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Bihar Sponge

  • Market Cap: Micro Cap
  • Industry: Steel/Sponge Iron/Pig Iron
  • ISIN: INE819C01011
  • NSEID: BIHARSPONG
  • BSEID: 500058
INR
12.80
-0.2 (-1.54%)
BSENSE

Apr 11, 12:52 PM

BSE+NSE Vol: 1.22 lacs

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

12.6013.80

52 Week

11.1326.77
Valuation
Technical
Day's Volume

CASH

1.22 lacs (742.46%) Volume

Shareholding (Dec 2024)

FII

0.00%

Held by 0 FIIs

DII

0.08%

Held by 0 DIIs

Promoter

69.23%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

  • Poor long term growth as Net Sales has grown by an annual rate of 212.09% and Operating profit at 0% over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

Flat results in Dec 24

3

Stock is technically in a Bearish range

4

Risky - Negative EBITDA

5

52.05% of Promoter Shares are Pledged

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Steel/Sponge Iron/Pig Iron

stock-summary
Market cap

INR 116 Cr (Micro Cap)

stock-summary
P/E

10.00

stock-summary
Industry P/E

29

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.48

stock-summary
Return on Equity

-22.79%

stock-summary
Price to Book

-2.32

Revenue and Profits (1 Year):
Net Sales:
53 Cr
(Quarterly Results - Dec 2024)
Net Profit:
2 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-31.99%
0%
-31.99%
1 Year
-22.8%
0%
-22.8%
2 Years
43.18%
0%
43.18%
3 Years
16.68%
0%
16.68%
4 Years
407.94%
0%
407.94%
5 Years
3455.56%
0%
3455.56%

Bihar Sponge for the last several years.

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
212.09%
EBIT Growth (5y)
-184.78%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
10.05
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
52.05%
Institutional Holding
0.08%
ROCE (avg)
10.42%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
10
Industry P/E
29
Price to Book Value
-2.32
EV to EBIT
-8.60
EV to EBITDA
-11.57
EV to Capital Employed
-5.42
EV to Sales
0.48
PEG Ratio
0.16
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
Negative BV
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

52.0451

Mutual Funds

Held by 14 Schemes (0.07%)

FIIs

Held by 0 FIIs

Promoter with highest holding

Moderate Leasing And Capital Services Ltd. (49.1%)

Highest Public shareholder

None

Individual Investors Holdings

26.08%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -16.41% vs -38.60% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 29.45% vs -60.43% in Sep 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "53.30",
          "val2": "63.76",
          "chgp": "-16.41%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-2.88",
          "val2": "-5.18",
          "chgp": "44.40%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.89",
          "val2": "1.46",
          "chgp": "29.45%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-5.40%",
          "val2": "-8.12%",
          "chgp": "2.72%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 37.30% vs -49.60% in Sep 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is 182.97% vs -51.34% in Sep 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "167.62",
          "val2": "122.08",
          "chgp": "37.30%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-8.43",
          "val2": "-8.74",
          "chgp": "3.55%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "5.15",
          "val2": "1.82",
          "chgp": "182.97%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-5.03%",
          "val2": "-7.16%",
          "chgp": "2.13%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 14.76% vs -45.08% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 138.64% vs -62.32% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "220.92",
          "val2": "192.51",
          "chgp": "14.76%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-11.31",
          "val2": "-12.91",
          "chgp": "12.39%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "7.04",
          "val2": "2.95",
          "chgp": "138.64%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-5.12%",
          "val2": "-6.71%",
          "chgp": "1.59%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is -42.45% vs 436.31% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is -38.71% vs 46.80% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "266.65",
          "val2": "463.37",
          "chgp": "-42.45%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-13.84",
          "val2": "14.11",
          "chgp": "-198.09%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.15",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.16",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "7.44",
          "val2": "12.14",
          "chgp": "-38.71%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-5.19%",
          "val2": "3.05%",
          "chgp": "-8.24%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
53.30
63.76
-16.41%
Operating Profit (PBDIT) excl Other Income
-2.88
-5.18
44.40%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
1.89
1.46
29.45%
Operating Profit Margin (Excl OI)
-5.40%
-8.12%
2.72%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -16.41% vs -38.60% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is 29.45% vs -60.43% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
167.62
122.08
37.30%
Operating Profit (PBDIT) excl Other Income
-8.43
-8.74
3.55%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
5.15
1.82
182.97%
Operating Profit Margin (Excl OI)
-5.03%
-7.16%
2.13%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 37.30% vs -49.60% in Sep 2023

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2024 is 182.97% vs -51.34% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
220.92
192.51
14.76%
Operating Profit (PBDIT) excl Other Income
-11.31
-12.91
12.39%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
7.04
2.95
138.64%
Operating Profit Margin (Excl OI)
-5.12%
-6.71%
1.59%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 14.76% vs -45.08% in Dec 2023

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is 138.64% vs -62.32% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
266.65
463.37
-42.45%
Operating Profit (PBDIT) excl Other Income
-13.84
14.11
-198.09%
Interest
0.00
0.15
-100.00%
Exceptional Items
0.00
0.16
-100.00%
Standalone Net Profit
7.44
12.14
-38.71%
Operating Profit Margin (Excl OI)
-5.19%
3.05%
-8.24%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is -42.45% vs 436.31% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is -38.71% vs 46.80% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Bihar Sponge Iron Ltd stock-summary
stock-summary
Bihar Sponge Iron Ltd
Micro Cap
Steel/Sponge Iron/Pig Iron
Incorporated at Patna, Bihar, on 16 April, 1982, Bihar Sponge Iron Limited is an Indo-German venture, promoted in the joint sector by Modi Industries, Modi Rubber and their associates, along with the Bihar State Industrial Development Corporation Ltd. (BSIDC) and Lurgi, Germany. It is the first merchant sponge iron plant in India. The plant is located in Saraikela Kharsawan, Jharkhand. The company produces sponge iron from iron ore (inst. cap. : 1,50,000 tpa).
Company Coordinates stock-summary
Company Details
Umesh Nagar Chandil, Dist Saraikela Kharsawan Jharkhand : 832401
stock-summary
Tel:
stock-summary
http://www.bsil.org.in
stock-summary
companysecretary@bsil.org
Registrar Details
Beetal Financial & Computer Services (P) Ltd , Beetal House , 99 Mandangir, 3rd Floor, Behind Local Shopping Centre, Near Dada Harsukhdas Mandir, New Delhi
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