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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 514215 | NSE: BINNY

Fundamental Analysis of Binny Ltd

Basic Stock Data

Last Updated: April 17, 2024, 5:01 pm

Market Cap 331 Cr.
Current Price 148
High / Low344/144
Stock P/E7.21
Book Value 208
Dividend Yield0.00 %
ROCE26.8 %
ROE15.0 %
Face Value 5.00

Data Source: screener.in

Competitors of Binny Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mahindra Lifespace Developers Ltd 9,845 Cr. 635670/358361 1130.36 %2.09 %1.78 % 10.0
Phoenix Mills Ltd 55,764 Cr. 3,1223,266/1,33456.3 4940.16 %9.94 %11.4 % 2.00
Oberoi Realty Ltd 53,110 Cr. 1,4611,587/86932.8 3530.27 %16.0 %16.6 % 10.0
Sunteck Realty Ltd 6,289 Cr. 429512/271 1880.35 %2.56 %0.05 % 1.00
Kolte Patil Developers Ltd 4,165 Cr. 548585/24355.4 1370.73 %13.4 %10.2 % 10.0
Industry Average25,834.60 Cr1,239.00101.10257.000.37%8.80%8.01%6.60

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales61515463728494132255158
Expenses2462266877231121
Operating Profit511924312241342624037
OPM %74%72%59%57%67%83%80%84%83%80%10%78%64%
Other Income10321010000000803
Interest1033-46432232111
Depreciation0000000000470
Profit before tax5102361272039312453239
Tax %29%58%29%47%51%25%50%25%27%28%300%39%52%
Net Profit3416302110292317-102019
EPS in Rs1.471.817.281.420.129.234.3613.0710.127.81-4.388.778.39

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 9:50 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales88970455460412974147150
Expenses538353155710154447
Operating Profit3414-542441-4341959103102
OPM %39%56%14%61%-10,760%93%90%-1,189%83%65%79%70%68%
Other Income01-391213154242421088
Interest00222522234638281686
Depreciation00010000000411
Profit before tax35-612-941534-93833539992
Tax %27%15%0%19%0%33%80%-73%147%38%37%40%
Net Profit24-612-92797-15-1820335950
EPS in Rs1.021.97-27.160.88-3.91125.212.93-6.74-7.999.0915.0126.6322.32
Dividend Payout %0%0%0%0%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 (%)100.00%-1625.00%103.28%-550.00%3200.00%-97.49%-314.29%-20.00%211.11%65.00%78.79%
Change in YoY Net Profit Growth (%)0.00%-1725.00%1728.28%-653.28%3750.00%-3297.49%-216.79%294.29%231.11%-146.11%13.79%

Growth

Compounded Sales Growth
10 Years:34%
5 Years:26%
3 Years:53%
TTM:8%
Compounded Profit Growth
10 Years:31%
5 Years:55%
3 Years:75%
TTM:-44%
Stock Price CAGR
10 Years:5%
5 Years:3%
3 Years:11%
1 Year:-49%
Return on Equity
10 Years:13%
5 Years:5%
3 Years:11%
Last Year:15%

Last Updated: April 16, 2024, 11:31 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital111111111111111111111111
Reserves16016510410697269312319301322355414
Preference Capital117117117117117011711711711700
Borrowings39412202121424321422114911
Other Liabilities148147195386608403441542610691528504
Total Liabilities3583643135247378971,0061,0861,1441,173895931
Fixed Assets3013003003222221233
CWIP000000000000
Investments29290002000111
Other Assets2935125207358941,0051,0841,1421,171892897
Total Assets3583643135247378971,0061,0861,1441,173895931

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1-358-101110-129-171291631641
Cash from Investing Activity 003-0-103460-0-1-27
Cash from Financing Activity -02-6313-12-10127127-31-14-315-8
Net Cash Flow1-1-22-2-012-22-16

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-114.00-113.00-116.00-113.00-122.00424.00-76.00-121.00-83.00-98.0059.00103.00

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 Days586546213,066061,115161349
Inventory Days32,74915,22513,656
Days Payable812311
Cash Conversion Cycle586546213,066061,1151632,68015,20613,654
Working Capital Days8919373-1912,545,8751942,979652,9555,6568,5783,2901,766
ROCE %1%1%0%2%-2%118%10%6%12%10%14%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.69%74.69%74.69%74.69%74.69%74.69%74.68%74.69%74.68%74.68%74.68%56.20%
FIIs0.08%0.08%0.00%0.00%0.00%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
DIIs1.71%1.71%1.68%1.68%1.68%1.55%0.75%0.58%0.51%0.34%0.33%0.31%
Government1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%
Public21.87%21.87%21.98%21.98%21.98%22.07%22.87%23.03%23.10%23.28%23.27%41.78%
No. of Shareholders10,21110,14210,47410,51210,72310,88911,40511,35511,47611,56311,93011,928

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
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)26.6114.9910.54-7.44-6.74
Diluted EPS (Rs.)26.6114.9910.54-7.44-6.74
Cash EPS (Rs.)28.5215.139.20-7.90-6.65
Book Value[Excl.RevalReserv]/Share (Rs.)180.34147.25129.13118.56125.99
Book Value[Incl.RevalReserv]/Share (Rs.)190.66164.09149.08140.00147.98
Revenue From Operations / Share (Rs.)65.7833.3113.1518.270.16
PBDIT / Share (Rs.)49.4530.9927.4334.1716.98
PBIT / Share (Rs.)47.5330.8627.3134.0816.89
PBT / Share (Rs.)44.1623.8214.5916.87-3.90
Net Profit / Share (Rs.)26.6114.999.08-7.98-6.74
PBDIT Margin (%)75.1893.03208.49187.0410420.24
PBIT Margin (%)72.2692.62207.62186.5710367.29
PBT Margin (%)67.1371.50110.9192.34-2392.27
Net Profit Margin (%)40.4445.0069.06-43.69-4135.69
Return on Networth / Equity (%)14.7510.187.03-6.73-5.34
Return on Capital Employeed (%)13.098.015.326.923.52
Return On Assets (%)6.393.731.72-1.55-1.38
Long Term Debt / Equity (X)0.000.000.510.830.76
Total Debt / Equity (X)0.000.000.510.830.76
Asset Turnover Ratio (%)0.160.070.020.030.00
Current Ratio (X)7.0819.7626.0215.2943.43
Quick Ratio (X)2.5311.7915.448.6423.91
Interest Coverage Ratio (X)14.644.402.161.990.81
Interest Coverage Ratio (Post Tax) (X)8.883.131.710.530.67
Enterprise Value (Cr.)506.59930.44525.41470.28626.31
EV / Net Operating Revenue (X)3.4512.5117.9011.531722.52
EV / EBITDA (X)4.5913.458.586.1716.53
MarketCap / Net Operating Revenue (X)3.5212.579.033.42826.85
Price / BV (X)1.282.840.910.521.07
Price / Net Operating Revenue (X)3.5212.579.033.42828.92
EarningsYield0.110.030.07-0.12-0.05

Last Updated: April 10, 2024, 6:31 am

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 229.45

The stock is undervalued by 55.03% compared to the current price ₹148

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 high average ROCE of 16.58%, which is a positive sign.
  2. The company has higher reserves (259.77 cr) compared to borrowings (81.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (74.92 cr) and profit (53.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 85.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 23.00, which may not be favorable.

Stock Analysis

  • Based on the analysis of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Binny Ltd:
    1. Net Profit Margin: 40.44% (Higher values are generally favorable)
      • 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: 13.09% (Industry Average ROCE: 8.02%)
      • 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%: 14.75% (Industry Average ROE: 5.78%)
      • 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): 8.88 (Higher values, preferably > 2, are recommended)
      • 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: 2.53 (Higher values, preferably > 1, are recommended)
      • 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: 7.21 (Industry average Stock P/E: 104.7)
      • 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: 0.00 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.
    Stock Rating: ★★★★★

About the Company - Qualitative Analysis

Binny Ltd. is a Public Limited Listed company incorporated on 30/06/1969 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L17111TN1969PLC005736 and registration number is 005736. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 74.36 Cr. and Equity Capital is Rs. 11.16 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyNo: 1, Cooks Road, Chennai (Madras) Tamil Nadu 600012binny@binnyltd.in
http://www.binnyltd.in
Management
NamePosition Held
Mr. M NandagopalExe.Chairman & Mng.Director
Mr. Arvind NandagopalDirector
Mr. T KrishnamurthyDirector - Finance & CFO
Dr. Major D RajaIndependent Director
Justice S JagadeesanIndependent Director

Binny Ltd. Share Price Update

Share PriceValue
Today₹148.40
Previous Day₹148.40

FAQ

What is the latest fair value of Binny Ltd?

The latest fair value of Binny Ltd is 229.45.

What is the Market Cap of Binny Ltd?

The Market Cap of Binny Ltd is 331 Cr..

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

The current stock price of Binny Ltd as on 20 April 2024 is 148.

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

In FY 2024, the High / Low of Binny Ltd stocks is ₹344/144.

What is the Stock P/E of Binny Ltd?

The Stock P/E of Binny Ltd is 7.21.

What is the Book Value of Binny Ltd?

The Book Value of Binny Ltd is 208.

What is the Dividend Yield of Binny Ltd?

The Dividend Yield of Binny Ltd is 0.00 %.

What is the ROCE of Binny Ltd?

The ROCE of Binny Ltd is 26.8 %.

What is the ROE of Binny Ltd?

The ROE of Binny Ltd is 15.0 %.

What is the Face Value of Binny Ltd?

The Face Value of Binny Ltd is 5.00.

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 Binny 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