Bihar Sponge Iron Ltd.

•

bsil.org.inBSE: -NSE: BIHARSPONG

Market Cap₹ 108 Cr.

Current Price

High / Low—

Stock P/E9.3

Book Value₹ -9

Price to Book-1.25

Dividend Yield0.00 %

ROCE0.0 %

ROE0.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Sponge Iron: 100.0%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company is almost debt free
Company generates healthy free cash flow
Company converts assets efficiently - asset turnover of 2.3x

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (287.7% of PBT)
Company has a low return on capital employed of 0.0%
Company has a low return on equity of 0.0% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel/Sponge Iron/Pig Iron

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JINDALSTEL	1142.00	42.86	116494.06	0.18	843.80	-43.60	15482.13	25.93	8.92	17.18
2.	LLOYDSME	1816.60	21.46	102257.68	0.06	1733.89	170.25	7354.40	209.39	27.59	38.26
3.	JAIBALAJI	67.46	21.01	6154.05	0.00	26.48	-82.71	1353.35	-13.06	9.63	5.31
4.	RSL	186.80	31.34	1561.04	0.27	20.20	144.24	306.54	23.65	31.72	9.37
5.	STEELXIND	12.18	400.21	1553.58	0.00	150.26	—	2697.14	—	11.97	12.70
6.	SALSTEEL	77.04	89.73	1115.28	0.00	30.90	419.54	873.70	584.29	4.89	15.51
7.	VRAJ	126.35	11.60	416.74	0.00	11.51	51.65	193.83	40.14	10.52	11.17
8.	VASWANI	47.00	0.00	154.85	0.00	2.52	—	91.74	—	9.77	5.72
9.	BIHARSPONG	12.01	9.27	108.34	0.00	2.48	17.03	0.00	-100.00	0.00	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48	74	70	74	104	64	53	98	78	64	87	17	0
	53	78	75	75	107	69	56	103	81	68	88	20	4
Operating Profit	-4	-4	-4	-1	-3	-5	-3	-4	-3	-4	-1	-4	-4
OPM %	-9.31%	-5.74%	-5.93%	-1.25%	-3.13%	-8.12%	-5.40%	-4.22%	-4.09%	-7.04%	-1.32%	-20.74%	—
	6	6	6	6	8	8	6	8	6	7	8	6	6
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	1	1	1	4	4	1	2	3	2	2	6	1	2
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	1	1	1	4	4	1	2	3	2	2	6	1	2
	0.08	0.13	0.13	0.50	0.41	0.16	0.21	0.37	0.23	0.19	0.69	0.14	0.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	0	0	0	0	0	22	86	463	267	319	168
	4	3	3	3	3	17	83	449	280	335	181
Operating Profit	-4	-3	-3	-3	-3	5	3	14	-14	-15	-13
OPM %	-10547.70%	—	—	—	—	23.97%	3.49%	3.05%	-5.19%	-4.85%	-7.78%
	2	3	8	7	6	2	8	2	26	30	28
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	4	4	4	4	3	3	3	4	4	4	4
Profit before Tax	-6	-4	-0	-0	-1	4	8	12	7	10	12
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-6	-4	-0	-0	-1	4	8	12	7	10	12
EPS	0.00	0.00	0.00	0.00	-0.09	0.44	0.92	1.35	0.83	1.15	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 55%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 8%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 0%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
	-173	-177	-177	-177	-178	-174	-166	-153	-146	-136
	67	62	63	63	61	62	63	96	94	91
Trade Payables	20	17	15	9	8	14	85	71	100	51
	82	80	77	77	76	72	71	61	44	35
Total Liabilities	86	73	68	63	58	65	143	164	182	132
	61	57	52	48	45	42	61	57	53	50
Capital Work in Progress	3	3	3	3	3	3	0	2	3	5
	7	6	6	5	4	3	42	64	88	41
	0	0	0	0	0	0	0	0	0	12
Cash & Bank	7	1	1	1	1	1	3	3	4	2
	8	6	7	6	6	16	36	38	34	22
Total Assets	86	73	68	63	58	65	143	164	182	132

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0	-3	1	-0	1	10	23	-15	19	8
Cash from Investing	1	1	0	0	0	-0	-18	-2	-2	-0
Cash from Financing	-3	-4	-0	0	-1	-9	-2	17	-17	-9
	-3	-6	0	0	-0	0	2	-1	1	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	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
	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.70	30.70	30.70	30.70	30.70	30.70	30.70	30.70	30.70

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for BIHARSPONG

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AI Stock Analyst

Bihar Sponge Iron Ltd.

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Name

JINDALSTEL

1142.00

42.86

116494.06

0.18

843.80

-43.60

15482.13

25.93

8.92

17.18

LLOYDSME

1816.60

21.46

102257.68

0.06

1733.89

170.25

7354.40

209.39

27.59

38.26

JAIBALAJI

67.46

21.01

6154.05

0.00

26.48

-82.71

1353.35

-13.06

9.63

5.31

RSL

186.80

31.34

1561.04

0.27

20.20

144.24

306.54

23.65

31.72

9.37

STEELXIND

12.18

400.21

1553.58

0.00

150.26

—

2697.14

—

11.97

12.70

SALSTEEL

77.04

89.73

1115.28

0.00

30.90

419.54

873.70

584.29

4.89

15.51

VRAJ

126.35

11.60

416.74

0.00

11.51

51.65

193.83

40.14

10.52

11.17

VASWANI

47.00

0.00

154.85

0.00

2.52

—

91.74

—

9.77

5.72

BIHARSPONG

12.01

9.27

108.34

0.00

2.48

17.03

0.00

-100.00

0.00

—

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

104

107

103

Operating Profit

-4

-1

-3

-5

-3

-4

-3

-4

-1

-4

OPM %

-9.31%

-5.74%

-5.93%

-1.25%

-3.13%

-8.12%

-5.40%

-4.22%

-4.09%

-7.04%

-1.32%

-20.74%

—

Interest

Depreciation

Profit before Tax

Tax %

0.00%

Net Profit

0.08

0.13

0.50

0.41

0.16

0.21

0.37

0.23

0.19

0.69

0.14

0.28

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

463

267

319

168

449

280

335

181

Operating Profit

-4

-3

-14

-15

-13

OPM %

-10547.70%

—

23.97%

3.49%

3.05%

-5.19%

-4.85%

-7.78%

Interest

Depreciation

Profit before Tax

-6

-4

-0

-1

Tax %

-0.00%

0.00%

Net Profit

-6

-4

-0

-1

EPS

0.00

-0.09

0.44

0.92

1.35

0.83

1.15

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

-173

-177

-178

-174

-166

-153

-146

-136

Trade Payables

100

Total Liabilities

143

164

182

132

Capital Work in Progress

Cash & Bank

Total Assets

143

164

182

132

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-0

-3

-0

-15

Cash from Investing

-0

-18

-2

-0

Cash from Financing

-3

-4

-0

-1

-9

-2

-17

-9

-3

-6

-0

-1

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

69.23

FIIs

0.00

0.07

Government

0.00

30.70

Bihar Sponge Iron Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Bihar Sponge Iron Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI