Bombay Coated and Special Steels Ltd
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About
Incorporated in December 2019, Bombay Coated and Special Steels Limited is a steel processing centre engaged in converting steel coils into value-added processed steel products.[1]
Key Points
- Market Cap ₹ 515 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 18.0
- Book Value ₹
- Dividend Yield %
- ROCE 20.5 %
- ROE 41.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.4%
Cons
* 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
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 65 | 479 | 591 | 755 | 1,056 | |
| 62 | 458 | 553 | 706 | 982 | |
| Operating Profit | 3 | 21 | 38 | 49 | 74 |
| OPM % | 4.3% | 4.4% | 6% | 7% | 7% |
| 0 | 0 | 1 | 10 | 3 | |
| Interest | 1 | 11 | 15 | 26 | 31 |
| Depreciation | 0 | 1 | 2 | 5 | 9 |
| Profit before tax | 1 | 9 | 21 | 28 | 37 |
| Tax % | 32% | 26% | 25% | 25% | 23% |
| 1 | 7 | 16 | 21 | 29 | |
| EPS in Rs | 0.46 | 3.40 | 3.96 | 5.34 | 7.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 61% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 48% |
| Last Year: | 42% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 10 | 10 | 10 |
| Reserves | 1 | 8 | 23 | 44 | 73 |
| 64 | 102 | 169 | 235 | 295 | |
| 14 | 49 | 68 | 61 | 81 | |
| Total Liabilities | 84 | 164 | 271 | 350 | 458 |
| 15 | 27 | 73 | 117 | 137 | |
| CWIP | 0 | 0 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 68 | 137 | 198 | 233 | 315 | |
| Total Assets | 84 | 164 | 271 | 350 | 458 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -51 | -9 | 1 | 11 | 32 | |
| 31 | -18 | -56 | -53 | -42 | |
| 63 | 27 | 56 | 40 | 12 | |
| Net Cash Flow | 42 | 0 | 2 | -2 | 2 |
| Free Cash Flow | -36 | -21 | -47 | -38 | -3 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -1,830% | -29% | 15% | 35% | 55% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 220 | 52 | 50 | 51 | 47 |
| Inventory Days | 173 | 47 | 62 | 46 | 46 |
| Days Payable | 82 | 40 | 47 | 31 | 29 |
| Cash Conversion Cycle | 311 | 60 | 65 | 67 | 64 |
| Working Capital Days | 58 | 23 | 26 | -18 | -11 |
| ROCE % | 22% | 23% | 22% | 21% |
Business Overview:[1]
Bombay Coated and Special Steels Limited
is a steel processing company that converts steel coils into value-added processed steel products. Its core operations include slitting,
cut-to-length processing, shearing, and embossing, through which it produces
slit coils, blanks, embossed coils, and
sheets according to customer specifications.
The company operates as an intermediary between primary steel manufacturers and
end-user industries. Rather than manufacturing steel from scratch, it procures steel coils, processes them into the required dimensions and finishes, and supplies them to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). It also provides inventory management and logistics services, including just-in-time deliveries.[2]