BITS Ltd

₹ 28.5 1.97%

22 Nov 3:29 p.m.

About

BITS is engaged in the business to impart education in field of Art, Commerce, Science, Computer Software, Computer Hardware, Business Management, Hotel Management, Engineering & Technical Education and in all innovative fields that may be useful to segme

Key Points

Business^[1]
The main business of the company is to impart education in fields of Art, Commerce, Science, Computer Software, Computer Hardware, Business Management, Hotel Management, Engineering, and Technical Education and in all innovative fields that may be useful to segments of society by setting up centers, institutes, colleges, universities including Distance Learning Programmes, etc. Also to impart Corporate Management Training through classroom training and various other modes.

Website BSE

Market Cap ₹ 319 Cr.
Current Price ₹ 28.5
High / Low ₹ 28.5 / 1.18
Stock P/E 2,455
Book Value ₹ 1.59
Dividend Yield 0.00 %
ROCE 1.25 %
ROE 1.30 %
Face Value ₹ 2.00

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Pros

Company is almost debt free.

Cons

Stock is trading at 17.6 times its book value
Company has a low return on equity of 0.04% over last 3 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.

Peer comparison

Sector: Computer Education Industry: Computers - Education

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	0.17	0.19	0.21	0.20	0.19	0.20	0.21	0.21	0.21	0.23	0.24	0.25	0.27
	0.16	0.22	0.16	0.24	0.27	0.30	0.21	0.17	0.30	0.16	0.20	0.21	0.21
Operating Profit	0.01	-0.03	0.05	-0.04	-0.08	-0.10	0.00	0.04	-0.09	0.07	0.04	0.04	0.06
OPM %	5.88%	-15.79%	23.81%	-20.00%	-42.11%	-50.00%	0.00%	19.05%	-42.86%	30.43%	16.67%	16.00%	22.22%
	0.10	0.12	0.00	0.09	0.18	-0.01	0.02	0.00	0.12	0.00	0.00	0.00	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.01	0.02	0.02	0.02	0.02	0.02	0.00	0.01	0.01	0.01	0.01	0.02	0.06
Profit before tax	0.10	0.07	0.03	0.03	0.08	-0.13	0.02	0.03	0.02	0.06	0.03	0.02	0.01
Tax %	0.00%	28.57%	0.00%	33.33%	-12.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.10	0.05	0.03	0.02	0.10	-0.12	0.02	0.03	0.02	0.06	0.03	0.03	0.01
EPS in Rs	0.01	0.00	0.00	0.00	0.01	-0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	0.04	0.16	0.22	0.23	3.58	0.61	0.72	0.73	0.55	0.74	0.80	0.89	0.99
	0.17	0.67	1.10	12.51	10.56	2.07	0.61	0.68	0.55	0.68	1.02	0.74	0.78
Operating Profit	-0.13	-0.51	-0.88	-12.28	-6.98	-1.46	0.11	0.05	0.00	0.06	-0.22	0.15	0.21
OPM %	-325.00%	-318.75%	-400.00%	-5,339.13%	-194.97%	-239.34%	15.28%	6.85%	0.00%	8.11%	-27.50%	16.85%	21.21%
	0.33	-2.62	0.81	0.86	1.08	0.01	0.00	0.01	0.00	0.23	0.28	0.04	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.06	0.06	0.07	0.01	0.01	0.05	0.06	0.06	0.06	0.06	0.05	0.06	0.10
Profit before tax	0.14	-3.19	-0.14	-11.43	-5.91	-1.50	0.05	0.00	-0.06	0.23	0.01	0.13	0.12
Tax %	7.14%	0.31%	-214.29%	0.35%	1.18%	1.33%	20.00%		16.67%	0.00%	0.00%	0.00%
	0.13	-3.20	0.17	-11.47	-5.98	-1.51	0.05	0.00	-0.07	0.23	0.01	0.14	0.13
EPS in Rs	0.01	-0.29	0.02	-1.03	-0.53	-0.13	0.00	0.00	-0.01	0.02	0.00	0.01	0.01
Dividend Payout %	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:	19%
5 Years:	4%
3 Years:	17%
TTM:	19%

Compounded Profit Growth
10 Years:	13%
5 Years:	36%
3 Years:	74%
TTM:	360%

Stock Price CAGR
10 Years:	62%
5 Years:	%
3 Years:	%
1 Year:	2312%

Return on Equity
10 Years:	-9%
5 Years:	0%
3 Years:	0%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	22.38	22.38	22.38	22.38	22.38	22.38	22.38	22.38	22.38	22.38	22.38	22.38	22.38
Reserves	17.00	13.79	13.96	2.49	-3.49	-5.00	-4.96	-4.96	-5.02	-4.79	-4.79	-4.65	-4.61
	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.68	17.57	16.43	9.47	8.79	0.97	0.90	0.80	0.76	0.51	0.52	0.57	0.58
Total Liabilities	59.26	53.74	52.77	34.34	27.68	18.35	18.32	18.22	18.12	18.10	18.11	18.30	18.35
	1.81	1.80	0.11	0.10	1.72	2.03	1.99	1.94	1.88	1.89	1.85	2.68	2.98
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	21.81	10.88	12.51	12.99	11.40	1.96	2.01	2.01	2.01	1.97	2.03	2.16	1.84
	35.64	41.06	40.15	21.25	14.56	14.36	14.32	14.27	14.23	14.24	14.23	13.46	13.53
Total Assets	59.26	53.74	52.77	34.34	27.68	18.35	18.32	18.22	18.12	18.10	18.11	18.30	18.35

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024
	19.24	-2.07	-0.10	0.51	-0.13	-8.55	0.04	-0.04	-0.16	0.16	1.02
	-19.18	1.96	-0.01	-0.48	0.30	8.36	-0.06	0.00	0.20	0.03	-0.98
	0.00	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.06	0.09	-0.11	0.03	0.17	-0.19	-0.02	-0.05	0.04	0.19	0.03

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	225,296.25	56,324.06	40,962.95	10,458.04	0.00	0.00	0.00	0.00	0.00	9.86	13.69	4.10
Inventory Days	37,138.75	10,246.07	6,807.25	5,823.41	0.00
Days Payable	0.00	0.00	0.00	0.00
Cash Conversion Cycle	262,435.00	66,570.13	47,770.20	16,281.45	0.00	0.00	0.00	0.00	0.00	9.86	13.69	4.10
Working Capital Days	147,551.25	53,883.12	39,254.09	18,551.52	-885.99	-508.61	-365.00	-320.00	-404.82	-152.91	-59.31	-61.52
ROCE %	0.35%	-0.40%	-0.39%	-37.35%	-27.01%	-8.33%	0.29%	0.00%	-0.35%	0.00%	-1.19%	1.25%

Shareholding Pattern

Numbers in percentages

1 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	34.86%	34.86%	34.86%	34.86%	34.86%	34.86%	34.85%	34.86%	34.86%	34.85%	34.86%	34.86%
No. of Shareholders	16,755	16,746	16,743	16,742	16,741	16,741	16,738	16,688	16,556	18,597	20,638	24,440

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%	65.07%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	34.86%	34.86%	34.86%	34.86%	34.86%	34.86%	34.86%	34.85%	34.86%
No. of Shareholders	16,826	16,692	16,711	16,743	16,751	16,746	16,741	18,597	24,440

* 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.

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BITS Ltd

BITS Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports