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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500060 | NSE: BIRLACABLE

Fundamental Analysis of Birla Cable Ltd

Basic Stock Data

Last Updated: April 6, 2024, 7:27 am

Market Cap 759 Cr.
Current Price 253
High / Low433/127
Stock P/E22.4
Book Value 82.8
Dividend Yield0.99 %
ROCE18.4 %
ROE16.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Birla Cable Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tamil Nadu Telecommunications Ltd 47.5 Cr. 10.417.3/5.77 34.00.00 %%% 10.0
Sterlite Technologies Ltd 5,476 Cr. 137179/11054.4 53.50.73 %11.0 %6.32 % 2.00
Paramount Communications Ltd 2,381 Cr. 84.6117/32.834.1 14.20.00 %13.8 %21.2 % 2.00
Vindhya Telelinks Ltd 2,991 Cr. 2,5242,899/1,66310.8 3,1760.59 %8.11 %5.58 % 10.0
Surana Telecom and Power Ltd 228 Cr. 16.821.0/8.68 9.370.00 %0.15 %1.15 % 1.00
Industry Average2,224.70 Cr554.5619.86657.410.26%6.61%6.85%5.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales84.85118.9692.67137.78142.81162.19147.86199.34199.70245.30174.10174.71161.97
Expenses80.77107.1285.20129.55132.52144.74139.66182.45183.77222.76161.62164.72150.71
Operating Profit4.0811.847.478.2310.2917.458.2016.8915.9322.5412.489.9911.26
OPM %4.81%9.95%8.06%5.97%7.21%10.76%5.55%8.47%7.98%9.19%7.17%5.72%6.95%
Other Income0.310.460.690.420.660.930.101.441.861.109.672.900.76
Interest0.881.761.231.192.191.541.843.454.033.593.663.283.99
Depreciation2.752.702.712.712.722.632.712.642.592.702.412.603.01
Profit before tax0.767.844.224.756.0414.213.7512.2411.1717.3516.087.015.02
Tax %61.84%19.26%28.91%22.95%25.66%25.62%18.93%25.00%25.69%25.30%25.44%24.39%25.50%
Net Profit0.296.333.013.664.4910.583.059.188.3012.9611.985.303.74
EPS in Rs0.102.111.001.221.503.531.023.062.774.323.991.771.25

Last Updated: April 13, 2024, 9:31 pm

Quarterly Chart

Birla Cable Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales75124291264250211325502223329535792794
Expenses74113255235223198290423206303492728733
Operating Profit2113529261435791725436461
OPM %2%9%12%11%11%6%11%16%8%8%8%8%8%
Other Income2324-2313223416
Interest559873457561315
Depreciation4456788111211111110
Profit before tax-5623181152466011294552
Tax %1%0%18%32%20%39%33%29%-240%25%26%25%
Net Profit-56191283164718223339
EPS in Rs-1.611.906.414.172.831.115.3815.680.342.737.2511.1612.85
Dividend Payout %0%0%16%24%35%0%19%13%0%37%21%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)220.00%216.67%-36.84%-33.33%-62.50%433.33%193.75%-97.87%700.00%175.00%50.00%
Change in YoY Net Profit Growth (%)0.00%-3.33%-253.51%3.51%-29.17%495.83%-239.58%-291.62%797.87%-525.00%-125.00%

Growth

Compounded Sales Growth
10 Years:20%
5 Years:20%
3 Years:53%
TTM:7%
Compounded Profit Growth
10 Years:20%
5 Years:16%
3 Years:224%
TTM:9%
Stock Price CAGR
10 Years:25%
5 Years:13%
3 Years:63%
1 Year:100%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:12%
Last Year:16%

Birla Cable Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital30303030303030303030303030
Reserves27324857626691142126138157200218
Borrowings2934485867404559757182129153
Other Liabilities19441067373739211050777710373
Total Liabilities105141232218232209258341281317346461475
Fixed Assets32303841615560678579748396
CWIP04110107002316
Investments1414141419201119913123039
Other Assets5993178162152133187248187225258345324
Total Assets105141232218232209258341281317346461475

Reserves and Borrowings Chart

Birla Cable Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -53482930-71732-13-7
Cash from Investing Activity 1-3-11-10-20-56-25-19-3-5-24
Cash from Financing Activity 4171-1-31180-10330
Net Cash Flow01-0-17-7-0-013-140-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-27.00-23.00-13.00-29.00-41.00-26.00-10.0020.00-58.00-46.00-39.00-65.00

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 Days134110118113111118117118133147106100
Inventory Days112120878290115100731701067360
Days Payable97148152881121421189479985649
Cash Conversion Cycle149825410689919997224155122111
Working Capital Days16112079105969410199184158121109
ROCE %0%12%29%20%14%6%19%36%3%7%14%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters66.35%66.35%66.35%66.35%66.35%66.35%66.35%66.35%66.35%66.35%66.35%66.35%
FIIs0.00%0.03%0.00%0.07%0.00%0.40%0.23%0.01%0.00%0.04%0.01%0.00%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.21%0.09%0.01%
Public33.64%33.61%33.64%33.57%33.64%33.24%33.42%33.63%33.64%33.40%33.56%33.64%
No. of Shareholders36,65740,98639,81635,33339,78139,61039,32439,12238,61138,41250,77451,587

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23
FaceValue10.00
Basic EPS (Rs.)10.98
Diluted EPS (Rs.)10.98
Cash EPS (Rs.)14.52
Book Value[Excl.RevalReserv]/Share (Rs.)76.47
Book Value[Incl.RevalReserv]/Share (Rs.)76.47
Revenue From Operations / Share (Rs.)264.07
PBDIT / Share (Rs.)22.50
PBIT / Share (Rs.)18.96
PBT / Share (Rs.)14.65
Net Profit / Share (Rs.)10.98
NP After MI And SOA / Share (Rs.)10.98
PBDIT Margin (%)8.52
PBIT Margin (%)7.18
PBT Margin (%)5.55
Net Profit Margin (%)4.15
NP After MI And SOA Margin (%)4.15
Return on Networth / Equity (%)14.35
Return on Capital Employeed (%)19.00
Return On Assets (%)7.14
Long Term Debt / Equity (X)0.27
Total Debt / Equity (X)0.55
Current Ratio (X)2.09
Quick Ratio (X)1.45
Dividend Payout Ratio (NP) (%)13.66
Dividend Payout Ratio (CP) (%)10.32
Earning Retention Ratio (%)86.34
Cash Earning Retention Ratio (%)89.68
Interest Coverage Ratio (X)5.23
Interest Coverage Ratio (Post Tax) (X)3.55
Enterprise Value (Cr.)496.99
EV / Net Operating Revenue (X)0.62
EV / EBITDA (X)7.36
MarketCap / Net Operating Revenue (X)0.47
Retention Ratios (%)86.33
Price / BV (X)1.63
Price / Net Operating Revenue (X)0.47
EarningsYield0.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 301.57

The stock is undervalued by 19.20% compared to the current price ₹253

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 company has higher reserves (104.92 cr) compared to borrowings (68.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (359.77 cr) and profit (21.38 cr) over the years.
  1. The stock has a low average ROCE of 14.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 118.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 114.92, which may not be favorable.

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 Birla Cable Ltd:
    1. Net Profit Margin: 4.15%
      • 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: 19.00% (Industry Average ROCE: 6.61%)
      • 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%: 14.35% (Industry Average ROE: 6.85%)
      • 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): 3.55
      • 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: 1.45
      • 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: 22.4 (Industry average Stock P/E: 19.86)
      • 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: 0.55
      • 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

Birla Cable Ltd. is a Public Limited Listed company incorporated on 30/06/1992 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L31300MP1992PLC007190 and registration number is 007190. Currently Company is involved in the business activities of Manufacture of fibre optic cables for data transmission or live transmission of images. Company’s Total Operating Revenue is Rs. 535.45 Cr. and Equity Capital is Rs. 30.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cables - TelecomUdyog Vihar, P O Chorhata, Rewa Madhya Pradesh 486006headoffice@birlacable.com
http://www.birlacable.com
Management
NamePosition Held
Mr. Harsh V LodhaChairman
Mr. D R BansalDirector
Dr. Aravind SrinivasanDirector
Mr. Arun KishoreDirector
Mr. K RaghuramanDirector
Mrs. Archana CapoorDirector
Mr. B R NaharDirector

Birla Cable Ltd. Share Price Update

Share PriceValue
Today₹263.20
Previous Day₹266.15

FAQ

What is the latest fair value of Birla Cable Ltd?

The latest fair value of Birla Cable Ltd is 301.57.

What is the Market Cap of Birla Cable Ltd?

The Market Cap of Birla Cable Ltd is 759 Cr..

What is the current Stock Price of Birla Cable Ltd as on 13 April 2024?

The current stock price of Birla Cable Ltd as on 13 April 2024 is 253.

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

In FY 2024, the High / Low of Birla Cable Ltd stocks is ₹433/127.

What is the Stock P/E of Birla Cable Ltd?

The Stock P/E of Birla Cable Ltd is 22.4.

What is the Book Value of Birla Cable Ltd?

The Book Value of Birla Cable Ltd is 82.8.

What is the Dividend Yield of Birla Cable Ltd?

The Dividend Yield of Birla Cable Ltd is 0.99 %.

What is the ROCE of Birla Cable Ltd?

The ROCE of Birla Cable Ltd is 18.4 %.

What is the ROE of Birla Cable Ltd?

The ROE of Birla Cable Ltd is 16.1 %.

What is the Face Value of Birla Cable Ltd?

The Face Value of Birla Cable 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 Birla Cable 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