.07
4.63
9.05
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9,146
6,904
17,554
LT Borrowings
30,090
30,194
20,815
LT Finance Leases
510
571
583
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,900
2,900
2,900
Market Capitalization
102,254
120,988
163,125

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
102,109
103,966
99,215
Cash, Cash Equivalents & STI
50,737
51,830
41,681
Accounts Receivable, Net
7,803
7,994
7,698
Inventories
39,116
39,913
44,702
Total Current Liabilities
45,446
57,445
59,209
Payables & Accruals
- -
- -
- -
ST Debt
9,146
6,904
17,554
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.12%
47.72%
26.57%
Free Cash Flow
-60.55%
-142.4%
-52.64%
Net Income, GAAP
54.59%
58.39%
-57.12%
Sales/Revenue/Turnover
39.21%
52.52%
9.52%
Total Cash Common Dividend
- -
- -
-98.75%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25,682
28,094
26,147
30,515
110,437
2025
26,906
28,746
- -
31,804
120,955
2026
31,668
36,189
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.49
0.96
0.35
2.11
4.92
2025
0.35
0.69
- -
0.51
2.11
2026
0.52
2.66
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
-0.24
0.01
2026
- -
- -
- -
- -
- -
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Business
Iskenderun Demir ve Celik AS (Isdemir), a subsidiary of Eregli Demir ve Celik Fabrikalari TAS (Erdemir Group) under OYAK Mining Metallurgy, is a Turkey-based integrated iron and steel manufacturing company. Founded in 1970 and headquartered in Iskenderun, Hatay, the company is Turkey's only integrated facility capable of producing both flat and long steel products. The company manufactures, processes, and distributes a wide array of steel products for automotive, construction, shipbuilding, pipe and tube manufacturing, energy, packaging, and general manufacturing industries across domestic and international markets. The company operates through integrated steelmaking facilities comprising coke plants, blast furnaces, basic oxygen furnace steelmaking shops, continuous casting units, and rolling mills. Its core product portfolio includes flat steel products, consisting of hot-rolled coils, hot-rolled sheets, heavy steel plates, and continuously cast slabs; long steel products, consisting of high-carbon, medium-carbon, and low-carbon wire rods, cold-heading wire rods, tyre cord quality wire rods, and square steel billets; by-products and industrial chemicals, including granulated blast furnace slag, crude coal tar, ammonium sulfate, crude benzol, and metallurgical coke; and industrial gases, such as liquid oxygen, liquid nitrogen, and liquid argon. In addition, the company provides maritime logistics, cargo handling, and warehousing services through its dedicated deep-water port terminal located in the Iskenderun Bay. In recent developments, Iskenderun Demir ve Celik AS is executing a comprehensive multi-billion-dollar green transformation and decarbonization roadmap in alignment with the Erdemir Group Net Zero 2050 targets. The company has initiated large-scale capital expenditure projects to reduce its carbon footprint, including investments in off-site and on-site solar power plants (GES) for self-consumption, waste heat recovery systems, and energy efficiency retrofits designed to meet European Union Carbon Border Adjustment Mechanism (CBAM) standards. Operationally, following the successful repair and modernization of its facilities post-2023 seismic events, Isdemir has advanced key facility upgrades, including the rebuilding of its primary blast furnaces, the installation of advanced vacuum degassing facilities to broaden its high-grade steel product mix, and the modernization of its coke oven batteries and port infrastructure to expand export capacity and operational efficiency.