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Last Updated on: 10 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 533270 | NSE: BEDMUTHA

Bedmutha Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 9, 2024, 11:09 pm

Market Cap 674 Cr.
Current Price 205
High / Low323/157
Stock P/E19.9
Book Value 43.7
Dividend Yield0.00 %
ROCE15.8 %
ROE18.6 %
Face Value 10.0
PEG Ratio-0.61

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

View Share Price Target for Bedmutha Industries Ltd

Competitors of Bedmutha Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bombay Wire Ropes Ltd 37.4 Cr. 70.094.0/32.0 16.80.00 %6.18 %4.19 % 1.00
Kritika Wires Ltd 346 Cr. 13.024.5/8.7029.9 3.340.00 %15.7 %12.8 % 2.00
D P Wires Ltd 601 Cr. 387632/35820.5 1540.00 %24.6 %17.4 % 10.0
Bharat Wire Ropes Ltd 1,627 Cr. 238402/21019.1 1020.00 %18.7 %42.3 % 10.0
Bedmutha Industries Ltd 674 Cr. 205323/15719.9 43.70.00 %15.8 %18.6 % 10.0
Industry Average812.00 Cr182.6022.3563.970.00%16.20%19.06%6.60

All Competitor Stocks of Bedmutha Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales144189153174172168155191192199192229243
Expenses141185147171168168148187189191185222232
Operating Profit34634184387811
OPM %2%2%4%2%2%0%5%2%2%4%4%3%4%
Other Income11161417161514171611141512
Interest8888898999898
Depreciation8888888867775
Profit before tax-24445-154346710
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-24445-154446710
EPS in Rs-0.721.151.271.211.43-0.381.651.331.151.232.012.093.11

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales220226327500642603490360387660687812863
Expenses203209311486612640491361404643670786829
Operating Profit1817161530-37-1-1-1716172634
OPM %8%7%5%3%5%-6%-0%-0%-4%2%2%3%4%
Other Income38552133292731158625652
Interest10152341586065646232343534
Depreciation671021292733333633322725
Profit before tax42-12-41-36-91-70-711979132027
Tax %35%32%-29%-3%0%0%0%0%0%0%0%0%
Net Profit21-9-40-36-91-70-711969132127
EPS in Rs0.330.52-4.12-18.93-14.69-35.40-28.74-29.0360.752.914.036.498.44
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-50.00%-1000.00%-344.44%10.00%-152.78%23.08%-1.43%376.06%-95.41%44.44%61.54%
Change in YoY Net Profit Growth (%)0.00%-950.00%655.56%354.44%-162.78%175.85%-24.51%377.48%-471.46%139.85%17.09%

Bedmutha Industries Ltd 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:14%
5 Years:11%
3 Years:28%
TTM:24%
Compounded Profit Growth
10 Years:34%
5 Years:18%
3 Years:-53%
TTM:96%
Stock Price CAGR
10 Years:28%
5 Years:67%
3 Years:39%
1 Year:31%
Return on Equity
10 Years:%
5 Years:%
3 Years:15%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:37 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital21212121252525253232323232
Reserves1031051007142-45-116-18645546788109
Borrowings119184250333398482509505306276251235237
Other Liabilities11113018619021115015413583128149211205
Total Liabilities354440557615675611572479466490500566583
Fixed Assets102103101265243274241210190165146158153
CWIP5914320758833740443438352540
Investments2245543222233
Other Assets190192245287345295287223240285317380387
Total Assets354440557615675611572479466490500566583

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +134828-14297237758717274
Cash from Investing Activity +-88-87-75-36-30-11-2-3-5-11-8-28
Cash from Financing Activity +71475839614-42-74-53-62-57-51
Net Cash Flow-5911-1169-210-0-37-5

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-101.00-167.00-234.00-318.00-368.00-519.00-510.00-506.00-323.00-260.00-234.00-209.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1107170726945335159333747
Inventory Days99117125866624375346424733
Days Payable19111216211910570362563627482
Cash Conversion Cycle1976333831-03479421310-2
Working Capital Days90130777245384411139858686
ROCE %6%6%3%-0%5%-7%-1%-2%71%11%13%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters57.05%57.05%57.05%57.05%57.05%57.05%57.05%57.05%57.05%57.05%57.05%57.05%
FIIs0.00%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.03%0.03%
Public42.95%42.92%42.95%42.95%42.95%42.95%42.95%42.95%42.96%42.94%42.92%42.94%
No. of Shareholders4,6785,3645,7325,6725,5525,7145,7395,7435,4515,4726,1736,218

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.494.032.9160.75-29.03
Diluted EPS (Rs.)6.494.032.9160.75-29.03
Cash EPS (Rs.)14.5513.8013.1071.80-15.47
Book Value[Excl.RevalReserv]/Share (Rs.)37.3430.8426.8123.91-66.07
Book Value[Incl.RevalReserv]/Share (Rs.)37.3430.8426.8123.91-66.07
Revenue From Operations / Share (Rs.)251.68212.86204.61120.37147.07
PBDIT / Share (Rs.)25.5424.2123.1491.2010.78
PBIT / Share (Rs.)17.2714.3212.9180.12-2.73
PBT / Share (Rs.)6.283.912.8761.02-28.95
Net Profit / Share (Rs.)6.283.912.8760.73-28.98
NP After MI And SOA / Share (Rs.)6.494.032.9160.75-28.99
PBDIT Margin (%)10.1411.3711.3075.767.33
PBIT Margin (%)6.866.726.3066.56-1.85
PBT Margin (%)2.491.831.4050.69-19.68
Net Profit Margin (%)2.491.831.4050.45-19.70
NP After MI And SOA Margin (%)2.571.891.4250.47-19.71
Return on Networth / Equity (%)17.3813.0710.83254.110.00
Return on Capital Employeed (%)17.6616.6114.7885.61-9.30
Return On Assets (%)3.702.601.9142.03-14.86
Long Term Debt / Equity (X)1.231.571.992.69-1.34
Total Debt / Equity (X)1.952.533.193.46-2.84
Asset Turnover Ratio (%)1.521.391.380.820.68
Current Ratio (X)1.471.381.291.370.45
Quick Ratio (X)1.221.040.981.130.35
Inventory Turnover Ratio (X)9.408.2710.867.867.82
Interest Coverage Ratio (X)2.322.332.304.770.41
Interest Coverage Ratio (Post Tax) (X)1.571.381.294.18-0.10
Enterprise Value (Cr.)912.69429.60491.71319.32486.22
EV / Net Operating Revenue (X)1.120.620.740.821.35
EV / EBITDA (X)11.085.506.591.0918.38
MarketCap / Net Operating Revenue (X)0.840.280.340.160.10
Price / BV (X)5.721.962.610.84-0.23
Price / Net Operating Revenue (X)0.840.280.340.160.10
EarningsYield0.030.060.043.00-1.83

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bedmutha Industries Ltd as of December 10, 2024 is: 164.99

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 10, 2024, Bedmutha Industries Ltd is Overvalued by 19.52% compared to the current share price 205.00

Intrinsic Value of Bedmutha Industries Ltd as of December 10, 2024 is: 111.18

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 10, 2024, Bedmutha Industries Ltd is Overvalued by 45.77% compared to the current share price 205.00

Last 5 Year EPS CAGR: -32.62%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 10.08%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 75.25, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 31.08, which may not be favorable.
    4. The company has higher borrowings (314.23) compared to reserves (33.62), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (521.31) and profit (-3.77).

    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 Bedmutha Industries Ltd:
      1. Net Profit Margin: 2.49%
        • 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: 17.66% (Industry Average ROCE: 16.2%)
        • 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%: 17.38% (Industry Average ROE: 19.06%)
        • 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): 1.57
        • 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: 1.22
        • 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: 19.9 (Industry average Stock P/E: 22.35)
        • 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: 1.95
        • 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

    Bedmutha Industries Ltd. is a Public Limited Listed company incorporated on 23/08/1990 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31200MH1990PLC057863 and registration number is 057863. Currently company belongs to the Industry of Steel - Wires. Company’s Total Operating Revenue is Rs. 660.16 Cr. and Equity Capital is Rs. 32.26 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Steel - WiresA 70/71/72, Nasik Maharashtra 422112cs@bedmutha.com
    http://www.bedmutha.com
    Management
    NamePosition Held
    Mr. Kachardas Ratanchand BedmuthaChairman
    Mr. Vijay Kachardas VedmuthaManaging Director
    Mr. Ajay Kachardas VedmuthaManaging Director & CFO
    Mr. Narayan KaduIndependent Director
    Mrs. Vandana SonwaneyIndependent Director
    Mr. Shreekrishna MaratheIndependent Director
    Mr. Sanjaya KandpalIndependent Director

    FAQ

    What is the latest intrinsic value of Bedmutha Industries Ltd?

    The latest intrinsic value of Bedmutha Industries Ltd as on 09 December 2024 is ₹164.99, which is 19.52% lower than the current market price of ₹205.00. The stock has a market capitalization of 674 Cr. and recorded a high/low of ₹323/157 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹109 Cr and total liabilities of ₹583 Cr.

    What is the Market Cap of Bedmutha Industries Ltd?

    The Market Cap of Bedmutha Industries Ltd is 674 Cr..

    What is the current Stock Price of Bedmutha Industries Ltd as on 09 December 2024?

    The current stock price of Bedmutha Industries Ltd as on 09 December 2024 is 205.

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

    In FY 2024-2025, the High / Low of Bedmutha Industries Ltd stocks is 323/157.

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

    The Stock P/E of Bedmutha Industries Ltd is 19.9.

    What is the Book Value of Bedmutha Industries Ltd?

    The Book Value of Bedmutha Industries Ltd is 43.7.

    What is the Dividend Yield of Bedmutha Industries Ltd?

    The Dividend Yield of Bedmutha Industries Ltd is 0.00 %.

    What is the ROCE of Bedmutha Industries Ltd?

    The ROCE of Bedmutha Industries Ltd is 15.8 %.

    What is the ROE of Bedmutha Industries Ltd?

    The ROE of Bedmutha Industries Ltd is 18.6 %.

    What is the Face Value of Bedmutha Industries Ltd?

    The Face Value of Bedmutha Industries 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 Bedmutha 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