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Last Updated on: 10 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

BPL Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 24, 2024, 11:41 am

Market Cap 529 Cr.
Current Price 108
High / Low148/76.8
Stock P/E21.2
Book Value 51.0
Dividend Yield0.00 %
ROCE7.15 %
ROE5.59 %
Face Value 10.0
PEG Ratio0.67

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

View Share Price Target for BPL Ltd

Competitors of BPL Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IKIO Lighting Ltd 2,133 Cr. 276364/24539.7 71.20.36 %21.7 %17.5 % 10.0
Elin Electronics Ltd 1,123 Cr. 226282/12970.1 1010.00 %5.08 %2.75 % 5.00
CWD Ltd 289 Cr. 8001,144/601251 79.10.00 %7.92 %4.56 % 10.0
Calcom Vision Ltd 169 Cr. 124184/104 55.40.00 %6.43 %1.83 % 10.0
Whirlpool of India Ltd 26,172 Cr. 2,0632,450/1,18683.3 2980.24 %9.07 %6.36 % 10.0
Industry Average23,312.77 Cr1,896.3290.03115.900.19%16.36%14.07%6.31

All Competitor Stocks of BPL Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales10.3514.915.969.7213.289.2612.1411.8612.8815.3414.4521.4914.42
Expenses10.3412.596.419.3812.0310.3410.309.6011.4913.8311.3411.5112.23
Operating Profit0.012.32-0.450.341.25-1.081.842.261.391.513.119.982.19
OPM %0.10%15.56%-7.55%3.50%9.41%-11.66%15.16%19.06%10.79%9.84%21.52%46.44%15.19%
Other Income0.330.140.133.190.147.520.210.370.208.510.130.200.15
Interest0.710.550.490.440.410.380.390.320.390.330.180.140.15
Depreciation0.420.410.420.420.420.420.410.550.500.230.470.480.51
Profit before tax-0.791.50-1.232.670.565.641.251.760.709.462.599.561.68
Tax %0.00%1,394.67%0.00%0.00%0.00%-93.97%0.00%0.00%0.00%78.75%0.00%0.00%0.00%
Net Profit-0.78-19.43-1.232.670.5610.951.251.760.702.012.599.561.68
EPS in Rs-0.16-3.97-0.250.550.112.240.260.360.140.410.531.950.34

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
Sales7694452440941241409544385264
Expenses869953234111611413711141384648
Operating Profit-10-5-81-1-22103-1620716
OPM %-14%-5%-18%3%-2%-24%8%2%-17%5%0%13%25%
Other Income743914916801532111109
Interest4300142222211
Depreciation8212010012222
Profit before tax5230481453234-17-181322
Tax %-17%135%3,061%0%159%1%68%75%122%-3,874%-69%57%
Net Profit61-10-1278-853714-2113615
EPS in Rs12.47-2.10-26.041.59-1.7310.861.500.190.77-4.392.651.173.03
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 (%)-116.39%-1170.00%106.30%-200.00%762.50%-86.79%-85.71%300.00%-625.00%161.90%-53.85%
Change in YoY Net Profit Growth (%)0.00%-1053.61%1276.30%-306.30%962.50%-849.29%1.08%385.71%-925.00%786.90%-215.75%

BPL 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:-14%
3 Years:15%
TTM:31%
Compounded Profit Growth
10 Years:32%
5 Years:79%
3 Years:38%
TTM:254%
Stock Price CAGR
10 Years:17%
5 Years:42%
3 Years:11%
1 Year:32%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:5%
Last Year:6%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital494949494949494949494949
Reserves149212921109116117121100117187201
Borrowings170170170176246912131029
Other Liabilities37291856196189192195194190191189
Total Liabilities404268266301377360367377355366429447
Fixed Assets2015121210882423212425
CWIP000000400003
Investments11513621215656565656175240240
Other Assets268117233269312296299296277170165178
Total Assets404268266301377360367377355366429447

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -137-121-20-604-781-068
Cash from Investing Activity 4210122145715-4-12044-9
Cash from Financing Activity -28-21-0614-2020-1-4-106
Net Cash Flow1-41-111-1-9-30-105

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-10.00-175.00-178.00-169.00-177.00-46.004.00-6.00-28.00-11.00-10.005.00

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 Days71281,7661,0544528513813112597118
Inventory Days4720535710154443372805254
Days Payable4411824713368504961135617563
Cash Conversion Cycle75-701,573978783245106714374109
Working Capital Days56-11,824844-211-138-90-219-470-538-625-444
ROCE %-1%-0%1%1%1%6%3%-9%1%6%7%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters63.24%63.24%63.24%63.24%63.21%63.17%63.13%63.13%63.13%63.13%63.13%63.13%
FIIs0.01%0.07%0.01%0.00%0.12%0.00%0.06%0.01%0.00%0.03%0.01%0.16%
DIIs0.51%0.50%0.50%0.51%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public36.24%36.19%36.24%36.25%36.65%36.83%36.81%36.85%36.86%36.83%36.86%36.70%
No. of Shareholders36,38942,39843,12441,72440,68841,46641,42240,80440,25237,97539,45042,397

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 16Mar 14
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.7614.253.37-2.85-29.01
Diluted EPS (Rs.)2.7614.253.37-2.85-29.01
Cash EPS (Rs.)3.141.382.99-1.63-29.76
Book Value[Excl.RevalReserv]/Share (Rs.)78.4175.7061.5311.7452.95
Book Value[Incl.RevalReserv]/Share (Rs.)78.4175.7061.5311.7452.95
Revenue From Operations / Share (Rs.)13.5610.667.818.2622.02
PBDIT / Share (Rs.)4.013.212.263.22-1.10
PBIT / Share (Rs.)3.612.871.923.12-1.83
PBT / Share (Rs.)3.442.551.562.91-3.57
Net Profit / Share (Rs.)2.741.032.65-1.73-30.49
NP After MI And SOA / Share (Rs.)2.741.032.65-2.85-29.01
PBDIT Margin (%)29.5930.1428.9138.95-4.99
PBIT Margin (%)26.6026.9024.5337.74-8.30
PBT Margin (%)25.3923.9520.0135.26-16.20
Net Profit Margin (%)20.189.6833.89-20.93-138.43
NP After MI And SOA Margin (%)20.189.6833.89-34.50-131.70
Return on Networth / Equity (%)5.372.147.79-24.26-174.33
Return on Capital Employeed (%)4.353.562.896.47-1.80
Return On Assets (%)2.170.842.41-4.81-25.88
Long Term Debt / Equity (X)0.080.090.010.110.00
Total Debt / Equity (X)0.120.810.060.110.00
Asset Turnover Ratio (%)0.100.090.000.000.12
Current Ratio (X)0.270.210.342.771.86
Quick Ratio (X)0.250.190.322.681.46
Inventory Turnover Ratio (X)7.015.990.000.004.20
Interest Coverage Ratio (X)24.4810.226.4015.75-0.63
Interest Coverage Ratio (Post Tax) (X)17.704.298.50-7.46-16.54
Enterprise Value (Cr.)585.09587.24473.00299.54380.56
EV / Net Operating Revenue (X)8.8111.2512.387.423.53
EV / EBITDA (X)29.7637.3142.8119.05-70.73
MarketCap / Net Operating Revenue (X)6.475.018.053.130.63
Price / BV (X)1.721.111.852.200.83
Price / Net Operating Revenue (X)6.475.018.053.130.63
EarningsYield0.030.010.04-0.11-2.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of BPL Ltd as of November 10, 2024 is: 61.65

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 10, 2024, BPL Ltd is Overvalued by 42.92% compared to the current share price ₹108.00

Intrinsic Value of BPL Ltd as of November 10, 2024 is: 81.08

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 10, 2024, BPL Ltd is Overvalued by 24.93% compared to the current share price 108.00

Last 5 Year EPS CAGR: 31.52%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.94 and average Dividend Yield of 21.49%.
  2. The stock has a low average Working Capital Days of -152.92, which is a positive sign.
  3. The company has higher reserves (107.33 cr) compared to borrowings (64.25 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (71.54 cr) and profit (16.38 cr) over the years.
  1. The stock has a low average ROCE of 1.92%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 128.50, 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 BPL Ltd:
    1. Net Profit Margin: 20.18%
      • 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: 4.35% (Industry Average ROCE: 16.36%)
      • 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%: 5.37% (Industry Average ROE: 14.07%)
      • 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): 17.7
      • 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: 0.25
      • 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: 21.2 (Industry average Stock P/E: 90.03)
      • 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: 0.12
      • 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

BPL Ltd. is a Public Limited Listed company incorporated on 16/04/1963 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L28997KL1963PLC002015 and registration number is 002015. Currently company belongs to the Industry of Consumer Electronics. Company’s Total Operating Revenue is Rs. 38.21 Cr. and Equity Capital is Rs. 48.91 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsBPL Works, Palakkad Kerala 678007investor@bpl.in
http://www.bpllimited.com
Management
NamePosition Held
Mr. Ajit G NambiarChairman & Managing Director
Mrs. Anju ChandrasekharDirector
Mr. Nowroz J CamaDirector
Dr. Chandan JunejaDirector
Mr. Sukumar RangachariDirector
Mr. C K SabareeshanDirector

FAQ

What is the latest fair value of BPL Ltd?

The latest fair value of BPL Ltd is ₹61.65.

What is the Market Cap of BPL Ltd?

The Market Cap of BPL Ltd is 529 Cr..

What is the current Stock Price of BPL Ltd as on 09 November 2024?

The current stock price of BPL Ltd as on 09 November 2024 is 108.

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

In FY 2024, the High / Low of BPL Ltd stocks is 148/76.8.

What is the Stock P/E of BPL Ltd?

The Stock P/E of BPL Ltd is 21.2.

What is the Book Value of BPL Ltd?

The Book Value of BPL Ltd is 51.0.

What is the Dividend Yield of BPL Ltd?

The Dividend Yield of BPL Ltd is 0.00 %.

What is the ROCE of BPL Ltd?

The ROCE of BPL Ltd is 7.15 %.

What is the ROE of BPL Ltd?

The ROE of BPL Ltd is 5.59 %.

What is the Face Value of BPL Ltd?

The Face Value of BPL 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 BPL 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