BSE: 500055 | NSE: TATASTLBSL | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tata Steel BSL Ltd is a below average quality company.
The key valuation ratios of Tata Steel BSL Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
No data found
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.4% | 7.5% | 4.3% | 2.7% | 0.8% | 2.6% | -63.2% | 18.6% | 3% | 12.2% | - |
| Value Creation Index ⓘ | -0.3 | -0.4 | -0.7 | -0.8 | -0.9 | NA | NA | 0.3 | -0.8 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 9,941 | 10,744 | 9,676 | 10,646 | 11,803 | 13,706 | 17,013 | 20,892 | 18,199 | 21,419 | 27,375 |
| Sales YoY Gr. | - | 8.1% | -9.9% | 10% | 10.9% | 16.1% | 24.1% | 22.8% | -12.9% | 17.7% | - |
| Adj EPS ⓘ | 50.5 | 41.6 | 3.7 | -55 | -146.4 | -154.4 | -373.4 | -3.6 | -6.9 | 22.6 | 64.6 |
| YoY Gr. | - | -17.5% | -91.2% | -1603.6% | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 339.2 | 407.7 | 399.5 | 342.2 | 99.7 | -54.9 | -1,150.5 | 167.5 | 161.5 | 184.1 | 222.9 |
| Adj Net Profit ⓘ | 1,088 | 914 | 82.9 | -1,247 | -3,316 | -3,497 | -8,458 | -389 | -759 | 2,476 | 7,059 |
| Cash Flow from Ops. ⓘ | 2,852 | -213 | 2,311 | 2,173 | 923 | 752 | 1,789 | 5,800 | 1,718 | 8,142 | - |
| Debt/CF from Ops. ⓘ | 7.5 | -134.1 | 15.2 | 18 | 52.4 | 66.4 | 27.8 | 2.9 | 10.2 | 1.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.9% | 12.7% | 8% | 17.7% | ||||
| Adj EPS ⓘ | -8.5% | NA | NA | NA | ||||
| BVPSⓘ | -6.6% | 13.1% | NA | 14% | ||||
| Share Price | -0.4% | 24.2% | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.9 | 10.9 | 0.9 | -14.6 | -65.4 | -689.5 | 62 | 10.1 | -4.2 | 13.1 | 31.7 |
| Op. Profit Mgn % ⓘ | 31.3 | 31 | 28.2 | 20.5 | 17.7 | 21.3 | 13.1 | 18.5 | 12.8 | 25.6 | 35.4 |
| Net Profit Mgn % ⓘ | 11 | 8.5 | 0.9 | -11.7 | -28.1 | -25.5 | -49.7 | -1.9 | -4.2 | 11.6 | 25.8 |
| Debt to Equity ⓘ | 2.9 | 3.2 | 3.9 | 5 | 21.4 | -40.2 | -1.9 | 0.9 | 1 | 0.6 | 0.2 |
| Working Cap Days ⓘ | 256 | 308 | 415 | 393 | 257 | 150 | 151 | 128 | 152 | 125 | 46 |
| Cash Conv. Cycle ⓘ | 89 | 135 | 196 | 192 | 116 | 61 | 76 | 46 | 43 | 7 | 9 |
No data to display
Return on Equity has declined versus last 3 years average to %
Sales growth has been subdued in last 3 years %
Net Profit has been subdued in last 3 years %
Sales growth is not so good in last 4 quarters at %
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 64.6 | 65.3 |
| TTM Sales (₹ Cr.) | 27,375 | 27,375 |
| BVPS (₹.) ⓘ | 222.9 | 231.6 |
| Reserves (₹ Cr.) ⓘ | 24,158 | 25,101 |
| P/BV ⓘ | 0.38 | 0.37 |
| PE ⓘ | 1.32 | 1.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 84.50 / 89.70 |
| All Time Low / High (₹) | 2.34 / 536.93 |
| Market Cap (₹ Cr.) | 9,354 |
| Equity (₹ Cr.) | 218.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 22.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,941.41 | 10,744.27 | 9,675.83 | 10,645.77 | 11,802.63 | 13,705.94 | 17,012.56 | 20,891.60 | 18,199.14 | 21,418.63 |
| Operating Expenses ⓘ | 6,937.33 | 7,429.30 | 6,982.35 | 8,471.80 | 9,741.72 | 10,783.93 | 14,807.70 | 17,093.04 | 15,896.30 | 15,968.03 |
| Manufacturing Costs | 941.62 | 1,137.09 | 1,248.56 | 1,633.35 | 1,985.94 | 2,046.91 | 2,180 | 2,967.61 | 3,116.68 | 3,098.22 |
| Material Costs | 5,448.65 | 5,830.27 | 5,189.67 | 5,980.32 | 6,203.26 | 6,553.58 | 9,826.14 | 11,331.73 | 10,341.12 | 10,718.32 |
| Employee Cost | 143.98 | 173.45 | 188.53 | 257.53 | 435.57 | 490.62 | 357.58 | 362.51 | 401.30 | 465.26 |
| Other Costs ⓘ | 403.08 | 288.50 | 355.59 | 600.60 | 1,116.96 | 1,692.81 | 2,443.98 | 2,431.20 | 2,037.20 | 1,686.23 |
| Operating Profit ⓘ | 3,004.08 | 3,314.97 | 2,693.48 | 2,173.97 | 2,060.91 | 2,922.02 | 2,204.86 | 3,798.56 | 2,302.84 | 5,450.60 |
| Operating Profit Margin (%) | 30.2% | 30.9% | 27.8% | 20.4% | 17.5% | 21.3% | 13.0% | 18.2% | 12.7% | 25.4% |
| Other Income ⓘ | 27.34 | 17.34 | 29.11 | 13.51 | 75.75 | 71.96 | 95.08 | 132.44 | 106.51 | 117.42 |
| Interest ⓘ | 1,046.27 | 1,287.44 | 1,663.30 | 2,494.03 | 4,601.28 | 5,426.76 | 6,304.90 | 3,752.18 | 1,695.92 | 1,622.26 |
| Depreciation ⓘ | 619.93 | 830.86 | 963.96 | 938.40 | 1,729.52 | 1,685.61 | 1,785.67 | 1,441.74 | 1,431.63 | 1,479.77 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -10 | 0 | -6.69 | -23,344.68 | 2,976.01 | 69.02 | 0 |
| Profit Before Tax ⓘ | 1,365.23 | 1,214 | 95.33 | -1,254.95 | -4,194.15 | -4,125.09 | -29,135.31 | 1,713.09 | -649.17 | 2,465.99 |
| Tax ⓘ | 341.75 | 305.11 | 33.37 | -1.12 | -864.27 | -623.97 | -4,321.83 | 0 | 0 | 0 |
| Profit After Tax | 1,023.47 | 908.89 | 61.96 | -1,253.83 | -3,329.88 | -3,501.12 | -24,813.47 | 1,713.09 | -649.17 | 2,465.99 |
| PAT Margin (%) | 10.3% | 8.5% | 0.6% | -11.8% | -28.2% | -25.5% | -145.0% | 8.2% | -3.6% | 11.5% |
| Adjusted EPS (₹) | 47.1 | 41.0 | 2.4 | -55.4 | -147.0 | -154.0 | -1,095.4 | 15.7 | -5.9 | 22.6 |
| Dividend Payout Ratio (%) | 1% | 1% | 21% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 7,396.36 | 9,048.10 | 9,153.13 | 7,880.57 | 2,258.08 | -1,243.66 | -26,060.06 | 18,312.91 | 17,656.27 | 20,125.66 |
| Share Capital ⓘ | 128.41 | 145.48 | 149.02 | 175.51 | 45.30 | 45.30 | 45.30 | 218.69 | 218.69 | 218.69 |
| Reserves ⓘ | 7,267.95 | 8,902.62 | 9,004.10 | 7,705.05 | 2,212.77 | -1,288.96 | -26,105.36 | 18,094.22 | 17,437.58 | 19,906.97 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 19,816.56 | 26,897.08 | 31,839.18 | 38,529.27 | 47,234.36 | 46,262.23 | 14,519.39 | 16,972.31 | 17,421.37 | 11,452.35 |
| Long Term Debt | 15,528.78 | 21,664.21 | 25,566.10 | 30,927.72 | 32,298.84 | 30,579.55 | 706.53 | 16,972.31 | 16,534.37 | 11,202.35 |
| Short Term Debt | 4,287.78 | 5,232.86 | 6,273.07 | 7,601.54 | 14,935.52 | 15,682.68 | 13,812.86 | 0 | 887 | 250 |
| Trade Payables | 993.13 | 1,617.02 | 2,350.87 | 2,739.15 | 1,176.28 | 1,109.96 | 1,305.13 | 3,088.97 | 2,869.71 | 4,252.94 |
| Others Liabilities ⓘ | 5,244.82 | 5,699.41 | 7,717.57 | 3,758.54 | 9,355.99 | 14,334.86 | 50,077.14 | 1,211.67 | 886.04 | 1,216.55 |
| Total Liabilities ⓘ | 33,450.87 | 43,261.61 | 51,060.75 | 52,907.52 | 60,024.72 | 60,463.40 | 39,841.60 | 39,585.86 | 38,833.39 | 37,047.50 |
Fixed Assets | ||||||||||
| Gross Block | 18,203.34 | 21,437.07 | 26,115 | 41,682.08 | 53,165.31 | 55,179.31 | 54,277.66 | 54,563.77 | 56,216.24 | 56,565.36 |
| Accumulated Depreciation | 2,469.45 | 3,294.36 | 4,242.74 | 5,118.51 | 1,729.50 | 3,415.08 | 23,916 | 25,356.99 | 26,738 | 28,232.61 |
| Net Fixed Assetsⓘ | 15,733.90 | 18,142.71 | 21,872.26 | 36,563.57 | 51,435.80 | 51,764.23 | 30,361.67 | 29,206.78 | 29,478.23 | 28,332.75 |
| CWIP ⓘ | 6,808.49 | 9,161.41 | 16,318.26 | 2,511.84 | 2,728.68 | 1,170.61 | 1,179.65 | 1,154.14 | 681.71 | 442.31 |
| Investmentsⓘ | 329.45 | 427.21 | 623.24 | 615.47 | 371.15 | 369.91 | 1.23 | 1,596.06 | 10.82 | 704.41 |
| Inventories | 3,311.43 | 5,559.68 | 6,480.25 | 7,321.23 | 2,099.24 | 3,148.92 | 4,025.20 | 4,581.88 | 4,834.93 | 4,367.53 |
| Trade Receivables | 1,220.38 | 2,343.09 | 2,464.45 | 2,398.29 | 1,181.97 | 1,525.55 | 1,219.58 | 697.01 | 702.39 | 422.66 |
| Cash Equivalents | 334.98 | 153.63 | 82.96 | 86.84 | 163.33 | 154.73 | 917.73 | 404.31 | 849.57 | 725.08 |
| Others Assetsⓘ | 5,712.24 | 7,473.89 | 3,219.32 | 3,410.28 | 2,044.54 | 2,329.45 | 2,136.54 | 1,945.67 | 2,275.74 | 2,052.75 |
| Total Assets ⓘ | 33,450.87 | 43,261.61 | 51,060.75 | 52,907.52 | 60,024.72 | 60,463.40 | 39,841.60 | 39,585.86 | 38,833.39 | 37,047.50 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2,851.89 | -212.69 | 2,311.36 | 2,173.23 | 922.89 | 752.07 | 1,788.90 | 5,800.12 | 1,718.16 | 8,141.88 |
| PBT ⓘ | 1,365.23 | 1,214 | 95.33 | -1,254.95 | -4,194.15 | -4,125.09 | -29,135.31 | 1,713.09 | -649.17 | 2,465.99 |
| Adjustment ⓘ | 1,914.87 | 2,129.99 | 2,740.74 | 3,445.55 | 6,316.38 | 7,142.30 | 31,507.87 | 2,186.91 | 2,820.07 | 3,100.73 |
| Changes in Working Capital ⓘ | -164.48 | -3331.21 | -446.97 | -16.13 | -1193.91 | -2262.88 | -580.21 | 1902.94 | -446.83 | 2588.5 |
| Tax Paid ⓘ | -263.73 | -225.47 | -77.74 | -1.24 | -5.44 | -2.27 | -3.45 | -2.82 | -5.90 | -13.33 |
| Cash Flow From Investing Activity ⓘ | -4,810.71 | -4,499.09 | -5,031.11 | -1,402.79 | -151.17 | -80.01 | -644.65 | -1,617.18 | 727.93 | -545.48 |
| Capex | -4,658.47 | -4,414.68 | -4,885.11 | -1,386.88 | -90.71 | -250.82 | -311.75 | -354.11 | -613.65 | -142.03 |
| Net Investments | -151.67 | -96.98 | -195.66 | -2.23 | 0 | 124.12 | -343.91 | -1,510.12 | 1,661.94 | -555.18 |
| Others ⓘ | -0.57 | 12.57 | 49.66 | -13.69 | -60.46 | 46.68 | 11.02 | 247.05 | -320.35 | 151.73 |
| Cash Flow From Financing Activityⓘ | 2,259.07 | 4,530.43 | 2,649.09 | -766.56 | -816.70 | -579.14 | -674.85 | -4,499.73 | -1,999.93 | -7,600.49 |
| Net Proceeds from Shares ⓘ | 1,058.01 | 337.15 | 538.14 | 200.14 | 0 | 6 | 0 | 158.89 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 3,159.26 | 4,680 | 3,826.05 | 2,422.63 | 0 | 91.99 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -2,630.29 | -2,691.65 | -3,142.99 | -4,334.10 | -4,093.71 | -1,487.87 | -1,122.41 | -12,363.93 | -1,387.17 | -1,328.32 |
| Dividend Paid ⓘ | -29.80 | -19.54 | -12.85 | -19.16 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 701.89 | 2,224.46 | 1,440.73 | 963.94 | 3,277.01 | 810.74 | 447.57 | 7,705.32 | -612.76 | -6,272.17 |
| Net Cash Flow ⓘ | 300.25 | -181.35 | -70.67 | 3.88 | -44.98 | 92.92 | 469.40 | -316.79 | 446.17 | -4.09 |
| PARTICULARS | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.58 | 11.18 | 0.69 | -14.93 | -66.54 | N/A | N/A | 0 | -3.61 | 13.05 |
| ROCE (%) | 9.35 | 7.5 | 4.29 | 2.71 | 0.83 | N/A | N/A | 18.55 | 2.97 | 12.21 |
| Asset Turnover Ratio | 0.37 | 0.31 | 0.22 | 0.23 | 0.23 | 0.25 | 0.35 | 0.53 | 0.46 | 0.56 |
| PAT to CFO Conversion(x) | 2.79 | -0.23 | 37.3 | N/A | N/A | N/A | N/A | 3.39 | N/A | 3.3 | Working Capital Days |
| Receivable Days | 29 | 55 | 83 | 76 | 50 | 33 | 29 | 17 | 14 | 10 |
| Inventory Days | 110 | 137 | 207 | 215 | 131 | 64 | 75 | 75 | 94 | 78 |
| Payable Days | 66 | 82 | 140 | 155 | 115 | 64 | 45 | 71 | 105 | 121 |
Bhushan Steel (BSL), earlier known as Bhushan Steel & Strips was incorporated in the year 1983.It is a globally renowned company and is one of the leading prominent player in Steel Industry. Backed by more than two decades, of experience in Steel making, Bhushan Steel is now India’s 3rd largest Secondary Steel Producer company with an existing steel production capacity of 2 million tones per annum’s.
The company has three manufacturing units in the state of Uttar Pradesh (Sahibabad Unit), Maharashtra (Khopoli unit), and Orissa Plant (Meramandali unit) in India and sales network is across many countries.The company is a source for vivid variety of products such as Cold Rolled Closed Annealed, Galvanized Coil and Sheet, High Tensile Steel Strapping, Colour Coated Coils , Galume Sheets and Coils, Hardened & Tempered Steel Strips , Billets, Sponge Iron, Precision Tubes and Wire Rod.
BSL clientele includes automobile and home appliances majors like General Motor, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Eicher Tractors, Ashok Leyland, LG Electronics, Whirlpool, Videocon, Daikin, Samsung Electronics, Godrej, Voltas, IFB, Carrier Refrigeration, Electrolux Group amongst others.The company is on due course o become a fully Integrated Steel & Power Company with market leading offerings in value added Steel in Automotive and White Good Segment with the quality been approved by ISO 9002 and QS 9000.
Products:
Recognition:
BSL has received ISO 14001:2004 certification for Environmental Management System.
BSL has received ISO/TS 16949:2002 certification for Quality Systems.
It has also received OHSAS 18001:1999 certification for health and safety management system.
Milestone:
Most brilliant milestone in BSL’s journey of excellence is setting up of Steel and Power Plant in Orissa. On completion, the Plant will be one of the largest integrated Hot Rolled Steel and Power complexes of the nation
BSL has emerged as the countries largest and the only CR Steel Plant with an independent line for manufacturing Cold Rolled Coils and Sheets up to a width of 1700mm, as well as Galvanized Steel Coils and Sheets up to width of 1350mm.
Bhushan Steel has transformed to 3rd largest producer of Cold Rolled Steel with an installed capacity of one million tons and sales of more than USD 1 Billion.
Focused on niche high value added segment of automobile and white goods, the company today is a leader in these segments.
BSL has a good debt-servicing track record.
The company is first to set up a high Tech Plant in 1996 to cater to auto mobile and white good sector, in technical tie up with Sumitomo Metals, Japan.
Finally, the company is profit making and paying dividend since its inception.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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