Chrome Silicon Ltd

₹ 46.5 -0.32%

26 Apr - close price

About

Incorporated in 1980, VBC Ferro Alloys Ltd manufactures and exports Ferro Silicon Alloys^[1]

Key Points

Business Overview:^[1]
VBCFAL is a part of VBC Group and is in the business of manufacturing and marketing of ferro alloys which are used as additives and deoxidizing agents in manufacturing of steel. It owns Quartz mines, Metallurgical Coke Plant and has a Fuel Supply Agreement with coal mines for raw material supply

Website BSE

Market Cap ₹ 76.2 Cr.
Current Price ₹ 46.5
High / Low ₹ 55.3 / 32.2
Stock P/E 16.9
Book Value ₹ 72.4
Dividend Yield 0.00 %
ROCE 0.47 %
ROE 2.33 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.64 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of -17.9% over last 3 years.
Contingent liabilities of Rs.119 Cr.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.3.18 Cr.

* 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

Sector: Mining & Mineral products Industry: Mining / Minerals / Metals

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0.46	0.32	0.33	0.09	13.52	78.52	55.71	35.98	37.44	46.54	10.08	13.39	29.11
	0.67	27.87	0.50	0.29	11.49	82.73	50.20	35.14	43.91	45.41	8.54	11.69	27.24
Operating Profit	-0.21	-27.55	-0.17	-0.20	2.03	-4.21	5.51	0.84	-6.47	1.13	1.54	1.70	1.87
OPM %	-45.65%	-8,609.38%	-51.52%	-222.22%	15.01%	-5.36%	9.89%	2.33%	-17.28%	2.43%	15.28%	12.70%	6.42%
	0.00	6.87	0.00	0.19	0.02	4.44	0.77	1.10	2.41	2.57	0.42	0.16	0.03
Interest	0.02	0.48	0.01	0.01	0.08	0.01	0.04	0.01	0.01	0.01	0.01	0.02	0.01
Depreciation	1.65	1.63	1.60	1.60	1.60	1.62	1.78	1.78	1.78	1.78	1.79	1.79	1.79
Profit before tax	-1.88	-22.79	-1.78	-1.62	0.37	-1.40	4.46	0.15	-5.85	1.91	0.16	0.05	0.10
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	-2.86%	16.59%	13.33%	9.06%	-120.42%	0.00%	0.00%	0.00%
	-1.88	-22.78	-1.79	-1.63	0.36	-1.43	3.72	0.12	-5.32	4.21	0.16	0.05	0.10
EPS in Rs	-1.15	-13.89	-1.09	-0.99	0.22	-0.87	2.27	0.07	-3.25	2.57	0.10	0.03	0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	107.05	28.52	12.60	0.00	0.00	0.00	0.00	4.19	42.46	1.76	92.47	175.67	99.12
	92.13	36.78	28.04	4.49	0.42	9.37	4.92	11.28	54.63	60.19	90.34	174.67	92.88
Operating Profit	14.92	-8.26	-15.44	-4.49	-0.42	-9.37	-4.92	-7.09	-12.17	-58.43	2.13	1.00	6.24
OPM %	13.94%	-28.96%	-122.54%					-169.21%	-28.66%	-3,319.89%	2.30%	0.57%	6.30%
	2.28	1.10	1.40	2.34	0.08	11.58	-13.26	-134.61	-2.34	19.99	4.65	6.85	3.18
Interest	4.53	3.48	5.16	4.92	4.35	2.74	3.06	1.73	0.78	0.55	0.12	0.07	0.05
Depreciation	1.02	0.71	0.67	0.76	0.56	0.56	0.58	6.45	6.96	6.61	6.43	7.12	7.15
Profit before tax	11.65	-11.35	-19.87	-7.83	-5.25	-1.09	-21.82	-149.88	-22.25	-45.60	0.23	0.66	2.22
Tax %	31.07%	-3.35%	1.11%	8.30%	0.00%	0.00%	0.00%	0.00%	-0.76%	0.00%	17.39%	-313.64%
	8.03	-11.74	-19.65	-7.17	-5.26	-1.09	-21.82	-149.89	-22.42	-45.61	0.19	2.73	4.52
EPS in Rs	18.27	-26.72	-44.72	-16.32	-11.97	-2.48	-49.65	-123.19	-13.68	-27.82	0.12	1.67	2.76
Dividend Payout %	16.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	20%
5 Years:	%
3 Years:	61%
TTM:	-52%

Compounded Profit Growth
10 Years:	8%
5 Years:	18%
3 Years:	29%
TTM:	255%

Stock Price CAGR
10 Years:	-3%
5 Years:	3%
3 Years:	46%
1 Year:	21%

Return on Equity
10 Years:	-12%
5 Years:	-14%
3 Years:	-18%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	4.39	4.39	4.39	4.39	4.39	4.39	4.39	12.17	16.39	16.39	16.40	16.40	16.40
Reserves	146.82	135.07	115.42	107.44	102.18	103.94	83.35	152.32	144.70	99.09	99.28	102.01	102.22
	39.23	43.91	40.24	37.14	39.14	32.65	43.34	18.69	17.20	17.92	24.36	51.04	135.12
	44.68	52.20	45.84	50.46	54.60	50.40	65.27	73.86	92.33	110.58	120.24	99.14	101.94
Total Liabilities	235.12	235.57	205.89	199.43	200.31	191.38	196.35	257.04	270.62	243.98	260.28	268.59	355.68
	15.31	14.59	13.92	12.36	11.80	8.80	7.31	193.15	177.65	137.81	142.79	135.79	132.57
CWIP	8.87	11.74	11.80	12.15	12.33	12.61	14.45	16.44	16.80	19.06	0.00	0.00	0.00
Investments	157.50	157.50	157.50	155.00	154.99	157.56	158.79	15.73	15.73	15.73	15.73	15.73	15.73
	53.44	51.74	22.67	19.92	21.19	12.41	15.80	31.72	60.44	71.38	101.76	117.07	207.38
Total Assets	235.12	235.57	205.89	199.43	200.31	191.38	196.35	257.04	270.62	243.98	260.28	268.59	355.68

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	11.93	2.88	-1.86	-0.22	-1.72	-2.73	-15.46	-15.98	-12.25	-50.90	-16.59	-28.38
	-10.59	-4.67	0.64	2.14	-0.15	11.20	7.14	-2.63	4.98	50.78	11.59	-0.12
	-1.48	3.42	-3.66	-2.82	2.88	-8.51	8.32	19.04	6.80	0.22	6.79	26.78
Net Cash Flow	-0.14	1.63	-4.88	-0.89	1.01	-0.04	0.00	0.43	-0.46	0.09	1.79	-1.72

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	27.41	20.35	22.88					197.74	10.83	0.00	8.53	14.54
Inventory Days	189.45	732.77	707.97	5,765.34		190.70			147.56	6,089.27	228.44	121.79
Days Payable	219.77	1,331.99	863.64	8,494.55		859.93			545.60	57,029.02	414.56	172.09
Cash Conversion Cycle	-2.91	-578.87	-132.79					197.74	-387.20	-50,939.76	-177.60	-35.75
Working Capital Days	-32.22	-297.30	-714.65					160.29	21.75	-11,200.94	-61.46	17.68
ROCE %	8.62%	-4.21%	-8.57%	-1.88%	-0.62%	-5.06%	-4.04%	-3.24%	-9.82%	-41.62%	-2.63%	0.47%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	40.36%	40.36%	40.36%	40.36%	40.36%	40.36%	40.36%	40.36%	40.36%	40.36%	40.36%	40.36%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	59.60%	59.60%	59.60%	59.60%	59.60%	59.61%	59.60%	59.60%	59.61%	59.60%	59.60%	59.60%
No. of Shareholders	6,650	6,616	6,709	6,761	6,711	6,651	6,582	6,533	6,486	6,436	6,450	6,582

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	36.74%	36.74%	37.97%	40.36%	39.78%	40.36%	40.36%	40.36%
	0.03%	0.03%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.14%	0.14%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%
	63.09%	63.09%	61.97%	59.60%	60.18%	59.60%	59.60%	59.60%
No. of Shareholders	7,446	7,127	6,912	6,860	6,678	6,761	6,533	6,582

* 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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Chrome Silicon Ltd

Chrome Silicon Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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