Balasore Alloys Ltd

About [ edit ]

Balasore Alloys is primarily engaged in extraction of Chrome Ore from its captive mines located in Odisha and manufacturing and selling of Ferro Chrome of various grades.(Source : 201903 Annual Report Page No:109)

  • Market Cap 62.4 Cr.
  • Current Price 6.69
  • High / Low 13.0 / 6.14
  • Stock P/E
  • Book Value 87.6
  • Dividend Yield 0.00 %
  • ROCE -7.51 %
  • ROE -10.2 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.08 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.97% over past five years.
  • Company has a low return on equity of -1.27% for last 3 years.
  • Contingent liabilities of Rs.82.60 Cr.
  • Promoters have pledged 41.28% of their holding.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
336 321 298 307 284 197 155 132
299 300 301 292 259 228 175 178
Operating Profit 37 21 -3 15 24 -31 -20 -46
OPM % 11% 6% -1% 5% 8% -16% -13% -35%
Other Income 2 3 4 -33 2 4 -6 3
Interest 11 14 10 9 13 13 11 13
Depreciation 8 8 8 8 8 7 8 8
Profit before tax 20 1 -18 -36 6 -47 -45 -64
Tax % 45% 95% 26% 26% 62% 41% 14% 29%
Net Profit 11 0 -13 -27 2 -28 -38 -45
EPS in Rs 1.20 0.01 -1.42 -2.87 0.25 -2.96 -4.10 -4.87

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
632 409 639 591 686 783 848 838 1,012 1,210 1,261 767
570 367 537 486 589 660 739 756 832 1,091 1,193 840
Operating Profit 62 42 102 105 97 123 108 82 179 119 69 -72
OPM % 10% 10% 16% 18% 14% 16% 13% 10% 18% 10% 5% -9%
Other Income 2 35 5 7 15 9 -10 7 22 34 -25 3
Interest 45 42 50 47 44 38 35 32 39 46 44 50
Depreciation 12 14 15 17 17 19 21 22 27 30 32 30
Profit before tax 7 21 41 48 51 74 42 35 135 77 -32 -149
Tax % 87% 40% 34% 35% 43% 38% 31% 47% 38% 56% 11% 27%
Net Profit 1 13 27 31 29 46 29 19 84 34 -29 -109
EPS in Rs 0.14 1.95 4.18 4.84 4.47 7.14 4.11 2.36 9.41 3.65 -3.08 -11.68
Dividend Payout % 0% 0% 13% 11% 12% 9% 15% 26% 8% 21% -13% 0%
Compounded Sales Growth
10 Years:6%
5 Years:-2%
3 Years:-9%
TTM:-39%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-1198%
Stock Price CAGR
10 Years:-11%
5 Years:-18%
3 Years:-48%
1 Year:-26%
Return on Equity
10 Years:3%
5 Years:1%
3 Years:-1%
Last Year:-10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
34 34 34 34 34 34 37 41 44 47 47 47
Reserves 211 972 940 917 894 890 869 847 888 919 882 771
Borrowings 195 234 206 148 309 292 116 132 215 181 178 194
265 155 238 215 260 302 345 407 524 552 627 690
Total Liabilities 704 1,395 1,418 1,313 1,497 1,517 1,367 1,426 1,671 1,699 1,734 1,703
339 1,110 1,058 1,037 988 948 934 880 846 864 867 902
CWIP 70 53 61 35 52 78 73 90 94 120 134 117
Investments 1 1 17 16 16 16 12 12 17 18 18 18
293 230 282 224 441 475 347 444 714 698 716 666
Total Assets 704 1,395 1,418 1,313 1,497 1,517 1,367 1,426 1,671 1,699 1,734 1,703

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
111 86 93 98 114 95 66 63 90 110 83 44
-108 -29 -34 -22 -235 -41 143 -65 -119 -36 -57 -47
-8 -52 -64 -76 120 -53 -208 8 30 -66 -36 1
Net Cash Flow -4 6 -6 0 0 1 1 6 0 9 -10 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 8% 8% 8% 8% 9% 11% 7% 16% 13% 4% -8%
Debtor Days 7 1 24 6 4 6 6 11 14 16 15 27
Inventory Turnover 2.41 3.79 3.32 4.32 4.61 4.46 4.07 3.37 3.94 4.89 3.77

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
61.44 61.46 61.44 61.44 61.44 61.44 61.44 61.44 61.44 61.44 61.44 61.44
1.82 1.82 1.82 1.82 1.82 1.82 1.82 1.82 1.82 1.82 1.82 1.82
0.65 0.65 0.65 1.44 0.65 0.65 0.65 0.68 0.65 0.65 0.65 0.65
36.09 36.07 36.09 35.30 36.09 36.09 36.09 36.06 36.09 36.09 36.09 36.09

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