BL Kashyap & Sons Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:22 am

Market Cap	1,714 Cr.
Current Price	76.0
High / Low	121/60.0
Stock P/E	30.7
Book Value	23.3
Dividend Yield	0.00 %
ROCE	14.3 %
ROE	11.2 %
Face Value	1.00
PEG Ratio	0.68

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
IITL Projects Ltd	26.4 Cr.	52.9	78.1/16.0	8.18	70.7	0.00 %	%	%	10.0
HB Estate Developers Ltd	198 Cr.	102	125/45.0	26.6	80.1	0.00 %	7.00 %	2.39 %	10.0
Hazoor Multi Projects Ltd	994 Cr.	49.9	63.9/28.4	11.8	19.5	0.60 %	%	%	1.00
Gyan Developers & Builders Ltd	9.11 Cr.	30.4	33.8/7.07		12.7	0.00 %	4.02 %	3.75 %	10.0
GG Dandekar Properties Ltd	57.2 Cr.	120	163/87.4		96.9	0.00 %	1.27 %	9.45 %	1.00
Industry Average	16,164.50 Cr	306.21		47.59	133.45	0.14%	23.48%	27.83%	21.38

All Competitor Stocks of

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	241	314	278	324	289	293	253	276	253	327	324	341	350
Expenses	217	279	252	319	257	272	231	253	228	298	300	308	319
Operating Profit	24	35	26	5	32	21	22	23	25	29	24	33	32
OPM %	10%	11%	9%	2%	11%	7%	9%	8%	10%	9%	7%	10%	9%
Other Income	0	1	-3	43	0	5	9	-30	3	1	1	8	9
Interest	13	14	12	16	13	13	12	13	11	11	12	15	11
Depreciation	3	3	3	3	3	3	2	2	2	3	3	3	3
Profit before tax	9	19	8	29	17	11	16	-23	14	17	10	22	27
Tax %	31%	29%	31%	37%	30%	45%	-129%	41%	28%	29%	31%	-6%	24%
Net Profit	6	14	6	18	12	6	37	-32	10	12	7	24	20
EPS in Rs	0.28	0.60	0.26	0.82	0.52	0.25	1.62	-1.42	0.44	0.53	0.31	1.05	0.90

Last Updated: October 7, 2024, 8:33 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 3:02 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	1,543	1,349	834	860	924	1,012	769	820	762	1,158	1,110	1,245	1,342
Expenses	1,436	1,296	816	792	834	927	713	799	699	1,067	1,012	1,134	1,225
Operating Profit	107	53	19	68	89	85	57	21	63	90	98	110	117
OPM %	7%	4%	2%	8%	10%	8%	7%	3%	8%	8%	9%	9%	9%
Other Income	23	-65	31	23	0	31	5	-22	7	41	-16	12	19
Interest	93	97	81	82	83	77	59	69	59	55	51	49	49
Depreciation	26	23	47	21	13	12	12	12	11	10	10	10	11
Profit before tax	12	-132	-78	-12	-6	27	-10	-82	-1	66	21	63	76
Tax %	27%	-36%	-26%	-48%	-181%	23%	-34%	-23%	8,490%	33%	-7%	17%
Net Profit	8	-85	-58	-6	5	21	-6	-63	-58	44	22	53	63
EPS in Rs	0.41	-4.14	-2.82	-0.29	0.24	0.98	-0.28	-2.79	-2.59	1.95	0.98	2.33	2.79
Dividend Payout %	12%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

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 (%)	-1162.50%	31.76%	89.66%	183.33%	320.00%	-128.57%	-950.00%	7.94%	175.86%	-50.00%	140.91%
Change in YoY Net Profit Growth (%)	0.00%	1194.26%	57.89%	93.68%	136.67%	-448.57%	-821.43%	957.94%	167.93%	-225.86%	190.91%

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:	-1%
5 Years:	10%
3 Years:	18%
TTM:	16%

Compounded Profit Growth
10 Years:	52%
5 Years:	71%
3 Years:	78%
TTM:	7%

Stock Price CAGR
10 Years:	18%
5 Years:	53%
3 Years:	40%
1 Year:	17%

Return on Equity
10 Years:	1%
5 Years:	4%
3 Years:	9%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:46 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	21	21	21	21	21	22	23	23	23	23	23	23	23
Reserves	528	444	384	379	414	476	493	436	357	400	422	474	503
Borrowings	638	682	762	797	745	605	552	520	519	380	320	310	282
Other Liabilities	832	695	596	637	595	645	756	839	622	629	531	606	620
Total Liabilities	2,019	1,841	1,762	1,833	1,774	1,748	1,824	1,818	1,520	1,432	1,295	1,412	1,428
Fixed Assets	159	140	90	99	431	414	412	311	236	230	133	154	173
CWIP	106	117	130	139	95	97	94	95	0	0	0	2	2
Investments	302	299	299	301	1	1	1	1	0	0	0	0	0
Other Assets	1,452	1,285	1,244	1,294	1,247	1,236	1,316	1,412	1,284	1,202	1,162	1,256	1,254
Total Assets	2,019	1,841	1,762	1,833	1,774	1,748	1,824	1,818	1,520	1,432	1,295	1,412	1,428

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 +	215	-23	-35	117	245	117	164	-23	-181	87	20	79
Cash from Investing Activity +	-8	-14	1	-34	-3	-22	-2	84	142	-14	110	-31
Cash from Financing Activity +	-205	35	40	-89	-243	-45	-160	-60	52	-69	-110	-80
Net Cash Flow	2	-2	5	-7	-1	50	2	2	14	5	19	-33

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	-531.00	-629.00	-743.00	-729.00	-656.00	-520.00	-495.00	-499.00	-456.00	-290.00	-222.00	-200.00

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

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
Debtor Days	111	107	169	187	156	127	176	171	210	110	138	110
Inventory Days	286	259	414	384	333	261	372	347		201	240	348
Days Payable	143	150	188	163	118	152	170	179		116	140	160
Cash Conversion Cycle	254	215	396	407	371	236	378	339	210	195	238	298
Working Capital Days	116	133	235	242	151	89	135	173	233	140	158	153
ROCE %	9%	4%	0%	6%	7%	9%	5%	2%	8%	10%	14%	14%

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	61.52%	61.55%	61.55%	61.55%	61.56%	61.58%	61.61%	61.65%	61.65%	61.65%	61.65%	61.65%
FIIs	0.40%	0.40%	0.40%	0.46%	0.54%	0.22%	0.43%	0.35%	0.30%	0.89%	1.65%	1.87%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%
Public	38.08%	38.05%	38.05%	37.99%	37.91%	38.11%	37.96%	38.00%	38.04%	37.44%	36.70%	36.48%
No. of Shareholders	30,218	29,343	28,361	26,701	25,325	24,602	25,099	26,225	30,430	38,581	39,133	45,122

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	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	2.33	0.98	1.95	-2.59	-2.79
Diluted EPS (Rs.)	2.33	0.98	1.95	-2.59	-2.79
Cash EPS (Rs.)	2.79	1.41	2.41	-2.10	-2.26
Book Value[Excl.RevalReserv]/Share (Rs.)	22.02	19.73	18.76	16.82	20.33
Book Value[Incl.RevalReserv]/Share (Rs.)	22.02	19.73	18.76	16.82	20.33
Revenue From Operations / Share (Rs.)	55.20	49.24	51.34	33.81	36.36
PBDIT / Share (Rs.)	5.43	5.22	4.10	3.90	1.63
PBIT / Share (Rs.)	4.97	4.79	3.64	3.41	1.10
PBT / Share (Rs.)	2.81	0.91	2.92	-0.03	-3.63
Net Profit / Share (Rs.)	2.33	0.98	1.95	-2.59	-2.79
NP After MI And SOA / Share (Rs.)	2.33	0.98	1.95	-2.59	-2.79
PBDIT Margin (%)	9.84	10.60	7.99	11.54	4.47
PBIT Margin (%)	9.00	9.72	7.09	10.09	3.02
PBT Margin (%)	5.08	1.85	5.69	-0.08	-9.99
Net Profit Margin (%)	4.22	1.99	3.79	-7.66	-7.66
NP After MI And SOA Margin (%)	4.22	1.99	3.79	-7.66	-7.66
Return on Networth / Equity (%)	10.58	4.97	10.39	-15.40	-13.70
Return on Capital Employeed (%)	17.16	18.33	12.39	10.79	2.94
Return On Assets (%)	3.72	1.70	3.06	-3.84	-3.45
Long Term Debt / Equity (X)	0.06	0.08	0.15	0.29	0.29
Total Debt / Equity (X)	0.62	0.71	0.86	1.11	0.93
Asset Turnover Ratio (%)	0.91	0.81	0.76	0.44	0.46
Current Ratio (X)	1.37	1.36	1.21	1.27	1.11
Quick Ratio (X)	0.71	0.87	0.77	0.82	0.73
Inventory Turnover Ratio (X)	1.57	1.55	1.84	1.14	1.18
Interest Coverage Ratio (X)	2.51	2.29	1.69	1.48	0.52
Interest Coverage Ratio (Post Tax) (X)	2.08	2.13	1.10	0.32	0.63
Enterprise Value (Cr.)	1822.80	959.52	931.69	821.69	527.90
EV / Net Operating Revenue (X)	1.46	0.86	0.80	1.08	0.64
EV / EBITDA (X)	14.88	8.15	10.07	9.34	14.39
MarketCap / Net Operating Revenue (X)	1.24	0.63	0.51	0.55	0.13
Price / BV (X)	3.12	1.57	1.41	1.12	0.24
Price / Net Operating Revenue (X)	1.24	0.63	0.51	0.55	0.13
EarningsYield	0.03	0.03	0.07	-0.13	-0.55

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 81.72

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 21, 2024, is Undervalued by 7.53% compared to the current share price 76.00

Intrinsic Value of as of December 21, 2024 is: 118.38

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 21, 2024, is Undervalued by 55.76% compared to the current share price 76.00

Last 5 Year EPS CAGR: 44.87%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
	The stock has a low average ROCE of 7.33%, which may not be favorable. The stock has a high average Working Capital Days of 163.17, which may not be favorable. The stock has a high average Cash Conversion Cycle of 294.75, which may not be favorable. The company has higher borrowings (547.08) compared to reserves (439.23), which may suggest financial risk. The company has not shown consistent growth in sales (382.77) and profit (-4.31).

Strength

Weakness

The stock has a low average ROCE of 7.33%, which may not be favorable.
The stock has a high average Working Capital Days of 163.17, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 294.75, which may not be favorable.
The company has higher borrowings (547.08) compared to reserves (439.23), which may suggest financial risk.
The company has not shown consistent growth in sales (382.77) and profit (-4.31).

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 :
1. Net Profit Margin: 4.22%
  - 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: 17.16% (Industry Average ROCE: 23.48%)
  - 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%: 10.58% (Industry Average ROE: 27.83%)
  - 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): 2.08
  - 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: 0.71
  - 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: 30.7 (Industry average Stock P/E: 47.59)
  - 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: 0.62
  - 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

B L Kashyap & Sons Ltd. is a Public Limited Listed company incorporated on 08/05/1989 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1989PLC036148 and registration number is 036148. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 1139.98 Cr. and Equity Capital is Rs. 22.54 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	409, 4th Floor, New Delhi Delhi 110025	info@blkashyap.com http://www.blkashyap.com

Management
Name	Position Held
Mr. Vinod Kashyap	Chairman
Mr. Vineet Kashyap	Managing Director
Mr. Vikram Kashyap	Joint Managing Director
Mr. H N Nanani	Independent Director
Ms. Poonam Sangha	Independent Director
Mr. Vivek Talwar	Independent Director
Mr. Settihalli Basavaraj	Independent Director
Mr. Vishal Sharat Ohri	Nominee Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹81.72, which is 7.53% higher than the current market price of ₹76.00. The stock has a market capitalization of 1,714 Cr. and recorded a high/low of 121/60.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹503 Cr and total liabilities of ₹1,428 Cr.

What is the Market Cap of ?

The Market Cap of is 1,714 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 76.0.

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

In FY 2024-2025, the High / Low of stocks is 121/60.0.

What is the Stock P/E of ?

The Stock P/E of is 30.7.

What is the Book Value of ?

The Book Value of is 23.3.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 14.3 %.

What is the ROE of ?

The ROE of is 11.2 %.

What is the Face Value of ?

The Face Value of is 1.00.