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Bihar Sponge Iron Ltd
BSE:500058

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Bihar Sponge Iron Ltd
BSE:500058
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Price: 14.48 INR -1.36% Market Closed
Market Cap: ₹1.3B

P/B

-3.1
Current
28%
More Expensive
vs 3-y average of -2.5

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
-3.1
=
Market Cap
₹1.1B
/
Total Equity
₹-414.9m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
-3.1
=
Market Cap
₹1.1B
/
Total Equity
₹-414.9m

Valuation Scenarios

Bihar Sponge Iron Ltd is trading above its industry average

If P/B returns to its Industry Average (2.9), the stock would be worth ₹-13.11 (191% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-203%
Maximum Upside
No Upside Scenarios
Average Downside
197%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple -3.1 ₹14.48
0%
Industry Average 2.9 ₹-13.11
-191%
Country Average 3.3 ₹-14.95
-203%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
IN
Bihar Sponge Iron Ltd
BSE:500058
1.3B INR -3.1 9.7
ZA
Kumba Iron Ore Ltd
JSE:KIO
99.5B ZAR 1.8 6.8
BR
Vale SA
BOVESPA:VALE3
365B BRL 2 26.2
US
Nucor Corp
NYSE:NUE
49.2B USD 2.5 29.8
LU
ArcelorMittal SA
AEX:MT
37.5B EUR 0.8 13.7
AU
Fortescue Metals Group Ltd
ASX:FMG
60.9B AUD 2 11.2
AU
Fortescue Ltd
XMUN:FVJ
37.2B EUR 2.1 11.5
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 3.8 41.8
US
Steel Dynamics Inc
NASDAQ:STLD
32.6B USD 3.6 24
IN
Tata Steel Ltd
NSE:TATASTEEL
2.7T INR 2.8 29.2
KR
Posco Holdings Inc
KRX:005490
31.6T KRW 0.6 48

Market Distribution

Lower than 100% of companies in India
Percentile
0th
Based on 2 820 companies
0th percentile
-3.1
Low
0 — 2.1
Typical Range
2.1 — 5.5
High
5.5 —
Distribution Statistics
India
Min 0
30th Percentile 2.1
Median 3.3
70th Percentile 5.5
Max 4 699.1

Bihar Sponge Iron Ltd
Glance View

Market Cap
1.3B INR
Industry
Metals & Mining

Bihar Sponge Iron Ltd. engages in the manufacture and sale of sponge iron. The company is headquartered in Kharsawan, Jharkhand. The firm is involved in manufacturing, producing, purchasing, exporting, selling and dealing of pre-reduced form of iron, including sponge iron. The firm produces sponge iron from indigenous iron ore and non-coking coal. The firm's primary product, sponge iron, is a pre-reduced ferrous material, which is used in the place of steel scrap by secondary steel producers operating induction and electric arc furnaces in the construction and infrastructure sectors. The firm has a five mega watt power plant. The firm produces sponge iron from approximately three kilns with an installed capacity of 2.10 lakh metric ton per annum.

BIHSPONG Intrinsic Value
21.01 INR
Undervaluation 31%
Intrinsic Value
Price ₹14.48
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