Bihar Sponge Iron Ltd

₹ 14.7 4.94%

21 Nov - close price

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 ₹ 132 Cr.
Current Price ₹ 14.7
High / Low ₹ 26.8 / 9.50
Stock P/E 12.3
Book Value ₹ -5.61
Dividend Yield 0.00 %
ROCE 11.0 %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company has delivered good profit growth of 44.0% CAGR over last 5 years

Cons

Promoters have pledged 52.0% of their holding.
Earnings include an other income of Rs.28.5 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	6.94	5.91	60.82	112.17	130.05	108.31	112.85	48.34	73.75	70.43	74.14	103.86	63.76
	6.36	5.16	61.91	111.01	125.92	103.22	109.12	52.85	77.98	74.61	75.07	107.11	68.94
Operating Profit	0.58	0.75	-1.09	1.16	4.13	5.09	3.73	-4.51	-4.23	-4.18	-0.93	-3.25	-5.18
OPM %	8.36%	12.69%	-1.79%	1.03%	3.18%	4.70%	3.31%	-9.33%	-5.74%	-5.93%	-1.25%	-3.13%	-8.12%
	1.07	0.51	4.59	0.43	0.15	0.08	1.75	6.25	6.43	6.37	6.47	8.00	7.70
Interest	-0.04	0.03	-0.02	0.00	0.01	0.02	0.11	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.70	0.72	0.83	1.06	1.06	1.06	1.06	1.06	1.06	1.06	1.05	1.06	1.06
Profit before tax	0.99	0.51	2.69	0.53	3.21	4.09	4.31	0.68	1.14	1.13	4.49	3.69	1.46
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%
	0.98	0.50	2.69	0.53	3.21	4.09	4.31	0.68	1.14	1.13	4.49	3.69	1.46
EPS in Rs	0.11	0.06	0.30	0.06	0.36	0.45	0.48	0.08	0.13	0.13	0.50	0.41	0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	120	19	0	0	0	0	0	0	22	86	463	267	312
	139	31	3	4	3	3	3	3	17	83	449	281	326
Operating Profit	-19	-12	-3	-4	-3	-3	-3	-3	5	3	14	-14	-14
OPM %	-16%	-64%		-9,175%					24%	3%	3%	-5%	-4%
	6	2	1	2	3	8	7	6	2	8	2	26	29
Interest	10	4	1	0	0	0	0	0	0	0	0	0	0
Depreciation	3	3	4	4	4	4	4	3	3	3	4	4	4
Profit before tax	-26	-18	-7	-6	-4	-0	-0	-1	4	8	12	7	11
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-26	-18	-7	-6	-4	-0	-0	-1	4	8	12	7	11
EPS in Rs	-2.89	-1.97	-0.82	-0.65	-0.42	-0.01	-0.01	-0.09	0.44	0.92	1.35	0.82	1.20
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	30%
5 Years:	%
3 Years:	129%
TTM:	-9%

Compounded Profit Growth
10 Years:	9%
5 Years:	44%
3 Years:	20%
TTM:	7%

Stock Price CAGR
10 Years:	17%
5 Years:	97%
3 Years:	20%
1 Year:	46%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	90	90	90	90	90	90	90	90	90	90	90	90	90
Reserves	-127	-147	-167	-173	-177	-177	-177	-178	-174	-166	-153	-146	-141
	100	129	129	126	94	94	95	93	121	119	136	119	27
	71	44	42	43	65	61	55	53	27	100	92	119	183
Total Liabilities	134	116	94	86	73	68	63	58	65	143	164	182	160
	88	82	65	61	57	52	48	45	42	61	57	53	51
CWIP	4	3	3	3	3	3	3	3	3	0	2	3	3
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	42	30	26	21	13	13	12	11	20	82	105	126	106
Total Assets	134	116	94	86	73	68	63	58	65	143	164	182	160

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-0	-2	-0	-1	-3	0	-0	1	10	23	-16	19
	-1	1	0	1	1	0	0	0	-0	-18	-2	-2
	0	0	-1	-3	-4	-0	0	-1	-10	-2	17	-17
Net Cash Flow	-1	-1	-1	-3	-6	0	0	-0	0	2	-1	1

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	7	9		0					40	0	0	0
Inventory Days	67	165		13,793		105,668			85	228	58	135
Days Payable	176	440		37,691		270,100			402	457	64	154
Cash Conversion Cycle	-101	-266		-23,898					-277	-228	-6	-19
Working Capital Days	-294	-1,595		-794,879					-41	-68	12	10
ROCE %	-33%	-19%	-9%	-12%	-20%	-4%	17%	-12%	21%	14%	21%	11%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	69.61%	69.34%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	30.32%	30.59%	30.70%	30.71%	30.69%	30.70%	30.70%	30.70%	30.70%	30.69%	30.70%	30.70%
No. of Shareholders	56,434	57,523	57,689	57,480	57,267	57,049	56,983	58,529	58,894	59,618	59,207	59,958

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	69.61%	69.61%	69.61%	69.61%	69.61%	69.34%	69.23%	69.23%	69.23%
	0.53%	0.53%	0.53%	0.53%	0.53%	0.00%	0.00%	0.00%	0.00%
	0.20%	0.20%	0.20%	0.21%	0.21%	0.07%	0.07%	0.07%	0.07%
	29.66%	29.66%	29.66%	29.65%	29.65%	30.59%	30.70%	30.69%	30.70%
No. of Shareholders	56,828	55,880	55,643	55,329	54,988	57,523	57,049	59,618	59,958

* 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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Bihar Sponge Iron Ltd

Bihar Sponge Iron Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports