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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500059 | NSE: BINANIIND

Fundamental Analysis of Binani Industries Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:28 pm

Market Cap 48.6 Cr.
Current Price 15.2
High / Low25.2/13.2
Stock P/E
Book Value 60.0
Dividend Yield0.00 %
ROCE266 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Binani Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sun Pharma Advanced Research Company Ltd 10,757 Cr. 333474/178 10.20.00 %106 %144 % 1.00
Syngene International Ltd 28,736 Cr. 714860/61156.5 96.80.07 %14.5 %13.4 % 10.0
Industry Average19,746.50 Cr523.5028.2553.500.04%60.25%78.70%5.50

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0.210.200.260.340.260.400.340.400.360.420.000.000.00
Expenses1.866.821.091.240.921.261.171.201.02145.850.570.584.22
Operating Profit-1.65-6.62-0.83-0.90-0.66-0.86-0.83-0.80-0.66-145.43-0.57-0.58-4.22
OPM %-785.71%-3,310.00%-319.23%-264.71%-253.85%-215.00%-244.12%-200.00%-183.33%-34,626.19%
Other Income-76.82407.380.970.971.81181.560.000.000.030.820.010.000.00
Interest0.780.770.840.830.850.850.910.900.900.900.000.000.00
Depreciation0.110.110.090.070.070.020.060.060.080.020.000.000.00
Profit before tax-79.36399.88-0.79-0.830.23179.83-1.80-1.76-1.61-145.53-0.56-0.58-4.22
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-79.36399.88-0.79-0.830.23179.83-1.80-1.76-1.61-145.53-0.56-0.58-4.22
EPS in Rs-25.30131.64-0.25-0.260.0757.33-0.57-0.56-0.51-46.40-0.18-0.18-1.35

Last Updated: April 10, 2024, 6:30 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 3:29 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,0694,4814,7364,3313,7843,6661,9111,8411,6432120
Expenses2,8023,9644,4524,1823,4683,3421,5741,6691,61817458151
Operating Profit26751728414931632433717225-15-3-56-151
OPM %9%12%6%3%8%9%18%9%2%-798%-257%-3,742%-35,905%
Other Income7955-114322657131,422-835300185-911
Interest3254626225986436802031792135341
Depreciation1762843002582572371101581661000
Profit before tax-155-173-752-675-557-537381,258-1,189280178-151-151
Tax %-7%-20%12%4%23%13%40%13%-6%0%0%0%
Net Profit-166-208-663-649-432-469231,090-1,255280178-151-151
EPS in Rs-56.08-70.44-220.66-216.28-140.85-146.958.33347.49-395.7593.3656.89-48.05-48.11
Dividend Payout %-5%-4%-1%-1%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-25.30%-218.75%2.11%33.44%-8.56%104.90%4639.13%-215.14%122.31%-36.43%-184.83%
Change in YoY Net Profit Growth (%)0.00%-193.45%220.86%31.32%-42.00%113.47%4534.23%-4854.27%337.45%-158.74%-148.40%

Growth

Compounded Sales Growth
10 Years:-55%
5 Years:-76%
3 Years:-90%
TTM:-72%
Compounded Profit Growth
10 Years:6%
5 Years:%
3 Years:23%
TTM:-2888%
Stock Price CAGR
10 Years:-15%
5 Years:-16%
3 Years:%
1 Year:-20%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: April 17, 2024, 11:12 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital30303030313131313131313131
Reserves368155-319-1,173-741-1,684-1,5953-625-326-163-218-220
Preference Capital00012001271301321351601390
Borrowings4,4434,3645,1275,8786,3426,5646,5382,1982,48633649174175
Other Liabilities1,8441,9572,1181,8432,2732,4652,5979461,3053991773333
Total Liabilities6,6866,5056,9556,5797,9057,3767,5713,1783,198440942020
Fixed Assets4,8154,7645,0404,6125,8045,2135,3722,1692,16819400
CWIP2362843522912582592921421964000
Investments1000302827252574000
Other Assets1,6341,4571,5631,6761,8131,8761,880842809343902020
Total Assets6,6866,5056,9556,5797,9057,3767,5713,1783,198440942020

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 521584214-4234036087529-26-74-3-1
Cash from Investing Activity -2,186-249-2453-173-196-6316-18867-1-2
Cash from Financing Activity 1,645-594-53165-266-199-28-567209-2231
Net Cash Flow-20-259-83126-98-36-3-21-5-30-1-2

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow267.00517.00284.0029.00316.00197.00207.0040.00-110.00-175.00-142.00-56.00

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 Days16917316281159182517,3391562
Inventory Days24820015712513213117719617580700
Days Payable3313332402133253745802282158,641
Cash Conversion Cycle-67-124-67-57-131-163-244-14-159,5061562
Working Capital Days-148-103-108-62-76-72-167-33-8819,82512,329-5,188
ROCE %4%6%1%-1%2%3%5%2%-3%-1%2%-266%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters52.62%52.62%52.62%52.62%52.62%52.62%52.62%52.62%52.62%52.62%52.62%52.62%
FIIs0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%
DIIs1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%1.76%
Public45.30%45.30%45.30%45.30%45.30%45.30%45.31%45.30%45.30%45.31%45.31%45.30%
No. of Shareholders42,37542,37442,35742,34942,33042,32442,30442,29041,24940,71240,21039,868

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.)-48.0556.8893.36-395.73347.47
Diluted EPS (Rs.)-48.0556.8893.36-395.73347.47
Cash EPS (Rs.)-47.9756.9389.42-347.05397.37
Book Value[Excl.RevalReserv]/Share (Rs.)-59.60-58.55-111.53-192.50-7.04
Book Value[Incl.RevalReserv]/Share (Rs.)-59.60-42.05-95.04-176.009.46
Revenue From Operations / Share (Rs.)0.470.400.58523.37586.55
PBDIT / Share (Rs.)-46.820.74-2.3631.1871.75
PBIT / Share (Rs.)-46.870.66-2.62-21.6821.54
PBT / Share (Rs.)-48.0256.8589.16-378.92400.69
Net Profit / Share (Rs.)-48.0256.8589.16-399.91347.15
NP After MI And SOA / Share (Rs.)-48.0256.8593.31-395.51347.29
PBDIT Margin (%)-9814.29186.05-402.725.9512.23
PBIT Margin (%)-9824.96165.34-448.21-4.143.67
PBT Margin (%)-10066.9714142.8815231.81-72.3968.31
Net Profit Margin (%)-10067.0014142.8815231.81-76.4159.18
NP After MI And SOA Margin (%)-10067.0014142.8815940.83-75.5759.20
Return on Networth / Equity (%)0.00-97.10-87.620.00-6324.66
Return on Capital Employeed (%)78.647.169.82-3.873.17
Return On Assets (%)-770.76189.8966.53-36.7232.18
Long Term Debt / Equity (X)0.000.00-0.19-2.86-97.53
Total Debt / Equity (X)-0.92-0.26-1.20-3.69-122.78
Asset Turnover Ratio (%)0.020.010.000.000.00
Current Ratio (X)0.090.990.570.460.56
Quick Ratio (X)0.090.990.560.320.35
Interest Coverage Ratio (X)-40.550.69-1.440.451.26
Interest Coverage Ratio (Post Tax) (X)-40.600.61-1.61-0.62-0.56
Enterprise Value (Cr.)258.18104.97391.112440.252241.72
EV / Net Operating Revenue (X)172.4483.21212.901.491.22
EV / EBITDA (X)-1.7644.72-52.8624.949.95
MarketCap / Net Operating Revenue (X)59.3913.689.400.010.06
Price / BV (X)-0.47-0.09-0.05-0.03-6.79
Price / Net Operating Revenue (X)59.3913.729.400.010.06
EarningsYield-1.7010.3416.97-63.799.31

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 137.70

The stock is undervalued by 805.92% compared to the current price ₹15.2

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 has a low average Working Capital Days of -69.25, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -59.58, which is a positive sign.
  1. The stock has a low average ROCE of -20.50%, which may not be favorable.
  2. The company has higher borrowings (72.54) compared to reserves (-502.92), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (2.23) and profit (-204.23).

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: -10067.00%
      • 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: 78.64% (Industry Average ROCE: 60.25%)
      • 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%: 0.00% (Industry Average ROE: 78.7%)
      • 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): -40.60
      • 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: 0.09
      • 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 of N/A (Industry average Stock P/E: 28.25)
      • 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: -0.92
      • 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.
INDUSTRYADDRESSCONTACT
Miscellaneous37/2, Chinar Park, New Town, Kolkata West Bengal 700157sauvik.nayak@binani.net
http://www.binaniindustries.com
Management
NamePosition Held
Mr. Rajesh Kumar BagriNon Executive Director
Mr. Manoj ShroffIndependent Director
Mr. Sanjib Ranjan MaityIndependent Director
Mr. Pradyut MeyurIndependent Director
Mrs. Pankti PoojariIndependent Woman Director
Mr. Milin RamaniIndependent Director

Binani Industries Ltd. Share Price Update

Share PriceValue
Today₹15.06
Previous Day₹15.30

FAQ

What is the latest fair value of Binani Industries Ltd?

The latest fair value of Binani Industries Ltd is 137.70.

What is the Market Cap of Binani Industries Ltd?

The Market Cap of Binani Industries Ltd is 48.6 Cr..

What is the current Stock Price of Binani Industries Ltd as on 20 April 2024?

The current stock price of Binani Industries Ltd as on 20 April 2024 is 15.2.

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

In FY 2024, the High / Low of Binani Industries Ltd stocks is ₹25.2/13.2.

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 60.0.

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 266 %.

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.

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 Binani Industries 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