Bansal Roofing Products Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:20 am

Market Cap	109 Cr.
Current Price	82.3
High / Low	164/67.8
Stock P/E	36.4
Book Value	22.0
Dividend Yield	0.00 %
ROCE	17.2 %
ROE	13.8 %
Face Value	10.0
PEG Ratio	6.21

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hindustan Adhesives Ltd	216 Cr.	421	539/300	13.6	163	0.00 %	20.6 %	24.1 %	10.0
G M Polyplast Ltd	210 Cr.	156	216/124	37.3	26.3	0.32 %	33.9 %	24.8 %	10.0
Duropack Ltd	57.9 Cr.	110	122/65.0	22.5	37.8	0.00 %	13.8 %	10.6 %	10.0
Bansal Roofing Products Ltd	109 Cr.	82.3	164/67.8	36.4	22.0	0.00 %	17.2 %	13.8 %	10.0
Amco India Ltd	36.2 Cr.	88.0	124/54.0	32.3	88.7	0.00 %	3.29 %	0.91 %	10.0
Industry Average	1,070.57 Cr	174.94		38.24	67.34	0.08%	15.03%	12.49%	7.44

All Competitor Stocks of

Quarterly Result

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	Sep 2024
Sales	20.01	12.24	20.03	24.13	22.12	22.43	24.58	28.93	26.92	25.66	24.08	24.04	16.68
Expenses	19.24	11.19	18.21	22.82	20.37	20.79	22.37	26.99	25.43	24.18	22.54	22.51	15.45
Operating Profit	0.77	1.05	1.82	1.31	1.75	1.64	2.21	1.94	1.49	1.48	1.54	1.53	1.23
OPM %	3.85%	8.58%	9.09%	5.43%	7.91%	7.31%	8.99%	6.71%	5.53%	5.77%	6.40%	6.36%	7.37%
Other Income	0.04	0.06	0.00	0.02	0.04	0.05	0.07	0.06	0.07	0.06	0.02	0.09	0.02
Interest	0.04	0.01	0.09	0.14	0.13	0.14	0.15	0.15	0.17	0.13	0.13	0.10	0.13
Depreciation	0.10	0.10	0.15	0.21	0.23	0.24	0.26	0.30	0.31	0.34	0.32	0.34	0.40
Profit before tax	0.67	1.00	1.58	0.98	1.43	1.31	1.87	1.55	1.08	1.07	1.11	1.18	0.72
Tax %	22.39%	24.00%	26.58%	25.51%	17.48%	32.82%	25.67%	25.16%	22.22%	27.10%	29.73%	25.42%	26.39%
Net Profit	0.52	0.75	1.16	0.73	1.18	0.88	1.39	1.15	0.83	0.77	0.79	0.89	0.53
EPS in Rs	0.39	0.57	0.88	0.55	0.90	0.67	1.05	0.87	0.63	0.58	0.60	0.68	0.40

Last Updated: November 6, 2024, 7:12 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 3:01 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	TTM
Sales	17.11	19.12	24.33	22.41	27.19	32.54	44.13	41.04	41.50	72.59	93.25	105.58	90.46
Expenses	16.15	18.04	23.38	21.12	25.50	30.65	41.06	37.76	38.21	66.84	86.34	99.12	84.68
Operating Profit	0.96	1.08	0.95	1.29	1.69	1.89	3.07	3.28	3.29	5.75	6.91	6.46	5.78
OPM %	5.61%	5.65%	3.90%	5.76%	6.22%	5.81%	6.96%	7.99%	7.93%	7.92%	7.41%	6.12%	6.39%
Other Income	0.02	0.04	0.06	0.03	0.00	0.07	0.18	0.22	0.19	0.15	0.17	0.20	0.19
Interest	0.03	0.11	0.14	0.21	0.30	0.25	0.07	0.08	0.09	0.15	0.56	0.58	0.49
Depreciation	0.07	0.06	0.17	0.18	0.26	0.25	0.31	0.36	0.38	0.46	0.94	1.28	1.40
Profit before tax	0.88	0.95	0.70	0.93	1.13	1.46	2.87	3.06	3.01	5.29	5.58	4.80	4.08
Tax %	28.41%	30.53%	31.43%	31.18%	30.97%	26.03%	29.27%	26.47%	24.92%	25.71%	25.27%	26.04%
Net Profit	0.64	0.66	0.48	0.64	0.78	1.08	2.04	2.24	2.25	3.94	4.17	3.55	2.98
EPS in Rs	1.07	0.72	0.36	0.48	0.59	0.82	1.55	1.70	1.70	2.99	3.16	2.69	2.26
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	15.28%	16.18%	14.73%	14.67%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	3.12%	-27.27%	33.33%	21.88%	38.46%	88.89%	9.80%	0.45%	75.11%	5.84%	-14.87%
Change in YoY Net Profit Growth (%)	0.00%	-30.40%	60.61%	-11.46%	16.59%	50.43%	-79.08%	-9.36%	74.66%	-69.27%	-20.71%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	19%
5 Years:	19%
3 Years:	37%
TTM:	-12%

Compounded Profit Growth
10 Years:	19%
5 Years:	10%
3 Years:	16%
TTM:	-30%

Stock Price CAGR
10 Years:	29%
5 Years:	59%
3 Years:	14%
1 Year:	-11%

Return on Equity
10 Years:	17%
5 Years:	17%
3 Years:	18%
Last Year:	14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:44 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	1.00	1.52	2.20	2.20	2.20	3.30	3.30	3.30	3.30	13.18	13.18	13.18	13.18
Reserves	0.59	0.73	2.57	3.21	3.99	7.27	9.14	11.05	12.98	6.70	10.87	14.42	15.82
Borrowings	1.79	1.70	2.12	3.51	2.17	2.89	0.57	0.01	2.05	7.35	6.51	4.38	4.68
Other Liabilities	2.48	2.96	1.70	1.12	2.33	2.58	1.39	1.47	3.17	8.38	6.53	7.85	10.51
Total Liabilities	5.86	6.91	8.59	10.04	10.69	16.04	14.40	15.83	21.50	35.61	37.09	39.83	44.19
Fixed Assets	1.46	1.64	2.03	3.24	3.73	3.42	4.33	4.59	4.43	18.31	24.74	25.08	29.39
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.81	1.05	0.40	4.32	0.29
Investments	0.00	0.00	0.00	0.00	0.02	0.04	0.02	0.02	0.00	0.00	0.00	0.00	0.00
Other Assets	4.40	5.27	6.56	6.80	6.94	12.58	10.05	11.22	12.26	16.25	11.95	10.43	14.51
Total Assets	5.86	6.91	8.59	10.04	10.69	16.04	14.40	15.83	21.50	35.61	37.09	39.83	44.19

Reserves and Borrowings Chart

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 +	-1.11	0.67	-1.50	0.47	2.19	-1.54	2.80	0.03	3.71	5.54	8.62	7.93
Cash from Investing Activity +	-0.15	-0.39	-0.80	-1.38	-0.73	0.20	-1.15	-0.57	-5.00	-10.55	-6.70	-5.95
Cash from Financing Activity +	1.25	-0.20	2.32	1.18	-1.64	3.77	-2.60	-1.03	1.62	4.82	-1.40	-2.71
Net Cash Flow	-0.01	0.08	0.02	0.27	-0.18	2.44	-0.95	-1.57	0.33	-0.19	0.51	-0.73

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	-0.83	-0.62	-1.17	-2.22	-0.48	-1.00	2.50	3.27	1.24	-1.60	0.40	2.08

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	42	10	16	23	16	15	19	25	21	13	10	8
Inventory Days	52	88	73	63	75	98	49	80	78	65	37	24
Days Payable	53	52	17	9	22	20	5	6	20	14	11	13
Cash Conversion Cycle	40	46	72	77	68	94	63	99	79	65	35	20
Working Capital Days	41	40	66	83	59	82	59	88	76	40	20	9
ROCE %	38%	28%	17%	16%	18%	17%	23%	23%	19%	24%	21%	17%

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	73.25%	73.36%	73.36%	73.36%	73.36%	73.37%	73.37%	73.37%	73.35%	73.38%	73.38%	73.33%
FIIs	0.00%	0.00%	0.00%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.15%
Public	26.75%	26.64%	26.64%	26.55%	26.54%	26.54%	26.54%	26.53%	26.56%	26.53%	26.54%	26.52%
No. of Shareholders	431	874	1,375	2,116	2,989	3,240	4,004	5,925	6,034	6,546	6,680	7,431

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

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.)	2.69	3.16	2.99	6.78	6.80
Diluted EPS (Rs.)	2.69	3.16	2.99	6.78	6.80
Cash EPS (Rs.)	3.66	3.88	3.33	7.93	7.91
Book Value[Excl.RevalReserv]/Share (Rs.)	20.94	18.24	15.08	49.32	43.54
Book Value[Incl.RevalReserv]/Share (Rs.)	20.94	18.24	15.08	49.32	43.54
Dividend / Share (Rs.)	0.00	0.00	0.00	1.00	1.00
Revenue From Operations / Share (Rs.)	80.09	70.73	55.06	125.92	124.52
PBDIT / Share (Rs.)	5.05	5.37	4.47	10.67	10.78
PBIT / Share (Rs.)	4.08	4.66	4.12	9.52	9.68
PBT / Share (Rs.)	3.64	4.23	4.01	9.07	9.26
Net Profit / Share (Rs.)	2.69	3.16	2.99	6.78	6.80
PBDIT Margin (%)	6.30	7.59	8.12	8.47	8.65
PBIT Margin (%)	5.09	6.58	7.49	7.56	7.77
PBT Margin (%)	4.54	5.98	7.28	7.20	7.43
Net Profit Margin (%)	3.35	4.47	5.42	5.38	5.46
Return on Networth / Equity (%)	12.84	17.33	19.80	13.74	15.62
Return on Capital Employeed (%)	17.25	20.76	21.58	17.63	21.79
Return On Assets (%)	8.90	11.24	11.06	10.40	14.16
Long Term Debt / Equity (X)	0.09	0.19	0.24	0.07	0.00
Total Debt / Equity (X)	0.15	0.27	0.36	0.12	0.00
Asset Turnover Ratio (%)	2.75	2.57	2.54	2.22	2.72
Current Ratio (X)	1.16	1.57	1.55	3.33	9.42
Quick Ratio (X)	0.47	0.53	0.49	1.33	3.35
Inventory Turnover Ratio (X)	11.63	8.10	7.00	4.68	5.52
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	14.74	14.70
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	12.60	12.64
Earning Retention Ratio (%)	0.00	0.00	0.00	85.26	85.30
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	87.40	87.36
Interest Coverage Ratio (X)	11.43	12.67	39.84	32.18	46.34
Interest Coverage Ratio (Post Tax) (X)	7.08	8.46	27.62	21.81	31.02
Enterprise Value (Cr.)	108.74	87.35	81.48	20.85	11.72
EV / Net Operating Revenue (X)	1.03	0.93	1.12	0.50	0.28
EV / EBITDA (X)	16.33	12.34	13.82	5.93	3.30
MarketCap / Net Operating Revenue (X)	0.99	0.87	1.03	0.46	0.28
Retention Ratios (%)	0.00	0.00	0.00	85.25	85.29
Price / BV (X)	3.80	3.39	3.74	1.19	0.82
Price / Net Operating Revenue (X)	0.99	0.87	1.03	0.46	0.28
EarningsYield	0.03	0.05	0.05	0.11	0.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 112.72

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 21, 2024, is Undervalued by 36.96% compared to the current share price 82.30

Intrinsic Value of as of December 21, 2024 is: 119.33

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 21, 2024, is Undervalued by 44.99% compared to the current share price 82.30

Last 5 Year EPS CAGR: 5.86%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.75%, which is a positive sign. The company has higher reserves (7.64 cr) compared to borrowings (3.06 cr), indicating strong financial stability. The company has shown consistent growth in sales (48.56 cr) and profit (2.67 cr) over the years.	The stock has a high average Working Capital Days of 55.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 63.17, 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: 3.35%
  - 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: 17.25% (Industry Average ROCE: 15.03%)
  - 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%: 12.84% (Industry Average ROE: 12.49%)
  - 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): 7.08
  - 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: 0.47
  - 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: 36.4 (Industry average Stock P/E: 38.24)
  - 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: 0.15
  - 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

Bansal Roofing Products Ltd. is a Public Limited Listed company incorporated on 01/05/2008 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L25206GJ2008PLC053761 and registration number is 053761. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 72.59 Cr. and Equity Capital is Rs. 13.18 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Plastics - Sheets/Films	274/2, Samlaya Sherpura Road, Village: Pratapnagar, Taluka, Vadodra District Gujarat 391520	cs@bansalroofing.com http://www.bansalroofing.com

Management
Name	Position Held
Mr. Kaushalkumar S Gupta	Chairman & Managing Director
Mrs. Sangeeta K Gupta	Whole Time Director
Mr. Kailash K Gupta	Whole Time Director
Mrs. Arpita T Shah	Independent Director
Mr. Ravi S Bhandari	Independent Director
Mrs. Enu N Shah	Independent Director

FAQ

What is the latest intrinsic value of Bansal Roofing Products Ltd?

The latest intrinsic value of Bansal Roofing Products Ltd as on 20 December 2024 is ₹112.72, which is 36.96% higher than the current market price of ₹82.30. The stock has a market capitalization of 109 Cr. and recorded a high/low of 164/67.8 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹15.82 Cr and total liabilities of ₹44.19 Cr.

What is the Market Cap of Bansal Roofing Products Ltd?

The Market Cap of Bansal Roofing Products Ltd is 109 Cr..

What is the current Stock Price of Bansal Roofing Products Ltd as on 20 December 2024?

The current stock price of Bansal Roofing Products Ltd as on 20 December 2024 is 82.3.

What is the High / Low of Bansal Roofing Products Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Bansal Roofing Products Ltd stocks is 164/67.8.

What is the Stock P/E of Bansal Roofing Products Ltd?

The Stock P/E of Bansal Roofing Products Ltd is 36.4.

What is the Book Value of Bansal Roofing Products Ltd?

The Book Value of Bansal Roofing Products Ltd is 22.0.

What is the Dividend Yield of Bansal Roofing Products Ltd?

The Dividend Yield of Bansal Roofing Products Ltd is 0.00 %.

What is the ROCE of Bansal Roofing Products Ltd?

The ROCE of Bansal Roofing Products Ltd is 17.2 %.

What is the ROE of Bansal Roofing Products Ltd?

The ROE of Bansal Roofing Products Ltd is 13.8 %.

What is the Face Value of Bansal Roofing Products Ltd?

The Face Value of Bansal Roofing Products Ltd is 10.0.