Balasore Alloys Ltd

₹ 6.29 0.16%

13 Dec 2021

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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Market Cap ₹ 58.7 Cr.
Current Price ₹ 6.29
High / Low ₹ /
Stock P/E
Book Value ₹ 55.4
Dividend Yield 0.00 %
ROCE -8.08 %
ROE -1.66 %
Face Value ₹ 5.00

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Pros

Stock is trading at 0.11 times its book value
Debtor days have improved from 163 to 43.4 days.

Cons

Company has low interest coverage ratio.
Company has a low return on equity of -7.20% over last 3 years.
Contingent liabilities of Rs.52.9 Cr.
Company might be capitalizing the interest cost
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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2020	Dec 2020	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Mar 2024	Jun 2024
	21	2	28	46	3	25	53	6	33	401	335	190	223
	-44	26	32	38	9	46	37	29	71	394	376	167	197
Operating Profit	65	-24	-5	9	-6	-20	16	-23	-39	7	-41	23	26
OPM %	314%	-1,070%	-17%	19%	-195%	-82%	31%	-372%	-118%	2%	-12%	12%	12%
	1	0	0	0	0	10	2	1	1	2	2	0	0
Interest	10	9	7	7	7	7	11	14	17	8	7	0	0
Depreciation	7	7	7	7	1	11	6	6	6	6	6	0	0
Profit before tax	49	-40	-18	-5	-14	-29	1	-42	-61	-4	-52	23	26
Tax %	24%	-24%	-24%	-24%	-24%	3%	95%	46%	26%	-0%	-23%	-190%	28%
	37	-30	-14	-4	-10	-30	0	-61	-77	-4	-40	67	19
EPS in Rs	4.01	-3.24	-1.49	-0.41	-1.10	-3.21	0.00	-6.58	-8.24	-0.38	-4.29	7.22	1.99
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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
	686	783	848	838	1,012	1,210	1,261	767	100	102	382	1,123
	589	660	733	756	832	1,091	1,193	838	93	125	432	1,215
Operating Profit	97	123	115	82	179	119	69	-71	7	-23	-50	-92
OPM %	14%	16%	14%	10%	18%	10%	5%	-9%	7%	-22%	-13%	-8%
	15	9	-17	7	22	34	-25	1	6	10	-78	0
Interest	44	38	35	32	39	46	44	50	38	27	72	0
Depreciation	17	19	21	22	27	30	32	30	29	26	24	0
Profit before tax	51	74	42	35	135	77	-32	-149	-54	-66	-225	-92
Tax %	43%	38%	31%	47%	38%	56%	-11%	-27%	-24%	-12%	-24%	-90%
	29	46	29	19	84	34	-29	-109	-41	-58	-171	-9
EPS in Rs	4.47	7.14	4.11	2.36	9.41	3.65	-3.08	-11.68	-4.36	-6.23	-18.37	-0.99
Dividend Payout %	12%	9%	15%	26%	8%	21%	-13%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	4%
5 Years:	-2%
3 Years:	124%
TTM:	194%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	21%
TTM:	87%

Stock Price CAGR
10 Years:	-12%
5 Years:	-11%
3 Years:	0%
1 Year:	%

Return on Equity
10 Years:	-1%
5 Years:	-7%
3 Years:	-7%
Last Year:	-2%

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	Sep 2023
Equity Capital	34	34	37	41	44	47	47	47	47	47	47	47
Reserves	897	892	869	856	888	919	882	771	738	683	513	470
	309	292	116	132	215	181	178	196	203	202	577	559
	258	299	345	397	524	552	627	692	775	746	772	816
Total Liabilities	1,497	1,517	1,367	1,426	1,671	1,699	1,734	1,706	1,763	1,678	1,909	1,892
	988	948	934	880	846	864	867	902	874	847	823	813
CWIP	52	78	73	90	94	120	134	117	117	117	117	121
Investments	16	16	12	12	17	18	18	18	17	16	16	16
	441	475	347	444	714	698	716	669	755	697	952	941
Total Assets	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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	114	95	66	63	90	110	83	44	-9	-9	-289
	-235	-41	143	-65	-119	-36	-57	-47	26	26	3
	120	-53	-208	8	30	-66	-36	1	-19	-19	307
Net Cash Flow	0	1	1	6	0	9	-10	-2	-2	-2	21

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

Shareholding Pattern

Numbers in percentages

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 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	1,15,190	1,14,907	1,14,601	1,14,457	1,14,464	1,14,434	1,14,437	1,14,447	1,14,437	1,14,404	1,14,388	1,14,382

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	61.35%	61.44%	61.44%	61.44%	61.44%	61.44%	61.44%	61.44%
	1.91%	1.82%	1.82%	1.82%	2.45%	2.45%	1.82%	1.82%
	0.68%	0.65%	0.65%	0.65%	0.01%	0.01%	0.64%	0.64%
	36.06%	36.09%	36.09%	36.09%	36.09%	36.09%	36.10%	36.09%
No. of Shareholders	1,25,261	1,32,450	1,20,871	1,17,958	1,15,190	1,14,464	1,14,437	1,14,382

* 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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Balasore Alloys Ltd

Balasore Alloys Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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