Tata Steel BSL Ltd - Stock Valuation and Financial Performance

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

Tata Steel BSL Share Price

85.55 0.00 0.00%
as on 12-Nov'21 18:01

DeciZen - make an informed investing decision on Tata Steel BSL

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Tata Steel BSL stock performance -

mw4me loader
P/E Ratio (SA):
1.32
Market Cap:
9,354.4 Cr.
52-wk low:
84.5
52-wk high:
89.7

Is an attractive stock to invest in?

1. Is 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 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 a good buy now?

No data found

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
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.
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
Sales YoY Gr.-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.--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-6.6%13.1%NA14%
Share Price -15.2% 19.7% 14.4% -

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
25630841539325715015112815212546
Cash Conv.
Cycle
891351961921166176464379

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 %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Tata Steel BSL Ltd.

Standalone Consolidated
TTM EPS (₹) 64.6 65.3
TTM Sales (₹ Cr.) 27,375 27,375
BVPS (₹.) 222.9 231.6
Reserves (₹ Cr.) 24,158 25,101
P/BV 0.38 0.37
PE 1.32 1.31
From the Market
52 Week Low / High (₹) 84.50 / 89.70
All Time Low / High (₹) 2.34 / 536.93
Market Cap (₹ Cr.) 9,354
Equity (₹ Cr.) 218.7
Face Value (₹) 2
Industry PE 26

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

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Analyst's Notes

Key Ratios of Tata Steel BSL

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Sales9,941.4110,744.279,675.8310,645.7711,802.6313,705.9417,012.5620,891.6018,199.1421,418.63
Operating Expenses 6,937.337,429.306,982.358,471.809,741.7210,783.9314,807.7017,093.0415,896.3015,968.03
Manufacturing Costs941.621,137.091,248.561,633.351,985.942,046.912,1802,967.613,116.683,098.22
Material Costs5,448.655,830.275,189.675,980.326,203.266,553.589,826.1411,331.7310,341.1210,718.32
Employee Cost 143.98173.45188.53257.53435.57490.62357.58362.51401.30465.26
Other Costs 403.08288.50355.59600.601,116.961,692.812,443.982,431.202,037.201,686.23
Operating Profit 3,004.083,314.972,693.482,173.972,060.912,922.022,204.863,798.562,302.845,450.60
Operating Profit Margin (%) 30.2%30.9%27.8%20.4%17.5%21.3%13.0%18.2%12.7%25.4%
Other Income 27.3417.3429.1113.5175.7571.9695.08132.44106.51117.42
Interest 1,046.271,287.441,663.302,494.034,601.285,426.766,304.903,752.181,695.921,622.26
Depreciation 619.93830.86963.96938.401,729.521,685.611,785.671,441.741,431.631,479.77
Exceptional Items 000-100-6.69-23,344.682,976.0169.020
Profit Before Tax 1,365.231,21495.33-1,254.95-4,194.15-4,125.09-29,135.311,713.09-649.172,465.99
Tax 341.75305.1133.37-1.12-864.27-623.97-4,321.83000
Profit After Tax 1,023.47908.8961.96-1,253.83-3,329.88-3,501.12-24,813.471,713.09-649.172,465.99
PAT Margin (%) 10.3%8.5%0.6%-11.8%-28.2%-25.5%-145.0%8.2%-3.6%11.5%
Adjusted EPS (₹)47.141.02.4-55.4-147.0-154.0-1,095.415.7-5.922.6
Dividend Payout Ratio (%)1%1%21%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21

Equity and Liabilities

Shareholders Fund 7,396.369,048.109,153.137,880.572,258.08-1,243.66-26,060.0618,312.9117,656.2720,125.66
Share Capital 128.41145.48149.02175.5145.3045.3045.30218.69218.69218.69
Reserves 7,267.958,902.629,004.107,705.052,212.77-1,288.96-26,105.3618,094.2217,437.5819,906.97
Minority Interest0000000000
Debt19,816.5626,897.0831,839.1838,529.2747,234.3646,262.2314,519.3916,972.3117,421.3711,452.35
Long Term Debt15,528.7821,664.2125,566.1030,927.7232,298.8430,579.55706.5316,972.3116,534.3711,202.35
Short Term Debt4,287.785,232.866,273.077,601.5414,935.5215,682.6813,812.860887250
Trade Payables993.131,617.022,350.872,739.151,176.281,109.961,305.133,088.972,869.714,252.94
Others Liabilities 5,244.825,699.417,717.573,758.549,355.9914,334.8650,077.141,211.67886.041,216.55
Total Liabilities 33,450.8743,261.6151,060.7552,907.5260,024.7260,463.4039,841.6039,585.8638,833.3937,047.50

Fixed Assets

Gross Block18,203.3421,437.0726,11541,682.0853,165.3155,179.3154,277.6654,563.7756,216.2456,565.36
Accumulated Depreciation2,469.453,294.364,242.745,118.511,729.503,415.0823,91625,356.9926,73828,232.61
Net Fixed Assets15,733.9018,142.7121,872.2636,563.5751,435.8051,764.2330,361.6729,206.7829,478.2328,332.75
CWIP 6,808.499,161.4116,318.262,511.842,728.681,170.611,179.651,154.14681.71442.31
Investments 329.45427.21623.24615.47371.15369.911.231,596.0610.82704.41
Inventories3,311.435,559.686,480.257,321.232,099.243,148.924,025.204,581.884,834.934,367.53
Trade Receivables1,220.382,343.092,464.452,398.291,181.971,525.551,219.58697.01702.39422.66
Cash Equivalents 334.98153.6382.9686.84163.33154.73917.73404.31849.57725.08
Others Assets5,712.247,473.893,219.323,410.282,044.542,329.452,136.541,945.672,275.742,052.75
Total Assets 33,450.8743,261.6151,060.7552,907.5260,024.7260,463.4039,841.6039,585.8638,833.3937,047.50

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Cash Flow From Operating Activity 2,851.89-212.692,311.362,173.23922.89752.071,788.905,800.121,718.168,141.88
PBT 1,365.231,21495.33-1,254.95-4,194.15-4,125.09-29,135.311,713.09-649.172,465.99
Adjustment 1,914.872,129.992,740.743,445.556,316.387,142.3031,507.872,186.912,820.073,100.73
Changes in Working Capital -164.48-3331.21-446.97-16.13-1193.91-2262.88-580.211902.94-446.832588.5
Tax Paid -263.73-225.47-77.74-1.24-5.44-2.27-3.45-2.82-5.90-13.33
Cash Flow From Investing Activity -4,810.71-4,499.09-5,031.11-1,402.79-151.17-80.01-644.65-1,617.18727.93-545.48
Capex -4,658.47-4,414.68-4,885.11-1,386.88-90.71-250.82-311.75-354.11-613.65-142.03
Net Investments -151.67-96.98-195.66-2.230124.12-343.91-1,510.121,661.94-555.18
Others -0.5712.5749.66-13.69-60.4646.6811.02247.05-320.35151.73
Cash Flow From Financing Activity 2,259.074,530.432,649.09-766.56-816.70-579.14-674.85-4,499.73-1,999.93-7,600.49
Net Proceeds from Shares 1,058.01337.15538.14200.14060158.8900
Net Proceeds from Borrowing 3,159.264,6803,826.052,422.63091.990000
Interest Paid -2,630.29-2,691.65-3,142.99-4,334.10-4,093.71-1,487.87-1,122.41-12,363.93-1,387.17-1,328.32
Dividend Paid -29.80-19.54-12.85-19.16000000
Others 701.892,224.461,440.73963.943,277.01810.74447.577,705.32-612.76-6,272.17
Net Cash Flow 300.25-181.35-70.673.88-44.9892.92469.40-316.79446.17-4.09
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Ratios
ROE (%)15.5811.180.69-14.93-66.54N/AN/A0-3.6113.05
ROCE (%)9.357.54.292.710.83N/AN/A18.552.9712.21
Asset Turnover Ratio0.370.310.220.230.230.250.350.530.460.56
PAT to CFO Conversion(x)2.79-0.2337.3N/AN/AN/AN/A3.39N/A3.3
Working Capital Days
Receivable Days29558376503329171410
Inventory Days1101372072151316475759478
Payable Days6682140155115644571105121

Tata Steel BSL Ltd Stock News

Tata Steel BSL Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tata Steel BSL on 12-Nov-2021 18:01 is ₹85.55.
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 12-Nov-2021 18:01 the market cap of Tata Steel BSL stood at ₹9,354.4.
The latest P/E ratio of Tata Steel BSL as of 12-Nov-2021 18:01 is 1.32.
The latest P/B ratio of Tata Steel BSL as of 12-Nov-2021 18:01 is 0.38.
The 52-week high of Tata Steel BSL is ₹89.70 and the 52-week low is ₹84.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Steel BSL is ₹27,375 ( Cr.) .

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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