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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 508136 | NSE: BNALTD

Fundamental Analysis of B&A Ltd

Basic Stock Data

Last Updated: April 19, 2024, 11:11 pm

Market Cap 185 Cr.
Current Price 598
High / Low614/217
Stock P/E14.2
Book Value 451
Dividend Yield0.08 %
ROCE12.7 %
ROE7.89 %
Face Value 10.0

Data Source: screener.in

Competitors of B&A Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dhunseri Tea & Industries Ltd 210 Cr. 200275/184 6451.50 %2.10 %2.96 % 10.0
The Grob Tea Co Ltd 109 Cr. 9341,087/735 7680.21 %4.74 %0.74 % 10.0
United Nilgiri Tea Estates Company Ltd (UNITEDTEA) 169 Cr. 339384/25610.7 3960.80 %7.72 %6.23 % 10.0
Asian Tea & Exports Ltd 28.4 Cr. 14.219.9/10.145.1 30.50.00 %4.62 %2.38 % 10.0
Tata Coffee Ltd 6,440 Cr. 345347/20435.8 99.30.87 %9.78 %10.1 % 1.00
Industry Average1,391.28 Cr366.4418.32387.760.68%5.79%4.48%8.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales74.3345.0645.52106.2297.8440.7964.94108.5680.3038.4254.33101.8196.26
Expenses62.5356.1045.5076.1276.5948.9862.9780.3176.5949.2758.7177.1284.42
Operating Profit11.80-11.040.0230.1021.25-8.191.9728.253.71-10.85-4.3824.6911.84
OPM %15.88%-24.50%0.04%28.34%21.72%-20.08%3.03%26.02%4.62%-28.24%-8.06%24.25%12.30%
Other Income0.161.690.090.320.290.820.480.633.331.940.596.360.93
Interest1.310.951.351.410.890.491.150.961.050.571.671.060.82
Depreciation1.200.951.271.101.021.121.201.241.341.421.311.371.31
Profit before tax9.45-11.25-2.5127.9119.63-8.980.1026.684.65-10.90-6.7728.6210.64
Tax %13.54%-28.44%-44.22%6.06%4.79%-62.69%1,360.00%6.18%17.42%-26.61%-9.01%6.46%7.52%
Net Profit8.16-14.46-3.6226.2218.69-14.62-1.2625.043.84-13.81-7.3926.789.83
EPS in Rs23.77-47.26-14.1380.8159.94-48.90-7.1078.2910.58-44.94-25.1982.2629.94

Last Updated: April 10, 2024, 6:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 5:10 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales111130140146156156189191207248290292291
Expenses91108116125134138166173190216247269270
Operating Profit21222422221824191732432321
OPM %18%17%17%15%14%11%12%10%8%13%15%8%7%
Other Income11111101122610
Interest7976555665444
Depreciation2333344555555
Profit before tax131215131510159824362122
Tax %27%26%23%21%28%30%30%26%20%30%26%33%
Net Profit991110117116617271415
EPS in Rs28.1328.5535.5531.2931.6518.9729.9716.1913.1046.1677.7136.8442.07
Dividend Payout %7%9%8%10%9%16%10%6%0%2%3%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%22.22%-9.09%10.00%-36.36%57.14%-45.45%0.00%183.33%58.82%-48.15%
Change in YoY Net Profit Growth (%)0.00%22.22%-31.31%19.09%-46.36%93.51%-102.60%45.45%183.33%-124.51%-106.97%

Growth

Compounded Sales Growth
10 Years:8%
5 Years:9%
3 Years:12%
TTM:-1%
Compounded Profit Growth
10 Years:1%
5 Years:0%
3 Years:32%
TTM:33%
Stock Price CAGR
10 Years:16%
5 Years:28%
3 Years:57%
1 Year:121%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:16%
Last Year:8%

Last Updated: April 16, 2024, 1:26 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3333333333333
Reserves50586874835967707388111119137
Borrowings49454442384642453641243036
Other Liabilities37353437424451595254606568
Total Liabilities139142149156166152163177165186199217245
Fixed Assets80971001001026578828284868987
CWIP1111592111975667
Investments0000000000000
Other Assets49444951556774867696107123151
Total Assets139142149156166152163177165186199217245

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1112818195171213163111
Cash from Investing Activity -20-9-6-10-9-8-7-7-2-6-14-16
Cash from Financing Activity 12-6-0-9-8-7-9-9-60-5-6
Net Cash Flow3-32-11-110-451012-11

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-28.00-23.00-20.00-20.00-16.00-28.00-18.00-26.00-19.00-9.0019.00-7.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days222426252727283030323028
Inventory Days127107107121115163138171112280342428
Days Payable1441421111251421099910269130155182
Cash Conversion Cycle5-122221-0816810072182216275
Working Capital Days8-51091443395152626583
ROCE %20%19%19%16%16%12%18%12%11%22%27%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.15%59.15%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public40.85%40.85%40.85%40.85%40.85%40.84%40.84%40.84%40.84%40.85%40.84%40.85%
No. of Shareholders2,4962,7712,8332,8012,8232,7712,6692,7682,6642,6052,4052,338

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)36.8377.7246.1813.0916.20
Diluted EPS (Rs.)36.8377.7246.1813.0916.20
Cash EPS (Rs.)61.28100.6170.4134.8736.19
Book Value[Excl.RevalReserv]/Share (Rs.)451.57419.66336.27278.98261.06
Book Value[Incl.RevalReserv]/Share (Rs.)451.57419.66336.27278.98261.06
Revenue From Operations / Share (Rs.)942.66936.71795.72667.80616.25
PBDIT / Share (Rs.)83.19144.31109.2157.7261.70
PBIT / Share (Rs.)66.45129.7694.5942.8346.10
PBT / Share (Rs.)66.19116.3579.0124.9628.00
Net Profit / Share (Rs.)44.5486.0655.7919.9820.59
NP After MI And SOA / Share (Rs.)36.8377.7246.1713.0916.20
PBDIT Margin (%)8.8215.4013.728.6410.01
PBIT Margin (%)7.0413.8511.886.417.48
PBT Margin (%)7.0212.429.923.734.54
Net Profit Margin (%)4.729.187.012.993.34
NP After MI And SOA Margin (%)3.908.295.801.962.62
Return on Networth / Equity (%)9.3521.0715.715.326.90
Return on Capital Employeed (%)12.9526.5923.6213.0714.78
Return On Assets (%)5.2612.107.712.462.83
Long Term Debt / Equity (X)0.010.040.050.000.01
Total Debt / Equity (X)0.240.210.360.470.59
Asset Turnover Ratio (%)1.401.081.060.900.84
Current Ratio (X)1.961.961.340.950.88
Quick Ratio (X)1.151.220.800.550.45
Inventory Turnover Ratio (X)3.181.872.771.531.42
Dividend Payout Ratio (NP) (%)5.431.280.007.6318.51
Dividend Payout Ratio (CP) (%)3.731.080.003.579.43
Earning Retention Ratio (%)94.5798.720.0092.3781.49
Cash Earning Retention Ratio (%)96.2798.920.0096.4390.57
Interest Coverage Ratio (X)6.9010.777.013.233.41
Interest Coverage Ratio (Post Tax) (X)3.717.434.572.122.14
Enterprise Value (Cr.)106.26105.3978.3771.9494.30
EV / Net Operating Revenue (X)0.360.360.310.340.49
EV / EBITDA (X)4.122.362.314.024.93
MarketCap / Net Operating Revenue (X)0.250.270.180.140.25
Retention Ratios (%)94.5698.710.0092.3681.48
Price / BV (X)0.610.680.500.380.68
Price / Net Operating Revenue (X)0.250.270.180.140.25
EarningsYield0.150.300.310.130.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 505.70

The stock is overvalued by 15.44% compared to the current price ₹598

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.08%, which is a positive sign.
  2. The company has higher reserves (81.31 cr) compared to borrowings (39.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (195.92 cr) and profit (16.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 35.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 85.83, which may not be favorable.

Stock Analysis

  • Based on the analysis of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in B&A Ltd:
    1. Net Profit Margin: 4.72% (Higher values are generally favorable)
      • 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: 12.95% (Industry Average ROCE: 4.72%)
      • 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%: 9.35% (Industry Average ROE: 3.95%)
      • 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): 3.71 (Higher values, preferably > 2, are recommended)
      • 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: 1.15 (Higher values, preferably > 1, are recommended)
      • 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: 14.2 (Industry average Stock P/E: 78.9)
      • 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: 0.24 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.
    Stock Rating: ★★★★★

About the Company

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.
INDUSTRYADDRESSCONTACT
Plantations - Tea & CoffeeIndu Bhawan, Mahatma Gandhi Road, Jorhat Assam 785001investorrelations@bandaltd.in
http://www.barooahs.com
Management
NamePosition Held
Mrs. Anuradha FarleyChairman
Mr. Somnath ChatterjeeManaging Director
Mr. Anjan GhoshDirector
Mr. Raj Kamal BhuyanDirector
Mr. Robin Aidan FarleyDirector
Mr. Basant Kumar GoswamiDirector
Mr. Amit ChowdhuriDirector
Mr. Himangshu Sekhar DasDirector
Mr. Amit Kiran DebDirector
Mrs. Mou MukherjeeDirector
Ms. Simeen HossaiDirector

B&A Ltd. Share Price Update

Share PriceValue
Today₹597.75
Previous Day₹564.30

FAQ

What is the latest fair value of B&A Ltd?

The latest fair value of B&A Ltd is 505.70.

What is the Market Cap of B&A Ltd?

The Market Cap of B&A Ltd is 185 Cr..

What is the current Stock Price of B&A Ltd as on 19 April 2024?

The current stock price of B&A Ltd as on 19 April 2024 is 598.

What is the High / Low of B&A Ltd stocks in FY 2024?

In FY 2024, the High / Low of B&A Ltd stocks is ₹614/217.

What is the Stock P/E of B&A Ltd?

The Stock P/E of B&A Ltd is 14.2.

What is the Book Value of B&A Ltd?

The Book Value of B&A Ltd is 451.

What is the Dividend Yield of B&A Ltd?

The Dividend Yield of B&A Ltd is 0.08 %.

What is the ROCE of B&A Ltd?

The ROCE of B&A Ltd is 12.7 %.

What is the ROE of B&A Ltd?

The ROE of B&A Ltd is 7.89 %.

What is the Face Value of B&A Ltd?

The Face Value of B&A Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 B&A 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