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Bengal Steel Industries Ltd (512404)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512404 NSE: Steel & Iron Products | Small Cap | Bengal Steel Inds. Share Price

₹0.05 0.00 (0.00%)

As on 17-May'24 16:01

Bengal Steel Industries Ltd (512404)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512404 NSE: Steel & Iron Products | Small Cap | Bengal Steel Inds. Share Price

₹0.05 0.00 (0.00%)

As on 17-May'24 16:01

Key Metrics
Valuation Multiples
Market Cap
₹0 Cr.
Current Price
₹0.1
52-Week Low / High
₹0 / 0
TTM EPS
₹0.2
TTM Sales
₹0.5 Cr.
Book Value per Share
₹20.2
P/E Ratio
0.31
In line with its 3-year historical median
Industry PE
24.3
Price to Book (P/B)
0.00
Price to Sales (P/S)
0.05
In line with its 3-year historical median
EV/EBITDA
-3.19
In line with its 3-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.80%
Underperforms industry median
Return on Capital Employed (ROCE)
2.13%
Underperforms industry median
Return on Assets (ROA)
1.70%
Operating Profit Margin
31%
Net Profit Margin
31.42%
Gross Profit Margin
39%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.75%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
80%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
125%
Asset Quality
Promoter Holding
74.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5 Cr.
Equity
₹4.9 Cr.
Face Value
₹10
All Time Low / High
₹0.02 / 0.05

Bengal Steel Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Bengal Steel Industries Ltd a good quality company?
Bengal Steel Industries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bengal Steel Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bengal Steel Industries Ltd vs industry peers?
Bengal Steel Industries Ltd revenue CAGR is 9.63%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bengal Steel Industries Ltd?
Promoters hold 74.99% of the Bengal Steel Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bengal Steel Industries Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Bengal Steel Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0.9%0.4%-3.2%-5.9%2.4%4.8%0.9%2.3%0.9%2.1%-
Value Creation
Index
-0.9-1.0-1.2-1.4-0.8-0.7-0.9-0.8-0.9-0.9-

Growth Parameters

Sales 0.50.3000.40.50.50.50.50.60
Sales YoY Gr.--37.5%-100%NANA33.3%0%0%0%18.8%-
Adj EPS 0.40-0.6-1.10.40.60.20.10.20.40.2
YoY Gr.--95.4%-3300%NANA55.6%-57.1%-58.3%60%131.3%-
BVPS (₹) 202019.418.318.619.419.62020.220.520.2
Adj Net
Profit
0.20-0.3-0.50.20.30.10.10.10.20
Cash Flow from Ops. -4.40.2-0.203.8-0.20.1-0.40.20.7-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.9%9.6%5.9%18.8%
Adj EPS -1.7%0.6%15.5%131.3%
BVPS0.3%2%1.5%1.8%
Share Price - - - -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.10.1-3.3-5.91.92.91.30.50.81.80.8
Op. Profit
Mgn %
54.510-21749.1056.762.616.9-0.121.33151.7
Net Profit
Mgn %
43.43.9-20645.3048.556.724.910.316.231.416.3
Debt to
Equity
00000000000
Working Cap
Days
5,63311,48922,53,28306,8323,9654,1304,2334,3203,424745
Cash Conv.
Cycle
0000000000577

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0.480.30000.360.480.480.480.480.57
Operating Expenses + 0.480.270.330.560.160.180.410.480.380.39
Manufacturing Costs00.010.010.010.010.020.010.0100
Material Costs0000000000
Employee Cost 0.110.030.090.070.020.040.030.080.080.10
Other Costs 0.370.230.230.470.120.120.370.390.290.30
Operating Profit -00.03-0.33-0.560.200.300.07-00.100.18
Operating Profit Margin (%) -0.8%10.0%-21,749.1%-56.7%62.6%14.4%-0.1%21.3%31.0%
Other Income + 0.110.020.030.020.010.150.020.2400.05
Exceptional Items 0000000000
Interest 0000000000
Depreciation 0.010.010.0100000.010.010.01
Profit Before Tax 0.090.04-0.31-0.540.220.450.080.220.090.21
Tax 0.070.03000.040.08-0.030.040.010.03
Profit After Tax 0.020.01-0.31-0.540.170.380.110.190.080.18
PAT Margin (%) 4.7%3.9%-20,342.3%-48.5%78.3%23.2%39.4%16.2%31.4%
Adjusted EPS (₹)0.10.0-0.6-1.10.40.80.20.40.20.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Bengal Steel Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9.799.819.508.959.139.509.619.809.8810.06
Share Capital 4.904.904.904.904.904.904.904.904.904.90
Reserves 4.894.914.604.054.234.604.714.904.985.16
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables0000000000
Others Liabilities 1.020.641.060.590.630.700.540.530.550.54
Total Liabilities 10.8110.4410.569.549.7610.2010.1510.3410.4310.60

Fixed Assets

Net Fixed Assets +0.140.130.120.120.120.120.330.320.310.30
Gross Block2.452.452.452.452.452.452.662.662.662.66
Accumulated Depreciation2.312.322.332.332.332.332.332.342.352.36
CWIP 0000000000
Investments 11.020.840.864.414.414.404.164.164.16
Inventories0000000000
Trade Receivables0000000000
Cash Equivalents 0.040.040.030.030.280.190.040.110.351.06
Others Assets 9.639.269.568.534.955.485.385.755.615.08
Total Assets 10.8110.4410.569.549.7610.2010.1510.3410.4310.60

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -4.370.17-0.2103.79-0.240.05-0.370.240.71
PBT 0.090.04-0.31-0.540.220.450.080.220.090.21
Adjustment 0.07-0.01-0.02-0.01-0.01-0.150-0.190.010.01
Changes in Working Capital -4.480.180.120.563.58-0.54-0.05-0.40.160.48
Tax Paid -0.05-0.0300000.02-0.01-0.010
Cash Flow From Investing Activity + 3.50-0.180.210-3.540.15-0.200.4400
Capex 000000-0.21000
Net Investments 3.40-0.180.190-3.540.1500.4400
Others 0.110.010.010000.01000
Cash Flow From Financing Activity + -0000000000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow -0.87-0-0.0100.25-0.09-0.150.070.240.71

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.230.12-3.21-5.91.934.031.161.950.791.8
ROCE (%)0.930.43-3.19-5.892.414.840.872.310.942.13
Asset Turnover Ratio0.040.03000.040.050.050.050.050.05
PAT to CFO Conversion(x)-218.517N/AN/A22.29-0.630.45-1.9533.94
Working Capital Days
Receivable Days0000000000
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bengal Steel Industries Ltd FAQs

The current trading price of Bengal Steel Inds. on 17-May-2024 16:01 is ₹0.05.

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 16-May-2024 the market cap of Bengal Steel Inds. stood at ₹0.02 Cr

The latest P/E ratio of Bengal Steel Inds. as of 16-May-2024 is 0.31.

The latest P/B ratio of Bengal Steel Inds. as of 16-May-2024 is 0.00.

The 52-week high of Bengal Steel Inds. is ₹0.05 and the 52-week low is ₹0.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bengal Steel Inds. is ₹0.48 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bengal Steel Industries Ltd is a below average quality company.

The key valuation ratios of Bengal Steel Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bengal Steel Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Bengal Steel Industries Ltd

Bengal Industries manufactures stainless steel corrugated hoses, stainless steel wire braid and hose-assemblies at their state of the art facility at Faridabad, falls under national capital region i.e., New Delhi in India. The ISO-9001-2000 accredited company, was established in 1978, has grown to become one of the major producers of stainless steel corrugated flexible hoses in India. The company is professionally managed by a dedicated and motivated team of professionals.

The company is the only hose manufacturer in India to receive 'CE' certification. This is from DNV, Norway for design, manufacture and testing of stainless steel corrugated flexible hose assemblies under Pressure Equipment Directive of European Council 97/23/EC. Supplying quality products continuously over three decades to over 35 countries worldwide by following a simple philosophy of continuous improvement in all spheres of business activity has now become a tradition. This has benefited the company substantially in attaining the status of priority supplier for its products to all customers in India as well as overseas.

By starting the production of Flexible Exhaust Connectors (Flex pipes/couplings) for vehicle exhaust systems, Bengal Industries has now spread its manufacturing operations into the Automotive Component Industry. A brand new facility has been put to ensure best quality production of these components.

Infrastructure

  • Two plants located within a close proximity having a total built up area of over 60,000 square feet.
  • 100% captive powers back up to ensure nonstop production resulting in timely delivery to customers.
  • Tube mills for production Stainless steel tubes
  • Braiding machines of European origin to produce quality Braids
  • Hydro Forming Corrugators
  • Mechanical Corrugators
  • Elastomer Bellow Forming Machines
  • State of the art Interlock Hose manufacturing machine
  • Leakage Testing Equipment
  • Fatigue and Cycle Life Test Machine
  • Burst Pressure and Yield Tester
  • Bend Radius Tester
  • Flame Testing Machine

Customers

The company’s products are exported to customers in all major foreign markets. Global standards in quality and environment; constant innovation; and collaboration with major global suppliers has given them the technology and expertise to access quality oriented customers worldwide At present the company’s products are exported to over 35 countries worldwide including the North and South America, Eastern and Western Europe, Middle East, South and South East Asia, Australia and South Africa.

A focus on supplying Zero Defect Product Quality combined with an efficient customer service and minimal response time has earned them a preferred supplier status with their customers.

Products

Automotive

The company manufactures a wide range of Automotive Exhaust Connectors, which is a part of vehicle exhaust system installed between engine and muffler, and is used to decrease noise and vibration from engine exhaust system and absorb thermal expansion of muffler pipe resulted due to high temperature of exhaust gas.

Automotive Exhaust connector is installed between the engine exhaust and the catalytic converter / muffler. In most of the front wheel drive vehicles, engine is transversely mounted because of the compact design. It helps to protect the silencer and engine from forces at the inlet connection due to high temperatures and fluctuations in exhaust flow rates. It compensates for the misalignment of exhaust pipe, seals the line to protect catalytic converter and prevents the air pollution caused by exhaust gases.

The complete range includes Automotive Exhaust Connectors in various types e.g. (Standard Unlined, Inner Braid Lined and Interlock Hose Lined). These are available in all regular sizes and special sizes can also be manufactured according to specific customer requirements.

Industrial

A wide range of metallic flexible hoses are manufactured in SS AISI 304, 321, 316 & 316-L conforming to BS 6501: Part 1: 1991/ISO 10380:2003. The company is the only hose manufacturer in India to receive 'CE' certification.

Stainless steel corrugated hoses are offered from 6mm NB (1/4') to 250mm NB (10”). The annular corrugated hose body provides tight core of the assembly. It also manufactures highly flexible close pitch and heavy duty hoses for special applications.

These are used in Refineries Power Plants Fertilizer Industry Pharmaceutical Industry Chemical Industry Automotive Industry Steam, Hot Water, Pneumatic Service Vacuum Systems Air Conditioning & Refrigeration Steel Plants Nuclear Installations Cryogenic Service Paper Plants Lubrication Systems Defence Industry Boilers Piping Ports & Ship Yards Railways.

 

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