Bihar Sponge Iron Ltd

BIHARSPONG

Watchlist

AI Mode

‌

Market Cap

₹ 102 Cr

P/E

11.22

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

EXCEPTIONAL

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Bihar Sponge Iron Limited is an Indo-German venture established in 1982, specializing in sponge iron production.

The company operates a plant in Jharkhand with an annual capacity of 2,10,000 MT, catering to secondary steel producers in construction and infrastructure sectors.

After financial challenges leading to BIFR involvement, the company has revitalized its operations, handing over plant possession to Vanraj Steels for operational management.

The company operates a 5 MW captive power plant and sources additional power from Jharkhand State Electricity Board due to high coal prices, controlling costs.

Recent strategic shifts include collaboration with Vanraj Steels, supporting operational reset and revenue generation.

Sector

Steel

Industry

Steel - Sponge Iron

Market Cap

102 Cr

Volatility

Moderate Risk

P/E Ratio

11.2

Industry P/E

16.2

PEG Ratio

1.4

P/B Ratio

—

52W High

20.23

52W Low

10.11

Sales CAGR

19.79%

53.19%

—

10Y

176.19%

Profit CAGR

39.65%

7.93%

—

10Y

—

ROE

TTM

-21.96%

-18.24%

-13.06%

10Y

-4.18%

ROCE

TTM

12.04%

24.92%

46.66%

10Y

-515.39%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VRAJ	122.60	404 Cr	12.03	0.98	0.00	8.13	10.54	7.23
SALSTEEL	37.35	389 Cr	—	5.77	0.00	-29.24	3.80	-4.20
CMNL	125.00	302 Cr	31.02	3.03	0.00	1.09	2.39	0.17
VASWANI	61.76	204 Cr	26.89	2.10	0.00	—	—	0.00
SHKSIL	55.35	106 Cr	11.56	1.03	0.00	0.00	0.00	6.98
BIHARSPONG	11.33	102 Cr	11.22	0.00	0.00	-21.96	12.04	6.74
NOVAIRNSTL	13.36	48 Cr	—	0.00	0.00	82.23	-3.05	47.86

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	48	74	70	74	104	64	53	98	78	64
Expenses	53	78	75	75	107	69	56	103	81	68
Operating Profit	-4.50	-4.23	-4.17	-0.93	-3.25	-5.18	-2.88	-4.17	-3.16	-4.49
OPM %	-9.31	-5.74	-5.92	-1.25	-3.13	-8.12	-5.40	-4.23	-4.08	-7.04
Other Income	6.25	6.43	6.37	6.47	8.00	7.70	5.83	8.38	6.29	7.25
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	1.06	1.06	1.06	1.05	1.06	1.06	1.06	0.85	1.01	1.01
Profit Before Tax	0.68	1.14	1.13	4.49	3.69	1.46	1.89	3.36	2.12	1.75
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.68	1.14	1.13	4.49	3.69	1.46	1.89	3.36	2.12	1.75
EPS in Rs	0.08	0.13	0.13	0.50	0.41	0.16	0.21	0.37	0.23	0.19

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	0.00	0.00	0.00	26	102	547	313	367	293
Expenses	2.71	3.02	3.08	3.40	17	83	449	280	335	308
Operating Profit	-2.71	-3.02	-3.08	-3.40	9.27	19	98	32	32	-15
OPM %	—	—	—	—	35.58	18.21	17.84	10.35	8.63	-5.25
Other Income	3.44	7.60	7.34	5.88	1.83	8.28	2.41	26	30	28
Interest	0.15	0.39	0.09	0.01	0.25	0.03	0.15	0.00	0.00	0.00
Depreciation	4.35	4.31	4.29	3.29	2.92	2.99	4.25	4.23	4.03	3.98
Profit Before Tax	-3.77	-0.12	-0.11	-0.83	3.96	8.27	12	7.44	10	8.83
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-3.77	-0.12	-0.11	-0.83	3.96	8.27	12	7.44	10	8.83
EPS in Rs	-0.42	-0.01	-0.01	-0.08	0.45	0.92	1.35	0.84	1.15	1.00
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	90	90	90	90	90	90	90	90	90	90
Reserves	-173	-177	-177	-177	-178	-174	-166	-153	-146	-136
Borrowings	66	62	62	62	61	121	119	136	119	110
Other Liabilities	103	98	93	88	85	27	100	92	119	67
Total Liabilities	86	73	68	63	58	65	143	164	182	132
Fixed Assets	61	57	52	48	45	42	61	57	53	50
CWIP	3.29	3.29	3.29	2.82	2.82	2.82	0.00	1.61	3.11	4.64
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	21	13	13	12	11	20	82	105	126	78
Total Assets	86	73	68	63	58	65	143	164	182	132

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.82	-2.80	0.37	-0.18	0.96	9.93	23	-16	19	8.24
Cash from Investing Activity	0.77	0.69	0.01	0.00	0.00	-0.05	-18	-1.78	-1.62	-0.42
Cash from Financing Activity	-2.98	-4.25	-0.24	0.30	-1.40	-9.50	-2.36	17	-17	-8.94
Net Cash Flow	-3.02	-6.37	0.14	0.13	-0.43	0.38	2.49	-0.59	0.63	-1.12

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%	69.23%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Public	30.70%	30.70%	30.70%	30.70%	30.70%	30.70%	30.70%	30.70%	30.70%	30.70%	30.70%	30.70%
Total Shareholders	57,267	57,049	56,983	58,529	58,894	59,618	59,207	59,958	60,270	60,302	60,041	59,710

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VRAJ	122.60	404 Cr	12.03	0.98	0.00	8.13	10.54	7.23
SALSTEEL	37.35	389 Cr	—	5.77	0.00	-29.24	3.80	-4.20
CMNL	125.00	302 Cr	31.02	3.03	0.00	1.09	2.39	0.17
VASWANI	61.76	204 Cr	26.89	2.10	0.00	—	—	0.00
SHKSIL	55.35	106 Cr	11.56	1.03	0.00	0.00	0.00	6.98
BIHARSPONG	11.33	102 Cr	11.22	0.00	0.00	-21.96	12.04	6.74
NOVAIRNSTL	13.36	48 Cr	—	0.00	0.00	82.23	-3.05	47.86

Overview

Detailed Summary

Bihar Sponge Iron Limited is an Indo-German venture established in 1982, specializing in sponge iron production.

The company operates a plant in Jharkhand with an annual capacity of 2,10,000 MT, catering to secondary steel producers in construction and infrastructure sectors.

After financial challenges leading to BIFR involvement, the company has revitalized its operations, handing over plant possession to Vanraj Steels for operational management.

The company operates a 5 MW captive power plant and sources additional power from Jharkhand State Electricity Board due to high coal prices, controlling costs.

Recent strategic shifts include collaboration with Vanraj Steels, supporting operational reset and revenue generation.

Sector

Steel

Industry

Steel - Sponge Iron

Market Cap

102 Cr

Volatility

Moderate Risk

P/E Ratio

11.2

Industry P/E

16.2

PEG Ratio

1.4

P/B Ratio

—

52W High

20.23

52W Low

10.11

Sales CAGR

19.79%

53.19%

—

10Y

176.19%

Profit CAGR

39.65%

7.93%

—

10Y

—

ROE

TTM

-21.96%

-18.24%

-13.06%

10Y

-4.18%

ROCE

TTM

12.04%

24.92%

46.66%

10Y

-515.39%