VBC Ferro Alloys Ltd

About [ edit ]

VBC Ferro Alloys is engaged in the business of manufacturing Ferro Alloys.

  • Market Cap 26.0 Cr.
  • Current Price 15.9
  • High / Low 21.4 / 10.6
  • Stock P/E
  • Book Value 84.7
  • Dividend Yield 0.00 %
  • ROCE -10.4 %
  • ROE -12.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.19 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 39.78%
  • Company has a low return on equity of -9.05% for last 3 years.
  • Contingent liabilities of Rs.70.59 Cr.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
0.00 0.00 0.00 0.00 4.19 21.50 18.43 1.60 0.94 0.10 0.89 0.46
3.77 0.97 6.66 1.61 8.25 23.53 20.89 9.33 0.86 0.46 30.42 0.67
Operating Profit -3.77 -0.97 -6.66 -1.61 -4.06 -2.03 -2.46 -7.73 0.08 -0.36 -29.53 -0.21
OPM % -96.90% -9.44% -13.35% -483.12% 8.51% -360.00% -3,317.98% -45.65%
Other Income -21.35 0.00 -130.63 0.00 2.23 -3.77 0.03 0.11 1.12 0.01 13.11 0.00
Interest 0.79 0.82 0.64 0.13 0.14 0.17 0.17 0.28 0.17 0.00 0.04 0.02
Depreciation 0.18 0.15 1.73 1.37 3.21 1.71 1.77 1.66 1.82 1.67 1.66 1.65
Profit before tax -26.09 -1.94 -139.66 -3.11 -5.18 -7.68 -4.37 -9.56 -0.79 -2.02 -18.12 -1.88
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -11.15% 0.00%
Net Profit -26.09 -1.93 -139.66 -3.12 -5.18 -7.68 -4.36 -9.56 -0.79 -2.02 -20.15 -1.88
EPS in Rs -59.37 -4.39 -317.81 -6.37 -4.26 -6.31 -3.07 -6.74 -0.48 -1.23 -12.29 -1.15

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
81 84 112 107 29 13 0 0 0 0 4 42 2
74 75 93 92 37 28 4 0 9 13 11 56 32
Operating Profit 7 9 19 15 -8 -15 -4 -0 -9 -13 -7 -13 -30
OPM % 8% 10% 17% 14% -29% -123% -169% -31% -1,256%
Other Income 1 4 1 2 1 1 2 0 12 -5 -135 -1 14
Interest 6 3 4 5 3 5 5 4 3 3 2 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 6 7 7
Profit before tax 1 8 15 12 -11 -20 -8 -5 -1 -22 -150 -22 -23
Tax % 39% 33% 31% 31% -3% 1% 8% 0% 0% 0% 0% 0%
Net Profit 1 5 10 8 -12 -20 -7 -5 -1 -22 -150 -22 -25
EPS in Rs 23.19 18.27 -26.72 -44.72 -16.32 -11.97 -2.48 -49.65 -123.19 -13.68 -15.15
Dividend Payout % 140% 21% 13% 16% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-7%
5 Years:%
3 Years:%
TTM:-95%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-66%
TTM:-13%
Stock Price CAGR
10 Years:-24%
5 Years:-23%
3 Years:-29%
1 Year:3%
Return on Equity
10 Years:-6%
5 Years:-8%
3 Years:-9%
Last Year:-12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4 4 4 4 4 4 4 4 4 4 12 16 16
Reserves 136 132 140 147 135 115 107 102 104 83 152 145 123
Borrowings 28 36 40 39 44 40 37 39 33 43 19 17 18
38 34 43 45 52 46 50 55 50 65 74 92 120
Total Liabilities 207 206 228 235 236 206 199 200 191 196 257 271 276
18 14 16 15 15 14 12 12 9 7 193 178 154
CWIP 1 2 2 9 12 12 12 12 13 14 16 17 19
Investments 147 157 158 158 158 158 155 155 158 159 16 16 16
41 32 52 53 52 23 20 21 12 16 32 60 87
Total Assets 207 206 228 235 236 206 199 200 191 196 257 271 276

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3 -6 11 12 3 -2 -0 -2 -3 -15 -16
-3 -7 -11 -11 -5 1 2 -0 11 7 -3
0 13 3 -1 3 -4 -3 3 -9 8 19
Net Cash Flow 0 -0 3 -0 2 -5 -1 1 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 4% 5% 11% 9% -4% -9% -2% -1% -5% -4% -3% -10%
Debtor Days 39 39 33 27 20 23 198 11
Inventory Turnover 2.79 4.45 5.17 4.17 1.47 0.99 0.06 0.00 0.98 0.00 0.67 4.90

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
36.74 36.74 32.99 37.97 37.97 42.95 42.95 40.36 40.36 40.36 39.70 39.78
0.03 0.03 0.03 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
0.14 0.14 0.12 0.05 0.05 0.04 0.04 0.04 0.04 0.04 0.04 0.04
63.09 63.09 66.86 61.97 61.97 57.00 57.00 59.60 59.60 59.60 60.26 60.18

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