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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 504646 | NSE: BGWTATO

Fundamental Analysis of Bhagwati Autocast Ltd

Basic Stock Data

Last Updated: April 19, 2024, 5:38 pm

Data Source: screener.in

Competitors of Bhagwati Autocast 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
Sales31.3533.3532.7734.5921.5123.3045.1642.4329.4436.2738.0239.5924.40
Expenses29.2831.0031.6033.0323.5722.4140.9738.5826.8432.1634.2935.3524.12
Operating Profit2.072.351.171.56-2.060.894.193.852.604.113.734.240.28
OPM %6.60%7.05%3.57%4.51%-9.58%3.82%9.28%9.07%8.83%11.33%9.81%10.71%1.15%
Other Income0.010.000.020.040.000.020.000.010.020.040.010.030.05
Interest0.100.150.120.220.270.000.390.270.280.300.280.240.26
Depreciation0.580.600.550.610.620.600.680.690.690.690.620.630.63
Profit before tax1.401.600.520.77-2.950.313.122.901.653.162.843.40-0.56
Tax %26.43%28.12%26.92%23.38%26.44%25.81%25.96%31.03%28.48%29.43%27.82%76.18%101.79%
Net Profit1.031.150.370.59-2.160.242.302.001.192.232.050.800.01
EPS in Rs3.583.991.282.05-7.500.837.986.944.137.747.122.780.03

Last Updated: April 10, 2024, 6:22 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 8:25 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales58698264647090120100104112154138
Expenses556572646065851129499111140126
Operating Profit3410045486521512
OPM %6%6%12%0%7%7%5%7%6%5%1%10%9%
Other Income010000000-0000
Interest1111111110111
Depreciation1223222222233
Profit before tax127-4121532-1119
Tax %38%31%31%27%34%43%24%25%29%28%28%29%
Net Profit115-3111422-185
EPS in Rs2.715.1016.14-8.962.714.443.8512.817.505.97-3.3326.8017.67
Dividend Payout %18%14%6%-6%26%18%21%8%13%17%-30%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%400.00%-160.00%133.33%0.00%0.00%300.00%-50.00%0.00%-150.00%900.00%
Change in YoY Net Profit Growth (%)0.00%400.00%-560.00%293.33%-133.33%0.00%300.00%-350.00%50.00%-150.00%1050.00%

Growth

Compounded Sales Growth
10 Years:8%
5 Years:12%
3 Years:15%
TTM:-1%
Compounded Profit Growth
10 Years:18%
5 Years:47%
3 Years:54%
TTM:-11%
Stock Price CAGR
10 Years:28%
5 Years:28%
3 Years:50%
1 Year:42%
Return on Equity
10 Years:8%
5 Years:11%
3 Years:10%
Last Year:25%

Last Updated: April 17, 2024, 10:14 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3333333333333
Reserves13141916161819222425243234
Borrowings7687598965181110
Other Liabilities21212620191323192023192328
Total Liabilities44455645434352535356646875
Fixed Assets17172018161514151615343130
CWIP0000000101000
Investments0000000000000
Other Assets26273627272838373740303744
Total Assets44455645434352535356646875

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 51232-14465712
Cash from Investing Activity -3-1-4-1-1-1-2-4-2-2-20-0
Cash from Financing Activity -1-12-2-12-2-0-4-212-9
Net Cash Flow1-0-0-0-000-00-0-03

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-4.00-2.002.00-7.00-1.00-4.00-4.00-1.000.000.00-16.004.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days887996104110109120901051156962
Inventory Days645558605672603752433928
Days Payable170138146159165132179981351419780
Cash Conversion Cycle-19-48524812923171010
Working Capital Days282948455478605461623930
ROCE %9%14%29%-10%7%11%8%19%12%9%-2%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters72.93%73.06%73.12%73.14%73.14%73.32%73.32%73.45%73.75%73.89%73.89%73.89%
Public27.07%26.94%26.88%26.86%26.86%26.68%26.69%26.56%26.25%26.10%26.10%26.10%
No. of Shareholders2,3382,3732,3372,2842,2832,2692,2632,1902,2032,5572,8412,786

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.)26.80-3.325.977.5112.81
Diluted EPS (Rs.)26.80-3.325.977.5112.81
Cash EPS (Rs.)36.344.9114.0415.8620.91
Book Value[Excl.RevalReserv]/Share (Rs.)119.4993.7598.1392.7386.47
Book Value[Incl.RevalReserv]/Share (Rs.)119.4993.7598.1392.7386.47
Dividend / Share (Rs.)2.001.001.001.001.00
Revenue From Operations / Share (Rs.)535.81389.39362.34348.87416.43
PBDIT / Share (Rs.)51.425.6717.9022.3829.02
PBIT / Share (Rs.)41.88-2.569.8314.0320.93
PBT / Share (Rs.)37.60-4.648.2810.5717.11
Net Profit / Share (Rs.)26.80-3.325.977.5012.81
PBDIT Margin (%)9.591.454.946.416.96
PBIT Margin (%)7.81-0.652.714.025.02
PBT Margin (%)7.01-1.192.283.024.10
Net Profit Margin (%)5.00-0.851.642.153.07
Return on Networth / Equity (%)22.42-3.546.088.0914.81
Return on Capital Employeed (%)26.77-1.899.4413.8822.54
Return On Assets (%)11.33-1.493.054.086.94
Long Term Debt / Equity (X)0.240.390.010.030.01
Total Debt / Equity (X)0.310.680.140.210.34
Asset Turnover Ratio (%)2.341.861.911.892.27
Current Ratio (X)1.591.191.521.531.38
Quick Ratio (X)1.310.931.301.271.15
Inventory Turnover Ratio (X)13.0910.057.937.069.34
Dividend Payout Ratio (NP) (%)3.73-30.0916.7513.326.24
Dividend Payout Ratio (CP) (%)2.7520.377.126.303.82
Earning Retention Ratio (%)96.27130.0983.2586.6893.76
Cash Earning Retention Ratio (%)97.2579.6392.8893.7096.18
Interest Coverage Ratio (X)12.022.7311.546.477.61
Interest Coverage Ratio (Post Tax) (X)7.26-0.594.853.174.36
Enterprise Value (Cr.)92.7267.1943.9037.4048.56
EV / Net Operating Revenue (X)0.600.590.420.370.40
EV / EBITDA (X)6.2641.128.515.805.81
MarketCap / Net Operating Revenue (X)0.550.430.380.320.33
Retention Ratios (%)96.26130.0983.2486.6793.75
Price / BV (X)2.471.811.421.211.62
Price / Net Operating Revenue (X)0.550.430.380.320.33
EarningsYield0.09-0.010.040.060.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Data is incomplete for fair value calculation.

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (21.23 cr) compared to borrowings (8.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (94.23 cr) and profit (3.00 cr) over the years.
  1. The stock has a low average ROCE of 11.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 49.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 10.83, 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 Bhagwati Autocast Ltd:
    1. Net Profit Margin: 5.00%
      • 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: 26.77% (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%: 22.42% (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): 7.26
      • 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: 1.31
      • 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: N/A (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: 0.31
      • 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

Bhagwati Autocast Ltd. is a Public Limited Listed company incorporated on 20/10/1981 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L27100GJ1981PLC004718 and registration number is 004718. Currently Company is involved in the business activities of Manufacture of other iron and steel casting and products thereof. Company’s Total Operating Revenue is Rs. 112.17 Cr. and Equity Capital is Rs. 2.88 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Parts & AccessoriesSurvey No 816, Ahmedabad District Gujarat 382220autocast@bhagwati.com
http://www.bhagwati.com
Management
NamePosition Held
Dr. Pravin N BhagwatiChairman
Ms. Reena P BhagwatiManaging Director
Mr. Shantanu C MehtaIndependent Director
Mr. Vimal R AmbaniIndependent Director
Mr. Padmin H BuchIndependent Director
Mr. Rajendraprasad J ShahIndependent Director

Bhagwati Autocast Ltd. Share Price Update

Share PriceValue
Today₹432.40
Previous Day₹449.25

FAQ

What is the latest fair value of Bhagwati Autocast Ltd?

The latest fair value of Bhagwati Autocast Ltd is 787.70.

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 Bhagwati Autocast 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