Bihar Sponge Iron Ltd

Bihar Sponge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bihar Sponge Iron Ltd

₹ 15.0 -1.96%
19 Apr 10:55 a.m.
bsil.org.in BSE: 500058
About

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

Key Points

Product Profile:[1]
Company does manufacturing and selling of sponge iron and also does trading of plastic packaging materials

Website BSE
  • Market Cap ₹ 135 Cr.
  • Current Price ₹ 15.0
  • High / Low ₹ 22.4 / 8.01
  • Stock P/E 19.1
  • Book Value ₹ -6.80
  • Dividend Yield 0.00 %
  • ROCE 20.7 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 80.7% CAGR over last 5 years

Cons

  • Contingent liabilities of Rs.71.4 Cr.
  • Promoters have pledged 52.0% of their holding.
  • Earnings include an other income of Rs.20.8 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: Steel Industry: Steel - Sponge Iron

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Quarterly Results

Figures in Rs. Crores

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
9.97 7.88 12.73 6.94 5.91 60.82 112.17 130.05 108.31 112.85 48.34 73.74 70.43
6.74 6.10 9.95 6.36 5.16 61.91 111.01 125.92 103.22 109.12 52.85 77.97 74.61
Operating Profit 3.23 1.78 2.78 0.58 0.75 -1.09 1.16 4.13 5.09 3.73 -4.51 -4.23 -4.18
OPM % 32.40% 22.59% 21.84% 8.36% 12.69% -1.79% 1.03% 3.18% 4.70% 3.31% -9.33% -5.74% -5.93%
-0.13 0.97 2.11 1.07 0.51 4.59 0.43 0.15 0.08 1.75 6.25 6.43 6.37
Interest 0.13 0.07 0.07 -0.04 0.03 -0.02 0.00 0.01 0.02 0.11 0.00 0.00 0.00
Depreciation 0.73 0.73 0.73 0.70 0.72 0.83 1.06 1.06 1.06 1.06 1.06 1.06 1.06
Profit before tax 2.24 1.95 4.09 0.99 0.51 2.69 0.53 3.21 4.09 4.31 0.68 1.14 1.13
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%
2.24 1.95 4.09 0.98 0.50 2.69 0.53 3.21 4.09 4.31 0.68 1.14 1.13
EPS in Rs 0.25 0.22 0.45 0.11 0.06 0.30 0.06 0.36 0.45 0.48 0.08 0.13 0.13
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
171 120 19 0 0 0 0 0 0 22 86 463 305
179 139 31 3 4 3 3 3 3 17 83 449 315
Operating Profit -8 -19 -12 -3 -4 -3 -3 -3 -3 5 3 14 -9
OPM % -5% -16% -64% -9,175% 24% 3% 3% -3%
1 6 2 1 2 3 8 7 6 2 8 2 21
Interest 10 10 4 1 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 4 4 4 4 4 3 3 3 4 4
Profit before tax -21 -26 -18 -7 -6 -4 -0 -0 -1 4 8 12 7
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-21 -26 -18 -7 -6 -4 -0 -0 -1 4 8 12 7
EPS in Rs -2.30 -2.89 -1.97 -0.82 -0.65 -0.42 -0.01 -0.01 -0.09 0.44 0.92 1.35 0.82
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: %
3 Years: %
TTM: -26%
Compounded Profit Growth
10 Years: 9%
5 Years: 81%
3 Years: 153%
TTM: -32%
Stock Price CAGR
10 Years: 16%
5 Years: 73%
3 Years: 66%
1 Year: 66%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

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 90 90 90 90 90 90 90 90 90 90 90 90 90
Reserves -98 -127 -147 -167 -173 -177 -177 -177 -178 -174 -166 -153 -152
71 100 129 129 126 94 94 95 93 121 119 136 41
98 71 44 42 43 65 61 55 53 27 100 92 178
Total Liabilities 160 134 116 94 86 73 68 63 58 65 143 164 158
94 88 82 65 61 57 52 48 45 42 61 57 55
CWIP 3 4 3 3 3 3 3 3 3 3 0 2 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
63 42 30 26 21 13 13 12 11 20 82 105 101
Total Assets 160 134 116 94 86 73 68 63 58 65 143 164 158

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19 -0 -2 -0 -1 -3 0 -0 1 10 23 -16
-2 -1 1 0 1 1 0 0 0 -0 -18 -2
-13 0 0 -1 -3 -4 -0 0 -1 -10 -2 17
Net Cash Flow 4 -1 -1 -1 -3 -6 0 0 -0 0 2 -1

Ratios

Figures in Rs. Crores

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 3 7 9 0 40 0 0
Inventory Days 89 67 165 13,793 105,668 85 228 58
Days Payable 137 176 440 37,691 270,100 402 457 64
Cash Conversion Cycle -45 -101 -266 -23,898 -277 -228 -6
Working Capital Days -163 -294 -1,595 -794,879 -41 -68 12
ROCE % -13% -33% -19% -9% -12% -20% -4% 17% -12% 21% 14% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.61% 69.61% 69.61% 69.34% 69.23% 69.23% 69.23% 69.23% 69.23% 69.23% 69.23% 69.23%
0.53% 0.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.19% 0.09% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
29.67% 29.77% 30.32% 30.59% 30.70% 30.71% 30.69% 30.70% 30.70% 30.70% 30.70% 30.69%
No. of Shareholders 54,95355,20456,43457,52357,68957,48057,26757,04956,98358,52958,89459,618

* 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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Documents

Announcements

Annual reports