Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Bihar Sponge Iron Ltd (BIHARSPONG)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500058 NSE: BIHARSPONG Steel/Sponge Iron/Pig Iron | Small Cap | Bihar Sponge Iron Share Price
₹12.26 0.17 (1.41%)
As on 24-Sep'26 14:59
Bihar Sponge Iron Ltd (BIHARSPONG)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500058 NSE: BIHARSPONG Steel/Sponge Iron/Pig Iron | Small Cap | Bihar Sponge Iron Share Price
₹12.26 0.17 (1.41%)
As on 24-Sep'26 14:59
Key Metrics
Valuation Multiples
Market Cap
₹109 Cr.
Current Price
₹12.3
52-Week Low / High
₹9 / 17
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
34.3
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
19.79%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
69.23%
Pledged shares (%) of Promoter's holding (%)
52.05%
Reserves
-
Equity
₹90.2 Cr.
Face Value
₹10
All Time Low / High
₹0.33 / 61.00
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Bihar Sponge Iron Ltd a good quality company?
Bihar Sponge Iron Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Bihar Sponge Iron Ltd performance compare with that of its Peers?
Revenue growth of Bihar Sponge Iron Ltd vs industry peers?
Bihar Sponge Iron Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Bihar Sponge Iron Ltd?
Promoters hold 69.23% of the Bihar Sponge Iron Ltd, with 52.05% of their stake pledged, indicating high pledge risk.
Stock return of Bihar Sponge Iron Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Bihar Sponge Iron Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 22.1 | 86.4 | 463 | 267 | 319 | 168 |
| Sales YoY Gr. | - | -100% | NA | NA | NA | NA | 291.1% | 436.3% | -42.5% | 19.8% | - |
| Adj EPS ⓘ | -0.7 | -0.4 | -0.1 | 0.1 | -0.1 | 0.5 | 0.8 | 1.3 | 0.8 | 1.1 | 1.3 |
| YoY Gr. | - | NA | NA | NA | -200% | NA | 70.2% | 66.3% | -37.6% | 27.7% | - |
| BVPS (₹) ⓘ | -13.7 | -14.2 | -14.2 | -14.2 | -14.3 | -14.6 | -15.5 | -14.7 | -12.8 | -10.4 | -8.9 |
| Adj Net Profit ⓘ | -5.9 | -3.3 | -0.5 | 0.8 | -0.8 | 4.2 | 7.3 | 12 | 7.4 | 9.6 | 12 |
| Cash Flow from Ops. ⓘ | -0.8 | -2.8 | 0.4 | -0.2 | 1 | 9.9 | 23.3 | -15.5 | 19.2 | 8.2 | - |
| Debt/CF from Ops. ⓘ | -120 | -46.9 | 252 | -534.5 | 96.8 | 8.9 | 3.8 | -7 | 4.8 | 10 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 180.2% | NA | 54.6% | 19.8% | ||||
| Adj EPS ⓘ | NA | NA | 9.8% | 27.7% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 18.1% | 2.9% | 5% | -5.8% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.4 | 3.9 | 0.5 | -0.9 | 0.9 | -4.9 | -9.1 | -17.4 | -12.5 | -18.9 | -13.5 |
| Op. Profit Mgn % ⓘ | -10547.7 | 0 | 0 | 0 | 0 | 24 | 3.5 | 3.1 | -5.2 | -4.9 | -5.5 |
| Net Profit Mgn % ⓘ | -16869.5 | 0 | 0 | 0 | 0 | 19.1 | 8.4 | 2.6 | 2.8 | 3 | 7 |
| Debt to Equity ⓘ | -0.8 | -1 | -0.7 | -0.7 | -0.7 | -0.7 | -0.6 | -0.8 | -0.8 | -0.9 | - |
| Working Cap Days ⓘ | 1,38,102 | 0 | 0 | 0 | 0 | 158 | 121 | 43 | 104 | 85 | 91 |
| Cash Conv. Cycle ⓘ | 67,487 | 0 | 0 | 0 | 0 | -152 | -79 | -31 | -24 | -15 | 6 |
Valuation of Bihar Sponge Iron - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 52.05 | 52.05 | 52.05 | 52.05 | 52.05 | 52.05 | 52.05 | 52.05 | 52.05 | 52.05 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Bihar Sponge Iron Ltd FAQs
The current trading price of Bihar Sponge Iron on 24-Sep-2026 14:59 is ₹12.26.
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 23-Sep-2026 the market cap of Bihar Sponge Iron stood at ₹109.1 Cr
The latest P/E ratio of Bihar Sponge Iron as of 23-Sep-2026 is 9.33.
The latest P/B ratio of Bihar Sponge Iron as of 23-Sep-2026 is -1.36.
The 52-week high of Bihar Sponge Iron is ₹16.78 and the 52-week low is ₹9.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bihar Sponge Iron is ₹168 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bihar Sponge Iron Ltd is a below average quality company.
The key valuation ratios of Bihar Sponge Iron Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bihar Sponge Iron Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Bihar Sponge Iron Ltd
Bihar Sponge Iron (BSIL) was incorporated on April 16, 1982. It is an Indo German venture of Modi Industries, and associates along with the Bihar State Industrial Development Corporation as Indian promoters, where as Lurgi GmbH of Frankfurt, Federal Republic of Germany and DEG-Cologne, Federal Rederal Republic of Germany as foreign promoters.
Commercial production of the company commenced in July 1989 at its sponge iron manufacturing facility at Chandil, district Singbhum in Bihar. The implementation of this massive project started in June 1986 and was completed in record time with the starting of commercial production in 1989.
Sponge Iron is used as a raw material for making steel in electric arc furnaces and induction furnaces, substituting and supplementing indigenous and imported scrap.
Modi Group is one of the select business houses in the country which has and continues to build collaborations with leading multinationals in a diverse range of activities. Whether it is sugar or rubber, tough steel or delicate threads, hi-tech computers or life saving medicines.
The Company’s principal activity is to manufacture and market sponge iron. The sponge iron is used by secondary steel producers for producing long products for meeting the demand of the construction and infrastructure sectors. Primary steel producers also use sponge iron to improve productivity and reduce the coke consumption.
BSIL is the first commercial sponge iron plant in India and is also recognised as the most efficient coal-based plant in India. The plant is located at Umesh Nagar, Chandil, in district Singhbhum, which is 30 kms from Jamshedpur. Chandil is a known backward tribal area in the state of Bihar, where the unit produces Sponge Iron from indigenous iron ore and non-coking coal available abundantly in the vicinity.
Recent development
Board for Industrial and Financial Reconstruction (BIFR) vide letter dated April 30, 2009 has withdrawn the nomination of Rishabh Jain from the Board of Directors of the Company.
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