Balaji Industrial Corporation Ltd - Stock Valuation and Financial Performance

BSE: 500036 | NSE: BALAJIIND | Steel & Iron Products | Small Cap

BSE Share Price
Not Listed

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Balaji Industrial Corporation stock performance -

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P/E Ratio (SA):
0.56
Market Cap:
8.7 Cr.
52-wk low:
0
52-wk high:
0

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?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Balaj Inds Corp:

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'06Mar'10Mar'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19TTM
ROCE % -17%3.1%-805.2%56.8%17%37.5%658.4%259.1%-387.2%2,748.1%-
Value Creation
Index
NA-0.8-58.5NANA1.746.017.5-28.7195.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.376.76851.74.85.76.16.56.11818
Sales YoY Gr.-145.1%-11.3%-24%-90.6%17.4%7.6%6.7%-6.3%195.1%-
Adj EPS -11.60.80.4-2.3-0.50.16.61.12.933
YoY Gr.-NA-54.2%-713.2%NANA6480%-83.4%169.7%0.3%-
BVPS (₹) -54.4-58.3-52-49.1-41.4-41.2-30.2-29.1-26.3-23.426.5
Adj Net
Profit
-61.34.42-12.3-2.60.534.75.715.515.616
Cash Flow from Ops. -11-0.521.13.2-67.74.88.5821.314.6-
Debt/CF from Ops. -48.6-639.111.265.5-3.141.318.218.46.58.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.9%30.1%43.4%195.1%
Adj EPS NANA-23.5%0.3%
BVPSNANANANA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'06Mar'10Mar'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19TTM
Return on
Equity %
28.4-1.7-0.85.11.2-0.3-20.2-3.9-10.6-11.9185.5
Op. Profit
Mgn %
-150.17.7-1.2-20.8-366.911.234.269.450.674.3-8.5
Net Profit
Mgn %
-195.85.73-23.8-53.69.3568.588254.186.586.4
Debt to
Equity
-2.2-1-1-0.9-1-1-1.1-1-1-1-
Working Cap
Days
4,0029652371981,1345577219341,5557820
Cash Conv.
Cycle
51871-123-245-2,408-616-326-738-4,146-3,0770

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 - Balaji Industrial Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 3 -
TTM Sales (₹ Cr.) 18 -
BVPS (₹.) 26.5 -
Reserves (₹ Cr.) 87 -
P/BV 0.06 -
PE 0.56 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) 1.55 / 233.33
Market Cap (₹ Cr.) 8.7
Equity (₹ Cr.) 52.8
Face Value (₹) 10
Industry PE 27.7

Management X-Ray of Balaj Inds Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *60.8160.8140.7340.7340.7340.7340.7334.3034.3034.30
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Balaj Inds Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'06Mar'10Mar'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Sales31.2876.6868.0251.734.845.686.116.526.1118.03
Operating Expenses 80.6170.7968.8662.5122.615.0415.661.993.934.63
Manufacturing Costs2.743.844.073.780.830.441.030.290.060.03
Material Costs27.9163.8460.9554.510.1700.04000
Employee Cost 0.300.470.622.180.820.780.770.760.942.47
Other Costs 49.662.643.212.0220.803.8113.820.942.932.12
Operating Profit -49.335.89-0.83-10.78-17.770.64-9.554.522.1813.40
Operating Profit Margin (%) -157.0%7.7%-1.2%-20.8%-366.0%11.2%-156.0%69.4%35.7%74.3%
Other Income 0.020.034.050.060.470.5768.080.9312.212.19
Interest 11.900.320.320.3100.010000
Depreciation 2.181.391.292.182.020.580.490.190.020
Exceptional Items 0001.9254.9000000
Profit Before Tax -63.384.211.62-11.3035.580.6258.045.2614.3715.59
Tax -0.47-0.16-0.39-0.34-0.350.090.33-0.47-0.530
Profit After Tax -62.924.382.01-10.9635.940.5357.715.7414.9015.59
PAT Margin (%) -201.0%5.7%3.0%-21.2%742.1%9.3%944.4%88.0%243.6%86.5%
Adjusted EPS (₹)-11.90.80.4-2.16.80.110.91.12.83.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'06Mar'10Mar'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19

Equity and Liabilities

Shareholders Fund -247.07-277.79-244.35-243.29-202.64-201.26-143.55-153.82-138.92-123.32
Share Capital 92.7882.7882.7868.7868.7868.7868.7852.7852.7852.78
Reserves -339.85-360.57-327.14-312.07-271.42-270.04-212.33-206.60-191.70-176.11
Minority Interest0000000000
Debt534.04285.43236.17208.91206.53200.23155.14146.65138.06125.32
Long Term Debt534.04285.43236.170000000
Short Term Debt000208.91206.53200.23155.14146.65138.06125.32
Trade Payables57.2842.5952.7349.183.873.312.912.9120.9521.87
Others Liabilities 42.249.438.8814.119.8613.178.2223.8618.4619.25
Total Liabilities 386.5059.6653.4228.9117.6215.4522.7319.6138.5543.12

Fixed Assets

Gross Block80.1935.2336.4539.2339.7120.9415.156.740.590.56
Accumulated Depreciation68.7727.1928.4731.7033.6012.3410.534.0300
Net Fixed Assets11.428.057.977.536.118.604.622.710.590.56
CWIP 000.6600.1100000
Investments 0.040.040.030.030.030.030.030.030.030.03
Inventories3.908.987.251.251.081.081.041.0400
Trade Receivables82.1426.939.880.450.390.610.811.281.172.82
Cash Equivalents 0.310.441.531.840.460.400.341.241.441.76
Others Assets288.7015.2226.1117.829.444.7215.8913.3035.3137.95
Total Assets 386.5059.6653.4228.9117.6215.4522.7319.6138.5543.12

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'06Mar'10Mar'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Cash Flow From Operating Activity -10.99-0.4521.083.19-67.694.848.517.9821.3414.60
PBT -63.384.211.62-11.3035.580.6258.045.2614.3715.59
Adjustment 61.111.681.580.53-53.070.01-32.52-0.58-11.27-2.19
Changes in Working Capital 3.15-6.3417.6613.96-50.24.21-17.023.318.241.19
Tax Paid -0.01000000000
Cash Flow From Investing Activity -2.72-0.83-2.16-0.639.071.4136.521.40-12.55-1.54
Capex -0.38-0.54-1.21-1.07-0.47-1.8430.631.8413.272
Net Investments 0000005.68000
Others -2.34-0.29-0.950.459.533.250.21-0.44-25.81-3.54
Cash Flow From Financing Activity 13.791.27-17.83-1.9357.24-6.31-45.09-8.49-8.60-12.74
Net Proceeds from Shares 0001000000
Net Proceeds from Borrowing 13.79000000000
Interest Paid 000-0.310-0.010000
Dividend Paid 0000000000
Others 01.27-17.83-2.6257.24-6.30-45.08-8.49-8.60-12.74
Net Cash Flow 0.0801.090.63-1.38-0.06-0.060.890.190.32
PARTICULARSMar'06Mar'10Mar'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.090.361.281.40.210.340.320.310.210.44
PAT to CFO Conversion(x)N/A-0.110.49N/A-1.889.130.151.391.430.94
Working Capital Days
Receivable Days8782479333313242587340
Inventory Days282941278770635800
Payable Days485233285341000000

Balaji Industrial Corporation Ltd Stock News

Balaji Industrial Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Balaj Inds Corp on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Balaj Inds Corp stood at ₹8.71.
The latest P/E ratio of Balaj Inds Corp as of 01-Jan-1970 05:30 is 0.56.
The latest P/B ratio of Balaj Inds Corp as of 01-Jan-1970 05:30 is 0.06.
The 52-week high of Balaj Inds Corp is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balaj Inds Corp is ₹18.03 ( Cr.) .

About Balaji Industrial Corporation Ltd

Balaji Industrial Corporation was incorporated on Mar. 13 1984, in the name of Arun Ingots. It was promoted by Lalitha Sankar, S.B. Sankar Sankaranarayanan, and G.S. Venkataraman & S.P. Swamy. The Company became public on January 22, 1992. However in the year 1994 the name of the Company was changed to Balaji Industrial Corporation. Balaji Industrial Corporation is based at Nellore, India.

Prabha Engineering Company and Sai Engineering Works are the associates of the company.

The company is engaged in Indian Made Foreign Liquor , contract manufacturing and steel products. It is one of the largest producers of liquor in Andhra Pradesh. It has a distillery in Hyderabad of 24, 00,000 cases per annum capacity. The company has a steel plant to produce ingots and structural steel from mild scrap and a re-rolling plant.

History of the company:-

1984-The company was incorporated on 13March in the name of Arun Ingots Pvt. Ltd.  The Company was promoted by Lalitha Sankar,S.B. Sankar Sankaranarayanan, and G.S.  Venkataraman & S.P. Swamy. The Company was converted into a Public Limited Company on January 22, 1992. 1992:-

The name of the Company has been changed to Balaji SteelCorporationLimited on 30th March.

1993-

  • 6,60,000 No. of equity shares of Rs 10 each allotted to promoters,their friends and relatives.
  • 79,38,000 No. of equity shares were issued through a prospectus in September 1992 of which 27,80,000 shares were allotted on a firm basis to promoters, directors, etc.  Of theremaining 2,57,900 shares reserved for allotment on a preferential basis to employees.  Balance 49,00,100 shares 12,89,700 shares wereallotted to retain oversubscription.
  •  5,16,000 shares to promoters;38,700 to employees; 75,50,000 public and all were taken up.6,60,000 No. of equity shares of Rs 10 each allotted to promoters, their friends and relatives.
  •   79,38,000 No. of equity shares were issued through a prospectus in September 1992 of which 27,80,000 shares were allotted on a firm basis to promoters, directors, etc.  Of the remaining 2,57,900 shares reserved for allotment on a preferential basis to employees.
  • Balance 49,00,100 shares 12,89,700 shares were allotted to retain oversubscription. 
  •  5,16,000 shares to promoters;38,700 to employees; 75,50,000 public and all were taken up.

1994-

  • The company by name Nivee Industries Ltd. was amalgamated with thecompany as per order received from the High Court of A.P. on 23rdSeptember.
  • The Company has a distillery unit namely Paramount Distilleries,Hyderabad with a capacity to manufacture 24 lakh number of cases per annum and a steel unit in Nellore with a capacity to produce 48,000tpa of steel.
  • As per the scheme of amalgamation Nivee were allotted 4 No. of equity shares of the company for every 3 equity shares held by them.
  • The Company was invested to become one of the partners by the state Govt. of Tamil Nadu along with SPIC group in developing an infrastructure their park called Madras Industrial Park Ltd.
  • The Company installed a metal printing unit for printing on aluminium sheets at Pondicherry for ultimate conversion to roll on pilfer proof caps to cater to the requirement of the liquor industry.
  • The name of the Company was changed to Balaji Industrial Corporation  in view of the deverse business interests undertaken by the Company.
  • 120,00,000 No. of equity shares of Rs 10 each allotted per share of amalgamation.
  • 20,00,000 shares allotted to promoters on private placement basis.

1995-

  • The Company acquired the bulk carrier of 35804 DWT namely M.V.Balaji Diplowat.
  • The Company proposed to import a secured land plant and machinery for manufacture of steel wires rods.
  • With a view to expansion and production of value added productshe company acquired the re-rolling mill owned by Krishnaveni EnterprisesPvt. Ltd., Nellore.

The installed capacity of 49,500 tonnes of tursteel and steel sections were to be increased in a phased manner to 34,650 tonnes and 44,500 tonnes during the first year and 3rd year respectively.

The Company has closed down its shipping division by selling its Ship `Balaji Diplomat` in the year 2000. In February, 2000, Balaji Industrial Corporation becomes Sick Industrial Company under SICA.

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