Bengal Steel Industries Ltd - Stock Valuation and Financial Performance

BSE: 512404 | NSE: | Steel & Iron Products | Small Cap

Bengal Steel Inds Share Price

0.05 0.00 0.00%
as on 17-May'24 16:01

DeciZen - make an informed investing decision on Bengal Steel Inds

M-Cap below 100cr DeciZen not available

Bengal Steel Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.31
Market Cap:
0 Cr.
52-wk low:
0
52-wk high:
0.1

Is Bengal Steel Industries Ltd an attractive stock to invest in?

1. Is Bengal Steel Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bengal Steel Industries Ltd is a below average quality company.

2. Is Bengal Steel Industries Ltd undervalued or overvalued?

The key valuation ratios of Bengal Steel Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Bengal Steel Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bengal Steel Industries 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 Bengal Steel Inds:

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.
Bengal Steel Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.4%0.9%0.4%-3.2%-5.9%2.4%4.8%0.9%2.3%0.9%-
Value Creation
Index
-0.1-0.9-1.0-1.2-1.4-0.8-0.7-0.9-0.8-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10.50.3000.40.50.50.50.50
Sales YoY Gr.--53.4%-37.5%-100%NANA33.3%0%0%0%-
Adj EPS 0.80.40-0.6-1.10.40.60.20.10.20.2
YoY Gr.--48.8%-95.4%-3300%NANA55.6%-57.1%-58.3%60%-
BVPS (₹) 19.9202019.418.318.619.419.62020.220.2
Adj Net
Profit
0.40.20-0.3-0.50.20.30.10.10.10
Cash Flow from Ops. 0.1-4.40.2-0.203.8-0.20.1-0.40.2-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -8.1%NA0%0%
Adj EPS -16.8%NA-34.1%60%
BVPS0.1%2%1.3%0.8%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.42.10.1-3.3-5.91.92.91.30.50.80.8
Op. Profit
Mgn %
18.854.510-21749.1056.762.616.9-0.121.315.5
Net Profit
Mgn %
39.843.43.9-20645.3048.556.724.910.316.216.3
Debt to
Equity
00000000000
Working Cap
Days
2,3155,63311,48922,53,28306,8323,9654,1304,2334,3201,119
Cash Conv.
Cycle
97000000000938

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.80%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -34.14%

Sales growth is not so good in last 4 quarters at 6.25%

Latest Financials - Bengal Steel Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 0.2
TTM Sales (₹ Cr.) 0.5 0.5
BVPS (₹.) 20.2 20.1
Reserves (₹ Cr.) 5 5
P/BV 0.00 0.00
PE 0.31 0.33
From the Market
52 Week Low / High (₹) 0.02 / 0.05
All Time Low / High (₹) 0.02 / 0.05
Market Cap (₹ Cr.) 0
Equity (₹ Cr.) 4.9
Face Value (₹) 10
Industry PE 22.2

Management X-Ray of Bengal Steel Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Bengal Steel Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1.030.480.30000.360.480.480.480.48
Operating Expenses 0.840.480.270.330.560.160.180.410.480.38
Manufacturing Costs000.010.010.010.010.020.010.010
Material Costs0.55000000000
Employee Cost 0.050.110.030.090.070.020.040.030.080.08
Other Costs 0.240.370.230.230.470.120.120.370.390.29
Operating Profit 0.1900.03-0.33-0.560.200.300.0700.10
Operating Profit Margin (%) 18.7%-0.8%10.0%-21,749.1%-56.7%62.6%14.4%-0.1%21.3%
Other Income 0.980.110.020.030.020.010.150.020.240
Interest 0000000000
Depreciation 0.010.010.010.0100000.010.01
Exceptional Items 0000000000
Profit Before Tax 1.150.090.04-0.31-0.540.220.450.080.220.09
Tax 0.220.070.03000.040.08-0.030.040.01
Profit After Tax 0.940.020.01-0.31-0.540.170.380.110.190.08
PAT Margin (%) 91.0%4.7%3.9%-20,342.3%-48.5%78.3%23.2%39.4%16.2%
Adjusted EPS (₹)1.90.10.0-0.6-1.10.40.80.20.40.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9.779.799.819.508.959.139.509.619.809.88
Share Capital 4.904.904.904.904.904.904.904.904.904.90
Reserves 4.874.894.914.604.054.234.604.714.904.98
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables0000000000
Others Liabilities 0.861.020.641.060.590.630.700.540.530.55
Total Liabilities 10.6310.8110.4410.569.549.7610.2010.1510.3410.43

Fixed Assets

Gross Block2.452.452.452.452.452.452.452.662.662.66
Accumulated Depreciation2.302.312.322.332.332.332.332.332.342.35
Net Fixed Assets0.150.140.130.120.120.120.120.330.320.31
CWIP 0000000000
Investments 4.3911.020.840.864.414.414.404.164.16
Inventories0000000000
Trade Receivables0000000000
Cash Equivalents 0.910.040.040.030.030.280.190.040.110.35
Others Assets5.199.639.269.568.534.955.485.385.755.61
Total Assets 10.6310.8110.4410.569.549.7610.2010.1510.3410.43

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.11-4.370.17-0.2103.79-0.240.05-0.370.24
PBT 1.150.090.04-0.31-0.540.220.450.080.220.09
Adjustment -0.960.07-0.01-0.02-0.01-0.01-0.150-0.190.01
Changes in Working Capital -0.08-4.480.180.120.563.58-0.54-0.05-0.40.16
Tax Paid 0-0.05-0.0300000.02-0.01-0.01
Cash Flow From Investing Activity 0.763.50-0.180.210-3.540.15-0.200.440
Capex 0000000-0.2100
Net Investments 0.543.40-0.180.190-3.540.1500.440
Others 0.220.110.010.010000.0100
Cash Flow From Financing Activity 0000000000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow 0.87-0.870-0.0100.25-0.09-0.150.070.24
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.090.230.12-3.21-5.91.934.031.161.950.79
ROCE (%)12.420.930.43-3.19-5.892.414.840.872.310.94
Asset Turnover Ratio0.090.040.03000.040.050.050.050.05
PAT to CFO Conversion(x)0.12-218.517N/AN/A22.29-0.630.45-1.953
Working Capital Days
Receivable Days0000000000
Inventory Days0000000000
Payable Days0000000000

Bengal Steel Industries Ltd Stock News

Bengal Steel Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bengal Steel Inds on 17-May-2024 16:01 is ₹0.05.
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 17-May-2024 16:01 the market cap of Bengal Steel Inds stood at ₹0.02.
The latest P/E ratio of Bengal Steel Inds as of 17-May-2024 16:01 is 0.31.
The latest P/B ratio of Bengal Steel Inds as of 17-May-2024 16:01 is 0.00.
The 52-week high of Bengal Steel Inds is ₹0.05 and the 52-week low is ₹0.02.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bengal Steel Inds is ₹0.48 ( Cr.) .

About Bengal Steel Industries Ltd

Bengal Industries manufactures stainless steel corrugated hoses, stainless steel wire braid and hose-assemblies at their state of the art facility at Faridabad, falls under national capital region i.e., New Delhi in India. The ISO-9001-2000 accredited company, was established in 1978, has grown to become one of the major producers of stainless steel corrugated flexible hoses in India. The company is professionally managed by a dedicated and motivated team of professionals.

The company is the only hose manufacturer in India to receive 'CE' certification. This is from DNV, Norway for design, manufacture and testing of stainless steel corrugated flexible hose assemblies under Pressure Equipment Directive of European Council 97/23/EC. Supplying quality products continuously over three decades to over 35 countries worldwide by following a simple philosophy of continuous improvement in all spheres of business activity has now become a tradition. This has benefited the company substantially in attaining the status of priority supplier for its products to all customers in India as well as overseas.

By starting the production of Flexible Exhaust Connectors (Flex pipes/couplings) for vehicle exhaust systems, Bengal Industries has now spread its manufacturing operations into the Automotive Component Industry. A brand new facility has been put to ensure best quality production of these components.

Infrastructure

  • Two plants located within a close proximity having a total built up area of over 60,000 square feet.
  • 100% captive powers back up to ensure nonstop production resulting in timely delivery to customers.
  • Tube mills for production Stainless steel tubes
  • Braiding machines of European origin to produce quality Braids
  • Hydro Forming Corrugators
  • Mechanical Corrugators
  • Elastomer Bellow Forming Machines
  • State of the art Interlock Hose manufacturing machine
  • Leakage Testing Equipment
  • Fatigue and Cycle Life Test Machine
  • Burst Pressure and Yield Tester
  • Bend Radius Tester
  • Flame Testing Machine

Customers

The company’s products are exported to customers in all major foreign markets. Global standards in quality and environment; constant innovation; and collaboration with major global suppliers has given them the technology and expertise to access quality oriented customers worldwide At present the company’s products are exported to over 35 countries worldwide including the North and South America, Eastern and Western Europe, Middle East, South and South East Asia, Australia and South Africa.

A focus on supplying Zero Defect Product Quality combined with an efficient customer service and minimal response time has earned them a preferred supplier status with their customers.

Products

Automotive

The company manufactures a wide range of Automotive Exhaust Connectors, which is a part of vehicle exhaust system installed between engine and muffler, and is used to decrease noise and vibration from engine exhaust system and absorb thermal expansion of muffler pipe resulted due to high temperature of exhaust gas.

Automotive Exhaust connector is installed between the engine exhaust and the catalytic converter / muffler. In most of the front wheel drive vehicles, engine is transversely mounted because of the compact design. It helps to protect the silencer and engine from forces at the inlet connection due to high temperatures and fluctuations in exhaust flow rates. It compensates for the misalignment of exhaust pipe, seals the line to protect catalytic converter and prevents the air pollution caused by exhaust gases.

The complete range includes Automotive Exhaust Connectors in various types e.g. (Standard Unlined, Inner Braid Lined and Interlock Hose Lined). These are available in all regular sizes and special sizes can also be manufactured according to specific customer requirements.

Industrial

A wide range of metallic flexible hoses are manufactured in SS AISI 304, 321, 316 & 316-L conforming to BS 6501: Part 1: 1991/ISO 10380:2003. The company is the only hose manufacturer in India to receive 'CE' certification.

Stainless steel corrugated hoses are offered from 6mm NB (1/4') to 250mm NB (10”). The annular corrugated hose body provides tight core of the assembly. It also manufactures highly flexible close pitch and heavy duty hoses for special applications.

These are used in Refineries Power Plants Fertilizer Industry Pharmaceutical Industry Chemical Industry Automotive Industry Steam, Hot Water, Pneumatic Service Vacuum Systems Air Conditioning & Refrigeration Steel Plants Nuclear Installations Cryogenic Service Paper Plants Lubrication Systems Defence Industry Boilers Piping Ports & Ship Yards Railways.

 

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.