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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500270 | NSE: BARODARY

Fundamental Analysis of Baroda Rayon Corporation Ltd

Basic Stock Data

Last Updated: April 19, 2024, 7:48 am

Market Cap 412 Cr.
Current Price 180
High / Low249/150
Stock P/E21.2
Book Value 138
Dividend Yield0.00 %
ROCE55.1 %
ROE143 %
Face Value 10.0

Data Source: screener.in

Competitors of Baroda Rayon Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
JBF Industries Ltd 35.2 Cr. 4.306.14/2.86 3610.00 %7.50 %% 10.0
Bhudevi Infra Projects Ltd 12.5 Cr. 27.227.2/8.92 3.440.00 %%% 10.0
Paras Petrofils Ltd 113 Cr. 3.453.74/0.75202 0.740.00 %1.41 %1.64 % 1.00
Industry Average53.57 Cr11.6567.33121.730.00%2.97%0.55%7.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0000001408375469
Expenses0122001-329121-226345057
Operating Profit-0-122-0-0-13292-12343512
OPM %12%3,105%8%8%16%27%
Other Income0-1813628767224109
Interest0102222212110
Depreciation0000000000000
Profit before tax-0-1237102355742392381011
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-0-1237102355742392381011
EPS in Rs-0.10-53.822.994.520.92155.062.871.74104.4010.033.574.394.96

Last Updated: April 10, 2024, 6:20 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 8:02 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales0000000000058107
Expenses1113012262122-327-17996
Operating Profit-1-1-13-0-1-2-2-6-2-12232723811
OPM %406%10%
Other Income0019003-37021-1534245
Interest10460011001674
Depreciation3333300000000
Profit before tax-14-8-3-4-4-0-40-618-12437527353
Tax %0%7%0%0%0%0%0%1%0%0%0%0%
Net Profit-14-8-3-4-4-0-40-618-12437527353
EPS in Rs-6.10-3.34-1.46-1.53-1.82-0.10-17.34-2.567.88-53.97163.50119.0422.95
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)42.86%62.50%-33.33%0.00%100.00%85.00%400.00%-788.89%402.42%-27.20%
Change in YoY Net Profit Growth (%)0.00%19.64%-95.83%33.33%100.00%-15.00%315.00%-1188.89%1191.31%-429.62%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:401%
Compounded Profit Growth
10 Years:41%
5 Years:156%
3 Years:354%
TTM:-97%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-24%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:143%

Last Updated: April 16, 2024, 11:35 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital23232323232323232323232323
Reserves-129-147-161-175-199-214-261-267-249-3732275293
Borrowings90411497178211215224228242295245225
Other Liabilities215267160238253118116112892099510195
Total Liabilities199183170157155139939292102415643636
Fixed Assets18617215814512210863636341233
CWIP0000000000000
Investments6666666666777
Other Assets7466262524232355406634626
Total Assets199183170157155139939292102415643636

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -4677-12777-6-133-3-9-4-17-8539
Cash from Investing Activity 00000000034025
Cash from Financing Activity 48-78126-7761333941346-57
Net Cash Flow1-2-000-0000-017

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-91.00-42.00-162.00-71.00-79.00-213.00-217.00-230.00-230.00-364.0032.00-7.00

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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days116
Inventory Days
Days Payable
Cash Conversion Cycle116
Working Capital Days3,240
ROCE %308%55%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters47.54%47.54%47.54%47.54%47.54%47.54%47.55%67.53%67.53%67.53%67.52%67.52%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%
DIIs1.49%1.49%1.49%1.49%1.49%1.48%1.11%1.08%1.08%1.08%1.08%1.02%
Public50.97%50.97%50.97%50.97%50.97%50.97%51.32%31.38%31.38%31.37%31.37%31.45%
No. of Shareholders78,84378,84078,83878,83578,81078,66779,72885,21284,76384,41083,04781,886

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)119.04163.49-53.977.88-2.56
Diluted EPS (Rs.)111.73158.04-53.977.88-2.56
Cash EPS (Rs.)119.06163.49-53.977.88-2.56
Book Value[Excl.RevalReserv]/Share (Rs.)129.9510.91-152.59-98.61-106.49
Book Value[Incl.RevalReserv]/Share (Rs.)129.9510.91-152.59-98.61-106.49
Revenue From Operations / Share (Rs.)25.510.000.000.000.00
PBDIT / Share (Rs.)114.68160.72-52.06-0.93-2.46
PBIT / Share (Rs.)114.66160.72-52.06-0.93-2.46
PBT / Share (Rs.)119.04163.49-53.977.88-2.59
Net Profit / Share (Rs.)119.04163.49-53.977.88-2.56
PBDIT Margin (%)449.580.000.000.000.00
PBIT Margin (%)449.520.000.000.000.00
PBT Margin (%)466.700.000.000.000.00
Net Profit Margin (%)466.700.000.000.000.00
Return on Networth / Equity (%)91.601498.920.00-7.980.00
Return on Capital Employeed (%)54.97147.1980.846.029.85
Return On Assets (%)42.3990.25-120.8119.69-6.39
Long Term Debt / Equity (X)0.609.01-0.57-0.84-0.76
Total Debt / Equity (X)0.8211.81-0.69-1.01-0.91
Asset Turnover Ratio (%)0.110.000.000.000.00
Current Ratio (X)3.792.420.200.150.12
Quick Ratio (X)0.310.160.200.150.12
Interest Coverage Ratio (X)39.1560.08-212.09-5.54-18.75
Interest Coverage Ratio (Post Tax) (X)39.1460.08-212.09-5.54-18.52
Enterprise Value (Cr.)585.61300.480.000.000.00
EV / Net Operating Revenue (X)10.020.000.000.000.00
EV / EBITDA (X)2.230.810.000.000.00
MarketCap / Net Operating Revenue (X)5.970.000.000.000.00
Price / BV (X)1.170.270.000.000.00
Price / Net Operating Revenue (X)5.970.000.000.000.00
EarningsYield0.7855.420.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 4267.28

The stock is undervalued by 2,270.71% compared to the current price ₹180

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 high average ROCE of 30.25%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 0.25, which is a positive sign.
  3. The company has shown consistent growth in sales (12.69 cr) and profit (39.69 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 9.67, which may not be favorable.
  2. The company has higher borrowings (178.00) compared to reserves (-123.46), which may suggest financial risk.

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 Baroda Rayon Corporation Ltd:
    1. Net Profit Margin: 466.70%
      • 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: 54.97% (Industry Average ROCE: 2.97%)
      • 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%: 91.60% (Industry Average ROE: 0.55%)
      • 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): 39.14
      • 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: 0.31
      • 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: 21.2 (Industry average Stock P/E: 67.33)
      • 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: 0.82
      • 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

Baroda Rayon Corporation Ltd. is a Public Limited Listed company incorporated on 30/06/1958 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is U99999MH1958PLC011101 and registration number is 011101. Currently company belongs to the Industry of Textiles - Manmade Fibre - PFY/PSF. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 22.91 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Manmade Fibre - PFY/PSFP.O. Fatehnagar, Udhna, Surat Gujarat 394220brcsurat@gmail.com
http://www.brcl.in
Management
NamePosition Held
Mr. Damodarbhai B PatelChairman & Managing Director
Mr. Viral BhavaniWhole Time Director
Mr. Bhavanjibhai H PatelIndependent Director
Mr. Bhaveshbhai V PatelIndependent Director
Mr. Jayantilal D PatelIndependent Director
Mrs. Vidhya V BhavaniNon Executive Director

Baroda Rayon Corporation Ltd. Share Price Update

Share PriceValue
Today₹179.90
Previous Day₹181.15

FAQ

What is the latest fair value of Baroda Rayon Corporation Ltd?

The latest fair value of Baroda Rayon Corporation Ltd is 4267.28.

What is the Market Cap of Baroda Rayon Corporation Ltd?

The Market Cap of Baroda Rayon Corporation Ltd is 412 Cr..

What is the current Stock Price of Baroda Rayon Corporation Ltd as on 20 April 2024?

The current stock price of Baroda Rayon Corporation Ltd as on 20 April 2024 is 180.

What is the High / Low of Baroda Rayon Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Baroda Rayon Corporation Ltd stocks is ₹249/150.

What is the Stock P/E of Baroda Rayon Corporation Ltd?

The Stock P/E of Baroda Rayon Corporation Ltd is 21.2.

What is the Book Value of Baroda Rayon Corporation Ltd?

The Book Value of Baroda Rayon Corporation Ltd is 138.

What is the Dividend Yield of Baroda Rayon Corporation Ltd?

The Dividend Yield of Baroda Rayon Corporation Ltd is 0.00 %.

What is the ROCE of Baroda Rayon Corporation Ltd?

The ROCE of Baroda Rayon Corporation Ltd is 55.1 %.

What is the ROE of Baroda Rayon Corporation Ltd?

The ROE of Baroda Rayon Corporation Ltd is 143 %.

What is the Face Value of Baroda Rayon Corporation Ltd?

The Face Value of Baroda Rayon Corporation 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 Baroda Rayon Corporation 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