Bright Brothers Ltd

Bright Brothers Ltd

₹ 459 7.67%
26 Dec - close price
About

Incorporated in 1947, Bright Brothers Ltd manufactures injection moulded plastics products[1]

Key Points

Business Overview:[1]
Company manufactures and sells Consumer Durable and Plastic Household Containers for various residential and commercial purposes. It deals in a vast range of Plastic Moulders, Plastic Molding and Consumer Durable Products and is a supply partner of many automotive and non automotive OEMs in India, with 6 plants across India

  • Market Cap 261 Cr.
  • Current Price 459
  • High / Low 469 / 134
  • Stock P/E 50.2
  • Book Value 132
  • Dividend Yield 0.22 %
  • ROCE 2.33 %
  • ROE -5.96 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.47 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.17% over past five years.
  • Company has a low return on equity of -2.50% 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: Plastic products Industry: Plastics Products

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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
61.89 55.93 61.73 64.54 52.33 42.60 47.27 65.40 57.82 55.91 65.47 83.17 88.07
58.45 52.78 58.48 61.65 51.97 43.32 48.57 63.20 56.12 52.99 61.45 76.29 79.74
Operating Profit 3.44 3.15 3.25 2.89 0.36 -0.72 -1.30 2.20 1.70 2.92 4.02 6.88 8.33
OPM % 5.56% 5.63% 5.26% 4.48% 0.69% -1.69% -2.75% 3.36% 2.94% 5.22% 6.14% 8.27% 9.46%
35.68 0.27 0.35 0.13 0.62 0.34 0.73 0.65 0.30 0.26 0.41 0.52 0.18
Interest 1.05 1.03 1.12 1.27 0.85 0.93 0.73 1.50 1.61 1.58 1.88 2.03 2.12
Depreciation 1.53 1.52 1.70 1.44 1.41 1.39 1.56 2.02 2.07 2.31 2.52 2.43 2.59
Profit before tax 36.54 0.87 0.78 0.31 -1.28 -2.70 -2.86 -0.67 -1.68 -0.71 0.03 2.94 3.80
Tax % 17.16% 12.64% 29.49% -3.23% -24.22% -24.81% -74.13% 0.00% -1.79% 14.08% 0.00% 10.20% 12.37%
30.27 0.76 0.55 0.32 -0.97 -2.03 -0.74 -0.67 -1.65 -0.81 0.03 2.64 3.33
EPS in Rs 53.29 1.34 0.97 0.56 -1.71 -3.57 -1.30 -1.18 -2.90 -1.43 0.05 4.65 5.86
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
147 150 162 154 184 214 231 218 202 230 207 245 293
142 142 157 153 176 203 217 202 185 217 206 234 270
Operating Profit 6 8 5 2 8 11 14 16 18 13 1 11 22
OPM % 4% 5% 3% 1% 4% 5% 6% 7% 9% 6% 1% 4% 8%
3 2 2 1 2 1 0 0 1 36 2 2 1
Interest 5 5 4 4 4 6 6 5 4 5 4 7 8
Depreciation 4 5 5 5 5 5 6 6 6 6 6 9 10
Profit before tax -0 0 -1 -6 0 1 2 5 8 39 -7 -3 6
Tax % 133% -2,833% -3% 0% 2,700% -6% 5% 25% 32% 17% -48% 2%
-1 3 -1 -6 -0 1 2 3 6 32 -3 -3 5
EPS in Rs -1.36 4.63 -2.39 -10.37 -0.46 2.11 3.52 6.09 10.05 56.27 -6.02 -5.46 9.13
Dividend Payout % -148% 43% -84% -19% -437% 95% 57% 33% 25% 9% -17% -18%
Compounded Sales Growth
10 Years: 5%
5 Years: 1%
3 Years: 7%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 202%
Stock Price CAGR
10 Years: 25%
5 Years: 44%
3 Years: 41%
1 Year: 204%
Return on Equity
10 Years: -1%
5 Years: 1%
3 Years: -3%
Last Year: -6%

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 53 54 51 44 37 37 38 38 44 74 67 64 69
7 5 4 4 4 7 12 13 20 14 20 43 41
20 25 23 26 40 38 32 60 102 84 76 89 105
Total Liabilities 86 91 85 79 87 89 88 117 172 177 169 201 221
39 35 35 33 38 41 45 44 51 42 50 79 82
CWIP 0 0 1 2 0 0 0 0 0 0 7 0 0
Investments 10 14 13 10 11 7 4 7 5 38 16 4 5
37 41 36 34 38 40 39 66 116 98 95 117 135
Total Assets 86 91 85 79 87 89 88 117 172 177 169 201 221

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 2021 Mar 2022 Mar 2023 Mar 2024
8 9 9 5 11 8 11 15 12 7 0 11
-5 -3 -2 -0 -7 -4 -7 -7 -10 6 3 -1
-4 -7 -7 -5 -2 -6 -3 -7 2 -16 -3 -2
Net Cash Flow -1 -1 0 0 2 -2 1 1 3 -3 -0 8

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 20 30 28 29 31 33 26 77 151 101 96 100
Inventory Days 35 37 30 38 36 46 43 37 65 45 52 53
Days Payable 26 43 44 54 72 86 69 56 123 65 99 109
Cash Conversion Cycle 28 24 13 13 -4 -7 0 59 93 81 49 44
Working Capital Days 3 5 1 2 -9 -4 1 -1 7 2 9 5
ROCE % 6% 6% 1% -5% 6% 13% 15% 18% 20% 10% -4% 2%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.83% 53.94% 54.03% 54.20% 54.21% 54.21% 54.21% 54.21% 54.21% 54.21% 54.21% 54.21%
46.16% 46.06% 45.97% 45.80% 45.78% 45.78% 45.78% 45.79% 45.78% 45.78% 45.78% 45.78%
No. of Shareholders 5,2955,8715,6795,4845,1034,9834,8144,6614,4794,3384,3624,978

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