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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 526853 | NSE: BI

Fundamental Analysis of Bilcare Ltd

Basic Stock Data

Last Updated: July 18, 2024, 10:12 pm

Market Cap 128 Cr.
Current Price 54.4
High / Low95.4/54.0
Stock P/E
Book Value 211
Dividend Yield0.00 %
ROCE1.22 %
ROE5.73 %
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of Bilcare Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
CDG Petchem Ltd 8.27 Cr. 26.851.1/12.8 2.890.00 %4.81 %44.8 % 10.0
Shree Rama Multi-Tech Ltd 374 Cr. 28.135.5/17.137.6 7.690.00 %9.52 %15.0 % 5.00
Cosmo First Ltd 2,284 Cr. 874930/45138.2 5130.34 %6.87 %4.53 % 10.0
Shree Tirupati Balajee FIBC Ltd 711 Cr. 702838/11250.4 76.50.00 %20.5 %22.0 % 10.0
Rollatainers Ltd 88.2 Cr. 3.705.12/0.85 0.310.00 %5.78 %% 1.00
Industry Average1,770.49 Cr363.1134.71181.590.54%13.80%78.71%7.11

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales176178204208256248254246234182190175200
Expenses165165188194237232240234219169173158208
Operating Profit101216131916141214131717-8
OPM %6%7%8%6%7%6%6%5%6%7%9%10%-4%
Other Income3843405310-62313149
Interest21181816171616161119202123
Depreciation121191099910910101113
Profit before tax15-1323-12-3-7-2-20225-13-13-10-35
Tax %0%-0%-3%2%-38%11%-60%6%65%1%5%-34%44%
Net Profit15-1323-11-3-6-3-1978-13-12-14-20
EPS in Rs4.97-6.499.51-5.90-2.48-2.84-2.42-7.9819.63-3.36-3.22-2.91-4.63

Last Updated: July 11, 2024, 9:47 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 11, 2024, 12:59 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales3,5473,0622,6922,6032,6332,7782,9971,827623845982747
Expenses3,1592,8192,5062,3962,4432,6172,8271,782572784925708
Operating Profit3872431862071901611704551605739
OPM %11%8%7%8%7%6%6%2%8%7%6%5%
Other Income-8249-8710729759254454423716
Interest16721723615117624928317476696082
Depreciation14814119116417741637823946393845
Profit before tax63-91-232-194-56-207-433-114-25-4196-72
Tax %30%-25%7%58%-42%4%-5%13%55%-3%74%18%
Net Profit44-114-216-82-80-199-453-99-11-450-59
EPS in Rs16.81-48.14-91.76-36.04-35.91-85.43-193.28-43.97-8.95-5.356.39-14.11
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-359.09%-89.47%62.04%2.44%-148.75%-127.64%78.15%88.89%63.64%1350.00%-218.00%
Change in YoY Net Profit Growth (%)0.00%269.62%151.51%-59.60%-151.19%21.11%205.78%10.74%-25.25%1286.36%-1568.00%

Growth

Compounded Sales Growth
10 Years:-13%
5 Years:-24%
3 Years:6%
TTM:-24%
Compounded Profit Growth
10 Years:6%
5 Years:14%
3 Years:3%
TTM:-213%
Stock Price CAGR
10 Years:-6%
5 Years:21%
3 Years:-19%
1 Year:-10%
Return on Equity
10 Years:-35%
5 Years:-39%
3 Years:-8%
Last Year:-6%

Last Updated: July 16, 2024, 4:42 pm

Balance Sheet

Last Updated: July 11, 2024, 12:59 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital242424242424242424242424
Reserves1,3021,3001,073689590376-93856352507474
Borrowings2,1042,1462,3112,1222,0142,0892,270707677690639756
Other Liabilities971899933786830913888297300362418314
Total Liabilities4,4004,3684,3403,6203,4573,4023,0871,1121,0641,1271,5881,568
Fixed Assets1,4932,1261,9262,4322,4032,1802,0055344944651,0451,039
CWIP8462622181611491707900111
Investments000101000028
Other Assets2,0611,9792,1961,0269041,0511,003577570661539521
Total Assets4,4004,3684,3403,6203,4573,4023,0871,1121,0641,1271,5881,568

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 227314-315177300982062567241-762
Cash from Investing Activity -966-351247-358-129-203-1041,3092-436-106
Cash from Financing Activity 66148119149-15591-103-1,600-83-55-1936
Net Cash Flow-781250-3216-13-1-35-9-1810-7

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow385.00241.00184.00205.00188.00159.00168.00-662.00-626.00-630.00-582.00-717.00

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 Days1151061051253529383822909570
Inventory Days918010310510884908228908343
Days Payable89907693868110271359310279
Cash Conversion Cycle117951321375732254915887633
Working Capital Days1231301451563516242827675736
ROCE %14%8%3%1%2%2%-8%-6%-9%3%3%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters30.01%30.01%30.01%30.01%30.01%30.01%30.01%30.01%30.01%30.01%30.01%30.01%
FIIs0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
Public69.94%69.94%69.94%69.95%69.94%69.94%69.95%69.95%69.95%69.94%69.95%69.95%
No. of Shareholders21,67021,87021,92822,32223,15823,23623,41922,32221,69119,87519,18119,116

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-14.116.39-5.35-8.95-43.97
Diluted EPS (Rs.)-14.116.39-5.35-8.95-43.97
Cash EPS (Rs.)-5.7737.3814.8214.5959.36
Book Value[Excl.RevalReserv]/Share (Rs.)274.38161.2768.5169.7474.82
Book Value[Incl.RevalReserv]/Share (Rs.)274.38298.9968.5169.7474.82
Revenue From Operations / Share (Rs.)317.27416.87358.76264.48775.96
PBDIT / Share (Rs.)26.1928.4531.8629.4560.44
PBIT / Share (Rs.)7.1012.3915.1810.12-40.98
PBT / Share (Rs.)-30.4583.28-1.79-10.60-48.27
Net Profit / Share (Rs.)-24.8521.32-1.85-4.74-42.06
NP After MI And SOA / Share (Rs.)14.116.39-5.35-8.95-43.97
PBDIT Margin (%)8.256.828.8711.137.78
PBIT Margin (%)2.232.974.233.82-5.28
PBT Margin (%)-9.5919.97-0.50-4.00-6.22
Net Profit Margin (%)-7.835.11-0.51-1.79-5.42
NP After MI And SOA Margin (%)4.441.53-1.49-3.38-5.66
Return on Networth / Equity (%)6.677.29-16.75-24.42-95.60
Return on Capital Employeed (%)1.372.324.933.17-12.05
Return On Assets (%)2.110.94-1.11-1.98-9.31
Long Term Debt / Equity (X)1.102.497.146.145.16
Total Debt / Equity (X)1.523.099.187.856.53
Asset Turnover Ratio (%)0.470.720.430.290.10
Current Ratio (X)1.171.011.041.081.17
Quick Ratio (X)0.870.760.700.750.92
Inventory Turnover Ratio (X)5.476.443.733.310.74
Interest Coverage Ratio (X)0.751.121.090.910.81
Interest Coverage Ratio (Post Tax) (X)0.36-1.940.510.49-0.47
Enterprise Value (Cr.)1000.10881.91900.48834.43745.76
EV / Net Operating Revenue (X)1.340.891.071.340.40
EV / EBITDA (X)16.2213.1612.0112.035.24
MarketCap / Net Operating Revenue (X)0.170.100.190.210.01
Price / BV (X)0.260.492.191.570.32
Price / Net Operating Revenue (X)0.170.100.190.210.01
EarningsYield0.250.14-0.07-0.15-2.93

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 184.98

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.

Undervalued: 240.04% compared to the current price 54.4

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 367.29

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • 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.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 575.16% compared to the current price 54.4

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 98.55%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 1.33%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 70.33, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 71.33, which may not be favorable.
    4. The company has higher borrowings (1,543.75) compared to reserves (534.83), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (267.83) and profit (-97.42).

    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 Bilcare Ltd:
      1. Net Profit Margin: -7.83%
        • 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: 1.37% (Industry Average ROCE: %)
        • 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%: 6.67% (Industry Average ROE: %)
        • 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): 0.36
        • 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: 0.87
        • 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: (Industry average Stock P/E: )
        • 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: 1.52
        • 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

    Bilcare Ltd. is a Public Limited Listed company incorporated on 01/07/1987 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28939PN1987PLC043953 and registration number is 043953. Currently company belongs to the Industry of Packaging & Containers. Company’s Total Operating Revenue is Rs. 429.79 Cr. and Equity Capital is Rs. 23.55 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Packaging & Containers1028, Shiroli, Rajgurunagar, Pune Maharashtra 410505cs@bilcare.com
    http://www.bilcare.com
    Management
    NamePosition Held
    Mr. Rajesh DeveneDirector
    Mr. Vijesh MehraDirector
    Ms. Diksha TomarDirector
    Mr. Ashwani SinghDirector
    Mrs. Madhuri VaidyaDirector
    Mr. Shreyans BhandariDirector
    Ms. Kavita BhansaliNon Exe.Non Ind.Director

    FAQ

    What is the latest fair value of Bilcare Ltd?

    The latest fair value of Bilcare Ltd is ₹184.98.

    What is the Market Cap of Bilcare Ltd?

    The Market Cap of Bilcare Ltd is 128 Cr..

    What is the current Stock Price of Bilcare Ltd as on 18 July 2024?

    The current stock price of Bilcare Ltd as on 18 July 2024 is 54.4.

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

    In FY 2024, the High / Low of Bilcare Ltd stocks is 95.4/54.0.

    What is the Stock P/E of Bilcare Ltd?

    The Stock P/E of Bilcare Ltd is .

    What is the Book Value of Bilcare Ltd?

    The Book Value of Bilcare Ltd is 211.

    What is the Dividend Yield of Bilcare Ltd?

    The Dividend Yield of Bilcare Ltd is 0.00 %.

    What is the ROCE of Bilcare Ltd?

    The ROCE of Bilcare Ltd is 1.22 %.

    What is the ROE of Bilcare Ltd?

    The ROE of Bilcare Ltd is 5.73 %.

    What is the Face Value of Bilcare Ltd?

    The Face Value of Bilcare 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 Bilcare 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