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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 522650 | NSE: BEMHY

Fundamental Analysis of Bemco Hydraulics Ltd

Basic Stock Data

Last Updated: April 23, 2024, 10:31 am

Market Cap 285 Cr.
Current Price 1,305
High / Low1,384/500
Stock P/E37.5
Book Value 237
Dividend Yield0.00 %
ROCE10.9 %
ROE8.60 %
Face Value 10.0

Data Source: screener.in

Competitors of Bemco Hydraulics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales16.5024.439.096.2020.4429.775.3416.019.8417.2422.2920.4413.45
Expenses13.4320.628.005.4716.7324.247.0111.958.4314.2319.1516.9011.17
Operating Profit3.073.811.090.733.715.53-1.674.061.413.013.143.542.28
OPM %18.61%15.60%11.99%11.77%18.15%18.58%-31.27%25.36%14.33%17.46%14.09%17.32%16.95%
Other Income0.150.120.130.170.190.110.270.20-0.120.110.120.340.18
Interest0.540.640.540.650.560.900.380.400.530.490.410.410.45
Depreciation0.250.180.190.230.240.270.250.210.200.190.170.190.17
Profit before tax2.433.110.490.023.104.47-2.033.650.562.442.683.281.84
Tax %33.33%56.27%69.39%-450.00%50.65%10.29%20.69%10.68%23.21%25.82%25.75%20.12%36.41%
Net Profit1.611.370.140.111.534.01-1.613.270.431.811.992.631.17
EPS in Rs7.366.270.640.507.0018.34-7.3614.951.978.289.1012.035.35

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:51 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales21.3141.8141.7748.2832.4364.4565.5148.4473.42
Expenses21.1137.5636.9743.2028.8854.5754.4541.6161.45
Operating Profit0.204.254.805.083.559.8811.066.8311.97
OPM %0.94%10.17%11.49%10.52%10.95%15.33%16.88%14.10%16.30%
Other Income0.373.520.370.710.520.490.590.460.75
Interest2.683.183.193.032.622.552.641.811.76
Depreciation1.261.300.740.840.850.840.940.850.72
Profit before tax-3.373.291.241.920.606.988.074.6310.24
Tax %0.00%26.44%33.06%46.88%118.33%43.41%28.13%15.98%
Net Profit-3.362.420.821.03-0.113.945.793.897.60
EPS in Rs-15.3711.073.754.71-0.5018.0226.4817.7934.76
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)172.02%-66.12%25.61%-110.68%3681.82%46.95%-32.82%
Change in YoY Net Profit Growth (%)0.00%-238.14%91.73%-136.29%3792.50%-3634.86%-79.77%

Growth

Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:14%
TTM:20%
Compounded Profit Growth
10 Years:%
5 Years:36%
3 Years:234%
TTM:25%
Stock Price CAGR
10 Years:33%
5 Years:62%
3 Years:65%
1 Year:91%
Return on Equity
10 Years:%
5 Years:8%
3 Years:11%
Last Year:9%

Last Updated: April 16, 2024, 1:24 pm

Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2.192.192.192.192.192.192.192.192.19
Reserves-1.1529.4830.5031.4831.2035.1641.0645.0049.65
Preference Capital3.200.003.183.182.982.982.982.99
Borrowings22.0021.7118.1813.7219.5211.6610.1911.1910.63
Other Liabilities20.4028.1029.3133.8332.4535.5537.1835.9439.41
Total Liabilities43.4481.4880.1881.2285.3684.5690.6294.32101.88
Fixed Assets8.3743.0844.4144.7144.2144.2244.1343.4443.31
CWIP0.000.000.150.200.200.000.000.000.00
Investments0.000.210.230.220.160.240.280.320.42
Other Assets35.0738.1935.3936.0940.7940.1046.2150.5658.15
Total Assets43.4481.4880.1881.2285.3684.5690.6294.32101.88

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.195.015.708.11-1.9312.4112.48-7.09
Cash from Investing Activity -0.37-1.58-2.17-1.29-1.050.39-0.940.70
Cash from Financing Activity 0.29-3.23-3.71-6.943.47-10.31-5.58-2.36
Net Cash Flow0.110.20-0.17-0.130.502.505.95-8.75

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-3.004.251.621.900.576.908.083.84

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 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days158.78111.5793.59105.54125.1694.1291.60132.69
Inventory Days914.33576.19862.37448.873,437.43261.55340.703,035.49
Days Payable390.23308.76487.82311.361,443.22196.69321.771,525.37
Cash Conversion Cycle682.88379.01468.14243.052,119.37158.98110.531,642.81
Working Capital Days235.51101.4489.7453.68135.2956.7549.42173.76
ROCE %9.14%8.27%9.46%6.03%17.65%19.70%10.93%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.69%74.69%74.69%74.69%74.69%74.69%74.69%74.69%74.69%74.69%74.69%74.69%
Public25.31%25.31%25.31%25.31%25.31%25.31%25.30%25.31%25.30%25.31%25.30%25.30%
No. of Shareholders1,9631,9391,9652,0012,0652,1212,2522,3152,3852,5702,5362,607

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.)17.8126.4918.03-0.494.70
Diluted EPS (Rs.)17.8126.4918.03-0.494.70
Cash EPS (Rs.)21.6130.6921.813.368.51
Book Value[Excl.RevalReserv]/Share (Rs.)215.18197.21170.32152.23153.51
Book Value[Incl.RevalReserv]/Share (Rs.)215.18197.21170.32152.23153.51
Revenue From Operations / Share (Rs.)220.83298.66293.85147.84220.14
PBDIT / Share (Rs.)33.2053.0947.2918.5826.38
PBIT / Share (Rs.)29.3548.8243.4514.7222.56
PBT / Share (Rs.)21.1136.7831.822.778.75
Net Profit / Share (Rs.)17.7526.4117.97-0.494.68
NP After MI And SOA / Share (Rs.)17.7526.4117.97-0.494.68
PBDIT Margin (%)15.0317.7716.0912.5611.98
PBIT Margin (%)13.2916.3414.789.9510.24
PBT Margin (%)9.5512.3110.821.873.97
Net Profit Margin (%)8.038.846.11-0.332.12
NP After MI And SOA Margin (%)8.038.846.11-0.332.12
Return on Networth / Equity (%)8.2513.3910.55-0.323.05
Return on Capital Employeed (%)10.9119.3018.816.8510.45
Return On Assets (%)4.126.394.66-0.121.26
Long Term Debt / Equity (X)0.060.070.130.180.18
Total Debt / Equity (X)0.300.300.210.580.41
Asset Turnover Ratio (%)0.500.720.730.380.59
Current Ratio (X)1.421.301.171.021.01
Quick Ratio (X)0.620.850.690.370.46
Inventory Turnover Ratio (X)1.492.171.370.921.15
Interest Coverage Ratio (X)4.034.414.061.551.91
Interest Coverage Ratio (Post Tax) (X)3.153.192.540.951.34
Enterprise Value (Cr.)100.2654.0754.3337.6734.11
EV / Net Operating Revenue (X)2.070.820.841.160.70
EV / EBITDA (X)13.774.645.249.245.89
MarketCap / Net Operating Revenue (X)1.830.800.800.620.43
Price / BV (X)1.881.221.390.600.62
Price / Net Operating Revenue (X)1.830.800.800.620.43
EarningsYield0.040.110.07-0.010.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 779.61

The stock is overvalued by 40.26% compared to the current price ₹1305

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 (32.49 cr) compared to borrowings (2.39 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (48.60 cr) and profit (3.73 cr) over the years.
  1. The stock has a low average ROCE of 10.15%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 111.95, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 255.70, 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 Bemco Hydraulics Ltd:
    1. Net Profit Margin: 8.03%
      • 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: 10.91% (Industry Average ROCE: 0%)
      • 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%: 8.25% (Industry Average ROE: 0%)
      • 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): 3.15
      • 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: 0.62
      • 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: 37.5 (Industry average Stock P/E: 0)
      • 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: 0.30
      • 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

Bemco Hydraulics Ltd. is a Public Limited Listed company incorporated on 14/03/1957 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L51101KA1957PLC001283 and registration number is 001283. Currently company belongs to the Industry of Hydraulics. Company’s Total Operating Revenue is Rs. 62.25 Cr. and Equity Capital is Rs. 2.19 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
HydraulicsUdyambag, Industrial Estate, Belagavi Karnataka 590008isc@bemcohydraulics.net
http://www.bemcohydraulics.net
Management
NamePosition Held
Mr. Vijay Kumar MohtaInd. Non-Executive Director
Mr. Anirudh MohtaManaging & Executive Director
Mrs. Urmila Devi MohtaChairman & Non-Exe.Director
Mr. Ramesh ShahInd. Non-Executive Director
Mr. Nawal Kishor DagaInd. Non-Executive Director
Mr. Dilip ChandakInd. Non-Executive Director

Bemco Hydraulics Ltd. Share Price Update

Share PriceValue
Today₹1,304.60
Previous Day₹1,287.10

FAQ

What is the latest fair value of Bemco Hydraulics Ltd?

The latest fair value of Bemco Hydraulics Ltd is 779.61.

What is the Market Cap of Bemco Hydraulics Ltd?

The Market Cap of Bemco Hydraulics Ltd is 285 Cr..

What is the current Stock Price of Bemco Hydraulics Ltd as on 23 April 2024?

The current stock price of Bemco Hydraulics Ltd as on 23 April 2024 is 1,305.

What is the High / Low of Bemco Hydraulics Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bemco Hydraulics Ltd stocks is ₹1,384/500.

What is the Stock P/E of Bemco Hydraulics Ltd?

The Stock P/E of Bemco Hydraulics Ltd is 37.5.

What is the Book Value of Bemco Hydraulics Ltd?

The Book Value of Bemco Hydraulics Ltd is 237.

What is the Dividend Yield of Bemco Hydraulics Ltd?

The Dividend Yield of Bemco Hydraulics Ltd is 0.00 %.

What is the ROCE of Bemco Hydraulics Ltd?

The ROCE of Bemco Hydraulics Ltd is 10.9 %.

What is the ROE of Bemco Hydraulics Ltd?

The ROE of Bemco Hydraulics Ltd is 8.60 %.

What is the Face Value of Bemco Hydraulics Ltd?

The Face Value of Bemco Hydraulics 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 Bemco Hydraulics 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