Bihar Sponge

Which are the latest news on Bihar Sponge?

Why is Bihar Sponge Iron Ltd falling/rising?

As of 10-Jun, Bihar Sponge Iron Ltd's stock price is currently at 12.47, reflecting a short-term rise of 1.55% after a trend reversal. However, it has experienced significant declines over the past week and month, and lower investor participation suggests ongoing challenges.

As of 10-Jun, Bihar Sponge Iron Ltd's stock price is rising, currently at 12.47, with a change of 0.19 (1.55%) upward. This increase follows a trend reversal after five consecutive days of decline, indicating a potential shift in market sentiment. Additionally, the stock has outperformed its sector by 3.63% today, suggesting a relative strength compared to its peers.<BR><BR>However, it is important to note that despite the current rise, the stock has shown a significant decline over the past week and month, with decreases of 9.96% and 15.63%, respectively. Furthermore, the stock is trading below its moving averages across various time frames, which typically indicates a bearish trend. There is also a notable drop in investor participation, with delivery volume falling by 63.7% compared to the five-day average, which could signal reduced interest among investors.<BR><BR>Overall, while the stock is experiencing a short-term rise today, the broader context shows ongoing challenges, including recent declines and lower investor engagement.

What does Bihar Sponge do?

Bihar Sponge Iron Ltd is a micro-cap company that produces sponge iron from iron ore and was the first merchant sponge iron plant in India. As of March 2026, it reported net sales of 17 Cr and a net profit of 1 Cr, with a market cap of INR 111 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>The company was incorporated on 16 April 1982 in Patna, Bihar. It is recognized as the first merchant sponge iron plant in India. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 17 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 1 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 111 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 10.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.72 <BR>Return on Equity: -33.31% <BR>Price to Book: -3.26 <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

Are Bihar Sponge Iron Ltd latest results good or bad?

Bihar Sponge Iron Ltd's latest results are concerning, showing an 80.62% decline in net sales and a deeply negative operating margin of -20.80%. The company's reliance on non-operating income for profitability and negative book value indicate significant financial distress and sustainability issues.

Bihar Sponge Iron Ltd's latest results are concerning and indicate significant operational distress. In the quarter ending March 2026, the company experienced a staggering 80.62% decline in net sales, dropping to ₹16.92 crores, which is the lowest quarterly sales figure in recent history. This dramatic collapse suggests severe production disruptions or a catastrophic drop in demand.<BR><BR>The operating margin, excluding other income, was deeply negative at -20.80%, reflecting ongoing issues with cost structure and operational efficiency. Although the company reported a net profit of ₹1.25 crores, this was entirely reliant on other income, which accounted for an alarming 444.80% of profit before tax. Without this non-operating income, the company would have faced substantial losses.<BR><BR>Furthermore, the financial health of Bihar Sponge Iron is troubling, with a negative book value of ₹-9.49 per share and a significant portion of promoter shares (52.05%) pledged, indicating financial stress at the ownership level. Overall, the results suggest that the company is in a precarious position, and the reliance on other income for profitability raises serious concerns about its sustainability moving forward.

Should I buy, sell or hold Bihar Sponge Iron Ltd?

When is the next results date for Bihar Sponge Iron Ltd?

The next results date for Bihar Sponge Iron Ltd is 29 May 2026.

The next results date for Bihar Sponge Iron Ltd is scheduled for 29 May 2026.

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.

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.

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.

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.

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.