Bihar Sponge Iron share price, P/E, ROE & financials

Bihar Sponge Iron (BSE: BIHSPONG) had a P/E of 9.2× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 29% below their 52-week high. It earns ROCE of 22%, and sales and net profit fell 19% and 2.3% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹112 Cr. It is a small-cap company with a market cap of ₹108 Cr, ranked 103rd of 150 Steel companies by market cap; the shares fell 5.5% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹12.12
Day high: ₹12.12
Day low: ₹11.66
Prev. close: ₹11.98
Volume: 2.9K

Health check

5 to check

ReturnsBehind
−5.5% over a year, better than 0 of 7 peers.
Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
GrowthShrinking
Sales −19.1%, profit −2.3% a year over 3 years.
ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
Balance sheetStretched
Negative net worth: liabilities exceed assets.
Red flags3 to check
Negative net worth: liabilities exceed assets.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹108 Cr, #103 of 150 in its industry by size.

Defensive

Beta 0.42 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹168 Cr · profit ₹12 Cr

Market cap: ₹108 Cr; Small cap
P/E: 9.2; Industry 19.9
Price to book: −3.14; Peers 2.28
Dividend yield: 0.00%
ROE: n/a; Peers 23.4%
ROCE: 22.1%; Peers 18.7%
Debt to equity: n/a; Debt ₹112 Cr
EPS (TTM): ₹1.30
OPM (TTM): −61.2%; Net margin 7.0%
Sales growth: −91.8%; Latest quarter vs a year ago
Profit growth: +17.2%; Latest quarter vs a year ago
Price to sales: 0.64; EV/EBITDA −37.2

Strengths

Return on capital employed of 22.1%.

Risks to check

Negative net worth: liabilities exceed assets.
Quarterly sales down 91.8% on a year ago.
Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Bihar Sponge Iron

Bihar Sponge Iron Limited manufactures, produces, purchases, sells, and exports sponge iron in India. The company was incorporated in 1982 and is based in Chandil, India.

Headquarters: Chandil
Employees: 21
Sector: Basic Materials
ISIN: INE819C01011
Website: bsil.org.in

Price range

52 weeks

₹9.15₹16.78

Today

₹11.66₹12.12

Avg volume (3M): 24.5K
1-year return: minus 5.5%
From 52-week high: minus 28.8%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
BIHSPONGBihar Sponge Iron	11.95	minus 0.25%	108	9.2	–	22.1%	−61.2%	–	−19.1%	minus 5.5%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
77.5	63.8	87.3	16.9	–
78.2	65.8	86	19.5	–
−0.7	−2.1	1.3	−2.6	−2.8
−1.0%	−3.2%	1.5%	−15.5%	–
6.3	7.3	8.4	5.6	0.3
1	1	1	0.8	0.8
−2.4	−2.4	−2.4	−0.9	5.8
2.1	1.7	6.2	1.2	2.5
2.1	1.7	6.2	1.2	2.5
0.23	0.19	0.69	0.14	0.28

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −19.1%
Profit CAGR 3Y: −2.3%
EPS CAGR 3Y: −2.3%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
463	267	319	245
–	minus 42.5%	+19.8%	minus 23.1%
447	271	325	247
16.5	−4	−5.6	−1
3.6%	−1.5%	−1.8%	−0.4%
9.2	25.4	26.4	24.5
0.1	–	–	–
4.2	4.2	4	3.8
−9.2	−9.7	−6.3	−8.4
12.1	7.4	10.4	11.3
12.1	7.4	10.4	11.3
–	minus 38.7%	+39.6%	+8.9%
1.35	0.83	1.15	1.26

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
90.2	90.2	90.2	90.2
−153	−146	−136	−124
136	119	110	112
91.7	119	67.3	14.6
164	182	132	92.3
59	57.2	54.2	42.7
1.7	3.9	4.6	0.3
0.7	1.4	0.3	0.7
103	120	72.7	48.6
164	182	132	92.3

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−15.5	19.2	8.2	−2.9
−1.8	−1.6	−0.4	1.5
16.7	−16.9	−8.9	1.8
−0.6	0.6	−1.1	0.4
−1.8	−1.7	−2.2	−0.2
−17.3	17.5	6.1	−3.1

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 0.0% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you