Is Tata Steel BSL a multibagger?

Is Tata Steel BSL a multibagger?

Tata Steel BSL was identified as a potential ‘MULTIBAGGER’ stock. Research Analyst Ashish Chaturvedi said that Tata acquired this company from IBC in 2018 and now it is a complete Tata subsidiary.

Is Tata Steel BSL debt free?

What Is Tata Steel BSL’s Debt? As you can see below, Tata Steel BSL had ₹50.3b of debt at September 2021, down from ₹159.3b a year prior. However, it does have ₹5.93b in cash offsetting this, leading to net debt of about ₹44.4b.

What happened to Tata Steel BSL?

The scheme of amalgamation was approved by the board of Tata Steel on April 25, 2019. Post regulatory approvals, the company announced that Tata Steel BSL (listed entity) will be amalgamated with Tata Steel at the ratio of 15:1. Note that, Tata Steel BSL shares will be suspended from trading from November 15.

Is it good to buy Bhushan Steel?

Tata Steel buying Bhushan Steel is a Good Start, But a Long Journey Awaits. This means banks will have to take a haircut of Rs 20,851 crore (Rs 56,051 crore minus Rs 35,200 crore) or 37\%, on the loans they had given to Bhushan Steel. 3) The banks have also been offered a 12.27\% stake in Bhushan Steel.

Why did Tata Steel BSL Fall 2014?

Shares of Bhushan Steel have tumbled 74.33\% from Rs 394.85 on 1 August 2014. Earlier this month, the Central Bureau of Investigation (CBI) arrested Bhushan Steel’s Vice Chairman and Managing Director Neeraj Singal in the Rs 50 lakh bribery scandal involving Syndicate Bank chairman S K Jain, who is also in custody.

Is Tata Steel BSL merger with Tata Steel?

The board of directors of Tata Steel BSL Limited has approved the merger of the company with Tata Steel Limited, a company statement said on Wednesday, November 3. The merger of the company is as per sanction of India’s National Company Law Tribunal, the company said.

What is PE of Tata Steel BSL?

Fundamentals

Mkt. Cap	₹9,333Cr	ROE
P/E Ratio	13.03	EPS(TTM)
P/B Ratio	2.52	Dividend Yield
Industry P/E	9.72	Book Value

Will Tata Steel BSL become Tata Steel?

The Board of Tata Steel BSL at its meeting held on 02 November 2021 has taken on record the order dated 29 October 2021 of the Hon’ble National Company Law Tribunal, Mumbai sanctioning the scheme of amalgamation of Bamnipal Steel and Tata Steel BSL into and with Tata Steel.

Is Tata Steel BSL good for investment?

Is Tata Steel BSL a good long term investment? Past 10 years financial track record analysis by Moneyworks4me indicates that Tata Steel BSL Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.

When Tata Steel take over Bhushan Steel?

18 May 2018
Tata Steel on 18 May 2018 announced the completion of its acquisition of the then Bhushan Steel (BSL) through its wholly owned subsidiary Bamnipal Steel Ltd (BNPL), wrapping up the resolution of the first case under Insolvency and Bankruptcy Code, 2016.

What is the merger ratio between Tata Steel and Tata Steel BSL?

Both boards have relied on valuation reports and fairness opinions provided by independent experts and recommend a merger ratio of 15 shares of Tata steel BSL for every one share of Tata Steel, the official statement said. (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets.

What is the arbitrage in Tata Steel?

The arbitrage involves selling one lot (1,061 shares) of Tata Steel May expiry futures and buying 15,915 shares (1061X15) of Tata BSL Steel on the cash market – the latter is not listed on the derivatives segment. At Rs 561 apiece, one lot of May futures was worth Rs 5.95 lakh.

What is BSL steel?

Bhushan Steel (BSL) is a source for vivid variety of products such as Cold Rolled Closed Annealed, Galvanized Coil and Sheet, High Tensile Steel Strapping, Colour Coated Coils , Galume Sheets and Coils, Hardened & Tempered Steel Strips , Billets, Sponge Iron, Precision Tubes and Wire Rod.