Balgopal Commercial Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:21 am

Market Cap	191 Cr.
Current Price	116
High / Low	116/28.7
Stock P/E	10.4
Book Value	24.0
Dividend Yield	0.00 %
ROCE	17.5 %
ROE	17.1 %
Face Value	10.0
PEG Ratio	0.48

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
Mrugesh Trading Ltd	0.11 Cr.	4.63	4.63/4.20	0.17	762	0.00 %	0.00 %	0.00 %	10.0
Mukta Agriculture Ltd	13.2 Cr.	6.08	7.84/3.20	59.9	10.3	0.00 %	0.29 %	0.26 %	10.0
Muller and Phipps (India) Ltd	19.5 Cr.	313	726/173		23.8	0.00 %	%	%	10.0
Mystic Electronics Ltd	16.5 Cr.	8.36	9.90/3.30	20.9	14.3	0.00 %	1.09 %	1.06 %	10.0
Ind-Agiv Commerce Ltd	6.50 Cr.	65.0	69.4/41.7		57.7	0.00 %	17.9 %	%	10.0
Industry Average	10,366.28 Cr	179.00		141.63	131.46	0.12%	12.21%	9.10%	8.27

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	1.98	2.56	1.83	1.64	1.17	3.93	2.01	1.08	1.00	6.03	8.92	1.09	0.05
Expenses	1.76	2.82	1.81	2.17	1.12	3.81	2.00	1.17	0.97	4.62	7.69	1.39	0.22
Operating Profit	0.22	-0.26	0.02	-0.53	0.05	0.12	0.01	-0.09	0.03	1.41	1.23	-0.30	-0.17
OPM %	11.11%	-10.16%	1.09%	-32.32%	4.27%	3.05%	0.50%	-8.33%	3.00%	23.38%	13.79%	-27.52%	-340.00%
Other Income	1.54	1.41	-2.10	0.07	0.04	1.84	1.87	-3.81	2.07	2.74	2.74	4.23	4.69
Interest	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
Depreciation	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
Profit before tax	1.76	1.15	-2.08	-0.46	0.09	1.96	1.88	-3.90	2.10	4.15	3.97	3.93	4.52
Tax %	6.25%	0.87%	-8.65%	28.26%	-377.78%	10.71%	5.85%	-3.08%	23.33%	0.72%	6.80%	5.09%	14.16%
Net Profit	1.65	1.14	-1.90	-0.59	0.43	1.75	1.77	-3.78	1.61	4.11	3.70	3.74	3.88
EPS in Rs	1.00	0.69	-1.15	-0.36	0.26	1.06	1.07	-2.29	0.98	2.49	2.24	2.27	2.35

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

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	1	4	3	5	15	16	10	5	8	8	17	16
Expenses	0	1	4	3	5	16	20	18	6	9	8	15	14
Operating Profit	0	0	-0	-0	-1	-1	-3	-9	-1	-1	0	2	2
OPM %		1%	-8%	-15%	-14%	-8%	-21%	-89%	-14%	-7%	2%	14%	13%
Other Income	0	0	0	0	1	1	1	2	8	1	-0	12	14
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	0	0	0	0	0	-0	-2	-7	7	0	0	14	17
Tax %		0%	25%	40%	20%	-9%	6%	-8%	15%	19%	-350%	7%
Net Profit	0	0	0	0	0	-0	-2	-6	6	0	0	13	15
EPS in Rs	0.00	0.00	0.04	0.02	0.03	-0.19	-1.36	-3.89	3.49	0.18	0.10	7.98	9.35
Dividend Payout %			0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2019-2020	2020-2021	2021-2022
YoY Net Profit Growth (%)	-200.00%	200.00%	-100.00%
Change in YoY Net Profit Growth (%)	0.00%	400.00%	-300.00%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2019-2020 to 2021-2022.

Growth

Compounded Sales Growth
10 Years:	36%
5 Years:	1%
3 Years:	47%
TTM:	3%

Compounded Profit Growth
10 Years:	%
5 Years:	30%
3 Years:	-13%
TTM:	397%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	225%
1 Year:	257%

Return on Equity
10 Years:	-1%
5 Years:	0%
3 Years:	2%
Last Year:	17%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:45 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	0.24	0.24	17	17	17	17	17	17	17	17	17	17	17
Reserves	18	18	2	2	2	1	-1	-7	-2	-1	-1	12	23
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	4	0	0	0	0	0	1	4	2	6	7
Total Liabilities	18	18	22	18	19	18	16	10	17	19	18	35	47
Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	7	7	2	6	7	4	4	4	11	17	7	21	38
Other Assets	11	11	20	12	11	15	11	5	5	2	10	14	9
Total Assets	18	18	22	18	19	18	16	10	17	19	18	35	47

Reserves and Borrowings Chart

Cash Flow

Month	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 +	0	0	-2	1	-6	2	0	7	6	-9	14
Cash from Investing Activity +	0	5	-3	-2	4	0	-0	-7	-5	10	-14
Cash from Financing Activity +	0	-5	5	1	2	-2	-0	0	-0	0	0
Net Cash Flow	0	0	-0	-0	-0	0	-0	0	-0	0	-0

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	0.00	0.00	0.00	0.00	-1.00	-1.00	-3.00	-9.00	-1.00	-1.00	0.00	2.00

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		365	234	4	113	196	108	109	122	15	26	0
Inventory Days		2,738	780	1,056	411	115	61	0	48	68	280	15
Days Payable		0	407	0	33	11	0		46	98	88	127
Cash Conversion Cycle		3,102	606	1,060	491	299	169	109	123	-14	218	-112
Working Capital Days		4,763	1,492	1,716	852	349	252	159	282	-54	365	160
ROCE %	0%	0%	0%	0%	0%	-1%	-13%	-56%	56%	-2%	-17%	18%

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	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	7.28%
Public	93.69%	93.69%	93.69%	93.69%	93.68%	93.69%	93.69%	93.69%	93.68%	93.68%	93.69%	92.72%
No. of Shareholders	428	435	439	523	791	805	840	929	926	939	1,060	1,281

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 15	Mar 14
FaceValue	10.00	10.00
Basic EPS (Rs.)	0.04	0.12
Diluted EPS (Rs.)	0.04	0.12
Cash EPS (Rs.)	0.03	0.15
Book Value[Excl.RevalReserv]/Share (Rs.)	10.99	757.55
Book Value[Incl.RevalReserv]/Share (Rs.)	10.99	757.55
Revenue From Operations / Share (Rs.)	2.56	33.95
PBDIT / Share (Rs.)	0.04	0.22
PBIT / Share (Rs.)	0.04	0.19
PBT / Share (Rs.)	0.04	0.19
Net Profit / Share (Rs.)	0.03	0.11
NP After MI And SOA / Share (Rs.)	0.03	0.11
PBDIT Margin (%)	1.84	0.66
PBIT Margin (%)	1.84	0.56
PBT Margin (%)	1.84	0.56
Net Profit Margin (%)	1.39	0.34
NP After MI And SOA Margin (%)	1.39	0.34
Return on Networth / Equity (%)	0.32	0.01
Return on Capital Employeed (%)	0.42	0.02
Return On Assets (%)	0.26	0.01
Asset Turnover Ratio (%)	0.20	0.00
Current Ratio (X)	4.69	3112.46
Quick Ratio (X)	2.79	1349.68

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 43.54

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 62.47% compared to the current share price 116.00

Intrinsic Value of as of December 22, 2024 is: 53.03

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 54.28% compared to the current share price 116.00

Last 5 Year EPS CAGR: 21.79%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (5.08 cr) compared to borrowings (0.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (8.31 cr) and profit (2.23 cr) over the years.	The stock has a low average ROCE of -1.25%, which may not be favorable. The stock has a high average Working Capital Days of 197.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 157.75, 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: 1.39%
  - 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: 0.42% (Industry Average ROCE: 12.21%)
  - 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%: 0.32% (Industry Average ROE: 9.1%)
  - 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): 0
  - 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: 2.79
  - 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: 10.4 (Industry average Stock P/E: 141.63)
  - 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
  - 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

Balgopal Commercial Ltd. is a Public Limited Listed company incorporated on 20/08/1982 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L51109MH1982PLC368610 and registration number is 035193. Currently Company is involved in the business activities of Wholesale of other clothing items. Company’s Total Operating Revenue is Rs. 8.00 Cr. and Equity Capital is Rs. 16.51 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Trading & Distributors	Flat No. B-002, Dreamax Vega, Upadhyay Compound, Pump House, Mumbai Maharashtra 400093	info@bcommercial.org http://www.bcommercial.org

Management
Name	Position Held
Mr. Vijay Laltaprasad Yadav	Managing Director
Mr. Yash Saraogi	Non Executive Director
Mrs. Shrena Kalpesh Shah	Ind. Non-Executive Director
Ms. Shailesh Becharbhai Patel	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹43.54, which is 62.47% lower than the current market price of ₹116.00. The stock has a market capitalization of 191 Cr. and recorded a high/low of 116/28.7 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹23 Cr and total liabilities of ₹47 Cr.

What is the Market Cap of ?

The Market Cap of is 191 Cr..

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

The current stock price of as on 21 December 2024 is 116.

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

In FY 2024-2025, the High / Low of stocks is 116/28.7.

What is the Stock P/E of ?

The Stock P/E of is 10.4.

What is the Book Value of ?

The Book Value of is 24.0.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 17.5 %.

What is the ROE of ?

The ROE of is 17.1 %.

What is the Face Value of ?

The Face Value of is 10.0.