Balasore Alloys Ltd

Balasore Alloys Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Balasore Alloys Ltd

₹ 6.29 0.16%
13 Dec 2021
balasorealloys.com BSE: 513142
About

Balasore Alloys is principally engaged in extraction of chrome ore from its captive mines n Odisha and manufacturing and selling of Ferro Chromes of various grades.

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Website BSE
  • Market Cap ₹ 58.7 Cr.
  • Current Price ₹ 6.29
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ 55.4
  • Dividend Yield 0.00 %
  • ROCE -5.32 %
  • ROE -11.5 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.11 times its book value
  • Debtor days have improved from 213 to 128 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -20.6% over past five years.
  • Company has a low return on equity of -7.85% over last 3 years.
  • Contingent liabilities of Rs.52.9 Cr.
  • Promoters have pledged 41.2% of their holding.

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023
132 75 21 2 28 46 3 25 53 6 33 401 335
178 91 -44 26 32 38 9 46 37 29 71 394 376
Operating Profit -46 -16 65 -24 -5 9 -6 -20 16 -23 -39 7 -41
OPM % -35% -22% 314% -1,070% -17% 19% -195% -82% 31% -372% -118% 2% -12%
3 1 1 0 0 0 0 10 2 1 1 2 2
Interest 13 8 10 9 7 7 7 7 11 14 17 8 7
Depreciation 8 8 7 7 7 7 1 11 6 6 6 6 6
Profit before tax -64 -31 49 -40 -18 -5 -14 -29 1 -42 -61 -4 -52
Tax % 29% 24% 24% 24% 24% 24% 24% -3% 95% -46% -26% 0% 23%
-45 -23 37 -30 -14 -4 -10 -30 0 -61 -77 -4 -40
EPS in Rs -4.87 -2.48 4.01 -3.24 -1.49 -0.41 -1.10 -3.21 0.00 -6.58 -8.24 -0.38 -4.29
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
591 686 783 848 838 1,012 1,210 1,261 767 100 102 382
484 589 660 733 756 832 1,091 1,193 838 93 125 432
Operating Profit 106 97 123 115 82 179 119 69 -71 7 -23 -50
OPM % 18% 14% 16% 14% 10% 18% 10% 5% -9% 7% -22% -13%
6 15 9 -17 7 22 34 -25 1 6 10 -78
Interest 47 44 38 35 32 39 46 44 50 38 27 72
Depreciation 17 17 19 21 22 27 30 32 30 29 26 24
Profit before tax 48 51 74 42 35 135 77 -32 -149 -54 -66 -225
Tax % 35% 43% 38% 31% 47% 38% 56% 11% 27% 24% 12% 24%
31 29 46 29 19 84 34 -29 -109 -41 -58 -171
EPS in Rs 4.84 4.47 7.14 4.11 2.36 9.41 3.65 -3.08 -11.68 -4.36 -6.23 -18.37
Dividend Payout % 11% 12% 9% 15% 26% 8% 21% -13% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -21%
3 Years: -21%
TTM: 274%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: -27%
Stock Price CAGR
10 Years: -8%
5 Years: -21%
3 Years: -4%
1 Year: %
Return on Equity
10 Years: 0%
5 Years: -6%
3 Years: -8%
Last Year: -11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 34 34 34 37 41 44 47 47 47 47 47 47 47
Reserves 917 894 890 869 847 888 919 882 771 738 683 513 470
148 309 292 116 132 215 181 178 196 203 202 577 559
215 260 302 345 407 524 552 627 692 775 746 772 816
Total Liabilities 1,313 1,497 1,517 1,367 1,426 1,671 1,699 1,734 1,706 1,763 1,678 1,909 1,892
1,037 988 948 934 880 846 864 867 902 874 847 823 813
CWIP 35 52 78 73 90 94 120 134 117 117 117 117 121
Investments 16 16 16 12 12 17 18 18 18 17 16 16 16
224 441 475 347 444 714 698 716 669 755 697 952 941
Total Assets 1,313 1,497 1,517 1,367 1,426 1,671 1,699 1,734 1,706 1,763 1,678 1,909 1,892

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
98 114 95 66 63 90 110 83 44 -9 -9 -289
-22 -235 -41 143 -65 -119 -36 -57 -47 26 26 3
-76 120 -53 -208 8 30 -66 -36 1 -19 -19 307
Net Cash Flow 0 0 1 1 6 0 9 -10 -2 -2 -2 21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 6 4 6 6 11 14 16 15 27 194 316 128
Inventory Days 174 148 151 172 178 258 155 116 166 1,426 454
Days Payable 187 231 282 301 344 370 214 228 252 1,055 444
Cash Conversion Cycle -7 -79 -125 -123 -155 -98 -44 -98 -60 194 688 138
Working Capital Days -27 -42 -43 -38 -39 -23 -9 -22 -40 64 -199 22
ROCE % 8% 8% 9% 11% 7% 16% 13% 4% -7% -2% -4% -5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.44% 61.44% 61.44% 61.44% 61.44% 61.44% 61.44% 61.44% 61.44% 61.44% 61.44% 61.44%
2.45% 2.45% 2.45% 2.45% 2.45% 1.82% 1.82% 1.82% 1.82% 1.82% 1.82% 1.82%
0.01% 0.01% 0.01% 0.01% 0.01% 0.64% 0.64% 0.64% 0.64% 0.64% 0.64% 0.64%
36.09% 36.09% 36.09% 36.09% 36.09% 36.08% 36.09% 36.09% 36.10% 36.09% 36.10% 36.09%
No. of Shareholders 1,15,1901,14,9071,14,6011,14,4571,14,4641,14,4341,14,4371,14,4471,14,4371,14,4041,14,3881,14,382

* 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

Credit ratings

Concalls

  • Mar 2018
    Transcript
    Notes
    PPT
  • Jan 2018
    Transcript
    Notes
    PPT
  • Jan 2018
    Transcript
    Notes
    PPT