Bellary Steels & Alloys Ltd - Stock Valuation and Financial Performance

BSE: 500045 | NSE: BELLARYSTL | Steel/Sponge Iron/Pig Iron | Small Cap

BSE Share Price
Not Listed

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Bellary Steels & Alloys stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
139.7 Cr.
52-wk low:
1.9
52-wk high:
2.1

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 Bellary Steel &Alloy:

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

Sep'00Mar'02Mar'03Nov'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09TTM
ROCE % 0.3%-21.3%1.6%-2.8%-0.6%-1.8%-1.7%-2.3%-2.1%-2.7%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 25999.618.915.815.72331.131.243.635.18
Sales YoY Gr.--61.6%-81.1%-16.6%-0.4%46.8%35.2%0.2%39.9%-19.4%-
Adj EPS -0.4-2.9-0.3-1.3-0.9-1-1.1-1.5-1.6-2-2.4
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 2.3-1.5-2.5-3.6-8-3.7-4.8-6.3-7.8-9.8-13.3
Adj Net
Profit
-17.2-155-13.7-94.5-68.2-73.6-81.1-107-116-144-178
Cash Flow from Ops. -48.6-8.8-76.9-45.2-57.2-59.9-77.2-91.8-106-124-
Debt/CF from Ops. -18-74-15.9-44.9-74.9-27-23.8-22.7-22-21.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -19.9%17.5%4.1%-19.4%
Adj EPS NANANANA
BVPS-217.4%NANANA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'00Mar'02Mar'03Nov'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09TTM
Return on
Equity %
-8.2-171.1-23-293.8106.4107.256.245.133.13021.1
Op. Profit
Mgn %
7.1-145.4-248.8-190.9-3.80.9-12.2-11.44.1-27.9-61.5
Net Profit
Mgn %
-6.6-155.9-72.7-600-435.1-320-260.8-344.2-265.2-408.9-2155.3
Debt to
Equity
4.615.825.3-92-38.1-14.6-9.6-7-5.6-4.8-
Working Cap
Days
3193426771,2742,3374752622291912540
Cash Conv.
Cycle
162161-612-880-1,516-343-190-201-191-1770

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 - Bellary Steels & Alloys Ltd.

Standalone Consolidated
TTM EPS (₹) -2.4 -
TTM Sales (₹ Cr.) 8.3 -
BVPS (₹.) -13.3 -
Reserves (₹ Cr.) -1,047 -
P/BV -0.14 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 1.91 / 2.08
All Time Low / High (₹) 0.07 / 15.10
Market Cap (₹ Cr.) 140
Equity (₹ Cr.) 73.1
Face Value (₹) 1
Industry PE 19.7

Management X-Ray of Bellary Steel &Alloy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.0044.8644.8644.86
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bellary Steel &Alloy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'00Mar'02Mar'03Nov'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09
Sales259.09149.4418.8810.505.2323.0131.1131.1643.5935.12
Operating Expenses 240.71366.7065.8630.545.4222.7934.9134.7141.8244.92
Manufacturing Costs4.414.343.202.491.264.545.233.913.964.35
Material Costs231.17244.705.202.871.969.7223.6723.6729.3728.29
Employee Cost 2.653.952.521.720.923.063.102.943.063.29
Other Costs 2.48113.7154.9423.461.285.482.914.195.438.99
Operating Profit 18.38-217.26-46.98-20.04-0.200.22-3.79-3.551.77-9.79
Operating Profit Margin (%) 7.1%-145.0%-248.0%-190.0%-3.8%0.9%-12.2%-11.4%4.1%-27.9%
Other Income 0.814.880.350.100.020.058.070.100.080.26
Interest 29.3810.1345.6738.4019.9266.9378.2196.65110.28126.86
Depreciation 6.8610.376.934.662.336.957.127.107.107.13
Exceptional Items 0000000000
Profit Before Tax -17.05-232.88-99.23-63-22.42-73.62-81.06-107.20-115.53-143.52
Tax 0.150.08-85.5100.3100.080.040.050.09
Profit After Tax -17.20-232.96-13.72-63-22.74-73.62-81.13-107.24-115.57-143.61
PAT Margin (%) -6.6%-155.0%-72.7%-600.0%-435.0%-320.0%-260.0%-344.0%-265.0%-408.0%
Adjusted EPS (₹)-0.4-4.4-0.3-0.9-0.3-1.0-1.1-1.5-1.6-2.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'00Mar'02Mar'03Nov'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09

Equity and Liabilities

Shareholders Fund 191.0762.0448.32-14.67-37.41-111.03-192.17-299.40-414.97-558.59
Share Capital 127.64231.57231.57231.57231.57231.57231.57231.57231.57231.57
Reserves 63.43-169.53-183.25-246.24-268.98-342.60-423.74-530.98-646.55-790.16
Minority Interest0000000000
Debt871.96979.131,221.201,351.811,426.971,618.141,837.382,079.462,332.802,704.75
Long Term Debt871.96979.131,221.201,351.811,426.971,618.141,837.382,079.462,332.802,704.75
Short Term Debt0000000000
Trade Payables67.4248.9847.8548.7446.8543.0942.8242.7354.0848.24
Others Liabilities 43.6349.55-36.08-7.41-7.97-1.46-9.34-0.73-2.1111.68
Total Liabilities 1,174.081,139.701,281.291,378.471,428.441,548.731,678.701,822.071,969.792,206.09

Fixed Assets

Gross Block231.39231.46231.94232.02233.66234.02240.68238.63239.08241.42
Accumulated Depreciation129.80140.65147.90152.76155.20162.48169.67176.38183.53190.57
Net Fixed Assets101.5990.8184.0479.2678.4671.547162.2555.5550.85
CWIP 817.071,011.301,158.841,259.461,314.711,447.261,584.341,736.791,882.802,128.85
Investments 0.570.430.380.360.330.060.060.060.060.06
Inventories97.375.294.844.474.977.766.264.0512.3111.02
Trade Receivables96.500.740.641.151.111.981.583.824.482.37
Cash Equivalents 4.150.910.920.930.400.680.590.461.181
Others Assets56.8330.2231.6332.8428.4719.4514.8714.6313.4111.94
Total Assets 1,174.081,139.701,281.291,378.471,428.441,548.731,678.701,822.071,969.792,206.09

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'00Mar'02Mar'03Nov'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09
Cash Flow From Operating Activity -48.55-13.24-76.92-30.12-19.06-59.88-77.23-91.81-106.17-123.86
PBT -17.05-179.30-45.88-63-22.42-73.62-81.06-107.20-115.53-140.69
Adjustment 6.8610.3792.444.662.336.957.146.707.156.92
Changes in Working Capital -38.21209.35-70.1528.221.356.79-3.238.732.2512.84
Tax Paid -0.15-0.0800-0.310-0.08-0.04-0.05-0.09
Cash Flow From Investing Activity -133.12-190.84-147.66-100.47-56.73-132.72-143.77-150.41-146.45-248.28
Capex -0.88-0.10-0.47-0.08-1.64-0.38-6.692.05-0.45-2.34
Net Investments 00.140.050.020.0300000
Others -132.24-190.88-147.24-100.41-55.12-132.34-137.08-152.46-146-245.93
Cash Flow From Financing Activity 172.54200.84224.59130.6075.26192.88220.91242.08253.34371.95
Net Proceeds from Shares 1093.670.1200.091.721.66000
Net Proceeds from Borrowing 158.39112.92224.47130.6075.11191.0773.4070.7838.11107.28
Interest Paid 0000000000
Dividend Paid 0000000000
Others 4.15-5.75000.060.09145.85171.31215.23264.67
Net Cash Flow -9.13-3.240.010.01-0.530.28-0.09-0.130.72-0.18
PARTICULARSSep'00Mar'02Mar'03Nov'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09
Ratios
ROE (%)-16.1200N/AN/AN/AN/AN/AN/AN/A
ROCE (%)1.23-20.98-4.62N/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.240.130.020.0100.020.020.020.030.02
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1361161330722318273031
Inventory Days1311229415730295715259107
Payable Days114672,4544,3996,3661,197462459440492

Bellary Steels & Alloys Ltd Stock News

Bellary Steels & Alloys Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bellary Steel &Alloy 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 Bellary Steel &Alloy stood at ₹139.7.
The latest P/E ratio of Bellary Steel &Alloy as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Bellary Steel &Alloy as of 01-Jan-1970 05:30 is -0.14.
The 52-week high of Bellary Steel &Alloy is ₹2.08 and the 52-week low is ₹1.91.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bellary Steel &Alloy is ₹8.28 ( Cr.) .

About Bellary Steels & Alloys Ltd

Bellary Steels & Alloys was established in 1984 and promoted by S. Madhava for manufacturing of iron & steel installed through an arc furnace to produce ingots & billets and expanded into backward integration set up sponge iron 2*100 tpd kilns plus re-rolling mill is added for value addition products.

Products manufactured by the company include:  Pig Iron - Basic grade & Foundry grade, Billets-of 130 to 160 mm square, length 9 to 12 meters, Sponge Iron ,Rounds, Squares, Deformed Bars, Granulated slag from Blast  furnace, Mild Steel, Low alloy grade, Rebars, Cold Heading Quality, Electrode Quality Steel.

Projects undertaken by the company are:

Integrated Steel Plant (ISP)- Inspired by its successful performance  and  encouraged by the availability of  abundant raw material in the vicinity, BSAL has embarked upon a new venture - a most modern Integrated Steel  Plant with a  capacity of  500000  TPA having a  layout  provision to expand to 2 MTPA.  The plant is now under construction at Bellary.

Thermal Power Plant-On the site of the integrated steel plant a 1x30 MW thermal power plant is also being set up. This plant will meet the total power needs of the ISP and will utilize the blast furnace gas as fuel for its multi-fuel boilers. Coal and furnace oil  will  be  the  other  fuels. Most of the equipment are already at site and substantial progress has been made on construction work.

12 MW captive power plant-This power plant is being set up at the sponge iron plant site. It will utilize the waste heat of the kiln gases as well as burn coal and agricultural wastes as fuel. Part of the project has been already been completed & commissioned as 2.5 MW plant. The 12 MW turbo generators have been erected.

The company came up with a public issue in 1990 to part finance the cost of modernisation/expansion besides meeting the long term working capital needs. In1997 the company was granted approval to bring in foreign equity worth $39 million amounting to 35 per cent of its paid up capital through four foreign promoters.

Recent developments

The Supreme Court in April 2009 has dismissed Bellary Steels and Alloys Ltd's plea challenging market regulator SEBI's order that has debarred it from the securities market for five years. SEBI has restrained the company from trading in securities for allegedly issuing counterfeit share certificates in contravention of the SEBI Regulations, 2003.

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