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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 542669 | NSE: BMW

Fundamental Analysis of BMW Industries Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:44 am

Market Cap 1,358 Cr.
Current Price 60.4
High / Low86.0/25.6
Stock P/E22.3
Book Value 28.2
Dividend Yield0.36 %
ROCE11.5 %
ROE8.91 %
Face Value 1.00

Data Source:

Competitors of BMW Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Lokesh Machines Ltd 872 Cr. 471473/12571.9 91.10.00 %9.83 %5.63 % 10.0
Somi Conveyor Beltings Ltd 166 Cr. 140153/43.035.9 58.10.00 %7.92 %5.31 % 10.0
Mazda Ltd 573 Cr. 1,4311,661/62517.5 4840.98 %21.0 %15.4 % 10.0
Birla Precision Technologies Ltd 434 Cr. 66.476.7/32.037.4 21.10.08 %12.8 %9.52 % 2.00
Skipper Ltd 3,703 Cr. 342401/10251.7 70.90.03 %11.9 %4.33 % 1.00
Industry Average1,149.60 Cr490.0842.88145.040.22%12.69%8.04%6.60

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit20313127252227334129373932
OPM %19%25%28%26%22%19%20%22%29%21%23%24%22%
Other Income3-23512553114121
Profit before tax3-224141112911162325212516
Tax %33%19%23%4%28%44%24%20%24%37%27%28%26%
Net Profit2-1811110859121716161812
EPS in Rs0.09-8.050.490.460.360.230.380.550.770.720.690.790.51

Last Updated: April 10, 2024, 6:48 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 6:05 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit11712415114111095105130136
OPM %17%16%16%17%18%24%24%23%23%
Other Income27162715-2281398
Profit before tax3943726532-215467587
Tax %14%22%29%35%31%18%24%27%
Net Profit3334514222-175355461
EPS in Rs15.031.502.281.850.97-7.801.532.422.71
Dividend Payout %0%0%0%1%0%0%1%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

YoY Net Profit Growth (%)3.03%50.00%-17.65%-47.62%-895.45%120.00%54.29%
Change in YoY Net Profit Growth (%)0.00%46.97%-67.65%-29.97%-847.84%1015.45%-65.71%


Compounded Sales Growth
10 Years:%
5 Years:-10%
3 Years:-3%
Compounded Profit Growth
10 Years:%
5 Years:2%
3 Years:32%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:29%
1 Year:87%
Return on Equity
10 Years:%
5 Years:7%
3 Years:8%
Last Year:9%

Last Updated: April 16, 2024, 11:30 am

Balance Sheet

Last Updated: April 4, 2024, 9:59 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital232323232323232323
Other Liabilities811271541611319791116115
Total Liabilities1,2081,1571,1991,1901,131895900956934
Fixed Assets564547516483522450432464487
Other Assets533489583608506386418467408
Total Assets1,2081,1571,1991,1901,131895900956934

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1031469210912812364126
Cash from Investing Activity -30-47-19-6-66-20-57
Cash from Financing Activity -74-99-92-114-122-62-44-62
Net Cash Flow-11-140-407

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-452.00-349.00-277.00-231.00-196.00-184.00-151.00-108.00

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 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10686839382949084
Inventory Days153134136160246274321226
Days Payable2720393130993641
Cash Conversion Cycle232200180223298270375268
Working Capital Days224168159189211208224185
ROCE %8%11%12%8%6%8%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders1,6162,5643,2004,5816,4907,1437,7957,7438,0909,01012,57122,137

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
Basic EPS (Rs.)2.421.55-7.800.981.86
Diluted EPS (Rs.)2.421.55-7.800.981.86
Cash EPS (Rs.)4.193.74-5.453.083.94
Book Value[Excl.RevalReserv]/Share (Rs.)26.8224.6323.1030.8829.25
Book Value[Incl.RevalReserv]/Share (Rs.)26.8224.6323.1030.8829.25
Revenue From Operations / Share (Rs.)24.9819.8817.6727.3136.81
PBDIT / Share (Rs.)
PBIT / Share (Rs.)4.403.072.343.445.37
PBT / Share (Rs.)3.342.03-9.561.422.87
Net Profit / Share (Rs.)2.421.55-7.800.971.86
NP After MI And SOA / Share (Rs.)2.421.53-7.800.971.85
PBDIT Margin (%)24.6826.4726.5620.3020.23
PBIT Margin (%)17.6115.4313.2612.6014.58
PBT Margin (%)13.3510.22-
Net Profit Margin (%)9.687.77-44.113.585.04
NP After MI And SOA Margin (%)9.687.71-44.173.565.03
Return on Networth / Equity (%)9.046.24-33.843.156.33
Return on Capital Employeed (%)13.209.907.879.4014.75
Return On Assets (%)5.673.80-19.511.923.50
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.360.430.400.350.47
Asset Turnover Ratio (%)0.600.470.370.560.73
Current Ratio (X)1.731.601.311.521.56
Quick Ratio (X)1.080.930.780.840.99
Inventory Turnover Ratio (X)1.601.260.911.482.16
Dividend Payout Ratio (NP) (%)8.261.300.000.001.07
Dividend Payout Ratio (CP) (%)4.770.530.000.000.50
Earning Retention Ratio (%)91.7498.700.000.0098.93
Cash Earning Retention Ratio (%)95.2399.470.000.0099.50
Interest Coverage Ratio (X)5.805.083.612.742.98
Interest Coverage Ratio (Post Tax) (X)3.272.493.161.481.74
Enterprise Value (Cr.)1009.01829.24925.33477.930.00
EV / Net Operating Revenue (X)1.791.852.330.770.00
MarketCap / Net Operating Revenue (X)1.431.331.810.400.00
Retention Ratios (%)91.7398.690.000.0098.92
Price / BV (X)1.331.081.390.350.00
Price / Net Operating Revenue (X)1.431.331.810.400.00

Last Updated: April 10, 2024, 6:18 am

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 56.23

The stock is overvalued by 6.90% compared to the current price ₹60.4

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

  1. The company has higher reserves (576.89 cr) compared to borrowings (344.89 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (649.78 cr) and profit (27.11 cr) over the years.
  1. The stock has a low average ROCE of 8.13%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 196.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 255.75, 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 BMW Industries Ltd:
    1. Net Profit Margin: 9.68% (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: 13.20% (Industry Average ROCE: 12.69%)
      • 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%: 9.04% (Industry Average ROE: 8.04%)
      • 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): 3.27 (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: 1.08 (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: 22.3 (Industry average Stock P/E: 42.88)
      • 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: 0.36 (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

BMW Industries Ltd. is a Public Limited Listed company incorporated on 21/10/1981 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L51109WB1981PLC034212 and registration number is 034212. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 406.19 Cr. and Equity Capital is Rs. 22.51 Cr. for the Year ended 31/03/2022.
Engineering - General119, Park Street, Kolkata West Bengal
NamePosition Held
Mr. Ram Gopal BansalChairman & Wholetime Director
Mr. Harsh Kumar BansalManaging Director
Mr. Vivek Kumar BansalManaging Director
Ms. Monika ChandIndependent Director
Mr. Ram Priya SharanIndependent Director
Mr. Sunil Kumar ParikIndependent Director

BMW Industries Ltd. Share Price Update

Share PriceValue
Previous Day₹61.13


What is the latest fair value of BMW Industries Ltd?

The latest fair value of BMW Industries Ltd is ₹56.23.

What is the Market Cap of BMW Industries Ltd?

The Market Cap of BMW Industries Ltd is 1,358 Cr..

What is the current Stock Price of BMW Industries Ltd as on 23 April 2024?

The current stock price of BMW Industries Ltd as on 23 April 2024 is 60.4.

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

In FY 2024, the High / Low of BMW Industries Ltd stocks is ₹86.0/25.6.

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

The Stock P/E of BMW Industries Ltd is 22.3.

What is the Book Value of BMW Industries Ltd?

The Book Value of BMW Industries Ltd is 28.2.

What is the Dividend Yield of BMW Industries Ltd?

The Dividend Yield of BMW Industries Ltd is 0.36 %.

What is the ROCE of BMW Industries Ltd?

The ROCE of BMW Industries Ltd is 11.5 %.

What is the ROE of BMW Industries Ltd?

The ROE of BMW Industries Ltd is 8.91 %.

What is the Face Value of BMW Industries Ltd?

The Face Value of BMW Industries Ltd is 1.00.

About the Author

Author Avatar

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 BMW 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 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