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Last Updated: April 2, 2026, 4:16 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543211 | NSE: BONLON

Bonlon Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹39.04Fairly Valued by 5.80%vs CMP ₹36.90

P/E (24.3) × ROE (3.4%) × BV (₹58.60) × DY (2.00%)

₹60.72Undervalued by 64.55%vs CMP ₹36.90
MoS: +39.2% (Strong)Confidence: 37/100 (Low)Models: 3 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹40.3630%Fair (+9.4%)
Graham NumberEarnings₹48.1722%Under (+30.5%)
Net Asset ValueAssets₹50.7110%Under (+37.4%)
EV/EBITDAEnterprise₹29.9412%Over (-18.9%)
Earnings YieldEarnings₹17.6010%Over (-52.3%)
ROCE CapitalReturns₹4.2910%Over (-88.4%)
Revenue MultipleRevenue₹380.617%Under (+931.5%)
Consensus (7 models)₹60.72100%Undervalued
Key Drivers: ROE 3.4% is below cost of equity. | Wide model spread (₹4–₹381) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 3.4%

*Investments are subject to market risks

Investment Snapshot

52
Bonlon Industries Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health59/100 · Moderate
ROCE 5.0% WeakROE 3.4% WeakD/E 0.06 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 66.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 1% SteadyWorking capital: 18 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +17% YoY GrowingProfit (4Q): -19% YoY Declining
Industry Rank30/100 · Weak
P/E 24.3 vs industry 22.3 In-lineROCE 5.0% vs industry 8.8% Below peersROE 3.4% vs industry 7.1% Below peers3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Bonlon Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 24.3 vs Ind 22.3 | ROCE 5.0% | ROE 3.4% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.06x | IntCov 0.0x | Current 2.40x | Borrow/Reserve 0.59x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹3 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
-39
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -47.0% | Q NP +128.8% | Q OPM +1.9 pp
Derived FieldValueHow it is derived
Valuation Gap %+64.6%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.59xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+1,262Latest shareholder count minus previous count
Quarterly Sales Change-47.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+128.8%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.9 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:16 am

Market Cap 60.4 Cr.
Current Price 36.9
Intrinsic Value₹60.72
High / Low 74.0/28.3
Stock P/E24.3
Book Value 58.6
Dividend Yield0.00 %
ROCE5.04 %
ROE3.36 %
Face Value 10.0
PEG Ratio7.17

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bonlon Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bonlon Industries Ltd 60.4 Cr. 36.9 74.0/28.324.3 58.60.00 %5.04 %3.36 % 10.0
Tata Steel Ltd 2,42,929 Cr. 195 216/12424.8 76.11.85 %8.83 %3.89 % 1.00
Shyam Metalics & Energy Ltd 22,247 Cr. 797 1,001/73722.9 3950.56 %12.0 %8.99 % 10.0
Eastcoast Steel Ltd 9.05 Cr. 16.8 26.5/14.022.6 36.00.00 %2.65 %1.86 % 10.0
Aanchal Ispat Ltd 7.26 Cr. 25.6 25.6/3.8122.0 22.60.00 %10.2 %8.39 % 10.0
Industry Average47,622.23 Cr296.8422.32160.060.39%8.78%7.09%7.50

All Competitor Stocks of Bonlon Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 163.16163.0589.48130.7392.63118.64133.98204.65138.38146.08180.30242.00128.25
Expenses 162.58163.1888.14129.6790.73116.82132.03202.98136.32144.94175.01244.16126.93
Operating Profit 0.58-0.131.341.061.901.821.951.672.061.145.29-2.161.32
OPM % 0.36%-0.08%1.50%0.81%2.05%1.53%1.46%0.82%1.49%0.78%2.93%-0.89%1.03%
Other Income 0.240.310.170.06-0.190.040.010.010.030.270.420.340.49
Interest 0.200.250.330.400.300.290.440.660.400.440.660.670.64
Depreciation 0.410.430.360.450.490.480.370.390.420.430.320.340.35
Profit before tax 0.21-0.500.820.270.921.091.150.631.270.544.73-2.830.82
Tax % 19.05%-14.00%25.61%25.93%26.09%24.77%25.22%23.81%25.20%22.22%24.52%-25.09%25.61%
Net Profit 0.17-0.440.610.200.690.820.850.470.940.433.57-2.120.61
EPS in Rs 0.12-0.310.430.140.490.580.600.330.660.302.52-1.490.43

Last Updated: March 3, 2026, 11:38 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:55 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 143185133238242215244135388511431623697
Expenses 142183133238245222248135385508425616691
Operating Profit 0110-3-8-4033676
OPM % 0%1%0%0%-1%-4%-2%0%1%1%1%1%1%
Other Income 011131217311002
Interest 0100010011122
Depreciation 0110000011221
Profit before tax 00000312332343
Tax % 41%54%31%36%15%21%3%26%23%24%25%25%
Net Profit 00000312222232
EPS in Rs 0.530.400.670.530.932.5911.521.381.491.181.641.901.76
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)300.00%-83.33%0.00%0.00%0.00%50.00%
Change in YoY Net Profit Growth (%)0.00%-383.33%83.33%0.00%0.00%50.00%

Bonlon Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:21%
3 Years:17%
TTM:41%
Compounded Profit Growth
10 Years:36%
5 Years:28%
3 Years:8%
TTM:111%
Stock Price CAGR
10 Years:%
5 Years:18%
3 Years:-19%
1 Year:28%
Return on Equity
10 Years:2%
5 Years:3%
3 Years:3%
Last Year:3%

Last Updated: September 5, 2025, 2:46 pm

Balance Sheet

Last Updated: February 1, 2026, 4:29 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333310141414141414
Reserves 9910101050596162656769
Borrowings 12121070141615303141
Other Liabilities 293547302882331226241636
Total Liabilities 5359694941143109103117133128161
Fixed Assets 4433232911101522
CWIP 000000000005
Investments 0000061299996
Other Assets 4955664638134958498113104128
Total Assets 5359694941143109103117133128161

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 13-421-1813-359-43-45-9-1137
Cash from Investing Activity + -101-01-73-4010-3-20
Cash from Financing Activity + -126-2317-137-544345-214-1
Net Cash Flow 02-2-11-27-40-0015
Free Cash Flow 12-420-1814-459-43-52-12-1331
CFO/OP 4,833%-361%3,332%-34,880%-498%31%-1,306%-53,212%-1,432%-273%-172%546%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-12.00-11.00-9.00-7.00-3.00-8.00-5.00-4.00-13.00-12.00-24.00-24.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 497550405384736464722
Inventory Days 6171321521129268
Days Payable 7211446387921518205
Cash Conversion Cycle 499-477-12-364742375325
Working Capital Days 425172010-1010847404918
ROCE %1%4%2%3%-4%4%5%2%5%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Feb 2026
Promoters 64.37%64.37%64.37%63.91%63.91%66.74%66.74%66.74%66.74%66.74%66.74%66.74%
Public 35.62%35.63%35.62%36.08%36.08%33.27%33.26%33.25%33.27%33.26%33.25%33.26%
No. of Shareholders 7057921,0831,6611,8802,8263,4743,5704,2494,0795,4156,677

Shareholding Pattern Chart

No. of Shareholders

Bonlon Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 21Mar 20Mar 19
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.891.641.3911.513.79
Diluted EPS (Rs.) 1.891.641.3911.513.79
Cash EPS (Rs.) 3.032.901.6011.803.05
Book Value[Excl.RevalReserv]/Share (Rs.) 57.5755.6851.3757.9045.05
Book Value[Incl.RevalReserv]/Share (Rs.) 57.5755.6851.3757.9045.05
Revenue From Operations / Share (Rs.) 439.32304.22111.52233.07206.03
PBDIT / Share (Rs.) 5.034.382.2212.270.67
PBIT / Share (Rs.) 3.893.132.0111.980.33
PBT / Share (Rs.) 2.522.191.8711.813.38
Net Profit / Share (Rs.) 1.891.641.3911.512.71
NP After MI And SOA / Share (Rs.) 1.891.641.3911.512.71
PBDIT Margin (%) 1.141.441.995.260.32
PBIT Margin (%) 0.881.021.805.130.16
PBT Margin (%) 0.570.721.685.061.63
Net Profit Margin (%) 0.430.531.244.931.31
NP After MI And SOA Margin (%) 0.430.531.244.931.31
Return on Networth / Equity (%) 3.282.942.6919.876.00
Return on Capital Employeed (%) 6.475.523.9020.680.68
Return On Assets (%) 2.091.751.728.404.47
Long Term Debt / Equity (X) 0.040.010.000.000.06
Total Debt / Equity (X) 0.370.380.040.010.06
Asset Turnover Ratio (%) 4.770.001.072.364.15
Current Ratio (X) 2.392.142.151.042.40
Quick Ratio (X) 2.081.581.901.002.36
Inventory Turnover Ratio (X) 28.890.000.004.414.56
Interest Coverage Ratio (X) 3.684.6916.3575.531.00
Interest Coverage Ratio (Post Tax) (X) 2.392.7511.1971.87-0.50
Enterprise Value (Cr.) 41.5678.0023.560.000.00
EV / Net Operating Revenue (X) 0.060.180.140.000.00
EV / EBITDA (X) 5.8312.547.470.000.00
MarketCap / Net Operating Revenue (X) 0.060.110.160.000.00
Price / BV (X) 0.490.620.350.000.00
Price / Net Operating Revenue (X) 0.060.110.160.000.00
EarningsYield 0.060.040.070.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bonlon Industries Ltd. is a Public Limited Listed company incorporated on 21/01/1997 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L27108DL1998PLC097397 and registration number is 097397. Currently company belongs to the Industry of Steel. Company's Total Operating Revenue is Rs. 623.10 Cr. and Equity Capital is Rs. 14.18 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel7A/39 (12- First Floor), WEA Channa Market, New Delhi Delhi 110005Contact not found
Management
NamePosition Held
Mr. Arun Kumar JainManaging Director
Mr. Rajat JainWhole Time Director
Mrs. Smita JainNon Executive Director
Mrs. Bela Khattar ChauhanIndependent Director
Mr. Vineet GargIndependent Director
Ms. Siya SethIndependent Director

FAQ

What is the intrinsic value of Bonlon Industries Ltd and is it undervalued?

As of 05 April 2026, Bonlon Industries Ltd's intrinsic value is ₹60.72, which is 64.55% higher than the current market price of ₹36.90, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.36 %), book value (₹58.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bonlon Industries Ltd?

Bonlon Industries Ltd is trading at ₹36.90 as of 05 April 2026, with a FY2026-2027 high of ₹74.0 and low of ₹28.3. The stock is currently near its 52-week low. Market cap stands at ₹60.4 Cr..

How does Bonlon Industries Ltd's P/E ratio compare to its industry?

Bonlon Industries Ltd has a P/E ratio of 24.3, which is above the industry average of 22.32. The premium over industry average may reflect growth expectations or speculative interest.

Is Bonlon Industries Ltd financially healthy?

Key indicators for Bonlon Industries Ltd: ROCE of 5.04 % is on the lower side compared to the industry average of 8.78%; ROE of 3.36 % is below ideal levels (industry average: 7.09%). Dividend yield is 0.00 %.

Is Bonlon Industries Ltd profitable and how is the profit trend?

Bonlon Industries Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹623 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows an improving trend.

Does Bonlon Industries Ltd pay dividends?

Bonlon Industries Ltd has a dividend yield of 0.00 % at the current price of ₹36.90. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bonlon Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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