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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Bombay Dyeing & Manufacturing Company Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 24, 2024, 9:58 pm

Market Cap 4,238 Cr.
Current Price 205
High / Low256/134
Stock P/E
Book Value 120
Dividend Yield0.58 %
ROCE0.97 %
ROE104 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Bombay Dyeing & Manufacturing Company Ltd

Competitors of Bombay Dyeing & Manufacturing Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Cotex Ltd 16.9 Cr. 11.914.4/3.1938.4 4.890.00 %3.52 %2.90 % 5.00
Gini Silk Mills Ltd 67.8 Cr. 121164/59.532.6 87.60.00 %5.66 %4.64 % 10.0
Dhanlaxmi Fabrics Ltd 54.0 Cr. 63.080.0/44.9 55.20.00 %12.2 %14.6 % 10.0
Bluechip Tex Industries Ltd 28.6 Cr. 145226/136 1350.69 %3.29 %1.84 % 10.0
Arex Industries Ltd 67.7 Cr. 171244/11123.4 61.70.00 %11.3 %8.34 % 10.0
Industry Average1,165.14 Cr118.14173.9768.610.11%10.37%13.84%7.33

All Competitor Stocks of Bombay Dyeing & Manufacturing Company Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales386499381496526598606745652670498441369
Expenses358452378469476528594737612766495425393
Operating Profit2847327517013840-95315-24
OPM %7%9%1%5%10%12%2%1%6%-14%1%4%-7%
Other Income1091514-1661040366216823,898
Interest14515113414014010912112913913511514858
Depreciation8988888889888
Profit before tax-115-103-125-107-264-37-76-93-101-219-113-593,807
Tax %28%-61%14%13%18%-12%-1%-0%0%-12%-6%11%20%
Net Profit-82-167-108-93-217-42-77-93-101-246-120-523,054
EPS in Rs-3.99-8.07-5.23-4.52-10.52-2.02-3.72-4.51-4.87-11.92-5.80-2.52147.86

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,2252,3252,6542,3761,8431,9242,6624,4301,8951,1932,0012,6742,261
Expenses1,9622,0342,4102,1221,6511,6912,0772,7201,5661,1671,8502,7082,297
Operating Profit2632912442541922325851,71032826151-35-37
OPM %12%13%9%11%10%12%22%39%17%2%8%-1%-2%
Other Income544440553949-106455089-129102115
Interest181175191227283368413489554588524523536
Depreciation61626047343230303334333333
Profit before tax75983335-85-119371,236-209-507-534-489-491
Tax %21%23%27%30%0%-25%7%0%257%7%14%-6%
Net Profit59762425-85-148341,230328-469-460-517-519
EPS in Rs2.873.671.181.19-4.13-7.181.6759.5515.87-22.71-22.29-25.01-25.11
Dividend Payout %35%27%68%67%-12%-10%60%3%1%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 (%)28.81%-68.42%4.17%-440.00%-74.12%122.97%3517.65%-73.33%-242.99%1.92%-12.39%
Change in YoY Net Profit Growth (%)0.00%-97.23%72.59%-444.17%365.88%197.09%3394.67%-3590.98%-169.65%244.91%-14.31%

Bombay Dyeing & Manufacturing Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-4%
5 Years:-18%
3 Years:12%
TTM:-30%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:13%
TTM:97%
Stock Price CAGR
10 Years:12%
5 Years:21%
3 Years:31%
1 Year:25%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-104%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:34 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital41414141414141414141414141
Reserves1,6461,4221,5311,27129459513918-237-800-1,3151,8052,439
Borrowings1,2481,4351,7262,4312,5422,8033,9714,1534,1724,4423,64233
Other Liabilities8508656956507617071,026586661545624709730
Total Liabilities3,7853,7643,9934,3933,6384,1475,1784,7984,6374,2292,9922,5583,213
Fixed Assets908858838590572556528521488466442575587
CWIP12715375727574511001412
Investments565656567739501,0623764733661937461,848
Other Assets2,6942,6963,0243,6752,2182,5663,5843,9003,6753,3962,3561,224765
Total Assets3,7853,7643,9934,3933,6384,1475,1784,7984,6374,2292,9922,5583,213

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +323-1445-435169-451-738100604522861355
Cash from Investing Activity +-654-87421205599827114161773,532
Cash from Financing Activity +-232-130404-254-154654-398-591-268-1,320-3,965
Net Cash Flow26-11-121136-4714-27153260-282-78

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow263.00290.00243.00253.00190.00230.00583.00-2.00324.0022.00147.00-38.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days34274147262990138200543611
Inventory Days3151422452591491265748221,25249019469
Days Payable1441261661131261081361042369164101
Cash Conversion Cycle2054212019348475278551,217453166-21
Working Capital Days1074610213818215195501408297110-3
ROCE %9%8%8%5%9%19%45%8%1%6%1%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters53.66%53.57%53.66%53.66%53.67%53.67%53.60%53.60%53.60%53.58%53.58%53.58%
FIIs0.13%0.44%0.52%0.60%0.58%0.14%0.36%1.39%0.98%0.97%1.92%0.73%
DIIs3.72%0.49%0.37%0.34%2.50%2.06%1.96%1.72%1.54%1.27%1.42%1.43%
Public42.49%45.50%45.45%45.40%43.25%44.16%44.10%43.31%43.90%44.18%43.06%44.26%
No. of Shareholders1,65,1251,53,1361,54,5691,51,4481,54,9601,57,6261,56,4531,40,7261,48,1231,45,5431,35,3741,36,806

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund78,8690.291.1378,8692024-11-180%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)142.77-25.02-22.29-22.7115.87
Diluted EPS (Rs.)142.77-25.02-22.29-22.7115.87
Cash EPS (Rs.)144.26-23.41-20.70-21.0917.43
Book Value[Excl.RevalReserv]/Share (Rs.)89.42-61.64-36.66-9.432.92
Book Value[Incl.RevalReserv]/Share (Rs.)89.42-61.64-36.66-9.432.92
Revenue From Operations / Share (Rs.)81.75129.4596.8757.7891.73
PBDIT / Share (Rs.)2.993.2812.372.8018.29
PBIT / Share (Rs.)1.471.6710.781.1716.69
PBT / Share (Rs.)176.71-23.65-25.87-24.52-10.12
Net Profit / Share (Rs.)142.75-25.02-22.29-22.7215.82
NP After MI And SOA / Share (Rs.)142.76-25.02-22.29-22.7115.87
PBDIT Margin (%)3.652.5312.764.8419.94
PBIT Margin (%)1.791.2811.122.0118.19
PBT Margin (%)216.16-18.27-26.70-42.44-11.03
Net Profit Margin (%)174.62-19.33-23.01-39.3217.25
NP After MI And SOA Margin (%)174.63-19.32-23.00-39.3017.30
Return on Networth / Equity (%)157.390.000.000.00377.11
Return on Capital Employeed (%)1.502.399.211.0310.07
Return On Assets (%)115.15-17.25-10.88-10.116.81
Long Term Debt / Equity (X)0.00-2.16-4.31-14.8438.34
Total Debt / Equity (X)0.00-2.92-6.07-20.1547.36
Asset Turnover Ratio (%)0.600.740.450.250.37
Current Ratio (X)2.041.031.441.292.39
Quick Ratio (X)1.580.320.440.400.64
Inventory Turnover Ratio (X)1.720.880.600.240.39
Dividend Payout Ratio (NP) (%)0.000.000.00-0.949.45
Dividend Payout Ratio (CP) (%)0.000.000.00-1.018.58
Earning Retention Ratio (%)0.000.000.00100.9490.55
Cash Earning Retention Ratio (%)0.000.000.00101.0191.42
Interest Coverage Ratio (X)0.180.120.480.090.68
Interest Coverage Ratio (Post Tax) (X)-2.060.010.560.101.59
Enterprise Value (Cr.)2785.254603.185981.504577.874993.15
EV / Net Operating Revenue (X)1.651.722.993.842.64
EV / EBITDA (X)45.1367.9823.4279.2213.21
MarketCap / Net Operating Revenue (X)1.950.431.021.210.49
Retention Ratios (%)0.000.000.00100.9490.54
Price / BV (X)1.76-0.94-2.78-8.6110.88
Price / Net Operating Revenue (X)1.950.431.021.210.49
EarningsYield0.89-0.44-0.22-0.320.34

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bombay Dyeing & Manufacturing Company Ltd as of November 24, 2024 is: 1,882.86

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 November 24, 2024, Bombay Dyeing & Manufacturing Company Ltd is Undervalued by 818.47% compared to the current share price 205.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Bombay Dyeing & Manufacturing Company Ltd as of November 24, 2024 is: 891.68

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 November 24, 2024, Bombay Dyeing & Manufacturing Company Ltd is Undervalued by 334.97% compared to the current share price 205.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -52.64%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 10.00%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 177.83, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 219.67, which may not be favorable.
    4. The company has higher borrowings (2,505.46) compared to reserves (677.54), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (1.85) and profit (-165.77).

    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 Bombay Dyeing & Manufacturing Company Ltd:
      1. Net Profit Margin: 174.62%
        • 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: 1.5% (Industry Average ROCE: 10.37%)
        • 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%: 157.39% (Industry Average ROE: 13.84%)
        • 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): -2.06
        • 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: 1.58
        • 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: 0 (Industry average Stock P/E: 173.97)
        • 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
        • 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

    Bombay Dyeing & Manufacturing Company Ltd. is a Public Limited Listed company incorporated on 23/08/1879 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17120MH1879PLC000037 and registration number is 000037. Currently Company is involved in the business activities of Retail sale of textiles in specialized stores. Company’s Total Operating Revenue is Rs. 2000.92 Cr. and Equity Capital is Rs. 41.31 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Textiles - Processing/TexturisingNeville House, J N Heredia Marg, Mumbai Maharashtra 400001grievance_redressal_cell@bombaydyeing.com
    http://www.bombaydyeing.com
    Management
    NamePosition Held
    Mr. Nusli N WadiaChairman
    Mr. Rajesh BatraDirector
    Mr. Ness N WadiaDirector
    Mr. Keki M ElaviaDirector
    Dr.(Mrs.) Minnie BodhanwalaDirector
    Mr. Sunil S LalbhaiDirector
    Mr. Chandra IyengarDirector
    Mr. Natarajan VenkataramanDirector
    Mr. Varun BerryDirector
    Mr. Sujal Anil ShahDirector
    Mr. Srinivasan VishwanathanDirector

    FAQ

    What is the latest intrinsic value of Bombay Dyeing & Manufacturing Company Ltd?

    The latest intrinsic value of Bombay Dyeing & Manufacturing Company Ltd as on 24 November 2024 is ₹1882.86, which is 818.47% higher than the current market price of ₹205.00.

    What is the Market Cap of Bombay Dyeing & Manufacturing Company Ltd?

    The Market Cap of Bombay Dyeing & Manufacturing Company Ltd is 4,238 Cr..

    What is the current Stock Price of Bombay Dyeing & Manufacturing Company Ltd as on 24 November 2024?

    The current stock price of Bombay Dyeing & Manufacturing Company Ltd as on 24 November 2024 is 205.

    What is the High / Low of Bombay Dyeing & Manufacturing Company Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Bombay Dyeing & Manufacturing Company Ltd stocks is 256/134.

    What is the Stock P/E of Bombay Dyeing & Manufacturing Company Ltd?

    The Stock P/E of Bombay Dyeing & Manufacturing Company Ltd is .

    What is the Book Value of Bombay Dyeing & Manufacturing Company Ltd?

    The Book Value of Bombay Dyeing & Manufacturing Company Ltd is 120.

    What is the Dividend Yield of Bombay Dyeing & Manufacturing Company Ltd?

    The Dividend Yield of Bombay Dyeing & Manufacturing Company Ltd is 0.58 %.

    What is the ROCE of Bombay Dyeing & Manufacturing Company Ltd?

    The ROCE of Bombay Dyeing & Manufacturing Company Ltd is 0.97 %.

    What is the ROE of Bombay Dyeing & Manufacturing Company Ltd?

    The ROE of Bombay Dyeing & Manufacturing Company Ltd is 104 %.

    What is the Face Value of Bombay Dyeing & Manufacturing Company Ltd?

    The Face Value of Bombay Dyeing & Manufacturing Company Ltd is 2.00.

    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 Bombay Dyeing & Manufacturing Company 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