Fundamental Analysis of Banaras Beads Ltd

About the Company - Banaras Beads Ltd

Banaras Beads Ltd. is a Public Limited Listed company incorporated on 10/04/1980 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L01131UP1980PLC004984 and registration number is 004984. Currently Company is involved in the business activities of Manufacture of imitation jewellery and related articles. Company’s Total Operating Revenue is Rs. 25.12 Cr. and Equity Capital is Rs. 6.61 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Miscellaneous	A-1, & A-5, Industrial Estate, Varanasi Uttar Pradesh 221106	info@banarasbead.com http://www.banarasbead.com

Management
Name	Position Held
Mr. Ashok Kumar Gupta	Chairman & Managing Director
Mr. Siddharth Gupta	Managing Director & CEO
Mrs. Shalini Chandra	Executive Director
Mr. Anil Kumar Gupta	Ind. Non-Executive Director
CA. Sushil Kumar Kandoi	Ind. Non-Executive Director
Mr. Manan Kumar Sah	Ind. Non-Executive Director

Banaras Beads Ltd. Share Price Update
Share Price	Value
Today	₹92.00
Previous Day	₹92.08

Basic Stock Data of Banaras Beads Ltd

Banaras Beads Ltd Quarterly Results

Month

Banaras Beads Ltd Quarterly Chart

Banaras Beads Ltd Profit & Loss

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	33.86	27.68	26.57	23.57	24.74	27.32	23.78	17.31	25.78	20.47	25.12	26.97	26.52
Expenses	28.30	23.62	21.79	19.59	21.98	23.58	20.50	14.74	21.91	17.12	21.97	23.33	23.30
Operating Profit	5.56	4.06	4.78	3.98	2.76	3.74	3.28	2.57	3.87	3.35	3.15	3.64	3.22
OPM %	16.42%	14.67%	17.99%	16.89%	11.16%	13.69%	13.79%	14.85%	15.01%	16.37%	12.54%	13.50%	12.14%
Other Income	1.56	1.67	1.22	1.19	6.30	1.32	0.96	0.84	0.82	1.48	2.19	1.80	2.03
Interest	0.32	0.81	1.04	0.19	0.67	0.15	0.08	0.30	0.11	0.20	0.25	0.79	0.86
Depreciation	0.83	0.89	1.46	2.35	2.13	2.10	1.84	1.52	1.35	1.46	1.28	1.23	1.29
Profit before tax	5.97	4.03	3.50	2.63	6.26	2.81	2.32	1.59	3.23	3.17	3.81	3.42	3.10
Tax %	20.77%	17.87%	26.29%	38.78%	30.99%	40.57%	40.52%	27.67%	27.55%	24.61%	23.36%	25.44%
Net Profit	4.73	3.31	2.58	1.61	4.32	1.67	1.38	1.16	2.34	2.39	2.92	2.54	2.31
EPS in Rs	7.13	4.99	3.89	2.43	6.51	2.52	2.08	1.75	3.53	3.60	4.40	3.83	3.49
Dividend Payout %	55.90%	49.92%	51.24%	41.06%	38.25%	39.58%	0.00%	0.00%	0.00%	0.00%	45.27%	52.05%

Banaras Beads Ltd Profit & Loss Yearly Chart

Banaras Beads Ltd Growth

Compounded Sales Growth
10 Years::	0%
5 Years::	3%
3 Years::	2%
TTM::	5%

Banaras Beads Ltd Growth

Compounded Profit Growth
10 Years::	-3%
5 Years::	13%
3 Years::	2%
TTM::	-17%

Banaras Beads Ltd Growth

Stock Price CAGR
10 Years::	13%
5 Years::	14%
3 Years::	20%
1 Year::	10%

Banaras Beads Ltd Growth

Return on Equity
10 Years::	4%
5 Years::	4%
3 Years::	5%
Last Year::	5%

Banaras Beads Ltd Balance Sheet

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61
Reserves	30.29	31.45	32.50	33.25	35.57	37.01	37.60	38.75	41.05	43.43	45.02	46.22	47.76
Borrowings	6.37	4.81	0.44	14.94	5.09	1.10	1.90	0.84	0.00	4.33	5.80	0.29	1.35
Other Liabilities	3.90	3.32	5.34	3.86	5.21	3.07	2.74	1.91	2.16	1.72	2.34	2.79	4.42
Total Liabilities	47.17	46.19	44.89	58.66	52.48	47.79	48.85	48.11	49.82	56.09	59.77	55.91	60.14
Fixed Assets	4.95	11.07	14.10	14.13	13.78	12.61	11.26	9.80	19.35	18.16	8.62	8.75	8.30
CWIP	2.88	1.70	0.14	0.00	0.00	0.00	8.84	9.04	0.00	0.00	0.38	0.25	0.45
Investments	0.57	0.12	0.11	6.19	3.67	3.19	3.12	3.15	4.89	3.12	3.13	3.04	3.25
Other Assets	38.77	33.30	30.54	38.34	35.03	31.99	25.63	26.12	25.58	34.81	47.64	43.87	48.14
Total Assets	47.17	46.19	44.89	58.66	52.48	47.79	48.85	48.11	49.82	56.09	59.77	55.91	60.14

Banaras Beads Ltd Reserves and Borrowings Chart

Banaras Beads Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	3.16	-3.47	7.55	1.00	2.72	5.49	4.43	0.33	3.64	-9.31	-4.00	-4.45
Cash from Investing Activity	-0.75	8.04	-1.75	-7.34	3.79	0.72	-8.37	0.51	-2.85	2.89	10.06	0.95
Cash from Financing Activity	-1.71	-4.72	-4.58	12.87	-12.96	-4.06	0.08	-1.14	-0.90	4.27	-0.10	-7.62
Net Cash Flow	0.70	-0.15	1.22	6.53	-6.45	2.15	-3.86	-0.30	-0.11	-2.15	5.97	-11.12

Banaras Beads Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	14.34	13.32	9.07	8.52	19.77	9.62	12.13	14.76	4.11	47.79	66.69	83.91
Inventory Days	153.35	510.31	300.16	550.47	468.58	317.59	442.72	857.06	482.69
Days Payable	10.25	23.00	15.84	11.46	31.57	23.01	10.70	16.82	5.54
Cash Conversion Cycle	157.43	500.62	293.38	547.53	456.78	304.20	444.15	855.01	481.25	47.79	66.69	83.91
Working Capital Days	123.21	243.55	173.91	241.27	262.02	213.63	215.65	329.58	211.38	412.61	382.15	374.88
ROCE %	12.98%	11.28%	11.02%	5.96%	4.21%	6.26%	5.26%	4.09%	7.31%	6.23%	6.28%	7.62%

Banaras Beads Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Banaras Beads Ltd Shareholding Pattern Chart

No. of Banaras Beads Ltd Shareholders

This stock is not held by any mutual fund

Banaras Beads Ltd ROCE Trend

Banaras Beads Ltd EPS Trend

Banaras Beads Ltd Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	3.83	4.40	3.61	3.53	1.74
Diluted EPS (Rs.)	3.83	4.40	3.61	3.53	1.74
Cash EPS (Rs.)	5.71	6.35	5.82	5.58	4.05
Book Value[Excl.RevalReserv]/Share (Rs.)	79.89	78.06	75.67	72.06	68.59
Book Value[Incl.RevalReserv]/Share (Rs.)	79.89	78.06	75.67	72.06	68.59
Dividend / Share (Rs.)	2.00	2.00	0.00	0.00	0.00
Revenue From Operations / Share (Rs.)	40.77	37.98	30.95	38.98	26.17
PBDIT / Share (Rs.)	8.22	8.07	7.31	7.10	5.16
PBIT / Share (Rs.)	6.36	6.13	5.10	5.06	2.86
PBT / Share (Rs.)	5.16	5.75	4.80	4.89	2.40
Net Profit / Share (Rs.)	3.85	4.42	3.62	3.54	1.75
PBDIT Margin (%)	20.16	21.25	23.60	18.20	19.70
PBIT Margin (%)	15.58	16.15	16.48	12.97	10.91
PBT Margin (%)	12.66	15.15	15.50	12.53	9.18
Net Profit Margin (%)	9.43	11.62	11.68	9.08	6.67
Return on Networth / Equity (%)	4.81	5.65	4.78	4.91	2.54
Return on Capital Employeed (%)	7.87	7.85	6.74	7.01	4.16
Return On Assets (%)	4.54	4.88	4.26	4.69	2.40
Total Debt / Equity (X)	0.01	0.11	0.08	0.00	0.01
Asset Turnover Ratio (%)	0.46	0.43	0.38	0.52	0.35
Current Ratio (X)	12.13	5.02	5.74	12.70	9.52
Quick Ratio (X)	3.65	2.72	3.76	7.42	4.49
Inventory Turnover Ratio (X)	0.56	0.87	0.63	0.72	0.47
Dividend Payout Ratio (NP) (%)	52.18	45.44	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	35.14	31.59	0.00	0.00	0.00
Earning Retention Ratio (%)	47.82	54.56	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	64.86	68.41	0.00	0.00	0.00
Interest Coverage Ratio (%)	6.90	21.23	24.02	42.10	11.36
Interest Coverage Ratio (Post Tax) (%)	4.23	12.61	12.89	22.00	4.85
Enterprise Value (Cr.)	51.38	54.39	27.16	10.45	24.24
EV / Net Operating Revenue (X)	1.91	2.17	1.33	0.40	1.40
EV / EBITDA (X)	9.45	10.19	5.62	2.23	7.11
MarketCap / Net Operating Revenue (X)	1.94	2.42	1.60	0.73	1.84
Retention Ratios (%)	47.81	54.55	0.00	0.00	0.00
Price / BV (X)	0.98	1.18	0.65	0.39	0.70
Price / Net Operating Revenue (X)	1.94	2.42	1.60	0.73	1.84
EarningsYield	0.04	0.04	0.07	0.12	0.03

Banaras Beads Ltd Profitability Ratios (%)

Banaras Beads Ltd Liquidity Ratios

Banaras Beads Ltd Liquidity Ratios (%)

Banaras Beads Ltd Interest Coverage Ratios (%)

Banaras Beads Ltd Valuation Ratios

Data is incomplete for fair value calculation.

Strength and Weakness of Banaras Beads Ltd Stock

Strength	Weakness
The stock has a high average ROCE, which is a positive sign. The company has higher reserves compared to borrowings, indicating strong financial stability. The company has shown consistent growth in sales and profit over the years.	The stock has a high average Working Capital Days, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable.

Strength

Weakness

The stock has a high average ROCE, which is a positive sign.

The company has higher reserves compared to borrowings, indicating strong financial stability.

The company has shown consistent growth in sales and profit over the years.

The stock has a high average Working Capital Days, which may not be favorable.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

About the Company - Banaras Beads Ltd

Banaras Beads Ltd. Share Price Update

Basic Stock Data of Banaras Beads Ltd

Banaras Beads Ltd Quarterly Results

Banaras Beads Ltd Quarterly Chart

Banaras Beads Ltd Profit & Loss

Banaras Beads Ltd Profit & Loss Yearly Chart

Banaras Beads Ltd Growth

Banaras Beads Ltd Growth

Banaras Beads Ltd Growth

Banaras Beads Ltd Growth

Banaras Beads Ltd Balance Sheet

Banaras Beads Ltd Reserves and Borrowings Chart

Banaras Beads Ltd Cash Flow

Banaras Beads Ltd Financial Efficiency Indicators

Banaras Beads Ltd Financial Efficiency Indicators Chart

Banaras Beads Ltd Shareholding Pattern Chart

No. of Banaras Beads Ltd Shareholders

Banaras Beads Ltd ROCE Trend

Banaras Beads Ltd EPS Trend

Banaras Beads Ltd Key Financial Ratios

Banaras Beads Ltd Profitability Ratios (%)

Banaras Beads Ltd Liquidity Ratios

Banaras Beads Ltd Liquidity Ratios (%)

Banaras Beads Ltd Interest Coverage Ratios (%)

Banaras Beads Ltd Valuation Ratios

Strength and Weakness of Banaras Beads Ltd Stock

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