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Bihar Sponge Iron share price

Bihar Sponge Iron Ltd.

NSE: BIHARSPONG BSE: 500058 SECTOR: Steel/Sponge Iron/Pig Iron  11k   20   1

15.62
-0.31 (-1.95%)
BSE: Today, 02:52 PM

Price Summary

Today's High

₹ 15.62

Today's Low

₹ 15.62

52 Week High

₹ 22.44

52 Week Low

₹ 8.01

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

140.9 Cr.

Enterprise Value

246.37 Cr.

No. of Shares

9.02 Cr.

P/E

19.41

P/B

0

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  -14.33

CASH

2.88 Cr.

DEBT

108.35 Cr.

Promoter Holding

69.23 %

EPS (TTM)

₹  0.8

Sales Growth

436.31%

ROE

0 %

ROCE

0%

Profit Growth

46.8 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year436.31%
3 Year∞%
5 Year∞%

Profit Growth

1 Year46.8%
3 Year155.57%
5 Year151.64%

ROE%

1 Year0%
3 Year0%
5 Year0%

ROCE %

1 Year0%
3 Year0%
5 Year0%

Debt/Equity

-0.8196

Price to Cash Flow

-9.07

Interest Cover Ratio

84.2910089224434

CFO/PAT (5 Yr. Avg.)

0.789052929903411

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 69.23 52.05
Sep 2023 69.23 52.05
Jun 2023 69.23 52.05
Mar 2023 69.23 52.05
Dec 2022 69.23 52.05
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 155.5652646586% for the Past 3 years.
  • Company has a healthy Interest coverage ratio of 84.2910089224434.
  • Company’s PEG ratio is 0.414933685877103.
  • The company has an efficient Cash Conversion Cycle of -34.0917389178916 days.

 Limitations

  • Company has a poor ROE of 0% over the past 3 years.
  • Company has a poor ROCE of 0% over the past 3 years
  • Company has contingent liabilities of 71.373 Cr.
  • Company has negative cash flow from operations of -15.5383.
  • Tax rate is low at 0.
  • The company has negative book value.
  • Promoter pledging is high as 52.05%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 108.31 112.85 48.34 73.74 70.43
Total Expenditure 103.22 109.12 52.84 77.97 74.6
Operating Profit 5.09 3.73 -4.51 -4.23 -4.18
Other Income 0.08 1.59 6.25 6.43 6.37
Interest 0.02 0.11 0 0 0
Depreciation 1.06 1.06 1.06 1.06 1.06
Exceptional Items 0 0.16 0 0 0
Profit Before Tax 4.09 4.31 0.68 1.14 1.13
Tax 0 0 0 0 0
Profit After Tax 4.09 4.31 0.68 1.14 1.13
Adjusted EPS (Rs) 0.45 0.48 0.08 0.13 0.13

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 0 0 22.09 86.4 463.37
Total Expenditure 3.08 3.4 16.79 83.39 449.26
Operating Profit -3.08 -3.4 5.29 3.01 14.12
Other Income 8.65 5.87 2.22 8.18 2.25
Interest 0.09 0.01 0.25 0.03 0.15
Depreciation 4.29 3.29 2.92 2.99 4.25
Exceptional Items -1.31 0.01 -0.38 0.1 0.16
Profit Before Tax -0.11 -0.83 3.96 8.27 12.14
Tax 0 0 0 0 0
Net Profit -0.11 -0.83 3.96 8.27 12.14
Adjusted EPS (Rs.) -0.01 -0.09 0.44 0.92 1.35

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 90.25 90.25 90.25 90.25 90.25
Total Reserves -176.98 -177.81 -173.85 -165.58 -153.45
Borrowings 62.05 60.66 55.45 56.04 87.1
Other N/C liabilities 3.6 3.11 9.02 8.91 10.23
Current liabilities 83.92 81.93 83.75 153.53 130.14
Total Liabilities 62.83 58.14 64.63 143.15 164.28
Assets
Net Block 47.91 44.61 41.73 61.37 57.3
Capital WIP 2.82 2.82 2.82 0 1.61
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 2.41 2.41 2.41 3.66 5.46
Other N/C Assets 1.25 1.25 7.83 23.13 27.87
Current Assets 8.44 7.05 9.83 54.99 72.04
Total Assets 62.83 58.14 64.63 143.15 164.28
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -0.11 -0.83 3.96 8.27 12.14
Adjustment 1.22 1.81 3.67 1.69 13.53
Changes in Assets & Liabilities -1.14 0.06 2.34 13.52 -40.67
Tax Paid -0.15 -0.08 -0.04 -0.17 -0.53
Operating Cash Flow -0.18 0.96 9.93 23.31 -15.54
Investing Cash Flow 0 0 -0.05 -18.46 -1.78
Financing Cash Flow 0.3 -1.4 -9.5 -2.36 16.72
Net Cash Flow 0.13 -0.43 0.38 2.49 -0.59

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 69.23 69.23 69.23 69.23 69.23
a to z holdings private l... 1.89 1.89 1.89 1.89 1.89
bihar state industrial de... 7.11 7.11 7.11 7.11 7.11
kumkum modi 0.01 0.01 0.01 0.01 0.01
longwell investment pvt.... - - 4.47 4.47 4.47
meghna modi 0.02 0.02 0.02 0.02 0.02
moderate leasing and capi... - - 49.10 49.10 49.10
modi industries limited 2.22 2.22 2.22 2.22 2.22
umesh kumar modi 4.41 4.41 4.41 4.41 4.41
longwell investment pvt ... 4.47 4.47 - - -
moderate leasing and capi... 49.10 49.10 - - -
PARTICULARS Jun 2022% Sep 2022% Dec 2022% Mar 2023% Jun 2023%
investors 30.77 30.77 30.77 30.77 30.77
indian sulphacid industri... 1.06 1.06 1.06 1.06 1.01

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Bihar Sponge Iron informs about certificate11 Apr 2024, 11:22AM Bihar Sponge Iron informs about compliance certificate11 Apr 2024, 11:19AM Bihar Sponge Iron informs about issue of duplicate share certificate2 Apr 2024, 5:21PM Bihar Sponge Iron informs about closure of trading window 20 Mar 2024, 12:59PM Bihar Sponge Iron - Quaterly Results10 Feb 2024, 3:59PM Bihar Sponge Iron - Quaterly Results10 Feb 2024, 3:59PM Bihar Sponge Iron - Quaterly Results10 Feb 2024, 3:59PM Bihar Sponge Iron informs about certificate8 Jan 2024, 2:50PM Bihar Sponge Iron - Quaterly Results6 Nov 2023, 2:30PM Bihar Sponge Iron - Quaterly Results6 Nov 2023, 2:30PM Bihar Sponge Iron - Quaterly Results6 Nov 2023, 2:30PM Bihar Sponge Iron informs about board meeting 30 Oct 2023, 5:09PM Bihar Sponge Iron - Quaterly Results11 Aug 2023, 3:23PM Bihar Sponge Iron informs about certificate11 Jul 2023, 1:20PM Bihar Sponge Iron informs about loss of share certificate4 Jul 2023, 12:19PM Bihar Sponge Iron informs about loss of share certificates17 Jun 2023, 10:34AM Bihar Sponge Iron informs about annual secretarial compliance report27 May 2023, 3:00PM Bihar Sponge Iron informs about cessation of independent director11 May 2023, 5:11PM Bihar Sponge Iron informs about closure of trading window 29 Mar 2023, 12:20PM Bihar Sponge Iron informs about loss of share certificate28 Feb 2023, 12:46PM Bihar Sponge Iron - Quaterly Results14 Feb 2023, 12:59PM Bihar Sponge Iron informs about issuance of share certificates13 Feb 2023, 12:33PM Bihar Sponge Iron informs about issuance of share certificates19 Jan 2023, 12:53PM Bihar Sponge Iron informs about newspaper publication15 Nov 2022, 5:20PM Bihar Sponge Iron informs about outcome of board meeting 14 Nov 2022, 5:36PM Bihar Sponge Iron informs about loss of share certificates27 Oct 2022, 11:03AM Bihar Sponge Iron informs about AGM notice 23 Sep 2022, 5:16PM Bihar Sponge Iron informs about issuance of duplicate share certificate 19 Aug 2022, 4:43PM Bihar Sponge Iron - Quaterly Results6 Aug 2022, 3:44PM Bihar Sponge Iron - Quaterly Results6 Aug 2022, 3:44PM Bihar Sponge Iron - Quaterly Results6 Aug 2022, 3:44PM Bihar Sponge Iron informs about updates20 Jul 2022, 1:16PM Bihar Sponge Iron informs about annual secretarial compliance report28 May 2022, 3:09PM Bihar Sponge Iron informs about outcome of board meeting25 May 2022, 4:00PM Bihar Sponge Iron - Quaterly Results25 May 2022, 2:40PM Bihar Sponge Iron - Quaterly Results25 May 2022, 2:40PM Bihar Sponge Iron - Quaterly Results25 May 2022, 2:40PM Bihar Sponge Iron informs about loss of share certificates23 Apr 2022, 12:02PM Bihar Sponge Iron informs about trading window closure29 Dec 2021, 3:29PM Bihar Sponge Iron informs about change in directorate21 Dec 2021, 4:22PM Bihar Sponge Iron board to approve un-audited financial results1 Nov 2021, 2:47PM Bihar Sponge Iron informs about 39th annual report and AGM notice20 Aug 2021, 2:21PM Bihar Sponge Iron informs about annual secretarial compliance report29 Jun 2021, 1:57PM Bihar Sponge Iron informs about board meeting5 May 2021, 12:35PM Bihar Sponge Iron enters into facility user agreement with Vanraj Steel1 Jan 2021, 1:35PM Bihar Sponge Iron informs about press release19 Nov 2020, 4:31PM Bihar Sponge Iron informs about certificate17 Oct 2020, 10:39AM Bihar Sponge Iron informs about newspaper clippings15 Sep 2020, 3:41PM Bihar Sponge Iron informs about board meeting19 Jun 2020, 3:43PM

Bihar Sponge Iron Stock Price Analysis and Quick Research Report. Is Bihar Sponge Iron an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Bihar Sponge Iron has a PE ratio of 19.4133731046483 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Bihar Sponge Iron has ROA of 7.89480018553805 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Bihar Sponge Iron has a Current ratio of 0.553565377614302 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Bihar Sponge Iron has a ROE of 0 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Bihar Sponge Iron has a D/E ratio of -0.8196 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Bihar Sponge Iron has an Inventory turnover ratio of 10.2551031029829 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Bihar Sponge Iron has reported revenue growth of 436.313310185185 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Bihar Sponge Iron for the current financial year is 3.04619565979757 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Bihar Sponge Iron is Rs 0 and the yield is 0 %.

Last Updated on:
Brief about Bihar Sponge Iron
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