Chase Bright Steel Ltd - Stock Valuation and Financial Performance

Name: Chase Bright Steel
Brand: Chase Bright Steel

BSE: 504671 | NSE: | Steel & Iron Products | Small Cap

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Chase Bright Steel stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

0 Cr.

52-wk low:

25.5

52-wk high:

25.5

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10 Year X-Ray of Chase Bright Steel:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	3.2%	5.1%	1.9%	-4.4%	7.1%	-29.2%	-78.2%	322.2%	13.7%	11.4%	-
Value Creation Index ⓘ	-0.8	-0.6	-0.9	NA	NA	-3.1	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	28.5	38.9	40.1	27	20.2	14	13.2	1.4	0.8	1.6	2
Sales YoY Gr.	-	36.7%	3%	-32.6%	-25.4%	-30.7%	-5.2%	-89.8%	-43%	102.6%	-
Adj EPS ⓘ	-2.7	-1.9	-5.2	-6.9	-0.5	-13.6	-14.1	-56.8	-7.7	-7.2	-16.2
YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	7.7	6.7	3.5	-4	-4.4	4.9	-8.5	-61.7	-69.5	-86.8	8.1
Adj Net Profit ⓘ	-0.4	-0.3	-0.9	-1.2	-0.1	-2.3	-2.4	-9.5	-1.3	-1.2	-3
Cash Flow from Ops. ⓘ	1.3	1.6	0.7	0.8	1.8	-0.4	0.5	-1.2	0.1	0.2	-
Debt/CF from Ops. ⓘ	6.3	4.9	11.7	11	4.8	-8.1	5.6	-2.6	56.8	16	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-27.6%	-40.1%	-51%	102.6%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	-230.8%	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-29	-26.2	-101.5	3351.4	12	-5727.9	788.4	161.7	11.7	9.3	41.2
Op. Profit Mgn % ⓘ	1.7	2.1	1.5	-0.6	5	-19.2	-19.9	-586.6	-129.1	-62.8	-116
Net Profit Mgn % ⓘ	-1.6	-0.8	-2.2	-4.3	-0.4	-16.3	-17.8	-707.1	-165.6	-77.6	-174.7
Debt to Equity ⓘ	6	6.9	14.6	-13.2	-11.5	3.7	-2	-0.3	-0.3	-0.2	-
Working Cap Days ⓘ	232	195	220	315	443	623	522	3,293	3,603	990	1,446
Cash Conv. Cycle ⓘ	64	41	39	53	13	-20	17	1,658	-10,152	-14,977	-14,565

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 - Chase Bright Steel Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-16.2	-
TTM Sales (₹ Cr.)	1.6	-
BVPS (₹.) ⓘ	8.1	-
Reserves (₹ Cr.) ⓘ	-	-
P/BV ⓘ	0.00	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	25.50 / 25.50
All Time Low / High (₹)	6.00 / 60.00
Market Cap (₹ Cr.)	0
Equity (₹ Cr.)	1.7
Face Value (₹)	10
Industry PE ⓘ	27.7

Management X-Ray of Chase Bright Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Chase Bright Steel

Analyst's Notes

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Key Ratios of Chase Bright Steel

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	28.48	38.93	40.08	27.02	20.15	13.95	13.23	1.35	0.77	1.56
Operating Expenses ⓘ	28.01	38.11	39.51	27.18	19.14	16.63	15.85	9.23	1.78	2.54
Manufacturing Costs	2.46	2.67	2.36	2.30	2.37	2.29	2.09	0.11	0	0.01
Material Costs	22.96	32.52	33.86	21.83	13.08	7.62	9.35	6.85	0.96	1.67
Employee Cost	1.40	1.58	1.68	1.89	2.20	2.69	2.52	0.83	0.21	0.11
Other Costs ⓘ	1.20	1.35	1.61	1.17	1.50	4.04	1.89	1.45	0.60	0.75
Operating Profit ⓘ	0.47	0.82	0.58	-0.16	1.01	-2.68	-2.63	-7.89	-1	-0.98
Operating Profit Margin (%)	1.7%	2.1%	1.4%	-0.6%	5.0%	-19.2%	-19.9%	-586.0%	-129.0%	-62.8%
Other Income ⓘ	0.23	0.41	0.61	0.12	0.05	5.40	0.12	0.98	0.07	0.56
Interest ⓘ	1.07	1.11	1.50	1.11	0.93	0.82	0.41	0.28	0.31	0.12
Depreciation ⓘ	0.24	0.38	0.33	0.26	0.22	0.21	0.18	0.11	0.05	0.03
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	-2.15
Profit Before Tax ⓘ	-0.60	-0.27	-0.63	-1.41	-0.09	1.70	-3.09	-7.30	-1.28	-2.72
Tax ⓘ	-0.17	-0.10	-0.09	-0.30	-0.03	0.24	-0.73	1.56	0	0
Profit After Tax	-0.43	-0.17	-0.54	-1.11	-0.06	1.46	-2.35	-8.86	-1.28	-2.72
PAT Margin (%)	-1.5%	-0.4%	-1.3%	-4.1%	-0.3%	10.4%	-17.8%	-658.0%	-165.0%	-174.0%
Adjusted EPS (₹)	-2.6	-1.0	-3.2	-6.6	-0.3	8.7	-14.1	-52.9	-7.7	-16.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	1.31	1.13	0.59	-0.66	-0.74	0.82	-1.42	-10.34	-11.63	-14.54
Share Capital ⓘ	1.70	1.69	1.69	1.68	1.68	1.68	1.68	1.68	1.68	1.68
Reserves ⓘ	-0.38	-0.56	-1.09	-2.34	-2.42	-0.85	-3.10	-12.02	-13.31	-16.21
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	7.02	6.98	8.03	8.02	7.90	2.98	2.83	3.06	3.18	3.09
Long Term Debt	4.84	5.56	7.07	7.88	7.44	2.72	2.67	2.70	2.40	1.40
Short Term Debt	2.18	1.43	0.96	0.14	0.46	0.26	0.16	0.36	0.78	1.70
Trade Payables	7.88	16.74	14.50	15.67	17.16	16.14	13.05	11.76	11.64	10.56
Others Liabilities ⓘ	4.65	4.71	5.01	3.75	2.96	3.30	1.91	4.57	3.60	2.89
Total Liabilities ⓘ	20.86	29.56	28.13	26.78	27.27	23.24	16.36	9.05	6.80	2.01
Fixed Assets
Gross Block	3.53	3.68	3.90	3.74	3.80	2.47	2.54	1.27	1.27	1.27
Accumulated Depreciation	1.94	2.26	2.48	2.47	2.57	1.85	2.03	1.07	1.12	1.15
Net Fixed Assetsⓘ	1.59	1.42	1.42	1.27	1.23	0.61	0.50	0.20	0.16	0.13
CWIP ⓘ	0	0.05	0.05	0.06	0.06	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	8.97	11	11.30	11.49	12.15	11.49	9.44	2.59	1.63	0
Trade Receivables	5.22	12.17	11.35	8.46	5.70	4.40	1.73	1.60	0.76	0.89
Cash Equivalents	0.48	0.56	0.39	0.15	0.67	0.35	0.27	0.17	0.03	0.02
Others Assetsⓘ	4.59	4.37	3.62	5.36	7.47	6.39	4.42	4.49	4.22	0.97
Total Assets ⓘ	20.86	29.56	28.13	26.78	27.27	23.24	16.36	9.05	6.80	2.01

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	1.26	1.59	0.74	0.79	1.78	-0.37	0.51	-1.18	0.06	0.20
PBT ⓘ	-0.60	-0.27	-0.63	-1.47	-0.11	1.70	-3.09	-7.30	-1.28	-2.72
Adjustment ⓘ	1.26	1.43	1.83	1.34	1.18	-4.04	0.57	-0.55	0.55	0.45
Changes in Working Capital ⓘ	0.71	0.47	-0.38	1.01	0.66	2.04	3.36	6.65	0.79	2.47
Tax Paid ⓘ	-0.13	-0.04	-0.06	-0.08	0.02	-0.09	-0.34	0.01	0	-0.01
Cash Flow From Investing Activity ⓘ	-0.18	-0.20	-0.32	-0.02	-0.17	5.79	-0.03	1.13	0	0
Capex	-0.20	-0.26	-0.33	-0.04	-0.18	5.78	-0.07	1.12	0	0
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.02	0.06	0	0.02	0.01	0	0.04	0.01	0	0
Cash Flow From Financing Activityⓘ	-0.81	-1.32	-0.58	-1.02	-1.09	-5.73	-0.55	-0.05	-0.20	-0.21
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	-0.44	-4.72	-0.05	0.03	-0.31	-1.01
Interest Paid ⓘ	-1.06	-1.11	-1.49	-1.10	-0.92	-0.81	-0.40	-0.28	-0.31	-0.12
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.26	-0.21	0.91	0.08	0.28	-0.20	-0.10	0.20	0.42	0.92
Net Cash Flow ⓘ	0.28	0.08	-0.17	-0.25	0.52	-0.32	-0.07	-0.10	-0.14	-0.01

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-28.53	-14.45	-63.13	N/A	N/A	3676.78	N/A	N/A	N/A	N/A
ROCE (%)	5.01	9.34	9.59	N/A	N/A	43.17	N/A	N/A	N/A	N/A
Asset Turnover Ratio	1.43	1.72	1.55	1.09	0.77	0.55	0.67	0.11	0.1	0.35
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	-0.25	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	69	73	96	121	124	132	85	452	557	193
Inventory Days	106	84	91	139	207	309	289	1,632	995	0
Payable Days	131	138	168	252	458	798	570	661	4,451	2,419

Chase Bright Steel Ltd Stock News

Chase Bright Steel Ltd FAQs

What is the share price of Chase Bright Steel?

Company share prices are keep on changing according to the market conditions. The closing price of Chase Bright Steel on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Chase Bright Steel?

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 Chase Bright Steel stood at ₹0.00.

What is the P/E ratio of Chase Bright Steel?

The latest P/E ratio of Chase Bright Steel as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Chase Bright Steel?

The latest P/B ratio of Chase Bright Steel as of 01-Jan-1970 05:30 is 0.00.

What is the 52-week high and low of Chase Bright Steel?

The 52-week high of Chase Bright Steel is ₹25.50 and the 52-week low is ₹25.50.

What is the TTM revenue of Chase Bright Steel?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Chase Bright Steel is ₹1.56 ( Cr.) .

About Chase Bright Steel Ltd

Chase Bright Steel Ltd. is an ISO 9001:2000 certified manufacturer and supplier of finished steel bright bars in the domestic as well as international market. Having established since almost four decades, the company has the most elaborate and sophisticated manufacturing infrastructure to produce cold drawn, centreless turned and centreless ground bars.

The company's plant is equipped with a range of machines and advanced processing facilities that give tremendous flexibility to meet the needs of demanding customers.

They commits to satisfy by manufacturing and supplying consistent quality of bright bars, drawn and ground products to domestic and international markets as per customer requirements.

The company is the foremost producer of bright bars in India which compare with the finest in the world. We process almost all popular grades in various national â€“ International specification.

Product range of the company includes:

Bright Steel Bars in a variety of shapes and sizes, manufactured according to various specifications of steel, and conforming to BSS, EN series, SAE, ISI, DIN, AISI.
Round Bars
Hexagonal Bars

All the above products are available in following Grades:

Mild Steel, Carbon Steel, Free Cutting Steel, Alloy Steel and Stainless Steel

Achievements/ recognition:

An ISO 9001:2000 certified company