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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 514272 | NSE: BHILSPIN

Fundamental Analysis of Bhilwara Spinners Ltd

Basic Stock Data

Last Updated: April 23, 2024, 9:49 am

Market Cap 114 Cr.
Current Price 126
High / Low160/37.0
Stock P/E247
Book Value 41.0
Dividend Yield0.00 %
ROCE1.24 %
ROE0.98 %
Face Value 10.0

Data Source: screener.in

Competitors of Bhilwara Spinners Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vardhman Polytex Ltd 220 Cr. 81.486.4/37.0 1380.00 %33.7 %% 10.0
Pashupati Cotspin Ltd 161 Cr. 105128/85.043.6 72.30.71 %5.59 %3.74 % 10.0
Trident Ltd 20,359 Cr. 40.052.9/30.348.4 8.140.90 %11.9 %11.0 % 1.00
Padam Cotton Yarns Ltd 14.4 Cr. 37.357.0/13.6 12.20.00 %83.3 %61.6 % 10.0
Suryalakshmi Cotton Mills Ltd 136 Cr. 73.589.5/50.916.6 1410.00 %10.3 %5.91 % 10.0
Industry Average4,178.08 Cr67.4421.7274.330.32%28.96%16.45%8.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0.420.480.601.300.380.390.000.000.970.000.003.444.48
Expenses0.620.640.641.390.480.530.090.130.990.070.123.194.07
Operating Profit-0.20-0.16-0.04-0.09-0.10-0.14-0.09-0.13-0.02-0.07-0.120.250.41
OPM %-47.62%-33.33%-6.67%-6.92%-26.32%-35.90%-2.06%7.27%9.15%
Other Income0.750.720.570.260.630.600.860.371.880.400.260.610.03
Interest0.000.000.000.000.000.000.000.000.010.000.000.020.01
Depreciation0.000.000.000.000.000.010.000.000.000.020.010.010.01
Profit before tax0.550.560.530.170.530.450.770.241.850.310.130.830.42
Tax %14.55%17.86%16.98%17.65%16.98%13.33%16.88%20.83%16.76%22.58%15.38%16.87%16.67%
Net Profit0.480.460.440.140.440.390.640.191.540.240.110.690.36
EPS in Rs0.710.680.650.210.650.580.950.282.280.350.161.020.53

Last Updated: April 10, 2024, 5:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 8:29 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3.101.802.810.212.924.855.352.116.871.972.680.977.92
Expenses3.211.882.910.373.295.785.573.187.532.443.041.297.45
Operating Profit-0.11-0.08-0.10-0.16-0.37-0.93-0.22-1.07-0.66-0.47-0.36-0.320.47
OPM %-3.55%-4.44%-3.56%-76.19%-12.67%-19.18%-4.11%-50.71%-9.61%-23.86%-13.43%-32.99%5.93%
Other Income0.330.150.302.604.303.221.297.355.451.792.053.521.30
Interest0.000.000.000.000.000.010.110.040.000.010.000.010.03
Depreciation0.000.000.000.000.000.000.000.000.000.000.010.020.05
Profit before tax0.220.070.202.443.932.280.966.244.791.311.683.171.69
Tax %18.18%-14.29%45.00%23.77%19.85%21.93%21.88%20.51%19.83%17.56%16.07%17.98%
Net Profit0.180.080.121.863.141.780.754.953.841.081.412.611.40
EPS in Rs0.270.120.182.754.642.631.117.325.681.602.093.862.06
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-55.56%50.00%1450.00%68.82%-43.31%-57.87%560.00%-22.42%-71.88%30.56%85.11%
Change in YoY Net Profit Growth (%)0.00%105.56%1400.00%-1381.18%-112.13%-14.55%617.87%-582.42%-49.45%102.43%54.55%

Growth

Compounded Sales Growth
10 Years:-6%
5 Years:-29%
3 Years:-48%
TTM:482%
Compounded Profit Growth
10 Years:12%
5 Years:-11%
3 Years:132%
TTM:560%
Stock Price CAGR
10 Years:41%
5 Years:60%
3 Years:103%
1 Year:214%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:2%
Last Year:1%

Last Updated: April 17, 2024, 10:42 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6.796.796.796.796.796.766.766.766.766.766.766.766.76
Reserves-1.46-1.39-1.270.593.735.546.2911.2415.0816.1617.5720.1820.99
Borrowings0.000.000.000.000.000.750.980.000.000.000.250.0031.57
Other Liabilities0.480.320.491.611.782.282.451.960.931.391.031.287.97
Total Liabilities5.815.726.018.9912.3015.3316.4819.9622.7724.3125.6128.2267.29
Fixed Assets0.010.010.011.190.890.951.941.512.288.558.688.408.32
CWIP0.000.000.000.000.000.000.000.000.000.000.0010.3645.26
Investments0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets5.805.716.007.8011.4114.3814.5418.4520.4915.7616.939.4613.71
Total Assets5.815.726.018.9912.3015.3316.4819.9622.7724.3125.6128.2267.29

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0.47-0.65-0.41-0.77-5.13-2.31-1.50-7.84-4.264.35-1.879.23
Cash from Investing Activity 0.320.150.301.454.603.160.307.784.68-4.671.91-6.58
Cash from Financing Activity 0.000.000.000.000.000.000.110.040.000.010.000.01
Net Cash Flow-0.15-0.50-0.110.68-0.530.86-1.09-0.010.42-0.300.042.66

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-0.11-0.08-0.10-0.16-0.37-1.68-1.20-1.07-0.66-0.47-0.61-0.32

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 Days347.34411.64146.78156.43116.25309.3136.8415.57268.84229.7559.930.00
Inventory Days26.4119.2116.101,478.250.000.000.000.0016.19106.54620.211,566.83
Days Payable36.0242.6938.921,660.757.3169.0534.22413.96
Cash Conversion Cycle337.73388.16123.97-26.07116.25309.3136.8415.57277.71267.23645.921,152.87
Working Capital Days423.87851.67114.315,179.52-105.00152.77-115.98-290.62249.71105.61536.60918.14
ROCE %4.20%1.30%3.66%4.50%1.23%0.25%5.02%-2.62%0.85%5.50%1.85%1.24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters49.51%49.51%49.51%49.80%49.80%49.80%49.80%49.80%49.80%49.80%49.80%49.80%
FIIs1.62%1.61%1.65%1.55%1.79%1.59%0.00%0.00%1.62%1.63%1.55%1.61%
DIIs0.04%0.04%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public48.83%48.84%48.80%48.62%48.38%48.58%50.18%50.17%48.54%48.55%48.62%48.56%
No. of Shareholders7,1417,1277,1768,8858,8488,6198,4508,2058,0457,8987,8087,702

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.)3.862.081.605.687.32
Diluted EPS (Rs.)3.862.081.605.687.32
Cash EPS (Rs.)3.892.091.605.687.32
Book Value[Excl.RevalReserv]/Share (Rs.)39.8535.9933.9132.3026.62
Book Value[Incl.RevalReserv]/Share (Rs.)39.8535.9933.9132.3026.62
Revenue From Operations / Share (Rs.)1.433.962.9210.163.12
PBDIT / Share (Rs.)0.510.661.830.25-0.62
PBIT / Share (Rs.)0.480.651.830.25-0.62
PBT / Share (Rs.)4.692.491.947.099.22
Net Profit / Share (Rs.)3.862.081.605.687.32
PBDIT Margin (%)35.7316.8062.612.52-19.95
PBIT Margin (%)33.6516.5262.602.52-19.95
PBT Margin (%)327.1362.7266.6669.75295.48
Net Profit Margin (%)269.1452.5454.9355.90234.62
Return on Networth / Equity (%)9.695.784.7217.5927.51
Return on Capital Employeed (%)1.201.805.340.78-2.31
Return On Assets (%)9.255.494.4516.8724.81
Asset Turnover Ratio (%)0.030.100.080.320.11
Current Ratio (X)5.924.571.637.800.08
Quick Ratio (X)2.670.601.187.390.08
Interest Coverage Ratio (X)32.40450.3085.99157.59-10.45
Interest Coverage Ratio (Post Tax) (X)-22.07170.1069.86-705.73-42.30
Enterprise Value (Cr.)23.6723.379.554.867.75
EV / Net Operating Revenue (X)24.398.724.840.703.67
EV / EBITDA (X)68.2651.907.7427.94-18.40
MarketCap / Net Operating Revenue (X)27.378.804.940.773.70
Price / BV (X)0.980.960.420.240.43
Price / Net Operating Revenue (X)27.388.814.940.773.70
EarningsYield0.090.050.110.710.63

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 101.23

The stock is overvalued by 19.66% compared to the current price ₹126

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 stock is trading at a low valuation with an average P/B ratio of 0.52 and average Dividend Yield of 164.35%.
  2. The company has higher reserves (8.71 cr) compared to borrowings (2.58 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.35 cr) and profit (2.23 cr) over the years.
  1. The stock has a low average ROCE of 2.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 237.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 207.80, 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 Bhilwara Spinners Ltd:
    1. Net Profit Margin: 269.14%
      • 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: 1.20% (Industry Average ROCE: 4.08%)
      • 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%: 9.69% (Industry Average ROE: 6.11%)
      • 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): -22.07
      • 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: 2.67
      • 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: 247 (Industry average Stock P/E: 4.26)
      • 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: N/A
      • 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

Bhilwara Spinners Ltd. is a Public Limited Listed company incorporated on 07/06/1980 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L17115RJ1980PLC008217 and registration number is 008217. Currently company belongs to the Industry of Textiles - Spinning - Cotton Blended. Company’s Total Operating Revenue is Rs. 2.68 Cr. and Equity Capital is Rs. 6.76 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton Blended26, Industrial Area, Post Box No.6, Bhilwara Rajasthan 311001bhilspinbs@gmail.com
http://www.lnjbhilwara.com
Management
NamePosition Held
Mr. Ashok Kumar KothariManaging Director & CEO
Mr. Anshul KotharDirector
Mrs. Sushila KothariDirector
Mr. Himanshu JhamerDirector
Mr. Satynaryan GaggarDirector

Bhilwara Spinners Ltd. Share Price Update

Share PriceValue
Today₹125.50
Previous Day₹123.40

FAQ

What is the latest fair value of Bhilwara Spinners Ltd?

The latest fair value of Bhilwara Spinners Ltd is 101.23.

What is the Market Cap of Bhilwara Spinners Ltd?

The Market Cap of Bhilwara Spinners Ltd is 114 Cr..

What is the current Stock Price of Bhilwara Spinners Ltd as on 23 April 2024?

The current stock price of Bhilwara Spinners Ltd as on 23 April 2024 is 126.

What is the High / Low of Bhilwara Spinners Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bhilwara Spinners Ltd stocks is ₹160/37.0.

What is the Stock P/E of Bhilwara Spinners Ltd?

The Stock P/E of Bhilwara Spinners Ltd is 247.

What is the Book Value of Bhilwara Spinners Ltd?

The Book Value of Bhilwara Spinners Ltd is 41.0.

What is the Dividend Yield of Bhilwara Spinners Ltd?

The Dividend Yield of Bhilwara Spinners Ltd is 0.00 %.

What is the ROCE of Bhilwara Spinners Ltd?

The ROCE of Bhilwara Spinners Ltd is 1.24 %.

What is the ROE of Bhilwara Spinners Ltd?

The ROE of Bhilwara Spinners Ltd is 0.98 %.

What is the Face Value of Bhilwara Spinners Ltd?

The Face Value of Bhilwara Spinners 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 Bhilwara Spinners 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