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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bharat Bijlee Ltd

About the Company - Bharat Bijlee Ltd

Bharat Bijlee Ltd. is a Public Limited Listed company incorporated on 22/06/1946 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31300MH1946PLC005017 and registration number is 005017. Currently Company is involved in the business activities of Manufacture of other electrical equipment. Company’s Total Operating Revenue is Rs. 1265.74 Cr. and Equity Capital is Rs. 5.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - TransformersElectric Mansion, 6th Floor, Appasaheb Marathe Marg, Mumbai Maharashtra 400025investorcare@bharatbijlee.com
http://www.bharatbijlee.com
Management
NamePosition Held
Mr. Prakash V MehtaChairman & Ind.Dire (Non-Exe)
Mr. Nikhil J DananiVice Chairman & Mng.Director
Mr. Nakul P MehtaVice Chairman & Mng.Director
Mr. Shome N DananiExecutive Director
Mr. Sanjiv N ShahInd. Non-Executive Director
Mr. Jairaj C ThackerInd. Non-Executive Director
Ms. Mahnaz A CurmallyInd. Non-Executive Director
Mr. Rajeshwar D BajaajInd. Non-Executive Director

Bharat Bijlee Ltd. Share Price Update

Share PriceValue
Today₹6,580.00
Previous Day₹6,790.70

Basic Stock Data of Bharat Bijlee Ltd

Last Updated: April 6, 2024, 5:47 am

Market Cap 3,649 Cr.
Current Price 6,461
High / Low6,649/2,536
Stock P/E33.2
Book Value 2,604
Dividend Yield0.62 %
ROCE8.85 %
ROE6.65 %
Face Value 10.0

Data Source: screener.in

Competitors of Bharat Bijlee Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ujaas Energy Ltd 45.1 Cr. 2.252.86/1.851.88 3.620.00 %1.55 %29.5 % 1.00
IMP Powers Ltd 4.84 Cr. 5.607.25/2.90 2950.00 %65.1 %% 10.0
Alfa Transformers Ltd 82.2 Cr. 89.8121/20.010.7 23.70.00 %9.84 %7.82 % 10.0
Industry Average44.05 Cr32.554.19107.440.00%25.50%12.44%7.00

Bharat Bijlee Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales222290288305323349277324388430441420424
Expenses198276266283298335255300355391409381385
Operating Profit24142223251522243339333839
OPM %11%5%8%7%8%4%8%7%8%9%7%9%9%
Other Income5105659777810710
Interest4456555567555
Depreciation3333333333334
Profit before tax23171819211621233137333740
Tax %32%24%24%26%25%27%24%25%24%27%24%24%25%
Net Profit16131414161216172327252830
EPS in Rs27.7623.0924.2125.4628.1320.5428.8929.9740.8647.5344.8249.3552.53

Last Updated: April 1, 2024, 6:30 pm

Bharat Bijlee Ltd Quarterly Chart

Bharat Bijlee Ltd Profit & Loss

Last Updated: April 1, 2024, 6:30 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7175414856106386777749329297311,2661,4181,715
Expenses7035414916286186587378728586921,1791,2991,566
Operating Profit15-0-6-1820203761703987120149
OPM %2%-0%-1%-3%3%3%5%7%8%5%7%8%9%
Other Income77171818212768293027242935
Interest16151523231923202319242423
Depreciation10111112101098910121314
Profit before tax66-8-13-347187362693775111147
Tax %19%41%16%1%2%20%16%33%34%29%25%25%
Net Profit54-5-11-34714614246265683110
EPS in Rs94.96-8.62-19.98-60.2512.7225.51107.8873.4880.7246.0998.34147.25194.23
Dividend Payout %26%-29%0%0%0%0%2%17%15%11%30%27%

Bharat Bijlee Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-109.26%-120.00%-209.09%120.59%100.00%335.71%-31.15%9.52%-43.48%115.38%48.21%
Change in YoY Net Profit Growth (%)0.00%-10.74%-89.09%329.68%-20.59%235.71%-366.86%40.67%-53.00%158.86%-67.17%

Bharat Bijlee Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:13%
3 Years:15%
TTM:28%
Compounded Profit Growth
10 Years:33%
5 Years:29%
3 Years:23%
TTM:62%
Stock Price CAGR
10 Years:29%
5 Years:45%
3 Years:84%
1 Year:158%
Return on Equity
10 Years:4%
5 Years:5%
3 Years:5%
Last Year:7%

Bharat Bijlee Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Reserves3133062952602676466867467509671,1181,3721,466
Borrowings608581133169178215199248238279287213
Other Liabilities227193193201201213208197237266258386453
Total Liabilities6065895765996421,0421,1141,1481,2401,4761,6602,0522,138
Fixed Assets909794847772656974102105108109
CWIP52111178243328
Investments10241288352347376353561673890974
Other Assets5014664695075566186936957908108781,0511,047
Total Assets6065895765996421,0421,1141,1481,2401,4761,6602,0522,138

Bharat Bijlee Ltd Reserves and Borrowings Chart

Bharat Bijlee Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -576-41-513-53531239-952
Cash from Investing Activity -19-121110-11626-20-22-13-14-10
Cash from Financing Activity 7-6-183114-718-3410-2017-31
Net Cash Flow-17-11-10-212-10-116-611

Bharat Bijlee Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1091271191271281201401001151209999
Inventory Days6884120688091748111419086116
Days Payable10012314211511411510384961335471
Cash Conversion Cycle76889780949711198133178130145
Working Capital Days11914217998107141188172197257122174
ROCE %15%2%0%-3%7%6%6%9%9%5%8%9%

Bharat Bijlee Ltd Financial Efficiency Indicators Chart

Bharat Bijlee Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters33.45%33.45%33.45%33.45%33.45%33.45%33.45%33.86%33.86%33.86%33.86%33.72%
FIIs0.00%0.06%0.18%0.37%0.60%0.63%0.76%0.82%0.88%1.68%2.07%2.14%
DIIs15.55%14.58%12.63%10.85%10.22%9.37%8.17%6.81%6.06%5.04%5.66%7.82%
Public51.00%51.91%53.74%55.33%55.73%56.55%57.61%58.50%59.20%59.43%58.40%56.33%
No. of Shareholders17,32818,33419,60620,84722,93123,24923,84724,25526,13029,12534,47936,698

Bharat Bijlee Ltd Shareholding Pattern Chart

No. of Bharat Bijlee Ltd Shareholders

Bharat Bijlee Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Mahindra Manulife Small Cap Fund749651.1736.23
LIC MF Large & Mid Cap Fund644751.2631.16
Quant Infrastructure Fund644702.3631.16
LIC MF Infrastructure Fund157244.837.6
LIC MF Small Cap Fund89602.244.33
Taurus Infrastructure Fund5673.570.27

Bharat Bijlee Ltd ROCE Trend

Bharat Bijlee Ltd EPS Trend

Bharat Bijlee Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)147.2698.3446.0980.6973.49
Diluted EPS (Rs.)147.2698.3446.0980.6973.49
Cash EPS (Rs.)170.14119.6763.2496.5988.31
Book Value[Excl.RevalReserv]/Share (Rs.)2437.721987.681720.351336.821330.53
Book Value[Incl.RevalReserv]/Share (Rs.)2437.721987.681720.351336.821330.53
Dividend / Share (Rs.)40.0030.005.0012.5012.50
Revenue From Operations / Share (Rs.)2509.902239.611293.531643.301649.66
PBDIT / Share (Rs.)258.97190.45112.05173.71154.33
PBIT / Share (Rs.)236.09169.1294.90157.84139.51
PBT / Share (Rs.)197.04131.9264.86121.94109.58
Net Profit / Share (Rs.)147.2698.3446.0980.7273.48
PBDIT Margin (%)10.318.508.6610.579.35
PBIT Margin (%)9.407.557.339.608.45
PBT Margin (%)7.855.895.017.426.64
Net Profit Margin (%)5.864.393.564.914.45
Return on Networth / Equity (%)6.044.942.676.035.52
Return on Capital Employeed (%)9.238.205.3611.7710.46
Return On Assets (%)4.053.341.763.673.61
Total Debt / Equity (X)0.200.240.240.320.26
Asset Turnover Ratio (%)0.760.800.530.770.82
Current Ratio (X)1.721.381.681.591.71
Quick Ratio (X)1.200.931.141.181.34
Inventory Turnover Ratio (X)4.153.742.473.985.44
Dividend Payout Ratio (NP) (%)20.375.080.0030.973.40
Dividend Payout Ratio (CP) (%)17.634.170.0025.882.83
Earning Retention Ratio (%)79.6394.920.0069.0396.60
Cash Earning Retention Ratio (%)82.3795.830.0074.1297.17
Interest Coverage Ratio (X)6.635.123.734.845.16
Interest Coverage Ratio (Post Tax) (X)4.773.642.533.253.46
Enterprise Value (Cr.)1701.901250.14853.45563.62803.72
EV / Net Operating Revenue (X)1.200.981.170.600.86
EV / EBITDA (X)11.6311.6113.485.749.21
MarketCap / Net Operating Revenue (X)1.010.770.860.340.66
Retention Ratios (%)79.6294.910.0069.0296.59
Price / BV (X)1.040.870.640.420.82
Price / Net Operating Revenue (X)1.010.770.860.340.66
EarningsYield0.050.050.040.140.06

Bharat Bijlee Ltd Profitability Ratios (%)

Bharat Bijlee Ltd Liquidity Ratios

Bharat Bijlee Ltd Liquidity Ratios (%)

Bharat Bijlee Ltd Interest Coverage Ratios (X)

Bharat Bijlee Ltd Valuation Ratios

Fair Value / Intrinsic Value of Bharat Bijlee Ltd

Fair Value: 5784.76

The stock is overvalued by 10.47% compared to the current price ₹6461

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 of Bharat Bijlee Ltd

StrengthWeakness
  1. The company has higher reserves (707.08 cr) compared to borrowings (183.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (541.31 cr) and profit (46.92 cr) over the years.
  1. The stock has a low average ROCE of 6.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 158.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 110.58, which may not be favorable.

Should I Buy Bharat Bijlee Ltd Share Now?

  • 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 Bharat Bijlee Ltd:
    1. Net Profit Margin: 5.86%
      • 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: 9.23% (Industry Average ROCE: 25.5%)
      • 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%: 6.04% (Industry Average ROE: 12.44%)
      • 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): 4.77
      • 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: 1.20
      • 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: 33.2 (Industry average Stock P/E: 4.19)
      • 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: 0.20
      • 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: ★★★︎☆☆

FAQ

What is the latest fair value of Bharat Bijlee Ltd?

The latest fair value of Bharat Bijlee Ltd is ₹5784.76.

What is the Market Cap of Bharat Bijlee Ltd?

The Market Cap of Bharat Bijlee Ltd is 3,649 Cr..

What is the current Stock Price of Bharat Bijlee Ltd as on 06 April 2024?

The current stock price of Bharat Bijlee Ltd as on 06 April 2024 is 6,461.

What is the High / Low of Bharat Bijlee Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bharat Bijlee Ltd stocks is ₹6,649/2,536.

What is the Stock P/E of Bharat Bijlee Ltd?

The Stock P/E of Bharat Bijlee Ltd is 33.2.

What is the Book Value of Bharat Bijlee Ltd?

The Book Value of Bharat Bijlee Ltd is 2,604.

What is the Dividend Yield of Bharat Bijlee Ltd?

The Dividend Yield of Bharat Bijlee Ltd is 0.62 %.

What is the ROCE of Bharat Bijlee Ltd?

The ROCE of Bharat Bijlee Ltd is 8.85 %.

What is the ROE of Bharat Bijlee Ltd?

The ROE of Bharat Bijlee Ltd is 6.65 %.

What is the Face Value of Bharat Bijlee Ltd?

The Face Value of Bharat Bijlee 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 Bharat Bijlee 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