Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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.
INDUSTRYADDRESSCONTACT
Textiles - GeneralA-1, Industrial Estate, Varanasi Uttar Pradesh 221106info@banarasbead.com
http://www.banarasbead.com
Management
NamePosition Held
Mr. Ashok Kumar GuptaChairman & Managing Director
Mr. Siddharth GuptaManaging Director & CEO
Mrs. Shalini ChandraExecutive Director
Mr. Anil Kumar GuptaInd. Non-Executive Director
CA. Sushil Kumar KandoiInd. Non-Executive Director
Mr. Manan Kumar SahInd. Non-Executive Director

Basic Stock Data of Banaras Beads Ltd

Last Updated: July 19, 2024, 11:20 pm

Market Cap 67.3 Cr.
Current Price 101
High / Low120/80.1
Stock P/E24.6
Book Value 81.7
Dividend Yield1.97 %
ROCE7.09 %
ROE5.12 %
Face Value 10.0
PEG Ratio87.33

Data Source: screener.in

Banaras Beads Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6.213.593.3910.695.955.086.688.532.968.816.229.523.80
Expenses5.113.273.129.015.024.835.787.362.587.625.748.333.38
Operating Profit1.100.320.271.680.930.250.901.170.381.190.481.190.42
OPM %17.71%8.91%7.96%15.72%15.63%4.92%13.47%13.72%12.84%13.51%7.72%12.50%11.05%
Other Income0.290.460.490.520.340.850.310.430.350.710.540.540.59
Interest0.120.030.030.040.110.070.06-0.000.100.630.130.020.05
Depreciation0.370.350.320.320.330.320.250.250.250.480.310.310.31
Profit before tax0.900.400.411.840.830.710.901.350.380.790.581.400.65
Tax %33.33%20.00%24.39%21.74%30.12%19.72%25.56%24.44%26.32%27.85%22.41%22.86%30.77%
Net Profit0.600.310.321.450.580.580.671.020.270.570.451.080.45
EPS in Rs0.900.470.482.180.870.871.011.540.410.860.681.630.68

Last Updated: July 11, 2024, 8:02 am

Banaras Beads Ltd Quarterly Chart

Banaras Beads Ltd Profit & Loss

Last Updated: July 10, 2024, 3:28 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales33.8627.6826.5723.5724.7427.3223.7817.3125.7820.4725.1226.9727.51
Expenses28.3023.6221.7919.5921.9823.5820.5014.7421.9117.1221.9723.3324.27
Operating Profit5.564.064.783.982.763.743.282.573.873.353.153.643.24
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%11.78%
Other Income1.561.671.221.196.301.320.960.840.821.482.191.802.14
Interest0.320.811.040.190.670.150.080.300.110.200.250.790.88
Depreciation0.830.891.462.352.132.101.841.521.351.461.281.231.35
Profit before tax5.974.033.502.636.262.812.321.593.233.173.813.423.15
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 Profit4.733.312.581.614.321.671.381.162.342.392.922.542.37
EPS in Rs7.134.993.892.436.512.522.081.753.533.604.403.833.58
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:1%
5 Years:10%
3 Years:11%
TTM:5%
Compounded Profit Growth
10 Years:1%
5 Years:19%
3 Years:7%
TTM:8%
Stock Price CAGR
10 Years:13%
5 Years:19%
3 Years:15%
1 Year:23%
Return on Equity
10 Years:4%
5 Years:5%
3 Years:5%
Last Year:5%

Last Updated: July 17, 2024, 5:55 pm

Banaras Beads Ltd Balance Sheet

Last Updated: July 10, 2024, 3:28 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6.616.616.616.616.616.616.616.616.616.616.616.616.61
Reserves30.2931.4532.5033.2535.5737.0137.6038.7541.0543.4345.0246.2247.76
Borrowings6.374.810.4414.945.091.101.900.840.004.335.800.291.35
Other Liabilities3.903.325.343.865.213.072.741.912.161.722.342.794.42
Total Liabilities47.1746.1944.8958.6652.4847.7948.8548.1149.8256.0959.7755.9160.14
Fixed Assets4.9511.0714.1014.1313.7812.6111.269.8019.3518.168.628.758.30
CWIP2.881.700.140.000.000.008.849.040.000.000.380.250.45
Investments0.570.120.116.193.673.193.123.154.893.123.133.043.25
Other Assets38.7733.3030.5438.3435.0331.9925.6326.1225.5834.8147.6443.8748.14
Total Assets47.1746.1944.8958.6652.4847.7948.8548.1149.8256.0959.7755.9160.14

Banaras Beads Ltd Reserves and Borrowings Chart

Banaras Beads Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -3.477.551.002.725.494.430.333.64-9.31-4.00-4.45-3.47
Cash from Investing Activity 8.04-1.75-7.343.790.72-8.370.51-2.852.8910.060.9512.94
Cash from Financing Activity -4.72-4.5812.87-12.96-4.060.08-1.14-0.904.27-0.10-7.621.42
Net Cash Flow-0.151.226.53-6.452.15-3.86-0.30-0.11-2.155.97-11.1210.88

Banaras Beads Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days14.3413.329.078.5219.779.6212.1314.764.1147.7966.6983.91
Inventory Days153.35510.31300.16550.47468.58317.59442.72857.06482.69
Days Payable10.2523.0015.8411.4631.5723.0110.7016.825.54
Cash Conversion Cycle157.43500.62293.38547.53456.78304.20444.15855.01481.2547.7966.6983.91
Working Capital Days123.21243.55173.91241.27262.02213.63215.65329.58211.38412.61382.15374.88
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

Banaras Beads Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters57.80%57.80%57.80%57.80%57.80%57.80%57.80%58.14%58.14%58.14%58.14%58.14%
FIIs0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
Public42.20%42.20%42.20%42.20%42.20%42.19%42.19%41.85%41.86%41.85%41.85%41.84%
No. of Shareholders5,9356,6166,4346,9696,7736,7016,3916,6386,5826,5386,5926,806

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

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.153.834.403.613.53
Diluted EPS (Rs.)4.153.834.403.613.53
Cash EPS (Rs.)5.895.716.355.825.58
Book Value[Excl.RevalReserv]/Share (Rs.)82.0079.8978.0675.6772.06
Book Value[Incl.RevalReserv]/Share (Rs.)82.0079.8978.0675.6772.06
Dividend / Share (Rs.)2.002.002.000.000.00
Revenue From Operations / Share (Rs.)42.6640.7737.9830.9538.98
PBDIT / Share (Rs.)7.708.228.077.317.10
PBIT / Share (Rs.)5.976.366.135.105.06
PBT / Share (Rs.)5.575.165.754.804.89
Net Profit / Share (Rs.)4.163.854.423.623.54
PBDIT Margin (%)18.0520.1621.2523.6018.20
PBIT Margin (%)13.9915.5816.1516.4812.97
PBT Margin (%)13.0612.6615.1515.5012.53
Net Profit Margin (%)9.749.4311.6211.689.08
Return on Networth / Equity (%)5.074.815.654.784.91
Return on Capital Employeed (%)7.217.877.856.747.01
Return On Assets (%)4.594.544.884.264.69
Total Debt / Equity (X)0.060.010.110.080.00
Asset Turnover Ratio (%)0.480.460.430.380.52
Current Ratio (X)9.8612.135.025.7412.70
Quick Ratio (X)5.313.652.723.767.42
Inventory Turnover Ratio (X)0.510.560.870.630.72
Dividend Payout Ratio (NP) (%)0.0052.1845.440.000.00
Dividend Payout Ratio (CP) (%)0.0035.1431.590.000.00
Earning Retention Ratio (%)0.0047.8254.560.000.00
Cash Earning Retention Ratio (%)0.0064.8668.410.000.00
Interest Coverage Ratio (X)19.446.9021.2324.0242.10
Interest Coverage Ratio (Post Tax) (X)11.504.2312.6112.8922.00
Enterprise Value (Cr.)50.0351.3854.3927.1610.45
EV / Net Operating Revenue (X)1.771.912.171.330.40
EV / EBITDA (X)9.829.4510.195.622.23
MarketCap / Net Operating Revenue (X)2.081.942.421.600.73
Retention Ratios (%)0.0047.8154.550.000.00
Price / BV (X)1.080.981.180.650.39
Price / Net Operating Revenue (X)2.081.942.421.600.73
EarningsYield0.040.040.040.070.12

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

Fair Value

Fair Value: 104.93

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.

Undervalued: 3.89% compared to the current price 101

Intrinsic Value: 105.23

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 4.18% compared to the current price 101

Last 5 Year EPS CAGR: 0.28%

*Investments are subject to market risks

Strength and Weakness of Banaras Beads Ltd Stock

StrengthWeakness
  1. The company has higher reserves (39.12 cr) compared to borrowings (3.57 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (25.44 cr) and profit (3.53 cr) over the years.
  1. The stock has a low average ROCE of 7.38%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 265.32, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 353.23, which may not be favorable.

FAQ

What is the latest fair value of Banaras Beads Ltd?

The latest fair value of Banaras Beads Ltd is ₹104.93.

What is the Market Cap of Banaras Beads Ltd?

The Market Cap of Banaras Beads Ltd is 67.3 Cr..

What is the current Stock Price of Banaras Beads Ltd as on 21 July 2024?

The current stock price of Banaras Beads Ltd as on 21 July 2024 is 101.

What is the High / Low of Banaras Beads Ltd stocks in FY 2024?

In FY 2024, the High / Low of Banaras Beads Ltd stocks is 120/80.1.

What is the Stock P/E of Banaras Beads Ltd?

The Stock P/E of Banaras Beads Ltd is 24.6.

What is the Book Value of Banaras Beads Ltd?

The Book Value of Banaras Beads Ltd is 81.7.

What is the Dividend Yield of Banaras Beads Ltd?

The Dividend Yield of Banaras Beads Ltd is 1.97 %.

What is the ROCE of Banaras Beads Ltd?

The ROCE of Banaras Beads Ltd is 7.09 %.

What is the ROE of Banaras Beads Ltd?

The ROE of Banaras Beads Ltd is 5.12 %.

What is the Face Value of Banaras Beads Ltd?

The Face Value of Banaras Beads 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 Banaras Beads 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