Bihar Sponge

Who are the top shareholders of the Bihar Sponge?

The top shareholder of Bihar Sponge is Moderate Leasing And Capital Services Ltd., holding 49.1% of the shares, while individual investors own 26.11%. There are no foreign institutional investors, and 14 mutual fund schemes hold about 0.07% of the shares.

The top shareholders of Bihar Sponge are primarily the promoters, with a significant portion of their holdings pledged. The promoter with the highest stake is Moderate Leasing And Capital Services Ltd., which holds 49.1% of the shares. Additionally, individual investors collectively own 26.11% of the company. There are also 14 mutual fund schemes that hold a small fraction of shares, approximately 0.07%. Currently, there are no foreign institutional investors (FIIs) holding shares in the company.

Who are in the management team of Bihar Sponge?

As of March 2022, the management team of Bihar Sponge includes Umesh K Modi (Chairman & President), Abhishek Modi, Jayesh Modi, Kum Kum Modi, Anirudh Modi, Aditya Kumar Modi (Whole-time Director), and several independent directors, totaling 14 members responsible for the company's governance and strategy.

As of March 2022, the management team of Bihar Sponge includes the following individuals:<BR><BR>1. Umesh K Modi - Chairman & President<BR>2. Abhishek Modi - Director<BR>3. Jayesh Modi - Director<BR>4. Kum Kum Modi - Director<BR>5. Anirudh Modi - Director<BR>6. Aditya Kumar Modi - Whole-time Director<BR>7. Jagdish Chander Chawla - Independent Director<BR>8. Shiv Shanker Agarwal - Independent Director<BR>9. Vijay K Modi - Independent Director<BR>10. Asha Agarwal - Independent Director<BR>11. Salil Seth - Independent Director<BR>12. Vimal Prasad Gupta - Company Secretary & Compliance Officer<BR>13. AJAY KUMAR AGGARWAL - Additional Director<BR>14. Pramod Kumar Gupta - Additional Director<BR><BR>This diverse team includes both executive and independent directors, contributing to the governance and strategic direction of the company.

When is the next results date for Bihar Sponge?

No Upcoming Board Meetings

Has Bihar Sponge declared dividend?

No Dividend History Available

Who are the peers of the Bihar Sponge?

Bihar Sponge's peers include JSW Steel, Tata Steel, Jindal Steel, and Lloyds Metals, among others. Lloyds Metals shows the best performance with a 1-year return of 105.73%, while Bihar Sponge has a return of -8.92%.

Peers: The peers of Bihar Sponge are JSW Steel, Tata Steel, Jindal Steel, Lloyds Metals, SAIL, KIC Metaliks, Facor Alloys, Chrome Silicon, and Ankit Met.Power.<BR><BR>Quality Snapshot: Excellent management risk is observed at Lloyds Metals, while Good management risk is found at JSW Steel, Tata Steel, and Jindal Steel. Average management risk is present at KIC Metaliks, and the rest have Below Average management risk. Growth is Excellent at Lloyds Metals, Good at JSW Steel, Average at Tata Steel and Jindal Steel, and Below Average at SAIL and KIC Metaliks, while the rest do not qualify. Capital Structure is Excellent at Lloyds Metals, Good at Jindal Steel, Average at Tata Steel, and Below Average at SAIL, KIC Metaliks, Facor Alloys, Chrome Silicon, and the rest do not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lloyds Metals at 105.73%, while the lowest is Facor Alloys at -51.93%. Bihar Sponge's own 1-year return is -8.92%, which is higher than Facor Alloys but lower than Lloyds Metals. Additionally, KIC Metaliks, Facor Alloys, Ankit Met.Power, and the rest have negative six-month returns.

Is Bihar Sponge overvalued or undervalued?

As of April 25, 2023, Bihar Sponge is considered overvalued and risky, with a PE ratio of 11.44 and a year-to-date stock decline of 21.98%, contrasting sharply with industry peers like JSW Steel and Tata Steel.

As of 25 April 2023, the valuation grade for Bihar Sponge has moved from does not qualify to risky. The company is currently considered overvalued. Key ratios include a PE ratio of 11.44, an EV to EBITDA of -9.30, and a PEG ratio of 0.24, which indicate significant concerns regarding profitability and valuation metrics. <BR><BR>When compared to peers, JSW Steel has a PE ratio of 64.98 and Tata Steel has a PE of 51.92, both of which highlight the stark contrast in valuation and performance within the industry. Additionally, the company's recent stock performance has underperformed against the Sensex, particularly in the year-to-date period, where it has declined by 21.98% compared to the Sensex's gain of 5.61%. This further reinforces the notion that Bihar Sponge is currently overvalued in the market.

What is the technical trend for Bihar Sponge?

As of May 27, 2025, Bihar Sponge shows a mildly bearish trend overall, with mixed signals from indicators like the MACD and Bollinger Bands, suggesting short-term weakness despite a mildly bullish weekly outlook.

As of 27 May 2025, the technical trend for Bihar Sponge has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The daily moving averages are also mildly bearish, suggesting short-term weakness. Bollinger Bands are bearish on both weekly and monthly time frames, reinforcing the bearish sentiment. The KST aligns with the MACD, being mildly bullish weekly but mildly bearish monthly. Overall, the indicators reflect a mildly bearish stance with some mixed signals, particularly in the weekly time frame.

What does Bihar Sponge do?

Bihar Sponge Iron Ltd is a micro-cap company that produces sponge iron from iron ore and is recognized as India's first merchant sponge iron plant. As of March 2025, it reported net sales of ₹985 Cr and a net profit of ₹34 Cr, with a market cap of ₹170 Cr.

Overview:<BR>Bihar Sponge Iron Ltd is a micro-cap company in the ferrous metals industry that produces sponge iron from iron ore.<BR><BR>History:<BR>Incorporated on 16 April 1982, Bihar Sponge Iron Ltd is recognized as the first merchant sponge iron plant in India. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 985 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 34 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 170 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 16.00<BR>- Industry P/E: 34<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.55<BR>- Return on Equity: -22.93%<BR>- Price to Book: -3.71<BR><BR>Contact Details:<BR>Address: Umesh Nagar Chandil, Dist Saraikela Kharsawan Jharkhand : 832401<BR>Email: companysecretary@bsil.org<BR>Website: http://www.bsil.org.in

How big is Bihar Sponge?

As of 24th July, Bihar Sponge Iron Ltd has a market capitalization of 147.00 Cr, with recent net sales of 319.40 Cr and a net profit of 10.40 Cr. The balance sheet for March 2024 shows shareholder's funds at a loss of 55.75 Cr and total assets valued at 182.09 Cr.

As of 24th July, Bihar Sponge Iron Ltd has a market capitalization of 147.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Bihar Sponge reported Net Sales of 319.40 Cr and a Net Profit of 10.40 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds at a loss of 55.75 Cr and Total Assets valued at 182.09 Cr.

Should I buy, sell or hold Bihar Sponge?

How has been the historical performance of Bihar Sponge?

Bihar Sponge has experienced fluctuating financial performance, with net sales increasing to 319.42 Cr in Mar'25 but facing operating losses of -15.48 Cr due to rising expenditures. Despite a decrease in total liabilities and stable cash flow, profitability remains a challenge.

Answer:<BR>The historical performance of Bihar Sponge shows significant fluctuations in its financial metrics over the years.<BR><BR>Breakdown:<BR>Bihar Sponge's net sales have shown a notable increase from Mar'20, where it recorded no sales, to Mar'25 with sales of 319.42 Cr, despite a drop from the previous year's 463.37 Cr. The total operating income followed a similar trend, reaching 319.42 Cr in Mar'25, up from 266.65 Cr in Mar'24. However, the total expenditure, excluding depreciation, also increased to 334.90 Cr in Mar'25, leading to an operating profit (PBDIT) of -15.48 Cr, indicating a loss compared to a profit of 14.11 Cr in Mar'23. The profit before tax for Mar'25 was 10.39 Cr, slightly down from 12.14 Cr in Mar'23, while profit after tax mirrored this trend at 10.39 Cr. The company's total liabilities decreased to 131.87 Cr in Mar'25 from 182.09 Cr in Mar'24, and total assets also fell to 131.87 Cr. Cash flow from operating activities was stable at 19.00 Cr in Mar'24, but the net cash inflow/outflow remained at 0.00 Cr. Overall, while Bihar Sponge has shown growth in sales, it continues to face challenges in profitability and managing expenses.

Are Bihar Sponge Iron Ltd latest results good or bad?

Bihar Sponge Iron Ltd's latest results show a significant net profit increase of 254.86% and strong revenue growth, but ongoing operational losses and heavy reliance on non-operating income raise concerns about the company's financial health. Investors should be cautious due to these structural issues.

Bihar Sponge Iron Ltd's latest results present a mixed picture. On one hand, the company reported a significant increase in net profit for Q3 FY26, reaching ₹6.21 crore, which is a remarkable 254.86% increase quarter-on-quarter. Additionally, revenue growth was strong, with a 63.79% year-on-year increase, bringing net sales to ₹87.30 crore, up 36.92% from the previous quarter.<BR><BR>However, despite these positive figures, there are serious concerns regarding the company's operational performance. The operating margin, excluding other income, remains negative at -1.32%, indicating that the core manufacturing operations are still loss-making. This marks the seventh consecutive quarter of operational losses, which raises questions about the sustainability of the company's profitability.<BR><BR>Moreover, a significant portion of the reported profits is derived from other income, which accounted for 134.78% of profit before tax. This reliance on non-operating income highlights the underlying challenges in the core business.<BR><BR>In summary, while the revenue and net profit figures may seem encouraging at first glance, the ongoing operational losses and dependency on other income suggest that the overall financial health of Bihar Sponge Iron Ltd is concerning. Investors should approach with caution, considering the structural issues that persist within the company.

Why is Bihar Sponge Iron Ltd falling/rising?

As of 05-May, Bihar Sponge Iron Ltd's stock price is at 14.47, down 0.41% after two consecutive days of decline. Despite a strong monthly increase of 24.21%, recent trends indicate a downward movement influenced by its position relative to moving averages and increased investor participation not offsetting the price drop.

As of 05-May, Bihar Sponge Iron Ltd's stock price is currently at 14.47, reflecting a decrease of 0.06 or 0.41%. The stock has been experiencing a decline, having fallen for the last two days, resulting in a total drop of 0.89% during this period. Despite a strong performance over the past month, where the stock increased by 24.21%, the recent short-term trend indicates a downward movement.<BR><BR>The stock's current price is higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but it is lower than its 5-day moving average, suggesting a recent shift in momentum. Additionally, while there has been a rise in investor participation, with delivery volume increasing by 52.38% against the 5-day average, this has not been sufficient to counteract the recent price decline. Overall, the combination of consecutive falls and the stock's position relative to its moving averages contributes to the current downward trend in its price.

Which are the latest news on Bihar Sponge?