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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bedmutha Industries Ltd

About the Company - Bedmutha Industries Ltd

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, Sinnar Taluka Industrial Co-operative Estate (STICE), Musalgaon, 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
Mr. Narayan KaduIndependent Director
Mrs. Vandana SonwaneyIndependent Director
Mr. Shreekrishna MaratheIndependent Director

Basic Stock Data of Bedmutha Industries Ltd

Last Updated: June 24, 2024, 8:43 pm

Market Cap 774 Cr.
Current Price 239
High / Low323/50.1
Stock P/E37.0
Book Value 37.3
Dividend Yield0.00 %
ROCE13.9 %
ROE19.0 %
Face Value 10.0
PEG Ratio0.36

Bedmutha Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales110.37110.20118.68144.18189.14153.16173.69172.07168.24155.47191.01191.89199.05
Expenses105.14111.39139.34141.27185.06146.84170.69168.02167.54147.85186.64189.01190.55
Operating Profit5.23-1.19-20.662.914.086.323.004.050.707.624.372.888.50
OPM %4.74%-1.08%-17.41%2.02%2.16%4.13%1.73%2.35%0.42%4.90%2.29%1.50%4.27%
Other Income8.038.49290.3510.9915.8914.2117.2616.1914.7213.7816.6816.2310.69
Interest15.6716.0414.438.097.928.098.297.928.758.058.869.408.95
Depreciation8.829.159.058.168.348.338.177.817.928.078.096.286.52
Profit before tax-11.23-17.89246.21-2.353.714.113.804.51-1.255.284.103.433.72
Tax %0.00%-5.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-11.23-18.79246.28-2.333.724.103.894.60-1.225.334.293.713.98
EPS in Rs-4.57-7.6676.33-0.721.151.271.211.43-0.381.651.331.151.23

Bedmutha Industries Ltd Quarterly Chart

Bedmutha Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales238220226327500642603490360387660687707
Expenses223203209311486612640491361404643670691
Operating Profit151817161530-37-1-1-17161716
OPM %6%8%7%5%3%5%-6%-0%-0%-4%2%2%2%
Other Income2385521332927311586261
Interest12101523415860656462323435
Depreciation56710212927333336333230
Profit before tax142-12-41-36-91-70-7119791312
Tax %-9%35%32%29%3%-0%-0%-0%-0%0%0%0%
Net Profit-021-9-40-36-91-70-7119691312
EPS in Rs-0.580.330.52-4.12-18.93-14.69-35.40-28.74-29.0360.752.914.033.75
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Bedmutha Industries Ltd Profit & Loss Yearly Chart

Bedmutha Industries Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:11%
3 Years:28%
TTM:18%
Compounded Profit Growth
10 Years:34%
5 Years:18%
3 Years:-53%
TTM:67%
Stock Price CAGR
10 Years:33%
5 Years:76%
3 Years:94%
1 Year:343%
Return on Equity
10 Years:%
5 Years:%
3 Years:15%
Last Year:19%

Last Updated: June 17, 2024, 3:09 pm

Bedmutha Industries Ltd Balance Sheet

Last Updated: June 7, 2024, 8:35 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital21212121212525252532323232
Reserves1021031051007142-45-116-18645546775
Preference Capital000000000798898
Borrowings93119184250333398482509505228188154244
Other Liabilities46111130186190211150154135162216246185
Total Liabilities263354440557615675611572479466490500537
Fixed Assets61102103101265243274241210190165146159
CWIP1259143207588337404434383536
Investments1224554322223
Other Assets188190192245287345295287223240285317340
Total Assets263354440557615675611572479466490500537

Bedmutha Industries Ltd Reserves and Borrowings Chart

Bedmutha Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 17134828-142972377587172
Cash from Investing Activity -15-88-87-75-36-30-11-2-3-5-11-8
Cash from Financing Activity 571475839614-42-74-53-62-57
Net Cash Flow7-5911-1169-210-0-37

Bedmutha Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10011071707269453351593337
Inventory Days103991171258666243753464247
Days Payable49191112162119105703625636274
Cash Conversion Cycle1551976333831-03479421310
Working Capital Days169901307772453844111398586
ROCE %6%6%6%3%-0%5%-7%-1%-2%71%11%13%

Bedmutha Industries Ltd Financial Efficiency Indicators Chart

Bedmutha Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%0.00%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.03%
Public42.95%42.95%42.92%42.95%42.95%42.95%42.95%42.95%42.95%42.96%42.94%42.92%
No. of Shareholders5,0184,6785,3645,7325,6725,5525,7145,7395,7435,4515,4726,173

Bedmutha Industries Ltd Shareholding Pattern Chart

No. of Bedmutha Industries Ltd Shareholders

This stock is not held by any mutual fund

Bedmutha Industries Ltd ROCE Trend

Bedmutha Industries Ltd EPS Trend

Bedmutha Industries Ltd 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

Bedmutha Industries Ltd Profitability Ratios (%)

Bedmutha Industries Ltd Liquidity Ratios

Bedmutha Industries Ltd Liquidity Ratios (%)

Bedmutha Industries Ltd Interest Coverage Ratios (%)

Bedmutha Industries Ltd Valuation Ratios

Fair Value

Fair Value: 267.46

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.

Undervalued: 11.91% compared to the current price 239

Intrinsic Value: 540.75

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 126.26% compared to the current price ₹239

Last 5 Year EPS CAGR: 102.18%

*Investments are subject to market risks

Strength and Weakness of Bedmutha Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (32.08 cr) compared to borrowings (20.38 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 9.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 82.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 44.17, which may not be favorable.
  4. The company has not shown consistent growth in sales (465.15) and profit (-6.38).

FAQ

What is the latest fair value of Bedmutha Industries Ltd?

The latest fair value of Bedmutha Industries Ltd is ₹267.46.

What is the Market Cap of Bedmutha Industries Ltd?

The Market Cap of Bedmutha Industries Ltd is 774 Cr..

What is the current Stock Price of Bedmutha Industries Ltd as on 24 June 2024?

The current stock price of Bedmutha Industries Ltd as on 24 June 2024 is ₹239.

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

In FY 2024, the High / Low of Bedmutha Industries Ltd stocks is 323/50.1.

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

The Stock P/E of Bedmutha Industries Ltd is 37.0.

What is the Book Value of Bedmutha Industries Ltd?

The Book Value of Bedmutha Industries Ltd is 37.3.

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 13.9 %.

What is the ROE of Bedmutha Industries Ltd?

The ROE of Bedmutha Industries Ltd is 19.0 %.

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