Binani Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 26, 2024, 9:08 pm

Market Cap	47.4 Cr.
Current Price	15.2
High / Low	22.4/13.2
Stock P/E
Book Value	59.1
Dividend Yield	0.00 %
ROCE	%
ROE	%
Face Value	10.0
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Binani Industries Ltd

Competitors of Binani Industries Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
MPIL Corporation Ltd	34.2 Cr.	600	1,076/506		281	0.15 %	1.21 %	3.57 %	10.0
FGP Ltd	11.0 Cr.	9.22	14.2/5.51	20.7	3.14	0.00 %	6.46 %	8.00 %	10.0
Logica Infoway Ltd	387 Cr.	226	314/131	44.3	37.7	0.00 %	14.4 %	14.2 %	10.0
CRP Risk Management Ltd	18.4 Cr.	10.5	35.2/7.16	461	34.6	0.00 %	0.07 %	0.07 %	10.0
Binani Industries Ltd	47.4 Cr.	15.2	22.4/13.2		59.1	0.00 %	%	%	10.0
Industry Average	10,817.25 Cr	342.24		149.98	119.17	0.04%	21.43%	23.42%	8.88

All Competitor Stocks of Binani Industries Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	0.26	0.34	0.26	0.40	0.34	0.40	0.36	0.42	0.00	0.00	0.00	0.00	0.00
Expenses	1.09	1.24	0.92	1.26	1.17	1.20	1.02	145.85	0.57	0.58	4.22	2.06	0.53
Operating Profit	-0.83	-0.90	-0.66	-0.86	-0.83	-0.80	-0.66	-145.43	-0.57	-0.58	-4.22	-2.06	-0.53
OPM %	-319.23%	-264.71%	-253.85%	-215.00%	-244.12%	-200.00%	-183.33%	-34,626.19%
Other Income	0.97	0.97	1.81	181.56	0.00	0.00	0.03	0.82	0.01	0.00	0.00	0.28	8.70
Interest	0.84	0.83	0.85	0.85	0.91	0.90	0.90	0.90	0.00	0.00	0.00	0.00	0.00
Depreciation	0.09	0.07	0.07	0.02	0.06	0.06	0.08	0.02	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.79	-0.83	0.23	179.83	-1.80	-1.76	-1.61	-145.53	-0.56	-0.58	-4.22	-1.78	8.17
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-0.79	-0.83	0.23	179.83	-1.80	-1.76	-1.61	-145.53	-0.56	-0.58	-4.22	-1.78	8.17
EPS in Rs	-0.25	-0.26	0.07	57.33	-0.57	-0.56	-0.51	-46.40	-0.18	-0.18	-1.35	-0.57	2.60

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

Quarterly Chart

Profit & Loss - Annual Report

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	4,481.12	4,735.57	4,331.19	3,784.38	3,665.96	1,910.96	1,840.89	1,642.59	1.84	1.26	1.50	0.00	0.00
Expenses	3,964.38	4,451.65	4,182.31	3,467.97	3,342.18	1,573.64	1,668.59	1,617.80	16.53	4.50	57.63	7.29	7.39
Operating Profit	516.74	283.92	148.88	316.41	323.78	337.32	172.30	24.79	-14.69	-3.24	-56.13	-7.29	-7.39
OPM %	11.53%	6.00%	3.44%	8.36%	8.83%	17.65%	9.36%	1.51%	-798.37%	-257.14%	-3,742.00%
Other Income	55.22	-114.32	32.15	26.42	56.53	13.04	1,422.02	-834.76	300.47	185.30	-90.81	0.14	8.98
Interest	461.62	621.61	597.97	643.46	679.94	202.76	179.14	213.35	5.12	3.37	3.62	0.00	0.00
Depreciation	283.55	300.23	258.10	256.81	236.89	109.96	157.61	165.91	0.84	0.26	0.16	0.00	0.00
Profit before tax	-173.21	-752.24	-675.04	-557.44	-536.52	37.64	1,257.57	-1,189.23	279.82	178.43	-150.72	-7.15	1.59
Tax %	20.37%	-11.84%	-3.83%	-22.58%	-12.56%	39.90%	13.36%	5.54%	0.00%	0.00%	0.00%	0.00%
Net Profit	-208.48	-663.18	-649.18	-431.59	-469.13	22.62	1,089.53	-1,255.12	279.82	178.43	-150.72	-7.15	1.59
EPS in Rs	-70.44	-220.66	-216.28	-140.85	-146.95	8.33	347.49	-395.75	93.36	56.89	-48.05	-2.28	0.50
Dividend Payout %	-4.26%	-1.36%	-1.39%	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

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-218.10%	2.11%	33.52%	-8.70%	104.82%	4716.67%	-215.20%	122.29%	-36.23%	-184.47%	95.26%
Change in YoY Net Profit Growth (%)	0.00%	220.21%	31.41%	-42.22%	113.52%	4611.84%	-4931.86%	337.49%	-158.53%	-148.24%	279.73%

Binani Industries 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:	%
5 Years:	%
3 Years:	%
TTM:	-100%

Compounded Profit Growth
10 Years:	7%
5 Years:	14%
3 Years:	15%
TTM:	95%

Stock Price CAGR
10 Years:	-17%
5 Years:	21%
3 Years:	%
1 Year:	-5%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	29.62	29.62	29.62	31.38	31.38	31.38	31.38	31.38	31.38	31.38	31.38	31.38	31.38
Reserves	154.92	-319.03	-1,172.95	-741.08	-1,684.22	-1,594.95	3.16	-624.91	-326.11	-163.36	-218.43	-224.46	-216.82
Borrowings	4,363.55	5,127.29	5,998.47	6,341.61	6,691.61	6,667.52	2,330.22	2,621.22	496.25	187.78	173.52	172.03	172.98
Other Liabilities	1,957.13	2,117.50	1,723.37	2,272.82	2,337.25	2,467.32	813.34	1,170.00	238.15	38.17	33.09	36.79	28.02
Total Liabilities	6,505.22	6,955.38	6,578.51	7,904.73	7,376.02	7,571.27	3,178.10	3,197.69	439.67	93.97	19.56	15.74	15.56
Fixed Assets	4,764.14	5,040.49	4,611.96	5,803.87	5,212.88	5,372.01	2,169.46	2,167.80	19.22	3.57	0.00	0.00	0.00
CWIP	283.87	352.03	290.71	257.80	259.29	292.27	141.54	196.05	3.65	0.00	0.00	0.00	0.00
Investments	0.28	0.23	0.31	29.87	28.14	26.52	25.20	25.19	73.60	0.00	0.00	0.00	0.00
Other Assets	1,456.93	1,562.63	1,675.53	1,813.19	1,875.71	1,880.47	841.90	808.65	343.20	90.40	19.56	15.74	15.56
Total Assets	6,505.22	6,955.38	6,578.51	7,904.73	7,376.02	7,571.27	3,178.10	3,197.69	439.67	93.97	19.56	15.74	15.56

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	584.40	214.24	-42.46	340.04	359.69	87.26	529.29	-26.22	-74.46	-2.81	-0.77	-6.53
Cash from Investing Activity +	-249.12	-244.95	2.68	-172.81	-196.24	-62.51	16.26	-188.08	66.59	-1.35	-2.33	0.25
Cash from Financing Activity +	-593.84	-52.53	165.42	-265.55	-199.00	-27.74	-566.98	208.81	-21.81	3.10	1.31	2.51
Net Cash Flow	-258.56	-83.25	125.64	-98.32	-35.55	-2.99	-21.43	-5.49	-29.67	-1.05	-1.79	-3.77

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	512.74	278.92	143.88	310.41	317.78	331.32	170.30	22.79	-510.94	-191.02	-229.65	-179.32

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	8.51	16.65	30.99	61.84	80.89	159.48	18.04	25.33	17,339.48	156.43	2.43
Inventory Days	200.50	156.89	124.72	132.12	130.53	176.73	196.36	174.73	807.04	0.00
Days Payable	332.70	240.07	213.10	325.25	374.20	579.87	228.07	214.63	8,640.78
Cash Conversion Cycle	-123.69	-66.53	-57.39	-131.29	-162.78	-243.66	-13.67	-14.57	9,505.74	156.43	2.43
Working Capital Days	-103.49	-107.55	-62.04	-76.17	-71.62	-167.10	-33.03	-88.34	19,825.05	12,328.89	-5,187.87
ROCE %	5.87%	0.52%	-1.21%	2.26%	2.85%	5.42%	1.71%	-3.06%	-0.81%	1.73%	-266.00%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	52.62%	52.62%	52.62%	52.62%	52.62%	52.62%	52.62%	52.62%	52.62%	52.62%	52.62%	52.62%
FIIs	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.00%
DIIs	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%	1.76%
Public	45.30%	45.30%	45.30%	45.31%	45.30%	45.30%	45.31%	45.31%	45.30%	45.30%	45.30%	45.62%
No. of Shareholders	42,349	42,330	42,324	42,304	42,290	41,249	40,712	40,210	39,868	39,671	39,316	39,197

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-2.28	-48.05	56.88	93.36	-395.73
Diluted EPS (Rs.)	-2.28	-48.05	56.88	93.36	-395.73
Cash EPS (Rs.)	-2.28	-47.97	56.93	89.42	-347.05
Book Value[Excl.RevalReserv]/Share (Rs.)	-61.52	-59.60	-58.55	-111.53	-192.50
Book Value[Incl.RevalReserv]/Share (Rs.)	-61.52	-59.60	-42.05	-95.04	-176.00
Revenue From Operations / Share (Rs.)	0.00	0.47	0.40	0.58	523.37
PBDIT / Share (Rs.)	-2.28	-46.82	0.74	-2.36	31.18
PBIT / Share (Rs.)	-2.28	-46.87	0.66	-2.62	-21.68
PBT / Share (Rs.)	-2.28	-48.02	56.85	89.16	-378.92
Net Profit / Share (Rs.)	-2.28	-48.02	56.85	89.16	-399.91
NP After MI And SOA / Share (Rs.)	-2.28	-48.02	56.85	93.31	-395.51
PBDIT Margin (%)	0.00	-9814.29	186.05	-402.72	5.95
PBIT Margin (%)	0.00	-9824.96	165.34	-448.21	-4.14
PBT Margin (%)	0.00	-10066.97	14142.88	15231.81	-72.39
Net Profit Margin (%)	0.00	-10067.00	14142.88	15231.81	-76.41
NP After MI And SOA Margin (%)	0.00	-10067.00	14142.88	15940.83	-75.57
Return on Networth / Equity (%)	0.00	0.00	-97.10	-87.62	0.00
Return on Capital Employeed (%)	3.70	78.64	7.16	9.82	-3.87
Return On Assets (%)	-45.42	-770.76	189.89	66.53	-36.72
Long Term Debt / Equity (X)	0.00	0.00	0.00	-0.19	-2.86
Total Debt / Equity (X)	-0.89	-0.92	-0.26	-1.20	-3.69
Asset Turnover Ratio (%)	0.00	0.02	0.01	0.00	0.00
Current Ratio (X)	0.07	0.09	0.99	0.57	0.46
Quick Ratio (X)	0.07	0.09	0.99	0.56	0.32
Interest Coverage Ratio (X)	0.00	-40.55	0.69	-1.44	0.45
Interest Coverage Ratio (Post Tax) (X)	0.00	-40.60	0.61	-1.61	-0.62
Enterprise Value (Cr.)	215.55	258.18	104.97	391.11	2440.25
EV / Net Operating Revenue (X)	0.00	172.44	83.21	212.90	1.49
EV / EBITDA (X)	-30.16	-1.76	44.72	-52.86	24.94
MarketCap / Net Operating Revenue (X)	0.00	59.39	13.68	9.40	0.01
Price / BV (X)	-0.22	-0.47	-0.09	-0.05	-0.03
Price / Net Operating Revenue (X)	0.00	59.39	13.72	9.40	0.01
EarningsYield	-0.16	-1.70	10.34	16.97	-63.79

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Binani Industries Ltd as of December 26, 2024 is: 135.63

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 26, 2024, Binani Industries Ltd is Undervalued by 792.30% compared to the current share price 15.20

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

Intrinsic Value of Binani Industries Ltd as of December 26, 2024 is: 47.66

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 26, 2024, Binani Industries Ltd is Undervalued by 213.55% compared to the current share price 15.20

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

Last 5 Year EPS CAGR: -64.86%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -56.95, which is a positive sign. The stock has a low average Cash Conversion Cycle of -53.81, which is a positive sign.	The stock has a low average ROCE of -20.89%, which may not be favorable. The company has higher borrowings (3,180.31) compared to reserves (-548.33), which may suggest financial risk. The company has not shown consistent growth in sales (1.97) and profit (-181.14).

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 Binani Industries Ltd:
1. Net Profit Margin: 0%
  - 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: 3.7% (Industry Average ROCE: 21.43%)
  - 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%: 0% (Industry Average ROE: 23.42%)
  - 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
  - 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: 0.07
  - 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: 149.98)
  - 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: -0.89
  - 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

Binani Industries Ltd. is a Public Limited Listed company incorporated on 02/08/1962 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24117WB1962PLC025584 and registration number is 025584. Currently Company is involved in the business activities of Publishing of newspapers, journals and periodicals. Company’s Total Operating Revenue is Rs. 1.26 Cr. and Equity Capital is Rs. 31.38 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Miscellaneous	37/2, Chinar Park, New Town, Rajarhat Main Road, Kolkata West Bengal 700157	sauvik.nayak@binani.net http://www.binaniindustries.com

Management
Name	Position Held
Mrs. Archana Manoj Shroff	Managing Director & CFO
Mr. Milin Jagdish Ramani	Ind. Non-Executive Director
Mr. Rajesh Kumar Bagri	Non Exe.Non Ind.Director
Mr. Manoj Thakorlal Shroff	Non Exe.Non Ind.Director
Mr. Sanjib Ranjan Maity	Ind.& Non Exe.Director
Mr. Pradyut Meyur	Ind.& Non Exe.Director
Mrs. Pankti Patel Poojari	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Binani Industries Ltd?

The latest intrinsic value of Binani Industries Ltd as on 26 December 2024 is ₹135.63, which is 792.30% higher than the current market price of ₹15.20. The stock has a market capitalization of 47.4 Cr. and recorded a high/low of 22.4/13.2 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-216.82 Cr and total liabilities of ₹15.56 Cr.

What is the Market Cap of Binani Industries Ltd?

The Market Cap of Binani Industries Ltd is 47.4 Cr..

What is the current Stock Price of Binani Industries Ltd as on 26 December 2024?

The current stock price of Binani Industries Ltd as on 26 December 2024 is 15.2.

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

In FY 2024-2025, the High / Low of Binani Industries Ltd stocks is 22.4/13.2.

What is the Stock P/E of Binani Industries Ltd?

The Stock P/E of Binani Industries Ltd is .

What is the Book Value of Binani Industries Ltd?

The Book Value of Binani Industries Ltd is 59.1.

What is the Dividend Yield of Binani Industries Ltd?

The Dividend Yield of Binani Industries Ltd is 0.00 %.

What is the ROCE of Binani Industries Ltd?

The ROCE of Binani Industries Ltd is %.

What is the ROE of Binani Industries Ltd?

The ROE of Binani Industries Ltd is %.

What is the Face Value of Binani Industries Ltd?

The Face Value of Binani Industries Ltd is 10.0.