Bihar Sponge Iron Ltd.
Snapshot View

9.28 +0.44 ▲5.0%

30 July 2021, 04:00:00 P.M.
Volume: 73,535

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel/Sponge Iron/Pig Iron Compare with Industry peers
Website https://www.bsil.org.in/
Financial Indicators
Market Cap 83.71 Cr.
Earnings per share (EPS) 0.44 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 21.13 Trailing Twelve Months Ending 2021-03
Industry PE 8.95 Trailing Twelve Months Ending 2021-03
Book Value / Share -13.83 Trailing Twelve Months Ending 2021-03
Price to Book Value -0.67 Calculated using Price: 9.28
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 9.02 Cr. 90,205,403 Shares
FaceValue 10
Company Profile

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.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.98%
1 Week
-7.75%
1 Month
-21.16%
3 Month
+110.91%
6 Month
+442.69%
1 Year
+897.85%
2 Year
+1137.33%
5 Year
+319.91%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%)
Return on Capital Employed (%) -32.24 -305.67
Return on Assets (%) -12.98 -17.69 -14.18 -7.01 -6.54 -4.75 -0.17 -0.17 -1.37

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds -8 -37 -57 -77 -83 -87 -87 -87 -88
Non Curr. Liab. 43 47 74 74 71 66 65 66 64
Curr. Liab. 125 124 99 97 97 93 89 84 82
Minority Int.
Equity & Liab. 160 134 116 94 86 73 68 63 58
Non Curr. Assets 101 96 90 72 68 64 59 54 51
Curr. Assets 59 38 26 22 18 9 9 8 7
Misc. Exp. not W/O
Total Assets 160 134 116 94 86 73 68 63 58

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 171 121 19 0
Other Income 1 1 3 2 2 2 7 9 6
Total Income 172 122 22 2 2 2 7 9 6
Total Expenditure -179 -140 -31 -3 -4 -3 -3 -3 -3
PBIDT -7 -18 -9 -1 -1 -1 4 6 2
Interest -10 -10 -4 -1 0 0 0 0 0
Depreciation -3 -3 -3 -4 -4 -4 -4 -4 -3
Taxation
Exceptional Items 5 -1 -1 1 1 -1 0
PAT -21 -26 -18 -7 -6 -4 0 0 -1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 19 -1 -2 0 -1 -3 0 0 1
Cash Fr. Inv. -2 -1 1 0 1 1 0
Cash Fr. Finan. -13 1 0 -1 -3 -4 0 0 -1
Net Change 4 -1 -1 -1 -3 -6 0 0 0
Cash & Cash Eqvt 12 12 11 10 7 1 1 1 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61
Public 30.39 30.39 30.39 30.39 30.39 30.39 30.39 30.39 30.39
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 51.76 51.76 51.76 51.76 51.76 51.76 51.76 51.76 51.76

Announcements View Details

Tue, 20 Jul 2021
OUTCOME OF BOARD MEETING HELD ON 20TH JULY 2021.
this is to inform you that the Board of Directors has inter-alia approved and taken on record the following at its meeting held today i.e.20TH July 2021.
Thu, 15 Jul 2021
Shareholding for the Period Ended June 30 2021
Bihar Sponge Iron Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Tue, 13 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- HIMANI MITTAL
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 30 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing 50 EMA From Below Close Crossing 50 EMA From Below
Thu, 29 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index

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