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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543497 | NSE: BCCL

Fundamental Analysis of Bhatia Colour Chem Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:19 am

Market Cap 64.2 Cr.
Current Price 52.5
High / Low63.0/41.9
Stock P/E23.3
Book Value 49.6
Dividend Yield0.00 %
ROCE7.24 %
ROE4.78 %
Face Value 10.0

Data Source: screener.in

Competitors of Bhatia Colour Chem Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Lasa Supergenerics Ltd 129 Cr. 25.841.2/20.1 22.60.00 %11.9 %14.0 % 10.0
Omkar Speciality Chemicals Ltd 14.1 Cr. 7.0012.4/5.65 83.00.00 %10.5 %% 10.0
Pidilite Industries Ltd 1,53,964 Cr. 3,0273,074/2,29389.9 1480.37 %23.8 %18.7 % 1.00
Rossari Biotech Ltd 4,177 Cr. 756904/65733.3 1770.07 %18.4 %12.4 % 2.00
Clean Science & Technology Ltd 13,809 Cr. 1,3001,622/1,27754.3 1030.38 %44.5 %33.2 % 1.00
Industry Average34,418.62 Cr1,023.1635.50106.720.16%21.82%15.66%4.80

Quarterly Result

MonthSep 2022Sep 2023
Sales5054
Expenses4651
Operating Profit43
OPM %7%6%
Other Income-00
Interest21
Depreciation00
Profit before tax12
Tax %26%26%
Net Profit11
EPS in Rs0.861.21

Last Updated: April 10, 2024, 6:24 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:40 pm

MonthFeb 2022Mar 2022Mar 2023
Sales514110
Expenses513103
Operating Profit117
OPM %10%6%7%
Other Income000
Interest003
Depreciation000
Profit before tax114
Tax %31%27%27%
Net Profit013
EPS in Rs0.480.432.24
Dividend Payout %0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2022-2023
YoY Net Profit Growth (%)200.00%
Change in YoY Net Profit Growth (%)0.00%

Bhatia Colour Chem Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 1 years from 2022-2023 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:681%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:431%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:22%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:5%

Last Updated: April 23, 2024, 10:11 am

Balance Sheet

MonthFeb 2022Mar 2022Mar 2023Sep 2023
Equity Capital7121212
Reserves9444748
Borrowings0642012
Other Liabilities20273426
Total Liabilities3714811398
Fixed Assets0011
CWIP0000
Investments0000
Other Assets3714811297
Total Assets3714811398

Reserves and Borrowings Chart

Cash Flow

MonthFeb 2022Mar 2022Mar 2023
Cash from Operating Activity -14-8514
Cash from Investing Activity -0-0-0
Cash from Financing Activity 16120-48
Net Cash Flow234-34

Free Cash Flow

MonthFeb 2022Mar 2022Mar 2023
Free Cash Flow1.00-63.00-13.00

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

MonthFeb 2022Mar 2022Mar 2023
Debtor Days2,1262,220309
Inventory Days39081367
Days Payable2,017872128
Cash Conversion Cycle4982,162247
Working Capital Days9922,227258
ROCE %7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Sep 2022Mar 2023Sep 2023
Promoters44.14%44.14%45.85%45.85%
Public55.86%55.85%54.15%54.15%
No. of Shareholders231283380449

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 222202
FaceValue10.0010.0010.00
Basic EPS (Rs.)2.240.420.49
Diluted EPS (Rs.)2.240.420.49
Cash EPS (Rs.)2.390.450.49
Book Value[Excl.RevalReserv]/Share (Rs.)48.3646.1223.04
Book Value[Incl.RevalReserv]/Share (Rs.)48.3646.1223.04
Revenue From Operations / Share (Rs.)90.0911.557.35
PBDIT / Share (Rs.)6.060.730.74
PBIT / Share (Rs.)5.900.690.73
PBT / Share (Rs.)3.080.580.71
Net Profit / Share (Rs.)2.240.420.48
PBDIT Margin (%)6.726.3310.11
PBIT Margin (%)6.556.0110.01
PBT Margin (%)3.425.049.76
Net Profit Margin (%)2.483.666.63
Return on Networth / Equity (%)4.620.912.11
Return on Capital Employeed (%)9.191.103.16
Return On Assets (%)2.420.340.94
Long Term Debt / Equity (X)0.320.350.01
Total Debt / Equity (X)0.331.140.01
Asset Turnover Ratio (%)0.840.000.00
Current Ratio (X)3.262.061.81
Quick Ratio (X)2.771.711.62
Inventory Turnover Ratio (X)4.450.000.00
Interest Coverage Ratio (X)2.156.5143.38
Interest Coverage Ratio (Post Tax) (X)1.804.7729.53
Enterprise Value (Cr.)71.5382.560.00
EV / Net Operating Revenue (X)0.645.840.00
EV / EBITDA (X)9.6592.270.00
MarketCap / Net Operating Revenue (X)0.473.700.00
Price / BV (X)0.870.920.00
Price / Net Operating Revenue (X)0.473.700.00
EarningsYield0.050.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 56.35

The stock is undervalued by 7.33% compared to the current price ₹52.5

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 (37.00 cr) compared to borrowings (24.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (43.00 cr) and profit (2.00 cr) over the years.
  1. The stock has a low average ROCE of 2.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 417.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 249.00, 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 Bhatia Colour Chem Ltd:
    1. Net Profit Margin: 2.48%
      • 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: 9.19% (Industry Average ROCE: 14.9%)
      • 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%: 4.62% (Industry Average ROE: 10.32%)
      • 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): 1.80
      • 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: 2.77
      • 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: 23.3 (Industry average Stock P/E: 26.5)
      • 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: 0.33
      • 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

Bhatia Colour Chem Ltd. is a Public Limited Listed company incorporated on 10/12/2021 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24290GJ2021PLC127878 and registration number is 127878. Currently company belongs to the Industry of Chemicals - Speciality - Others. Company’s Total Operating Revenue is Rs. 14.12 Cr. and Equity Capital is Rs. 12.23 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersPlot No. A/2/12, Road No. 1, Surat Gujarat 394210cs@bccindia.com
https://www.bccl.info
Management
NamePosition Held
Mr. Bharat Brijlal BhatiaManaging Director
Mr. Rameshchand Chanduram BhatiaWhole Time Director
Mr. Ravi Ashokkumar BhatiaWhole Time Director
Mr. Nevil Prameshkumar SoniIndependent Director
Ms. Rutu Milindbhai SanghviIndependent Director
Ms. Insiya Qaidjohar NalawalaIndependent Director

Bhatia Colour Chem Ltd. Share Price Update

Share PriceValue
Today₹52.50
Previous Day₹50.00

FAQ

What is the latest fair value of Bhatia Colour Chem Ltd?

The latest fair value of Bhatia Colour Chem Ltd is 56.35.

What is the Market Cap of Bhatia Colour Chem Ltd?

The Market Cap of Bhatia Colour Chem Ltd is 64.2 Cr..

What is the current Stock Price of Bhatia Colour Chem Ltd as on 23 April 2024?

The current stock price of Bhatia Colour Chem Ltd as on 23 April 2024 is 52.5.

What is the High / Low of Bhatia Colour Chem Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bhatia Colour Chem Ltd stocks is ₹63.0/41.9.

What is the Stock P/E of Bhatia Colour Chem Ltd?

The Stock P/E of Bhatia Colour Chem Ltd is 23.3.

What is the Book Value of Bhatia Colour Chem Ltd?

The Book Value of Bhatia Colour Chem Ltd is 49.6.

What is the Dividend Yield of Bhatia Colour Chem Ltd?

The Dividend Yield of Bhatia Colour Chem Ltd is 0.00 %.

What is the ROCE of Bhatia Colour Chem Ltd?

The ROCE of Bhatia Colour Chem Ltd is 7.24 %.

What is the ROE of Bhatia Colour Chem Ltd?

The ROE of Bhatia Colour Chem Ltd is 4.78 %.

What is the Face Value of Bhatia Colour Chem Ltd?

The Face Value of Bhatia Colour Chem 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 Bhatia Colour Chem 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