Balasore Alloys Ltd - Stock Valuation and Financial Performance

BSE: 513142 | NSE: ISPATALLOY | Ferro & Silica Manganese | Small Cap

Balasore Alloys Share Price

6.29 0.00 0.00%
as on 13-Dec'21 18:01

DeciZen - make an informed investing decision on Balasore Alloys

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Balasore Alloys stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
58.7 Cr.
52-wk low:
6
52-wk high:
6.6

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Balasore Alloys Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Balasore Alloys:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.6%6.9%4.2%9.4%8.9%4.1%-5.2%-1.4%-3.9%-11.4%-
Value Creation
Index
-0.5-0.5-0.7-0.3-0.4-0.7-1.4-1.1-1.3-1.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7838488381,0121,2101,258767100102382102
Sales YoY Gr.-8.3%-1.2%20.8%19.6%3.9%-39%-87%2%273.6%-
Adj EPS 8.47.32.98.27.31.6-9.6-4.3-6.1-18.1-6.2
YoY Gr.--13.3%-60.7%188.4%-10.7%-78.1%-698.1%NANANA-
BVPS (₹) 55.454.952.7100.7103.199.687.884.378.460.281.8
Adj Net
Profit
53.851.520.273.168.515-89.9-40.4-56.4-169-58
Cash Flow from Ops. 9565.96389.513982.744-917.2-289-
Debt/CF from Ops. 3.11.82.12.41.32.24.5-22.711.7-2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.7%-20.6%-20.8%273.6%
Adj EPS -209%-219.8%NANA
BVPS0.9%-10.2%-11.8%-23.1%
Share Price -6.8% -22.8% -8.9% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.85.72.38.27.31.6-10.3-5-7.4-26.1-8.8
Op. Profit
Mgn %
17.213.610.117.712.47.7-8.57.8-20-12.3-7.3
Net Profit
Mgn %
6.96.12.47.25.71.2-11.7-40.4-55.3-44.3-56.9
Debt to
Equity
0.80.30.30.20.20.20.20.30.311
Working Cap
Days
2111651481851961953102,4372,460714100
Cash Conv.
Cycle
-38-45-46-53-33-34-35-85565156-4

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Balasore Alloys Ltd.

Standalone Consolidated
TTM EPS (₹) -6.2 -6.2
TTM Sales (₹ Cr.) 102 102
BVPS (₹.) 81.8 78.2
Reserves (₹ Cr.) 717 683
P/BV 0.08 0.08
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 5.97 / 6.59
All Time Low / High (₹) 0.40 / 99.90
Market Cap (₹ Cr.) 58.7
Equity (₹ Cr.) 46.7
Face Value (₹) 5
Industry PE 9.7

Management X-Ray of Balasore Alloys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *41.2841.2841.2841.2841.2841.2841.2841.2841.2841.24
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Balasore Alloys

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales782.61847.85837.971,011.811,210.341,258.06767.46100.17102.12381.56
Operating Expenses 659.94739.37755.95832.631,059.911,189.87839.3293.30124.97431.89
Manufacturing Costs251.79280.33313.63349.22408.12423.43344.2570.667.45118.83
Material Costs237.06268.30271.91287.83453.41548.70331.89-58.6765.65230.08
Employee Cost 50.3560.8656.776370.3865.2555.1938.026.9022.44
Other Costs 120.74129.88113.64132.57128152.4810843.2944.9760.54
Operating Profit 122.67108.4882.03179.19150.4368.19-71.866.87-22.85-50.34
Operating Profit Margin (%) 15.7%12.8%9.8%17.7%12.4%5.4%-9.4%6.9%-22.4%-13.2%
Other Income 8.6833.816.7422.1060.7112.1023.135.8110.1219.77
Interest 38.4635.4031.5139.3446.1544.2049.5937.7627.1071.96
Depreciation 18.8521.0622.2627.0930.3132.0730.2928.6226.3024.31
Exceptional Items 0-43.6700-26.62-36.84-20.2200-97.56
Profit Before Tax 74.0442.1634.99134.85108.05-32.82-148.82-53.70-66.13-224.39
Tax 28.0412.9216.3051.2142.50-3.66-40.41-13.08-8.03-53.06
Profit After Tax 4629.2418.6983.6465.56-29.16-108.41-40.62-58.10-171.34
PAT Margin (%) 5.9%3.4%2.2%8.3%5.4%-2.3%-14.1%-40.5%-56.9%-44.9%
Adjusted EPS (₹)7.24.12.49.47.0-3.1-11.6-4.4-6.2-18.4
Dividend Payout Ratio (%)8%15%25%8%11%-13%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 917.03898.92878.82894.93961.80929.67819.57786.80731.23561.98
Share Capital 33.6636.9640.9644.4546.6646.6646.6646.6646.6646.66
Reserves 883.37861.96837.85850.49915.13883772.91740.14684.57515.32
Minority Interest0000000000
Debt260.7996.92112.54183.76172.01172.13194.18200.31200.27577.20
Long Term Debt198.0638.2819.0610.105.281.710.3000531.03
Short Term Debt62.7358.6493.48173.66166.73170.42193.87200.31200.2746.17
Trade Payables182.83221.12256.30291.70265.38343.64228.87183.37187.91277.62
Others Liabilities 195142.14169.53270.16296.26288.22448.06566.73525.22406.79
Total Liabilities 1,555.651,359.111,417.191,640.551,695.441,733.651,690.671,737.221,644.631,823.59

Fixed Assets

Gross Block1,403.361,437.541,451.111,354.601,397.681,433.011,497.831,498.031,497.601,497.97
Accumulated Depreciation454.92503.12571.26508.58533.80565.58595.86624.48650.54674.85
Net Fixed Assets948.43934.42879.85846.02863.88867.43901.97873.55847.06823.12
CWIP 77.9372.6990.2594.27119.93133.52117.03117.48117.48117.48
Investments 37.6734.0234.1216.6317.5117.6117.6317.1316.1816.18
Inventories98.09126.48132.75203.12190.42174.48150.74277.59256.48286.11
Trade Receivables12.7213.1024.5839.7952.3951.0556.1453.3088.50133.68
Cash Equivalents 5.757.7615.0826.0633.5528.7035.2010.226.5030.48
Others Assets375.06170.64240.55414.66417.77460.85411.97387.94312.44416.54
Total Assets 1,555.651,359.111,417.191,640.551,695.441,733.651,690.671,737.221,644.631,823.59

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 94.9965.9062.9789.54139.4482.7243.95-8.9617.24-289.14
PBT 74.0443.0434.99134.85108.05-32.82-148.82-53.70-66.13-224.39
Adjustment 66.2440.0450.92-5.5284.69126.6793.34-52.0263.83177.75
Changes in Working Capital -26.55-17.15-5.27-33.42-24.14-9.21101.0599.6620.69-241.44
Tax Paid -18.75-0.03-17.68-6.37-29.16-1.92-1.61-2.90-1.16-1.06
Cash Flow From Investing Activity -41.58143.17-65.18-118.88-64.67-57.27-47.3726.025.753.08
Capex -52.75-55.68-67.25-107.13-77.80-54.06-42.362.99-0.365.16
Net Investments 1.13-1.25-0.10-18.654.01-5.29-8.8323.925.76-3.05
Others 10.04200.102.176.899.122.083.83-0.880.350.96
Cash Flow From Financing Activity -52.69-208.457.9429.53-65.85-35.980.96-18.85-22.09307
Net Proceeds from Shares 07.9213.600000000
Net Proceeds from Borrowing -11.56-172.19-18.763.06-27.02-6.62-5.33-0.16-0.67528.86
Interest Paid -36.96-35.18-26.25-23.85-30.15-26.05-15.72-25.13-21.37-67.76
Dividend Paid -3.74-4.81-4.96-4.54-8.99-7-1.44000
Others -0.43-4.1844.3054.850.303.6923.456.44-0.05-154.10
Net Cash Flow 0.720.625.720.188.92-10.53-2.45-1.790.9020.93
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.727.854.6412.767.06-3.08-12.4-5.06-7.65-26.5
ROCE (%)17.5813.3812.4920.7913.621.01-9.34-1.59-4.06-14.71
Asset Turnover Ratio0.520.60.630.680.740.730.450.060.060.22
PAT to CFO Conversion(x)2.072.253.371.072.13N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days45811141525199253106
Inventory Days44475459585377780954260
Payable Days204229268319224203315-1,2821,032369

Balasore Alloys Ltd Stock News

Balasore Alloys Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Balasore Alloys on 13-Dec-2021 18:01 is ₹6.29.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Dec-2021 18:01 the market cap of Balasore Alloys stood at ₹58.70.
The latest P/E ratio of Balasore Alloys as of 13-Dec-2021 18:01 is 0.00.
The latest P/B ratio of Balasore Alloys as of 13-Dec-2021 18:01 is 0.08.
The 52-week high of Balasore Alloys is ₹6.59 and the 52-week low is ₹5.97.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balasore Alloys is ₹102.1 ( Cr.) .

About Balasore Alloys Ltd

Balasore Alloys was incorporated in the year 1984 at Balasore, Orissa. It was formerly Ispat Alloys and is part of the renowned Ispat group of companies which is a major business house in the country, promoted by the Mittals. The group’s companies are spread across six countries including Libya, Bosnia, Philippines, Azerbaijan and Uzbekistan.

Currently it operates 5 furnaces with total capacity of 57 MVA to produce 95,000 MT bulk ferro alloys per annum. With multiple furnaces of different capacities, the company has the flexibility to produce different types of ferro alloys as per market dynamics.

The company has captive mines in different locations like chromite ore mines in Sukinda Valley at Jajpur Road (Orissa), Manganese Ore Mines in Hathoda (Madhya Pradesh).

The other associate companies of Balasore Alloys are Ispat Industries, Ispat Metallics India, Ispat Profiles India, Gontermann Peipers India, etc.

Business area of the company:

  • Balasore alloys is one of the largest ferro alloys producer and suppliers in India.

The company is also exporting its products since 1991-92 and continues to supply to countries like Japan, China, Taiwan, Korea, USA, Canada, Brazil, Mexico etc. Its export base has increased from 4 countries in 1991-92 to 12 countries in 2007-08 to 26 countries in 2008.

Award/recognition:

Balasore Alloys has received ISO-9002, ISO-14001 certification for its plant and ISO-9002 for its mines in Jajpur, Orissa. It follows various modern management initiatives such as six sigma, TPM, supply chain management and performance management systems for improvement of overall efficiency of the company.

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