I
Balasore Alloys
ISPATALLOY
Balasore Alloys
Commodities Ferrous Metals
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.11 times its book value
- Debtor days have improved from 163 to 43.4 days.
Weaknesses
4- Company has low interest coverage ratio.
- Company has a low return on equity of -7.20% over last 3 years.
- Contingent liabilities of Rs.52.9 Cr.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
194% higher than
3Y
Net Income Growth
87% higher than
3Y
Quarterly Results
| Particulars | Sep 2020 | Dec 2020 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 2 | 28 | 46 | 3 | 25 | 53 | 6 | 33 | 401 | 335 | 190 | 223 |
| Expenses | -44 | 26 | 32 | 38 | 9 | 46 | 37 | 29 | 71 | 394 | 376 | 167 | 197 |
| Operating Profit | 65 | -24 | -5 | 9 | -6 | -20 | 16 | -23 | -39 | 7 | -41 | 23 | 26 |
| OPM % | 314% | -1070% | -17% | 19% | -195% | -82% | 31% | -372% | -118% | 1.8% | -12% | 12% | 12% |
| Other Income | 1 | 0 | 0 | 0 | 0 | 10 | 2 | 1 | 1 | 2 | 2 | 0 | 0 |
| Interest | 10 | 9 | 7 | 7 | 7 | 7 | 11 | 14 | 17 | 8 | 7 | 0 | 0 |
| Depreciation | 7 | 7 | 7 | 7 | 1 | 11 | 6 | 6 | 6 | 6 | 6 | 0 | 0 |
| PBT | 49 | -40 | -18 | -5 | -14 | -29 | 1 | -42 | -61 | -4 | -52 | 23 | 26 |
| Tax % | 24% | -24% | -24% | -24% | -24% | 3% | 95% | 46% | 26% | 0% | -23% | -190% | 28% |
| Net Profit | 37 | -30 | -14 | -4 | -10 | -30 | 0 | -61 | -77 | -4 | -40 | 67 | 19 |
| EPS in Rs | 4.01 | -3.24 | -1.49 | -0.41 | -1.1 | -3.21 | 0 | -6.58 | -8.24 | -0.38 | -4.29 | 7.22 | 1.99 |
Profit & Loss
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 686 | 783 | 848 | 838 | 1,012 | 1,210 | 1,261 | 767 | 100 | 102 | 382 | 1,123 |
| Expenses | 589 | 660 | 733 | 756 | 832 | 1,091 | 1,193 | 838 | 93 | 125 | 432 | 1,215 |
| Operating Profit | 97 | 123 | 115 | 82 | 179 | 119 | 69 | -71 | 7 | -23 | -50 | -92 |
| OPM % | 14% | 16% | 14% | 10% | 18% | 10% | 5% | -9% | 7% | -22% | -13% | -8% |
| Other Income | 15 | 9 | -17 | 7 | 22 | 34 | -25 | 1 | 6 | 10 | -78 | 0 |
| Interest | 44 | 38 | 35 | 32 | 39 | 46 | 44 | 50 | 38 | 27 | 72 | 0 |
| Depreciation | 17 | 19 | 21 | 22 | 27 | 30 | 32 | 30 | 29 | 26 | 24 | 0 |
| PBT | 51 | 74 | 42 | 35 | 135 | 77 | -32 | -149 | -54 | -66 | -225 | -92 |
| Tax % | 43% | 38% | 31% | 47% | 38% | 56% | -11% | -27% | -24% | -12% | -24% | -90% |
| Net Profit | 29 | 46 | 29 | 19 | 84 | 34 | -29 | -109 | -41 | -58 | -171 | -9 |
| EPS in Rs | 4.47 | 7.14 | 4.11 | 2.36 | 9.41 | 3.65 | -3.08 | -11.68 | -4.36 | -6.23 | -18.37 | -0.99 |
| Div. Payout % | 12% | 9% | 15% | 26% | 8% | 21% | -13% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 34 | 34 | 37 | 41 | 44 | 47 | 47 | 47 | 47 | 47 | 47 | 47 |
| Reserves | 897 | 892 | 869 | 856 | 888 | 919 | 882 | 771 | 738 | 683 | 513 | 470 |
| Borrowings | 309 | 292 | 116 | 132 | 215 | 181 | 178 | 196 | 203 | 202 | 577 | 559 |
| Other Liabilities | 258 | 299 | 345 | 397 | 524 | 552 | 627 | 692 | 775 | 746 | 772 | 816 |
| Total Liabilities | 1,497 | 1,517 | 1,367 | 1,426 | 1,671 | 1,699 | 1,734 | 1,706 | 1,763 | 1,678 | 1,909 | 1,892 |
| Fixed Assets | 988 | 948 | 934 | 880 | 846 | 864 | 867 | 902 | 874 | 847 | 823 | 813 |
| CWIP | 52 | 78 | 73 | 90 | 94 | 120 | 134 | 117 | 117 | 117 | 117 | 121 |
| Investments | 16 | 16 | 12 | 12 | 17 | 18 | 18 | 18 | 17 | 16 | 16 | 16 |
| Other Assets | 441 | 475 | 347 | 444 | 714 | 698 | 716 | 669 | 755 | 697 | 952 | 941 |
| Total Assets | 1,497 | 1,517 | 1,367 | 1,426 | 1,671 | 1,699 | 1,734 | 1,706 | 1,763 | 1,678 | 1,909 | 1,892 |
Cash Flow
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 114 | 95 | 66 | 63 | 90 | 110 | 83 | 44 | -9 | -9 | -289 | — |
| Investing | -235 | -41 | 143 | -65 | -119 | -36 | -57 | -47 | 26 | 26 | 3 | — |
| Financing | 120 | -53 | -208 | 8 | 30 | -66 | -36 | 1 | -19 | -19 | 307 | — |
| Net Cash Flow | 0 | 1 | 1 | 6 | 0 | 9 | -10 | -2 | -2 | -2 | 21 | — |
| Free Cash Flow | 74 | 39 | 9 | -6 | -17 | 61 | 29 | 2 | -6 | -6 | -284 | — |
| CFO/OP | 131 | 93 | 57 | 98 | 53 | 117 | 123 | -65 | -88 | 27 | 570 | — |
Ratios
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 6 | 6 | 11 | 14 | 16 | 15 | 27 | 194 | 316 | 128 | — |
| Inventory Days | 148 | 151 | 172 | 178 | 258 | 155 | 116 | 166 | — | 1,426 | 454 | — |
| Days Payable | 231 | 282 | 301 | 344 | 370 | 214 | 228 | 252 | — | 1,055 | 444 | — |
| Cash Conversion Cycle | -79 | -125 | -123 | -155 | -98 | -44 | -98 | -60 | 194 | 688 | 138 | — |
| Working Capital Days | -78 | -72 | -63 | -80 | -86 | -59 | -71 | -132 | -676 | -922 | -22 | — |
| ROCE % | 8% | 9% | 11% | 6% | 16% | 13% | 4% | -7% | -2% | -4% | -5% | — |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Balasore Alloys insights
62 extracted metrics + investor summaries across FY09–FY24.
Documents
Frequently Asked Questions about Balasore Alloys
What does Balasore Alloys Ltd do?
Balasore Alloys is principally engaged in extraction of chrome ore from its captive mines n Odisha and manufacturing and selling of Ferro Chromes of various grades.
Which sector does Balasore Alloys Ltd belong to?
Balasore Alloys Ltd is classified under the Commodities sector, in the Ferrous Metals industry.
Company Information
Balasore Alloys is principally engaged in extraction of chrome ore from its captive mines n Odisha and manufacturing and selling of Ferro Chromes of various grades.
Website balasorealloys.com
Face Value ₹ 5
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