Bihar Sponge Iron Ltd

₹ 12.5 -0.56%

25 Aug - close price

About

Incorporated in 1982, Bihar Sponge Iron Ltd manufactures and sells pre-reduced form of Iron such as sponge iron^[1]

Key Points

Business Overview:^[1]^[2]
BSIL is engaged in manufacture, producing, purchase, export, sale and dealing of pre-reduced form of Iron such as sponge iron. The company’s primary product, sponge iron, is a high-quality pre- reduced ferrous material and, therefore, is preferred to most other materials in place of steel scrap by secondary steel producers operating induction and electric arc
furnaces for producing long products
for meeting the demand of construction
and infrastructure sectors.

Website BSE

Market Cap ₹ 113 Cr.
Current Price ₹ 12.5
High / Low ₹ 16.8 / 9.15
Stock P/E 9.66
Book Value ₹ -3.77
Dividend Yield 0.00 %
ROCE 39.0 %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Promoters have pledged 52.0% of their holding.
Earnings include an other income of Rs.27.6 Cr.
Debtor days have increased from 33.4 to 53.0 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Metals & Mining Ferrous Metals Sponge Iron

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.34	73.75	70.43	74.14	103.85	63.76	53.30	98.49	77.50	63.76	87.30	16.92	0.00
	52.85	77.98	74.61	75.07	107.10	68.94	56.18	102.66	80.67	68.26	88.45	20.44	3.14
Operating Profit	-4.51	-4.23	-4.18	-0.93	-3.25	-5.18	-2.88	-4.17	-3.17	-4.50	-1.15	-3.52	-3.14
OPM %	-9.33%	-5.74%	-5.93%	-1.25%	-3.13%	-8.12%	-5.40%	-4.23%	-4.09%	-7.06%	-1.32%	-20.80%
	6.25	6.43	6.37	6.47	8.00	7.70	5.83	8.38	6.29	7.25	8.37	5.56	6.39
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	1.06	1.06	1.06	1.05	1.06	1.06	1.06	0.85	1.01	1.01	1.01	0.79	0.77
Profit before tax	0.68	1.14	1.13	4.49	3.69	1.46	1.89	3.36	2.11	1.74	6.21	1.25	2.48
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.68	1.14	1.13	4.49	3.69	1.46	1.89	3.36	2.12	1.75	6.21	1.25	2.48
EPS in Rs	0.08	0.13	0.13	0.50	0.41	0.16	0.21	0.37	0.24	0.19	0.69	0.14	0.27
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	22	86	463	267	319	245	168
	3	4	3	3	3	3	17	83	449	280	335	258	180
Operating Profit	-3	-4	-3	-3	-3	-3	5	3	14	-14	-15	-12	-12
OPM %		-9,175%					24%	3.5%	3.0%	-5%	-4.8%	-5%	-7%
	1	2	3	8	7	6	2	8	2	26	30	27	28
Interest	1	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	4	4	4	4	4	3	3	3	4	4	4	4	4
Profit before tax	-7	-6	-4	-0	-0	-1	4	8	12	7	10	11	12
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-7	-6	-4	-0	-0	-1	4	8	12	7	10	11	12
EPS in Rs	-0.82	-0.65	-0.42	-0.01	-0.01	-0.09	0.44	0.92	1.35	0.82	1.15	1.25	1.29
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	139%
5 Years:	62%
3 Years:	-19%
TTM:	-43%

Compounded Profit Growth
10 Years:	15%
5 Years:	21%
3 Years:	-2%
TTM:	32%

Stock Price CAGR
10 Years:	18%
5 Years:	6%
3 Years:	14%
1 Year:	-8%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	90	90	90	90	90	90	90	90	90	90	90	90
Reserves	-167	-173	-177	-177	-177	-178	-174	-166	-153	-146	-136	-124
	129	126	94	94	95	93	121	119	136	119	110	27
	42	43	65	61	55	53	27	100	92	119	67	99
Total Liabilities	94	86	73	68	63	58	65	143	164	182	132	92
	65	61	57	52	48	45	42	61	57	53	50	42
CWIP	3	3	3	3	3	3	3	0	2	3	5	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	26	21	13	13	12	11	20	82	105	126	78	50
Total Assets	94	86	73	68	63	58	65	143	164	182	132	92

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-1	-3	0	-0	1	10	23	-16	19	8	-3
	0	1	1	0	0	0	-0	-18	-2	-2	-0	2
	-1	-3	-4	-0	0	-1	-10	-2	17	-17	-9	2
Net Cash Flow	-1	-3	-6	0	0	-0	0	2	-1	1	-1	0
Free Cash Flow	-1	-1	-3	0	-0	1	10	5	-17	17	8	-2
CFO/OP	16%	18%	111%	-18%	1%	-31%	188%	783%	-106%	-141%	-60%	31%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days		0					40	0	0	0	14	53
Inventory Days		13,793		105,668			85	228	58	135	51	7
Days Payable		37,691		270,100			402	457	64	154	64	11
Cash Conversion Cycle		-23,898					-277	-228	-6	-19	1	48
Working Capital Days		-794,879					-1,129	-333	-26	-36	-16	3
ROCE %	-9%	-12%	-20%	-4%	17%	-12%	21%	14%	21%	11%	11%	39%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Installed Capacity
MT per annum

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Number of Employees
employees

Sponge Iron Revenue Share
%

Ex-workmen with Pending Settlements
persons

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	30.70%	30.70%	30.69%	30.70%	30.70%	30.69%	30.69%	30.70%	30.69%	30.69%	30.69%	30.70%
No. of Shareholders	58,529	58,894	59,618	59,207	59,958	60,270	60,302	60,041	59,710	59,713	59,544	59,146

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	69.61%	69.61%	69.61%	69.61%	69.61%	69.34%	69.23%	69.23%	69.23%	69.23%	69.23%
	0.53%	0.53%	0.53%	0.53%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.20%	0.20%	0.20%	0.21%	0.21%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	29.66%	29.66%	29.66%	29.65%	29.65%	30.59%	30.70%	30.69%	30.69%	30.69%	30.70%
No. of Shareholders	56,828	55,880	55,643	55,329	54,988	57,523	57,049	59,618	60,302	59,544	59,146

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Bihar Sponge Iron Ltd

Bihar Sponge Iron Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports