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Last Updated on: 10 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 526853 | NSE: BI

Bilcare Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 9, 2024, 9:39 pm

Market Cap 136 Cr.
Current Price 57.8
High / Low95.4/51.0
Stock P/E
Book Value 202
Dividend Yield0.00 %
ROCE0.82 %
ROE6.34 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bilcare Ltd

Competitors of Bilcare Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindustan Tin Works Ltd 202 Cr. 194249/13214.3 2010.62 %11.1 %8.65 % 10.0
HCP Plastene Bulkpack Ltd 173 Cr. 162294/14745.8 49.40.00 %5.83 %0.30 % 10.0
Gujarat Containers Ltd 93.4 Cr. 165200/14210.9 83.60.91 %22.7 %22.9 % 10.0
Goblin India Ltd 45.6 Cr. 33.082.4/29.211.8 31.80.00 %8.18 %6.90 % 10.0
G K P Printing & Packaging Ltd 18.7 Cr. 8.4916.6/7.53 9.980.00 %5.50 %7.89 % 10.0
Industry Average3,167.42 Cr481.4937.86182.540.23%12.19%37.45%7.42

All Competitor Stocks of Bilcare Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales178204208256248254246234182190175200194
Expenses165188194237232240234219169173158208175
Operating Profit1216131916141214131717-819
OPM %7%8%6%7%6%6%5%6%7%9%10%-4%10%
Other Income43405310-623131494
Interest18181617161616111920212321
Depreciation119109991091010111312
Profit before tax-1323-12-3-7-2-20225-13-13-10-35-10
Tax %0%-3%-2%38%-11%60%-6%65%-1%-5%34%-44%55%
Net Profit-1323-11-3-6-3-1978-13-12-14-20-15
EPS in Rs-6.499.51-5.90-2.48-2.84-2.42-7.9819.63-3.36-3.22-2.91-4.63-2.71

Last Updated: October 7, 2024, 8:29 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:52 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3,5473,0622,6922,6032,6332,7782,9971,827623845982747759
Expenses3,1592,8192,5062,3962,4432,6172,8271,782572784925708714
Operating Profit387243186207190161170455160573945
OPM %11%8%7%8%7%6%6%2%8%7%6%5%6%
Other Income-8249-871072975925445442371617
Interest1672172361511762492831747669608284
Depreciation1481411911641774163782394639384546
Profit before tax63-91-232-194-56-207-433-114-25-4196-72-68
Tax %30%25%-7%-58%42%-4%5%-13%-55%3%74%-18%
Net Profit44-114-216-82-80-199-453-99-11-450-59-60
EPS in Rs16.81-48.14-91.76-36.04-35.91-85.43-193.28-43.97-8.95-5.356.39-14.12-13.47
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%

Bilcare Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-13%
5 Years:-24%
3 Years:6%
TTM:-9%
Compounded Profit Growth
10 Years:6%
5 Years:14%
3 Years:0%
TTM:-69%
Stock Price CAGR
10 Years:1%
5 Years:28%
3 Years:-8%
1 Year:-30%
Return on Equity
10 Years:-35%
5 Years:-40%
3 Years:-9%
Last Year:-6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:41 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital24242424242424242424242424
Reserves1,3021,3001,073689590376-93856352507474452
Borrowings2,1042,1462,3112,1222,0142,0892,270707677690639756739
Other Liabilities971899933786830913888297300362424314329
Total Liabilities4,4004,3684,3403,6203,4573,4023,0871,1121,0641,1271,5931,5681,543
Fixed Assets1,4932,1261,9262,4322,4032,1802,0055344944651,0451,038971
CWIP84626221816114917079001111
Investments00010100002812
Other Assets2,0611,9792,1961,0269041,0511,003577570661545521559
Total Assets4,4004,3684,3403,6203,4573,4023,0871,1121,0641,1271,5931,5681,543

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days106105125352938382290957073
Inventory Days801031051088490822890834277
Days Payable90769386811027135931027770
Cash Conversion Cycle95132137573225491588763480
Working Capital Days1301451563516242827675736115
ROCE %8%3%1%2%2%-8%-6%-9%3%3%3%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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%69.95%69.94%69.94%69.95%69.95%69.95%69.94%69.95%69.95%69.95%
No. of Shareholders21,87021,92822,32223,15823,23623,41922,32221,69119,87519,18119,11618,783

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.)-14.126.39-5.35-8.95-43.97
Diluted EPS (Rs.)-14.126.39-5.35-8.95-43.97
Cash EPS (Rs.)-5.7737.3814.8214.5959.36
Book Value[Excl.RevalReserv]/Share (Rs.)274.44161.2768.5169.7474.82
Book Value[Incl.RevalReserv]/Share (Rs.)274.44298.9968.5169.7474.82
Revenue From Operations / Share (Rs.)317.34416.87358.76264.48775.96
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.)-24.8621.32-1.85-4.74-42.06
NP After MI And SOA / Share (Rs.)-14.126.39-5.35-8.95-43.97
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 (%)-2.120.94-1.11-1.98-9.31
Long Term Debt / Equity (X)1.092.497.146.145.16
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.)998.83881.91900.48834.43745.76
EV / Net Operating Revenue (X)1.340.891.071.340.40
EV / EBITDA (X)16.2013.1612.0112.035.24
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
EarningsYield-0.250.14-0.07-0.15-2.93

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bilcare Ltd as of December 10, 2024 is: 195.94

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.

As of December 10, 2024, Bilcare Ltd is Undervalued by 239.00% compared to the current share price 57.80

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

Intrinsic Value of Bilcare Ltd as of December 10, 2024 is: 139.23

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 10, 2024, Bilcare Ltd is Undervalued by 140.88% compared to the current share price 57.80

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

Last 5 Year EPS CAGR: -28.94%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 0.25%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 69.67, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 68.33, which may not be favorable.
    4. The company has higher borrowings (1,481.85) compared to reserves (528.46), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (305.62) and profit (-95.15).

    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: 12.19%)
        • 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: 37.45%)
        • 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: 0 (Industry average Stock P/E: 37.86)
        • 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. Shreyans BhandariChairman & Managing Director
    Mr. Rajesh DeveneIndependent Director
    Mrs. Madhuri VaidyaIndependent Director
    Ms. Kavita BhansaliExecutive Director
    Dr. Abhigyan UpadhyayNon Exe.Non Ind.Director
    Ms. Alka SagarIndependent Director

    FAQ

    What is the latest intrinsic value of Bilcare Ltd?

    The latest intrinsic value of Bilcare Ltd as on 10 December 2024 is ₹195.94, which is 239.00% higher than the current market price of ₹57.80. The stock has a market capitalization of 136 Cr. and recorded a high/low of ₹95.4/51.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹452 Cr and total liabilities of ₹1,543 Cr.

    What is the Market Cap of Bilcare Ltd?

    The Market Cap of Bilcare Ltd is 136 Cr..

    What is the current Stock Price of Bilcare Ltd as on 10 December 2024?

    The current stock price of Bilcare Ltd as on 10 December 2024 is 57.8.

    What is the High / Low of Bilcare Ltd stocks in FY 2024-2025?

    In FY 2024-2025, the High / Low of Bilcare Ltd stocks is 95.4/51.0.

    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 202.

    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 0.82 %.

    What is the ROE of Bilcare Ltd?

    The ROE of Bilcare Ltd is 6.34 %.

    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