Shri Bajrang Alliance Ltd

Shri Bajrang Alliance Ltd

₹ 198 3.31%
22 Nov - close price
About

Incorproated in 1990, Shri Bajrang Alliance Ltd manufactures Structural Steel and also Ready
To Eat frozen food products and extraction of
Oils & Oleoresin essential oils[1]

Key Points

Business Overview:[1]
SBAL is a part of Goel family group which
has diversified business interests from the steel business to Media, Digital Marketing, Hydro Power, and Food Agro Processing. Company
has operational linkages with Shri Bajrang
Power and Ispat Ltd (SBPIL), the flagship company of Goel Group, for sourcing of
raw materials.

  • Market Cap 178 Cr.
  • Current Price 198
  • High / Low 353 / 186
  • Stock P/E 4.88
  • Book Value 351
  • Dividend Yield 0.00 %
  • ROCE 1.76 %
  • ROE 14.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.56 times its book value
  • Company's working capital requirements have reduced from 54.3 days to 39.0 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.221 Cr.
  • Earnings include an other income of Rs.4.73 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 - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
53.73 48.27 53.21 51.47 64.90 46.16 361.21 151.03 68.17 124.19 226.54 130.49 80.21
46.55 50.82 50.15 45.83 63.93 44.70 358.58 146.35 68.20 126.39 224.46 129.83 79.19
Operating Profit 7.18 -2.55 3.06 5.64 0.97 1.46 2.63 4.68 -0.03 -2.20 2.08 0.66 1.02
OPM % 13.36% -5.28% 5.75% 10.96% 1.49% 3.16% 0.73% 3.10% -0.04% -1.77% 0.92% 0.51% 1.27%
0.14 0.34 -0.17 0.52 0.18 0.14 0.61 0.25 0.16 0.24 3.69 0.58 0.22
Interest 1.07 0.44 0.14 0.77 0.42 1.45 -0.38 0.39 0.17 0.20 0.19 0.05 0.01
Depreciation 0.64 0.65 0.67 0.68 0.70 0.73 0.67 0.76 0.77 0.78 0.74 0.79 0.81
Profit before tax 5.61 -3.30 2.08 4.71 0.03 -0.58 2.95 3.78 -0.81 -2.94 4.84 0.40 0.42
Tax % 27.81% 10.30% 37.50% 26.96% -33.33% -25.86% 7.46% 28.31% -25.93% -28.57% 22.52% 35.00% -4.76%
21.57 2.52 25.89 16.95 7.69 -4.16 13.82 12.08 7.36 7.36 14.69 6.96 7.51
EPS in Rs 23.97 2.80 28.77 18.83 8.54 -4.62 15.36 13.42 8.18 8.18 16.32 7.73 8.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
130 107 71 68 75 101 157 175 214 171 524 570 561
123 100 67 67 70 96 152 171 205 162 513 565 560
Operating Profit 7 7 5 1 4 4 5 3 9 9 11 5 2
OPM % 5% 6% 6% 1% 6% 4% 3% 2% 4% 5% 2% 1% 0%
0 0 2 1 0 0 0 0 0 3 1 4 5
Interest 4 4 3 2 3 2 3 2 4 3 2 1 0
Depreciation 1 1 1 0 0 1 1 0 2 3 3 3 3
Profit before tax 2 2 2 -1 1 2 1 1 3 7 7 5 3
Tax % 32% 33% 20% 0% 22% 28% -1% 33% 24% 45% 20% 36%
1 1 2 -1 1 9 20 14 31 72 34 41 37
EPS in Rs 1.56 1.36 2.11 -1.40 1.06 10.08 21.72 15.53 34.21 80.08 37.97 45.40 40.57
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 29%
3 Years: 39%
TTM: -10%
Compounded Profit Growth
10 Years: 42%
5 Years: 16%
3 Years: 10%
TTM: 26%
Stock Price CAGR
10 Years: 22%
5 Years: 60%
3 Years: -8%
1 Year: -7%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 21%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 33 34 36 35 36 78 94 108 144 216 250 292 307
58 62 57 49 41 26 20 47 58 41 54 59 72
6 3 4 3 3 10 12 51 14 10 63 56 34
Total Liabilities 106 108 106 96 89 123 135 215 226 277 377 416 422
5 4 4 4 4 7 8 8 42 42 38 42 41
CWIP 0 0 0 0 0 0 0 29 0 0 0 0 0
Investments 19 19 21 20 20 57 72 86 115 187 228 259 286
82 85 81 72 66 59 55 92 68 48 110 115 95
Total Assets 106 108 106 96 89 123 135 215 226 277 377 416 422

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 6 2 5 13 -8 8 2 21 -3 0
-0 -1 1 -0 -1 -1 -30 -7 -5 -5 -7
-7 -5 -3 -6 -12 10 23 5 -16 7 8
Net Cash Flow -3 0 0 -0 0 0 0 0 0 -0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 82 87 82 161 81 63 29 109 42 40 42 32
Inventory Days 71 105 101 74 105 94 100 67 66 74 36 37
Days Payable 2 2 5 7 1 11 25 108 23 5 16 2
Cash Conversion Cycle 152 190 178 228 185 146 104 68 85 110 62 67
Working Capital Days 143 211 270 217 185 108 100 80 92 86 38 39
ROCE % 6% 4% 0% 4% 4% 4% 2% 4% 4% 3% 2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.97% 63.97% 63.97% 63.96% 63.96% 63.96% 63.97% 63.97% 63.97% 64.83% 63.96% 63.97%
36.03% 36.03% 36.03% 36.04% 36.04% 36.04% 36.03% 36.04% 36.03% 35.17% 36.04% 36.03%
No. of Shareholders 3,8083,8463,8914,2074,1964,1264,0934,1264,5754,6695,7275,639

Documents

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