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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500102 | NSE: BALLARPUR

Fundamental Analysis of Ballarpur Industries Ltd

Basic Stock Data

Last Updated: March 31, 2024, 8:59 am

Market Cap 110 Cr.
Current Price 0.85
High / Low0.95/0.60
Stock P/E
Book Value 0.51
Dividend Yield0.00 %
ROCE33.7 %
ROE1,411 %
Face Value 2.00

Data Source: screener.in

Competitors of Ballarpur Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ruchira Papers Ltd 400 Cr. 134164/91.15.85 1383.76 %24.0 %19.7 % 10.0
Magnum Ventures Ltd 315 Cr. 53.677.8/26.49.86 1090.00 %6.06 %10.6 % 10.0
Astron Paper & Board Mill Ltd 113 Cr. 24.240.9/19.0 33.50.00 %9.37 %14.0 % 10.0
Genus Paper & Boards Ltd 527 Cr. 20.528.5/13.2187 18.80.00 %1.00 %2.48 % 1.00
JK Paper Ltd 5,955 Cr. 352452/3065.30 2722.30 %28.5 %34.0 % 10.0
Industry Average1,462.00 Cr116.8641.60114.261.21%13.79%16.16%8.20

Quarterly Result

MonthMar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020
Sales776841821081051121201131131085920
Expenses11762709411110412713510811010681454
Operating Profit-405-29-12-30-15-15432-22-435
OPM %-52%8%-71%-14%-3%0%-13%-13%4%3%2%-38%-2,222%
Other Income-4381412-1471246-19-34354-34922
Interest496668624952575281654040327
Depreciation91315181316161616161616-2
Profit before tax-142-66-99-80-212-56-42-102-436-72-50-427-738
Tax %0%0%0%0%69%0%0%0%0%0%0%0%0%
Net Profit-142-66-99-80-66-56-42-102-436-72-50-427-738
EPS in Rs-2.16-1.01-0.76-0.62-0.51-0.43-0.32-0.79-3.37-0.56-0.38-3.30-5.70

Last Updated: April 6, 2024, 8:01 am

Quarterly Chart

Ballarpur Industries Ltd Profit & Loss

MonthJun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Sales9991,0211,0611,094985950451562216303455300
Expenses771836893971827819383485531338474751
Operating Profit2281841681231581316876-315-35-19-451
OPM %23%18%16%11%16%14%15%14%-146%-11%-4%-151%
Other Income36291351041109-185-119-311-317
Interest44434626495436108153244242472
Depreciation778384908172445853606346
Profit before tax1428750123810-1120-705-457-636-1,287
Tax %12%33%40%46%12%-247%181%-9%4%32%0%0%
Net Profit125583073335922-680-311-636-1,287
EPS in Rs2.260.890.460.100.510.540.140.33-10.37-2.41-4.91-9.95
Dividend Payout %22%56%130%499%59%37%147%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-2020
YoY Net Profit Growth (%)144.44%-3190.91%54.26%-104.50%-102.36%
Change in YoY Net Profit Growth (%)0.00%-3335.35%3245.17%-158.77%2.14%

Growth

Compounded Sales Growth
10 Years:-11%
5 Years:-8%
3 Years:12%
TTM:-34%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-262%
Stock Price CAGR
10 Years:-25%
5 Years:-21%
3 Years:-8%
1 Year:0%
Return on Equity
10 Years:-15%
5 Years:-52%
3 Years:-143%
Last Year:-1411%

Ballarpur Industries Ltd Balance Sheet

MonthJun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Equity Capital111131131131131131131131131259259259
Reserves1,2391,5201,4871,4561,4661,4861,4791,545-40526-193-193
Borrowings8908629837518741,0021,0311,9742,5131,6911,656943
Other Liabilities4686254584063853283171,2682,0791,6321,8482,560
Total Liabilities2,7083,1383,0592,7442,8562,9472,9584,9184,6834,1073,5693,569
Fixed Assets8499729508931,2151,2461,2602,6332,3692,6091,7821,782
CWIP19488137175137133160299313133
Investments2861,1511,1968148148148141,0651,0651,058946946
Other Assets1,379927776863690754724921936440839839
Total Assets2,7083,1383,0592,7442,8562,9472,9584,9184,6834,1073,5693,569

Reserves and Borrowings Chart

Ballarpur Industries Ltd Cash Flow

MonthJun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity 14081812219416054103-185-533422819
Cash from Investing Activity -302-943-73132-191-81-63-34346-12130
Cash from Financing Activity -191196-43-3242329-38577433-22-46-22
Net Cash Flow-3537262-82249-547-5-2

Free Cash Flow

MonthJun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Free Cash Flow-662.00-678.00-815.00-628.00-716.00130.0067.0075.00-317.00-36.00-20.00-1,394.00

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

MonthJun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Debtor Days7579837879801751098914
Inventory Days1471781801632022356084231,033197111127
Days Payable671561097910489247186377734465519
Cash Conversion Cycle156102154163176225537247665-528-345-378
Working Capital Days363115979086138319357673-1,233-1,152-1,746
ROCE %8%5%4%2%4%3%1%3%-11%-2%-1%

Financial Efficiency Indicators Chart

Ballarpur Industries Ltd Share Holding Pattern

MonthMar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Jun 2023Sep 2023
Promoters25.05%25.05%24.22%24.22%24.22%24.22%2.68%2.68%2.68%2.68%0.10%0.10%
FIIs8.02%7.99%7.89%3.74%3.74%3.74%1.76%0.63%0.63%0.63%0.63%0.63%
DIIs33.46%33.23%33.22%33.27%33.23%33.22%32.45%30.24%29.67%29.67%20.54%20.54%
Public33.47%33.73%34.67%38.77%38.81%38.82%63.11%66.45%67.03%67.03%78.74%78.74%
No. of Shareholders76,43376,59678,47681,06079,86881,79792,74094,95798,9011,06,6601,16,3511,16,337

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 19Mar 18Mar 17Mar 16Mar 15
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-7.20-12.77-23.97-3.20-0.33
Diluted EPS (Rs.)-7.20-12.77-23.97-3.20-0.33
Cash EPS (Rs.)-6.24-13.60-27.56-0.222.38
Book Value[Excl.RevalReserv]/Share (Rs.)-8.631.386.2258.4946.42
Book Value[Incl.RevalReserv]/Share (Rs.)-8.631.386.2258.4946.42
Revenue From Operations / Share (Rs.)28.1619.4731.4064.5949.40
PBDIT / Share (Rs.)5.222.72-3.7611.718.54
PBIT / Share (Rs.)3.170.58-7.807.675.44
PBT / Share (Rs.)-6.20-7.97-26.190.671.19
Net Profit / Share (Rs.)-8.29-15.74-31.59-4.26-0.71
NP After MI And SOA / Share (Rs.)-7.20-10.78-23.96-3.20-0.32
PBDIT Margin (%)18.5213.96-11.9818.1317.28
PBIT Margin (%)11.232.98-24.8311.8711.01
PBT Margin (%)-22.02-40.91-83.391.042.40
Net Profit Margin (%)-29.43-80.81-100.60-6.59-1.44
NP After MI And SOA Margin (%)-25.55-55.38-76.31-4.95-0.65
Return on Networth / Equity (%)0.00-443.580.00-7.36-1.09
Return on Capital Employeed (%)12.461.47-12.616.134.53
Return On Assets (%)-8.45-12.11-11.88-1.39-0.17
Long Term Debt / Equity (X)-5.7915.25-46.871.451.72
Total Debt / Equity (X)-7.4519.07-114.762.522.68
Asset Turnover Ratio (%)0.060.030.020.060.05
Current Ratio (X)0.520.560.500.440.67
Quick Ratio (X)0.460.500.440.210.33
Inventory Turnover Ratio (X)0.900.400.070.170.12
Dividend Payout Ratio (NP) (%)0.000.000.000.00-61.40
Dividend Payout Ratio (CP) (%)0.000.000.000.007.21
Earning Retention Ratio (%)0.000.000.000.00161.40
Cash Earning Retention Ratio (%)0.000.000.000.0092.79
Interest Coverage Ratio (X)0.800.38-0.271.672.03
Interest Coverage Ratio (Post Tax) (X)0.440.26-0.411.111.35
Enterprise Value (Cr.)5208.257334.3210237.558825.506969.79
EV / Net Operating Revenue (X)1.432.914.972.082.15
EV / EBITDA (X)7.7220.85-41.4811.4912.45
MarketCap / Net Operating Revenue (X)0.100.640.620.210.27
Retention Ratios (%)0.000.000.000.00161.40
Price / BV (X)-0.515.13-17.110.310.46
Price / Net Operating Revenue (X)0.100.640.620.210.27
EarningsYield-2.46-0.86-1.23-0.23-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 110.10

The stock is undervalued by 12,852.98% compared to the current price ₹0.85

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 low average ROCE of 1.33%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 186.25, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 97.83, which may not be favorable.
    4. The company has higher borrowings (1,264.17) compared to reserves (981.50), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (435.33) and profit (-120.92).

    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 Ballarpur Industries Ltd:
      1. Net Profit Margin: -29.43%
        • 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: 12.46% (Industry Average ROCE: 19.98%)
        • 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%: 0.00% (Industry Average ROE: 9.67%)
        • 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): 0.44
        • 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: 0.46
        • 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 of N/A (Industry average Stock P/E: 10.53)
        • 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: -7.45
        • 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

    Ballarpur Industries Ltd. is a Public Limited Listed company incorporated on 26/04/1945 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L21010MH1945PLC010337 and registration number is 010337. Currently Company is involved in the business activities of Manufacture of pulp, paper and paperboard. Company’s Total Operating Revenue is Rs. 299.65 Cr. and Equity Capital is Rs. 258.71 Cr. for the Year ended 31/03/2020.
    INDUSTRYADDRESSCONTACT
    Paper & Paper ProductsP.O. Ballarpur Paper Mills, Chandrapur District Maharashtra 442901sectdiv@bilt.com
    http://www.bilt.com
    Management
    NamePosition Held
    Mr. R R VederahNon Executive Vice Chairman
    Mr. B HariharanGroup Director - Finance
    Mr. A S DulatDirector
    Mr. Sudhir MathurDirector
    Dr. Padmakumar NairIndependent Director
    Ms. Yashashree GurjarNon Exe.Non Ind.Director

    Ballarpur Industries Ltd. Share Price Update

    Share PriceValue
    Today₹0.86
    Previous Day₹0.86

    FAQ

    What is the latest fair value of Ballarpur Industries Ltd?

    The latest fair value of Ballarpur Industries Ltd is ₹110.10.

    What is the Market Cap of Ballarpur Industries Ltd?

    The Market Cap of Ballarpur Industries Ltd is 110 Cr..

    What is the current Stock Price of Ballarpur Industries Ltd as on 07 April 2024?

    The current stock price of Ballarpur Industries Ltd as on 07 April 2024 is 0.85.

    What is the High / Low of Ballarpur Industries Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Ballarpur Industries Ltd stocks is ₹0.95/0.60.

    What is the Stock P/E of Ballarpur Industries Ltd?

    The Stock P/E of Ballarpur Industries Ltd is .

    What is the Book Value of Ballarpur Industries Ltd?

    The Book Value of Ballarpur Industries Ltd is 0.51.

    What is the Dividend Yield of Ballarpur Industries Ltd?

    The Dividend Yield of Ballarpur Industries Ltd is 0.00 %.

    What is the ROCE of Ballarpur Industries Ltd?

    The ROCE of Ballarpur Industries Ltd is 33.7 %.

    What is the ROE of Ballarpur Industries Ltd?

    The ROE of Ballarpur Industries Ltd is 1,411 %.

    What is the Face Value of Ballarpur Industries Ltd?

    The Face Value of Ballarpur Industries Ltd is 2.00.

    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 Ballarpur Industries 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