B&A Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 8:36 pm

Market Cap	163 Cr.
Current Price	525
High / Low	734/334
Stock P/E	11.8
Book Value	496
Dividend Yield	0.00 %
ROCE	8.52 %
ROE	5.55 %
Face Value	10.0
PEG Ratio	-3.26

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

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Goodricke Group Ltd	580 Cr.	269	357/159		145	0.00 %	14.8 %	25.0 %	10.0
Diana Tea Company Ltd	58.1 Cr.	38.7	53.8/23.5		48.9	0.00 %	3.15 %	0.32 %	5.00
Bengal Tea & Fabrics Ltd	155 Cr.	172	227/91.3		122	0.58 %	1.98 %	2.13 %	10.0
Bansisons Tea Industries Ltd	3.55 Cr.	5.61	8.90/3.34		9.35	0.00 %	2.66 %	2.66 %	10.0
B&A Ltd	163 Cr.	525	734/334	11.8	496	0.00 %	8.52 %	5.55 %	10.0
Industry Average	7,804.69 Cr	431.62		52.50	246.84	0.26%	8.47%	12.70%	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	45.52	106.22	97.84	40.79	64.94	108.56	80.30	38.42	54.33	101.81	96.26	37.71	50.51
Expenses	45.50	76.12	76.59	48.98	62.97	80.31	76.59	49.27	58.71	77.12	84.42	52.34	51.77
Operating Profit	0.02	30.10	21.25	-8.19	1.97	28.25	3.71	-10.85	-4.38	24.69	11.84	-14.63	-1.26
OPM %	0.04%	28.34%	21.72%	-20.08%	3.03%	26.02%	4.62%	-28.24%	-8.06%	24.25%	12.30%	-38.80%	-2.49%
Other Income	0.09	0.32	0.29	0.82	0.48	0.63	3.33	1.94	0.59	6.36	0.93	1.43	0.93
Interest	1.35	1.41	0.89	0.49	1.15	0.96	1.05	0.57	1.67	1.06	0.82	0.99	1.66
Depreciation	1.27	1.10	1.02	1.12	1.20	1.24	1.34	1.42	1.31	1.37	1.31	1.14	1.76
Profit before tax	-2.51	27.91	19.63	-8.98	0.10	26.68	4.65	-10.90	-6.77	28.62	10.64	-15.33	-3.75
Tax %	44.22%	6.06%	4.79%	62.69%	1,360.00%	6.18%	17.42%	26.61%	9.01%	6.46%	7.52%	2.74%	37.87%
Net Profit	-3.62	26.22	18.69	-14.62	-1.26	25.04	3.84	-13.81	-7.39	26.78	9.83	-15.74	-5.17
EPS in Rs	-14.13	80.81	59.94	-48.90	-7.10	78.29	10.58	-44.94	-25.19	82.26	29.94	-53.97	-19.84

Last Updated: October 7, 2024, 8:33 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:56 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	130	140	146	156	156	189	191	207	248	290	292	290	286
Expenses	108	116	125	134	138	166	173	190	216	247	269	273	266
Operating Profit	22	24	22	22	18	24	19	17	32	43	23	18	21
OPM %	17%	17%	15%	14%	11%	12%	10%	8%	13%	15%	8%	6%	7%
Other Income	1	1	1	1	1	0	1	1	2	2	6	9	10
Interest	9	7	6	5	5	5	6	6	5	4	4	5	5
Depreciation	3	3	3	3	4	4	5	5	5	5	5	5	6
Profit before tax	12	15	13	15	10	15	9	8	24	36	21	17	20
Tax %	26%	23%	21%	28%	30%	30%	26%	20%	30%	26%	33%	22%
Net Profit	9	11	10	11	7	11	6	6	17	27	14	13	16
EPS in Rs	28.55	35.55	31.29	31.65	18.97	29.97	16.19	13.10	46.16	77.71	36.84	33.03	38.39
Dividend Payout %	9%	8%	10%	9%	16%	10%	6%	0%	2%	3%	1%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	22.22%	-9.09%	10.00%	-36.36%	57.14%	-45.45%	0.00%	183.33%	58.82%	-48.15%	-7.14%
Change in YoY Net Profit Growth (%)	0.00%	-31.31%	19.09%	-46.36%	93.51%	-102.60%	45.45%	183.33%	-124.51%	-106.97%	41.01%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	9%
3 Years:	5%
TTM:	3%

Compounded Profit Growth
10 Years:	-4%
5 Years:	7%
3 Years:	-21%
TTM:	176%

Stock Price CAGR
10 Years:	13%
5 Years:	29%
3 Years:	36%
1 Year:	47%

Return on Equity
10 Years:	11%
5 Years:	12%
3 Years:	12%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:46 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	3	3	3	3	3	3	3	3	3	3	3	3	3
Reserves	58	68	74	83	59	67	70	73	88	111	119	129	151
Borrowings	45	44	42	38	46	42	45	36	41	24	30	49	70
Other Liabilities	35	34	37	42	44	51	59	52	54	60	65	71	79
Total Liabilities	142	149	156	166	152	163	177	165	186	199	217	252	303
Fixed Assets	97	100	100	102	65	78	82	82	84	86	89	117	117
CWIP	1	1	5	9	21	11	9	7	5	6	6	10	10
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	44	49	51	55	67	74	86	76	96	107	123	125	175
Total Assets	142	149	156	166	152	163	177	165	186	199	217	252	303

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 +	12	8	18	19	5	17	12	13	16	31	11	33
Cash from Investing Activity +	-9	-6	-10	-9	-8	-7	-7	-2	-6	-14	-16	-50
Cash from Financing Activity +	-6	-0	-9	-8	-7	-9	-9	-6	0	-5	-6	9
Net Cash Flow	-3	2	-1	1	-11	0	-4	5	10	12	-11	-9

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	-23.00	-20.00	-20.00	-16.00	-28.00	-18.00	-26.00	-19.00	-9.00	19.00	-7.00	-31.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	24	26	25	27	27	28	30	30	32	30	28	30
Inventory Days	107	107	121	115	163	138	171	112	280	342
Days Payable	142	111	125	142	109	99	102	69	130	155
Cash Conversion Cycle	-12	22	21	-0	81	68	100	72	182	216	28	30
Working Capital Days	-5	10	9	14	43	39	51	52	62	65	83	70
ROCE %	19%	19%	16%	16%	12%	18%	12%	11%	22%	27%	13%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	59.15%	59.15%	59.15%	59.15%	59.15%	59.15%	59.15%	59.15%	59.15%	59.15%	59.15%	59.15%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	40.85%	40.85%	40.84%	40.84%	40.84%	40.84%	40.85%	40.84%	40.85%	40.85%	40.85%	40.84%
No. of Shareholders	2,801	2,823	2,771	2,669	2,768	2,664	2,605	2,405	2,338	2,218	2,193	2,213

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.)	33.03	36.83	77.72	46.18	13.09
Diluted EPS (Rs.)	33.03	36.83	77.72	46.18	13.09
Cash EPS (Rs.)	60.08	61.28	100.61	70.41	34.87
Book Value[Excl.RevalReserv]/Share (Rs.)	493.75	451.57	419.66	336.27	278.98
Book Value[Incl.RevalReserv]/Share (Rs.)	493.75	451.57	419.66	336.27	278.98
Revenue From Operations / Share (Rs.)	935.85	942.66	936.71	795.72	667.80
PBDIT / Share (Rs.)	86.45	83.19	144.31	109.21	57.72
PBIT / Share (Rs.)	69.86	66.45	129.76	94.59	42.83
PBT / Share (Rs.)	55.23	66.19	116.35	79.01	24.96
Net Profit / Share (Rs.)	43.49	44.54	86.06	55.79	19.98
NP After MI And SOA / Share (Rs.)	33.03	36.83	77.72	46.17	13.09
PBDIT Margin (%)	9.23	8.82	15.40	13.72	8.64
PBIT Margin (%)	7.46	7.04	13.85	11.88	6.41
PBT Margin (%)	5.90	7.02	12.42	9.92	3.73
Net Profit Margin (%)	4.64	4.72	9.18	7.01	2.99
NP After MI And SOA Margin (%)	3.52	3.90	8.29	5.80	1.96
Return on Networth / Equity (%)	7.74	9.35	21.07	15.71	5.32
Return on Capital Employeed (%)	11.49	12.95	26.59	23.62	13.07
Return On Assets (%)	4.05	5.26	12.10	7.71	2.46
Long Term Debt / Equity (X)	0.10	0.01	0.04	0.05	0.00
Total Debt / Equity (X)	0.37	0.24	0.21	0.36	0.47
Asset Turnover Ratio (%)	1.24	1.40	1.08	1.06	0.90
Current Ratio (X)	1.82	1.96	1.96	1.34	0.95
Quick Ratio (X)	1.31	1.15	1.22	0.80	0.55
Inventory Turnover Ratio (X)	3.04	3.18	1.87	2.77	1.53
Dividend Payout Ratio (NP) (%)	1.51	5.43	1.28	0.00	7.63
Dividend Payout Ratio (CP) (%)	1.00	3.73	1.08	0.00	3.57
Earning Retention Ratio (%)	98.49	94.57	98.72	0.00	92.37
Cash Earning Retention Ratio (%)	99.00	96.27	98.92	0.00	96.43
Interest Coverage Ratio (X)	5.91	6.90	10.77	7.01	3.23
Interest Coverage Ratio (Post Tax) (X)	3.96	3.71	7.43	4.57	2.12
Enterprise Value (Cr.)	176.25	106.26	105.39	78.37	71.94
EV / Net Operating Revenue (X)	0.60	0.36	0.36	0.31	0.34
EV / EBITDA (X)	6.58	4.12	2.36	2.31	4.02
MarketCap / Net Operating Revenue (X)	0.47	0.25	0.27	0.18	0.14
Retention Ratios (%)	98.48	94.56	98.71	0.00	92.36
Price / BV (X)	1.04	0.61	0.68	0.50	0.38
Price / Net Operating Revenue (X)	0.47	0.25	0.27	0.18	0.14
EarningsYield	0.07	0.15	0.30	0.31	0.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 331.33

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 22, 2024, is Overvalued by 36.89% compared to the current share price 525.00

Intrinsic Value of as of December 22, 2024 is: 319.34

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 22, 2024, is Overvalued by 39.17% compared to the current share price 525.00

Last 5 Year EPS CAGR: -3.62%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.17%, which is a positive sign. The company has higher reserves (88.46 cr) compared to borrowings (42.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (209.31 cr) and profit (16.54 cr) over the years.	The stock has a high average Working Capital Days of 41.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 67.33, which may not be favorable.

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 :
1. Net Profit Margin: 4.64%
  - 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: 11.49% (Industry Average ROCE: 8.47%)
  - 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%: 7.74% (Industry Average ROE: 12.7%)
  - 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): 3.96
  - 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: 1.31
  - 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: 11.8 (Industry average Stock P/E: 52.5)
  - 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: 0.37
  - 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

B&A Ltd. is a Public Limited Listed company incorporated on 01/06/1915 and has its registered office in the State of Assam, India. Company’s Corporate Identification Number(CIN) is L01132AS1915PLC000200 and registration number is 000200. Currently Company is involved in the business activities of Processing and blending of tea including manufacture of instant tea. Company’s Total Operating Revenue is Rs. 163.39 Cr. and Equity Capital is Rs. 3.10 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Plantations - Tea & Coffee	Indu Bhawan, Mahatma Gandhi Road, Jorhat Assam 785001	investorrelations@bandaltd.in http://www.barooahs.com

Management
Name	Position Held
Mr. Robin Aidan Farley	Chairman
Mr. Somnath Chatterjee	Managing Director
Mr. Dhruba Jyoti Dowerah	Deputy Managing Director
Mr. Rajkamal Bhuyan	Director
Mr. Anjan Ghosh	Director
Mr. Parthapratim Sengupta	Director
Mr. Amit Chowdhuri	Director
Mr. Himangshu Sekhar Das	Director
Mr. Amit Kiran Deb	Director
Mrs. Mou Mukherjee	Director
Ms. Simeen Hossai	Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹331.33, which is 36.89% lower than the current market price of ₹525.00. The stock has a market capitalization of 163 Cr. and recorded a high/low of 734/334 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹151 Cr and total liabilities of ₹303 Cr.

What is the Market Cap of ?

The Market Cap of is 163 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 525.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 734/334.

What is the Stock P/E of ?

The Stock P/E of is 11.8.

What is the Book Value of ?

The Book Value of is 496.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 8.52 %.

What is the ROE of ?

The ROE of is 5.55 %.

What is the Face Value of ?

The Face Value of is 10.0.