Bhagwati Autocast Ltd

Bhagwati Autocast Ltd

₹ 465 0.73%
24 Jul - close price
About

Incorporated in 1984, Bhagwati Autocast Ltd manufactures and sells CI & SGI Castings[1]

Key Points

Business Overview:[1][2]
Company is a part of Bhagwati Group which has 2 foundry units viz. Bhagwati Spherocast Pvt. Ltd. and Bhagwati Autocast Ltd which works as a casting suppliers in the Transmission and Automotive segment. BAL has a wide range of castings from 40 kg. to 140 kg. for automobile and tractor OEMs in India

  • Market Cap 134 Cr.
  • Current Price 465
  • High / Low 676 / 356
  • Stock P/E 19.3
  • Book Value 142
  • Dividend Yield 0.43 %
  • ROCE 22.6 %
  • ROE 18.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 2.27% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
33.35 32.77 34.59 21.51 23.30 45.16 42.43 29.44 36.27 38.02 39.59 24.40 32.21
31.00 31.60 33.03 23.57 22.41 40.97 38.58 26.84 32.16 34.29 35.35 24.12 27.55
Operating Profit 2.35 1.17 1.56 -2.06 0.89 4.19 3.85 2.60 4.11 3.73 4.24 0.28 4.66
OPM % 7.05% 3.57% 4.51% -9.58% 3.82% 9.28% 9.07% 8.83% 11.33% 9.81% 10.71% 1.15% 14.47%
0.00 0.02 0.04 0.00 0.02 0.00 0.01 0.02 0.04 0.01 0.03 0.05 0.19
Interest 0.15 0.12 0.22 0.27 0.00 0.39 0.27 0.28 0.30 0.28 0.24 0.26 0.25
Depreciation 0.60 0.55 0.61 0.62 0.60 0.68 0.69 0.69 0.69 0.62 0.63 0.63 0.63
Profit before tax 1.60 0.52 0.77 -2.95 0.31 3.12 2.90 1.65 3.16 2.84 3.40 -0.56 3.97
Tax % 28.12% 26.92% 23.38% -26.44% 25.81% 25.96% 31.03% 28.48% 29.43% 27.82% 76.18% -101.79% -2.77%
1.15 0.37 0.59 -2.16 0.24 2.30 2.00 1.19 2.23 2.05 0.80 0.01 4.07
EPS in Rs 3.99 1.28 2.05 -7.50 0.83 7.98 6.94 4.13 7.74 7.12 2.78 0.03 14.13
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
69 82 64 64 70 90 120 100 104 112 154 134
65 72 64 60 65 85 112 94 99 111 140 121
Operating Profit 4 10 0 4 5 4 8 6 5 2 15 13
OPM % 6% 12% 0% 7% 7% 5% 7% 6% 5% 1% 10% 10%
1 0 0 0 0 0 0 0 -0 0 0 0
Interest 1 1 1 1 1 1 1 1 0 1 1 1
Depreciation 2 2 3 2 2 2 2 2 2 2 3 3
Profit before tax 2 7 -4 1 2 1 5 3 2 -1 11 10
Tax % 31% 31% -27% 34% 43% 24% 25% 29% 28% -28% 29% 28%
1 5 -3 1 1 1 4 2 2 -1 8 7
EPS in Rs 5.10 16.14 -8.96 2.71 4.44 3.85 12.81 7.50 5.97 -3.33 26.80 24.06
Dividend Payout % 14% 6% -6% 26% 18% 21% 8% 13% 17% -30% 7% 8%
Compounded Sales Growth
10 Years: 5%
5 Years: 2%
3 Years: 9%
TTM: -13%
Compounded Profit Growth
10 Years: 4%
5 Years: 14%
3 Years: 58%
TTM: -10%
Stock Price CAGR
10 Years: 23%
5 Years: 39%
3 Years: 45%
1 Year: 9%
Return on Equity
10 Years: 9%
5 Years: 12%
3 Years: 14%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 14 19 16 16 18 19 22 24 25 24 32 38
6 8 7 5 9 8 9 6 5 18 11 8
21 26 20 19 13 23 19 20 23 19 23 20
Total Liabilities 45 56 45 43 43 52 53 53 56 64 68 70
17 20 18 16 15 14 15 16 15 34 31 31
CWIP 0 0 0 0 0 0 1 0 1 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
27 36 27 27 28 38 37 37 40 30 37 37
Total Assets 45 56 45 43 43 52 53 53 56 64 68 70

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 2 3 2 -1 4 4 6 5 7 12 8
-1 -4 -1 -1 -1 -2 -4 -2 -2 -20 -0 -3
-1 2 -2 -1 2 -2 -0 -4 -2 12 -9 -4
Net Cash Flow -0 -0 -0 -0 0 0 -0 0 -0 -0 3 0

Ratios

Figures in Rs. Crores

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 79 96 104 110 109 120 90 105 115 69 62 64
Inventory Days 55 58 60 56 72 60 37 52 43 39 28 36
Days Payable 138 146 159 165 132 179 98 135 141 97 80 77
Cash Conversion Cycle -4 8 5 2 48 1 29 23 17 10 10 23
Working Capital Days 29 48 45 54 78 60 54 61 62 39 30 44
ROCE % 14% 29% -10% 7% 11% 8% 19% 12% 9% -2% 27% 23%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.12% 73.14% 73.14% 73.32% 73.32% 73.45% 73.75% 73.89% 73.89% 73.89% 73.89% 73.90%
26.88% 26.86% 26.86% 26.68% 26.69% 26.56% 26.25% 26.10% 26.10% 26.10% 26.10% 26.10%
No. of Shareholders 2,3372,2842,2832,2692,2632,1902,2032,5572,8412,7862,8102,926

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