Batliboi 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	419 Cr.
Current Price	122
High / Low	200/79.3
Stock P/E	36.1
Book Value	60.9
Dividend Yield	0.41 %
ROCE	8.49 %
ROE	6.37 %
Face Value	5.00
PEG Ratio	11.34

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
Incon Engineers Ltd	6.40 Cr.	14.8	24.8/12.5		0.44	0.00 %	72.7 %	162 %	10.0
Hittco Tools Ltd	8.22 Cr.	13.4	16.0/9.53		4.59	0.00 %	7.27 %	5.66 %	10.0
Harshil Agrotech Ltd	262 Cr.	5.15	13.7/0.43	44.0	1.20	0.00 %	16.4 %	13.5 %	1.00
Gujarat Toolroom Ltd	242 Cr.	15.1	45.9/10.8	2.06	14.8	6.62 %	179 %	170 %	1.00
GTV Engineering Ltd	164 Cr.	525	640/395	25.0	125	0.00 %	12.7 %	13.5 %	10.0
Industry Average	4,210.79 Cr	558.17		41.04	132.38	0.40%	29.10%	26.17%	6.39

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	38.86	43.41	58.45	55.87	51.34	66.31	69.60	66.58	63.34	69.88	78.05	75.13	73.41
Expenses	37.87	44.77	54.00	52.39	51.43	61.38	60.66	64.39	59.88	65.60	71.79	72.40	69.21
Operating Profit	0.99	-1.36	4.45	3.48	-0.09	4.93	8.94	2.19	3.46	4.28	6.26	2.73	4.20
OPM %	2.55%	-3.13%	7.61%	6.23%	-0.18%	7.43%	12.84%	3.29%	5.46%	6.12%	8.02%	3.63%	5.72%
Other Income	0.14	0.97	0.08	0.94	0.52	0.63	0.96	2.42	0.91	1.34	1.11	2.71	1.81
Interest	2.12	1.91	1.93	2.32	1.51	1.25	1.47	1.00	1.25	1.12	1.23	1.25	1.01
Depreciation	0.99	0.86	0.94	0.89	0.94	0.99	1.00	1.24	1.05	1.05	0.99	0.92	1.03
Profit before tax	-1.98	-3.16	1.66	1.21	-2.02	3.32	7.43	2.37	2.07	3.45	5.15	3.27	3.97
Tax %	-57.58%	18.04%	32.53%	203.31%	-47.52%	37.95%	-2.29%	17.30%	6.76%	29.86%	28.54%	65.44%	29.22%
Net Profit	-0.85	-3.74	1.12	-1.24	-1.07	2.06	7.60	1.96	1.94	2.42	3.68	1.13	2.82
EPS in Rs	-0.30	-1.30	0.39	-0.43	-0.37	0.72	2.65	0.68	0.67	0.83	1.27	0.39	0.82

Last Updated: October 7, 2024, 8:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

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	267	267	267	216	204	211	249	195	152	197	254	286	296
Expenses	262	260	268	219	210	216	244	202	148	189	238	270	279
Operating Profit	5	7	-1	-3	-6	-5	5	-7	4	8	16	17	17
OPM %	2%	3%	-0%	-1%	-3%	-2%	2%	-3%	2%	4%	6%	6%	6%
Other Income	14	6	2	18	2	8	6	4	18	2	5	6	7
Interest	9	7	8	9	8	7	8	9	9	8	5	5	5
Depreciation	7	7	7	6	5	5	4	6	4	4	4	4	4
Profit before tax	3	-2	-14	-0	-17	-9	-1	-18	8	-2	11	14	16
Tax %	28%	46%	-14%	100%	-21%	16%	-2,144%	-9%	-3%	107%	5%	34%
Net Profit	2	-3	-12	-0	-14	-10	13	-16	8	-5	11	9	10
EPS in Rs	0.85	-1.00	-4.19	-0.05	-4.71	-3.61	4.49	-5.53	2.83	-1.64	3.66	3.15	3.31
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-250.00%	-300.00%	100.00%	28.57%	230.00%	-223.08%	150.00%	-162.50%	320.00%	-18.18%
Change in YoY Net Profit Growth (%)	0.00%	-50.00%	400.00%	-71.43%	201.43%	-453.08%	373.08%	-312.50%	482.50%	-338.18%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	1%
5 Years:	3%
3 Years:	24%
TTM:	12%

Compounded Profit Growth
10 Years:	16%
5 Years:	-7%
3 Years:	56%
TTM:	-17%

Stock Price CAGR
10 Years:	17%
5 Years:	67%
3 Years:	43%
1 Year:	43%

Return on Equity
10 Years:	-4%
5 Years:	-1%
3 Years:	4%
Last Year:	6%

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	14	14	14	14	14	14	14	14	14	14	14	15	17
Reserves	40	38	23	24	124	110	123	106	115	111	122	132	192
Borrowings	54	60	62	59	62	64	70	75	77	75	75	80	66
Other Liabilities	112	110	110	97	97	126	99	107	64	87	77	94	90
Total Liabilities	220	223	209	194	298	314	307	302	270	287	289	320	365
Fixed Assets	97	99	87	85	224	221	202	201	195	194	193	195	194
CWIP	3	3	3	3	0	0	0	0	0	2	0	1	1
Investments	2	2	3	2	1	0	0	0	0	0	0	0	42
Other Assets	118	119	116	104	72	92	104	100	75	91	96	124	127
Total Assets	220	223	209	194	298	314	307	302	270	287	289	320	365

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 +	23	21	-19	-2	-9	1	2	11	-3	20	1	8
Cash from Investing Activity +	-1	-3	2	14	10	-1	1	-2	7	-3	-3	-3
Cash from Financing Activity +	-21	-11	10	-12	-1	-3	0	-7	-7	-11	-5	6
Net Cash Flow	2	7	-7	-1	-0	-3	3	2	-3	6	-7	10

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	-49.00	-53.00	-63.00	-62.00	-68.00	-69.00	-65.00	-82.00	-73.00	-67.00	-59.00	-63.00

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

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	75	67	72	62	42	76	49	47	40	35	45	48
Inventory Days	103	106	99	150	105	105	101	124	114	103	79	99
Days Payable	125	140	132	150	77	150	111	150	92	86	67	85
Cash Conversion Cycle	53	33	39	62	70	31	39	21	62	51	58	62
Working Capital Days	11	-4	8	7	-4	1	6	-33	14	-14	19	24
ROCE %	2%	4%	-6%	-8%	-6%	-1%	4%	-4%	2%	3%	8%	8%

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	74.91%	74.91%	74.91%	74.91%	74.91%	74.46%	74.28%	74.05%	74.05%	74.05%	62.69%	62.69%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.05%	0.31%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.29%
Public	25.09%	25.09%	25.09%	25.08%	25.08%	25.53%	25.73%	25.95%	25.95%	25.86%	36.95%	36.70%
No. of Shareholders	9,654	10,080	10,090	9,974	9,699	9,717	10,000	9,980	10,048	10,026	10,334	11,259

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	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	3.16	3.67	-1.64	2.83	-5.53
Diluted EPS (Rs.)	3.11	3.57	-1.64	2.83	-5.53
Cash EPS (Rs.)	4.54	5.10	-0.35	4.36	-3.52
Book Value[Excl.RevalReserv]/Share (Rs.)	50.30	47.14	43.71	45.00	41.76
Book Value[Incl.RevalReserv]/Share (Rs.)	50.30	47.14	43.71	45.00	41.76
Revenue From Operations / Share (Rs.)	98.60	87.87	68.46	52.93	68.00
PBDIT / Share (Rs.)	7.85	7.09	3.38	2.59	-0.97
PBIT / Share (Rs.)	6.47	5.65	2.09	1.06	-2.97
PBT / Share (Rs.)	4.80	3.84	-0.79	2.76	-6.11
Net Profit / Share (Rs.)	3.15	3.66	-1.64	2.83	-5.53
NP After MI And SOA / Share (Rs.)	3.15	3.66	-1.64	2.83	-5.53
PBDIT Margin (%)	7.96	8.07	4.93	4.89	-1.42
PBIT Margin (%)	6.56	6.43	3.05	2.00	-4.37
PBT Margin (%)	4.86	4.37	-1.15	5.21	-8.97
Net Profit Margin (%)	3.19	4.16	-2.39	5.34	-8.12
NP After MI And SOA Margin (%)	3.19	4.16	-2.39	5.34	-8.12
Return on Networth / Equity (%)	6.27	7.75	-3.74	6.28	-13.23
Return on Capital Employeed (%)	8.21	7.39	3.13	1.57	-4.60
Return On Assets (%)	2.86	3.66	-1.64	3.01	-5.25
Long Term Debt / Equity (X)	0.33	0.40	0.33	0.34	0.34
Total Debt / Equity (X)	0.48	0.49	0.57	0.57	0.58
Asset Turnover Ratio (%)	0.94	0.72	0.55	0.34	0.39
Current Ratio (X)	1.33	1.36	0.90	0.94	0.82
Quick Ratio (X)	0.83	0.86	0.54	0.58	0.51
Inventory Turnover Ratio (X)	3.19	2.55	2.31	1.50	1.48
Interest Coverage Ratio (X)	4.70	3.92	1.17	0.81	-0.31
Interest Coverage Ratio (Post Tax) (X)	2.89	3.02	0.43	0.35	-0.76
Enterprise Value (Cr.)	471.84	237.26	200.72	112.25	79.00
EV / Net Operating Revenue (X)	1.65	0.93	1.02	0.73	0.40
EV / EBITDA (X)	20.69	11.58	20.71	15.10	-28.31
MarketCap / Net Operating Revenue (X)	1.43	0.67	0.71	0.29	0.09
Price / BV (X)	2.81	1.25	1.12	0.34	0.14
Price / Net Operating Revenue (X)	1.43	0.67	0.71	0.29	0.09
EarningsYield	0.02	0.06	-0.03	0.18	-0.89

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 140.62

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 22, 2024, is Undervalued by 15.26% compared to the current share price 122.00

Intrinsic Value of as of December 22, 2024 is: 145.10

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 22, 2024, is Undervalued by 18.93% compared to the current share price 122.00

Last 5 Year EPS CAGR: 3.18%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 2.92, which is a positive sign. The company has higher reserves (96.92 cr) compared to borrowings (67.62 cr), indicating strong financial stability.	The stock has a low average ROCE of 0.50%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 48.42, which may not be favorable. The company has not shown consistent growth in sales (235.46) and profit (-0.85).

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: 3.19%
  - 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: 8.21% (Industry Average ROCE: 29.1%)
  - 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%: 6.27% (Industry Average ROE: 26.17%)
  - 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): 2.89
  - 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: 0.83
  - 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: 36.1 (Industry average Stock P/E: 41.04)
  - 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: 0.48
  - 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

Batliboi Ltd. is a Public Limited Listed company incorporated on 06/12/1941 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L52320MH1941PLC003494 and registration number is 003494. Currently Company is involved in the business activities of Activities of commission agents dealing in wholesale trade in machinery & equipment, other than transport machinery. Company’s Total Operating Revenue is Rs. 146.07 Cr. and Equity Capital is Rs. 14.36 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Engineering - General	Bharat House, 5th Floor, 104, Mumbai Maharashtra 400001	legal@batliboi.com http://www.batliboi.com

Management
Name	Position Held
Mr. Nirmal Bhogilal	Chairman & Wholetime Director
Mr. Sanjiv Joshi	Managing Director
Mr. Kabir Bhogilal	Whole Time Director
Mrs. Sheela Bhogilal	Non Executive Director
Mr. Subodh Bhargava	Independent Director
Mr. Ameet Hariani	Independent Director
Mr. George Verghese	Independent Director
Mr. Binoy Parikh	Independent Director
Mr. Jai Diwanji	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹140.62, which is 15.26% higher than the current market price of ₹122.00. The stock has a market capitalization of 419 Cr. and recorded a high/low of 200/79.3 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹192 Cr and total liabilities of ₹365 Cr.

What is the Market Cap of ?

The Market Cap of is 419 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 122.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 200/79.3.

What is the Stock P/E of ?

The Stock P/E of is 36.1.

What is the Book Value of ?

The Book Value of is 60.9.

What is the Dividend Yield of ?

The Dividend Yield of is 0.41 %.

What is the ROCE of ?

The ROCE of is 8.49 %.

What is the ROE of ?

The ROE of is 6.37 %.

What is the Face Value of ?

The Face Value of is 5.00.