Bellary Steels & Alloys Ltd Stock Analysis

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

BSE Share Price
Not Listed

DeciZen - Make an Informed Decision on Bellary Steel &Alloy

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

2. Valuation

Undervalued

3. Price Trend

FAQs

1. Is Bellary Steels & Alloys Ltd. a good quality company?

Data is not available for this company.

2. Is Bellary Steels & Alloys Ltd. undervalued or overvalued?

No data found

3. Is Bellary Steels & Alloys Ltd. a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bellary Steels & Alloys Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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
YoY Gr. Rt. %--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. Rt. %-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 -217.4000
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 5

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

Login/Register to view analysis.

Analyst's Notes

Login/Register to view analysis.

News

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.

Read More Read Less