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
Textiles - General	A-1, 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

Basic Stock Data of Banaras Beads Ltd

Last Updated: July 26, 2024, 10:58 pm

Market Cap	67.2 Cr.
Current Price	101
High / Low	120/80.1
Stock P/E	23.7
Book Value	81.7
Dividend Yield	1.98 %
ROCE	7.09 %
ROE	5.12 %
Face Value	10.0
PEG Ratio	84.13

Data Source: screener.in

Banaras Beads Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	6.21	3.59	3.39	10.69	5.95	5.08	6.68	8.53	2.96	8.81	6.22	9.52	3.80
Expenses	5.11	3.27	3.12	9.01	5.02	4.83	5.78	7.36	2.58	7.62	5.74	8.33	3.38
Operating Profit	1.10	0.32	0.27	1.68	0.93	0.25	0.90	1.17	0.38	1.19	0.48	1.19	0.42
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 Income	0.29	0.46	0.49	0.52	0.34	0.85	0.31	0.43	0.35	0.71	0.54	0.54	0.59
Interest	0.12	0.03	0.03	0.04	0.11	0.07	0.06	-0.00	0.10	0.63	0.13	0.02	0.05
Depreciation	0.37	0.35	0.32	0.32	0.33	0.32	0.25	0.25	0.25	0.48	0.31	0.31	0.31
Profit before tax	0.90	0.40	0.41	1.84	0.83	0.71	0.90	1.35	0.38	0.79	0.58	1.40	0.65
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 Profit	0.60	0.31	0.32	1.45	0.58	0.58	0.67	1.02	0.27	0.57	0.45	1.08	0.45
EPS in Rs	0.90	0.47	0.48	2.18	0.87	0.87	1.01	1.54	0.41	0.86	0.68	1.63	0.68

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

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	27.51
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	24.27
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	3.24
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 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	2.14
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	0.88
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	1.35
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	3.15
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 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	2.37
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	3.58
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:	11%
5 Years:	20%
3 Years:	10%
1 Year:	20%

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

Last Updated: July 24, 2024, 6:02 pm

Banaras Beads Ltd Balance Sheet

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

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 2013	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	-3.47	7.55	1.00	2.72	5.49	4.43	0.33	3.64	-9.31	-4.00	-4.45	-3.47
Cash from Investing Activity	8.04	-1.75	-7.34	3.79	0.72	-8.37	0.51	-2.85	2.89	10.06	0.95	12.94
Cash from Financing Activity	-4.72	-4.58	12.87	-12.96	-4.06	0.08	-1.14	-0.90	4.27	-0.10	-7.62	1.42
Net Cash Flow	-0.15	1.22	6.53	-6.45	2.15	-3.86	-0.30	-0.11	-2.15	5.97	-11.12	10.88

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

Banaras Beads Ltd Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	57.80%	57.80%	57.80%	57.80%	57.80%	57.80%	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%
FIIs	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	42.20%	42.20%	42.20%	42.20%	42.19%	42.19%	41.85%	41.86%	41.85%	41.85%	41.84%	41.85%
No. of Shareholders	6,616	6,434	6,969	6,773	6,701	6,391	6,638	6,582	6,538	6,592	6,806	6,664

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 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.15	3.83	4.40	3.61	3.53
Diluted EPS (Rs.)	4.15	3.83	4.40	3.61	3.53
Cash EPS (Rs.)	5.89	5.71	6.35	5.82	5.58
Book Value[Excl.RevalReserv]/Share (Rs.)	82.00	79.89	78.06	75.67	72.06
Book Value[Incl.RevalReserv]/Share (Rs.)	82.00	79.89	78.06	75.67	72.06
Dividend / Share (Rs.)	2.00	2.00	2.00	0.00	0.00
Revenue From Operations / Share (Rs.)	42.66	40.77	37.98	30.95	38.98
PBDIT / Share (Rs.)	7.70	8.22	8.07	7.31	7.10
PBIT / Share (Rs.)	5.97	6.36	6.13	5.10	5.06
PBT / Share (Rs.)	5.57	5.16	5.75	4.80	4.89
Net Profit / Share (Rs.)	4.16	3.85	4.42	3.62	3.54
PBDIT Margin (%)	18.05	20.16	21.25	23.60	18.20
PBIT Margin (%)	13.99	15.58	16.15	16.48	12.97
PBT Margin (%)	13.06	12.66	15.15	15.50	12.53
Net Profit Margin (%)	9.74	9.43	11.62	11.68	9.08
Return on Networth / Equity (%)	5.07	4.81	5.65	4.78	4.91
Return on Capital Employeed (%)	7.21	7.87	7.85	6.74	7.01
Return On Assets (%)	4.59	4.54	4.88	4.26	4.69
Total Debt / Equity (X)	0.06	0.01	0.11	0.08	0.00
Asset Turnover Ratio (%)	0.48	0.46	0.43	0.38	0.52
Current Ratio (X)	9.26	12.13	5.02	5.74	12.70
Quick Ratio (X)	4.71	3.65	2.72	3.76	7.42
Inventory Turnover Ratio (X)	0.51	0.56	0.87	0.63	0.72
Dividend Payout Ratio (NP) (%)	48.24	52.18	45.44	0.00	0.00
Dividend Payout Ratio (CP) (%)	34.04	35.14	31.59	0.00	0.00
Earning Retention Ratio (%)	51.76	47.82	54.56	0.00	0.00
Cash Earning Retention Ratio (%)	65.96	64.86	68.41	0.00	0.00
Interest Coverage Ratio (X)	19.44	6.90	21.23	24.02	42.10
Interest Coverage Ratio (Post Tax) (X)	11.50	4.23	12.61	12.89	22.00
Enterprise Value (Cr.)	50.03	51.38	54.39	27.16	10.45
EV / Net Operating Revenue (X)	1.77	1.91	2.17	1.33	0.40
EV / EBITDA (X)	9.82	9.45	10.19	5.62	2.23
MarketCap / Net Operating Revenue (X)	2.08	1.94	2.42	1.60	0.73
Retention Ratios (%)	51.75	47.81	54.55	0.00	0.00
Price / BV (X)	1.08	0.98	1.18	0.65	0.39
Price / Net Operating Revenue (X)	2.08	1.94	2.42	1.60	0.73
EarningsYield	0.04	0.04	0.04	0.07	0.12

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: 101.10

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: 0.10% compared to the current price 101

Intrinsic Value: 101.39

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: 0.38% 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

Strength	Weakness
The company has higher reserves (39.12 cr) compared to borrowings (3.57 cr), indicating strong financial stability. The company has shown consistent growth in sales (25.44 cr) and profit (3.53 cr) over the years.	The stock has a low average ROCE of 7.38%, which may not be favorable. The stock has a high average Working Capital Days of 265.32, which may not be favorable. 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 ₹101.10.

What is the Market Cap of Banaras Beads Ltd?

The Market Cap of Banaras Beads Ltd is 67.2 Cr..

What is the current Stock Price of Banaras Beads Ltd as on 27 July 2024?

The current stock price of Banaras Beads Ltd as on 27 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 23.7.

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 1.98 %.

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.