Tata Steel BSL Ltd Stock Analysis

BSE: 500055 | NSE: TATASTLBSL | Steel & Iron Products | Mid Cap

BSE Share Price Nov 12, 18:01
85.55 0.00 (0.00%)

DeciZen - Make an Informed Decision on Tata Steel BSL

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

1. Is Tata Steel BSL Ltd a good quality company?

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

2. Is Tata Steel BSL Ltd undervalued or overvalued?

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

3. Is Tata Steel BSL Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Steel BSL Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tata Steel BSL:

Analysis of Financial Track Record

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

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 7.1%5.4%3%1.1%-0.2%0.6%-11.2%7.6%1.2%10.8%-
Value Creation Index -0.5-0.6-0.8-0.9-1.0NANA-0.5-0.9-0.2-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 9,94110,7449,67610,64611,80313,70617,01320,89218,19921,41927,375
YoY Gr. Rt. %-8.1%-9.9%10%10.9%16.1%24.1%22.8%-12.9%17.7%-
Adj EPS 50.541.63.7-55-146.4-154.4-373.4-3.6-6.922.664.6
YoY Gr. Rt. %--17.5%-91.2%-1603.6%NANANANANANA-
BVPS (₹) 339.2407.7399.5342.299.7-54.9-1,150.5167.5161.5184.1222.9
Adj Net Profit 1,08891482.9-1,247-3,316-3,497-8,458-389-7592,4767,059
Cash Flow from Ops. 2,852-2132,3112,1739237521,7895,8001,7188,142-
Debt/CF from Ops. 7.5-134.115.21852.466.427.82.910.21.4-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 8.9%12.7%8%17.7%
Adj EPS -8.5%NANANA
BVPS -6.613.1014
Share Price -12.5% 10% 36.7% 108.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 15.910.90.9-14.6-65.4-689.56210.1-4.213.131.7
Op. Profit Mgn % 31.33128.220.517.721.313.118.512.825.635.4
Net Profit Mgn % 118.50.9-11.7-28.1-25.5-49.7-1.9-4.211.625.8
Debt to Equity 2.93.23.9521.4-40.2-1.90.910.60.2
Working Cap Days 25630841539325715015112815212590
Cash Conv. Cycle 8913519619211661764643717

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 31.70%

Debt to equity has declined versus last 3 years average to 0.58

Sales growth is good in last 4 quarters at 80.96%

Sales growth has been subdued in last 3 years 7.98%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Tata Steel BSL Ltd.

Standalone Consolidated
TTM EPS (₹) 64.6 65.3
TTM Sales (₹ Cr.) 27,375 27,375
BVPS (₹.) 222.9 231.4
Reserves (₹ Cr.) 24,158 25,084
P/BV 0.38 0.37
PE 1.32 1.31
From the Market
52 Week Low / High (₹) 37.40 / 109.60
All Time Low / High (₹) 2.34 / 536.93
Market Cap (₹ Cr.) 9,354
Equity (₹ Cr.) 218.7
Face Value (₹) 2
Industry PE 7.1

Management X-Ray of Tata Steel BSL :

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 (%)

Event Update

Analyst's Notes

News

About Tata Steel BSL Ltd

Bhushan Steel (BSL), earlier known as Bhushan Steel & Strips was incorporated in the year 1983.It is a globally renowned company and is one of the leading prominent player in Steel Industry. Backed by more than two decades, of experience in Steel making, Bhushan Steel is now India’s 3rd largest Secondary Steel Producer company with an existing steel production capacity of 2 million tones per annum’s.

The company has three manufacturing units in the state of Uttar Pradesh (Sahibabad Unit), Maharashtra (Khopoli unit), and Orissa Plant (Meramandali unit) in India and sales network is across many countries.The company is a source for vivid variety of products such as Cold Rolled Closed Annealed, Galvanized Coil and Sheet, High Tensile Steel Strapping, Colour Coated Coils , Galume Sheets and Coils, Hardened & Tempered Steel Strips , Billets, Sponge Iron, Precision Tubes and Wire Rod.

BSL  clientele includes automobile and home appliances majors  like General Motor, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Eicher Tractors, Ashok Leyland, LG Electronics, Whirlpool, Videocon, Daikin, Samsung Electronics, Godrej, Voltas, IFB, Carrier Refrigeration, Electrolux Group amongst others.The company is on due course o become a fully Integrated Steel & Power Company with market leading offerings in value added Steel in Automotive and White Good Segment with the quality  been approved by ISO 9002 and QS 9000.

Products:

  • Cold Rolled
  • Galvanized
  • Bhushan Galume
  • Colour Coated Coil
  • Colour Coated Tiles
  • Drawn Tubes of OEM Grade
  • Hardened & Tempered Steel Strips
  • High Tensile Steel Strapping
  • Alloy Billets
  • Sponge Iron
  • Wire Rod

Recognition:

BSL has received ISO 14001:2004 certification for Environmental Management System.

BSL has received ISO/TS 16949:2002 certification for Quality Systems.

It has also received OHSAS 18001:1999 certification for health and safety management system.

Milestone:

Most brilliant milestone in BSL’s journey of excellence is setting up of Steel and Power Plant in Orissa. On completion, the Plant will be one of the largest integrated Hot Rolled Steel and Power complexes of the nation

BSL has emerged as the countries largest and the only CR Steel Plant with an independent line for manufacturing Cold Rolled Coils and Sheets up to a width of 1700mm, as well as Galvanized Steel Coils and Sheets up to width of 1350mm.

Bhushan Steel has transformed to 3rd largest producer of Cold Rolled Steel with an installed capacity of one million tons and sales of more than USD 1 Billion.

Focused on niche high value added segment of automobile and white goods, the company today is a leader in these segments.

BSL has a good debt-servicing track record.

The company is first to set up a high Tech Plant in 1996 to cater to auto mobile and white good sector, in technical tie up with Sumitomo Metals, Japan.

Finally, the company is profit making and paying dividend since its inception.

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