Baroda Rayon Corporation Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 12:38 pm

Market Cap	405 Cr.
Current Price	177
High / Low	220/150
Stock P/E	28.1
Book Value	150
Dividend Yield	0.00 %
ROCE	1.77 %
ROE	2.20 %
Face Value	10.0
PEG Ratio	0.21

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Baroda Rayon Corporation Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Bhudevi Infra Projects Ltd	52.3 Cr.	114	114/27.2	28.9	0.50	0.00 %	68.0 %	423 %	10.0
Baroda Rayon Corporation Ltd	405 Cr.	177	220/150	28.1	150	0.00 %	1.77 %	2.20 %	10.0
Paras Petrofils Ltd	101 Cr.	3.03	4.63/2.14		0.62	0.00 %	3.51 %	4.08 %	1.00
JBF Industries Ltd	35.2 Cr.	4.30	/	0.32	348	0.00 %	%	%	10.0
Filatex India Ltd	2,741 Cr.	61.7	78.0/45.0	23.7	28.0	0.32 %	12.7 %	9.60 %	1.00
Industry Average	1,161.75 Cr	166.51		20.00	194.69	0.32%	17.92%	88.29%	7.00

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	0.00	0.00	0.00	0.00	13.80	0.00	7.53	37.11	54.26	6.41	9.04	7.13	10.49
Expenses	0.37	0.48	1.37	-329.46	12.20	0.78	-226.25	34.16	49.68	5.37	6.58	5.90	8.19
Operating Profit	-0.37	-0.48	-1.37	329.46	1.60	-0.78	233.78	2.95	4.58	1.04	2.46	1.23	2.30
OPM %					11.59%		3,104.65%	7.95%	8.44%	16.22%	27.21%	17.25%	21.93%
Other Income	7.50	12.93	5.50	27.54	6.77	6.32	6.72	22.12	4.37	9.58	9.29	4.44	4.08
Interest	0.28	2.09	2.03	1.73	1.79	1.55	1.30	2.07	0.77	0.54	0.36	1.03	0.04
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.01	0.01	0.02	0.02	0.04
Profit before tax	6.85	10.36	2.10	355.27	6.58	3.99	239.20	22.97	8.17	10.07	11.37	4.62	6.30
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	6.85	10.36	2.10	355.27	6.58	3.99	239.20	22.97	8.17	10.06	11.37	4.62	6.30
EPS in Rs	2.99	4.52	0.92	155.06	2.87	1.74	104.40	10.03	3.57	4.39	4.96	2.02	2.75

Last Updated: November 6, 2024, 7:12 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:55 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	0	0	0	0	0	0	0	0	0	0	58	77	33
Expenses	1	13	0	1	2	2	6	2	122	-327	-179	68	26
Operating Profit	-1	-13	-0	-1	-2	-2	-6	-2	-122	327	238	9	7
OPM %											406%	12%	21%
Other Income	0	19	0	0	3	-37	0	21	-1	53	42	28	27
Interest	4	6	0	0	1	1	0	0	1	6	7	3	2
Depreciation	3	3	3	3	0	0	0	0	0	0	0	0	0
Profit before tax	-8	-3	-4	-4	-0	-40	-6	18	-124	375	273	34	32
Tax %	-7%	0%	0%	0%	0%	0%	-1%	0%	0%	0%	0%	0%
Net Profit	-8	-3	-4	-4	-0	-40	-6	18	-124	375	273	34	32
EPS in Rs	-3.34	-1.46	-1.53	-1.82	-0.10	-17.34	-2.56	7.88	-53.97	163.50	119.04	14.94	14.12
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	62.50%	-33.33%	0.00%	100.00%	85.00%	400.00%	-788.89%	402.42%	-27.20%	-87.55%
Change in YoY Net Profit Growth (%)	0.00%	-95.83%	33.33%	100.00%	-15.00%	315.00%	-1188.89%	1191.31%	-429.62%	-60.35%

Baroda Rayon Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-58%

Compounded Profit Growth
10 Years:	9%
5 Years:	26%
3 Years:	27%
TTM:	-94%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-10%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	2%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:08 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	23	23	23	23	23	23	23	23	23	23	23	23	23
Reserves	-147	-161	-175	-199	-214	-261	-267	-249	-373	2	275	309	321
Borrowings	41	149	71	78	211	215	224	228	242	295	245	211	232
Other Liabilities	267	160	238	253	118	116	112	89	209	95	94	98	108
Total Liabilities	183	170	157	155	139	93	92	92	102	415	637	642	683
Fixed Assets	172	158	145	122	108	63	63	63	41	2	3	3	20
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	6	6	6	6	6	6	6	6	6	7	7	1	1
Other Assets	4	6	6	26	25	24	23	23	55	406	627	638	663
Total Assets	183	170	157	155	139	93	92	92	102	415	637	642	683

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	77	-127	77	-6	-133	-3	-9	-4	-17	-85	22	-3
Cash from Investing Activity +	0	0	0	0	0	0	0	0	3	40	25	8
Cash from Financing Activity +	-78	126	-77	6	133	3	9	4	13	46	-40	-12
Net Cash Flow	-2	-0	0	0	-0	0	0	0	-0	1	7	-6

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-42.00	-162.00	-71.00	-79.00	-213.00	-217.00	-230.00	-230.00	-364.00	32.00	-7.00	-202.00

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

Month	Mar 2022	Mar 2023	Mar 2024
Debtor Days		116	92
Inventory Days			3,304
Days Payable			22
Cash Conversion Cycle		116	3,374
Working Capital Days		3,240	2,528
ROCE %	308%	55%	3%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	47.54%	47.54%	47.54%	47.54%	47.55%	67.53%	67.53%	67.53%	67.52%	67.52%	67.52%	67.52%
FIIs	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
DIIs	1.49%	1.49%	1.49%	1.48%	1.11%	1.08%	1.08%	1.08%	1.08%	1.02%	1.02%	1.02%
Public	50.97%	50.97%	50.97%	50.97%	51.32%	31.38%	31.38%	31.37%	31.37%	31.45%	31.45%	31.45%
No. of Shareholders	78,838	78,835	78,810	78,667	79,728	85,212	84,763	84,410	83,047	81,886	80,737	79,992

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	14.94	119.04	163.49	-53.97	7.88
Diluted EPS (Rs.)	14.94	111.73	158.04	-53.97	7.88
Cash EPS (Rs.)	14.96	119.06	163.49	-53.97	7.88
Book Value[Excl.RevalReserv]/Share (Rs.)	144.89	129.95	10.91	-152.59	-98.61
Book Value[Incl.RevalReserv]/Share (Rs.)	144.89	129.95	10.91	-152.59	-98.61
Revenue From Operations / Share (Rs.)	33.53	25.51	0.00	0.00	0.00
PBDIT / Share (Rs.)	7.96	114.68	160.72	-52.06	-0.93
PBIT / Share (Rs.)	7.93	114.66	160.72	-52.06	-0.93
PBT / Share (Rs.)	14.94	119.04	163.49	-53.97	7.88
Net Profit / Share (Rs.)	14.94	119.04	163.49	-53.97	7.88
PBDIT Margin (%)	23.73	449.58	0.00	0.00	0.00
PBIT Margin (%)	23.65	449.52	0.00	0.00	0.00
PBT Margin (%)	44.54	466.70	0.00	0.00	0.00
Net Profit Margin (%)	44.54	466.70	0.00	0.00	0.00
Return on Networth / Equity (%)	10.30	91.60	1498.92	0.00	-7.98
Return on Capital Employeed (%)	3.53	54.97	147.19	80.84	6.02
Return On Assets (%)	5.33	42.39	90.25	-120.81	19.69
Long Term Debt / Equity (X)	0.54	0.60	9.01	-0.57	-0.84
Total Debt / Equity (X)	0.63	0.82	11.81	-0.69	-1.01
Asset Turnover Ratio (%)	0.11	0.11	0.00	0.00	0.00
Current Ratio (X)	4.95	3.79	2.42	0.20	0.15
Quick Ratio (X)	0.38	0.31	0.16	0.20	0.15
Inventory Turnover Ratio (X)	0.12	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	6.77	39.15	60.08	-212.09	-5.54
Interest Coverage Ratio (Post Tax) (X)	6.75	39.14	60.08	-212.09	-5.54
Enterprise Value (Cr.)	575.72	585.61	300.48	0.00	0.00
EV / Net Operating Revenue (X)	7.49	10.02	0.00	0.00	0.00
EV / EBITDA (X)	31.57	2.23	0.81	0.00	0.00
MarketCap / Net Operating Revenue (X)	4.77	5.97	0.00	0.00	0.00
Price / BV (X)	1.10	1.17	0.27	0.00	0.00
Price / Net Operating Revenue (X)	4.77	5.97	0.00	0.00	0.00
EarningsYield	0.09	0.78	55.42	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Baroda Rayon Corporation Ltd as of December 26, 2024 is: 94.58

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 26, 2024, Baroda Rayon Corporation Ltd is Overvalued by 46.56% compared to the current share price 177.00

Intrinsic Value of Baroda Rayon Corporation Ltd as of December 26, 2024 is: 220.64

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 26, 2024, Baroda Rayon Corporation Ltd is Undervalued by 24.66% compared to the current share price 177.00

Last 5 Year EPS CAGR: 133.28%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 30.50%, which is a positive sign. The stock has a low average Working Capital Days of 0.42, which is a positive sign. The company has shown consistent growth in sales (12.92 cr) and profit (41.77 cr) over the years.	The stock has a high average Cash Conversion Cycle of 9.92, which may not be favorable. The company has higher borrowings (187.85) compared to reserves (-87.62), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Baroda Rayon Corporation Ltd:
1. Net Profit Margin: 44.54%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 3.53% (Industry Average ROCE: 17.92%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 10.3% (Industry Average ROE: 88.29%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 6.75
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.38
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 28.1 (Industry average Stock P/E: 20)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.63
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Baroda Rayon Corporation Ltd. is a Public Limited Listed company incorporated on 30/06/1958 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is U99999MH1958PLC011101 and registration number is 011101. Currently company belongs to the Industry of Textiles - Manmade Fibre - PFY/PSF. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 22.91 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Textiles - Manmade Fibre - PFY/PSF	P.O. Fatehnagar, Udhna, Surat Gujarat 394220	brcsurat@gmail.com www.brcl.in

Management
Name	Position Held
Mr. Damodarbhai B Patel	Chairman & Managing Director
Mr. Viral D Bhavani	Whole Time Director
Mr. Bhavanjibhai H Patel	Independent Director
Mr. Bhaveshbhai V Patel	Independent Director
Mr. Jayantilal D Patel	Independent Director
Mrs. Vidhya V Bhavani	Non Executive Director
Mr. Chimanlal N Patel	Addnl.Non Exe.Independent Director
Mr. Zaverilal M Ramani	Addnl.Non Exe.Independent Director
Mr. Rameshbhai Valjibhai Patel	Addnl.Non Exe.Independent Director

FAQ

What is the latest intrinsic value of Baroda Rayon Corporation Ltd?

The latest intrinsic value of Baroda Rayon Corporation Ltd as on 25 December 2024 is ₹94.58, which is 46.56% lower than the current market price of ₹177.00. The stock has a market capitalization of 405 Cr. and recorded a high/low of 220/150 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹321 Cr and total liabilities of ₹683 Cr.

What is the Market Cap of Baroda Rayon Corporation Ltd?

The Market Cap of Baroda Rayon Corporation Ltd is 405 Cr..

What is the current Stock Price of Baroda Rayon Corporation Ltd as on 25 December 2024?

The current stock price of Baroda Rayon Corporation Ltd as on 25 December 2024 is 177.

What is the High / Low of Baroda Rayon Corporation Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Baroda Rayon Corporation Ltd stocks is 220/150.

What is the Stock P/E of Baroda Rayon Corporation Ltd?

The Stock P/E of Baroda Rayon Corporation Ltd is 28.1.

What is the Book Value of Baroda Rayon Corporation Ltd?

The Book Value of Baroda Rayon Corporation Ltd is 150.

What is the Dividend Yield of Baroda Rayon Corporation Ltd?

The Dividend Yield of Baroda Rayon Corporation Ltd is 0.00 %.

What is the ROCE of Baroda Rayon Corporation Ltd?

The ROCE of Baroda Rayon Corporation Ltd is 1.77 %.

What is the ROE of Baroda Rayon Corporation Ltd?

The ROE of Baroda Rayon Corporation Ltd is 2.20 %.

What is the Face Value of Baroda Rayon Corporation Ltd?

The Face Value of Baroda Rayon Corporation Ltd is 10.0.