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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 524332 | NSE: BCLIND

Fundamental Analysis of BCL Industries Ltd

Basic Stock Data

Last Updated: April 19, 2024, 8:21 pm

Market Cap 1,546 Cr.
Current Price 57.3
High / Low86.3/41.7
Stock P/E16.8
Book Value 20.6
Dividend Yield0.87 %
ROCE13.9 %
ROE16.1 %
Face Value 1.00

Data Source: screener.in

Competitors of BCL Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shanti Overseas (India) Ltd 17.0 Cr. 15.334.4/14.4 13.00.00 %30.5 %21.3 % 10.0
Ajanta Soya Ltd 234 Cr. 29.039.8/24.0238 15.50.00 %4.05 %0.46 % 2.00
Ambo Agritec Ltd 23.5 Cr. 25.035.2/22.919.9 18.60.00 %13.3 %11.4 % 10.0
Agro Tech Foods Ltd 1,755 Cr. 7201,090/647126 2010.42 %4.55 %3.26 % 10.0
Marico Ltd 65,760 Cr. 508595/46344.9 32.61.87 %41.9 %35.8 % 1.00
Industry Average13,557.90 Cr259.4685.7656.140.46%18.86%14.44%6.60

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales398430449462563506375452534457429481622
Expenses378403423431529468345446493410389434568
Operating Profit2026263134393064047394755
OPM %5%6%6%7%6%8%8%1%8%10%9%10%9%
Other Income2121532321122
Interest55224543577910
Depreciation33444447777910
Profit before tax14192227323324-13033273038
Tax %28%31%24%22%24%31%24%36%24%26%27%35%13%
Net Profit10131721242318-12325202033
EPS in Rs0.420.510.700.871.000.950.740.030.971.010.770.711.14

Last Updated: April 10, 2024, 6:21 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:50 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6428448909131,4271,9881,8181,989
Expenses6057978178571,3591,8501,6951,800
Operating Profit3747745669138124188
OPM %6%6%8%6%5%7%7%9%
Other Income578728876
Interest2121191526182033
Depreciation911111413152533
Profit before tax112252355811385128
Tax %14%18%20%26%27%25%25%
Net Profit1018412642856497
EPS in Rs0.691.142.371.351.753.512.743.63
Dividend Payout %14%0%5%0%29%14%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)80.00%127.78%-36.59%61.54%102.38%-24.71%
Change in YoY Net Profit Growth (%)0.00%47.78%-164.36%98.12%40.84%-127.09%

Growth

Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:26%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:30%
3 Years:36%
TTM:47%
Stock Price CAGR
10 Years:44%
5 Years:43%
3 Years:64%
1 Year:35%
Return on Equity
10 Years:%
5 Years:19%
3 Years:20%
Last Year:16%

Last Updated: April 16, 2024, 6:02 pm

Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1416171924242425
Reserves84116165198261342407527
Preference Capital0333336
Borrowings217225189175180257432509
Other Liabilities166139188212167133233170
Total Liabilities4814955606046327581,0961,231
Fixed Assets85136138129129153339557
CWIP54510192916621251
Investments25333436265710
Other Assets317321377420448433537614
Total Assets4814955606046327581,0961,231

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4310532959535
Cash from Investing Activity -45-40-19-13-13-145-256
Cash from Financing Activity 1616-25-21662206
Net Cash Flow13-148-6-212-16

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow37.0044.0071.0053.0066.00135.00118.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days27182514341919
Inventory Days169142138165754383
Days Payable93557976301732
Cash Conversion Cycle10210684103804470
Working Capital Days85837275694871
ROCE %13%19%13%19%23%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters61.36%61.36%61.36%61.36%61.36%61.36%61.36%61.36%61.13%61.36%60.41%56.92%
FIIs0.00%0.00%0.00%0.00%0.04%0.08%0.06%0.00%0.41%0.00%1.66%5.88%
DIIs1.62%0.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public37.02%38.33%38.64%38.64%38.59%38.55%38.57%38.63%38.45%38.64%37.92%37.21%
No. of Shareholders14,21718,28120,85720,57426,97526,95627,10726,82123,80525,05128,19573,113

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.)27.4535.1018.7513.5424.07
Diluted EPS (Rs.)26.5935.1018.7513.5423.99
Cash EPS (Rs.)36.9841.1822.7420.5629.90
Book Value[Excl.RevalReserv]/Share (Rs.)202.84156.49118.71113.33104.62
Book Value[Incl.RevalReserv]/Share (Rs.)203.03156.69118.91113.58104.90
Revenue From Operations / Share (Rs.)752.93823.08590.99476.96510.82
PBDIT / Share (Rs.)53.9460.3335.8633.0146.60
PBIT / Share (Rs.)43.6154.2530.5725.9540.37
PBT / Share (Rs.)35.4046.9423.9618.2229.69
Net Profit / Share (Rs.)26.6535.1017.4513.5023.68
NP After MI And SOA / Share (Rs.)27.4535.1317.4713.5423.72
PBDIT Margin (%)7.167.326.066.929.12
PBIT Margin (%)5.796.595.175.447.90
PBT Margin (%)4.705.704.053.825.81
Net Profit Margin (%)3.534.262.952.834.63
NP After MI And SOA Margin (%)3.644.262.952.834.64
Return on Networth / Equity (%)13.8023.1614.8411.9422.68
Return on Capital Employeed (%)14.3426.2520.3116.5424.92
Return On Assets (%)6.0511.206.674.297.38
Long Term Debt / Equity (X)0.470.280.200.300.47
Total Debt / Equity (X)0.910.710.550.761.05
Asset Turnover Ratio (%)1.963.002.321.581.70
Current Ratio (X)1.431.491.671.441.42
Quick Ratio (X)0.530.730.730.330.45
Inventory Turnover Ratio (X)5.767.453.872.522.70
Dividend Payout Ratio (NP) (%)4.227.690.003.200.00
Dividend Payout Ratio (CP) (%)3.066.560.002.100.00
Earning Retention Ratio (%)95.7892.310.0096.800.00
Cash Earning Retention Ratio (%)96.9493.440.0097.900.00
Interest Coverage Ratio (X)6.578.255.424.274.36
Interest Coverage Ratio (Post Tax) (X)4.245.803.642.753.22
Enterprise Value (Cr.)1393.161328.61403.21214.06351.48
EV / Net Operating Revenue (X)0.760.660.280.230.39
EV / EBITDA (X)10.699.124.663.394.33
MarketCap / Net Operating Revenue (X)0.520.540.180.060.19
Retention Ratios (%)95.7792.300.0096.790.00
Price / BV (X)1.992.940.900.280.94
Price / Net Operating Revenue (X)0.520.540.180.060.19
EarningsYield0.060.070.160.410.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 56.20

The stock is overvalued by 1.91% compared to the current price ₹57.3

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 company has higher reserves (262.50 cr) compared to borrowings (2.63 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (411.63 cr) and profit (63.00 cr) over the years.
  1. The stock has a low average ROCE of 14.43%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 71.86, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 84.14, which may not be favorable.

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 BCL Industries Ltd:
    1. Net Profit Margin: 3.53%
      • 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: 14.34% (Industry Average ROCE: 9.24%)
      • 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%: 13.80% (Industry Average ROE: 6.6%)
      • 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): 4.24
      • 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: 0.53
      • 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: 16.8 (Industry average Stock P/E: 126.7)
      • 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: 0.91
      • 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

BCL Industries Ltd. is a Public Limited Listed company incorporated on 03/02/1976 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L24231PB1976PLC003624 and registration number is 003624. Currently company belongs to the Industry of Edible Oils & Solvent Extraction. Company’s Total Operating Revenue is Rs. 1987.74 Cr. and Equity Capital is Rs. 24.15 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Edible Oils & Solvent ExtractionHazi Rattan Link Road, Post Box No. 71, Bhatinda Punjab 151001bcl@mittalgroup.co.in
http://www.bcl.ind.in
Management
NamePosition Held
Mr. Ramesh Chander NayyarChairman & Ind.Director
Mr. Rajinder MittalManaging Director
Mr. Kushal MittalJoint Managing Director
Mr. Sat Narain GoyalWhole Time Director
Mrs. Neerja JainIndependent Woman Director
Mr. Parampal Singh BalIndependent Director

BCL Industries Ltd. Share Price Update

Share PriceValue
Today₹57.50
Previous Day₹57.43

FAQ

What is the latest fair value of BCL Industries Ltd?

The latest fair value of BCL Industries Ltd is 56.20.

What is the Market Cap of BCL Industries Ltd?

The Market Cap of BCL Industries Ltd is 1,546 Cr..

What is the current Stock Price of BCL Industries Ltd as on 19 April 2024?

The current stock price of BCL Industries Ltd as on 19 April 2024 is 57.3.

What is the High / Low of BCL Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of BCL Industries Ltd stocks is ₹86.3/41.7.

What is the Stock P/E of BCL Industries Ltd?

The Stock P/E of BCL Industries Ltd is 16.8.

What is the Book Value of BCL Industries Ltd?

The Book Value of BCL Industries Ltd is 20.6.

What is the Dividend Yield of BCL Industries Ltd?

The Dividend Yield of BCL Industries Ltd is 0.87 %.

What is the ROCE of BCL Industries Ltd?

The ROCE of BCL Industries Ltd is 13.9 %.

What is the ROE of BCL Industries Ltd?

The ROE of BCL Industries Ltd is 16.1 %.

What is the Face Value of BCL Industries Ltd?

The Face Value of BCL Industries Ltd is 1.00.

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 BCL Industries 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