Bhuwalka Steel Industries Ltd - Stock Valuation and Financial Performance

BSE: 513333 | NSE: BUWALKASTL | Steel & Iron Products | Small Cap

BSE Share Price
Not Listed

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Bhuwalka Steel Industries stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
4.6 Cr.
52-wk low:
4.5
52-wk high:
4.5

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1. Is a good quality company?

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10 Year X-Ray of Bhuwalka Steel:

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'08Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'22Mar'23TTM
ROCE % 10.6%2.5%8.1%11.3%9.6%11.4%-4.8%-2.5%-4.1%-314.9%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 51849245852863956833639301.7213
Sales YoY Gr.--5.1%-6.8%15.2%21%-11%-40.8%16.7%-100%NA-
Adj EPS 3.5-8.11.83.2-2.1-1.9-37.2-5.6-4.512,267.3-12.4
YoY Gr.--331%NA81.7%-167.3%NANANANANA-
BVPS (₹) 26.718.920.924.122157.77.1-243.2-81,812.7-5.5
Adj Net
Profit
3.6-8.41.83.3-2.2-2-38.6-5.9-4.712.3-13
Cash Flow from Ops. 30.723.72.32035.7-42.968.8-66.20-31.4-
Debt/CF from Ops. 3.34.853.473.7-3.35.7-3.6-55290.5-2.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -47%-69.4%-82.8%NA
Adj EPS 147.7%NANANA
BVPS-344%-617.9%-2299.4%NA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'22Mar'23TTM
Return on
Equity %
12.6-31.17.612.4-8.2-11.5-114.6-66.13.9-7.40
Op. Profit
Mgn %
4.41.34.15.34.24.7-6.1-3.5045.3-14
Net Profit
Mgn %
0.7-1.70.40.6-0.4-0.4-11.5-1.50716.1-6
Debt to
Equity
3.55.45.45.35.48.838.127.6-0.9-1.1-
Working Cap
Days
64731019987754241820171184
Cash Conv.
Cycle
4335284040463381420-7,1012

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 - Bhuwalka Steel Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -12.4 -9.1
TTM Sales (₹ Cr.) 213 418
BVPS (₹.) -5.5 -8.9
Reserves (₹ Cr.) -16 -20
P/BV -0.81 -0.50
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 4.46 / 4.46
All Time Low / High (₹) 1.98 / 70.50
Market Cap (₹ Cr.) 4.6
Equity (₹ Cr.) 10.4
Face Value (₹) 10
Industry PE 27.7

Management X-Ray of Bhuwalka Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *84.5784.5784.5784.5784.5784.5784.5784.5784.5784.57
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bhuwalka Steel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'22Mar'23
Sales518.11491.68458.31527.81638.70852.73168.18392.5201.71
Operating Expenses 495.42485.19439.46499.72612.01812.95178.45406.370.320.94
Manufacturing Costs31.0430.8029.7727.0921.3422.352.808.5500
Material Costs455.10442.93400.06455.81573.16767.63169.98388.1800
Employee Cost 4.185.035.089.7712.2715.223.665.1900
Other Costs 5.106.444.557.045.247.7524.450.320.94
Operating Profit 22.706.4918.8528.1026.6939.79-10.27-13.85-0.320.78
Operating Profit Margin (%) 4.4%1.3%4.1%5.3%4.2%4.7%-6.1%-3.5%-45.3%
Other Income 0.182.821.210.901.271.320.210.340.060.21
Interest 13.5516.7813.9020.7425.4436.7112.150.3700
Depreciation 3.604.463.073.075.988.173.045.224.430.55
Exceptional Items 000005.01013.12039.44
Profit Before Tax 5.72-11.933.095.19-3.461.23-25.25-5.99-4.6939.88
Tax 2.13-3.871.011.90-1.260.74-5.96-9.3200
Profit After Tax 3.59-8.062.093.29-2.210.50-19.293.33-4.6939.88
PAT Margin (%) 0.7%-1.6%0.5%0.6%-0.3%0.1%-11.5%0.8%-2,327.8%
Adjusted EPS (₹)3.5-7.82.03.2-2.10.5-18.63.2-4.539,876.9
Dividend Payout Ratio (%)29%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 28.8820.8222.9126.1923.9824.485.198.52-251.05-81.81
Share Capital 6.396.396.396.3911.5811.5811.5811.5811.580.01
Reserves 22.4914.4316.5219.8012.4112.91-6.39-3.06-262.63-81.82
Minority Interest0000000000
Debt101.31113.12124.34130.87123.99211.60192.40235.29232.2290.85
Long Term Debt101.31113.12124.3442.7130.3873.9471.7577.3777.0290.85
Short Term Debt00088.1693.60137.65120.64157.92155.200
Trade Payables13.8261.2485.5264.8297.3335.5661.9228.6821.570.10
Others Liabilities 36.1715.2519.3136.0620.6620.5124.903.3822.720.35
Total Liabilities 180.17210.43252.08257.94265.97292.15284.41275.8825.459.48

Fixed Assets

Gross Block71.1474.4075.72113.92120.41118.53118.34118.51110.7895.28
Accumulated Depreciation27.4531.5634.6137.5643.4950.8853.9259.1487.1487.70
Net Fixed Assets43.6842.8441.1176.3676.9367.6564.4159.3723.647.59
CWIP 16.3333.8939.524.99000.220.2200
Investments 13.8213.8213.8213.8213.8213.8213.8210.020.030
Inventories70.7859.4077.73101.65100.71129.5799.0369.4800
Trade Receivables18.2538.9064.8618.6550.8555.4878.23115.1200.31
Cash Equivalents 4.225.720.918.749.165.048.822.360.641.43
Others Assets13.0815.8514.1233.7214.5020.5919.8819.301.140.15
Total Assets 180.17210.43252.08257.94265.97292.15284.41275.8825.459.48

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'22Mar'23
Cash Flow From Operating Activity 30.7023.742.3319.9935.72-64.2834.40-66.240-31.41
PBT 5.72-11.933.095.19-3.461.23-25.25-19.11-4.6939.88
Adjustment 16.5717.9115.5221.4629.2736.8414.565.284.43-38.95
Changes in Working Capital 10.3217.94-16.08-6.5210.02-102.1445.32-52.410.25-32.34
Tax Paid -1.91-0.18-0.20-0.13-0.10-0.21-0.21000
Cash Flow From Investing Activity -26.60-21.18-6.69-3.81-1.536.13-0.0316.95015.05
Capex -16.58-21.18-6.69-3.81-1.536.13-0.03-0.17016.06
Net Investments -10.020000003.800-1.07
Others 000000013.3200.06
Cash Flow From Financing Activity -4.02-1.074.11-12.92-33.7754.03-30.6042.84016.06
Net Proceeds from Shares 00000000011.57
Net Proceeds from Borrowing 6.55000000000
Interest Paid -12.44-13.93-13.24-18.41-23.31-33.69-11.52-0.0600
Dividend Paid 0000000000
Others 1.8612.8617.355.49-10.4687.72-19.0842.8904.50
Net Cash Flow 0.081.49-0.243.270.42-4.123.78-6.450-0.30
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Sep'13Mar'14Mar'15Mar'22Mar'23
Ratios
ROE (%)13.55-34.0710.114.08-9.242.16-141.4958.9N/AN/A
ROCE (%)15.623.6211.9216.3913.5819.07-5.87-2.49N/AN/A
Asset Turnover Ratio3.472.772.112.252.583.230.61.4300.1
PAT to CFO Conversion(x)8.55N/A1.116.08N/A-128.56N/A-19.89N/A-0.79
Working Capital Days
Receivable Days20193927192214188067
Inventory Days3544515755472417700
Payable Days143167503623472300

Bhuwalka Steel Industries Ltd Stock News

Bhuwalka Steel Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhuwalka Steel 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 Bhuwalka Steel stood at ₹4.63.
The latest P/E ratio of Bhuwalka Steel as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Bhuwalka Steel as of 01-Jan-1970 05:30 is -0.81.
The 52-week high of Bhuwalka Steel is ₹4.46 and the 52-week low is ₹4.46.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhuwalka Steel is ₹212.9 ( Cr.) .

About Bhuwalka Steel Industries Ltd

Bhuwalka Steel Industries (BSIL) was established in 1981, and is now one of the largest manufacturers of steel rolled products in south India with plants at Bangalore, Kanchipuram and Mumbai. The foundation of the company was laid by Suresh Kumar Bhuwalka, the chief promoter of the group. The group is today one of the fastest growing group in secondary steel sector in the country. Operating at the leading edge of technology, BSIL is a licensee of Hennigdorfer Stahl Engineering Gmbh, Germany for the manufacture of Thermex Thermo Mechanically treated (TMT) Reinforcement Bars. The first company in South India to obtain this advanced technology, Bhuwalka TMT Re-Bars help bring world class steel to the construction and infrastructure development industries in the region.

It is one of the largest manufacturers of steel rolled products in south India with plants at Bangalore Kanchipuram and Mumbai. Listed on Mumbai and Bangalore Stock exchanges, BSIL has a turnover of over Rs 550 crore and is among the fastest growing steel companies in India. The core competence in steel remains the guiding spirit at Bhuwalka helping it to meet the needs of infrastructure and civil / housing construction sector manufacturing Reinforcement Bars And Structurals.

The clients of the company include Indian Railways, state electricity boards, L&T, infrastructure projects and infrastructure institutions.

The group’s product range includes TMT Bars, Angels, Channels, Beams, Flats, Square, Rounds, etc, The turnover of the group today stands at over Rs 5500 million. The corporate and registered office of the group is in Bangalore, the garden city of India.

The core competence in steel remains the guiding spirit at Bhuwalka helping it to meet the needs of infrastructure and civil/housing construction sector manufacturing reinforcement bars and structurals. The products are manufactured as per the Indian Standard which is equivalent to most of the International Standrads.

Products of the company includes : TMT Bars, MS Angle, MS Square, MS Beam, MS Channel, MS Flat, MS Round, Gate Channel, T Angle.

Group companies:

Bhuwalka Steel Industries Ltd. -  It is India’s one of the largest manufacturer of Mild steel Rolled Products. The company was incorporated in 1981 and commenced its commercial production in 1983. The products include TMT Bars under Thermex, Technology, Angles, Channels, Beams, Squares, Rounds, Flats, etc, manufactured in the following units located in different parts of India, with a capacity to roll 2,00,000 Metric Tonnes per Annum.

Nava Karntaka Steels Pvt.ltd- This is an integrated steel plant with a capacity to manufactures 30000 Mts M.S Billets and 27000 Mts Rolled Products Per Annum.

Bhuwalka Trade Links Pvt Ltd- This company is the trading arm of the group which trades in Steel Rolled Prodcuts and other allied products

Bhuwalka Steel Industries (UAE) FZE (a wholly owned subsidiary) - This company has been incorporated in Humriyah Free Zone, Sharjah, UAE.

Recent development

Bhuwalka Steel Industries has entered into Joint Development Agreement (JDA) with Soul Space Realty Ltd (a B.L. Kashyap Group Company) in May 2008 for joint development of its Bangalore property where presently a TMT mill was situated. As per the JDA, the existing unit will be relocated to Bellary.

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