B C C Fuba India Ltd

B C C Fuba India Ltd

₹ 64.9 1.56%
03 Jul 9:09 a.m.
About

Incorporated in 1985, BCC Fuba Ltd does manufacturing of Printing Circuit Board[1]

Key Points

Business Overview:[1][2]
Company was formed as a joint-venture collaboration with Fuba Hans Kolbe & Co., Germany, and DEG, Germany. The company was incorporated as a JV but does not have any JVs, subsidiaries at present. Its machinery was imported from Germany, Italy, France, UK and USA. Apart from PCBs, company also deals in cable manufacturing, AC coils manufacturing, and manufacturing and distribution of goods like switch gears, LED lights and switches. At present, technology imported from M/s Fuba Printed Circuits GMBH (Formerly Fuba Hans Kolbe & Co., the technical collaborator of company), has been fully absorbed and company is able to manufacture the products without any foreign technical assistance. The company has developed capacity to manufacture the multilayer boards and double sided boards with SMT pads

  • Market Cap 99.4 Cr.
  • Current Price 64.9
  • High / Low 81.5 / 29.5
  • Stock P/E 26.4
  • Book Value 12.7
  • Dividend Yield 0.00 %
  • ROCE 15.9 %
  • ROE 21.4 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 133 to 101 days.

Cons

  • Stock is trading at 5.02 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -4.86% over past five years.
  • Promoter holding is low: 32.8%
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -6.71%

* 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
26.90 5.74 5.91 8.38 8.51 4.73 6.82 8.03 9.08 10.67 7.73 6.16 7.70
26.42 5.32 5.62 7.82 8.07 4.46 6.41 7.03 7.69 8.91 6.40 5.43 7.03
Operating Profit 0.48 0.42 0.29 0.56 0.44 0.27 0.41 1.00 1.39 1.76 1.33 0.73 0.67
OPM % 1.78% 7.32% 4.91% 6.68% 5.17% 5.71% 6.01% 12.45% 15.31% 16.49% 17.21% 11.85% 8.70%
0.10 0.03 0.07 0.01 0.07 0.02 0.27 0.03 0.01 0.02 0.07 0.10 0.09
Interest 0.27 0.08 0.07 0.08 0.31 0.07 0.16 0.12 0.12 0.12 0.12 0.09 0.12
Depreciation 0.11 0.11 0.11 0.12 0.12 0.08 0.13 0.14 0.13 0.17 0.15 0.19 0.20
Profit before tax 0.20 0.26 0.18 0.37 0.08 0.14 0.39 0.77 1.15 1.49 1.13 0.55 0.44
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 13.04% 16.78% 16.81% 16.36% -154.55%
0.20 0.26 0.18 0.37 0.08 0.14 0.39 0.77 1.01 1.24 0.94 0.46 1.12
EPS in Rs 0.13 0.17 0.12 0.24 0.05 0.09 0.25 0.50 0.66 0.81 0.61 0.30 0.73
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
6.89 4.99 6.86 7.59 9.03 15.05 41.38 47.38 44.45 28.54 28.65 32.26
7.61 6.61 7.75 8.23 9.11 15.79 40.65 47.76 43.31 26.82 25.59 27.77
Operating Profit -0.72 -1.62 -0.89 -0.64 -0.08 -0.74 0.73 -0.38 1.14 1.72 3.06 4.49
OPM % -10.45% -32.46% -12.97% -8.43% -0.89% -4.92% 1.76% -0.80% 2.56% 6.03% 10.68% 13.92%
0.06 0.51 0.05 0.03 0.17 0.52 0.19 0.23 0.21 0.17 0.32 0.28
Interest 0.15 0.10 0.18 0.03 0.07 0.19 0.38 0.42 0.39 0.54 0.46 0.45
Depreciation 0.12 0.11 0.12 0.10 0.13 0.22 0.33 0.38 0.37 0.46 0.48 0.72
Profit before tax -0.93 -1.32 -1.14 -0.74 -0.11 -0.63 0.21 -0.95 0.59 0.89 2.44 3.60
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.15% -4.17%
-0.93 -1.31 -1.14 -0.74 -0.12 -0.63 0.20 -0.95 0.59 0.89 2.30 3.76
EPS in Rs -1.53 -2.16 -1.88 -1.22 -0.20 -0.41 0.13 -0.62 0.39 0.58 1.50 2.46
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 21%
5 Years: -5%
3 Years: -10%
TTM: 13%
Compounded Profit Growth
10 Years: 17%
5 Years: 80%
3 Years: 91%
TTM: 63%
Stock Price CAGR
10 Years: 30%
5 Years: 38%
3 Years: 64%
1 Year: 98%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 15%
Last Year: 21%

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 6.06 6.06 6.06 6.06 6.06 15.31 15.31 15.31 15.31 15.31 15.31 15.31
Reserves -6.95 -8.26 -9.42 -10.16 -10.88 -2.49 -2.34 -3.32 -2.76 -1.89 0.37 4.16
7.10 7.57 8.61 9.86 11.04 0.61 0.41 3.51 5.73 7.61 6.82 8.90
1.28 1.50 1.94 1.59 2.18 5.37 21.57 6.34 7.11 6.52 8.01 5.82
Total Liabilities 7.49 6.87 7.19 7.35 8.40 18.80 34.95 21.84 25.39 27.55 30.51 34.19
0.96 0.89 0.82 0.88 1.87 3.44 4.45 4.58 5.56 5.93 6.91 10.12
CWIP 0.00 0.00 0.00 0.00 0.00 0.72 0.00 0.00 0.00 0.60 0.14 0.25
Investments 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.03 0.03 2.03 6.41
6.52 5.97 6.36 6.46 6.51 14.62 30.48 17.24 19.80 20.99 21.43 17.41
Total Assets 7.49 6.87 7.19 7.35 8.40 18.80 34.95 21.84 25.39 27.55 30.51 34.19

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
-0.74 -0.35 -0.79 -1.08 -0.01 -3.96 0.13 1.35 4.15 -0.39 3.80 5.16
-0.04 -0.03 -0.06 -0.17 -1.12 -2.15 -0.58 -0.33 -1.43 -3.69 -2.59 -6.67
0.72 0.38 0.88 1.22 1.13 7.76 -0.58 -0.63 -0.94 1.34 -1.26 1.52
Net Cash Flow -0.06 0.00 0.03 -0.03 0.00 1.65 -1.03 0.39 1.77 -2.75 -0.04 0.01

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 135.62 167.51 125.04 119.26 99.44 181.65 186.38 80.27 89.34 155.64 141.54 100.81
Inventory Days 228.59 277.63 234.91 211.82 204.38 138.93 83.83 37.48 50.69 107.36 158.15 125.93
Days Payable 41.22 79.60 81.77 54.51 77.91 82.26 188.92 31.55 55.49 95.39 132.11 81.61
Cash Conversion Cycle 322.99 365.54 278.17 276.58 225.90 238.32 81.29 86.21 84.54 167.61 167.58 145.12
Working Capital Days 251.63 294.05 212.83 216.40 175.83 190.38 75.68 62.48 82.28 156.03 144.98 186.91
ROCE % -12.32% -21.07% -17.89% -12.90% -0.67% -8.65% 4.40% -4.64% 5.51% 7.22% 13.32%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.52% 37.87% 37.87% 37.87% 37.87% 37.87% 37.87% 37.87% 38.85% 38.85% 32.83% 32.83%
0.19% 0.19% 0.19% 0.19% 0.19% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20%
60.28% 61.94% 61.94% 61.94% 61.94% 61.94% 61.93% 61.93% 60.95% 60.95% 66.98% 66.97%
No. of Shareholders 11,18811,10711,35711,72211,63711,62511,55711,41311,46311,83411,92212,838

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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